Tyler Technologies (TYL) Financials

$572.36 +3.82 (+0.67%)

As of 03:58 PM Eastern

Annual Income Statements for Tyler Technologies

This table shows Tyler Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	65	114	170	147	147	195	161	164	166	263
Consolidated Net Income / (Loss)	65	114	170	147	147	195	161	164	166	263
Net Income / (Loss) Continuing Operations	65	114	170	147	147	195	161	164	166	263
Total Pre-Tax Income	108	136	163	156	160	175	159	188	198	308
Total Operating Income	108	138	163	152	156	173	181	214	219	300
Total Gross Profit	277	359	399	440	517	543	710	784	861	936
Total Revenue	591	760	841	935	1,086	1,117	1,592	1,850	1,952	2,138
Operating Revenue	591	760	841	935	1,086	1,117	1,592	1,850	1,952	2,138
Total Cost of Revenue	314	401	442	496	570	574	883	1,066	1,091	1,202
Operating Cost of Revenue	314	401	442	496	570	574	883	1,066	1,091	1,202
Total Operating Expenses	169	222	237	287	361	370	529	570	643	636
Selling, General & Admin Expense	133	165	176	208	258	161	272	267	309	301
Marketing Expense	-	-	-	-	-	98	119	136	150	158
Research & Development Expense	30	43	47	63	81	88	93	105	110	118
Amortization Expense	5.91	13	13	16	21	22	45	61	75	60
Total Other Income / (Expense), net	0.38	-2.00	0.70	3.38	3.47	2.12	-22	-27	-20	8.64
Interest Expense	-	-	-	-	2.03	1.01	23	28	24	5.93
Other Income / (Expense), net	0.38	-2.00	0.70	3.38	5.50	3.13	1.54	1.72	3.33	15
Income Tax Expense	44	22	-6.12	8.41	13	-20	-2.48	23	32	45
Basic Earnings per Share	$1.90	$3.12	$4.55	$3.84	$3.79	$4.87	$3.95	$3.95	$3.95	$6.17
Weighted Average Basic Shares Outstanding	34.14M	36.83M	37.27M	38.45M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M
Diluted Earnings per Share	$1.77	$2.92	$4.32	$3.68	$3.65	$4.69	$3.82	$3.87	$3.88	$6.05
Weighted Average Diluted Shares Outstanding	34.14M	36.83M	37.27M	38.45M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M
Weighted Average Basic & Diluted Shares Outstanding	34.14M	36.83M	37.27M	38.45M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M

This table shows Tyler Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	53	31	31	49	47	39	54	68	76	65
Consolidated Net Income / (Loss)	53	31	31	49	47	39	54	68	76	65
Net Income / (Loss) Continuing Operations	53	31	31	49	47	39	54	68	76	65
Total Pre-Tax Income	52	34	39	56	59	45	67	79	86	77
Total Operating Income	61	41	45	62	64	48	67	78	83	72
Total Gross Profit	205	193	200	223	225	213	224	238	237	237
Total Revenue	473	452	472	504	495	481	512	541	543	541
Operating Revenue	473	452	472	504	495	481	512	541	543	541
Total Cost of Revenue	269	259	272	281	270	268	289	303	306	304
Operating Cost of Revenue	269	259	272	281	270	268	289	303	306	304
Total Operating Expenses	144	153	155	161	161	165	157	160	155	165
Selling, General & Admin Expense	70	67	72	78	79	80	73	75	72	80
Marketing Expense	34	35	37	37	36	40	36	42	38	42
Research & Development Expense	25	33	27	28	28	26	29	29	30	29
Amortization Expense	15	18	18	18	19	19	18	14	14	14
Total Other Income / (Expense), net	-9.13	-7.09	-6.44	-5.74	-5.02	-3.10	-0.34	0.63	3.27	5.08
Interest Expense	9.26	8.10	7.68	6.39	5.81	3.75	2.18	1.25	1.24	1.26
Other Income / (Expense), net	0.13	1.01	1.25	0.64	0.79	0.65	1.85	1.88	4.50	6.34
Income Tax Expense	-1.45	2.54	7.67	7.00	12	5.75	12	11	10	12
Basic Earnings per Share	$1.28	$0.74	$0.74	$1.17	$1.12	$0.92	$1.28	$1.59	$1.78	$1.52
Weighted Average Basic Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M
Diluted Earnings per Share	$1.26	$0.73	$0.73	$1.15	$1.10	$0.90	$1.26	$1.57	$1.74	$1.48
Weighted Average Diluted Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M
Weighted Average Basic & Diluted Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M

This table details how cash moves in and out of Tyler Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-173	3.06	150	-52	98	371	-294	-135	-8.36	579
Net Cash From Operating Activities	134	192	196	250	255	355	372	381	380	625
Net Cash From Continuing Operating Activities	134	192	196	250	255	355	372	381	380	625
Net Income / (Loss) Continuing Operations	65	114	170	147	147	195	161	164	166	263
Consolidated Net Income / (Loss)	65	114	170	147	147	195	161	164	166	263
Depreciation Expense	20	50	53	62	77	82	136	159	154	143
Amortization Expense	-	-	-	-	-	5.78	10	13	17	8.93
Non-Cash Adjustments To Reconcile Net Income	22	34	39	52	67	71	108	106	117	118
Changes in Operating Assets and Liabilities, net	28	-5.85	-67	-11	-35	1.95	-43	-61	-73	92
Net Cash From Investing Activities	-398	-51	-85	-238	-245	-98	-2,091	-173	-77	-68
Net Cash From Continuing Investing Activities	-398	-51	-85	-238	-245	-98	-2,091	-173	-77	-68
Purchase of Property, Plant & Equipment	-13	-38	-43	-27	-42	-28	-56	-50	-53	-50
Acquisitions	-340	-9.39	-11	-178	-219	-11	-2,090	-164	-63	-1.40
Purchase of Investments	-47	-20	-60	-116	-55	-157	-77	-30	-11	-32
Sale and/or Maturity of Investments	0.90	17	29	81	71	83	131	71	49	16
Other Investing Activities, net	0.01	-0.12	-0.00	1.68	-0.30	0.31	0.38	0.44	0.01	0.17
Net Cash From Financing Activities	91	-138	39	-64	89	114	1,425	-344	-312	22
Net Cash From Continuing Financing Activities	91	-138	39	-64	89	114	1,425	-344	-312	22
Repayment of Debt	-2.13	-56	-10	0.00	0.00	0.00	-172	-360	-345	-53
Issuance of Common Equity	4.67	6.24	7.04	8.05	9.58	11	13	17	16	18
Other Financing Activities, net	23	24	50	75	97	119	97	-0.89	17	57
Cash Interest Paid	-	-	-	-	-	0.61	18	21	19	3.10
Cash Income Taxes Paid	-	-	-	-	-	3.26	2.21	38	143	84

