TYLTyler Technologies
$420.70-12% 1Y
$420.70
$275.2752 weeks$476.26
The business
How TYL's business earns
Tyler Technologies earns 9.2% on the capital it employs against an estimated 9.0% cost of capital.
9.2%
Return on invested capital · cost of capital 9.0% · 0.20 points above the estimated cost of capital
- Operating margin
- 16%
Operating margin · Software - Application median 7.5% · 12 months to Sep 30, 2026
- Cash conversion
- 2.53×
Cash conversion · 2.17× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −7.1%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 15% |
| FY2021 | 11% |
| FY2022 | 12% |
| FY2023 | 11% |
| FY2024 | 14% |
| FY2025 | 15% |
Details›
- Gross margin12 months to Sep 30, 2026
- 48%
- Operating margin12 months to Sep 30, 2026
- 16%
- Net margin12 months to Sep 30, 2026
- 14%
- Free cash flow margin
- 30%
- R&D as % of revenue
- 9.7%
- Revenue, trailing twelve months
- $2.48B
- Free cash flow, trailing twelve months
- $741M
- Net income, trailing twelve months
- $335M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
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