15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 15.9% per year over the past 5 years.
Net income has grown slower than revenue (10.1% vs 15.9% per year).
Operating margin has been roughly flat, at 15.3% in the latest year.
Free cash flow has grown 13.9% per year over the past 5 years.
Financial health
The company holds more cash ($1.0B) than total debt ($600M).
Total debt has grown slower than revenue (-18.2% vs 15.9% per year).
Operating income covered interest expense 72× in the latest year.
Total debt is 1.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.3B
$316M
46.5%
15.3%
8.5%
5.6%
$638M
$600M
$1.0B
2024
$2.1B
$263M
43.8%
14.0%
7.8%
5.1%
$604M
$598M
$745M
2023
$2.0B
$166M
44.1%
11.2%
5.6%
3.5%
$360M
$646M
$165M
2022
$1.9B
$164M
42.4%
11.6%
6.3%
3.5%
$359M
$987M
$174M
2021
$1.6B
$161M
44.6%
11.4%
6.9%
3.4%
$338M
$1.3B
$309M
2020
$1.1B
$195M
48.6%
15.5%
9.8%
7.5%
$332M
—
$604M
2019
$1.1B
$147M
47.6%
14.4%
9.1%
6.7%
$217M
—
$233M
2018
$935M
$147M
47.0%
16.3%
11.1%
8.2%
$223M
—
$134M
2017
$841M
$170M
47.5%
19.4%
14.2%
10.5%
$153M
—
$186M
2016
$760M
$114M
47.3%
18.1%
12.2%
8.2%
$154M
—
$36M
2015
—
$65M
—
—
7.4%
4.8%
$122M
—
$33M
2014
—
$59M
—
—
17.5%
10.3%
—
—
$206M
2013
—
$39M
—
—
15.9%
8.8%
—
—
$79M
2012
—
$33M
—
—
22.7%
9.7%
$50M
—
$6M
2011
—
$28M
—
—
35.3%
9.3%
$44M
—
$1M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$648M
$95M
49.1%
18.1%
3.4%
1.7%
$278M
$1.4B
$788M
Jun '26
$645M
$94M
47.6%
14.7%
3.1%
1.6%
$119M
$1.4B
$895M
Mar '26
$614M
$81M
48.3%
16.3%
2.3%
1.7%
$104M
$0
$316M
Dec '25
$575M
$66M
45.5%
13.0%
1.8%
1.2%
$240M
$600M
$1.0B
Sep '25
$596M
$84M
47.2%
16.4%
2.3%
1.5%
$251M
$599M
$834M
Jun '25
$596M
$85M
45.8%
16.0%
2.3%
1.6%
$93M
$599M
$787M
Mar '25
$565M
$81M
47.3%
15.8%
2.3%
1.6%
$54M
$598M
$706M
Dec '24
$541M
$65M
43.8%
13.2%
1.9%
1.3%
$221M
$598M
$745M
Sep '24
$543M
$76M
43.7%
15.2%
2.3%
1.5%
$261M
$598M
$538M
Jun '24
$541M
$68M
44.0%
14.4%
2.2%
1.4%
$58M
$597M
$251M
Mar '24
$512M
$54M
43.7%
13.1%
1.8%
1.2%
$65M
$597M
$188M
Dec '23
$481M
$39M
44.3%
9.9%
1.3%
0.8%
$139M
$646M
$165M
Sep '23
$495M
$47M
45.5%
12.9%
1.6%
1.0%
$171M
$735M
$131M
Jun '23
$504M
$49M
44.3%
12.3%
1.8%
1.1%
-$24M
$869M
$119M
Mar '23
$472M
$31M
42.4%
9.5%
1.1%
0.7%
$73M
$869M
$131M
Dec '22
$452M
$31M
42.8%
9.0%
1.2%
0.7%
$117M
$987M
$174M
Sep '22
$473M
$53M
43.3%
12.9%
2.1%
1.1%
$125M
$1.1B
$186M
Jun '22
$469M
$40M
41.3%
12.1%
1.6%
0.8%
$69M
$1.3B
$253M
Mar '22
$456M
$40M
42.2%
12.2%
1.7%
0.8%
$49M
$1.3B
$243M
Dec '21
$434M
$55M
43.2%
11.1%
2.4%
1.2%
$102M
$1.3B
$309M
Valuation over time
How the market has priced TYL against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 85.9× (Mar '23) to 50.9× (Nov '26).
The price-to-sales ratio has fallen from 7.6× (Mar '23) to 6.9× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is TYL growing its revenue and profit?
Over the past 5 years, Tyler Technologies's revenue has grown 15.9% per year, and net income grown 10.1% per year. These are computed facts, not advice.
How much debt does TYL have?
As of FY2025, Tyler Technologies reported $600M of total debt against $1.0B of cash; operating income covered interest expense 72×.
What is TYL's profit margin?
In FY2025, gross margin was 46.5%, operating margin 15.3%, and net margin 13.5%.
What is TYL's P/E ratio?
Tyler Technologies's P/E (TTM) is 47.91 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TYL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 50.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.