Tyler Technologies (TYL) Financials

$576.54 +4.86 (+0.85%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$576.82 +0.28 (+0.05%)

As of 05/30/2025 04:50 PM Eastern

Annual Income Statements for Tyler Technologies

This table shows Tyler Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	263	166	164	161	195	147	147	170	114	65
Consolidated Net Income / (Loss)	263	166	164	161	195	147	147	170	114	65
Net Income / (Loss) Continuing Operations	263	166	164	161	195	147	147	170	114	65
Total Pre-Tax Income	308	198	188	159	175	160	156	163	136	108
Total Operating Income	300	219	214	181	173	156	152	163	138	108
Total Gross Profit	936	861	784	710	543	517	440	399	359	277
Total Revenue	2,138	1,952	1,850	1,592	1,117	1,086	935	841	760	591
Operating Revenue	2,138	1,952	1,850	1,592	1,117	1,086	935	841	760	591
Total Cost of Revenue	1,202	1,091	1,066	883	574	570	496	442	401	314
Operating Cost of Revenue	1,202	1,091	1,066	883	574	570	496	442	401	314
Total Operating Expenses	636	643	570	529	370	361	287	237	222	169
Selling, General & Admin Expense	301	309	267	272	161	258	208	176	165	133
Marketing Expense	158	150	136	119	98	-	-	-	-	-
Research & Development Expense	118	110	105	93	88	81	63	47	43	30
Amortization Expense	60	75	61	45	22	21	16	13	13	5.91
Total Other Income / (Expense), net	8.64	-20	-27	-22	2.12	3.47	3.38	0.70	-2.00	0.38
Interest Expense	5.93	24	28	23	1.01	2.03	-	-	-	-
Other Income / (Expense), net	15	3.33	1.72	1.54	3.13	5.50	3.38	0.70	-2.00	0.38
Income Tax Expense	45	32	23	-2.48	-20	13	8.41	-6.12	22	44
Basic Earnings per Share	$6.17	$3.95	$3.95	$3.95	$4.87	$3.79	$3.84	$4.55	$3.12	$1.90
Weighted Average Basic Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.45M	37.27M	36.83M	34.14M
Diluted Earnings per Share	$6.05	$3.88	$3.87	$3.82	$4.69	$3.65	$3.68	$4.32	$2.92	$1.77
Weighted Average Diluted Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.45M	37.27M	36.83M	34.14M
Weighted Average Basic & Diluted Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.45M	37.27M	36.83M	34.14M

This table shows Tyler Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	81	65	76	68	54	39	47	49	31	31	53
Consolidated Net Income / (Loss)	81	65	76	68	54	39	47	49	31	31	53
Net Income / (Loss) Continuing Operations	81	65	76	68	54	39	47	49	31	31	53
Total Pre-Tax Income	95	77	86	79	67	45	59	56	39	34	52
Total Operating Income	89	72	83	78	67	48	64	62	45	41	61
Total Gross Profit	267	237	237	238	224	213	225	223	200	193	205
Total Revenue	565	541	543	541	512	481	495	504	472	452	473
Operating Revenue	565	541	543	541	512	481	495	504	472	452	473
Total Cost of Revenue	298	304	306	303	289	268	270	281	272	259	269
Operating Cost of Revenue	298	304	306	303	289	268	270	281	272	259	269
Total Operating Expenses	178	165	155	160	157	165	161	161	155	153	144
Selling, General & Admin Expense	79	80	72	75	73	80	79	78	72	67	70
Marketing Expense	36	42	38	42	36	40	36	37	37	35	34
Research & Development Expense	48	29	30	29	29	26	28	28	27	33	25
Amortization Expense	14	14	14	14	18	19	19	18	18	18	15
Total Other Income / (Expense), net	6.12	5.08	3.27	0.63	-0.34	-3.10	-5.02	-5.74	-6.44	-7.09	-9.13
Interest Expense	1.25	1.26	1.24	1.25	2.18	3.75	5.81	6.39	7.68	8.10	9.26
Other Income / (Expense), net	7.36	6.34	4.50	1.88	1.85	0.65	0.79	0.64	1.25	1.01	0.13
Income Tax Expense	14	12	10	11	12	5.75	12	7.00	7.67	2.54	-1.45
Basic Earnings per Share	$1.88	$1.52	$1.78	$1.59	$1.28	$0.92	$1.12	$1.17	$0.74	$0.74	$1.28
Weighted Average Basic Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M
Diluted Earnings per Share	$1.84	$1.48	$1.74	$1.57	$1.26	$0.90	$1.10	$1.15	$0.73	$0.73	$1.26
Weighted Average Diluted Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M
Weighted Average Basic & Diluted Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M

This table details how cash moves in and out of Tyler Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	579	-8.36	-135	-294	371	98	-52	150	3.06	-173
Net Cash From Operating Activities	625	380	381	372	355	255	250	196	192	134
Net Cash From Continuing Operating Activities	625	380	381	372	355	255	250	196	192	134
Net Income / (Loss) Continuing Operations	263	166	164	161	195	147	147	170	114	65
Consolidated Net Income / (Loss)	263	166	164	161	195	147	147	170	114	65
Depreciation Expense	143	154	159	136	82	77	62	53	50	20
Amortization Expense	8.93	17	13	10	5.78	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	118	117	106	108	71	67	52	39	34	22
Changes in Operating Assets and Liabilities, net	92	-73	-61	-43	1.95	-35	-11	-67	-5.85	28
Net Cash From Investing Activities	-68	-77	-173	-2,091	-98	-245	-238	-85	-51	-398
Net Cash From Continuing Investing Activities	-68	-77	-173	-2,091	-98	-245	-238	-85	-51	-398
Purchase of Property, Plant & Equipment	-50	-53	-50	-56	-28	-42	-27	-43	-38	-13
Acquisitions	-1.40	-63	-164	-2,090	-11	-219	-178	-11	-9.39	-340
Purchase of Investments	-32	-11	-30	-77	-157	-55	-116	-60	-20	-47
Sale and/or Maturity of Investments	16	49	71	131	83	71	81	29	17	0.90
Other Investing Activities, net	0.17	0.01	0.44	0.38	0.31	-0.30	1.68	-0.00	-0.12	0.01
Net Cash From Financing Activities	22	-312	-344	1,425	114	89	-64	39	-138	91
Net Cash From Continuing Financing Activities	22	-312	-344	1,425	114	89	-64	39	-138	91
Repayment of Debt	-53	-345	-360	-172	0.00	0.00	0.00	-10	-56	-2.13
Issuance of Common Equity	18	16	17	13	11	9.58	8.05	7.04	6.24	4.67
Other Financing Activities, net	57	17	-0.89	97	119	97	75	50	24	23
Cash Interest Paid	3.10	19	21	18	0.61	-	-	-	-	-
Cash Income Taxes Paid	84	143	38	2.21	3.26	-	-	-	-	-

