Tyler Technologies (TYL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Tyler Technologies

NYSE•Technology•Software - Application

$404.24+0.30(<0.01%)After hours

Market Cap

$16.33B

P/E

48.7x

P/S

6.6x

P/B

5.9x

Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States. It operates in two segments, Enterprise Software and Platform Technologies. The company designs, develops, markets, and supports a range of software solutions to serve mission-critical back-office functions. It also offers platform and transformative technology solutions, such as cybersecurity services, including threat detection, response, vulnerability testing, and security training, data and insights, digital solutions, payments, platform technologies, and outdoor recreation solutions; public administration solutions, including civic services, ERP, property and recording, and regulatory; and corrections, courts and justice, and public safety solutions. In addition, the company provides school ERP and student transportation K-12 education solutions; and health and human services solutions comprising environmental health, and disability and benefits. It has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was formerly known as Tyler Corporation and changed its name to Tyler Technologies, Inc. in June 1999. Tyler Technologies, Inc. was founded in 1966 and is based in Plano, Texas.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability22/25

Growth19/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 48.7x5y range 37.3x – 137.1x

Currently below its 20-quarter median.

P/S · 6.6x5y range 5.0x – 13.9x

Currently below its 20-quarter median.

P/B · 5.9x5y range 4.0x – 9.5x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 206.7% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $16.33B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.48B
Q. Revenue: $647.57M
TTM EBITDA: $533.24M
TTM Op. Income: $386.92M
Q. Op. Income: $117.04M
TTM Net Income: $335.30M
Q. Net Income: $95.07M
EPS: $2.35
Shares Out.: $40.49M

$2.48B in TTM revenue grew 8.0% YoY, reaching $647.57M last quarter. TTM EBITDA of $533.24M and TTM operating income of $386.92M show growth is flowing through to the bottom line. TTM net income of $335.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 49.1%
EBITDA Margin: 23.8%
Op. Margin: 18.1%
Net Margin: 14.7%

Op. margin of 18.1% is up 1.6% YoY — cost efficiency is improving. Net margin at 14.7% and gross margin of 49.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 10% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 48.7x
P/S Ratio: 6.6x
P/B Ratio: 5.9x

At 48.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.6x and P/B of 5.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 33% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.65B
Cash: $788.22M
Long-Term Debt: $1.41B
Book Value: $2.79B
D/E Ratio: 0.5
Debt/EBITDA: 9.1

With $5.65B in assets and $1.41B in long-term debt, D/E is 0.5and book value is $2.79B — a conservative capital structure with a cushion to weather downturns. Across the last 7 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $282.47M
TTM Free Cash Flow: $740.99M
FCF Margin: 29.9%
FCF / Net Income: 2.2

TTM FCF of $740.99M on $282.47M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.