Tyler Technologies Inc (TYL)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	935,761	911,867	899,567	884,928	861,099	841,507	821,010	791,281	783,862	777,689	769,242	757,855	709,644	661,153	608,446	557,588	542,512	546,118	533,326	529,983
Revenue (ttm)	US$ in thousands	2,135,619	2,071,672	2,017,211	1,974,127	1,928,121	1,895,055	1,870,112	1,834,691	1,821,826	1,806,258	1,796,802	1,725,968	1,569,383	1,424,118	1,255,387	1,134,841	1,116,663	1,122,215	1,111,869	1,115,902
Gross profit margin		43.82%	44.02%	44.59%	44.83%	44.66%	44.41%	43.90%	43.13%	43.03%	43.06%	42.81%	43.91%	45.22%	46.43%	48.47%	49.13%	48.58%	48.66%	47.97%	47.49%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $935,761K ÷ $2,135,619K
= 43.82%

Tyler Technologies Inc's gross profit margin has shown some fluctuations over the past few years. It started at 47.49% on March 31, 2020, and experienced slight increases until March 31, 2021, reaching a peak of 49.13%. However, there was a decline in the following quarters, with the margin dropping to 42.81% by June 30, 2022.

Although there were slight improvements seen in the subsequent quarters, the trend was not sustained as the gross profit margin fluctuated around the mid-40% range. The margin reached its lowest point at 43.03% on December 31, 2022, but then gradually increased to 44.66% by December 31, 2023. Despite some fluctuations, the gross profit margin remained above 40% throughout the period under review.

Overall, the analysis suggests that Tyler Technologies Inc has generally maintained a healthy gross profit margin, although there have been fluctuations that may warrant further investigation into the underlying factors impacting the company's profitability.