This table details how cash moves in and out of Tyler Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-39	206	288	62	23	34	13	-12	-43	-12	-67
Net Cash From Operating Activities	56	225	264	64	72	147	177	-19	75	122	129
Net Cash From Continuing Operating Activities	56	225	264	64	72	147	177	-19	75	122	129
Net Income / (Loss) Continuing Operations	81	65	76	68	54	39	47	49	31	31	53
Consolidated Net Income / (Loss)	81	65	76	68	54	39	47	49	31	31	53
Depreciation Expense	35	35	35	34	40	40	38	38	38	42	41
Amortization Expense	2.29	1.67	2.40	2.34	2.52	4.43	5.69	2.77	3.80	3.73	4.14
Non-Cash Adjustments To Reconcile Net Income	38	29	31	31	27	36	27	26	28	28	27
Changes in Operating Assets and Liabilities, net	-99	94	120	-71	-52	28	59	-135	-26	17	3.92
Net Cash From Investing Activities	-96	-33	-9.40	-13	-13	-36	-40	0.11	-0.60	-47	-15
Net Cash From Continuing Investing Activities	-96	-33	-9.40	-13	-13	-36	-40	0.11	-0.60	-47	-15
Purchase of Property, Plant & Equipment	-7.89	-8.79	-11	-16	-15	-13	-15	-14	-11	-7.15	-14
Acquisitions	-18	-	-0.09	-	-1.30	-27	-34	-	-1.88	-46	-0.39
Purchase of Investments	-72	-32	-	-	0.00	-	-	-	-11	-9.51	-16
Sale and/or Maturity of Investments	1.76	8.29	1.35	3.08	3.27	3.96	8.35	14	23	16	14
Other Investing Activities, net	-0.02	0.01	0.15	0.00	0.02	-0.04	0.03	-	0.02	0.12	0.17
Net Cash From Financing Activities	1.02	15	33	11	-36	-77	-125	7.00	-117	-87	-181
Net Cash From Continuing Financing Activities	1.02	15	33	11	-36	-77	-125	7.00	-117	-87	-181
Repayment of Debt	-4.48	-	-2.64	-	-50	-90	-135	-	-120	-90	-190
Issuance of Common Equity	3.97	4.81	4.35	4.92	3.55	4.42	4.03	4.71	3.04	4.04	4.46
Other Financing Activities, net	1.53	9.78	32	5.85	10	8.52	6.32	2.28	-0.16	-1.19	4.41
Cash Interest Paid	0.97	0.24	0.93	0.19	1.74	2.33	4.53	5.50	6.78	6.55	8.99
Cash Income Taxes Paid	-0.32	39	6.60	40	-0.68	25	25	93	-0.55	3.17	11

This table presents Tyler Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,180	4,677	4,687	4,732	2,607	2,192	1,791	1,611	1,358	1,357
Total Current Assets	1,441	861	847	964	1,113	680	519	521	283	268
Cash & Equivalents	745	165	174	309	604	233	134	186	36	33
Short-Term Investments	23	10	37	52	72	39	44	43	20	13
Accounts Receivable	588	620	577	521	382	374	299	246	200	176
Prepaid Expenses	65	55	51	56	31	25	33	32	21	22
Current Deferred & Refundable Income Taxes	12	0.00	-	18	22	6.48	4.70	11	2.90	21
Other Current Assets	8.06	10	8.24	8.15	2.48	2.33	3.41	2.00	2.27	1.93
Plant, Property, & Equipment, net	164	170	173	181	168	172	155	152	124	101
Total Noncurrent Assets	3,575	3,646	3,667	3,587	1,326	1,340	1,117	938	951	987
Long-Term Investments	11	7.05	19	46	83	-	70	39	31	35
Noncurrent Note & Lease Receivables	7.15	8.99	8.27	14	21	22	16	12	2.48	2.78
Goodwill	2,532	2,532	2,489	2,360	838	840	754	658	650	654
Intangible Assets	908	996	1,050	1,081	331	379	277	230	267	295
Other Noncurrent Operating Assets	118	102	101	86	53	99	-	-	-	-
Total Liabilities & Shareholders' Equity	5,180	4,677	4,687	4,732	2,607	2,192	1,791	1,611	1,358	1,357
Total Liabilities	1,792	1,739	2,063	2,408	621	575	383	420	442	498
Total Current Liabilities	1,066	1,001	890	830	564	509	424	371	362	338
Short-Term Debt	0.00	50	30	30	0.00	-	-	-	-	-
Accounts Payable	157	146	105	120	14	15	6.91	8.17	7.30	6.79
Accrued Expenses	198	159	132	158	83	75	66	65	56	49
Current Deferred Revenue	701	633	569	511	461	412	351	299	298	282
Current Deferred & Payable Income Tax Liabilities	0.00	2.47	44	0.00	-	-	-	-	-	-
Other Current Liabilities	9.64	11	11	11	5.90	6.39	-	-	-	-
Total Noncurrent Liabilities	726	738	1,173	1,579	57	65	-41	48	81	160
Long-Term Debt	598	596	594	593	0.00	0.00	0.00	0.00	10	66
Noncurrent Deferred Revenue	22	0.29	2.04	0.04	0.10	0.20	0.42	1.27	2.14	3.12
Noncurrent Deferred & Payable Income Tax Liabilities	48	79	149	228	41	48	42	47	69	91
Other Noncurrent Operating Liabilities	58	62	428	758	16	17	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,388	2,938	2,624	2,324	1,986	1,617	1,325	1,192	916	859
Total Preferred & Common Equity	3,388	2,938	2,624	2,324	1,986	1,617	1,325	1,192	916	859
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,388	2,938	2,624	2,324	1,986	1,617	1,325	1,192	916	859
Common Stock	1,540	1,355	1,210	1,076	906	740	732	627	557	608
Retained Earnings	1,867	1,604	1,438	1,274	1,112	917	772	624	436	326
Treasury Stock	-18	-21	-23	-26	-32	-40	-179	-60	-77	-75
Accumulated Other Comprehensive Income / (Loss)	-0.16	-0.33	-0.84	-0.05	-0.05	-0.05	-0.05	-0.05	-0.05	-0.05

