Tyler Technologies Inc (TYL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	165,919	164,240	161,458	194,820	146,527
Revenue	US$ in thousands	1,928,120	1,821,820	1,568,990	1,116,660	1,086,430
Net profit margin		8.61%	9.02%	10.29%	17.45%	13.49%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $165,919K ÷ $1,928,120K
= 8.61%

Tyler Technologies, