Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments.
It is a $13.5B technology company. Revenue grew 8.2% over the last year, and it keeps 13¢ of every dollar of sales as profit. It trades at 41.6× earnings — near the lowest of its own history.
- Website
- tylertech.com
- Location
- Plano, TX
- Employees
- 7 879
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth.
Valuation62
- P/E vs own history5th pct · 25/25
- FCF yield5.3% · 20/25
- P/S5.6x · 12/25
- EV/EBITDA32.9x · 5/25
Growth77
- Revenue CAGR10.0% · 20/25
- Net income CAGR18.2% · 20/25
- EPS CAGR ~5Y9.0% · 12/25
- Fwd implied growth65.0% · 25/25
Profitability64
- ROIC12.1% · 12/25
- ROE9.3% · 12/25
- Net margin13.4% · 20/25
- Operating margin15.1% · 20/25
Health68
- Altman Z4.01 · 25/25
- Current ratio1.55 · 18/25
- Interest coverage79.1x · 25/25
- Net cash / debtn/a · 0/25
Quality72
- Piotroski F7/9 · 22/25
- Beneish M-2.56 · 25/25
- FCF conversion220% · 25/25
- Margin stabilityσ 3564.2% · 0/25
Moat63
- ROIC >12% years1/10 yrs · 0/25
- Median gross margin46.7% · 20/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 8.5% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$316M net income
- 2024AcquisitionA computer hacker acquired the credentials of a suspected former Tile employee and gained access to the…
- 2021AcquisitionLife360 agreed to acquire Tile in a $205 million acquisition
- FY2019FinancialRevenue crossed $1B$1.09B for the year
- 2017ProductTwo new versions of the Tile were launched, the Tile Sport and Tile Style
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015ProductTile launched a newer line of hardware that includes functionality to assist users in locating…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (47.2%)
- Strong cash conversion — FCF is 29.4% of revenue
- Could repay net debt from ~0.7 years of free cash flow
- Interest covered 79.1× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.2% YoY
- Profitable — makes more than it spends$325M TTM
- Profit growing — earnings are higher than last year+23.0% YoY
- Generates cash — cash left after running and investing$714M TTM
- Debt under control — could handle its obligationscurrent ratio 1.55
- Established company — not a micro-cap — lower blow-up risk$13.5B market cap
- Not printing shares — share count not ballooning — you keep your slice+5.5% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 4.0 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 41.6
Peer comparisonTyler Technologies, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| TYL this company | $13.5B | 41.6 | +8.2% | 13.4% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: TYL vs NVDA · TYL vs AAPL · TYL vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/TYL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of TYL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $329.55 · market cap $13.5B.