(TYL) Tyler Technologies - Overview
Stock: Software, Platform, Billing, Tax, Permits
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 38.8% |
| Relative Tail Risk | -8.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.86 |
| Alpha | -54.98 |
| Character TTM | |
|---|---|
| Beta | 0.644 |
| Beta Downside | 0.525 |
| Drawdowns 3y | |
|---|---|
| Max DD | 48.66% |
| CAGR/Max DD | 0.05 |
Description: TYL Tyler Technologies December 19, 2025
Tyler Technologies (NYSE:TYL) delivers integrated software and technology-management solutions to U.S. public-sector entities, operating through two primary segments: Enterprise Software and Platform Technologies.
The product suite spans cybersecurity and threat-detection services, employee-training modules, data-analytics platforms, and digital payment workflows, as well as niche outdoor-recreation tools for campsite reservations and park-management data. Core public-administration applications cover civil-service permitting, health-safety inspections, 311 request handling, financial management (HR, tax billing, utilities, asset tracking), property-tax lifecycle services, licensing, courts, public safety, K-12 education, and health-human-services workflows.
Tyler maintains a strategic cloud-hosting partnership with Amazon Web Services, leveraging AWS infrastructure to deliver SaaS offerings at scale. The firm was founded in 1966 and is headquartered in Plano, Texas.
Recent performance metrics (FY 2023, per the latest 10-K): revenue of $1.93 billion, up ~6 % YoY; operating margin of 21 %; and recurring-revenue subscription share of roughly 70 % of total sales. The backlog stood at $1.2 billion, indicating a multi-year order pipeline. Analyst consensus expects FY 2024 revenue growth of 5-7 % driven by continued municipal IT-modernization budgets.
Key economic and sector drivers: (1) State and local government capital-expenditure cycles, which historically allocate 2-3 % of budget to IT modernization; (2) Rising cybersecurity spending in the public sector, projected to grow at a CAGR of ~9 % through 2028; and (3) Demographic pressure on K-12 and human-services agencies, fueling demand for cloud-based student-information and case-management systems.
For a concise, data-driven snapshot of Tyler’s valuation and risk profile, the ValueRay platform provides a ready-made dashboard worth exploring.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 315.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.47 > 1.0 |
| NWC/Revenue: 2.04% < 20% (prev 10.44%; Δ -8.40% < -1%) |
| CFO/TA 0.12 > 3% & CFO 634.4m > Net Income 315.3m |
| Net Debt (-190.7m) to EBITDA (527.4m): -0.36 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.7m) vs 12m ago 0.08% < -2% |
| Gross Margin: 44.24% > 18% (prev 0.41%; Δ 4383 % > 0.5%) |
| Asset Turnover: 43.97% > 50% (prev 41.58%; Δ 2.39% > 0%) |
| Interest Coverage Ratio: 77.39 > 6 (EBITDA TTM 527.4m / Interest Expense TTM 5.00m) |
Altman Z'' 3.02
| A: 0.01 (Total Current Assets 1.74b - Total Current Liabilities 1.69b) / Total Assets 5.46b |
| B: 0.39 (Retained Earnings 2.12b / Total Assets 5.46b) |
| C: 0.07 (EBIT TTM 387.1m / Avg Total Assets 5.23b) |
| D: 1.14 (Book Value of Equity 2.12b / Total Liabilities 1.85b) |
| Altman-Z'' Score: 3.02 = A |
Beneish M -3.12
| DSRI: 1.02 (Receivables 698.7m/619.5m, Revenue 2.30b/2.08b) |
| GMI: 0.92 (GM 44.24% / 40.75%) |
| AQI: 0.91 (AQ_t 0.65 / AQ_t-1 0.71) |
| SGI: 1.11 (Revenue 2.30b / 2.08b) |
| TATA: -0.06 (NI 315.3m - CFO 634.4m) / TA 5.46b) |
| Beneish M-Score: -3.12 (Cap -4..+1) = AA |
What is the price of TYL shares?
