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| 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, Tyler Technologies, Inc. has experienced consistent revenue growth alongside improvements in profitability metrics. Revenues increased from approximately 1,117 million USD in 2020 to 2,138 million USD in 2024, with the most pronounced jump—around 43%—occurring between 2020 and 2021. Gross profit followed an upward trend, rising from about 543 million USD in 2020 to nearly 936 million USD in 2024, reflecting a steady improvement in the company’s ability to manage its direct costs despite market fluctuations. Operating income, while relatively steady between 2020 (173 million USD) and 2023 (219 million USD), surged to approximately 300 million USD in 2024, suggesting that the company either improved its operational efficiency or benefited from favorable market conditions or pricing power during the most recent fiscal year. Net income exhibited some volatility, declining from 195 million USD in 2020 to around 161–166 million USD during 2021–2023 before rebounding significantly to 263 million USD in 2024—a substantial year-over-year increase exceeding 20%. This marked improvement in net income may indicate an enhanced operating leverage or effective cost management. Given Tyler Technologies’ position as a key software provider to government sectors, these positive trends, coupled with an expanding revenue base, suggest a robust overall financial health and a sustainable business model, well-positioned to capitalize on continued public sector IT investments.
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.