(TYL) Tyler Technologies - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 12.883m USD | Total Return: -45.6% in 12m
Avg Turnover: 207M
EPS Trend: 99.4%
Qual. Beats: 0
Rev. Trend: 99.7%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Tyler Technologies, Inc. (TYL) provides integrated software and technology management solutions exclusively for the public sector, including local, state, and federal government entities. The company operates through two primary segments: Enterprise Software and Platform Technologies. Its portfolio covers mission-critical functions such as ERP, public safety, justice, regulatory administration, and K-12 education management.
The business model relies heavily on long-term contracts and high retention rates, as government agencies face significant switching costs when replacing core administrative infrastructure. Tyler Technologies has transitioned toward a SaaS-first model, leveraging a strategic collaboration with Amazon Web Services to migrate its client base to cloud-hosted environments. The public sector software market is characterized by stable demand and high barriers to entry due to complex regulatory requirements.
Reviewing historical valuation trends on ValueRay can provide further clarity on the companys current market position.
- Accelerated transition to SaaS model drives recurring revenue and margin expansion
- Strategic AWS partnership reduces infrastructure costs while improving cloud scalability
- Public sector digital transformation mandates increase demand for mission-critical software
- Acquisition integration success determines long-term earnings growth and market consolidation
- State and local government budget cycles dictate quarterly contract win volatility
| Net Income: 315.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 3.23 > 1.0 |
| NWC/Revenue: 0.06% < 20% (prev -4.31%; Δ 4.36% < -1%) |
| CFO/TA 0.15 > 3% & CFO 704.6m > Net Income 315.7m |
| Net Debt (-298.4m) to EBITDA (512.2m): -0.58 < 3 |
| Current Ratio: 1.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.2m) vs 12m ago -0.70% < -2% |
| Gross Margin: 45.57% > 18% (prev 42.16%; Δ 3.42% > 0.5%) |
| Asset Turnover: 47.66% > 50% (prev 42.19%; Δ 5.47% > 0%) |
| Interest Coverage Ratio: 78.85 > 6 (EBIT TTM 379.7m / Interest Expense TTM 4.82m) |
| A: 0.00 (Total Current Assets 1.04b - Total Current Liabilities 1.04b) / Total Assets 4.80b |
| B: 0.47 (Retained Earnings 2.26b / Total Assets 4.80b) |
| C: 0.08 (EBIT TTM 379.7m / Avg Total Assets 5.00b) |
| D: 2.87 (Book Value of Equity 3.56b / Total Liabilities 1.24b) |
| Altman-Z'' = 5.06 = AAA |
| DSRI: 0.97 (Receivables 587.6m/559.9m, Revenue 2.38b/2.19b) |
| GMI: 0.93 (GM 42.16% / 45.57%) |
| AQI: 1.09 (AQ_t 0.74 / AQ_t-1 0.68) |
| SGI: 1.09 (Revenue 2.38b / 2.19b) |
| TATA: -0.08 (NI 315.7m - CFO 704.6m) / TA 4.80b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of June 07, 2026, the stock is trading at USD 312.07 with a total of 658,141 shares traded.
Over the past week, the price has changed by -0.34%,
over one month by -4.80%,
over three months by -14.70% and
over the past year by -45.61%.
Tyler Technologies has received a consensus analysts rating of 4.16. Therefore, it is recommended to buy TYL.
- StrongBuy: 7
- Buy: 8
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 445.1 | 42.6% |
P/E Trailing = 43.3126
P/E Forward = 24.7525
P/S = 5.4116
P/B = 3.6207
P/EG = 1.5181
Revenue TTM = 2.38b USD
EBIT TTM = 379.7m USD
EBITDA TTM = 512.2m USD
Long Term Debt = 37.4m USD (estimated: total debt 48.0m - short term 10.6m)
Short Term Debt = 10.6m USD (from shortTermDebt, last quarter)
Debt = 48.0m USD (from shortLongTermDebtTotal, last quarter) (leases 48.0m already included)
Net Debt = -298.4m USD (calculated: Debt 48.0m - CCE 346.4m)
Enterprise Value = 12.6b USD (12.9b + Debt 48.0m - CCE 346.4m)
Interest Coverage Ratio = 78.85 (Ebit TTM 379.7m / Interest Expense TTM 4.82m)
EV/FCF = 18.30x (Enterprise Value 12.6b / FCF TTM 687.7m)
FCF Yield = 5.46% (FCF TTM 687.7m / Enterprise Value 12.6b)
FCF Margin = 28.89% (FCF TTM 687.7m / Revenue TTM 2.38b)
Net Margin = 13.26% (Net Income TTM 315.7m / Revenue TTM 2.38b)
Gross Margin = 45.57% ((Revenue TTM 2.38b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 48.32% (prev 43.07%)
Tobins Q-Ratio = 2.62 (Enterprise Value 12.6b / Total Assets 4.80b)
Interest Expense / Debt = 10.04% (Interest Expense 4.82m / Debt 48.0m)
Taxrate = 21.35% (85.7m / 401.4m)
NOPAT = 298.6m (EBIT 379.7m * (1 - 21.35%))
Current Ratio = 1.00 (Total Current Assets 1.04b / Total Current Liabilities 1.04b)
Debt / Equity = 0.01 (Debt 48.0m / totalStockholderEquity, last quarter 3.56b)
Debt / EBITDA = -0.58 (Net Debt -298.4m / EBITDA 512.2m)
Debt / FCF = -0.43 (Net Debt -298.4m / FCF TTM 687.7m)
Total Stockholder Equity = 3.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.32% (Net Income 315.7m / Total Assets 4.80b)
RoE = 8.71% (Net Income TTM 315.7m / Total Stockholder Equity 3.62b)
RoCE = 10.37% (EBIT 379.7m / Capital Employed (Equity 3.62b + L.T.Debt 37.4m))
RoIC = 8.18% (NOPAT 298.6m / Invested Capital 3.65b)
WACC = 7.23% (E(12.9b)/V(12.9b) * Re(7.23%) + D(48.0m)/V(12.9b) * Rd(10.04%) * (1-Tc(0.21)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.33 | Cagr: 0.23%
[DCF] Terminal Value 77.97% ; FCFF base≈643.2m ; Y1≈737.3m ; Y5≈1.09b
[DCF] Fair Price = 404.2 (EV 16.3b - Net Debt -298.4m = Equity 16.6b / Shares 41.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.41 | EPS CAGR: 19.45% | SUE: 0.79 | # QB: 0
Revenue Correlation: 99.67 | Revenue CAGR: 9.07% | SUE: 0.61 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.19 | Chg30d=-0.26% | Revisions=-20% | Analysts=22
EPS next Quarter (2026-09-30): EPS=3.22 | Chg30d=+0.36% | Revisions=+20% | Analysts=22
EPS current Year (2026-12-31): EPS=12.65 | Chg30d=+0.94% | Revisions=+83% | GrowthEPS=+11.9% | GrowthRev=+9.7%
EPS next Year (2027-12-31): EPS=14.36 | Chg30d=+1.20% | Revisions=+50% | GrowthEPS=+13.5% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +83%