This table details how cash moves in and out of Tyler Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-67	-12	-43	-12	13	34	23	62	288	206
Net Cash From Operating Activities	129	122	75	-19	177	147	72	64	264	225
Net Cash From Continuing Operating Activities	129	122	75	-19	177	147	72	64	264	225
Net Income / (Loss) Continuing Operations	53	31	31	49	47	39	54	68	76	65
Consolidated Net Income / (Loss)	53	31	31	49	47	39	54	68	76	65
Depreciation Expense	41	42	38	38	38	40	40	34	35	35
Amortization Expense	4.14	3.73	3.80	2.77	5.69	4.43	2.52	2.34	2.40	1.67
Non-Cash Adjustments To Reconcile Net Income	27	28	28	26	27	36	27	31	31	29
Changes in Operating Assets and Liabilities, net	3.92	17	-26	-135	59	28	-52	-71	120	94
Net Cash From Investing Activities	-15	-47	-0.60	0.11	-40	-36	-13	-13	-9.40	-33
Net Cash From Continuing Investing Activities	-15	-47	-0.60	0.11	-40	-36	-13	-13	-9.40	-33
Purchase of Property, Plant & Equipment	-14	-7.15	-11	-14	-15	-13	-15	-16	-11	-8.79
Purchase of Investments	-16	-9.51	-11	-	-	-	0.00	-	-	-32
Sale and/or Maturity of Investments	14	16	23	14	8.35	3.96	3.27	3.08	1.35	8.29
Other Investing Activities, net	0.17	0.12	0.02	-	0.03	-0.04	0.02	0.00	0.15	0.01
Net Cash From Financing Activities	-181	-87	-117	7.00	-125	-77	-36	11	33	15
Net Cash From Continuing Financing Activities	-181	-87	-117	7.00	-125	-77	-36	11	33	15
Issuance of Common Equity	4.46	4.04	3.04	4.71	4.03	4.42	3.55	4.92	4.35	4.81
Other Financing Activities, net	4.41	-1.19	-0.16	2.28	6.32	8.52	10	5.85	32	9.78
Cash Interest Paid	8.99	6.55	6.78	5.50	4.53	2.33	1.74	0.19	0.93	0.24
Cash Income Taxes Paid	11	3.17	-0.55	93	25	25	-0.68	40	6.60	39

This table presents Tyler Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,357	1,358	1,611	1,791	2,192	2,607	4,732	4,687	4,677	5,180
Total Current Assets	268	283	521	519	680	1,113	964	847	861	1,441
Cash & Equivalents	33	36	186	134	233	604	309	174	165	745
Short-Term Investments	13	20	43	44	39	72	52	37	10	23
Accounts Receivable	176	200	246	299	374	382	521	577	620	588
Prepaid Expenses	22	21	32	33	25	31	56	51	55	65
Current Deferred & Refundable Income Taxes	21	2.90	11	4.70	6.48	22	18	-	0.00	12
Other Current Assets	1.93	2.27	2.00	3.41	2.33	2.48	8.15	8.24	10	8.06
Plant, Property, & Equipment, net	101	124	152	155	172	168	181	173	170	164
Total Noncurrent Assets	987	951	938	1,117	1,340	1,326	3,587	3,667	3,646	3,575
Long-Term Investments	35	31	39	70	-	83	46	19	7.05	11
Noncurrent Note & Lease Receivables	2.78	2.48	12	16	22	21	14	8.27	8.99	7.15
Goodwill	654	650	658	754	840	838	2,360	2,489	2,532	2,532
Intangible Assets	295	267	230	277	379	331	1,081	1,050	996	908
Other Noncurrent Operating Assets	-	-	-	-	99	53	86	101	102	118
Total Liabilities & Shareholders' Equity	1,357	1,358	1,611	1,791	2,192	2,607	4,732	4,687	4,677	5,180
Total Liabilities	498	442	420	383	575	621	2,408	2,063	1,739	1,792
Total Current Liabilities	338	362	371	424	509	564	830	890	1,001	1,066
Short-Term Debt	-	-	-	-	-	0.00	30	30	50	0.00
Accounts Payable	6.79	7.30	8.17	6.91	15	14	120	105	146	157
Accrued Expenses	49	56	65	66	75	83	158	132	159	198
Current Deferred Revenue	282	298	299	351	412	461	511	569	633	701
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.00	44	2.47	0.00
Other Current Liabilities	-	-	-	-	6.39	5.90	11	11	11	9.64
Total Noncurrent Liabilities	160	81	48	-41	65	57	1,579	1,173	738	726
Long-Term Debt	66	10	0.00	0.00	0.00	0.00	593	594	596	598
Noncurrent Deferred Revenue	3.12	2.14	1.27	0.42	0.20	0.10	0.04	2.04	0.29	22
Noncurrent Deferred & Payable Income Tax Liabilities	91	69	47	42	48	41	228	149	79	48
Other Noncurrent Operating Liabilities	-	-	-	-	17	16	758	428	62	58
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	859	916	1,192	1,325	1,617	1,986	2,324	2,624	2,938	3,388
Total Preferred & Common Equity	859	916	1,192	1,325	1,617	1,986	2,324	2,624	2,938	3,388
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	859	916	1,192	1,325	1,617	1,986	2,324	2,624	2,938	3,388
Common Stock	608	557	627	732	740	906	1,076	1,210	1,355	1,540
Retained Earnings	326	436	624	772	917	1,112	1,274	1,438	1,604	1,867
Treasury Stock	-75	-77	-60	-179	-40	-32	-26	-23	-21	-18
Accumulated Other Comprehensive Income / (Loss)	-0.05	-0.05	-0.05	-0.05	-0.05	-0.05	-0.05	-0.84	-0.33	-0.16

