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Tyler Technologies (TYL) Financials

Tyler Technologies logo
$311.98 +3.24 (+1.05%)
As of 01:58 PM Eastern
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Annual Income Statements for Tyler Technologies

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 65 114 170 147 147 195 161 164 166 263 316
Consolidated Net Income / (Loss)		 65 114 170 147 147 195 161 164 166 263 316
Net Income / (Loss) Continuing Operations		 65 114 170 147 147 195 161 164 166 263 316
Total Pre-Tax Income 		108 136 163 156 160 175 159 188 198 308 390
Total Operating Income		 108 138 163 152 156 173 181 214 219 300 358
Total Gross Profit		 277 359 399 440 517 543 710 784 861 936 1,084
Total Revenue		 591 760 841 935 1,086 1,117 1,592 1,850 1,952 2,138 2,332
Operating Revenue		 591 760 841 935 1,086 1,117 1,592 1,850 1,952 2,138 2,332
Total Cost of Revenue		 314 401 442 496 570 574 883 1,066 1,091 1,202 1,249
Operating Cost of Revenue		 314 401 442 496 570 574 883 1,066 1,091 1,202 1,249
Total Operating Expenses		 169 222 237 287 361 370 529 570 643 636 726
Selling, General & Admin Expense		 133 165 176 208 258 161 272 267 309 301 316
Marketing Expense		 - - - - - 98 119 136 150 158 149
Research & Development Expense		 30 43 47 63 81 88 93 105 110 118 205
Amortization Expense		 5.91 13 13 16 21 22 45 61 75 60 56
Total Other Income / (Expense), net		 0.38 -2.00 0.70 3.38 3.47 2.12 -22 -27 -20 8.64 33
Interest Expense		 - - - - 2.03 1.01 23 28 24 5.93 5.00
Other Income / (Expense), net		 0.38 -2.00 0.70 3.38 5.50 3.13 1.54 1.72 3.33 15 38
Income Tax Expense		 44 22 -6.12 8.41 13 -20 -2.48 23 32 45 75
Basic Earnings per Share		 $1.90 $3.12 $4.55 $3.84 $3.79 $4.87 $3.95 $3.95 $3.95 $6.17 $7.32
Weighted Average Basic Shares Outstanding		 34.14M 36.83M 37.27M 38.45M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M
Diluted Earnings per Share		 $1.77 $2.92 $4.32 $3.68 $3.65 $4.69 $3.82 $3.87 $3.88 $6.05 $7.20
Weighted Average Diluted Shares Outstanding		 34.14M 36.83M 37.27M 38.45M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M
Weighted Average Basic & Diluted Shares Outstanding		 34.14M 36.83M 37.27M 38.45M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M

Quarterly Income Statements for Tyler Technologies

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 47 39 54 68 76 65 81 85 84 66 81
Consolidated Net Income / (Loss)		 47 39 54 68 76 65 81 85 84 66 81
Net Income / (Loss) Continuing Operations		 47 39 54 68 76 65 81 85 84 66 81
Total Pre-Tax Income 		59 45 67 79 86 77 95 103 108 85 106
Total Operating Income		 64 48 67 78 83 72 89 96 98 75 100
Total Gross Profit		 225 213 224 238 237 237 267 273 281 262 296
Total Revenue		 495 481 512 541 543 541 565 596 596 575 614
Operating Revenue		 495 481 512 541 543 541 565 596 596 575 614
Total Cost of Revenue		 270 268 289 303 306 304 298 323 314 313 317
Operating Cost of Revenue		 270 268 289 303 306 304 298 323 314 313 317
Total Operating Expenses		 161 165 157 160 155 165 178 178 184 187 197
Selling, General & Admin Expense		 79 80 73 75 72 80 79 77 80 80 84
Marketing Expense		 36 40 36 42 38 42 36 36 38 38 39
Research & Development Expense		 28 26 29 29 30 29 48 51 52 54 60
Amortization Expense		 19 19 18 14 14 14 14 14 14 14 14
Total Other Income / (Expense), net		 -5.02 -3.10 -0.34 0.63 3.27 5.08 6.12 6.92 9.62 9.99 6.61
Interest Expense		 5.81 3.75 2.18 1.25 1.24 1.26 1.25 1.26 1.24 1.25 1.07
Other Income / (Expense), net		 0.79 0.65 1.85 1.88 4.50 6.34 7.36 8.18 11 11 7.68
Income Tax Expense		 12 5.75 12 11 10 12 14 18 23 19 25
Basic Earnings per Share		 $1.12 $0.92 $1.28 $1.59 $1.78 $1.52 $1.88 $1.96 $1.96 $1.52 $1.90
Weighted Average Basic Shares Outstanding		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M
Diluted Earnings per Share		 $1.10 $0.90 $1.26 $1.57 $1.74 $1.48 $1.84 $1.93 $1.93 $1.50 $1.88
Weighted Average Diluted Shares Outstanding		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M
Weighted Average Basic & Diluted Shares Outstanding		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M

Annual Cash Flow Statements for Tyler Technologies

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -173 3.06 150 -52 98 371 -294 -135 -8.36 579 271
Net Cash From Operating Activities		 134 192 196 250 255 355 372 381 380 625 654
Net Cash From Continuing Operating Activities		 134 192 196 250 255 355 372 381 380 625 654
Net Income / (Loss) Continuing Operations		 65 114 170 147 147 195 161 164 166 263 316
Consolidated Net Income / (Loss)		 65 114 170 147 147 195 161 164 166 263 316
Depreciation Expense		 20 50 53 62 77 82 136 159 154 143 138
Amortization Expense		 - - - - - 5.78 10 13 17 8.93 9.51
Non-Cash Adjustments To Reconcile Net Income		 22 34 39 52 67 71 108 106 117 118 166
Changes in Operating Assets and Liabilities, net		 28 -5.85 -67 -11 -35 1.95 -43 -61 -73 92 24
Net Cash From Investing Activities		 -398 -51 -85 -238 -245 -98 -2,091 -173 -77 -68 -222
Net Cash From Continuing Investing Activities		 -398 -51 -85 -238 -245 -98 -2,091 -173 -77 -68 -222
Purchase of Property, Plant & Equipment		 -13 -38 -43 -27 -42 -28 -56 -50 -53 -50 -33
Acquisitions		 -340 -9.39 -11 -178 -219 -11 -2,090 -164 -63 -1.40 -84
Purchase of Investments		 -47 -20 -60 -116 -55 -157 -77 -30 -11 -32 -228
Sale and/or Maturity of Investments		 0.90 17 29 81 71 83 131 71 49 16 122
Other Investing Activities, net		 0.01 -0.12 -0.00 1.68 -0.30 0.31 0.38 0.44 0.01 0.17 0.53
Net Cash From Financing Activities		 91 -138 39 -64 89 114 1,425 -344 -312 22 -160
Net Cash From Continuing Financing Activities		 91 -138 39 -64 89 114 1,425 -344 -312 22 -160
Repayment of Debt		 -2.13 -56 -10 0.00 0.00 0.00 -172 -360 -345 -53 -7.71
Repurchase of Common Equity		 -0.65 -112 -7.47 -147 -18 -15 -13 - 0.00 0.00 -175
Issuance of Common Equity		 4.67 6.24 7.04 8.05 9.58 11 13 17 16 18 19
Other Financing Activities, net		 23 24 50 75 97 119 97 -0.89 17 57 3.14
Cash Interest Paid		 - - - - - 0.61 18 21 19 3.10 2.16
Cash Income Taxes Paid		 - - - - - 3.26 2.21 38 143 84 41