This table presents Tyler Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	5,192	5,180	4,997	4,819	4,609	4,677	4,637	4,636	4,556	4,687	4,675
Total Current Assets	1,467	1,441	1,239	1,042	824	861	842	857	746	847	860
Cash & Equivalents	706	745	538	251	188	165	131	119	131	174	186
Short-Term Investments	102	23	5.99	7.29	8.71	10	12	19	29	37	39
Accounts Receivable	560	588	620	701	542	620	624	639	509	577	562
Prepaid Expenses	92	65	68	77	76	55	60	71	71	51	59
Current Deferred & Refundable Income Taxes	0.00	12	-	-	-	0.00	7.63	-	-	-	7.38
Other Current Assets	7.59	8.06	6.42	6.77	8.55	10	7.29	9.51	6.74	8.24	6.61
Plant, Property, & Equipment, net	161	164	165	168	167	170	166	166	168	173	175
Total Noncurrent Assets	3,564	3,575	3,593	3,610	3,617	3,646	3,630	3,613	3,642	3,667	3,640
Long-Term Investments	3.03	11	3.88	3.88	5.49	7.05	9.55	10	15	19	23
Noncurrent Note & Lease Receivables	7.21	7.15	7.33	7.93	7.34	8.99	10	8.31	9.28	8.27	9.21
Goodwill	2,542	2,532	2,532	2,532	2,532	2,532	2,510	2,489	2,489	2,489	2,449
Intangible Assets	893	908	932	952	971	996	1,005	1,010	1,031	1,050	1,055
Other Noncurrent Operating Assets	119	118	118	113	101	102	95	95	98	101	104
Total Liabilities & Shareholders' Equity	5,192	5,180	4,997	4,819	4,609	4,677	4,637	4,636	4,556	4,687	4,675
Total Liabilities	1,679	1,792	1,721	1,687	1,586	1,739	1,785	1,867	1,870	2,063	2,128
Total Current Liabilities	1,561	1,066	1,022	987	873	1,001	909	854	835	890	812
Short-Term Debt	598	0.00	0.00	0.00	0.00	50	30	30	30	30	30
Accounts Payable	171	157	145	150	145	146	133	119	122	105	108
Accrued Expenses	128	198	161	153	106	159	134	127	105	132	134
Current Deferred Revenue	642	701	682	652	572	633	600	566	497	569	529
Current Deferred & Payable Income Tax Liabilities	13	0.00	22	20	38	2.47	0.00	1.91	69	44	-
Other Current Liabilities	9.28	9.64	11	11	11	11	12	11	11	11	11
Total Noncurrent Liabilities	118	726	700	700	713	738	876	1,013	1,034	1,173	1,316
Long-Term Debt	0.00	598	598	597	597	596	596	595	595	594	594
Noncurrent Deferred Revenue	22	22	0.00	0.00	0.00	0.29	0.73	1.16	1.60	2.04	2.47
Noncurrent Deferred & Payable Income Tax Liabilities	36	48	37	42	54	79	105	109	130	149	203
Other Noncurrent Operating Liabilities	59	58	66	61	62	62	174	307	308	428	516
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,513	3,388	3,275	3,132	3,023	2,938	2,853	2,768	2,686	2,624	2,547
Total Preferred & Common Equity	3,513	3,388	3,275	3,132	3,023	2,938	2,853	2,768	2,686	2,624	2,547
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,513	3,388	3,275	3,132	3,023	2,938	2,853	2,768	2,686	2,624	2,547
Common Stock	1,582	1,540	1,492	1,426	1,386	1,355	1,310	1,273	1,240	1,210	1,165
Retained Earnings	1,948	1,867	1,802	1,726	1,658	1,604	1,565	1,518	1,469	1,438	1,407
Treasury Stock	-17	-18	-19	-19	-20	-21	-21	-22	-22	-23	-23
Accumulated Other Comprehensive Income / (Loss)	-0.08	-0.16	-0.16	-0.22	-0.27	-0.33	-0.52	-0.79	-0.75	-0.84	-0.85

