TYLER TECHNOLOGIES INC（TYL）の決算・業績分析
TYLER TECHNOLOGIES INCの2025年有価証券報告書をAI分析。売上高$2.3B(+9.1%)。営業利益$358M。Information Technology。
目次
TYLER TECHNOLOGIES INCの2025年度 業績サマリー
TYLER TECHNOLOGIES INC（証券コード: TYL）の2025年度決算・業績分析。売上高は$2.3B（前年比+9.1%）。営業利益は$358M（前年比+19.4%）。純利益は$316M（前年比+20.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
TYLER TECHNOLOGIES INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 16.2% YoY to $1.9B (XBRL), driven by SaaS expansion and IT services for public sector clients.
- Operating income increased 18.5% YoY to $214M (XBRL), with gross margin of 42.4% (XBRL) and operating margin of 11.6% (XBRL).
- Net debt to EBITDA ratio was 1.1x (XBRL), with cash reserves of $165M (XBRL) and long-term debt of $596M (XBRL).
TYLER TECHNOLOGIES INCの売上高変化の要因
- •Total revenue for FY2024 was $1.9B (XBRL), a 16.2% YoY increase from $1.6B in FY2023 (Historical Time Series). Growth drivers include expansion in SaaS, transaction-based services, and professional IT services for public sector clients (10-K). Segment-specific revenue breakdowns are not provided in XBRL data or 10-K text (N/A).
TYLER TECHNOLOGIES INCの営業利益変化の要因
- •Gross profit was $784M (XBRL) with a gross margin of 42.4% (XBRL). Operating income rose 18.5% YoY to $214M (XBRL), with an operating margin of 11.6% (XBRL). Net income increased 1.7% YoY to $164M (XBRL), with a net margin of 8.9% (XBRL). Cost of sales changes and factors affecting operating profitability are not quantified in available data (N/A).
TYLER TECHNOLOGIES INCの事業リスクと対応
Cyber-attacks and security vulnerabilities could disrupt operations, harm reputation, and lead to financial losses (10-K).
Data breaches may result in legal liabilities, regulatory fines, and reputational damage (10-K).
Reliance on third parties for projects and financial processes poses operational risks if these partners fail (10-K).
Regulatory enforcement actions and litigation could arise from security incidents, increasing costs (10-K).
AI-driven cyber threats and vulnerabilities in client infrastructure may expose the company to unintended liabilities (10-K).
TYLER TECHNOLOGIES INCの今後の見通し・業績予想
TYLER TECHNOLOGIES INCの事業内容
Tyler Technologies Inc (TYL) provides integrated software and technology management solutions for the public sector, including back-office systems (e.g., financial management, education, tax software), platform technologies (payments, data, low-code development platforms), and IT services (cloud deployment, data conversion, training) (10-K). The company generates revenue through software sales, recurring client support services, and IT services (10-K). Key customers include local, state, and federal government entities, with no significant customer concentration (N/A). Competitive advantages include broad product offerings, industry expertise, technological innovation, and strong reputation (10-K).
TYLER TECHNOLOGIES INCのAI業績分析レポート（2024年度）
Tyler Technologies Inc (TYL) FY2024 Annual Report Analysis
Highlights
Business Overview
Tyler Technologies Inc provides integrated software and technology management solutions for the public sector, including back-office systems (e.g., financial management, education, tax software), platform technologies (payments, data, low-code development platforms), and IT services (cloud deployment, data conversion, training) (10-K). The company generates revenue through software sales, recurring client support services, and IT services (10-K). Key customers include local, state, and federal government entities, with no significant customer concentration (N/A). Competitive advantages include broad product offerings, industry expertise, technological innovation, and strong reputation (10-K).
Revenue Analysis
Total revenue for FY2024 was $1.9B (XBRL), a 16.2% YoY increase from $1.6B in FY2023 (Historical Time Series). Growth drivers include expansion in SaaS, transaction-based services, and professional IT services for public sector clients (10-K). Segment-specific revenue breakdowns are not provided in XBRL data or 10-K text (N/A).
Profitability Analysis
Gross profit was $784M (XBRL) with a gross margin of 42.4% (XBRL). Operating income rose 18.5% YoY to $214M (XBRL), with an operating margin of 11.6% (XBRL). Net income increased 1.7% YoY to $164M (XBRL), with a net margin of 8.9% (XBRL). Cost of sales changes and factors affecting operating profitability are not quantified in available data (N/A).
Balance Sheet Analysis
Equity ratio was 49.6% (XBRL), with debt-to-equity (D/E) ratio of 0.75x (XBRL). Current ratio was 0.86x (XBRL), indicating potential short-term liquidity constraints. Cash reserves were $165M (XBRL), long-term debt was $596M (XBRL), and net debt was $431M (1.1x EBITDA) (XBRL). ROE was 7.1% (XBRL), ROA 3.5% (XBRL), and ROIC 4.0% (XBRL).
Cash Flow Analysis
Operating cash flow was $381M (XBRL), with free cash flow (FCF) of $359M (XBRL) after CapEx of $23M (XBRL). Investing cash flow was -$173M (XBRL), and financing cash flow was -$344M (XBRL). No dividends or share repurchases were quantified in XBRL data or 10-K text (N/A).
Working Capital Analysis
Receivables days were 122 days (XBRL), payables days 50 days (XBRL), and asset turnover 0.39x (XBRL). Current ratio of 0.86x (XBRL) suggests potential liquidity challenges.
Risks
Outlook
Management expects future results to be influenced by client budget changes, cyber threats, integration challenges, and economic factors (10-K). No specific forward-looking financial guidance is quantified in XBRL data or 10-K text (N/A).
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