This table presents Tyler Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	4,675	4,687	4,556	4,636	4,637	4,677	4,609	4,819	4,997	5,180
Total Current Assets	860	847	746	857	842	861	824	1,042	1,239	1,441
Cash & Equivalents	186	174	131	119	131	165	188	251	538	745
Short-Term Investments	39	37	29	19	12	10	8.71	7.29	5.99	23
Accounts Receivable	562	577	509	639	624	620	542	701	620	588
Prepaid Expenses	59	51	71	71	60	55	76	77	68	65
Current Deferred & Refundable Income Taxes	7.38	-	-	-	7.63	0.00	-	-	-	12
Other Current Assets	6.61	8.24	6.74	9.51	7.29	10	8.55	6.77	6.42	8.06
Plant, Property, & Equipment, net	175	173	168	166	166	170	167	168	165	164
Total Noncurrent Assets	3,640	3,667	3,642	3,613	3,630	3,646	3,617	3,610	3,593	3,575
Long-Term Investments	23	19	15	10	9.55	7.05	5.49	3.88	3.88	11
Noncurrent Note & Lease Receivables	9.21	8.27	9.28	8.31	10	8.99	7.34	7.93	7.33	7.15
Goodwill	2,449	2,489	2,489	2,489	2,510	2,532	2,532	2,532	2,532	2,532
Intangible Assets	1,055	1,050	1,031	1,010	1,005	996	971	952	932	908
Other Noncurrent Operating Assets	104	101	98	95	95	102	101	113	118	118
Total Liabilities & Shareholders' Equity	4,675	4,687	4,556	4,636	4,637	4,677	4,609	4,819	4,997	5,180
Total Liabilities	2,128	2,063	1,870	1,867	1,785	1,739	1,586	1,687	1,721	1,792
Total Current Liabilities	812	890	835	854	909	1,001	873	987	1,022	1,066
Short-Term Debt	30	30	30	30	30	50	0.00	0.00	0.00	0.00
Accounts Payable	108	105	122	119	133	146	145	150	145	157
Accrued Expenses	134	132	105	127	134	159	106	153	161	198
Current Deferred Revenue	529	569	497	566	600	633	572	652	682	701
Current Deferred & Payable Income Tax Liabilities	-	44	69	1.91	0.00	2.47	38	20	22	0.00
Other Current Liabilities	11	11	11	11	12	11	11	11	11	9.64
Total Noncurrent Liabilities	1,316	1,173	1,034	1,013	876	738	713	700	700	726
Long-Term Debt	594	594	595	595	596	596	597	597	598	598
Noncurrent Deferred Revenue	2.47	2.04	1.60	1.16	0.73	0.29	0.00	0.00	0.00	22
Noncurrent Deferred & Payable Income Tax Liabilities	203	149	130	109	105	79	54	42	37	48
Other Noncurrent Operating Liabilities	516	428	308	307	174	62	62	61	66	58
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,547	2,624	2,686	2,768	2,853	2,938	3,023	3,132	3,275	3,388
Total Preferred & Common Equity	2,547	2,624	2,686	2,768	2,853	2,938	3,023	3,132	3,275	3,388
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,547	2,624	2,686	2,768	2,853	2,938	3,023	3,132	3,275	3,388
Common Stock	1,165	1,210	1,240	1,273	1,310	1,355	1,386	1,426	1,492	1,540
Retained Earnings	1,407	1,438	1,469	1,518	1,565	1,604	1,658	1,726	1,802	1,867
Treasury Stock	-23	-23	-22	-22	-21	-21	-20	-19	-19	-18
Accumulated Other Comprehensive Income / (Loss)	-0.85	-0.84	-0.75	-0.79	-0.52	-0.33	-0.27	-0.22	-0.16	-0.16