This table displays calculated financial ratios and metrics derived from Tyler Technologies' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.53%	5.49%	16.20%	42.59%	2.78%	16.16%	11.22%	10.66%	28.57%	19.86%
EBITDA Growth	18.81%	1.19%	18.25%	24.53%	10.46%	9.61%	0.36%	16.94%	44.87%	17.35%
EBIT Growth	41.57%	2.73%	18.48%	3.54%	8.77%	3.85%	-4.64%	20.49%	25.12%	14.77%
NOPAT Growth	39.77%	-2.49%	2.19%	-4.63%	34.27%	-0.64%	-14.56%	46.35%	78.49%	9.26%
Net Income Growth	58.53%	1.02%	1.72%	-17.12%	32.96%	-0.63%	-13.04%	49.14%	75.28%	10.06%
EPS Growth	55.93%	0.26%	1.31%	-18.55%	28.49%	-0.82%	-14.81%	47.95%	64.97%	6.63%
Operating Cash Flow Growth	64.19%	-0.27%	2.61%	4.69%	39.40%	1.81%	27.81%	2.03%	42.83%	-5.96%
Free Cash Flow Firm Growth	326.04%	32.17%	74.03%	-464.05%	346.43%	-1,572.60%	-109.05%	-30.74%	118.50%	-771.48%
Invested Capital Growth	-5.69%	12.64%	18.93%	106.81%	-8.72%	25.01%	16.42%	10.23%	-0.54%	548.06%
Revenue Q/Q Growth	2.90%	1.49%	1.02%	10.42%	31.82%	-17.36%	2.67%	2.51%	5.29%	5.63%
EBITDA Q/Q Growth	4.87%	1.33%	2.84%	8.69%	2.30%	6.09%	-1.23%	2.47%	16.58%	-0.09%
EBIT Q/Q Growth	10.41%	3.10%	-2.98%	-0.45%	-0.37%	6.38%	-3.20%	2.37%	19.47%	-3.93%
NOPAT Q/Q Growth	8.18%	2.41%	-11.12%	3.63%	5.28%	10.65%	-19.22%	21.60%	29.96%	-9.05%
Net Income Q/Q Growth	11.12%	4.95%	-12.61%	0.43%	3.90%	11.61%	-19.02%	22.51%	30.27%	-9.36%
EPS Q/Q Growth	10.60%	4.58%	-12.64%	0.00%	2.85%	10.94%	-19.30%	22.38%	29.78%	-10.61%
Operating Cash Flow Q/Q Growth	14.13%	7.20%	1.83%	7.60%	3.67%	2.14%	7.51%	0.81%	-6.17%	14.20%
Free Cash Flow Firm Q/Q Growth	88.84%	11.27%	-44.47%	-11.81%	173.96%	-255.04%	79.75%	-22.14%	119.82%	-1,139.56%
Invested Capital Q/Q Growth	-3.51%	2.26%	3.29%	1.17%	-7.27%	7.24%	-1.22%	5.80%	-0.35%	472.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.77%	44.12%	42.37%	44.57%	48.58%	47.58%	47.00%	47.49%	47.27%	46.90%
EBITDA Margin	21.82%	20.12%	20.97%	20.61%	23.60%	21.96%	23.27%	25.79%	24.40%	21.66%
Operating Margin	14.01%	11.20%	11.58%	11.35%	15.49%	14.39%	16.30%	19.36%	18.12%	18.28%
EBIT Margin	14.69%	11.37%	11.67%	11.45%	15.77%	14.90%	16.67%	19.44%	17.85%	18.35%
Profit (Net Income) Margin	12.30%	8.50%	8.88%	10.14%	17.45%	13.49%	15.77%	20.17%	14.96%	10.98%
Tax Burden Percent	85.35%	83.70%	87.55%	101.56%	111.30%	91.67%	94.61%	103.74%	83.81%	59.83%
Interest Burden Percent	98.11%	89.35%	86.86%	87.22%	99.42%	98.75%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	14.65%	16.30%	12.45%	-1.56%	-11.30%	8.33%	5.39%	-3.74%	16.19%	40.17%
Return on Invested Capital (ROIC)	7.74%	5.70%	6.75%	9.75%	14.96%	11.84%	14.43%	19.16%	13.72%	13.29%
ROIC Less NNEP Spread (ROIC-NNEP)	12.96%	1.74%	-0.90%	17.88%	14.51%	10.62%	13.19%	18.74%	17.32%	13.08%
Return on Net Nonoperating Assets (RNNOA)	0.58%	0.27%	-0.11%	-2.25%	-4.15%	-1.88%	-2.71%	-3.07%	-0.91%	-2.44%
Return on Equity (ROE)	8.32%	5.97%	6.64%	7.49%	10.81%	9.96%	11.72%	16.09%	12.82%	10.85%
Cash Return on Invested Capital (CROIC)	13.59%	-6.19%	-10.54%	-59.88%	24.08%	-10.39%	-0.75%	9.43%	14.27%	-133.24%
Operating Return on Assets (OROA)	6.37%	4.74%	4.59%	4.97%	7.34%	8.13%	9.16%	11.01%	10.00%	11.26%
Return on Assets (ROA)	5.34%	3.54%	3.49%	4.40%	8.12%	7.36%	8.67%	11.42%	8.38%	6.73%
Return on Common Equity (ROCE)	8.32%	5.97%	6.64%	7.49%	10.81%	9.96%	11.72%	16.09%	12.82%	10.85%
Return on Equity Simple (ROE_SIMPLE)	7.76%	5.65%	6.26%	6.95%	9.81%	9.06%	11.13%	14.23%	12.42%	7.55%
Net Operating Profit after Tax (NOPAT)	256	183	188	184	192	143	144	169	115	65
NOPAT Margin	11.96%	9.37%	10.14%	11.53%	17.24%	13.19%	15.42%	20.08%	15.18%	10.94%
Net Nonoperating Expense Percent (NNEP)	-5.23%	3.96%	7.65%	-8.13%	0.46%	1.22%	1.24%	0.42%	-3.60%	0.20%
Return On Investment Capital (ROIC_SIMPLE)	6.41%	5.10%	5.77%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	56.23%	55.88%	57.63%	55.43%	51.42%	52.42%	53.00%	52.51%	52.73%	53.10%
SG&A Expenses to Revenue	14.08%	15.81%	14.45%	17.08%	14.43%	23.72%	22.20%	20.92%	21.74%	22.56%
R&D to Revenue	5.52%	5.61%	5.69%	5.87%	7.91%	7.49%	6.76%	5.63%	5.69%	5.06%
Operating Expenses to Revenue	29.76%	32.92%	30.79%	33.22%	33.10%	33.19%	30.70%	28.14%	29.16%	28.62%
Earnings before Interest and Taxes (EBIT)	314	222	216	182	176	162	156	163	136	108
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	466	393	388	328	263	239	218	217	185	128
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.32	6.02	5.14	9.57	8.92	7.31	5.39	5.54	5.74	6.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	21.69	29.70	24.28	21.70	0.00	0.00
Price to Revenue (P/Rev)	11.60	9.06	7.29	13.97	15.86	10.88	7.64	7.85	6.92	10.07
Price to Earnings (P/E)	94.30	106.54	82.09	137.77	90.92	80.66	48.45	38.92	46.24	91.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.06%	0.94%	1.22%	0.73%	1.10%	1.24%	2.06%	2.57%	2.16%	1.09%
Enterprise Value to Invested Capital (EV/IC)	7.68	5.33	4.60	8.85	13.81	8.59	6.41	6.85	6.18	7.04
Enterprise Value to Revenue (EV/Rev)	11.52	9.29	7.50	14.10	15.18	10.63	7.37	7.53	6.82	10.04
Enterprise Value to EBITDA (EV/EBITDA)	52.79	46.20	35.77	68.45	64.34	48.41	31.68	29.20	27.94	46.37
Enterprise Value to EBIT (EV/EBIT)	78.39	81.76	64.26	123.21	96.30	71.34	44.24	38.74	38.19	54.74
Enterprise Value to NOPAT (EV/NOPAT)	96.31	99.17	73.99	122.36	88.09	80.56	47.79	37.50	44.90	91.81
Enterprise Value to Operating Cash Flow (EV/OCF)	39.42	47.68	36.38	60.41	47.75	45.33	27.56	32.34	27.00	44.18
Enterprise Value to Free Cash Flow (EV/FCFF)	54.83	0.00	0.00	0.00	54.73	0.00	0.00	76.22	43.19	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.22	0.24	0.27	0.00	0.00	0.00	0.00	0.01	0.08
