Comprehensive Stock Comparison

Compare Karooooo Ltd. (KARO) vs Tyler Technologies, Inc. (TYL) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthTYL9.5% revenue growth vs KARO's 8.6%
ValueKAROLower P/E (1.4x vs 28.3x), PEG 0.09 vs 2.66
Quality / MarginsKARO19.5% net margin vs TYL's 13.5%
Stability / SafetyTYLBeta 0.68 vs KARO's 0.99, lower leverage
DividendsKARO2.7% yield; 4-year raise streak; TYL pays no meaningful dividend
Momentum (1Y)KARO+7.1% vs TYL's -41.7%
Efficiency (ROA)KARO19.6% ROA vs TYL's 5.6%, ROIC 34.4% vs 6.7%
Bottom line: KARO leads in 5 of 7 categories, making it the stronger pick for investors who prioritize valuation and capital efficiency and profitability and margin quality. Tyler Technologies, Inc. is the better choice for growth and revenue expansion and capital preservation and lower volatility. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

Who Each Stock Is For

Income & stability

Growth exposure

Long-term compounding (10Y)

Sleep-well-at-night portfolio

Valuation efficiency (growth/$)

Defensive / Recession hedge

Business Model

What each company does and how it makes money

KAROKarooooo Ltd.
Technology

Karooooo operates a mobility software-as-a-service platform that provides real-time vehicle tracking, fleet management, and logistics solutions primarily for commercial fleets across multiple continents. The company generates revenue through subscription-based SaaS fees for its telematics platform—which includes fleet management, asset tracking, and insurance analytics services—with the majority coming from recurring subscriptions. Its competitive advantage lies in its comprehensive, integrated platform that combines real-time data analytics with deep operational insights, creating switching costs for fleet operators who rely on its ecosystem for efficiency and risk management.

TYLTyler Technologies, Inc.
Technology

Tyler Technologies is a software company that provides integrated information management solutions exclusively for the public sector — including government agencies, courts, schools, and utilities. It generates revenue primarily through enterprise software licensing and maintenance fees (roughly 70% of revenue), appraisal and tax software services (about 20%), and digital government services through its NIC segment (around 10%). The company's key competitive advantage is its deep specialization in public sector workflows — creating high switching costs through mission-critical, integrated systems that span entire government operations.

Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

KAROKarooooo Ltd.

Segment breakdown not available.

TYLTyler Technologies, Inc.
FY 2024
Transaction Based Fees
33.1%$698M
Saas Arrangements
30.5%$645M
Maintenance
21.9%$463M
Professional Services
12.5%$264M
Hardware and Other
2.0%$41M

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

KARO 5TYL 0
Financial MetricsKARO5/6 metrics
Valuation MetricsKARO6/7 metrics
Profitability & EfficiencyKARO5/9 metrics
Total ReturnsKARO5/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst OutlookKARO1/1 metrics

KARO leads in 5 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.

Financial Metrics (TTM)

KARO is the larger business by revenue, generating $5.2B annually — 2.2x TYL's $2.3B. KARO is the more profitable business, keeping 19.5% of every revenue dollar as net income compared to TYL's 13.5%. On growth, KARO holds the edge at +17.8% YoY revenue growth, suggesting stronger near-term business momentum.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
RevenueTrailing 12 months$5.2B$2.3B
EBITDAEarnings before interest/tax$2.2B$462M
Net IncomeAfter-tax profit$1.0B$316M
Free Cash FlowCash after capex$0$638M
Gross MarginGross profit ÷ Revenue+69.3%+45.3%
Operating MarginEBIT ÷ Revenue+27.7%+15.3%
Net MarginNet income ÷ Revenue+19.5%+13.5%
FCF MarginFCF ÷ Revenue+20.3%+27.3%
Rev. Growth (YoY)Latest quarter vs prior year+17.8%+6.3%
EPS Growth (YoY)Latest quarter vs prior year+9.2%+0.7%
KARO leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

At 25.3x trailing earnings, KARO trades at a 57% valuation discount to TYL's 58.6x P/E. Adjusting for growth (PEG ratio), KARO offers better value at 1.58x vs TYL's 5.51x — a lower PEG means you pay less per unit of expected earnings growth.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
Market CapShares × price$1.5B$15.3B
Enterprise ValueMkt cap + debt − cash$1.4B$15.2B
Trailing P/EPrice ÷ TTM EPS25.30x58.63x
Forward P/EPrice ÷ next-FY EPS est.1.40x28.29x
PEG RatioP/E ÷ EPS growth rate1.58x5.51x
EV / EBITDAEnterprise value multiple11.00x33.54x
Price / SalesMarket cap ÷ Revenue5.10x7.14x
Price / BookPrice ÷ Book value/share7.16x4.55x
Price / FCFMarket cap ÷ FCF25.09x25.26x
KARO leads this category, winning 6 of 7 comparable metrics.