This table displays calculated financial ratios and metrics derived from Tyler Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.86%	28.57%	10.66%	11.22%	16.16%	2.78%	42.59%	16.20%	5.49%	9.53%
EBITDA Growth	17.35%	44.87%	16.94%	0.36%	9.61%	10.46%	24.53%	18.25%	1.19%	18.81%
EBIT Growth	14.77%	25.12%	20.49%	-4.64%	3.85%	8.77%	3.54%	18.48%	2.73%	41.57%
NOPAT Growth	9.26%	78.49%	46.35%	-14.56%	-0.64%	34.27%	-4.63%	2.19%	-2.49%	39.77%
Net Income Growth	10.06%	75.28%	49.14%	-13.04%	-0.63%	32.96%	-17.12%	1.72%	1.02%	58.53%
EPS Growth	6.63%	64.97%	47.95%	-14.81%	-0.82%	28.49%	-18.55%	1.31%	0.26%	55.93%
Operating Cash Flow Growth	-5.96%	42.83%	2.03%	27.81%	1.81%	39.40%	4.69%	2.61%	-0.27%	64.19%
Free Cash Flow Firm Growth	-771.48%	118.50%	-30.74%	-109.05%	-1,572.60%	346.43%	-464.05%	74.03%	32.17%	326.04%
Invested Capital Growth	548.06%	-0.54%	10.23%	16.42%	25.01%	-8.72%	106.81%	18.93%	12.64%	-5.69%
Revenue Q/Q Growth	5.63%	5.29%	2.51%	2.67%	-17.36%	31.82%	10.42%	1.02%	1.49%	2.90%
EBITDA Q/Q Growth	-0.09%	16.58%	2.47%	-1.23%	6.09%	2.30%	8.69%	2.84%	1.33%	4.87%
EBIT Q/Q Growth	-3.93%	19.47%	2.37%	-3.20%	6.38%	-0.37%	-0.45%	-2.98%	3.10%	10.41%
NOPAT Q/Q Growth	-9.05%	29.96%	21.60%	-19.22%	10.65%	5.28%	3.63%	-11.12%	2.41%	8.18%
Net Income Q/Q Growth	-9.36%	30.27%	22.51%	-19.02%	11.61%	3.90%	0.43%	-12.61%	4.95%	11.12%
EPS Q/Q Growth	-10.61%	29.78%	22.38%	-19.30%	10.94%	2.85%	0.00%	-12.64%	4.58%	10.60%
Operating Cash Flow Q/Q Growth	14.20%	-6.17%	0.81%	7.51%	2.14%	3.67%	7.60%	1.83%	7.20%	14.13%
Free Cash Flow Firm Q/Q Growth	-1,139.56%	119.82%	-22.14%	79.75%	-255.04%	173.96%	-11.81%	-44.47%	11.27%	88.84%
Invested Capital Q/Q Growth	472.34%	-0.35%	5.80%	-1.22%	7.24%	-7.27%	1.17%	3.29%	2.26%	-3.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.90%	47.27%	47.49%	47.00%	47.58%	48.58%	44.57%	42.37%	44.12%	43.77%
EBITDA Margin	21.66%	24.40%	25.79%	23.27%	21.96%	23.60%	20.61%	20.97%	20.12%	21.82%
Operating Margin	18.28%	18.12%	19.36%	16.30%	14.39%	15.49%	11.35%	11.58%	11.20%	14.01%
EBIT Margin	18.35%	17.85%	19.44%	16.67%	14.90%	15.77%	11.45%	11.67%	11.37%	14.69%
Profit (Net Income) Margin	10.98%	14.96%	20.17%	15.77%	13.49%	17.45%	10.14%	8.88%	8.50%	12.30%
Tax Burden Percent	59.83%	83.81%	103.74%	94.61%	91.67%	111.30%	101.56%	87.55%	83.70%	85.35%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	98.75%	99.42%	87.22%	86.86%	89.35%	98.11%
Effective Tax Rate	40.17%	16.19%	-3.74%	5.39%	8.33%	-11.30%	-1.56%	12.45%	16.30%	14.65%
Return on Invested Capital (ROIC)	13.29%	13.72%	19.16%	14.43%	11.84%	14.96%	9.75%	6.75%	5.70%	7.74%
ROIC Less NNEP Spread (ROIC-NNEP)	13.08%	17.32%	18.74%	13.19%	10.62%	14.51%	17.88%	-0.90%	1.74%	12.96%
Return on Net Nonoperating Assets (RNNOA)	-2.44%	-0.91%	-3.07%	-2.71%	-1.88%	-4.15%	-2.25%	-0.11%	0.27%	0.58%
Return on Equity (ROE)	10.85%	12.82%	16.09%	11.72%	9.96%	10.81%	7.49%	6.64%	5.97%	8.32%
Cash Return on Invested Capital (CROIC)	-133.24%	14.27%	9.43%	-0.75%	-10.39%	24.08%	-59.88%	-10.54%	-6.19%	13.59%
Operating Return on Assets (OROA)	11.26%	10.00%	11.01%	9.16%	8.13%	7.34%	4.97%	4.59%	4.74%	6.37%
Return on Assets (ROA)	6.73%	8.38%	11.42%	8.67%	7.36%	8.12%	4.40%	3.49%	3.54%	5.34%
Return on Common Equity (ROCE)	10.85%	12.82%	16.09%	11.72%	9.96%	10.81%	7.49%	6.64%	5.97%	8.32%
Return on Equity Simple (ROE_SIMPLE)	7.55%	12.42%	14.23%	11.13%	9.06%	9.81%	6.95%	6.26%	5.65%	7.76%
Net Operating Profit after Tax (NOPAT)	65	115	169	144	143	192	184	188	183	256
NOPAT Margin	10.94%	15.18%	20.08%	15.42%	13.19%	17.24%	11.53%	10.14%	9.37%	11.96%
Net Nonoperating Expense Percent (NNEP)	0.20%	-3.60%	0.42%	1.24%	1.22%	0.46%	-8.13%	7.65%	3.96%	-5.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.77%	5.10%	6.41%
Cost of Revenue to Revenue	53.10%	52.73%	52.51%	53.00%	52.42%	51.42%	55.43%	57.63%	55.88%	56.23%
SG&A Expenses to Revenue	22.56%	21.74%	20.92%	22.20%	23.72%	14.43%	17.08%	14.45%	15.81%	14.08%
R&D to Revenue	5.06%	5.69%	5.63%	6.76%	7.49%	7.91%	5.87%	5.69%	5.61%	5.52%
Operating Expenses to Revenue	28.62%	29.16%	28.14%	30.70%	33.19%	33.10%	33.22%	30.79%	32.92%	29.76%
Earnings before Interest and Taxes (EBIT)	108	136	163	156	162	176	182	216	222	314
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	128	185	217	218	239	263	328	388	393	466
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.93	5.74	5.54	5.39	7.31	8.92	9.57	5.14	6.02	7.32
Price to Tangible Book Value (P/TBV)	0.00	0.00	21.70	24.28	29.70	21.69	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.07	6.92	7.85	7.64	10.88	15.86	13.97	7.29	9.06	11.60
Price to Earnings (P/E)	91.74	46.24	38.92	48.45	80.66	90.92	137.77	82.09	106.54	94.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.09%	2.16%	2.57%	2.06%	1.24%	1.10%	0.73%	1.22%	0.94%	1.06%
Enterprise Value to Invested Capital (EV/IC)	7.04	6.18	6.85	6.41	8.59	13.81	8.85	4.60	5.33	7.68
Enterprise Value to Revenue (EV/Rev)	10.04	6.82	7.53	7.37	10.63	15.18	14.10	7.50	9.29	11.52
Enterprise Value to EBITDA (EV/EBITDA)	46.37	27.94	29.20	31.68	48.41	64.34	68.45	35.77	46.20	52.79
Enterprise Value to EBIT (EV/EBIT)	54.74	38.19	38.74	44.24	71.34	96.30	123.21	64.26	81.76	78.39
Enterprise Value to NOPAT (EV/NOPAT)	91.81	44.90	37.50	47.79	80.56	88.09	122.36	73.99	99.17	96.31
Enterprise Value to Operating Cash Flow (EV/OCF)	44.18	27.00	32.34	27.56	45.33	47.75	60.41	36.38	47.68	39.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	43.19	76.22	0.00	0.00	54.73	0.00	0.00	0.00	54.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.01	0.00	0.00	0.00	0.00	0.27	0.24	0.22	0.18
