Tyler Technologies (TYL)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $14.7B, Tyler Technologies's free cash flow of $621M (fiscal 2025) would need to grow about 7% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Tyler Technologies's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from TYL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Tyler Technologies's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $2.0B | $2.1B | $2.3B |
| Net income | $161M | $164M | $166M | $263M | $316M |
| Free cash flow | $316M | $331M | $327M | $575M | $621M |
| EPS (diluted) | $3.82 | $3.87 | $3.88 | $6.05 | $7.20 |
| Operating margin | 11.4% | 11.6% | 11.2% | 14.0% | 15.3% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own TYL
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Joel Greenblatt Gotham Asset Management |
Added | $23M | 0.05% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Held | $15M | 0.14% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $3M | 0.00% | Q2 2026 |
| Will Nasgovitz Heartland Advisors |
Added | $2M | 0.11% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
New position | $438,690 | 0.06% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
New position | $437,228 | 0.03% | Q2 2026 |
Insider buying
Open-market purchases by Tyler Technologies's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $350.41 | — |
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $350.41 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $324.22 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $324.22 | — |
| Feb 23, 2026 | Andrew D Teed |
1,600 | $309.91 | $495,856 |
| Feb 20, 2026 | Abigail Marshall Diaz-Pedrosa |
610 | $325.08 | $198,299 |
| Jan 13, 2026 | Ro Khanna |
0 | $442.69 | — |
| Jan 13, 2026 | Ro Khanna |
0 | $442.69 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $485.85 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $485.85 | — |
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In the full deep dive
Questions
What growth does Tyler Technologies's stock price imply?
At a market value of $14.7B, Tyler Technologies would need its free cash flow to grow about 7% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 17% a year.
Are Tyler Technologies insiders buying the stock?
10 open-market insider purchases of TYL in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Tyler Technologies?
6 of the superinvestors Investingly tracks hold TYL in their latest 13F, including Joel Greenblatt, Mario Gabelli, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.