Long-Term Debt to Equity	0.18	0.20	0.23	0.26	0.00	0.00	0.00	0.00	0.01	0.08
Financial Leverage	0.04	0.15	0.12	-0.13	-0.29	-0.18	-0.21	-0.16	-0.05	-0.19
Leverage Ratio	1.56	1.68	1.90	1.70	1.33	1.35	1.35	1.41	1.53	1.61
Compound Leverage Factor	1.53	1.50	1.65	1.49	1.32	1.34	1.35	1.41	1.53	1.61
Debt to Total Capital	15.00%	18.02%	19.22%	21.13%	0.00%	0.00%	0.00%	0.00%	1.08%	7.14%
Short-Term Debt to Total Capital	0.00%	1.39%	0.92%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.00%	16.64%	18.30%	20.12%	0.00%	0.00%	0.00%	0.00%	1.08%	7.14%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.00%	81.98%	80.78%	78.87%	100.00%	100.00%	100.00%	100.00%	98.92%	92.86%
Debt to EBITDA	1.28	1.65	1.61	1.90	0.00	0.00	0.00	0.00	0.05	0.52
Net Debt to EBITDA	-0.39	1.18	1.02	0.66	0.00	0.00	0.00	0.00	-0.42	-0.12
Long-Term Debt to EBITDA	1.28	1.52	1.53	1.81	0.00	0.00	0.00	0.00	0.05	0.52
Debt to NOPAT	2.34	3.53	3.33	3.39	0.00	0.00	0.00	0.00	0.09	1.02
Net Debt to NOPAT	-0.71	2.53	2.11	1.17	0.00	0.00	0.00	0.00	-0.67	-0.25
Long-Term Debt to NOPAT	2.34	3.26	3.17	3.23	0.00	0.00	0.00	0.00	0.09	1.02
Altman Z-Score	9.51	7.12	4.89	6.42	18.61	13.76	12.68	10.95	8.40	8.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	0.86	0.95	1.16	1.97	1.34	1.22	1.40	0.78	0.79
Quick Ratio	1.27	0.79	0.89	1.06	1.88	1.27	1.13	1.28	0.71	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	449	-199	-293	-1,128	310	-126	-7.52	83	120	-648
Operating Cash Flow to CapEx	1,250.87%	717.69%	760.61%	668.48%	1,247.41%	605.90%	912.35%	454.64%	508.56%	1,074.53%
Free Cash Flow to Firm to Interest Expense	75.72	-8.41	-10.32	-48.41	305.81	-62.02	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	105.32	16.10	13.44	15.96	350.53	125.66	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	96.90	13.86	11.67	13.57	322.43	104.92	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.42	0.39	0.43	0.47	0.55	0.55	0.57	0.56	0.61
Accounts Receivable Turnover	3.54	3.26	3.37	3.53	2.95	3.23	3.43	3.77	4.03	4.09
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.82	11.40	10.45	9.12	6.57	6.64	6.08	6.08	6.74	7.08
Accounts Payable Turnover	7.93	8.69	9.49	13.17	39.61	52.04	65.73	57.08	56.90	57.54
Days Sales Outstanding (DSO)	103.07	111.92	108.34	103.54	123.62	113.05	106.36	96.91	90.47	89.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	46.03	42.03	38.47	27.71	9.21	7.01	5.55	6.39	6.41	6.34
Cash Conversion Cycle (CCC)	57.04	69.90	69.86	75.83	114.41	106.04	100.81	90.51	84.06	82.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,208	3,401	3,019	2,539	1,228	1,345	1,076	924	838	843
Invested Capital Turnover	0.65	0.61	0.67	0.85	0.87	0.90	0.94	0.95	0.90	1.21
Increase / (Decrease) in Invested Capital	-193	382	481	1,311	-117	269	152	86	-4.57	713
Enterprise Value (EV)	24,623	18,140	13,878	22,459	16,954	11,548	6,895	6,332	5,181	5,935
Market Capitalization	24,803	17,676	13,483	22,244	17,713	11,820	7,144	6,599	5,258	5,951
Book Value per Share	$79.17	$69.75	$63.03	$56.72	$49.25	$41.48	$34.13	$31.72	$25.00	$25.31
Tangible Book Value per Share	($1.20)	($14.01)	($21.98)	($27.25)	$20.25	$10.21	$7.58	$8.10	($0.05)	($2.66)
Total Capital	3,986	3,584	3,249	2,947	1,986	1,617	1,325	1,192	926	925
Total Debt	598	646	624	623	0.00	0.00	0.00	0.00	10	66
Total Long-Term Debt	598	596	594	593	0.00	0.00	0.00	0.00	10	66
Net Debt	-181	463	395	215	-758	-272	-249	-268	-77	-16
Capital Expenditures (CapEx)	50	53	50	56	28	42	27	43	38	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-393	-267	-223	-197	-127	-101	-84	-80	-135	-116
Debt-free Net Working Capital (DFNWC)	375	-91	-12	165	549	171	95	149	-79	-69
Net Working Capital (NWC)	375	-141	-42	135	549	171	95	149	-79	-69
Net Nonoperating Expense (NNE)	-7.38	17	23	22	-2.36	-3.18	-3.20	-0.72	1.67	-0.23
Net Nonoperating Obligations (NNO)	-181	463	395	215	-758	-272	-249	-268	-77	-16
Total Depreciation and Amortization (D&A)	152	171	172	146	87	77	62	53	50	20
Debt-free, Cash-free Net Working Capital to Revenue	-18.37%	-13.66%	-12.07%	-12.35%	-11.37%	-9.34%	-8.94%	-9.48%	-17.76%	-19.60%
Debt-free Net Working Capital to Revenue	17.55%	-4.65%	-0.67%	10.35%	49.15%	15.70%	10.15%	17.76%	-10.34%	-11.74%
Net Working Capital to Revenue	17.55%	-7.20%	-2.29%	8.47%	49.15%	15.70%	10.15%	17.76%	-10.34%	-11.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.17	$3.95	$3.95	$3.95	$4.87	$3.79	$3.84	$4.40	$3.01	$1.90
Adjusted Weighted Average Basic Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.29M	37.90M	36.83M	36.57M
Adjusted Diluted Earnings per Share	$6.05	$3.88	$3.87	$3.82	$4.69	$3.65	$3.68	$4.18	$2.82	$1.77
Adjusted Weighted Average Diluted Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.29M	37.90M	36.83M	36.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.01M	42.28M	41.82M	41.35M	40.58M	39.40M	38.29M	37.90M	36.83M	36.57M
Normalized Net Operating Profit after Tax (NOPAT)	256	183	188	127	121	143	144	114	115	65
Normalized NOPAT Margin	11.96%	9.37%	10.14%	7.95%	10.84%	13.19%	15.42%	13.55%	15.18%	10.94%
Pre Tax Income Margin	14.42%	10.16%	10.14%	9.98%	15.68%	14.71%	16.67%	19.44%	17.85%	18.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	52.96	9.39	7.61	7.82	173.80	79.85	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	43.10	7.74	6.61	7.88	190.00	70.72	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	44.54	7.15	5.84	5.44	145.70	59.11	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	34.68	5.50	4.84	5.49	161.89	49.98	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	8.04%	7.95%	12.14%	99.38%	4.41%	98.36%	0.99%