Long-Term Debt to Equity	0.08	0.01	0.00	0.00	0.00	0.00	0.26	0.23	0.20	0.18
Financial Leverage	-0.19	-0.05	-0.16	-0.21	-0.18	-0.29	-0.13	0.12	0.15	0.04
Leverage Ratio	1.61	1.53	1.41	1.35	1.35	1.33	1.70	1.90	1.68	1.56
Compound Leverage Factor	1.61	1.53	1.41	1.35	1.34	1.32	1.49	1.65	1.50	1.53
Debt to Total Capital	7.14%	1.08%	0.00%	0.00%	0.00%	0.00%	21.13%	19.22%	18.02%	15.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	0.92%	1.39%	0.00%
Long-Term Debt to Total Capital	7.14%	1.08%	0.00%	0.00%	0.00%	0.00%	20.12%	18.30%	16.64%	15.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.86%	98.92%	100.00%	100.00%	100.00%	100.00%	78.87%	80.78%	81.98%	85.00%
Debt to EBITDA	0.52	0.05	0.00	0.00	0.00	0.00	1.90	1.61	1.65	1.28
Net Debt to EBITDA	-0.12	-0.42	0.00	0.00	0.00	0.00	0.66	1.02	1.18	-0.39
Long-Term Debt to EBITDA	0.52	0.05	0.00	0.00	0.00	0.00	1.81	1.53	1.52	1.28
Debt to NOPAT	1.02	0.09	0.00	0.00	0.00	0.00	3.39	3.33	3.53	2.34
Net Debt to NOPAT	-0.25	-0.67	0.00	0.00	0.00	0.00	1.17	2.11	2.53	-0.71
Long-Term Debt to NOPAT	1.02	0.09	0.00	0.00	0.00	0.00	3.23	3.17	3.26	2.34
Altman Z-Score	8.15	8.40	10.95	12.68	13.76	18.61	6.42	4.89	7.12	9.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.78	1.40	1.22	1.34	1.97	1.16	0.95	0.86	1.35
Quick Ratio	0.66	0.71	1.28	1.13	1.27	1.88	1.06	0.89	0.79	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-648	120	83	-7.52	-126	310	-1,128	-293	-199	449
Operating Cash Flow to CapEx	1,074.53%	508.56%	454.64%	912.35%	605.90%	1,247.41%	668.48%	760.61%	717.69%	1,250.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-62.02	305.81	-48.41	-10.32	-8.41	75.72
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	125.66	350.53	15.96	13.44	16.10	105.32
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	104.92	322.43	13.57	11.67	13.86	96.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.56	0.57	0.55	0.55	0.47	0.43	0.39	0.42	0.43
Accounts Receivable Turnover	4.09	4.03	3.77	3.43	3.23	2.95	3.53	3.37	3.26	3.54
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.08	6.74	6.08	6.08	6.64	6.57	9.12	10.45	11.40	12.82
Accounts Payable Turnover	57.54	56.90	57.08	65.73	52.04	39.61	13.17	9.49	8.69	7.93
Days Sales Outstanding (DSO)	89.25	90.47	96.91	106.36	113.05	123.62	103.54	108.34	111.92	103.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.34	6.41	6.39	5.55	7.01	9.21	27.71	38.47	42.03	46.03
Cash Conversion Cycle (CCC)	82.90	84.06	90.51	100.81	106.04	114.41	75.83	69.86	69.90	57.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	843	838	924	1,076	1,345	1,228	2,539	3,019	3,401	3,208
Invested Capital Turnover	1.21	0.90	0.95	0.94	0.90	0.87	0.85	0.67	0.61	0.65
Increase / (Decrease) in Invested Capital	713	-4.57	86	152	269	-117	1,311	481	382	-193
Enterprise Value (EV)	5,935	5,181	6,332	6,895	11,548	16,954	22,459	13,878	18,140	24,623
Market Capitalization	5,951	5,258	6,599	7,144	11,820	17,713	22,244	13,483	17,676	24,803
Book Value per Share	$25.31	$25.00	$31.72	$34.13	$41.48	$49.25	$56.72	$63.03	$69.75	$79.17
Tangible Book Value per Share	($2.66)	($0.05)	$8.10	$7.58	$10.21	$20.25	($27.25)	($21.98)	($14.01)	($1.20)
Total Capital	925	926	1,192	1,325	1,617	1,986	2,947	3,249	3,584	3,986
Total Debt	66	10	0.00	0.00	0.00	0.00	623	624	646	598
Total Long-Term Debt	66	10	0.00	0.00	0.00	0.00	593	594	596	598
Net Debt	-16	-77	-268	-249	-272	-758	215	395	463	-181
Capital Expenditures (CapEx)	13	38	43	27	42	28	56	50	53	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-116	-135	-80	-84	-101	-127	-197	-223	-267	-393
Debt-free Net Working Capital (DFNWC)	-69	-79	149	95	171	549	165	-12	-91	375
Net Working Capital (NWC)	-69	-79	149	95	171	549	135	-42	-141	375
Net Nonoperating Expense (NNE)	-0.23	1.67	-0.72	-3.20	-3.18	-2.36	22	23	17	-7.38
Net Nonoperating Obligations (NNO)	-16	-77	-268	-249	-272	-758	215	395	463	-181
Total Depreciation and Amortization (D&A)	20	50	53	62	77	87	146	172	171	152
Debt-free, Cash-free Net Working Capital to Revenue	-19.60%	-17.76%	-9.48%	-8.94%	-9.34%	-11.37%	-12.35%	-12.07%	-13.66%	-18.37%
Debt-free Net Working Capital to Revenue	-11.74%	-10.34%	17.76%	10.15%	15.70%	49.15%	10.35%	-0.67%	-4.65%	17.55%
Net Working Capital to Revenue	-11.74%	-10.34%	17.76%	10.15%	15.70%	49.15%	8.47%	-2.29%	-7.20%	17.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.90	$3.01	$4.40	$3.84	$3.79	$4.87	$3.95	$3.95	$3.95	$6.17
Adjusted Weighted Average Basic Shares Outstanding	36.57M	36.83M	37.90M	38.29M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M
Adjusted Diluted Earnings per Share	$1.77	$2.82	$4.18	$3.68	$3.65	$4.69	$3.82	$3.87	$3.88	$6.05
Adjusted Weighted Average Diluted Shares Outstanding	36.57M	36.83M	37.90M	38.29M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.57M	36.83M	37.90M	38.29M	39.40M	40.58M	41.35M	41.82M	42.28M	43.01M
Normalized Net Operating Profit after Tax (NOPAT)	65	115	114	144	143	121	127	188	183	256
Normalized NOPAT Margin	10.94%	15.18%	13.55%	15.42%	13.19%	10.84%	7.95%	10.14%	9.37%	11.96%
Pre Tax Income Margin	18.35%	17.85%	19.44%	16.67%	14.71%	15.68%	9.98%	10.14%	10.16%	14.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	79.85	173.80	7.82	7.61	9.39	52.96
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	70.72	190.00	7.88	6.61	7.74	43.10
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	59.11	145.70	5.44	5.84	7.15	44.54