Quarterly Cash Flow Statements for Tyler Technologies

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 13 34 23 62 288 206 -39 82 47 181 -699
Net Cash From Operating Activities		 177 147 72 64 264 225 56 98 255 244 107
Net Cash From Continuing Operating Activities		 177 147 72 64 264 225 56 98 255 244 107
Net Income / (Loss) Continuing Operations		 47 39 54 68 76 65 81 85 84 66 81
Consolidated Net Income / (Loss)		 47 39 54 68 76 65 81 85 84 66 81
Depreciation Expense		 38 40 40 34 35 35 35 34 35 34 39
Amortization Expense		 5.69 4.43 2.52 2.34 2.40 1.67 2.29 2.57 2.30 2.35 2.32
Non-Cash Adjustments To Reconcile Net Income		 27 36 27 31 31 29 38 38 37 53 37
Changes in Operating Assets and Liabilities, net		 59 28 -52 -71 120 94 -99 -62 97 88 -52
Net Cash From Investing Activities		 -40 -36 -13 -13 -9.40 -33 -96 -13 -55 -58 56
Net Cash From Continuing Investing Activities		 -40 -36 -13 -13 -9.40 -33 -96 -13 -55 -58 56
Purchase of Property, Plant & Equipment		 -15 -13 -15 -16 -11 -8.79 -7.89 -10 -7.61 -6.96 -4.50
Acquisitions		 -34 -27 -1.30 - -0.09 - -18 -0.21 -17 -49 -0.02
Purchase of Investments		 - - 0.00 - - -32 -72 -35 -73 -48 -1.36
Sale and/or Maturity of Investments		 8.35 3.96 3.27 3.08 1.35 8.29 1.76 33 42 46 62
Other Investing Activities, net		 0.03 -0.04 0.02 0.00 0.15 0.01 -0.02 0.55 -0.00 0.00 -0.01
Net Cash From Financing Activities		 -125 -77 -36 11 33 15 1.02 -3.83 -153 -4.20 -863
Net Cash From Continuing Financing Activities		 -125 -77 -36 11 33 15 1.02 -3.83 -153 -4.20 -863
Repayment of Debt		 -135 -90 -50 - -2.64 - -4.48 -2.90 -0.34 - -600
Repurchase of Common Equity		 - - - - - - 0.00 - -173 - -250
Issuance of Common Equity		 4.03 4.42 3.55 4.92 4.35 4.81 3.97 5.35 4.56 4.97 3.80
Other Financing Activities, net		 6.32 8.52 10 5.85 32 9.78 1.53 -4.68 15 -9.16 -16
Cash Interest Paid		 4.53 2.33 1.74 0.19 0.93 0.24 0.97 - 1.20 - 1.19
Cash Income Taxes Paid		 25 25 -0.68 40 6.60 39 -0.32 47 1.05 -6.58 0.05

Annual Balance Sheets for Tyler Technologies

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,357 1,358 1,611 1,791 2,192 2,607 4,732 4,687 4,677 5,180 5,639
Total Current Assets		 268 283 521 519 680 1,113 964 847 861 1,441 1,844
Cash & Equivalents		 33 36 186 134 233 604 309 174 165 745 1,015
Short-Term Investments		 13 20 43 44 39 72 52 37 10 23 82
Accounts Receivable		 176 200 246 299 374 382 521 577 620 588 639
Prepaid Expenses		 22 21 32 33 25 31 56 51 55 65 75
Current Deferred & Refundable Income Taxes		 21 2.90 11 4.70 6.48 22 18 - 0.00 12 24
Other Current Assets		 1.93 2.27 2.00 3.41 2.33 2.48 8.15 8.24 10 8.06 9.41
Plant, Property, & Equipment, net		 101 124 152 155 172 168 181 173 170 164 160
Total Noncurrent Assets		 987 951 938 1,117 1,340 1,326 3,587 3,667 3,646 3,575 3,635
Long-Term Investments		 35 31 39 70 - 83 46 19 7.05 11 61
Noncurrent Note & Lease Receivables		 2.78 2.48 12 16 22 21 14 8.27 8.99 7.15 5.97
Goodwill		 654 650 658 754 840 838 2,360 2,489 2,532 2,532 2,590
Intangible Assets		 295 267 230 277 379 331 1,081 1,050 996 908 849
Other Noncurrent Operating Assets		 - - - - 99 53 86 101 102 118 129
Total Liabilities & Shareholders' Equity		 1,357 1,358 1,611 1,791 2,192 2,607 4,732 4,687 4,677 5,180 5,639
Total Liabilities		 498 442 420 383 575 621 2,408 2,063 1,739 1,792 1,936
Total Current Liabilities		 338 362 371 424 509 564 830 890 1,001 1,066 1,755
Short-Term Debt		 - - - - - 0.00 30 30 50 0.00 600
Accounts Payable		 6.79 7.30 8.17 6.91 15 14 120 105 146 157 175
Accrued Expenses		 49 56 65 66 75 83 158 132 159 198 191
Current Deferred Revenue		 282 298 299 351 412 461 511 569 633 701 781
Other Current Liabilities		 - - - - 6.39 5.90 11 11 11 9.64 9.60
Total Noncurrent Liabilities		 160 81 48 -41 65 57 1,579 1,173 738 726 181
Noncurrent Deferred Revenue		 3.12 2.14 1.27 0.42 0.20 0.10 0.04 2.04 0.29 22 21
Noncurrent Deferred & Payable Income Tax Liabilities		 91 69 47 42 48 41 228 149 79 48 95
Other Noncurrent Operating Liabilities		 - - - - 17 16 758 428 62 58 65
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		 859 916 1,192 1,325 1,617 1,986 2,324 2,624 2,938 3,388 3,703
Total Preferred & Common Equity		 859 916 1,192 1,325 1,617 1,986 2,324 2,624 2,938 3,388 3,703
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		 859 916 1,192 1,325 1,617 1,986 2,324 2,624 2,938 3,388 3,703
Common Stock		 608 557 627 732 740 906 1,076 1,210 1,355 1,540 1,617
Retained Earnings		 326 436 624 772 917 1,112 1,274 1,438 1,604 1,867 2,182
Treasury Stock		 -75 -77 -60 -179 -40 -32 -26 -23 -21 -18 -96
Accumulated Other Comprehensive Income / (Loss)		 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.84 -0.33 -0.16 -0.01

