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TYLER TECHNOLOGIES INC TYL

NYSE · stock · Services-Prepackaged Software · website · IPO 1980-03-17 · LEI

TYLER TECHNOLOGIES INC statistics & valuation

Market cap$12.4B
P / E39.3×
P / S5.3×
P / B3.4×
P / FCF19.5×
Net margin13.5%
Return on equity8.5%
FCF margin27.3%
Net cash$415.7M
Net debt / EBITDA-0.8×
Enterprise value USD$12.0B
EV / EBITDA24.2×
Earnings yield EBIT/EV3%
Return on capital9.2%
Graham number -64.9%$111.62

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($111.62); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.00% 20.20% 15.80% 13.50% 17.40% 10.10% 8.90% 8.50% 12.30% 13.50% 2016201720182019202020212022202320242025
Gross margin (%)
47.30% 47.50% 47.00% 47.60% 48.60% 44.60% 42.40% 44.10% 43.80% 46.50% 2016201720182019202020212022202320242025
Operating margin (%)
18.10% 19.40% 16.30% 14.40% 15.50% 11.40% 11.60% 11.20% 14.00% 15.30% 2016201720182019202020212022202320242025
Return on equity (%)
12.20% 14.20% 11.10% 9.10% 9.80% 6.90% 6.30% 5.60% 7.80% 8.50% 2016201720182019202020212022202320242025
Shares outstanding
48.1M 48.1M 48.1M 48.1M 48.1M 48.1M 48.1M 48.1M 48.1M 48.1M 2016201720182019202020212022202320242025
Net debt ($)
$1.03B $813.5M $480.5M -$146.8M -$415.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.20% 10.50% 8.20% 6.70% 7.50% 3.40% 3.50% 3.50% 5.10% 5.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
20.30% 18.20% 23.80% 20.00% 29.80% 21.20% 19.40% 18.40% 28.30% 27.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.58× 0.38× 0.22× 0.18× 0.16× 2016201720182019202020212022202320242025
EPS ($)
$2.92 $4.32 $3.68 $3.65 $4.69 $3.82 $3.87 $3.88 $6.05 $7.20 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TYLER TECHNOLOGIES INC trades at about 44.1× earnings — below its 10-year norm (10-year range 46.6×–124×, median 88.7×).

44.1× 124×

Shaded band = 10-year range (46.6×–124×); dot = today's 44.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin46.5%43.8%44.1%42.4%44.6%48.6%47.6%47.0%47.5%47.3%
Operating margin15.3%14.0%11.2%11.6%11.4%15.5%14.4%16.3%19.4%18.1%
Net margin13.5%12.3%8.5%8.9%10.1%17.4%13.5%15.8%20.2%15.0%
FCF margin27.3%28.3%18.4%19.4%21.2%29.8%20.0%23.8%18.2%20.3%
Return on assets5.6%5.1%3.5%3.5%3.4%7.5%6.7%8.2%10.5%8.2%
Return on equity8.5%7.8%5.6%6.3%6.9%9.8%9.1%11.1%14.2%12.2%
Debt / equity0.16×0.18×0.22×0.38×0.58×—————
Current ratio1.051.350.860.951.161.971.341.221.400.78

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.