Tyler Technologies Inc (TYL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 935,761 | 861,099 | 783,863 | 709,644 | 542,512 |
| Revenue | US$ in thousands | 2,137,800 | 1,928,120 | 1,821,820 | 1,568,990 | 1,116,660 |
| Gross profit margin | 43.77% | 44.66% | 43.03% | 45.23% | 48.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $935,761K ÷ $2,137,800K
= 43.77%
Tyler Technologies Inc's gross profit margin has shown a gradual decline over the period from December 31, 2020, to December 31, 2024. Starting at 48.58% in 2020, the margin decreased to 45.23% by the end of 2021, followed by a further decline to 43.03% by the end of 2022. However, there was a slight improvement in 2023 with the margin rising to 44.66%, before dropping to 43.77% by the end of 2024.
This trend indicates a fluctuation in the company's ability to generate profit from its core operations. A declining gross profit margin may suggest challenges in managing production costs or pricing strategies. It is essential for Tyler Technologies Inc to closely monitor and address the factors contributing to this trend to ensure sustainable profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024