A Business at a Glance
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DESCRIPTION OF BUSINESS Tyler Technologies, Inc. (“Tyler” or “Company”) is a leading provider of integrated software and technology management solutions for the public sector. Our solutions empower local, state, and federal government entities to create smarter, safer, and stronger communities. We offer the broadest range of software solutions and services designed for every level of public sector government agency. Our solutions deliver mission-critical technology to support the essential functions of government, including public safety, justice, public health, taxation and budgeting, infrastructure and land use, outdoor recreation, utility and civic services, regulation, K-12 education, and social services. We provide both the back-office systems-of-record that serve the operational needs of specific government agencies, as well as platform technology solutions that are designed to integrate with our back-office solutions and be deployed and connected across many agencies.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.3B | 2.1B | 2.0B | 1.9B | 1.6B |
| Net Income | 316M | 316M | 263M | 166M | 164M | 161M |
| EPS | $7.20 | $7.20 | $6.05 | $3.88 | $3.87 | $3.82 |
| Free Cash Flow | 638M | 638M | 604M | 360M | 359M | 338M |
| ROIC | 7.4% | 8.2% | 7.8% | 5.2% | 5.5% | 7.8% |
| Gross Margin | 46.5% | 46.5% | 43.8% | 44.1% | 42.4% | 44.6% |
| Debt/Equity | 0.34 | 0.34 | 0.19 | 0.25 | 0.40 | 0.60 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 358M | 358M | 300M | 219M | 214M | 181M |
| Operating Margin | 15.3% | 15.3% | 14.0% | 11.2% | 11.6% | 11.4% |
| ROE | 8.5% | 8.9% | 7.8% | 5.6% | 6.6% | 7.5% |
| Shares Outstanding | 44M | 44M | 43M | 43M | 42M | 42M |
TYLER TECHNOLOGIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
TYLER TECHNOLOGIES INC trades at 44.6x trailing earnings, compared to its 15-year median P/E of 72.7x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 21.6x vs a median of 43.9x. The company's 5-year average ROIC is 6.9% with a gross margin of 44.3%. Total shareholder yield (buybacks) is 1.2%. At current prices, the estimated annualized return to fair value is +13.2%.
TYLER TECHNOLOGIES INC (TYL) has a current P/E ratio of 44.6, compared to its historical median P/E of 72.7. The stock is currently considered Cheap based on its historical valuation range.
TYLER TECHNOLOGIES INC (TYL) has a 5-year average return on invested capital (ROIC) of 6.9%. This is below average and may indicate limited pricing power.
TYLER TECHNOLOGIES INC (TYL) has a market capitalization of $14.1B. It is classified as a large-cap stock.
TYLER TECHNOLOGIES INC (TYL) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.24%.
Based on historical P/E analysis, TYLER TECHNOLOGIES INC (TYL) appears cheap. The current P/E of 44.6 is 39% below its historical median of 72.7. The estimated fair value CAGR (P/E method) is 5.9%.
TYLER TECHNOLOGIES INC (TYL) operates in the Services-Prepackaged Software industry, within the Technology sector.
TYLER TECHNOLOGIES INC (TYL) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
TYLER TECHNOLOGIES INC (TYL) has a net profit margin of 13.5%. This is a healthy margin.
TYLER TECHNOLOGIES INC (TYL) generated $638 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TYLER TECHNOLOGIES INC (TYL) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
TYLER TECHNOLOGIES INC (TYL) reported earnings per share (EPS) of $7.20 in its most recent fiscal year.
TYLER TECHNOLOGIES INC (TYL) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
TYLER TECHNOLOGIES INC (TYL) has a 5-year average gross margin of 44.3%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for TYLER TECHNOLOGIES INC (TYL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TYLER TECHNOLOGIES INC (TYL) has a book value per share of $84.47, based on its most recent annual SEC filing.