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	49.98	161.89	5.49	4.84	5.50	34.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.99%	98.36%	4.41%	99.38%	12.14%	7.95%	8.04%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Tyler Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.90%	4.31%	3.45%	7.59%	4.54%	6.35%	8.58%	7.28%	9.84%	12.52%
EBITDA Growth	13.63%	1.70%	-9.56%	6.42%	2.44%	5.87%	26.43%	13.10%	14.14%	23.36%
EBIT Growth	7.80%	-13.70%	-17.79%	9.73%	6.03%	16.00%	48.88%	27.83%	34.93%	61.21%
NOPAT Growth	29.27%	-38.01%	-17.05%	21.25%	-18.52%	10.55%	51.10%	24.07%	43.12%	46.40%
Net Income Growth	20.52%	-43.27%	-22.78%	22.99%	-11.69%	25.18%	75.45%	37.88%	61.45%	67.65%
EPS Growth	21.15%	-43.41%	-22.34%	22.34%	-12.70%	23.29%	72.60%	36.52%	58.18%	64.44%
Operating Cash Flow Growth	-37.01%	5.95%	39.54%	-125.02%	37.19%	20.98%	-3.84%	435.20%	48.58%	52.47%
Free Cash Flow Firm Growth	69.12%	64.59%	68.33%	-87.06%	-0.09%	23.23%	45.20%	63.52%	121.20%	174.81%
Invested Capital Growth	16.49%	18.93%	16.68%	17.26%	13.77%	12.64%	8.94%	6.83%	-0.05%	-5.69%
Revenue Q/Q Growth	0.96%	-4.43%	4.34%	6.87%	-1.90%	-2.78%	6.53%	5.59%	0.44%	-0.41%
EBITDA Q/Q Growth	9.88%	-17.59%	0.65%	16.76%	5.77%	-14.84%	20.20%	4.45%	6.75%	-7.96%
EBIT Q/Q Growth	7.15%	-31.65%	10.79%	35.24%	3.53%	-25.22%	42.20%	16.12%	9.28%	-10.65%
NOPAT Q/Q Growth	40.18%	-39.90%	-4.25%	50.30%	-5.80%	-18.46%	30.87%	23.42%	8.66%	-16.59%
Net Income Q/Q Growth	33.26%	-41.62%	-0.65%	59.13%	-4.31%	-17.25%	39.24%	25.05%	12.04%	-14.07%
EPS Q/Q Growth	34.04%	-42.06%	0.00%	57.53%	-4.35%	-18.18%	40.00%	24.60%	10.83%	-14.94%
Operating Cash Flow Q/Q Growth	68.73%	-5.81%	-38.69%	-125.68%	1,025.23%	-16.95%	-51.27%	-10.49%	310.11%	-14.77%
Free Cash Flow Firm Q/Q Growth	-55.13%	-26.10%	6.87%	-2.68%	17.00%	3.27%	33.52%	31.66%	148.25%	241.29%
Invested Capital Q/Q Growth	5.62%	3.29%	3.89%	3.47%	2.48%	2.26%	0.48%	1.46%	-4.12%	-3.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.25%	42.75%	42.35%	44.26%	45.52%	44.27%	43.65%	43.96%	43.70%	43.76%
EBITDA Margin	22.46%	19.37%	18.68%	20.41%	22.01%	19.28%	21.75%	21.52%	22.87%	21.13%
Operating Margin	12.87%	9.00%	9.53%	12.27%	12.92%	9.93%	13.07%	14.42%	15.24%	13.25%
EBIT Margin	12.90%	9.23%	9.80%	12.40%	13.08%	10.06%	13.43%	14.77%	16.07%	14.42%
Profit (Net Income) Margin	11.25%	6.87%	6.54%	9.74%	9.50%	8.09%	10.57%	12.52%	13.97%	12.05%
Tax Burden Percent	102.79%	92.44%	80.11%	87.53%	79.80%	87.13%	81.29%	86.11%	88.15%	84.96%
Interest Burden Percent	84.83%	80.58%	83.38%	89.78%	91.03%	92.25%	96.83%	98.43%	98.59%	98.39%
Effective Tax Rate	-2.79%	7.56%	19.89%	12.47%	20.20%	12.87%	18.71%	13.89%	11.85%	15.04%
Return on Invested Capital (ROIC)	8.92%	5.54%	4.89%	6.79%	6.35%	5.26%	6.46%	7.51%	8.40%	7.28%
ROIC Less NNEP Spread (ROIC-NNEP)	6.18%	3.39%	3.52%	5.51%	5.40%	4.63%	6.40%	7.64%	9.50%	10.34%
Return on Net Nonoperating Assets (RNNOA)	0.89%	0.42%	0.52%	0.83%	0.85%	0.71%	0.95%	1.05%	0.81%	0.46%
Return on Equity (ROE)	9.81%	5.96%	5.41%	7.62%	7.20%	5.97%	7.41%	8.56%	9.21%	7.74%
Cash Return on Invested Capital (CROIC)	-7.46%	-10.54%	-9.20%	-9.56%	-7.17%	-6.19%	-2.42%	-0.22%	7.15%	13.59%
Operating Return on Assets (OROA)	5.05%	3.62%	3.94%	5.00%	5.40%	4.20%	5.84%	6.34%	6.93%	6.25%
Return on Assets (ROA)	4.40%	2.70%	2.63%	3.93%	3.92%	3.37%	4.60%	5.37%	6.02%	5.23%
Return on Common Equity (ROCE)	9.81%	5.96%	5.41%	7.62%	7.20%	5.97%	7.41%	8.56%	9.21%	7.74%
Return on Equity Simple (ROE_SIMPLE)	7.38%	0.00%	5.78%	5.94%	5.54%	0.00%	6.26%	6.64%	7.23%	0.00%
Net Operating Profit after Tax (NOPAT)	63	38	36	54	51	42	54	67	73	61
NOPAT Margin	13.23%	8.32%	7.64%	10.74%	10.31%	8.65%	10.63%	12.42%	13.44%	11.26%
Net Nonoperating Expense Percent (NNEP)	2.74%	2.15%	1.37%	1.28%	0.94%	0.63%	0.07%	-0.13%	-1.10%	-3.06%
Return On Investment Capital (ROIC_SIMPLE)	-	1.16%	-	-	-	1.16%	-	-	-	1.53%
Cost of Revenue to Revenue	56.75%	57.25%	57.65%	55.74%	54.48%	55.73%	56.35%	56.04%	56.30%	56.24%
SG&A Expenses to Revenue	14.78%	14.79%	15.34%	15.40%	15.87%	16.64%	14.19%	13.94%	13.34%	14.85%
R&D to Revenue	5.32%	7.22%	5.72%	5.58%	5.72%	5.44%	5.74%	5.35%	5.54%	5.44%
Operating Expenses to Revenue	30.38%	33.75%	32.82%	31.99%	32.59%	34.35%	30.58%	29.54%	28.46%	30.52%
Earnings before Interest and Taxes (EBIT)	61	42	46	63	65	48	69	80	87	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	106	88	88	103	109	93	111	116	124	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.68	5.14	5.54	6.33	5.70	6.02	5.97	6.85	7.63	7.32
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.90	7.29	7.97	9.22	8.46	9.06	9.06	10.57	12.02	11.60
Price to Earnings (P/E)	76.99	82.09	95.84	106.65	102.89	106.54	95.36	103.24	105.54	94.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.30%	1.22%	1.04%	0.94%	0.97%	0.94%	1.05%	0.97%	0.95%	1.06%
Enterprise Value to Invested Capital (EV/IC)	5.08	4.60	4.88	5.55	5.03	5.33	5.40	6.28	7.53	7.68
Enterprise Value to Revenue (EV/Rev)	8.11	7.50	8.21	9.47	8.70	9.29	9.25	10.74	12.05	11.52
Enterprise Value to EBITDA (EV/EBITDA)	39.35	35.77	40.45	46.77	43.20	46.20	44.33	50.74	56.28	52.79
Enterprise Value to EBIT (EV/EBIT)	66.69	64.26	74.38	85.11	77.79	81.76	75.42	83.21	87.99	78.39
Enterprise Value to NOPAT (EV/NOPAT)	70.34	73.99	84.84	94.63	93.72	99.17	91.69	101.65	105.93	96.31
Enterprise Value to Operating Cash Flow (EV/OCF)	39.63	36.38	38.05	58.68	47.17	47.68	48.83	47.26	45.74	39.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	105.25	54.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.24	0.23	0.23	0.22	0.22	0.20	0.19	0.18	0.18
