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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and BENTLEY SYSTEMS INC (BSY). Click either name above to swap in a different company.

BENTLEY SYSTEMS INC is the larger business by last-quarter revenue ($391.6M vs $225.3M, roughly 1.7× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Bentley Systems, Incorporated is a US-based software development company that develops, manufactures, licenses, sells and supports computer software and services for the design, construction, and operation of infrastructure globally. The company's software serves the building, plant, civil, and geospatial markets in the areas of architecture, engineering, construction (AEC) and operations. Their software products are used to design, engineer, build, and operate large constructed assets such a...

APWC vs BSY — Head-to-Head

Bigger by revenue
BSY
BSY
1.7× larger
BSY
$391.6M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
BSY
BSY
Revenue
$225.3M
$391.6M
Net Profit
$58.6M
Gross Margin
7.9%
81.9%
Operating Margin
2.2%
20.0%
Net Margin
15.0%
Revenue YoY
11.9%
Net Profit YoY
17.1%
EPS (diluted)
$0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
BSY
BSY
Q4 25
$391.6M
Q3 25
$375.5M
Q2 25
$364.1M
Q1 25
$370.5M
Q4 24
$349.8M
Q3 24
$335.2M
Q2 24
$330.3M
Q1 24
$337.8M
Net Profit
APWC
APWC
BSY
BSY
Q4 25
$58.6M
Q3 25
$57.4M
Q2 25
$70.5M
Q1 25
$91.4M
Q4 24
$50.1M
Q3 24
$42.3M
Q2 24
$72.0M
Q1 24
$70.3M
Gross Margin
APWC
APWC
BSY
BSY
Q4 25
81.9%
Q3 25
80.8%
Q2 25
81.1%
Q1 25
82.3%
Q4 24
80.6%
Q3 24
80.7%
Q2 24
80.9%
Q1 24
81.7%
Operating Margin
APWC
APWC
BSY
BSY
Q4 25
20.0%
Q3 25
22.5%
Q2 25
23.2%
Q1 25
31.1%
Q4 24
17.6%
Q3 24
20.5%
Q2 24
24.3%
Q1 24
27.2%
Net Margin
APWC
APWC
BSY
BSY
Q4 25
15.0%
Q3 25
15.3%
Q2 25
19.4%
Q1 25
24.7%
Q4 24
14.3%
Q3 24
12.6%
Q2 24
21.8%
Q1 24
20.8%
EPS (diluted)
APWC
APWC
BSY
BSY
Q4 25
$0.17
Q3 25
$0.18
Q2 25
$0.22
Q1 25
$0.28
Q4 24
$0.15
Q3 24
$0.13
Q2 24
$0.22
Q1 24
$0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
BSY
BSY
Cash + ST InvestmentsLiquidity on hand
$123.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.2B
Total Assets
$3.6B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
BSY
BSY
Q4 25
$123.3M
Q3 25
$165.4M
Q2 25
$89.6M
Q1 25
$83.6M
Q4 24
$64.0M
Q3 24
$72.2M
Q2 24
$51.3M
Q1 24
$141.6M
Total Debt
APWC
APWC
BSY
BSY
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.4B
Stockholders' Equity
APWC
APWC
BSY
BSY
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$984.5M
Q1 24
$932.6M
Total Assets
APWC
APWC
BSY
BSY
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.4B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.3B
Q1 24
$3.4B
Debt / Equity
APWC
APWC
BSY
BSY
Q4 25
1.05×
Q3 25
1.04×
Q2 25
1.07×
Q1 25
1.13×
Q4 24
1.33×
Q3 24
1.37×
Q2 24
1.36×
Q1 24
1.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
BSY
BSY
Operating Cash FlowLast quarter
$141.6M
Free Cash FlowOCF − Capex
$136.2M
FCF MarginFCF / Revenue
34.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
2.41×
TTM Free Cash FlowTrailing 4 quarters
$520.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
BSY
BSY
Q4 25
$141.6M
Q3 25
$116.4M
Q2 25
$61.1M
Q1 25
$219.4M
Q4 24
$81.6M
Q3 24
$86.1M
Q2 24
$62.6M
Q1 24
$205.0M
Free Cash Flow
APWC
APWC
BSY
BSY
Q4 25
$136.2M
Q3 25
$110.7M
Q2 25
$57.0M
Q1 25
$216.4M
Q4 24
$76.1M
Q3 24
$84.3M
Q2 24
$59.5M
Q1 24
$201.4M
FCF Margin
APWC
APWC
BSY
BSY
Q4 25
34.8%
Q3 25
29.5%
Q2 25
15.7%
Q1 25
58.4%
Q4 24
21.7%
Q3 24
25.1%
Q2 24
18.0%
Q1 24
59.6%
Capex Intensity
APWC
APWC
BSY
BSY
Q4 25
1.4%
Q3 25
1.5%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.6%
Q3 24
0.5%
Q2 24
0.9%
Q1 24
1.1%
Cash Conversion
APWC
APWC
BSY
BSY
Q4 25
2.41×
Q3 25
2.03×
Q2 25
0.87×
Q1 25
2.40×
Q4 24
1.63×
Q3 24
2.03×
Q2 24
0.87×
Q1 24
2.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

BSY
BSY

Enterprise License Subscriptions$163.4M42%
Term License Subscriptions$122.7M31%
SELECT Subscriptions$70.6M18%
Professional Services Other$17.2M4%
Perpetual Licenses$14.3M4%
Professional Services Recurring$3.5M1%

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