Paylocity vs Tyler Technologies
PCTY and TYL side by side, both in computer programming, data processing, and other computer related services. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How PCTY and TYL compare
Tyler Technologies is the larger company, worth 1.8 times as much as Paylocity ($16.1B against $9.1B).
On earnings, Paylocity is cheaper: it trades at 34.7× trailing earnings, against 52.3× for Tyler Technologies.
Paylocity grew revenue faster over the last twelve months (11.0% versus 8.2% for Tyler Technologies).
Paylocity keeps more of each dollar of sales as profit, with a net margin of 15.2% compared with 13.4% at Tyler Technologies.
Paylocity scores higher on the StockData Score (19 against 16 for Tyler Technologies), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | PCTY | TYL |
|---|---|---|
| Size and price | ||
| Market cap | $9.1B | $16.1B |
| Share price | $170.91 | $394.30 |
| Change, 1 year | 20.8% | −17.5% |
| Change, 5 years | −39.0% | −26.0% |
| Beta (5Y) | 1.14 | 0.99 |
| Employees | 6,900 | 7,800 |
| StockData Score | ||
| Total score | 19 (better) | 16 |
| Valuation score | 3 (better) | 2 |
| Growth score | 5 (better) | 3 |
| Performance score | 6 (better) | 5 |
| Health score | 5 | 6 (better) |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 34.7× (better) | 52.3× |
| P/S | 5.1× (better) | 6.6× |
| P/B | 7.4× | 5.3× (better) |
| EV/EBITDA | 17.7× (better) | 29.6× |
| P/FCF | 18.2× (better) | 22.6× |
| PEG | 1.36 (better) | 2.27 |
| FCF yield | 5.5% (better) | 4.4% |
| Fair value | $188.01 | $333.47 |
| Margin of safety | 9.1% (better) | −18.2% |
| Growth | ||
| Revenue growth (TTM) | 11.0% (better) | 8.2% |
| Revenue growth, 5Y average | 22.7% (better) | 15.9% |
| Net income growth (TTM) | 18.8% (better) | 5.8% |
| EPS growth (TTM) | 22.4% (better) | 7.7% |
| EPS growth, 5Y average | 31.3% (better) | 9.0% |
| Profitability | ||
| Gross margin | 69.2% (better) | 47.2% |
| Operating margin | 21.8% (better) | 15.1% |
| Net margin | 15.2% (better) | 13.4% |
| FCF margin | 28.1% | 29.4% (better) |
| Return on equity | 22.0% (better) | 9.7% |
| Return on invested capital | 30.1% (better) | 11.8% |
| Financial health | ||
| Debt / equity | 0.00 | 0.00 |
| Interest coverage | – | 56.4× |
| Current ratio | 1.09 | 1.55 (better) |
| Altman Z-score | 2.52 | 4.82 (better) |
| Piotroski F-score | 8 (better) | 6 |
| Dividends and buybacks | ||
| Buyback yield | 4.4% | 5.7% (better) |
| Shareholder yield | 4.4% | 5.7% (better) |
| Ownership | ||
| Held by institutions | 87.8% | 106% |
| Held by insiders | 21.9% | 0.50% |
| Insider net buying, 12 months | −$26.4M | −$10.0M (better) |
| Short interest, % of float | 7.2% | 7.6% |
Go deeper
- PCTY stock overview
- PCTY income statement
- PCTY valuation and score
- TYL stock overview
- TYL income statement
- TYL valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.