Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Tyler Technologies, Inc.'s quarterly P/E stands at 75.7x, down 21.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 10.8% YoY to 64.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 58.63 | 75.66 | 67.77 | 76.79 | 78.99 | 96.75 | 83.87 | 80.06 | 84.33 | 114.87 | 87.76 | 90.54 | 121.45 |
| — | -21.8% | -19.2% | -4.1% | -6.3% | -15.8% | -4.4% | -11.6% | -30.6% | +4.0% | +27.3% | +2.4% | +2.6% | |
| P/S Ratio | 7.14 | 8.59 | 9.60 | 10.92 | 11.19 | 11.70 | 11.74 | 10.05 | 8.94 | 9.34 | 8.36 | 8.83 | 7.99 |
| — | -26.6% | -18.2% | +8.6% | +25.2% | +25.3% | +40.4% | +13.9% | +11.9% | +23.5% | +7.4% | +17.6% | -22.8% | |
| P/B Ratio | 4.55 | 3.51 | 6.35 | 7.17 | 7.20 | 7.47 | 7.79 | 6.95 | 6.06 | 6.12 | 5.80 | 6.43 | 5.61 |
| — | -53.1% | -18.5% | +3.1% | +18.8% | +22.2% | +34.3% | +8.0% | +8.0% | +17.4% | +0.2% | +12.4% | -29.0% | |
| P/FCF | 25.26 | 20.63 | 22.76 | 70.14 | 117.46 | 28.65 | 25.21 | 111.86 | 80.10 | 33.43 | 25.42 | — | 59.25 |
| — | -28.0% | -9.7% | -37.3% | +46.6% | -14.3% | -0.8% | — | +35.2% | +12.2% | -20.2% | — | -48.5% | |
| EV / EBITDA | 33.54 | 64.67 | 44.29 | 48.87 | 50.01 | 58.35 | 53.46 | 48.36 | 43.84 | 50.24 | 39.79 | 45.49 | 45.66 |
| — | +10.8% | -17.2% | +1.1% | +14.1% | +16.2% | +34.4% | +6.3% | -4.0% | +20.7% | +7.9% | +16.1% | -10.5% | |
| EV / EBIT | 50.60 | — | 52.13 | 62.39 | 65.32 | 80.79 | 73.31 | 69.29 | 68.20 | 95.55 | 66.44 | 74.42 | 85.83 |
| — | — | -28.9% | -10.0% | -4.2% | -15.4% | +10.3% | -6.9% | -20.5% | +9.6% | +3.4% | +12.1% | -3.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Tyler Technologies, Inc.'s operating margin was 13.0% in Q4 2025, down 3.4 pp QoQ and down 0.2 pp YoY. The trailing four-quarter average of 15.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 10.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.0% | 45.5% | 47.2% | 43.5% | 44.8% | 41.2% | 41.2% | 41.4% | 40.1% | 40.3% | 41.8% | 40.6% | 38.5% |
| — | +10.5% | +14.8% | +5.1% | +11.6% | +2.4% | -1.5% | +1.9% | +4.3% | +3.9% | +4.2% | +5.8% | -1.3% | |
| Operating Margin | 14.0% | 13.0% | 16.4% | 16.0% | 15.8% | 13.2% | 15.2% | 14.4% | 13.1% | 9.9% | 12.9% | 12.3% | 9.5% |
| — | -1.6% | +7.8% | +11.2% | +20.7% | +33.4% | +17.9% | +17.6% | +37.1% | +8.2% | +0.1% | +1.3% | -23.5% | |
| Net Margin | 12.3% | 11.4% | 14.2% | 14.2% | 14.3% | 12.1% | 14.0% | 12.5% | 10.6% | 8.1% | 9.5% | 9.7% | 6.5% |
| — | -5.5% | +1.4% | +13.4% | +35.6% | +49.0% | +47.0% | +28.5% | +61.6% | +17.7% | -15.5% | +14.3% | -25.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 1.4% | 2.3% | 2.4% | 2.3% | 2.0% | 2.4% | 2.2% | 1.8% | 1.3% | 1.7% | 1.8% | 1.2% |
| — | -27.6% | -1.6% | +7.6% | +29.3% | +45.7% | +41.6% | +22.2% | +56.3% | +11.8% | -21.4% | +9.3% | -31.5% | |
| ROA | 5.3% | 1.2% | 1.6% | 1.6% | 1.6% | 1.3% | 1.5% | 1.4% | 1.2% | 0.8% | 1.0% | 1.1% | 0.7% |
| — | -7.9% | +0.3% | +10.9% | +33.9% | +53.4% | +52.5% | +34.4% | +74.6% | +25.9% | -9.9% | +27.3% | -21.0% | |
| ROIC | 6.7% | 1.3% | 2.1% | 2.1% | 2.0% | 1.6% | 1.8% | 1.7% | 1.4% | 1.0% | 1.4% | 1.3% | 1.0% |
| — | -19.7% | +18.3% | +23.7% | +37.5% | +57.3% | +32.9% | +27.0% | +49.5% | +15.3% | +3.6% | +8.6% | -21.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Tyler Technologies, Inc.'s Debt/EBITDA ratio is 8.6x, up from 5.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 22.3% YoY to 1.05x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.11 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.24 | 0.28 | 0.33 | 0.34 |
| — | -39.5% | -8.9% | -14.1% | -14.6% | -20.6% | -29.1% | -38.5% | -38.1% | -40.5% | -38.0% | -37.3% | -40.0% | |
| Debt / EBITDA | 1.41 | 8.57 | 5.02 | 4.84 | 5.08 | 5.91 | 5.36 | 5.62 | 6.03 | 7.57 | 7.30 | 9.04 | 10.66 |
| — | +45.0% | -6.3% | -13.9% | -15.8% | -21.9% | -26.6% | -37.8% | -43.5% | -36.8% | -31.7% | -33.4% | -23.8% | |
| Current Ratio | 1.35 | 1.05 | 1.03 | 1.03 | 0.94 | 1.35 | 1.21 | 1.06 | 0.94 | 0.86 | 0.93 | 1.00 | 0.89 |
| — | -22.3% | -15.2% | -2.4% | -0.5% | +57.3% | +30.9% | +5.2% | +5.8% | -9.7% | -12.5% | -12.6% | -20.4% | |
| Quick Ratio | 1.35 | 1.05 | 1.03 | 1.03 | 0.94 | 1.35 | 1.21 | 1.06 | 0.94 | 0.86 | 0.93 | 1.00 | 0.89 |
| — | -22.3% | -15.2% | -2.4% | -0.5% | +57.3% | +30.9% | +5.2% | +5.8% | -9.7% | -12.5% | -12.6% | -20.4% | |
| Interest Coverage | 50.50 | — | 79.30 | 75.75 | 71.57 | 56.94 | 67.07 | 62.28 | 30.67 | 12.73 | 11.01 | 9.69 | 5.85 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonTyler Technologies, Inc.'s current P/E is 58.6x. The average P/E over the last 4 quarters is 74.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Tyler Technologies, Inc.'s current operating margin is 14.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Tyler Technologies, Inc.'s business trajectory between earnings reports.