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

416.81 13.56 −3.15%
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

Tyler Technologies, Inc. (TYL) Free cash flow margin

Alert me on Free cash flow margin

Tyler Technologies, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 29.6%, up 3.0 percentage points from fiscal 2025 (26.6%). Over the past ten years it has ranged from 16.8% (fiscal 2023) to 29.3% (fiscal 2020); the current reading is higher than 82% of that period. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 26.6% (0.27)
FY2024 26.9% 10.10
FY2023 16.8% (1.13)
FY2022 17.9% (1.94)
FY2021 19.9% (9.40)
FY2020 29.3% 9.67
FY2019 19.6% (4.24)
FY2018 23.8% 5.66
FY2017 18.2% (2.12)
FY2016 20.3% (0.33)

Against its own ten years

Low 16.8% High 29.3%
Ten-year median 20.3%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
FICO Fair Isaac Corporation compare 40.1%
DOCU Docusign Inc. compare 35.7%
MANH Manhattan Associates, Inc. compare 32.8%
TYL Tyler Technologies, Inc. 29.6%
U Unity Software Inc. compare 27.8%
DT Dynatrace, Inc. compare 26.5%
GWRE Guidewire Software, Inc. compare 24.3%
SSNC SS&C Technologies Holdings, Inc. compare 23.2%
GRAB Grab Holdings Limited compare −0.05%
Software Application industry median 5.77%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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