TYL Tyler Technologies
$358.39
▼ 1.4%Updated Oct 16, 2:25 PM ET
Report Card
TYL at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Neutral · 45/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▼ Down 51.0% in the year to Jul 6, 2026
Key Metrics
Market Cap
$13.41B
P/E
47.99x
Forward P/E (est.)
44.03x
ROE
8.7%
Revenue Growth
8.7%
EPS Growth
9.0%
Profit Margin
13.3%
FCF Yield
2.5%
Debt / Equity
0.16x
ROIC
8.0%
Interest Coverage
—
Current Ratio
1.55x
Dividend Yield
—
Implied Growth (rev. DCF)
4.1%
Rating Score
45/100
Business Overview
Tyler Technologies (TYL) is a large-cap company in the Application Software industry, part of the Information Technology sector of the S&P 500, with a market value around $13.41B.
In its latest reported year it generated about $2.33B in revenue and $315.60M in net profit.
Our model rates TYL Neutral (45/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedThe filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
44.8% average over the last 3 years
±1.9 pts around 45.9% across 10 years
grew in 9 of the last 9 year-over-year periods
positive in 10 of 10 years
8.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TYL's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TYL trades near $358.39, around its 50-day average ($311.21) and 200-day average ($396.24). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 61 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. TYL's is $13.14 (~3.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, TYL found buyers near $270.71 (support) and sellers near $320.06 (resistance); its 52-week range then was $270.71–$621.34. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.8× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
10.0%
Revenue moved from $759.88M in 2016 to $2.33B in 2025, a 13.3% compound annual growth rate. The most recent year grew a steady 8.7% year over year. Slower, mature growth is common for established businesses.
Profitability
Gross Margin
46.5%
Operating Margin
15.3%
Net Margin
13.5%
ROE
8.7%
Tyler Technologies keeps about 13.3% of each sales dollar as net profit, with a 46.5% gross margin and 15.3% operating margin. Return on equity is 8.7% and return on invested capital about 8.0%. Margins are moderate — typical of a competitive but profitable business.
Debt Analysis
Total Debt
$599.66M
Net Debt
-$295.69M
Net cash position
Net Debt / EBITDA
-0.83x
Debt / Equity
0.16x
Leverage: debt-to-equity is 0.2x, with a current ratio of 1.6x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $599.66M of total debt against $895.35M of cash.
Cash Flow Analysis
Operating CF
$653.54M
Free Cash Flow
$637.53M
FCF Margin
27.3%
In the latest year Tyler Technologies produced about $653.54M of operating cash flow and $637.53M of free cash flow after capital spending. That is a free-cash-flow yield of about 2.5% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Valuation Analysis
P/E
47.99x
P/S
5.41x
P/B
6.34x
EV / EBITDA
—
TYL trades at 48.0x trailing earnings (about 44.0x on estimated forward earnings), 5.4x sales, and 6.3x book value. Reverse-engineering today's price implies the market expects roughly 4.1% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$347.66
Current price
$358.39
Starting FCF (latest 10-K)
$637.53M
Growth, years 1–5
8.7%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where TYL sits versus the Information Technology companies we cover.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How TYL stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
Among the 98 rated Information Technology companies we cover, TYL ranks #75 by our overall rating. It trades at a premium versus the sector on earnings (48x P/E vs. 36.2x median) with a lower return on equity (8.7% vs. 17.5%) and slower revenue growth (8.7% vs. 17.7%).
P/E vs sector
48x
median 36.2x
ROE vs sector
8.7%
median 17.5%
Growth vs sector
8.7%
median 17.7%
Sector rank
#75
of 98 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 98 rated companies among the 230 Information Technology stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$389.28 – $644.33
vs. $358.39 today · implied CAGR 2% – 12%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $2.54B | $2.77B | $3.02B | $3.29B | $3.59B |
| Net income | $355.92M | $387.95M | $422.86M | $460.92M | $502.40M |
| EPS | $9.51 | $10.37 | $11.30 | $12.32 | $13.42 |
| Share price (low) | $275.78 | $300.60 | $327.65 | $357.14 | $389.28 |
| Share price (high) | $456.46 | $497.54 | $542.32 | $591.13 | $644.33 |
| CAGR (low–high) | -23% / 27% | -8% / 18% | -3% / 15% | -0% / 13% | 2% / 12% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for TYL:
- A conservative balance sheet (debt/equity 0.2x) lowers risk.
- As an established S&P 500 member in Information Technology, it brings scale and a long operating history.
Bear Case
The case against TYL:
- A rich 48.0x earnings multiple prices in a lot of growth.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Valuation risk — at 48.0x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the picture is mixed: Tyler Technologies is a large-cap information technology business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 48.0x earnings, which our model scores Neutral (45/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 28 Wall Street analysts covering TYL recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
TYL's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
TYL — frequently asked questions
Is TYL a good stock to buy?
We don't give buy or sell advice. Our model rates Tyler Technologies Neutral (45/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is TYL's rating on The Stocks School?
Tyler Technologies currently scores 45/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does TYL's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Tyler Technologies's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for TYL calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this TYL analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell TYL. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.