Tyler Technologies Inc (TYL)

Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States. It operates in two segments, Enterprise Software and Platform Technologies. The company designs, develops, markets, and supports a range of software solutions to serve mission-critical back-office functions. It also offers platform and transformative technology solutions, such as cybersecurity, data and insights, digital solutions, payments, platform technologies, and outdoor recreation; public administration solutions, including civic services, ERP, property and recording, and regulatory; and corrections, courts and justice, and public safety solutions. In addition, the company provides school ERP and student transportation K-12 education solutions; and health and human services solutions comprising environmental health, and disability and benefits. It has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was formerly known as Tyler Corporation and changed its name to Tyler Technologies, Inc. in June 1999. Tyler Technologies, Inc. was founded in 1966 and is based in Plano, Texas.

Symbol: TYL
Exchange: NYSE
Sector: Technology
Industry: Software - Application
Market cap: $15.54B
52 week range: 270.71 - 524.43

Valuation

Share price: $322.81 (close of 2026-10-02)
P/E (TTM): 42.31x
Price to book: 5.12x
Price to free cash flow: 21.76x
Enterprise value: $16.03B
Book value per share: $63.08

Price performance

Period	Change
1 day	-2.23%
5 days	-0.85%
1 month	-13.89%
3 months	+1.48%
6 months	-4.50%
Year to date	-28.89%
1 year	-35.20%
3 years	-15.57%
5 years	-30.48%
10 years	+88.52%
All time	+14776.04%

Members of Congress who disclosed TYL trades

Gilbert Ray Cisneros · Lisa McClain · Val Hoyle

Super investors holding TYL

Ken Griffin (Citadel)

Profitability and growth

Return on equity: 8.52%
Return on invested capital: 8.71%
Return on assets: 5.60%
Return on capital employed: 9.21%
Gross margin: 46.46%
Net margin: 13.53%
EBITDA margin: 21.27%
Revenue growth: 9.10%
Net income growth: 19.99%
Free cash flow growth: 5.53%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.60%
Current ratio: 1.55x
Net debt to EBITDA: 0.84x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $2.33B
Cost of revenue: $1.25B
Gross profit: $1.08B
EBITDA: $496.03M
Net income: $315.60M
Earnings per share: $7.32
Interest expense: $5.00M
Shares outstanding: 43.09M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$2.33B	$1.08B	$315.60M	$7.32
2024-12-31	$2.14B	$935.76M	$263.03M	$6.17
2023-12-31	$1.95B	$861.10M	$165.92M	$3.95
2022-12-31	$1.85B	$783.86M	$164.24M	$3.95
2021-12-31	$1.59B	$709.64M	$161.46M	$3.95
2020-12-31	$1.12B	$542.51M	$194.82M	$4.87
2019-12-31	$1.09B	$516.90M	$146.53M	$3.79
2018-12-31	$935.28M	$439.58M	$147.46M	$3.84
2017-12-31	$840.90M	$399.38M	$169.57M	$4.55
2016-12-31	$759.88M	$359.19M	$113.70M	$3.12

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	46.46%	13.53%	8.52%	8.71%
2024-12-31	43.77%	12.30%	7.76%	7.81%
2023-12-31	44.12%	8.50%	5.65%	5.38%
2022-12-31	42.37%	8.88%	6.26%	5.52%
2021-12-31	44.57%	10.14%	6.95%	5.47%
2020-12-31	48.58%	17.45%	9.81%	13.84%
2019-12-31	47.58%	13.49%	9.06%	10.46%
2018-12-31	47.00%	15.77%	11.13%	12.57%
2017-12-31	47.49%	20.17%	14.23%	16.91%
2016-12-31	47.27%	14.96%	12.17%	13.18%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.10B	$599.66M
2024-12-31	$767.98M	$597.93M
2023-12-31	$175.88M	$596.21M
2022-12-31	$210.89M	$957.39M
2021-12-31	$407.80M	$1.31B
2020-12-31	$758.50M	-
2019-12-31	$272.08M	-
2018-12-31	$178.59M	-
2017-12-31	$229.09M	-
2016-12-31	$56.42M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$637.53M	$151.28M
2024-12-31	$604.10M	$122.81M
2023-12-31	$359.92M	$108.34M
2022-12-31	$358.93M	$102.98M
2021-12-31	$337.83M	$104.73M
2020-12-31	$332.40M	$67.36M
2019-12-31	$217.48M	$59.97M
2018-12-31	$222.78M	$52.74M
2017-12-31	$152.70M	$37.35M
2016-12-31	$154.13M	$29.75M

Dividend history

Most recent payment: 1990-01-31

Payment date	Dividend per share
1990-01-31	$0.02
1989-11-02	$0.02
1989-04-26	$0.01
1989-02-01	$0.01
1988-11-03	$0.01
1988-08-22	$10.00
1988-08-09	$0.11
1988-04-27	$0.11

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $2.70

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$2.37
2026-04-29	Mar/2026	$2.37
2026-02-11	Dec/2025	$2.04
2025-10-29	Sep/2025	$2.22
2025-07-30	Jun/2025	$2.13
2025-04-23	Mar/2025	$1.96
2025-02-12	Dec/2024	$1.83
2024-10-23	Sep/2024	$1.87

Filings and sources

Company website: tylertech.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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