Long-Term Debt to Equity	0.23	0.23	0.22	0.22	0.21	0.20	0.20	0.19	0.18	0.18
Financial Leverage	0.14	0.12	0.15	0.15	0.16	0.15	0.15	0.14	0.09	0.04
Leverage Ratio	1.97	1.90	1.83	1.80	1.72	1.68	1.61	1.60	1.57	1.56
Compound Leverage Factor	1.67	1.53	1.52	1.62	1.57	1.55	1.55	1.58	1.55	1.53
Debt to Total Capital	19.68%	19.22%	18.87%	18.43%	17.99%	18.02%	16.48%	16.01%	15.43%	15.00%
Short-Term Debt to Total Capital	0.95%	0.92%	0.91%	0.88%	0.86%	1.39%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.73%	18.30%	17.97%	17.54%	17.13%	16.64%	16.48%	16.01%	15.43%	15.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.32%	80.78%	81.13%	81.57%	82.01%	81.98%	83.52%	83.99%	84.57%	85.00%
Debt to EBITDA	1.65	1.61	1.65	1.62	1.61	1.65	1.43	1.39	1.34	1.28
Net Debt to EBITDA	1.00	1.02	1.19	1.24	1.22	1.18	0.95	0.78	0.11	-0.39
Long-Term Debt to EBITDA	1.57	1.53	1.57	1.55	1.54	1.52	1.43	1.39	1.34	1.28
Debt to NOPAT	2.96	3.33	3.46	3.29	3.50	3.53	2.97	2.79	2.53	2.34
Net Debt to NOPAT	1.78	2.11	2.50	2.51	2.65	2.53	1.96	1.56	0.21	-0.71
Long-Term Debt to NOPAT	2.81	3.17	3.29	3.13	3.34	3.26	2.97	2.79	2.53	2.34
Altman Z-Score	4.95	4.76	5.64	6.54	6.38	7.00	7.80	8.62	9.74	9.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	0.95	0.89	1.00	0.93	0.86	0.94	1.06	1.21	1.35
Quick Ratio	0.97	0.89	0.80	0.91	0.84	0.79	0.85	0.97	1.14	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-351	-443	-412	-423	-352	-340	-226	-154	75	254
Operating Cash Flow to CapEx	939.02%	1,703.58%	673.11%	-136.79%	1,196.87%	1,129.13%	489.77%	410.23%	2,441.14%	2,557.16%
Free Cash Flow to Firm to Interest Expense	-37.93	-54.66	-53.68	-66.31	-60.52	-90.67	-103.50	-123.29	60.35	202.04
Operating Cash Flow to Interest Expense	13.97	15.04	9.72	-3.00	30.56	39.31	32.89	51.32	213.54	178.53
Operating Cash Flow Less CapEx to Interest Expense	12.49	14.16	8.28	-5.20	28.01	35.83	26.18	38.81	204.79	171.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.39	0.40	0.40	0.41	0.42	0.43	0.43	0.43	0.43
Accounts Receivable Turnover	3.33	3.37	3.70	3.08	3.24	3.26	3.79	3.03	3.34	3.54
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.41	10.45	10.81	11.07	11.28	11.40	11.90	12.17	12.55	12.82
Accounts Payable Turnover	10.10	9.49	8.58	8.66	8.98	8.69	8.28	8.40	8.39	7.93
Days Sales Outstanding (DSO)	109.60	108.34	98.77	118.65	112.50	111.92	96.29	120.49	109.20	103.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.14	38.47	42.56	42.15	40.63	42.03	44.09	43.46	43.53	46.03
Cash Conversion Cycle (CCC)	73.46	69.86	56.21	76.51	71.87	69.90	52.20	77.03	65.67	57.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,923	3,019	3,137	3,246	3,326	3,401	3,417	3,467	3,324	3,208
Invested Capital Turnover	0.67	0.67	0.64	0.63	0.62	0.61	0.61	0.60	0.62	0.65
Increase / (Decrease) in Invested Capital	414	481	448	478	403	382	280	222	-1.52	-193
Enterprise Value (EV)	14,846	13,878	15,319	18,002	16,739	18,140	18,438	21,790	25,032	24,623
Market Capitalization	14,470	13,483	14,868	17,524	16,266	17,676	18,044	21,455	24,982	24,803
Book Value per Share	$61.26	$63.03	$64.23	$66.03	$67.80	$69.75	$71.21	$73.77	$76.75	$79.17
Tangible Book Value per Share	($23.02)	($21.98)	($19.94)	($17.44)	($15.74)	($14.01)	($11.31)	($8.29)	($4.41)	($1.20)
Total Capital	3,171	3,249	3,311	3,394	3,479	3,584	3,620	3,729	3,873	3,986
Total Debt	624	624	625	625	626	646	597	597	598	598
Total Long-Term Debt	594	594	595	595	596	596	597	597	598	598
Net Debt	376	395	451	477	473	463	394	335	49	-181
Capital Expenditures (CapEx)	14	7.15	11	14	15	13	15	16	11	8.79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-147	-223	-219	-105	-180	-267	-245	-203	-327	-393
Debt-free Net Working Capital (DFNWC)	78	-12	-59	33	-37	-91	-49	55	217	375
Net Working Capital (NWC)	48	-42	-89	2.66	-67	-141	-49	55	217	375
Net Nonoperating Expense (NNE)	9.38	6.55	5.16	5.03	4.01	2.70	0.28	-0.54	-2.88	-4.32
Net Nonoperating Obligations (NNO)	376	395	451	477	473	463	394	335	49	-181
Total Depreciation and Amortization (D&A)	45	46	42	40	44	44	43	36	37	36
Debt-free, Cash-free Net Working Capital to Revenue	-8.05%	-12.07%	-11.74%	-5.53%	-9.37%	-13.66%	-12.32%	-10.01%	-15.76%	-18.37%
Debt-free Net Working Capital to Revenue	4.25%	-0.67%	-3.18%	1.72%	-1.93%	-4.65%	-2.43%	2.71%	10.44%	17.55%
Net Working Capital to Revenue	2.62%	-2.29%	-4.79%	0.14%	-3.49%	-7.20%	-2.43%	2.71%	10.44%	17.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.28	$0.74	$0.74	$1.17	$1.12	$0.92	$1.28	$1.59	$1.78	$1.52
Adjusted Weighted Average Basic Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M
Adjusted Diluted Earnings per Share	$1.26	$0.73	$0.73	$1.15	$1.10	$0.90	$1.26	$1.57	$1.74	$1.48
Adjusted Weighted Average Diluted Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.64M	41.82M	41.93M	42.08M	42.12M	42.28M	42.46M	42.67M	42.80M	43.01M
Normalized Net Operating Profit after Tax (NOPAT)	43	38	36	54	51	42	54	67	73	61
Normalized NOPAT Margin	9.01%	8.32%	7.64%	10.74%	10.31%	8.65%	10.63%	12.42%	13.44%	11.26%
Pre Tax Income Margin	10.94%	7.43%	8.17%	11.13%	11.91%	9.28%	13.01%	14.54%	15.85%	14.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.59	5.15	6.02	9.79	11.14	12.91	31.51	63.78	70.71	61.97
NOPAT to Interest Expense	6.76	4.64	4.69	8.48	8.78	11.09	24.93	53.63	59.12	48.38
EBIT Less CapEx to Interest Expense	5.11	4.27	4.57	7.59	8.59	9.43	24.80	51.27	61.97	54.99
NOPAT Less CapEx to Interest Expense	5.28	3.76	3.24	6.28	6.23	7.61	18.21	41.12	50.37	41.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Tyler Technologies' Financials

