Tyler Technologies, Inc.(TYL) Stock Research - Grey Stern Research

Tyler Technologies, Inc. (TYL) Stock Analysis

$580.25 (0.13%)

TYL Financial Performance


Use the table below to view Tyler Technologies, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $579.49 -
52 Week Low $361.16 -
52 Week High $598.93 -
Market Cap $24.7 Billion 5/17
Gross Margin 41% 16/17
Profit Margin 13% 8/17
EBITDA margin 21% 14/17
Q2 - 2024 Revenue $541.0 Million 6/17
Q2 - 2024 Earnings $67.7 Million 7/17
Q2 - 2024 Free Cash Flow $48.6 Million 12/17
Trailing 4 Quarters Revenue $2.0 Billion 8/17
Trailing 4 Quarters Earnings $207.8 Million 8/17
Quarterly Earnings Growth 38% 8/17
Annual Earnings Growth 47% 5/17
Quarterly Revenue Growth 7% 13/17
Annual Revenue Growth 6% 9/17
Cash On Hand $250.7 Million 8/17
Short Term Debt $11.2 Million 11/17
Long Term Debt $597.1 Million 10/17

Tyler Technologies, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Tyler Technologies, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 118.99 2/17
PS 12.19 6/17
PB 7.90 7/17
PC 98.63 4/17
Liabilities to Equity 0.54 12/17
ROA 0.04 10/17
ROE 0.07 11/17
Current Ratio 2.86 6/17
Quick Ratio 0.15 10/17
Long Term Debt to Equity 0.19 10/17
Debt to Equity 0.21 10/17
Burn Rate -6.11 11/17
Cash to Cap 0.01 11/17
CCR 0.72 11/17
EV to EBITDA 219.37 3/17
EV to Revenue 12.38 7/17

Company Details

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools. The company also provides a suite of judicial solutions comprising court case management, court and law enforcement, prosecutor, and supervision systems to handle multi-jurisdictional county or statewide implementations, and single county systems; public safety software solutions; systems and software to automate the appraisal and assessment of real and personal property, as well as tax applications for agencies that bill and collect taxes; planning, regulatory, and maintenance software solutions for public sector agencies; software applications to enhance and automate operations involving records and document management; and data and insights solutions. In addition, it offers software as a service arrangements and electronic document filing solutions for courts and law offices; software and hardware installation, data conversion, training, product modification, and maintenance and support services; and property appraisal outsourcing services for taxing jurisdictions. The company has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. Tyler Technologies, Inc. was founded in 1966 and is headquartered in Plano, Texas.

CEO: Mr. H. Lynn Moore

Website: https://www.tylertech.com

Address: 5101 Tennyson Pkwy Plano, TEXAS

Exchange: New York Stock Exchange

Industry: Software—Application

Tyler Technologies, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Tyler Technologies, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Cadence Design Systems, Inc. CDNS $76.8 Billion
SS&C Technologies Holdings, Inc. SSNC $18.8 Billion
Manhattan Associates, Inc. MANH $16.9 Billion
SAP SE SAP $267.1 Billion
PTC Inc. PTC $21.5 Billion
Aspen Technology, Inc. AZPN $15.1 Billion
Blackbaud, Inc. BLKB $4.4 Billion
Roper Technologies, Inc. ROP $60.1 Billion
Envestnet, Inc. ENV $3.5 Billion
ANSYS, Inc. ANSS $28.2 Billion
The Descartes Systems Group Inc. DSGX $8.8 Billion
Paylocity Holding Corporation PCTY $9.1 Billion
Bentley Systems, Incorporated BSY $15.3 Billion
Paycor HCM, Inc. PYCR $2.6 Billion
Clearwater Analytics Holdings, Inc. CWAN $6.3 Billion
Enfusion, Inc. ENFN $797.0 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
TYL Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 541.0 Million $67.7 Million
Q1 2024 $ 512.4 Million $54.2 Million
Q4 2023 $ 480.9 Million $38.9 Million
Q3 2023 $ 494.7 Million $47.0 Million
Q2 2023 $ 504.3 Million $49.1 Million
Q1 2023 $ 471.9 Million $30.9 Million
Q3 2022 $ 473.2 Million $53.2 Million
Q2 2022 $ 468.7 Million $39.9 Million

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TYL Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $250.7 Million $4.8 Billion $643.9 Million $3.1 Billion
Q1 2024 $188.2 Million $4.6 Billion $645.4 Million $3.0 Billion
Q4 2023 $165.5 Million $4.7 Billion $696.9 Million $4.7 Billion
Q3 2023 $131.5 Million $4.6 Billion $679.4 Million $2.9 Billion
Q2 2023 $118.8 Million $4.6 Billion $924.9 Million $2.8 Billion
Q1 2023 $130.8 Million $4.6 Billion $926.5 Million $2.7 Billion
Q3 2022 $185.9 Million $4.7 Billion $684.4 Million $2.5 Billion
Q2 2022 $253.1 Million $4.8 Billion $1.3 Billion $2.5 Billion

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TYL Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $48.6 Million -$15.7 Million $62.5 Million
Q1 2024 $57.2 Million -$14.7 Million $22.7 Million
Q4 2023 $139.4 Million -$8.0 Million $34.0 Million
Q3 2023 $171.4 Million -$6.1 Million $12.7 Million
Q2 2023 -$33.2 Million -$14.0 Million -$12.1 Million
Q1 2023 $63.6 Million -$11.1 Million -$43.0 Million
Q3 2022 $124.7 Million -$4.7 Million -$67.1 Million
Q2 2022 $60.0 Million -$16.7 Million $9.8 Million

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