This table displays calculated financial ratios and metrics derived from Tyler Technologies' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.31%	12.52%	9.84%	7.28%	8.58%	6.35%	4.54%	7.59%	3.45%	4.31%	2.90%
EBITDA Growth	19.74%	23.36%	14.14%	13.10%	26.43%	5.87%	2.44%	6.42%	-9.56%	1.70%	13.63%
EBIT Growth	40.27%	61.21%	34.93%	27.83%	48.88%	16.00%	6.03%	9.73%	-17.79%	-13.70%	7.80%
NOPAT Growth	39.31%	46.40%	43.12%	24.07%	51.10%	10.55%	-18.52%	21.25%	-17.05%	-38.01%	29.27%
Net Income Growth	49.63%	67.65%	61.45%	37.88%	75.45%	25.18%	-11.69%	22.99%	-22.78%	-43.27%	20.52%
EPS Growth	46.03%	64.44%	58.18%	36.52%	72.60%	23.29%	-12.70%	22.34%	-22.34%	-43.41%	21.15%
Operating Cash Flow Growth	-21.83%	52.47%	48.58%	435.20%	-3.84%	20.98%	37.19%	-125.02%	39.54%	5.95%	-37.01%
Free Cash Flow Firm Growth	185.18%	174.81%	121.20%	63.52%	45.20%	23.23%	-0.09%	-87.06%	68.33%	64.59%	69.12%
Invested Capital Growth	-3.42%	-5.69%	-0.05%	6.83%	8.94%	12.64%	13.77%	17.26%	16.68%	18.93%	16.49%
Revenue Q/Q Growth	4.44%	-0.41%	0.44%	5.59%	6.53%	-2.78%	-1.90%	6.87%	4.34%	-4.43%	0.96%
EBITDA Q/Q Growth	16.68%	-7.96%	6.75%	4.45%	20.20%	-14.84%	5.77%	16.76%	0.65%	-17.59%	9.88%
EBIT Q/Q Growth	23.72%	-10.65%	9.28%	16.12%	42.20%	-25.22%	3.53%	35.24%	10.79%	-31.65%	7.15%
NOPAT Q/Q Growth	24.54%	-16.59%	8.66%	23.42%	30.87%	-18.46%	-5.80%	50.30%	-4.25%	-39.90%	40.18%
Net Income Q/Q Growth	24.27%	-14.07%	12.04%	25.05%	39.24%	-17.25%	-4.31%	59.13%	-0.65%	-41.62%	33.26%
EPS Q/Q Growth	24.32%	-14.94%	10.83%	24.60%	40.00%	-18.18%	-4.35%	57.53%	0.00%	-42.06%	34.04%
Operating Cash Flow Q/Q Growth	-75.02%	-14.77%	310.11%	-10.49%	-51.27%	-16.95%	1,025.23%	-125.68%	-38.69%	-5.81%	68.73%
Free Cash Flow Firm Q/Q Growth	-24.30%	241.29%	148.25%	31.66%	33.52%	3.27%	17.00%	-2.68%	6.87%	-26.10%	-55.13%
Invested Capital Q/Q Growth	2.90%	-3.51%	-4.12%	1.46%	0.48%	2.26%	2.48%	3.47%	3.89%	3.29%	5.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.26%	43.76%	43.70%	43.96%	43.65%	44.27%	45.52%	44.26%	42.35%	42.75%	43.25%
EBITDA Margin	23.61%	21.13%	22.87%	21.52%	21.75%	19.28%	22.01%	20.41%	18.68%	19.37%	22.46%
Operating Margin	15.78%	13.25%	15.24%	14.42%	13.07%	9.93%	12.92%	12.27%	9.53%	9.00%	12.87%
EBIT Margin	17.08%	14.42%	16.07%	14.77%	13.43%	10.06%	13.08%	12.40%	9.80%	9.23%	12.90%
Profit (Net Income) Margin	14.34%	12.05%	13.97%	12.52%	10.57%	8.09%	9.50%	9.74%	6.54%	6.87%	11.25%
Tax Burden Percent	85.06%	84.96%	88.15%	86.11%	81.29%	87.13%	79.80%	87.53%	80.11%	92.44%	102.79%
Interest Burden Percent	98.71%	98.39%	98.59%	98.43%	96.83%	92.25%	91.03%	89.78%	83.38%	80.58%	84.83%
Effective Tax Rate	14.94%	15.04%	11.85%	13.89%	18.71%	12.87%	20.20%	12.47%	19.89%	7.56%	-2.79%
Return on Invested Capital (ROIC)	8.75%	7.28%	8.40%	7.51%	6.46%	5.26%	6.35%	6.79%	4.89%	5.54%	8.92%
ROIC Less NNEP Spread (ROIC-NNEP)	14.47%	10.34%	9.50%	7.64%	6.40%	4.63%	5.40%	5.51%	3.52%	3.39%	6.18%
Return on Net Nonoperating Assets (RNNOA)	0.40%	0.46%	0.81%	1.05%	0.95%	0.71%	0.85%	0.83%	0.52%	0.42%	0.89%
Return on Equity (ROE)	9.16%	7.74%	9.21%	8.56%	7.41%	5.97%	7.20%	7.62%	5.41%	5.96%	9.81%
Cash Return on Invested Capital (CROIC)	11.72%	13.59%	7.15%	-0.22%	-2.42%	-6.19%	-7.17%	-9.56%	-9.20%	-10.54%	-7.46%
Operating Return on Assets (OROA)	7.64%	6.25%	6.93%	6.34%	5.84%	4.20%	5.40%	5.00%	3.94%	3.62%	5.05%
Return on Assets (ROA)	6.41%	5.23%	6.02%	5.37%	4.60%	3.37%	3.92%	3.93%	2.63%	2.70%	4.40%
Return on Common Equity (ROCE)	9.16%	7.74%	9.21%	8.56%	7.41%	5.97%	7.20%	7.62%	5.41%	5.96%	9.81%
Return on Equity Simple (ROE_SIMPLE)	8.25%	0.00%	7.23%	6.64%	6.26%	0.00%	5.54%	5.94%	5.78%	0.00%	7.38%
Net Operating Profit after Tax (NOPAT)	76	61	73	67	54	42	51	54	36	38	63
NOPAT Margin	13.42%	11.26%	13.44%	12.42%	10.63%	8.65%	10.31%	10.74%	7.64%	8.32%	13.23%
Net Nonoperating Expense Percent (NNEP)	-5.71%	-3.06%	-1.10%	-0.13%	0.07%	0.63%	0.94%	1.28%	1.37%	2.15%	2.74%
Return On Investment Capital (ROIC_SIMPLE)	1.85%	1.53%	-	-	-	1.16%	-	-	-	1.16%	-
Cost of Revenue to Revenue	52.74%	56.24%	56.30%	56.04%	56.35%	55.73%	54.48%	55.74%	57.65%	57.25%	56.75%
SG&A Expenses to Revenue	14.06%	14.85%	13.34%	13.94%	14.19%	16.64%	15.87%	15.40%	15.34%	14.79%	14.78%
R&D to Revenue	8.47%	5.44%	5.54%	5.35%	5.74%	5.44%	5.72%	5.58%	5.72%	7.22%	5.32%
Operating Expenses to Revenue	31.48%	30.52%	28.46%	29.54%	30.58%	34.35%	32.59%	31.99%	32.82%	33.75%	30.38%
Earnings before Interest and Taxes (EBIT)	97	78	87	80	69	48	65	63	46	42	61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	133	114	124	116	111	93	109	103	88	88	106
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.14	7.32	7.63	6.85	5.97	6.02	5.70	6.33	5.54	5.14	5.68
Price to Tangible Book Value (P/TBV)	321.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	11.45	11.60	12.02	10.57	9.06	9.06	8.46	9.22	7.97	7.29	7.90
Price to Earnings (P/E)	86.48	94.30	105.54	103.24	95.36	106.54	102.89	106.65	95.84	82.09	76.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.16%	1.06%	0.95%	0.97%	1.05%	0.94%	0.97%	0.94%	1.04%	1.22%	1.30%
Enterprise Value to Invested Capital (EV/IC)	7.53	7.68	7.53	6.28	5.40	5.33	5.03	5.55	4.88	4.60	5.08
Enterprise Value to Revenue (EV/Rev)	11.35	11.52	12.05	10.74	9.25	9.29	8.70	9.47	8.21	7.50	8.11
Enterprise Value to EBITDA (EV/EBITDA)	50.89	52.79	56.28	50.74	44.33	46.20	43.20	46.77	40.45	35.77	39.35
Enterprise Value to EBIT (EV/EBIT)	72.73	78.39	87.99	83.21	75.42	81.76	77.79	85.11	74.38	64.26	66.69
Enterprise Value to NOPAT (EV/NOPAT)	89.77	96.31	105.93	101.65	91.69	99.17	93.72	94.63	84.84	73.99	70.34
Enterprise Value to Operating Cash Flow (EV/OCF)	40.82	39.42	45.74	47.26	48.83	47.68	47.17	58.68	38.05	36.38	39.63
Enterprise Value to Free Cash Flow (EV/FCFF)	63.16	54.83	105.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.18	0.18	0.19	0.20	0.22	0.22	0.23	0.23	0.24	0.25