Quarterly Balance Sheets for Tyler Technologies

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 4,636 4,637 4,677 4,609 4,819 4,997 5,180 5,192 5,426 5,457 4,799
Total Current Assets		 857 842 861 824 1,042 1,239 1,441 1,467 1,724 1,738 1,041
Cash & Equivalents		 119 131 165 188 251 538 745 706 787 834 316
Short-Term Investments		 19 12 10 8.71 7.29 5.99 23 102 105 117 30
Accounts Receivable		 639 624 620 542 701 620 588 560 714 662 573
Prepaid Expenses		 71 60 55 76 77 68 65 92 91 80 98
Current Deferred & Refundable Income Taxes		 - 7.63 0.00 - - - 12 0.00 18 37 15
Other Current Assets		 9.51 7.29 10 8.55 6.77 6.42 8.06 7.59 8.24 8.16 9.57
Plant, Property, & Equipment, net		 166 166 170 167 168 165 164 161 161 161 159
Total Noncurrent Assets		 3,613 3,630 3,646 3,617 3,610 3,593 3,575 3,564 3,541 3,559 3,599
Long-Term Investments		 10 9.55 7.05 5.49 3.88 3.88 11 3.03 2.99 22 51
Noncurrent Note & Lease Receivables		 8.31 10 8.99 7.34 7.93 7.33 7.15 7.21 7.02 6.86 8.27
Goodwill		 2,489 2,510 2,532 2,532 2,532 2,532 2,532 2,542 2,542 2,554 2,592
Intangible Assets		 1,010 1,005 996 971 952 932 908 893 868 851 815
Other Noncurrent Operating Assets		 95 95 102 101 113 118 118 119 120 124 133
Total Liabilities & Shareholders' Equity		 4,636 4,637 4,677 4,609 4,819 4,997 5,180 5,192 5,426 5,457 4,799
Total Liabilities		 1,867 1,785 1,739 1,586 1,687 1,721 1,792 1,679 1,791 1,855 1,240
Total Current Liabilities		 854 909 1,001 873 987 1,022 1,066 1,561 1,672 1,691 1,040
Short-Term Debt		 30 30 50 0.00 0.00 0.00 0.00 598 599 599 0.00
Accounts Payable		 119 133 146 145 150 145 157 171 172 148 186
Accrued Expenses		 127 134 159 106 153 161 198 128 173 173 133
Current Deferred Revenue		 566 600 633 572 652 682 701 642 720 761 710
Other Current Liabilities		 11 12 11 11 11 11 9.64 9.28 9.00 9.66 11
Total Noncurrent Liabilities		 1,013 876 738 713 700 700 726 118 119 164 201
Noncurrent Deferred Revenue		 1.16 0.73 0.29 0.00 0.00 0.00 22 22 23 22 21
Noncurrent Deferred & Payable Income Tax Liabilities		 109 105 79 54 42 37 48 36 36 76 109
Other Noncurrent Operating Liabilities		 307 174 62 62 61 66 58 59 59 66 70
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		 2,768 2,853 2,938 3,023 3,132 3,275 3,388 3,513 3,635 3,603 3,558
Total Preferred & Common Equity		 2,768 2,853 2,938 3,023 3,132 3,275 3,388 3,513 3,635 3,603 3,558
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		 2,768 2,853 2,938 3,023 3,132 3,275 3,388 3,513 3,635 3,603 3,558
Common Stock		 1,273 1,310 1,355 1,386 1,426 1,492 1,540 1,582 1,621 1,646 1,571
Retained Earnings		 1,518 1,565 1,604 1,658 1,726 1,802 1,867 1,948 2,032 2,117 2,264
Treasury Stock		 -22 -21 -21 -20 -19 -19 -18 -17 -18 -160 -276
Accumulated Other Comprehensive Income / (Loss)		 -0.79 -0.52 -0.33 -0.27 -0.22 -0.16 -0.16 -0.08 -0.12 -0.05 -0.28