Profitability & Efficiency

KARO delivers a 31.6% return on equity — every $100 of shareholder capital generates $32 in annual profit, vs $6 for TYL. TYL carries lower financial leverage with a 0.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to KARO's 0.22x. On the Piotroski fundamental quality scale (0–9), TYL scores 7/9 vs KARO's 6/9, reflecting strong financial health.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
ROE (TTM)Return on equity+31.6%+5.6%
ROA (TTM)Return on assets+19.6%+5.6%
ROICReturn on invested capital+34.4%+6.7%
ROCEReturn on capital employed+37.6%+7.7%
Piotroski ScoreFundamental quality 0–967
Debt / EquityFinancial leverage0.22x0.19x
Net DebtTotal debt minus cash-$319M-$106M
Cash & Equiv.Liquid assets$1.0B$745M
Total DebtShort + long-term debt$728M$638M
Interest CoverageEBIT ÷ Interest expense28.64x124.09x
KARO leads this category, winning 5 of 9 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in KARO five years ago would be worth $15,004 today (with dividends reinvested), compared to $7,435 for TYL. Over the past 12 months, KARO leads with a +7.1% total return vs TYL's -41.7%. The 3-year compound annual growth rate (CAGR) favors KARO at 25.7% vs TYL's 3.4% — a key indicator of consistent wealth creation.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
YTD ReturnYear-to-date+5.7%-18.6%
1-Year ReturnPast 12 months+7.1%-41.7%
3-Year ReturnCumulative with dividends+98.4%+10.4%
5-Year ReturnCumulative with dividends+50.0%-25.6%
10-Year ReturnCumulative with dividends+50.0%+194.8%
CAGR (3Y)Annualised 3-year return+25.7%+3.4%
KARO leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

TYL is the less volatile stock with a 0.68 beta — it tends to amplify market swings less than KARO's 0.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KARO currently trades 74.5% from its 52-week high vs TYL's 56.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
Beta (5Y)Sensitivity to S&P 5000.99x0.68x
52-Week HighHighest price in past year$63.36$626.56
52-Week LowLowest price in past year$35.88$283.72
% of 52W HighCurrent price vs 52-week peak+74.5%+56.6%
RSI (14)Momentum oscillator 0–10048.848.7
Avg Volume (50D)Average daily shares traded38K513K
Evenly matched — KARO and TYL each lead in 1 of 2 comparable metrics.

Analyst Outlook

Wall Street rates KARO as "Buy" and TYL as "Buy". Consensus price targets imply 33.6% upside for TYL (target: $474) vs 29.2% for KARO (target: $61). KARO is the only dividend payer here at 2.68% yield — a key consideration for income-focused portfolios.

MetricKAROKarooooo Ltd.TYLTyler Technologie…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$61.00$473.91
# AnalystsCovering analysts335
Dividend YieldAnnual dividend ÷ price+2.7%
Dividend StreakConsecutive years of raises41
Dividend / ShareAnnual DPS$20.21
Buyback YieldShare repurchases ÷ mkt cap+0.0%0.0%
KARO leads this category, winning 1 of 1 comparable metric.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Total Return — 5 Years (Rebased to 100)

StockApr 21Feb 26Change
Karooooo Ltd. (KARO)100147.34+47.3%
Tyler Technologies,… (TYL)10084.04-16.0%

Karooooo Ltd. (KARO) returned +50% over 5 years vs Tyler Technologies,… (TYL)'s -26%. A $10,000 investment in KARO 5 years ago would be worth $15,004 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20162025Change
Karooooo Ltd. (KARO)$1.8B$4.6B+160.0%
Tyler Technologies,… (TYL)$756M$2.1B+182.8%

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
Karooooo Ltd. (KARO)11.0%20.2%+83.4%
Tyler Technologies,… (TYL)14.5%12.3%-15.3%

Chart 4P/E Ratio History — 9 Years

Stock20172025Change
Karooooo Ltd. (KARO)3.11.5-51.6%
Tyler Technologies,… (TYL)4195.3+132.4%

Karooooo Ltd. has traded in a 1x–3x P/E range over 5 years; current trailing P/E is ~25x. Tyler Technologies, Inc. has traded in a 41x–141x P/E range over 8 years; current trailing P/E is ~59x.