Long-Term Debt to Equity	0.00	0.18	0.18	0.19	0.20	0.20	0.21	0.22	0.22	0.23	0.23
Financial Leverage	0.03	0.04	0.09	0.14	0.15	0.15	0.16	0.15	0.15	0.12	0.14
Leverage Ratio	1.50	1.56	1.57	1.60	1.61	1.68	1.72	1.80	1.83	1.90	1.97
Compound Leverage Factor	1.48	1.53	1.55	1.58	1.55	1.55	1.57	1.62	1.52	1.53	1.67
Debt to Total Capital	14.56%	15.00%	15.43%	16.01%	16.48%	18.02%	17.99%	18.43%	18.87%	19.22%	19.68%
Short-Term Debt to Total Capital	14.56%	0.00%	0.00%	0.00%	0.00%	1.39%	0.86%	0.88%	0.91%	0.92%	0.95%
Long-Term Debt to Total Capital	0.00%	15.00%	15.43%	16.01%	16.48%	16.64%	17.13%	17.54%	17.97%	18.30%	18.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.45%	85.00%	84.57%	83.99%	83.52%	81.98%	82.01%	81.57%	81.13%	80.78%	80.32%
Debt to EBITDA	1.23	1.28	1.34	1.39	1.43	1.65	1.61	1.62	1.65	1.61	1.65
Net Debt to EBITDA	-0.43	-0.39	0.11	0.78	0.95	1.18	1.22	1.24	1.19	1.02	1.00
Long-Term Debt to EBITDA	0.00	1.28	1.34	1.39	1.43	1.52	1.54	1.55	1.57	1.53	1.57
Debt to NOPAT	2.16	2.34	2.53	2.79	2.97	3.53	3.50	3.29	3.46	3.33	2.96
Net Debt to NOPAT	-0.77	-0.71	0.21	1.56	1.96	2.53	2.65	2.51	2.50	2.11	1.78
Long-Term Debt to NOPAT	0.00	2.34	2.53	2.79	2.97	3.26	3.34	3.13	3.29	3.17	2.81
Altman Z-Score	9.94	9.36	9.74	8.62	7.80	7.00	6.38	6.54	5.64	4.76	4.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	1.35	1.21	1.06	0.94	0.86	0.93	1.00	0.89	0.95	1.06
Quick Ratio	0.88	1.27	1.14	0.97	0.85	0.79	0.84	0.91	0.80	0.89	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	193	254	75	-154	-226	-340	-352	-423	-412	-443	-351
Operating Cash Flow to CapEx	712.21%	2,557.16%	2,441.14%	410.23%	489.77%	1,129.13%	1,196.87%	-136.79%	673.11%	1,703.58%	939.02%
Free Cash Flow to Firm to Interest Expense	154.54	202.04	60.35	-123.29	-103.50	-90.67	-60.52	-66.31	-53.68	-54.66	-37.93
Operating Cash Flow to Interest Expense	45.07	178.53	213.54	51.32	32.89	39.31	30.56	-3.00	9.72	15.04	13.97
Operating Cash Flow Less CapEx to Interest Expense	38.74	171.55	204.79	38.81	26.18	35.83	28.01	-5.20	8.28	14.16	12.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.43	0.43	0.43	0.43	0.42	0.41	0.40	0.40	0.39	0.39
Accounts Receivable Turnover	3.97	3.54	3.34	3.03	3.79	3.26	3.24	3.08	3.70	3.37	3.33
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.35	12.82	12.55	12.17	11.90	11.40	11.28	11.07	10.81	10.45	10.41
Accounts Payable Turnover	7.66	7.93	8.39	8.40	8.28	8.69	8.98	8.66	8.58	9.49	10.10
Days Sales Outstanding (DSO)	91.83	103.07	109.20	120.49	96.29	111.92	112.50	118.65	98.77	108.34	109.60
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	47.65	46.03	43.53	43.46	44.09	42.03	40.63	42.15	42.56	38.47	36.14
Cash Conversion Cycle (CCC)	44.18	57.04	65.67	77.03	52.20	69.90	71.87	76.51	56.21	69.86	73.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,301	3,208	3,324	3,467	3,417	3,401	3,326	3,246	3,137	3,019	2,923
Invested Capital Turnover	0.65	0.65	0.62	0.60	0.61	0.61	0.62	0.63	0.64	0.67	0.67
Increase / (Decrease) in Invested Capital	-117	-193	-1.52	222	280	382	403	478	448	481	414
Enterprise Value (EV)	24,860	24,623	25,032	21,790	18,438	18,140	16,739	18,002	15,319	13,878	14,846
Market Capitalization	25,072	24,803	24,982	21,455	18,044	17,676	16,266	17,524	14,868	13,483	14,470
Book Value per Share	$81.66	$79.17	$76.75	$73.77	$71.21	$69.75	$67.80	$66.03	$64.23	$63.03	$61.26
Tangible Book Value per Share	$1.81	($1.20)	($4.41)	($8.29)	($11.31)	($14.01)	($15.74)	($17.44)	($19.94)	($21.98)	($23.02)
Total Capital	4,111	3,986	3,873	3,729	3,620	3,584	3,479	3,394	3,311	3,249	3,171
Total Debt	598	598	598	597	597	646	626	625	625	624	624
Total Long-Term Debt	0.00	598	598	597	597	596	596	595	595	594	594
Net Debt	-212	-181	49	335	394	463	473	477	451	395	376
Capital Expenditures (CapEx)	7.89	8.79	11	16	15	13	15	14	11	7.15	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-303	-393	-327	-203	-245	-267	-180	-105	-219	-223	-147
Debt-free Net Working Capital (DFNWC)	504	375	217	55	-49	-91	-37	33	-59	-12	78
Net Working Capital (NWC)	-94	375	217	55	-49	-141	-67	2.66	-89	-42	48
Net Nonoperating Expense (NNE)	-5.20	-4.32	-2.88	-0.54	0.28	2.70	4.01	5.03	5.16	6.55	9.38
Net Nonoperating Obligations (NNO)	-212	-181	49	335	394	463	473	477	451	395	376
Total Depreciation and Amortization (D&A)	37	36	37	36	43	44	44	40	42	46	45
Debt-free, Cash-free Net Working Capital to Revenue	-13.85%	-18.37%	-15.76%	-10.01%	-12.32%	-13.66%	-9.37%	-5.53%	-11.74%	-12.07%	-8.05%
Debt-free Net Working Capital to Revenue	23.01%	17.55%	10.44%	2.71%	-2.43%	-4.65%	-1.93%	1.72%	-3.18%	-0.67%	4.25%
Net Working Capital to Revenue	-4.31%	17.55%	10.44%	2.71%	-2.43%	-7.20%	-3.49%	0.14%	-4.79%	-2.29%	2.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.88	$1.52	$1.78	$1.59	$1.28	$0.92	$1.12	$1.17	$0.74	$0.74	$1.28
Adjusted Weighted Average Basic Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M
Adjusted Diluted Earnings per Share	$1.84	$1.48	$1.74	$1.57	$1.26	$0.90	$1.10	$1.15	$0.73	$0.73	$1.26
Adjusted Weighted Average Diluted Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.12M	43.01M	42.80M	42.67M	42.46M	42.28M	42.12M	42.08M	41.93M	41.82M	41.64M
Normalized Net Operating Profit after Tax (NOPAT)	76	61	73	67	54	42	51	54	36	38	43
Normalized NOPAT Margin	13.42%	11.26%	13.44%	12.42%	10.63%	8.65%	10.31%	10.74%	7.64%	8.32%	9.01%
Pre Tax Income Margin	16.86%	14.19%	15.85%	14.54%	13.01%	9.28%	11.91%	11.13%	8.17%	7.43%	10.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	77.48	61.97	70.71	63.78	31.51	12.91	11.14	9.79	6.02	5.15	6.59
NOPAT to Interest Expense	60.87	48.38	59.12	53.63	24.93	11.09	8.78	8.48	4.69	4.64	6.76
EBIT Less CapEx to Interest Expense	71.15	54.99	61.97	51.27	24.80	9.43	8.59	7.59	4.57	4.27	5.11
NOPAT Less CapEx to Interest Expense	54.55	41.39	50.37	41.12	18.21	7.61	6.23	6.28	3.24	3.76	5.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Tyler Technologies' Financials