Annual Metrics And Ratios for Tyler Technologies

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.86% 28.57% 10.66% 11.22% 16.16% 2.78% 42.59% 16.20% 5.49% 9.53% 9.10%
EBITDA Growth		 17.35% 44.87% 16.94% 0.36% 9.61% 10.46% 24.53% 18.25% 1.19% 18.81% 16.44%
EBIT Growth		 14.77% 25.12% 20.49% -4.64% 3.85% 8.77% 3.54% 18.48% 2.73% 41.57% 25.86%
NOPAT Growth		 9.26% 78.49% 46.35% -14.56% -0.64% 34.27% -4.63% 2.19% -2.49% 39.77% 13.13%
Net Income Growth		 10.06% 75.28% 49.14% -13.04% -0.63% 32.96% -17.12% 1.72% 1.02% 58.53% 19.99%
EPS Growth		 6.63% 64.97% 47.95% -14.81% -0.82% 28.49% -18.55% 1.31% 0.26% 55.93% 19.01%
Operating Cash Flow Growth		 -5.96% 42.83% 2.03% 27.81% 1.81% 39.40% 4.69% 2.61% -0.27% 64.19% 4.63%
Free Cash Flow Firm Growth		 -771.48% 118.50% -30.74% -109.05% -1,572.60% 346.43% -464.05% 74.03% 32.17% 326.04% -21.56%
Invested Capital Growth		 548.06% -0.54% 10.23% 16.42% 25.01% -8.72% 106.81% 18.93% 12.64% -5.69% -1.97%
Revenue Q/Q Growth		 5.63% 5.29% 2.51% 2.67% -17.36% 31.82% 10.42% 1.02% 1.49% 2.90% 1.48%
EBITDA Q/Q Growth		 -0.09% 16.58% 2.47% -1.23% 6.09% 2.30% 8.69% 2.84% 1.33% 4.87% 1.61%
EBIT Q/Q Growth		 -3.93% 19.47% 2.37% -3.20% 6.38% -0.37% -0.45% -2.98% 3.10% 10.41% 2.12%
NOPAT Q/Q Growth		 -9.05% 29.96% 21.60% -19.22% 10.65% 5.28% 3.63% -11.12% 2.41% 8.18% -1.09%
Net Income Q/Q Growth		 -9.36% 30.27% 22.51% -19.02% 11.61% 3.90% 0.43% -12.61% 4.95% 11.12% 0.10%
EPS Q/Q Growth		 -10.61% 29.78% 22.38% -19.30% 10.94% 2.85% 0.00% -12.64% 4.58% 10.60% 0.28%
Operating Cash Flow Q/Q Growth		 14.20% -6.17% 0.81% 7.51% 2.14% 3.67% 7.60% 1.83% 7.20% 14.13% 3.01%
Free Cash Flow Firm Q/Q Growth		 -1,139.56% 119.82% -22.14% 79.75% -255.04% 173.96% -11.81% -44.47% 11.27% 88.84% -9.24%
Invested Capital Q/Q Growth		 472.34% -0.35% 5.80% -1.22% 7.24% -7.27% 1.17% 3.29% 2.26% -3.51% -2.61%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 46.90% 47.27% 47.49% 47.00% 47.58% 48.58% 44.57% 42.37% 44.12% 43.77% 46.46%
EBITDA Margin		 21.66% 24.40% 25.79% 23.27% 21.96% 23.60% 20.61% 20.97% 20.12% 21.82% 23.29%
Operating Margin		 18.28% 18.12% 19.36% 16.30% 14.39% 15.49% 11.35% 11.58% 11.20% 14.01% 15.34%
EBIT Margin		 18.35% 17.85% 19.44% 16.67% 14.90% 15.77% 11.45% 11.67% 11.37% 14.69% 16.95%
Profit (Net Income) Margin		 10.98% 14.96% 20.17% 15.77% 13.49% 17.45% 10.14% 8.88% 8.50% 12.30% 13.53%
Tax Burden Percent		 59.83% 83.81% 103.74% 94.61% 91.67% 111.30% 101.56% 87.55% 83.70% 85.35% 80.86%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 98.75% 99.42% 87.22% 86.86% 89.35% 98.11% 98.74%
Effective Tax Rate		 40.17% 16.19% -3.74% 5.39% 8.33% -11.30% -1.56% 12.45% 16.30% 14.65% 19.14%
Return on Invested Capital (ROIC)		 13.29% 13.72% 19.16% 14.43% 11.84% 14.96% 9.75% 6.75% 5.70% 7.74% 9.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.08% 17.32% 18.74% 13.19% 10.62% 14.51% 17.88% -0.90% 1.74% 12.96% 1.96%
Return on Net Nonoperating Assets (RNNOA)		 -2.44% -0.91% -3.07% -2.71% -1.88% -4.15% -2.25% -0.11% 0.27% 0.58% -0.20%
Return on Equity (ROE)		 10.85% 12.82% 16.09% 11.72% 9.96% 10.81% 7.49% 6.64% 5.97% 8.32% 8.90%
Cash Return on Invested Capital (CROIC)		 -133.24% 14.27% 9.43% -0.75% -10.39% 24.08% -59.88% -10.54% -6.19% 13.59% 11.09%
Operating Return on Assets (OROA)		 11.26% 10.00% 11.01% 9.16% 8.13% 7.34% 4.97% 4.59% 4.74% 6.37% 7.31%
Return on Assets (ROA)		 6.73% 8.38% 11.42% 8.67% 7.36% 8.12% 4.40% 3.49% 3.54% 5.34% 5.83%
Return on Common Equity (ROCE)		 10.85% 12.82% 16.09% 11.72% 9.96% 10.81% 7.49% 6.64% 5.97% 8.32% 8.90%
Return on Equity Simple (ROE_SIMPLE)		 7.55% 12.42% 14.23% 11.13% 9.06% 9.81% 6.95% 6.26% 5.65% 7.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 65 115 169 144 143 192 184 188 183 256 289
NOPAT Margin		 10.94% 15.18% 20.08% 15.42% 13.19% 17.24% 11.53% 10.14% 9.37% 11.96% 12.40%
Net Nonoperating Expense Percent (NNEP)		 0.20% -3.60% 0.42% 1.24% 1.22% 0.46% -8.13% 7.65% 3.96% -5.23% 7.14%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 5.77% 5.10% 6.41% 6.72%
Cost of Revenue to Revenue		 53.10% 52.73% 52.51% 53.00% 52.42% 51.42% 55.43% 57.63% 55.88% 56.23% 53.54%
SG&A Expenses to Revenue		 22.56% 21.74% 20.92% 22.20% 23.72% 14.43% 17.08% 14.45% 15.81% 14.08% 13.57%
R&D to Revenue		 5.06% 5.69% 5.63% 6.76% 7.49% 7.91% 5.87% 5.69% 5.61% 5.52% 8.77%
Operating Expenses to Revenue		 28.62% 29.16% 28.14% 30.70% 33.19% 33.10% 33.22% 30.79% 32.92% 29.76% 31.13%
Earnings before Interest and Taxes (EBIT)		 108 136 163 156 162 176 182 216 222 314 395
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 128 185 217 218 239 263 328 388 393 466 543
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.93 5.74 5.54 5.39 7.31 8.92 9.57 5.14 6.02 7.32 5.27
Price to Tangible Book Value (P/TBV)		 0.00 0.00 21.70 24.28 29.70 21.69 0.00 0.00 0.00 0.00 73.92
Price to Revenue (P/Rev)		 10.07 6.92 7.85 7.64 10.88 15.86 13.97 7.29 9.06 11.60 8.37
Price to Earnings (P/E)		 91.74 46.24 38.92 48.45 80.66 90.92 137.77 82.09 106.54 94.30 61.83
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		 1.09% 2.16% 2.57% 2.06% 1.24% 1.10% 0.73% 1.22% 0.94% 1.06% 1.62%
Enterprise Value to Invested Capital (EV/IC)		 7.04 6.18 6.85 6.41 8.59 13.81 8.85 4.60 5.33 7.68 6.03
Enterprise Value to Revenue (EV/Rev)		 10.04 6.82 7.53 7.37 10.63 15.18 14.10 7.50 9.29 11.52 8.13
Enterprise Value to EBITDA (EV/EBITDA)		 46.37 27.94 29.20 31.68 48.41 64.34 68.45 35.77 46.20 52.79 34.90
Enterprise Value to EBIT (EV/EBIT)		 54.74 38.19 38.74 44.24 71.34 96.30 123.21 64.26 81.76 78.39 47.95
Enterprise Value to NOPAT (EV/NOPAT)		 91.81 44.90 37.50 47.79 80.56 88.09 122.36 73.99 99.17 96.31 65.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 44.18 27.00 32.34 27.56 45.33 47.75 60.41 36.38 47.68 39.42 29.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 43.19 76.22 0.00 0.00 54.73 0.00 0.00 0.00 54.83 53.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.01 0.00 0.00 0.00 0.00 0.27 0.24 0.22 0.18 0.16
Long-Term Debt to Equity		 0.08 0.01 0.00 0.00 0.00 0.00 0.26 0.23 0.20 0.18 0.00
