TYLNYSEServices-Prepackaged SoftwareFiscal year ends December 31
TYLER TECHNOLOGIES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$360.09−0.78 (-0.22%)
Close on Oct 19, 2026
- Market cap
- $15.07B
- P/E (TTM)
- 47.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
46.5%−2.1 pts over 5 years
Operating margin
15.3%−0.2 pts over 5 years
Net margin
13.5%−3.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.1% | +8.0% | +15.9% | +14.7% | |
| Gross profit | +15.8% | +11.4% | +14.8% | +14.6% | |
| Operating income | +19.4% | +18.6% | +15.6% | +12.7% | |
| Net income | +20.0% | +24.3% | +10.1% | +17.1% | |
| EPS, diluted | +19.0% | +23.0% | +9.0% | +15.1% | |
| Free cash flow | +5.5% | +21.1% | +13.9% | +18.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.6% | 10.8% | 8.9% | |
| Return on assets | 8.3% | 8.1% | 5.8% | |
| Current ratio | 0.78 | 1.97 | 1.05 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | 71.6× | |
| Capex to revenue | 5.0% | 2.0% | 0.7% | |
| Diluted shares | 39M | 42M | 44M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tyler Technologies generated $2.41B from operations and spent $301.14M on capital expenditure, dividends and share buybacks. 38% of that went back into the business.
Generated
$2.41B
Used
$301.14M
Capital expenditure$113.52M38%Dividends$00%Share buybacks$187.63M62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.5%
×Asset turnover0.43×
×Equity multiplier1.53×
=Return on equity, FY20258.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.5% | 0.43× | 1.53× | 8.9% |
| FY2024 | 12.3% | 0.43× | 1.56× | 8.3% |
| FY2023 | 8.5% | 0.42× | 1.68× | 6.0% |
| FY2022 | 8.9% | 0.39× | 1.90× | 6.6% |
| FY2021 | 10.1% | 0.43× | 1.70× | 7.5% |
| FY2020 | 17.4% | 0.47× | 1.33× | 10.8% |
| FY2019 | 13.5% | 0.55× | 1.35× | 10.0% |
| FY2018 | 15.8% | 0.55× | 1.35× | 11.7% |
| FY2017 | 20.2% | 0.56× | 1.41× | 16.0% |
| FY2016 | 15.0% | 0.56× | 1.51× | 12.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$315.60M
- Cash generatingOperating cash flow above zero$653.54M
- Return on assets improvedROA up on the prior year5.6% → 6.1%
- Earnings backed by cashOperating cash flow above net income$653.54M vs $315.60M
- Less leverageLong-term debt to assets fell11.5% → –
- Better liquidityCurrent ratio rose1.35 → 1.05
- No dilutionShare count did not rise43M → 44M
- Gross margin improvedGross margin up on the prior year43.77% → 46.46%
- More efficientAsset turnover rose0.46 → 0.45