Over the past week, the price has changed by -5.70%, over one month by -21.48%, over three months by -25.09% and over the past year by -43.44%.
Is TYL a buy, sell or hold?
- StrongBuy: 7
- Buy: 8
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TYL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 612.2 | 75.7% |
| Analysts Target Price | 612.2 | 75.7% |
| ValueRay Target Price | 293.2 | -15.8% |
TYL Fundamental Data Overview February 04, 2026
P/E Forward = 28.3286
P/S = 6.8307
P/B = 4.3339
P/EG = 1.6912
Revenue TTM = 2.30b USD
EBIT TTM = 387.1m USD
EBITDA TTM = 527.4m USD
Long Term Debt = 597.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 608.9m USD (from shortTermDebt, last quarter)
Debt = 643.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -190.7m USD (from netDebt column, last quarter)
Enterprise Value = 15.51b USD (15.70b + Debt 643.4m - CCE 834.1m)
Interest Coverage Ratio = 77.39 (Ebit TTM 387.1m / Interest Expense TTM 5.00m)
EV/FCF = 25.06x (Enterprise Value 15.51b / FCF TTM 618.9m)
FCF Yield = 3.99% (FCF TTM 618.9m / Enterprise Value 15.51b)
FCF Margin = 26.93% (FCF TTM 618.9m / Revenue TTM 2.30b)
Net Margin = 13.72% (Net Income TTM 315.3m / Revenue TTM 2.30b)
Gross Margin = 44.24% ((Revenue TTM 2.30b - Cost of Revenue TTM 1.28b) / Revenue TTM)
Gross Margin QoQ = 47.23% (prev 43.51%)
Tobins Q-Ratio = 2.84 (Enterprise Value 15.51b / Total Assets 5.46b)
Interest Expense / Debt = 0.19% (Interest Expense 1.24m / Debt 643.4m)
Taxrate = 21.53% (23.2m / 107.6m)
NOPAT = 303.8m (EBIT 387.1m * (1 - 21.53%))
Current Ratio = 1.03 (Total Current Assets 1.74b / Total Current Liabilities 1.69b)
Debt / Equity = 0.18 (Debt 643.4m / totalStockholderEquity, last quarter 3.60b)
Debt / EBITDA = -0.36 (Net Debt -190.7m / EBITDA 527.4m)
Debt / FCF = -0.31 (Net Debt -190.7m / FCF TTM 618.9m)
Total Stockholder Equity = 3.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.03% (Net Income 315.3m / Total Assets 5.46b)
RoE = 8.92% (Net Income TTM 315.3m / Total Stockholder Equity 3.53b)
RoCE = 9.37% (EBIT 387.1m / Capital Employed (Equity 3.53b + L.T.Debt 597.9m))
RoIC = 7.35% (NOPAT 303.8m / Invested Capital 4.13b)
WACC = 7.97% (E(15.70b)/V(16.34b) * Re(8.29%) + D(643.4m)/V(16.34b) * Rd(0.19%) * (1-Tc(0.22)))
Discount Rate = 8.29% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.87%
[DCF Debug] Terminal Value 81.12% ; FCFF base≈568.6m ; Y1≈689.1m ; Y5≈1.13b
Fair Price DCF = 450.9 (EV 19.21b - Net Debt -190.7m = Equity 19.40b / Shares 43.0m; r=7.97% [WACC]; 5y FCF grow 22.65% → 2.90% )
EPS Correlation: -7.22 | EPS CAGR: -45.95% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.99 | Revenue CAGR: 8.85% | SUE: 0.33 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.01 | Chg30d=+0.006 | Revisions Net=+1 | Analysts=21
EPS next Year (2026-12-31): EPS=12.56 | Chg30d=+0.030 | Revisions Net=+1 | Growth EPS=+10.1% | Growth Revenue=+8.9%