Tyler Technologies IncTYL

NYSETechnologyServices-Prepackaged Software
Price (close)
$326.85
Market cap
$13.4B
P/E
41.2x
Revenue (TTM)
$2.4B
Net income
$324.6M
Dividend yield
—
1-year total return
-37.4%
Net margin
13.4%
Revenue growth
8.2%
Debt / equity
0.20x

What Tyler Technologies Inc does.

Tyler Technologies, Inc. (“Tyler” or “Company”) is a leading provider of integrated software and technology management solutions for the public sector. Our solutions empower local, state, and federal government entities to create smarter, safer, and stronger communities. We offer the broadest range of software solutions and services designed for every level of public sector government agency. Our solutions deliver mission-critical technology to support the essential functions of government, including public safety, justice, public health, taxation and budgeting, infrastructure and land use, outdoor recreation, utility and civic services, regulation, K-12 education, and social services. We provide both the back-office systems-of-record that serve the operational needs of specific government agencies, as well as platform technology solutions that are designed to integrate with our back-office solutions and be deployed and connected across many agencies. Examples of transformative platform technologies include our market-leading payments platform, data platform, low-code application development platform, and digital resident experience solutions.

We maintain deep, long-term relationships with state and local government agencies, including dedicated state-level offices in the 30 states in which we have enterprise contracts. Our professional information technology (“IT”) services include cloud-based software deployment, data conversion, and training. We also provide continuing client support services to ensure product performance and reliability, providing us with long-term client relationships and a significant base of recurring revenue.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.1B$1.6B$1.9B$2.0B$2.1B$2.3B
Net income$194.8M$161.5M$164.2M$165.9M$263.0M$315.6M
Free cash flow$332.4M$337.8M$358.9M$359.9M$604.1M$637.5M

More on TYL.

Figures from Tyler Technologies Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.