Financial Leverage		 -0.19 -0.05 -0.16 -0.21 -0.18 -0.29 -0.13 0.12 0.15 0.04 -0.10
Leverage Ratio		 1.61 1.53 1.41 1.35 1.35 1.33 1.70 1.90 1.68 1.56 1.53
Compound Leverage Factor		 1.61 1.53 1.41 1.35 1.34 1.32 1.49 1.65 1.50 1.53 1.51
Debt to Total Capital		 7.14% 1.08% 0.00% 0.00% 0.00% 0.00% 21.13% 19.22% 18.02% 15.00% 13.94%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.02% 0.92% 1.39% 0.00% 13.94%
Long-Term Debt to Total Capital		 7.14% 1.08% 0.00% 0.00% 0.00% 0.00% 20.12% 18.30% 16.64% 15.00% 0.00%
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		 92.86% 98.92% 100.00% 100.00% 100.00% 100.00% 78.87% 80.78% 81.98% 85.00% 86.06%
Debt to EBITDA		 0.52 0.05 0.00 0.00 0.00 0.00 1.90 1.61 1.65 1.28 1.10
Net Debt to EBITDA		 -0.12 -0.42 0.00 0.00 0.00 0.00 0.66 1.02 1.18 -0.39 -1.03
Long-Term Debt to EBITDA		 0.52 0.05 0.00 0.00 0.00 0.00 1.81 1.53 1.52 1.28 0.00
Debt to NOPAT		 1.02 0.09 0.00 0.00 0.00 0.00 3.39 3.33 3.53 2.34 2.07
Net Debt to NOPAT		 -0.25 -0.67 0.00 0.00 0.00 0.00 1.17 2.11 2.53 -0.71 -1.93
Long-Term Debt to NOPAT		 1.02 0.09 0.00 0.00 0.00 0.00 3.23 3.17 3.26 2.34 0.00
Altman Z-Score		 8.15 8.40 10.95 12.68 13.76 18.61 6.42 4.89 7.12 9.51 7.25
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		 0.79 0.78 1.40 1.22 1.34 1.97 1.16 0.95 0.86 1.35 1.05
Quick Ratio		 0.66 0.71 1.28 1.13 1.27 1.88 1.06 0.89 0.79 1.27 0.99
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -648 120 83 -7.52 -126 310 -1,128 -293 -199 449 352
Operating Cash Flow to CapEx		 1,074.53% 508.56% 454.64% 912.35% 605.90% 1,247.41% 668.48% 760.61% 717.69% 1,250.87% 1,992.93%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -62.02 305.81 -48.41 -10.32 -8.41 75.72 70.53
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 125.66 350.53 15.96 13.44 16.10 105.32 130.84
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 104.92 322.43 13.57 11.67 13.86 96.90 124.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.61 0.56 0.57 0.55 0.55 0.47 0.43 0.39 0.42 0.43 0.43
Accounts Receivable Turnover		 4.09 4.03 3.77 3.43 3.23 2.95 3.53 3.37 3.26 3.54 3.80
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		 7.08 6.74 6.08 6.08 6.64 6.57 9.12 10.45 11.40 12.82 14.39
Accounts Payable Turnover		 57.54 56.90 57.08 65.73 52.04 39.61 13.17 9.49 8.69 7.93 7.53
Days Sales Outstanding (DSO)		 89.25 90.47 96.91 106.36 113.05 123.62 103.54 108.34 111.92 103.07 95.97
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)		 6.34 6.41 6.39 5.55 7.01 9.21 27.71 38.47 42.03 46.03 48.45
Cash Conversion Cycle (CCC)		 82.90 84.06 90.51 100.81 106.04 114.41 75.83 69.86 69.90 57.04 47.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 843 838 924 1,076 1,345 1,228 2,539 3,019 3,401 3,208 3,145
Invested Capital Turnover		 1.21 0.90 0.95 0.94 0.90 0.87 0.85 0.67 0.61 0.65 0.73
Increase / (Decrease) in Invested Capital		 713 -4.57 86 152 269 -117 1,311 481 382 -193 -63
Enterprise Value (EV)		 5,935 5,181 6,332 6,895 11,548 16,954 22,459 13,878 18,140 24,623 18,955
Market Capitalization		 5,951 5,258 6,599 7,144 11,820 17,713 22,244 13,483 17,676 24,803 19,513
Book Value per Share		 $25.31 $25.00 $31.72 $34.13 $41.48 $49.25 $56.72 $63.03 $69.75 $79.17 $86.06
Tangible Book Value per Share		 ($2.66) ($0.05) $8.10 $7.58 $10.21 $20.25 ($27.25) ($21.98) ($14.01) ($1.20) $6.14
Total Capital		 925 926 1,192 1,325 1,617 1,986 2,947 3,249 3,584 3,986 4,302
Total Debt		 66 10 0.00 0.00 0.00 0.00 623 624 646 598 600
Total Long-Term Debt		 66 10 0.00 0.00 0.00 0.00 593 594 596 598 0.00
Net Debt		 -16 -77 -268 -249 -272 -758 215 395 463 -181 -558
Capital Expenditures (CapEx)		 13 38 43 27 42 28 56 50 53 50 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -116 -135 -80 -84 -101 -127 -197 -223 -267 -393 -409
Debt-free Net Working Capital (DFNWC)		 -69 -79 149 95 171 549 165 -12 -91 375 688
Net Working Capital (NWC)		 -69 -79 149 95 171 549 135 -42 -141 375 88
Net Nonoperating Expense (NNE)		 -0.23 1.67 -0.72 -3.20 -3.18 -2.36 22 23 17 -7.38 -26
Net Nonoperating Obligations (NNO)		 -16 -77 -268 -249 -272 -758 215 395 463 -181 -558
Total Depreciation and Amortization (D&A)		 20 50 53 62 77 87 146 172 171 152 148
Debt-free, Cash-free Net Working Capital to Revenue		 -19.60% -17.76% -9.48% -8.94% -9.34% -11.37% -12.35% -12.07% -13.66% -18.37% -17.54%
Debt-free Net Working Capital to Revenue		 -11.74% -10.34% 17.76% 10.15% 15.70% 49.15% 10.35% -0.67% -4.65% 17.55% 29.50%
Net Working Capital to Revenue		 -11.74% -10.34% 17.76% 10.15% 15.70% 49.15% 8.47% -2.29% -7.20% 17.55% 3.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.90 $3.01 $4.40 $3.84 $3.79 $4.87 $3.95 $3.95 $3.95 $6.17 $7.32
Adjusted Weighted Average Basic Shares Outstanding		 36.57M 36.83M 37.90M 38.29M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M
Adjusted Diluted Earnings per Share		 $1.77 $2.82 $4.18 $3.68 $3.65 $4.69 $3.82 $3.87 $3.88 $6.05 $7.20
Adjusted Weighted Average Diluted Shares Outstanding		 36.57M 36.83M 37.90M 38.29M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M
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		 36.57M 36.83M 37.90M 38.29M 39.40M 40.58M 41.35M 41.82M 42.28M 43.01M 42.99M
Normalized Net Operating Profit after Tax (NOPAT)		 65 115 114 144 143 121 127 188 183 256 289
Normalized NOPAT Margin		 10.94% 15.18% 13.55% 15.42% 13.19% 10.84% 7.95% 10.14% 9.37% 11.96% 12.40%
Pre Tax Income Margin		 18.35% 17.85% 19.44% 16.67% 14.71% 15.68% 9.98% 10.14% 10.16% 14.42% 16.74%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 79.85 173.80 7.82 7.61 9.39 52.96 79.14
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 70.72 190.00 7.88 6.61 7.74 43.10 57.90
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 59.11 145.70 5.44 5.84 7.15 44.54 72.58
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 49.98 161.89 5.49 4.84 5.50 34.68 51.33
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		 0.99% 98.36% 4.41% 99.38% 12.14% 7.95% 8.04% 0.00% 0.00% 0.00% 55.34%

