PTC Inc. (PTC) vs Tyler Technologies, Inc. (TYL)

PTC Inc. and Tyler Technologies, Inc. are both Software Application companies. PTC Inc. is the larger, with a market value of $15.1B against $13.4B — 1.1× the size. PTC Inc. trades at the lower P/E: 13.3× against 42.7×. PTC Inc. grew revenue faster over the last twelve months: 19.5% against 8.19%. PTC Inc. has the higher net margin (41.4% vs 13.4%) and the higher return on invested capital (15.4% vs 6.61%). Across the 22 metrics below, PTC Inc. leads on 18 and Tyler Technologies, Inc. on 4.

Valuation

Metric PTC TYL Software Application median
P/E 13.28 42.67 24.79
P/S 5.36 5.58 2.67
P/B 4.56 4.46 3.01
Price to free cash flow 17.02 19.20 16.59
EV/EBITDA 13.52 27.92 14.40
EV/Sales 5.72 6.00 2.62
Earnings yield 7.53% 2.34% 0.00%
Free cash flow yield 5.88% 5.21% 1.91%

Profitability

Metric PTC TYL Software Application median
Gross margin 84.50% 47.21% 67.03%
Operating margin 37.81% 15.14% 0.00%
Net margin 41.43% 13.36% 0.00%
Free cash flow margin 31.67% 29.05% 4.32%
Return on equity 35.05% 9.73% 0.00%
Return on assets 19.21% 5.78% 0.00%
Return on invested capital 15.37% 6.61% 0.00%

Growth

Metric PTC TYL Software Application median
Revenue growth (TTM) 19.50% 8.19% 12.40%
EPS growth (last fiscal year) 96.79% 19.01% —
Revenue growth, 5-year CAGR 13.44% 15.87% 13.72%
Net income growth, 5-year CAGR 41.22% 10.13% 0.00%

Health

Metric PTC TYL Software Application median
Debt to equity 0.41 0.46 0.02
Current ratio 1.03 1.55 1.55
Net debt to EBITDA 0.91 (0.98) 0.06

Dividend

Metric PTC TYL Software Application median
Dividend yield 1.48% — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric PTC TYL Software Application median
Market cap 15.05b 13.39b 396.11m

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