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Tyler Technologies, Inc.

Rank #348ValueWatchlistCompare with other stocks

TYL · NYSE · Technology

Tyler Technologies, Inc. (TYL) — Rank #348 by gross profitability (GP/assets 0.19) · ROE 11.3% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · CIK 0000860731 · all metrics point-in-time as of the filing date.

About

Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States.

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

was founded in 1966 and is based in Plano, Texas.

Industry
Software - Application
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

7,972

Industry

Software - Application

Exchange

NYSE

12/12

Flags passed

TYL passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.19
Return on equity
11.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.02
Current ratio
1.33×
Net cash
$305.02M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
6.5%

Growth

2/2 pass
Revenue growth
9.1%
Piotroski F-Score
7 / 9
Share dilution
0.7%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

No warning flags · GP/assets 11th percentile of 36 SIC 7372 peers

Gross profitability (GP / assets)

0.19

Primary signal (Novy-Marx).

11th pctl of 36 SIC 7372 peers

Return on equity

11.3%

Gross margin

46.5%

9th pctl of 36 SIC 7372 peers

Revenue growth (YoY)

9.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

8.0%

Revenue CAGR (5Y)

15.9%

Earnings CAGR (3Y)

24.3%

FCF CAGR (3Y)

21.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 102% above net income

Free cash flow

$637.53M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

102.0%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

6.5%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $305.02M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.02

23rd pctl of 32 SIC 7372 peers (best = lowest)

Current ratio

1.33×

23rd pctl of 36 SIC 7372 peers

Quick ratio

1.25×

Net cash

$305.02M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
0.7%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
6.7%5/5 Strong

Lifecycle Phase History

20202025
Value
Hypergrowth
Op. Leverage

Price History

TYL-27.5% · -6.2% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports