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Earnings transcript
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TYL
Tyler Technologies, Inc.
$290.75
-3.65
(-1.24%)
| Exchange: | NYSE |
| Market Cap: | 12.26B |
| Shares Outstanding: | 18.919M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | H. Lynn Moore Jr. | |||||
| Full Time Employees: | 7462 | |||||
| Address: |
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| Website: | https://www.tylertech.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,951,751 | 2,137,803 | 2,332,340 |
| Gross Profit | 786,467 | 876,134 | 1,027,281 |
| EBITDA | 392,632 | 466,467 | 543,177 |
| Operating Income | 218,537 | 299,526 | 357,676 |
| Net Income | 165,919 | 263,026 | 315,603 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,676,663 | 5,180,015 | 5,638,908 |
| Total Liabilities | 1,738,668 | 1,791,593 | 1,936,119 |
| Total Stockholders Equity | 2,937,995 | 3,388,422 | 3,702,789 |
| Total Debt | 696,889 | 638,368 | 642,608 |
| Cash and Cash Equivalents | 165,493 | 744,721 | 1,015,400 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 380,440 | 624,633 | 653,543 |
| Capital Expenditure | -53,009 | -20,535 | -16,015 |
| Free Cash Flow | 327,431 | 604,098 | 637,528 |
| Net Income | 165,919 | 263,026 | 315,603 |
| Net Change in Cash | -8,364 | 579,228 | 270,679 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,954,595.432 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,020,296.547 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,983,797.320 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 776,452.016 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 793,717.921 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 784,126.117 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,093,476.131 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,125,180.247 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,107,567.385 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 647,096.124 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 661,485.551 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 653,491.730 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 25.280 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 25.680 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 24.960 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Tyler Technologies reported strong revenue of $596.1 million in Q2 2025, reflecting consistent growth as highlighted in the earnings call transcript. This performance aligns with positive historical revenue trends from income statements, indicating sustained demand for its solutions.
- Solid Financial Position: Key metrics such as a favorable current ratio (TTM) and manageable debt-to-equity ratio (TTM) from the balance sheet and key metrics data suggest financial stability, providing the company with flexibility for future investments.
- Industry Leadership: As part of the software industry within the technology sector, TYL benefits from strong sector performance metrics (sector_perf1y and sector_perf5y), positioning it well against competitors and reflecting a strong market presence as noted in the company profile.
- Operational Efficiency: High gross profit margin (TTM) and positive free cash flow (TTM) from key metrics and cash flow statements indicate effective cost management and cash generation capabilities, supporting reinvestment and shareholder value.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TYL intrinsic value between $204.36 – $529.47 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about TYL valuation
Is Tyler Technologies, Inc. (TYL) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Tyler Technologies, Inc. (TYL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TYL a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TYL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TYL’s P/E ratio?
You can see TYL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TYL?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TYL a good long-term investment?
Whether TYL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TYL
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Daily snapshot
-1.24
Trading Metrics:
| Open: | 297.27 | Previous Close: | 294.4 | |
| Day Low: | 286.73 | Day High: | 299.97 | |
| Year Low: | 270.71 | Year High: | 621.34 | |
| Price Avg 50: | 314.55 | Price Avg 200: | 401.15 | |
| Volume: | 641588 | Average Volume: | 725846 |
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Login — it's freeTYL full analysis
Welcome to MARKETSNAP’s SWOT analysis for Tyler Technologies, a company that might not be on everyone’s radar but certainly deserves a closer look if you’re hunting for solid long-term opportunities in the tech space. Today, we’re diving deep into what makes this company tick, breaking down its strengths, weaknesses, opportunities, and threats, all while keeping an eye on what this means for you as a long-term investor. So, grab a coffee, let’s chat about Tyler Technologies, and figure out if…
