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Tyler Technologies, Inc.

TYL Technology Software Application

Tyler Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.10% from fiscal 2024.

Revenue
+8.67%
EPS
+19.8%
Free cash flow
+11.9%
Total debt
+135.5%

Quarter to September 2026, against a year earlier

416.00 14.37 −3.34%
Market cap
$17.1B
P/E
53.6×
Fwd P/E
45.9×
Dividend yield
—
F-score
6/9
Altman Z
7.25
Beneish M
−2.70
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Tyler Technologies, Inc. (TYL) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Tyler Technologies, Inc. (TYL) trades at a EV/EBITDA of 34.1×. Over the past ten years it has ranged from 24.3× (June 2026) to 77.7× (November 2021); the current reading is higher than 23% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 38.9× (28.11%)
FY2024 54.1× 19.52%
FY2023 45.3× 24.53%
FY2022 36.4× (48.28%)
FY2021 70.3× 8.79%
FY2020 64.6× 32.73%
FY2019 48.7× 49.52%
FY2018 32.6× 9.25%
FY2017 29.8× 6.79%
FY2016 27.9× (40.35%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 25.8× 2.12%
Jun 2026 25.3× (15.13%)
Mar 2026 29.8× (23.41%)
Dec 2025 38.9× (14.44%)
43 more quarters

Against its own ten years

Low 24.3× High 77.7×
Ten-year median 42.1×
Current reading's percentile 23

EV/EBITDA against peers

Company EV/EBITDA
SSNC SS&C Technologies Holdings, Inc. compare 11.3×
FICO Fair Isaac Corporation compare 17.1×
DOCU Docusign Inc. compare 18.8×
GRAB Grab Holdings Limited compare 24.9×
TYL Tyler Technologies, Inc. 34.1×
DT Dynatrace, Inc. compare 39.3×
MANH Manhattan Associates, Inc. compare 51.5×
GWRE Guidewire Software, Inc. compare 67.5×
U Unity Software Inc. compare 592×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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