Technology · Software - Application
Price
$294.40
Market Cap
$12.4B
Employees
7,462
Beta
0.81
Avg Volume
725,846
CEO
H. Lynn Moore Jr.
Business Description
Tyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into three primary divisions: Enterprise Software, Appraisal and Tax, and NIC. The company's extensive product portfolio encompasses financial management tools, such as modular fund accounting systems designed for government bodies and non-profit organizations, as well as utility billing platforms for managing both metered and unmetered services. Additionally, Tyler offers solutions that automate a wide array of municipal and county operations, ranging from municipal court and parking ticket administration to animal and business licensing, permits and inspections, code enforcement, citizen complaint resolution, ambulance billing, fleet maintenance, and cemetery records management. Educational institutions, particularly K-12 schools, benefit from their specialized student information and transportation management systems. Furthermore, the company delivers a comprehensive suite of judicial technologies, including systems for court case management, integrated court and law enforcement functions, prosecutor support, and supervision. These solutions are scalable for diverse needs, from single-county deployments to multi-jurisdictional or statewide implementations. Their offerings extend to public safety software, alongside systems designed for the automated appraisal and assessment of both real and personal property, complemented by tax billing and collection applications for relevant agencies. Public sector agencies also leverage Tyler's software for planning, regulatory compliance, and maintenance operations. Dedicated applications enhance and automate records and document management, while their data and insights solutions provide valuable analytical capabilities. Beyond core software, Tyler Technologies facilitates Software-as-a-Service (SaaS) deployments and provides electronic document filing solutions for legal and judicial entities. Their service portfolio is robust, encompassing software and hardware installation, data conversion, user training, product customization, and ongoing maintenance and support. They also offer outsourced property appraisal services to taxing authorities. A strategic collaboration agreement with Amazon Web Services (AWS) underscores the company's commitment to cloud-based hosting solutions. Established in 1966, Tyler Technologies, Inc. maintains its headquarters in Plano, Texas.
Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)$294.40
+13.31 (+4.74%)
Day Range
$285.10 – $295.67
52-Week Range
$270.71 – $621.34
50-Day MA
$314.55
200-Day MA
$401.15
Volume
581,573.00
Analyst Price Targets
Low
$340.00
Consensus
$438.45
High
$543.00
(52 analysts)
Share Structure
Outstanding
42,167,500.00
Float
39,503,737.00
Free Float
93.7%
High free float
— 93.7% of shares trade freely, ~6.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
39.84
Stock Price: $294.40
EPS (Diluted): 7.32
EPS (Diluted): 7.32
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.28
Stock Price: $294.40
Total Equity: $3.70B
Shares: 43,812,000
Total Equity: $3.70B
Shares: 43,812,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
23.20
Market Cap: $12.41B
Total Debt: $642.61M
Cash: $1.02B
EBITDA: $543.18M
Total Debt: $642.61M
Cash: $1.02B
EBITDA: $543.18M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$19.2B
Market Cap: $12.41B
Total Debt: $642.61M
Cash: $1.02B
Total Debt: $642.61M
Cash: $1.02B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.0%
Gross Profit: $1.03B
Revenue: $2.33B
Revenue: $2.33B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
15.3%
Operating Income: $357.68M
Revenue: $2.33B
Revenue: $2.33B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.5%
Net Income: $315.60M
Revenue: $2.33B
Revenue: $2.33B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
8.7%
Net Income: $315.60M
Total Equity: $3.70B
Total Equity: $3.70B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.7%
Operating Income: $357.68M
Tax Rate: 19.1%
Equity: $3.70B
Total Debt: $642.61M
Cash: $1.02B
Tax Rate: 19.1%
Equity: $3.70B
Total Debt: $642.61M
Cash: $1.02B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.05
Current Assets: $1.84B
Current Liabilities: $1.76B
Current Liabilities: $1.76B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.17
Short-Term Debt: $609.26M
Long-Term Debt: $33.35M
Total Debt: $642.61M
Total Equity: $3.70B
Long-Term Debt: $33.35M
Total Debt: $642.61M
Total Equity: $3.70B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$53.24
Revenue: $2.33B
Shares: 43,812,000
Shares: 43,812,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$84.52
Total Equity: $3.70B
Shares: 43,812,000
Shares: 43,812,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$14.55
Operating CF: $653.54M
CapEx: -$16.02M
Shares: 43,812,000
CapEx: -$16.02M
Shares: 43,812,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $294.40
