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Tyler Technologies TYL

Tyler Technologies scores good on business quality (6.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$329.55Oct 10, 2026
Business qualityGood
Next earningsOct 28, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Tyler Technologies does

    Tyler Technologies provides software and services to public sector organizations, primarily local governments and courts, automating everything from tax billing to public safety. Revenue comes from maintenance, professional services, and software subscriptions paid by municipalities.

  2. What it does best

    Tyler dominates public sector software deployment with a gross margin of 47.2% and extreme customer stickiness. Municipalities rarely switch administrative platforms once installed because replacement risks civic disruption, locking in long-term public agency relationships.

  3. The main risk

    Implementation delays and execution missteps in large-scale government cloud migrations can stall revenue recognition. With shares trading at an expensive valuation above intrinsic value, any friction in public sector IT spending leaves zero room for error.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 15.6% alongside a net margin of 13.4%. Profitability metrics sit in the middle of the pack sector-wide, showing moderate operational efficiency as revenue scales.

MoatFair

High switching costs lock in local government agencies, backed by a free cash flow margin in the 77th sector percentile. Rivals cannot easily replicate multi-decade municipal vendor relationships.

GrowthSteady

Revenue grew 9.1% to $2.4B, continuing a steady multi-year expansion from $1.6B in 2021. This growth rate sits in the 39th percentile of its sector, showing moderate pacing.

Financial healthStrong

Debt-to-equity sits at 0.2 with interest coverage over 58x, making debt costs negligible. Free cash flow reached $706M, up solidly from prior years, showing the balance sheet is getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $6.5M outside pre-planned sales.

Our sealed record on TYL

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is TYL a good business?

Tyler Technologies scores good on the Cluenex quality check (6.0 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health strong.

Are insiders buying TYL?

In the last 90 days of SEC Form 4 filings: 2 sold $6.5M outside pre-planned sales.

When does TYL report earnings?

Oct 28, 2026, after the close.

For members

See TYL today

  • Today's verdict on TYL, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Tyler Technologies (TYL)”, https://cluenex.com/stocks/tyl/, data as of Oct 10, 2026.