Quarterly Metrics And Ratios for Tyler Technologies

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 42,985,340.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 42,985,340.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.89
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.54% 6.35% 8.58% 7.28% 9.84% 12.52% 10.31% 10.19% 9.67% 6.29% 8.55%
EBITDA Growth		 2.44% 5.87% 26.43% 13.10% 14.14% 23.36% 19.74% 20.85% 17.56% 7.54% 11.48%
EBIT Growth		 6.03% 16.00% 48.88% 27.83% 34.93% 61.21% 40.27% 29.85% 24.57% 10.50% 11.35%
NOPAT Growth		 -18.52% 10.55% 51.10% 24.07% 43.12% 46.40% 39.31% 17.44% 5.24% -5.05% 0.38%
Net Income Growth		 -11.69% 25.18% 75.45% 37.88% 61.45% 67.65% 49.63% 24.93% 11.19% 0.48% 0.16%
EPS Growth		 -12.70% 23.29% 72.60% 36.52% 58.18% 64.44% 46.03% 22.93% 10.92% 1.35% 2.17%
Operating Cash Flow Growth		 37.19% 20.98% -3.84% 435.20% 48.58% 52.47% -21.83% 52.88% -3.23% 8.50% 91.00%
Free Cash Flow Firm Growth		 -0.09% 23.23% 45.20% 63.52% 121.20% 174.81% 185.18% 234.70% 131.52% -52.47% 12.36%
Invested Capital Growth		 13.77% 12.64% 8.94% 6.83% -0.05% -5.69% -3.42% -3.73% -2.88% -1.97% -4.25%
Revenue Q/Q Growth		 -1.90% -2.78% 6.53% 5.59% 0.44% -0.41% 4.44% 5.48% -0.04% -3.47% 6.66%
EBITDA Q/Q Growth		 5.77% -14.84% 20.20% 4.45% 6.75% -7.96% 16.68% 5.41% 3.84% -15.80% 20.95%
EBIT Q/Q Growth		 3.53% -25.22% 42.20% 16.12% 9.28% -10.65% 23.72% 7.50% 4.83% -20.75% 24.67%
NOPAT Q/Q Growth		 -5.80% -18.46% 30.87% 23.42% 8.66% -16.59% 24.54% 4.04% -2.63% -24.75% 31.66%
Net Income Q/Q Growth		 -4.31% -17.25% 39.24% 25.05% 12.04% -14.07% 24.27% 4.41% -0.28% -22.35% 23.88%
EPS Q/Q Growth		 -4.35% -18.18% 40.00% 24.60% 10.83% -14.94% 24.32% 4.89% 0.00% -22.28% 25.33%
Operating Cash Flow Q/Q Growth		 1,025.23% -16.95% -51.27% -10.49% 310.11% -14.77% -75.02% 75.06% 159.58% -4.43% -56.02%
Free Cash Flow Firm Q/Q Growth		 17.00% 3.27% 33.52% 31.66% 148.25% 241.29% -24.30% 8.06% -17.07% -29.94% 78.96%
Invested Capital Q/Q Growth		 2.48% 2.26% 0.48% 1.46% -4.12% -3.51% 2.90% 1.14% -3.28% -2.61% 0.50%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 45.52% 44.27% 43.65% 43.96% 43.70% 43.76% 47.26% 45.83% 47.23% 45.55% 48.32%
EBITDA Margin		 22.01% 19.28% 21.75% 21.52% 22.87% 21.13% 23.61% 23.60% 24.51% 21.38% 24.25%
Operating Margin		 12.92% 9.93% 13.07% 14.42% 15.24% 13.25% 15.78% 16.04% 16.43% 13.04% 16.27%
EBIT Margin		 13.08% 10.06% 13.43% 14.77% 16.07% 14.42% 17.08% 17.41% 18.26% 14.99% 17.52%
Profit (Net Income) Margin		 9.50% 8.09% 10.57% 12.52% 13.97% 12.05% 14.34% 14.20% 14.16% 11.39% 13.23%
Tax Burden Percent		 79.80% 87.13% 81.29% 86.11% 88.15% 84.96% 85.06% 82.55% 78.47% 77.13% 76.28%
Interest Burden Percent		 91.03% 92.25% 96.83% 98.43% 98.59% 98.39% 98.71% 98.78% 98.86% 98.55% 99.01%
Effective Tax Rate		 20.20% 12.87% 18.71% 13.89% 11.85% 15.04% 14.94% 17.45% 21.53% 22.87% 23.72%
Return on Invested Capital (ROIC)		 6.35% 5.26% 6.46% 7.51% 8.40% 7.28% 8.75% 8.74% 9.05% 7.38% 9.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.40% 4.63% 6.40% 7.64% 9.50% 10.34% 14.47% 38.29% 4.40% 5.30% 7.49%
Return on Net Nonoperating Assets (RNNOA)		 0.85% 0.71% 0.95% 1.05% 0.81% 0.46% 0.40% 0.22% -0.21% -0.55% -0.65%
Return on Equity (ROE)		 7.20% 5.97% 7.41% 8.56% 9.21% 7.74% 9.16% 8.96% 8.84% 6.83% 8.50%
Cash Return on Invested Capital (CROIC)		 -7.17% -6.19% -2.42% -0.22% 7.15% 13.59% 11.72% 12.28% 11.85% 11.09% 13.31%
Operating Return on Assets (OROA)		 5.40% 4.20% 5.84% 6.34% 6.93% 6.25% 7.64% 7.63% 8.03% 6.46% 8.35%
Return on Assets (ROA)		 3.92% 3.37% 4.60% 5.37% 6.02% 5.23% 6.41% 6.22% 6.23% 4.91% 6.31%
Return on Common Equity (ROCE)		 7.20% 5.97% 7.41% 8.56% 9.21% 7.74% 9.16% 8.96% 8.84% 6.83% 8.50%
Return on Equity Simple (ROE_SIMPLE)		 5.54% 0.00% 6.26% 6.64% 7.23% 0.00% 8.25% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 51 42 54 67 73 61 76 79 77 58 76
NOPAT Margin		 10.31% 8.65% 10.63% 12.42% 13.44% 11.26% 13.42% 13.24% 12.90% 10.05% 12.41%
Net Nonoperating Expense Percent (NNEP)		 0.94% 0.63% 0.07% -0.13% -1.10% -3.06% -5.71% -29.56% 4.65% 2.08% 1.65%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.16% - - - 1.53% 1.85% 1.86% 1.83% 1.34% 2.14%
Cost of Revenue to Revenue		 54.48% 55.73% 56.35% 56.04% 56.30% 56.24% 52.74% 54.17% 52.77% 54.45% 51.68%
SG&A Expenses to Revenue		 15.87% 16.64% 14.19% 13.94% 13.34% 14.85% 14.06% 12.85% 13.42% 13.98% 13.69%
R&D to Revenue		 5.72% 5.44% 5.74% 5.35% 5.54% 5.44% 8.47% 8.53% 8.69% 9.41% 9.74%
Operating Expenses to Revenue		 32.59% 34.35% 30.58% 29.54% 28.46% 30.52% 31.48% 29.79% 30.80% 32.51% 32.05%
Earnings before Interest and Taxes (EBIT)		 65 48 69 80 87 78 97 104 109 86 107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 109 93 111 116 124 114 133 141 146 123 149
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.70 6.02 5.97 6.85 7.63 7.32 7.14 7.06 6.25 5.27 4.06
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 321.86 114.39 114.06 73.92 95.02
Price to Revenue (P/Rev)		 8.46 9.06 9.06 10.57 12.02 11.60 11.45 11.42 9.79 8.37 6.06
Price to Earnings (P/E)		 102.89 106.54 95.36 103.24 105.54 94.30 86.48 83.60 71.40 61.83 45.73
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		 0.97% 0.94% 1.05% 0.97% 0.95% 1.06% 1.16% 1.20% 1.40% 1.62% 2.19%
Enterprise Value to Invested Capital (EV/IC)		 5.03 5.33 5.40 6.28 7.53 7.68 7.53 7.59 6.86 6.03 4.44
Enterprise Value to Revenue (EV/Rev)		 8.70 9.29 9.25 10.74 12.05 11.52 11.35 11.29 9.63 8.13 5.90
Enterprise Value to EBITDA (EV/EBITDA)		 43.20 46.20 44.33 50.74 56.28 52.79 50.89 49.44 41.41 34.90 25.14
Enterprise Value to EBIT (EV/EBIT)		 77.79 81.76 75.42 83.21 87.99 78.39 72.73 69.33 57.18 47.95 34.56
Enterprise Value to NOPAT (EV/NOPAT)		 93.72 99.17 91.69 101.65 105.93 96.31 89.77 87.84 75.70 65.54 48.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 47.17 47.68 48.83 47.26 45.74 39.42 40.82 39.43 34.89 29.00 19.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 105.25 54.83 63.16 60.68 57.03 53.81 32.66
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.22 0.22 0.20 0.19 0.18 0.18 0.17 0.16 0.17 0.16 0.00
