# Tyler Technologies, Inc. (TYL) — Stock CV

Tyler Technologies, Inc. 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.

> 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.

## Identity

- **Ticker**: TYL
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: PLANO, TX
- **Employees**: 7 879
- **Website**: https://www.tylertech.com
- **Market cap**: $13.5B
- **Last price**: $329.55
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $2.43B
- **Net income**: $325M
- **Free cash flow**: $714M
- **P/E**: 41.6
- **Revenue growth (YoY)**: 8.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 77 |
| Profitability | 64 |
| Health | 68 |
| Quality | 72 |
| Moat | 63 |

## Qualifications (beginner checklist) — 10 of 10 passed

- [x] Revenue growing — +8.2% YoY
- [x] Profitable — $325M TTM
- [x] Profit growing — +23.0% YoY
- [x] Generates cash — $714M TTM
- [x] Debt under control — current ratio 1.55
- [x] Established company — $13.5B market cap
- [x] Not printing shares — +5.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 4.0 — safe
- [x] Valuation not extreme — P/E 41.6

## Experience (career milestones)

- **FY2025** — Best year on record: $316M net income
- **2024** — A computer hacker acquired the credentials of a suspected former Tile employee and gained access to the…
- **2021** — Life360 agreed to acquire Tile in a $205 million acquisition
- **FY2019** — Revenue crossed $1B: $1.09B for the year
- **2017** — Two new versions of the Tile were launched, the Tile Sport and Tile Style
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2015** — Tile launched a newer line of hardware that includes functionality to assist users in locating…

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.59B | $161M | $338M |
| FY2022 | $1.85B | $164M | $359M |
| FY2023 | $1.95B | $166M | $360M |
| FY2024 | $2.14B | $263M | $604M |
| FY2025 | $2.33B | $316M | $638M |

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Source: https://stockcv.com/TYL — derived from company filings; may be delayed or incomplete. Information, not investment advice.