When does Tyler Technologies's financial year end?

According to the most recent income statement we have on file, Tyler Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tyler Technologies' net income changed over the last 9 years?

Tyler Technologies' net income appears to be on an upward trend, with a most recent value of $263.03 million in 2024, rising from $64.87 million in 2015. The previous period was $165.92 million in 2023.

What is Tyler Technologies's operating income?

Tyler Technologies's total operating income in 2024 was $299.53 million, based on the following breakdown:

Total Gross Profit: $935.76 million
Total Operating Expenses: $636.24 million

How has Tyler Technologies revenue changed over the last 9 years?

Over the last 9 years, Tyler Technologies' total revenue changed from $591.02 million in 2015 to $2.14 billion in 2024, a change of 261.7%.

How much debt does Tyler Technologies have?

Tyler Technologies' total liabilities were at $1.79 billion at the end of 2024, a 3.0% increase from 2023, and a 260.0% increase since 2015.

How much cash does Tyler Technologies have?

In the past 9 years, Tyler Technologies' cash and equivalents has ranged from $33.09 million in 2015 to $744.72 million in 2024, and is currently $744.72 million as of their latest financial filing in 2024.

How has Tyler Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Tyler Technologies' book value per share changed from 25.31 in 2015 to 79.17 in 2024, a change of 212.9%.

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This page (NYSE:TYL) was last updated on 4/14/2025 by MarketBeat.com Staff

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Tyler Technologies (TYL) Financials

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Tyler Technologies (TYL) Financials

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