Tyler Technologies, Inc.

TYL

$379.27

+1.17%

N/A+$4.39

Technology

Software - Application

NYSE

Active Trading

Tyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into ...

Key Metrics of TYL

Snapshot

Latest / TTM · 6 periods

Market Cap

$15.53B

ROCE

7.9%

EV / EBITDA

33.69x

-1.3% YoY

FCF Yield

4.6%

+1.3% YoY

Cash Conversion Cycle

62.2d

Current Ratio

1.55

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$21.97B	$13.39B	$17.57B	$24.57B	$19.56B	$15.53B
Enterprise ValueCompany value including debt and cash adjustments.	$23.05B	$14.27B	$18.10B	$24.46B	$19.22B	$16.09B
EV / SalesHow many dollars investors pay per dollar of sales.	14.48x	7.71x	9.27x	11.44x	8.24x	6.62x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	70.26x	36.77x	46.11x	52.45x	35.39x	33.69x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	3.29	2.25	1.35	-0.23	-0.62	1.17

Returns + ROCE gauge

ROCE latest

7.9%

Prev year 9.2%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	6.9%	6.3%	5.6%	7.8%	8.5%	9.3%
ROAProfit generated from total assets.	3.4%	3.5%	3.5%	5.1%	5.6%	5.6%
ROICReturn generated on invested operating capital.	4.9%	5.1%	5.2%	6.7%	8.6%	7.1%
ROCEOperating return on long-term capital used.	5.3%	5.7%	5.9%	7.3%	9.2%	7.9%
Earnings YieldEarnings as a percentage of market value.	0.7%	1.2%	0.9%	1.1%	1.6%	2.1%

Cash flow quality

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$339.80M	$356.15M	$379.70M	$609.16M	$641.57M	$719.32M
FCFECash flow available to equity holders after debt flows.	$1.64B	$-28.70M	$14.92M	$554.10M	$637.53M	$1.48B
FCF YieldFree cash flow divided by market capitalization.	1.4%	2.5%	1.9%	2.5%	3.3%	4.6%
Income QualityHow well accounting earnings are backed by cash flow.	2.30	2.32	2.29	2.37	2.07	2.25
Capex / OCFShare of operating cash flow spent on capital expenditures.	15.0%	13.1%	13.9%	3.3%	2.5%	2.3%

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	123.6d	113.9d	115.9d	102.4d	103.7d	112.5d
DIOAverage days inventory stays before being sold.	0.0d	0.0d	0.0d	0.0d	0.0d	0.0d
DPOAverage days the company takes to pay suppliers.	47.2d	33.9d	45.8d	45.4d	102.2d	50.3d
Operating CycleTime from buying inventory to collecting receivables.	123.6d	113.9d	115.9d	102.4d	103.7d	112.5d
Cash Conversion CycleNet days cash is tied in operations.	76.4d	80.0d	70.1d	57.0d	1.5d	62.2d

Snapshot

Latest / TTM: —

Market Cap

$15.53B

ROE

9.3%

FCF Yield

4.6%

Current Ratio

1.55

Supply Chain of TYL

Upstream / Downstream / Proxies

Upstream

Amazon Web Services (AWS)NASDAQ:AMZN MicrosoftNASDAQ:MSFTEsriEquifaxNYSE:EFXRSM US LLPCarahsoft Technology CorpVisionary Integration Professionals (VIP)Visa Inc.NYSE:V Mastercard Inc.NYSE:MA

Downstream

County of Los Angeles, CaliforniaState of ConnecticutState of ColoradoChesterfield County, VirginiaCarahsoft Technology CorpNASPO ValuePointAvolve Software

Proxies

Motorola Solutions, Inc.NYSE:MSINice Ltd.Guidewire Software, Inc.NYSE:GWRE ServiceNow, Inc.NYSE:NOW

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