Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,117 | $1,592 | $1,850 | $1,952 | $2,138 |
| Gross Profit | $543 | $710 | $784 | $861 | $936 |
| Operating Income | $173 | $181 | $214 | $219 | $300 |
| Net Income | $195 | $161 | $164 | $166 | $263 |
Over the five-year period from 2020 to 2024, Tyler Technologies demonstrates a consistent upward trend in its key financial metrics. Revenue has nearly doubled, increasing from approximately USD 1,117 million in 2020 to USD 2,138 million in 2024. Gross profit has grown in line with revenue, moving from roughly USD 543 million to USD 936 million, which suggests that while the company’s scale has expanded, it has managed to maintain relatively stable margins. Operating income showed a steady performance with moderate growth in the early years; however, a significant jump is observed in 2024 where operating income reached nearly USD 300 million—a substantial year-over-year increase from the preceding year. Net income, although slightly volatile between 2020 and 2023 (ranging from about USD 161 million to USD 195 million), registered a pronounced improvement in 2024, rising to approximately USD 263 million. This financial trajectory aligns with Tyler Technologies’ positioning within the public sector software industry, where increased digitization and modernization of government operations have spurred demand. The marked improvement in operating income and net income in 2024 could be attributable to operational enhancements, cost management strategies, or favorable market dynamics that helped expand its profit base significantly. Overall, Tyler Technologies appears to be in sound financial health with sustainable growth, evidencing robust revenue expansion and improved profitability. This performance underscores the company’s ability to innovate and capitalize on emerging market opportunities within an industry that continues to experience steady modernization.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.