When does Tyler Technologies's fiscal year end?

According to the most recent income statement we have on file, Tyler Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Tyler Technologies' net income changed over the last 9 years?

Tyler Technologies' net income appears to be on an upward trend, with a most recent value of $263.03 million in 2024, rising from $64.87 million in 2015. The previous period was $165.92 million in 2023. See where experts think Tyler Technologies is headed by visiting Tyler Technologies' forecast page.

What is Tyler Technologies's operating income?

Tyler Technologies's total operating income in 2024 was $299.53 million, based on the following breakdown:

Total Gross Profit: $935.76 million
Total Operating Expenses: $636.24 million

How has Tyler Technologies revenue changed over the last 9 years?

Over the last 9 years, Tyler Technologies' total revenue changed from $591.02 million in 2015 to $2.14 billion in 2024, a change of 261.7%.

How much debt does Tyler Technologies have?

Tyler Technologies' total liabilities were at $1.79 billion at the end of 2024, a 3.0% increase from 2023, and a 260.0% increase since 2015.

How much cash does Tyler Technologies have?

In the past 9 years, Tyler Technologies' cash and equivalents has ranged from $33.09 million in 2015 to $744.72 million in 2024, and is currently $744.72 million as of their latest financial filing in 2024.

How has Tyler Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Tyler Technologies' book value per share changed from 25.31 in 2015 to 79.17 in 2024, a change of 212.9%.

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This page (NYSE:TYL) was last updated on 5/31/2025 by MarketBeat.com Staff

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Tyler Technologies (TYL) Financials

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Tyler Technologies (TYL) Financials

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