Long-Term Debt to Equity		 0.21 0.20 0.20 0.19 0.18 0.18 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.16 0.15 0.15 0.14 0.09 0.04 0.03 0.01 -0.05 -0.10 -0.09
Leverage Ratio		 1.72 1.68 1.61 1.60 1.57 1.56 1.50 1.51 1.52 1.53 1.41
Compound Leverage Factor		 1.57 1.55 1.55 1.58 1.55 1.53 1.48 1.50 1.50 1.50 1.40
Debt to Total Capital		 17.99% 18.02% 16.48% 16.01% 15.43% 15.00% 14.56% 14.14% 14.26% 13.94% 0.00%
Short-Term Debt to Total Capital		 0.86% 1.39% 0.00% 0.00% 0.00% 0.00% 14.56% 14.14% 14.26% 13.94% 0.00%
Long-Term Debt to Total Capital		 17.13% 16.64% 16.48% 16.01% 15.43% 15.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 82.01% 81.98% 83.52% 83.99% 84.57% 85.00% 85.45% 85.86% 85.74% 86.06% 100.00%
Debt to EBITDA		 1.61 1.65 1.43 1.39 1.34 1.28 1.23 1.17 1.12 1.10 0.00
Net Debt to EBITDA		 1.22 1.18 0.95 0.78 0.11 -0.39 -0.43 -0.58 -0.70 -1.03 0.00
Long-Term Debt to EBITDA		 1.54 1.52 1.43 1.39 1.34 1.28 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 3.50 3.53 2.97 2.79 2.53 2.34 2.16 2.07 2.05 2.07 0.00
Net Debt to NOPAT		 2.65 2.53 1.96 1.56 0.21 -0.71 -0.77 -1.03 -1.28 -1.93 0.00
Long-Term Debt to NOPAT		 3.34 3.26 2.97 2.79 2.53 2.34 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 6.38 7.00 7.80 8.62 9.74 9.36 9.94 9.60 8.32 7.07 8.21
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		 0.93 0.86 0.94 1.06 1.21 1.35 0.94 1.03 1.03 1.05 1.00
Quick Ratio		 0.84 0.79 0.85 0.97 1.14 1.27 0.88 0.96 0.95 0.99 0.88
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -352 -340 -226 -154 75 254 193 208 173 121 216
Operating Cash Flow to CapEx		 1,196.87% 1,129.13% 489.77% 410.23% 2,441.14% 2,557.16% 712.21% 951.06% 3,351.60% 3,505.58% 2,385.19%
Free Cash Flow to Firm to Interest Expense		 -60.52 -90.67 -103.50 -123.29 60.35 202.04 154.54 164.88 139.72 96.56 202.95
Operating Cash Flow to Interest Expense		 30.56 39.31 32.89 51.32 213.54 178.53 45.07 77.90 206.63 194.79 100.62
Operating Cash Flow Less CapEx to Interest Expense		 28.01 35.83 26.18 38.81 204.79 171.55 38.74 69.71 200.47 189.24 96.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.41 0.42 0.43 0.43 0.43 0.43 0.45 0.44 0.44 0.43 0.48
Accounts Receivable Turnover		 3.24 3.26 3.79 3.03 3.34 3.54 3.97 3.17 3.59 3.80 4.20
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		 11.28 11.40 11.90 12.17 12.55 12.82 13.35 13.66 14.10 14.39 14.89
Accounts Payable Turnover		 8.98 8.69 8.28 8.40 8.39 7.93 7.66 7.65 8.46 7.53 7.10
Days Sales Outstanding (DSO)		 112.50 111.92 96.29 120.49 109.20 103.07 91.83 115.01 101.76 95.97 86.84
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)		 40.63 42.03 44.09 43.46 43.53 46.03 47.65 47.73 43.17 48.45 51.44
Cash Conversion Cycle (CCC)		 71.87 69.90 52.20 77.03 65.67 57.04 44.18 67.28 58.59 47.52 35.40
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,326 3,401 3,417 3,467 3,324 3,208 3,301 3,338 3,229 3,145 3,160
Invested Capital Turnover		 0.62 0.61 0.61 0.60 0.62 0.65 0.65 0.66 0.70 0.73 0.74
Increase / (Decrease) in Invested Capital		 403 382 280 222 -1.52 -193 -117 -129 -96 -63 -140
Enterprise Value (EV)		 16,739 18,140 18,438 21,790 25,032 24,623 24,860 25,351 22,136 18,955 14,039
Market Capitalization		 16,266 17,676 18,044 21,455 24,982 24,803 25,072 25,647 22,510 19,513 14,437
Book Value per Share		 $67.80 $69.75 $71.21 $73.77 $76.75 $79.17 $81.66 $84.29 $83.28 $86.06 $82.78
Tangible Book Value per Share		 ($15.74) ($14.01) ($11.31) ($8.29) ($4.41) ($1.20) $1.81 $5.20 $4.56 $6.14 $3.53
Total Capital		 3,479 3,584 3,620 3,729 3,873 3,986 4,111 4,233 4,202 4,302 3,558
Total Debt		 626 646 597 597 598 598 598 599 599 600 0.00
Total Long-Term Debt		 596 596 597 597 598 598 0.00 0.00 0.00 0.00 0.00
Net Debt		 473 463 394 335 49 -181 -212 -297 -374 -558 -398
Capital Expenditures (CapEx)		 15 13 15 16 11 8.79 7.89 10 7.61 6.96 4.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -180 -267 -245 -203 -327 -393 -303 -242 -305 -409 -345
Debt-free Net Working Capital (DFNWC)		 -37 -91 -49 55 217 375 504 650 646 688 1.32
Net Working Capital (NWC)		 -67 -141 -49 55 217 375 -94 51 47 88 1.32
Net Nonoperating Expense (NNE)		 4.01 2.70 0.28 -0.54 -2.88 -4.32 -5.20 -5.71 -7.55 -7.70 -5.04
Net Nonoperating Obligations (NNO)		 473 463 394 335 49 -181 -212 -297 -374 -558 -398
Total Depreciation and Amortization (D&A)		 44 44 43 36 37 36 37 37 37 37 41
Debt-free, Cash-free Net Working Capital to Revenue		 -9.37% -13.66% -12.32% -10.01% -15.76% -18.37% -13.85% -10.79% -13.26% -17.54% -14.49%
Debt-free Net Working Capital to Revenue		 -1.93% -4.65% -2.43% 2.71% 10.44% 17.55% 23.01% 28.94% 28.12% 29.50% 0.06%
Net Working Capital to Revenue		 -3.49% -7.20% -2.43% 2.71% 10.44% 17.55% -4.31% 2.28% 2.04% 3.79% 0.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.12 $0.92 $1.28 $1.59 $1.78 $1.52 $1.88 $1.96 $1.96 $1.52 $1.90
Adjusted Weighted Average Basic Shares Outstanding		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M
Adjusted Diluted Earnings per Share		 $1.10 $0.90 $1.26 $1.57 $1.74 $1.48 $1.84 $1.93 $1.93 $1.50 $1.88
Adjusted Weighted Average Diluted Shares Outstanding		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M
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		 42.12M 42.28M 42.46M 42.67M 42.80M 43.01M 43.12M 43.26M 43.03M 42.99M 42.17M
Normalized Net Operating Profit after Tax (NOPAT)		 51 42 54 67 73 61 76 79 77 58 76
Normalized NOPAT Margin		 10.31% 8.65% 10.63% 12.42% 13.44% 11.26% 13.42% 13.24% 12.90% 10.05% 12.41%
Pre Tax Income Margin		 11.91% 9.28% 13.01% 14.54% 15.85% 14.19% 16.86% 17.20% 18.05% 14.77% 17.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 11.14 12.91 31.51 63.78 70.71 61.97 77.48 82.23 88.09 68.86 100.83
NOPAT to Interest Expense		 8.78 11.09 24.93 53.63 59.12 48.38 60.87 62.53 62.22 46.19 71.42
EBIT Less CapEx to Interest Expense		 8.59 9.43 24.80 51.27 61.97 54.99 71.15 74.04 81.92 63.31 96.61
NOPAT Less CapEx to Interest Expense		 6.23 7.61 18.21 41.12 50.37 41.39 54.55 54.34 56.06 40.63 67.21
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% 55.34% 134.52%