Stock Price: $294.40
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $315.60M
Net Income: $315.60M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TYL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $2.0B | $2.1B | $2.3B |
| Cost of Revenue | $927.5M | $1.1B | $1.2B | $1.3B | $1.3B |
| Gross Profit | $664.8M | $722.5M | $786.5M | $876.1M | $1.0B |
| Operating Expenses | $459.0M | $506.3M | $567.9M | $576.6M | $669.6M |
| Operating Income | $205.8M | $216.2M | $218.5M | $299.5M | $357.7M |
| Net Income | $161.5M | $164.2M | $165.9M | $263.0M | $315.6M |
| EBITDA | $328.1M | $388.0M | $392.6M | $466.5M | $543.2M |
| EPS | $3.95 | $3.95 | $3.95 | $6.17 | $7.32 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $309.2M | $173.9M | $165.5M | $744.7M | $1.0B |
| Total Current Assets | $964.3M | $847.2M | $860.6M | $1.4B | $1.8B |
| Total Assets | $4.7B | $4.7B | $4.7B | $5.2B | $5.6B |
| Current Liabilities | $829.5M | $889.7M | $1.0B | $1.1B | $1.8B |
| Long-Term Debt | $1.3B | $957.4M | $596.2M | $597.9M | $33.3M |
| Total Liabilities | $2.4B | $2.1B | $1.7B | $1.8B | $1.9B |
| Total Equity | $2.3B | $2.6B | $2.9B | $3.4B | $3.7B |
| Retained Earnings | $1.3B | $1.4B | $1.6B | $1.9B | $2.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:39pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $371.8M | $381.5M | $380.4M | $624.6M | $653.5M |
| Capital Expenditure | -$55.6M | -$50.2M | -$53.0M | -$20.5M | -$16.0M |
| Free Cash Flow | $316.1M | $331.3M | $327.4M | $604.1M | $637.5M |
| Acquisitions (net) | -$2.1B | -$163.9M | -$62.8M | -$1.4M | -$83.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$13.0M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$294.5M | -$135.3M | -$8.4M | $579.2M | $270.7M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:02am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.8B $2.8B – $2.9B
|
$3.1B $3.1B – $3.1B
|
$2.8B $2.8B – $2.9B
|
$3.0B $3.0B – $3.0B
|
| EBITDA |
$737.7M $727.2M – $750.8M
|
$804.3M $803.7M – $804.9M
|
$746.4M $739.1M – $755.6M
|
$784.1M $776.5M – $793.7M
|
| Net Income |
$650.9M $620.6M – $681.1M
|
$756.7M $754.7M – $758.6M
|
$901.4M $890.0M – $915.8M
|
$1.1B $1.1B – $1.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:39pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +16.2% | +5.5% | +9.5% | +9.1% |
| Gross Profit Growth | +8.7% | +8.9% | +11.4% | +17.3% |
| Operating Income Growth | +5.1% | +1.1% | +37.1% | +19.4% |
| Net Income Growth | +1.7% | +1.0% | +58.5% | +20.0% |
| EBITDA Growth | +18.3% | +1.2% | +18.8% | +16.4% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | MILLER BRIAN K | G-Gift | 90.00 | $0.00 | $0 |
| 2026-05-05 | Jones Cecil W. | 0.00 | $0.00 | $0 | |
| 2026-05-05 | Jones Cecil W. | 762.00 | $0.00 | $0 | |
| 2026-05-05 | MARR JOHN S JR | 0.00 | $0.00 | $0 | |
| 2026-05-06 | Teed Andrew D. | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-05 | Teed Andrew D. | A-Award | 762.00 | $0.00 | $0 |
| 2026-05-06 | Teed Andrew D. | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-06 | Pope Daniel M | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-05 | Pope Daniel M | A-Award | 762.00 | $0.00 | $0 |
| 2026-05-06 | Pope Daniel M | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-06 | Hawkins Ronnie D. Jr. | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-05 | Hawkins Ronnie D. Jr. | A-Award | 762.00 | $0.00 | $0 |
| 2026-05-06 | Hawkins Ronnie D. Jr. | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-06 | Cline Brenda A | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-05 | Cline Brenda A | A-Award | 762.00 | $0.00 | $0 |
| 2026-05-06 | Cline Brenda A | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-06 | Carter Margot Lebenberg | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-05 | Carter Margot Lebenberg | A-Award | 762.00 | $0.00 | $0 |
| 2026-05-06 | Carter Margot Lebenberg | M-Exempt | 452.00 | $0.00 | $0 |
| 2026-05-06 | Carter Glenn A | M-Exempt | 452.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:39pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1990-01-31 | $0.02 | 1990-01-30 | 1990-02-06 | 1990-02-20 |
| 1989-11-02 | $0.02 | 1989-10-30 | 1989-11-08 | 1989-11-20 |
| 1989-04-26 | $0.02 | 1989-04-21 | 1989-05-02 | 1989-05-15 |
| 1989-02-01 | $0.02 | 1989-01-30 | 1989-02-07 | 1989-02-21 |
| 1988-11-03 | $0.02 | 1988-10-31 | 1988-11-09 | 1988-11-21 |
| 1988-08-22 | $10.00 | 1988-08-03 | 1988-08-15 | |
| 1988-08-09 | $0.11 | |||
| 1988-04-27 | $0.11 | 1988-04-21 | 1988-05-03 | 1988-05-16 |
| 1988-02-03 | $0.11 | 1988-02-01 | 1988-02-09 | 1988-02-22 |
| 1987-10-29 | $0.11 | 1987-10-26 | 1987-11-04 | 1987-11-16 |
| 1987-07-29 | $0.10 | 1987-07-27 | 1987-08-04 | 1987-08-17 |
| 1987-04-29 | $0.10 | 1987-04-24 | 1987-05-05 | 1987-05-18 |
| 1987-02-04 | $0.10 | 1987-02-02 | 1987-02-10 | 1987-02-23 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TYL — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30