FirmAtlas
Company handbook · TYL · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
TYL · CIK 860731 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
TYLER TECHNOLOGIES, INC.
$360.87
−2.75 (−0.76%)
Close, Oct 16, 2026 · 52-week $271–524
Last fiscal year
TYLER TECHNOLOGIES, INC. reported revenue of $2.3B for the year ended Dec 31, 2025 (FY25), up 9.1% from FY24. Net income was $316M, operating cash flow $654M and free cash flow $638M. Source: 10-K filed Feb 18, 2026.
Market cap
$15.8B
P/E
48.7
EV/EBITDA
30.9x
P/B
5.2
ROIC
9.0%
Revenue 1Y
9.1%/yr
EPS 1Y
19.0%/yr
Shares 1Y
+0.7%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOH. Lynn Moore, Jr.
HQPlano, TX
AuditorErnst & Young LLP
Employees7,800
Year endsDecember
Revenue by segment · FY25
Enterprise Software73%
Platform Technologies27%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.9%
−6.4%
−2.0%
−27.3%
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Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$296M deployed
Capex
$37M
12.3%
Acquisitions
$85M
28.7%
Buybacks
$175M
59.0%
Operating cash flow over the period: $1.3B. Total debt changed by +$2M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
2,138
2,332+9.1%
2,430
YoY
+9.1%
Gross profit
936
1,084+15.8%
1,147
Gross margin
43.8%
46.5%+2.7 pp
—
Operating income
300
358+19.4%
368
Operating margin
14.0%
15.3%+1.3 pp
—
EBITDA
443
496+12.0%
—
EBITDA margin
20.7%
21.3%+0.5 pp
—
Interest expense
6
5−15.8%
—
Interest coverage
74.69x
99.31x+24.62x
—
Net income
263
316+20.0%
325
YoY
+20.0%
Net margin
12.3%
13.5%+1.2 pp
—
EPS (diluted, $)
6.05
7.20+19.0%
7.54
YoY
+19.0%
Balance sheet
Total assets
5,180
5,639+8.9%
5,814
Cash & short-term investments
768
1,097+42.9%
—
Accounts receivable
588
639+8.7%
—
Net PP&E
164
160−2.1%
—
Other assets
3,661
3,743+2.2%
—
Total liabilities
1,792
1,936+8.1%
2,776
Accounts payable
157
175+11.4%
—
Total debt
598
600+0.3%
—
Other liabilities
1,037
1,162+12.1%
—
Shareholders’ equity
3,388
3,703+9.3%
3,037
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
625
654+4.6%
731
Net income
263
316+20.0%
—
Depreciation & amortization
143
138−3.5%
—
Stock-based compensation
123
151+23.2%
—
Working capital & other
95
48−49.3%
—
Cash from investing
(68)
(222)n/m
—
Capex
(21)
(16)n/m
—
Acquisitions
(1)
(84)n/m
—
Investments bought
(32)
(228)n/m
—
Investments sold / matured
16
122+662.1%
—
Other investing
(29)
(16)n/m
—
Cash from financing
22
(160)−822.2%
—
Buybacks
0
(175)n/m
—
Other financing
22
14−35.7%
—
Net change in cash
579
271−53.3%
—
Free cash flow (OCF − capex)
604
638+5.5%
714
Where the cash went
Operating cash flow
625
654+4.6%
731
Reinvested in the business
22
100+354.5%
—
% of operating cash flow
3.5%
15.3%
Capex
21
16−22.0%
16
Acquisitions
1
84+5896.6%
—
Free cash flow
604
638+5.5%
714
YoY
+5.5%
Returned to shareholders
0
175n/m
—
% of free cash flow
0.0%
27.4%
Buybacks
0
175n/m
—
Change in total debt
—
2
—
Cash left over
—
381
—
FCF conversion (FCF ÷ net income)
229.7%
202.0%−27.7 pp
—
Owner earnings
—
405
—
Owner earnings margin
—
17.3%
—
Returns & ratios
ROIC (all capital)
7.9%
9.0%+1.1 pp
—
ROIC (operating)
43.0%
47.4%+4.5 pp
—
Net debt / EBITDA
−0.38x
−1.00x−0.62x
—
Debt / equity
0.18x
0.16x−0.01x
—
ROE
7.8%
8.5%+0.8 pp
—
ROA
5.1%
5.6%+0.5 pp
—
ROCE
7.3%
9.2%+1.9 pp
—
NOPAT
256
289+13.1%
—
Invested capital (operating)
595
624+5.0%
—
Invested capital (all)
3,218
3,205−0.4%
—
Reinvestment rate
—
10.3%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
596
575
614
645
vs year-ago quarter
Gross profit
281
262
296
307
Gross margin
47.2%
45.5%
48.3%
47.6%
Operating income
98
75
100
95
Net income
84
66
81
94
vs year-ago quarter
Net margin
14.2%
11.4%
13.2%
14.5%
EPS (diluted, $)
1.93
1.50
1.88
2.23
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
5,457
5,639
4,799
5,814
Cash & equivalents
834
1,097
316
895
Total debt
599
600
—
—
Shareholders’ equity
3,603
3,703
3,558
3,037
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
255
244
107
124
Capex
4
4
3
5
Free cash flow
251
240
104
119
vs year-ago quarter