Financials Breakdown Chart

Key Financial Trends

TYLER TECHNOLOGIES INC (NYSE: TYL) has shown solid cash generation and revenue growth across the last four years of quarterly reports. Below are the 10 most important, data-backed takeaways for retail investors.

  • Revenue growth: In Q4 2025, Operating Revenue reached $575.2M, up from $541.1M in Q4 2024 (roughly +6% year over year), indicating solid top-line expansion.
  • Strong gross margin: Q4 2025 Total Gross Profit was $261.98M on $575.18M revenue, implying a gross margin near 45–46%, consistent with Tyler’s historically solid gross profitability.
  • Positive operating cash flow: Net cash from continuing operating activities in Q4 2025 was $243.88M, higher than the prior-year quarter’s $224.77M, signaling robust cash generation from operations.
  • Debt-free balance sheet: Long-term debt was effectively zero in recent quarters (e.g., Q2–Q3 2025), highlighting a strong, low-leverage balance sheet with ample financial flexibility.
  • Shareholder returns via buybacks: In Q3 2025, Tyler repurchased common equity for about $173.0M, reflecting management confidence and a potential per-share uplift for remaining holders.
  • Moderate goodwill on the books: Goodwill on the balance sheet remained substantial (around $2.5B in mid-2025), largely due to past acquisitions; this is common for a software/ERP provider but warrants monitoring for impairment risk.
  • Large noncurrent asset base: Intangible assets and other noncurrent assets are sizable, reflecting scale and investment in technology IP; this can be a source of value but also carries impairment risk if growth slows.
  • Working capital dynamics: Accounts Receivable and Total Current Assets are consistently elevated (e.g., AR around $662M–$714M in 2025), suggesting steady revenue but a higher working-capital footprint.
  • Margin compression in Q4 2025: Operating Income declined to $74.98M in Q4 2025 from $97.93M in Q3 2025, trimming the operating margin (about 13% in Q4 2025 vs ~16% in Q3 2025).
  • Earnings per share volatility: Diluted EPS fell to $1.50 in Q4 2025 from $1.93 in Q3 2025, underscoring quarterly earnings swings that can affect short-term stock performance.
05/22/26 01:58 PM ETAI Generated. May Contain Errors.

Tyler Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tyler Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tyler Technologies' net income appears to be on an upward trend, with a most recent value of $315.60 million in 2025, rising from $64.87 million in 2015. The previous period was $263.03 million in 2024. See where experts think Tyler Technologies is headed by visiting Tyler Technologies' forecast page.

Tyler Technologies' total operating income in 2025 was $357.68 million, based on the following breakdown:
  • Total Gross Profit: $1.08 billion
  • Total Operating Expenses: $726.02 million

Over the last 10 years, Tyler Technologies' total revenue changed from $591.02 million in 2015 to $2.33 billion in 2025, a change of 294.6%.

Tyler Technologies' total liabilities were at $1.94 billion at the end of 2025, a 8.1% increase from 2024, and a 289.0% increase since 2015.

In the past 10 years, Tyler Technologies' cash and equivalents has ranged from $33.09 million in 2015 to $1.02 billion in 2025, and is currently $1.02 billion as of their latest financial filing in 2025.

Over the last 10 years, Tyler Technologies' book value per share changed from 25.31 in 2015 to 86.06 in 2025, a change of 240.1%.


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Financial statements for NYSE:TYL last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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