Chart 5EPS Growth — 10 Years

Stock20162025Change
Karooooo Ltd. (KARO)9.529.81+213.8%
Tyler Technologies,… (TYL)2.926.05+107.2%

Chart 6Free Cash Flow — 5 Years

2021
$413M
$316M
2022
$388M
$331M
2023
$595M
$327M
2024
$80M
$604M
2025
$929M
Karooooo Ltd. (KARO)Tyler Technologies,… (TYL)

Karooooo Ltd. generated $929M FCF in 2025 (+125% vs 2021). Tyler Technologies, Inc. generated $604M FCF in 2024 (+91% vs 2021).

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KARO vs TYL: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is KARO or TYL a better buy right now?

Karooooo Ltd. (KARO) offers the better valuation at 25.3x trailing P/E (1.4x forward), making it the more compelling value choice. Analysts rate Karooooo Ltd. (KARO) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — KARO or TYL?

On trailing P/E, Karooooo Ltd. (KARO) is the cheapest at 25.3x versus Tyler Technologies, Inc. at 58.6x. On forward P/E, Karooooo Ltd. is actually cheaper at 1.4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Karooooo Ltd. wins at 0.09x versus Tyler Technologies, Inc.'s 2.66x — a PEG below 1.0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — KARO or TYL?

Over the past 5 years, Karooooo Ltd. (KARO) delivered a total return of +50.0%, compared to -25.6% for Tyler Technologies, Inc. (TYL). A $10,000 investment in KARO five years ago would be worth approximately $15K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TYL returned +194.8% versus KARO's +50.0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — KARO or TYL?

By beta (market sensitivity over 5 years), Tyler Technologies, Inc. (TYL) is the lower-risk stock at 0.68β versus Karooooo Ltd.'s 0.99β — meaning KARO is approximately 46% more volatile than TYL relative to the S&P 500. On balance sheet safety, Tyler Technologies, Inc. (TYL) carries a lower debt/equity ratio of 19% versus 22% for Karooooo Ltd. — giving it more financial flexibility in a downturn.

05

Which has better profit margins — KARO or TYL?

Karooooo Ltd. (KARO) is the more profitable company, earning 20.2% net margin versus 12.3% for Tyler Technologies, Inc. — meaning it keeps 20.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KARO leads at 28.7% versus 14.0% for TYL. At the gross margin level — before operating expenses — KARO leads at 70.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is KARO or TYL more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential. By this metric, Karooooo Ltd. (KARO) is the more undervalued stock at a PEG of 0.09x versus Tyler Technologies, Inc.'s 2.66x. A PEG below 1.0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Karooooo Ltd. (KARO) trades at 1.4x forward P/E versus 28.3x for Tyler Technologies, Inc. — 26.9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TYL: 33.6% to $473.91.

07

Which pays a better dividend — KARO or TYL?

In this comparison, KARO (2.7% yield) pays a dividend. TYL does not pay a meaningful dividend and should not be held primarily for income.

08

Is KARO or TYL better for a retirement portfolio?

For long-horizon retirement investors, Karooooo Ltd. (KARO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.99), 2.7% yield). Both have compounded well over 10 years (KARO: +50.0%, TYL: +194.8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between KARO and TYL?

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. KARO pays a dividend while TYL does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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High-Growth Compounder

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  • Market Cap > $100B
  • Revenue Growth > 8%
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Steady Growth Compounder

  • Sector: Technology
  • Market Cap > $100B
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Better Than Both

Find stocks that beat KARO and TYL on the metrics you choose

Revenue Growth>
%
(KARO: 17.8% · TYL: 6.3%)
Net Margin>
%
(KARO: 19.5% · TYL: 13.5%)
P/E Ratio<
x
(KARO: 25.3x · TYL: 58.6x)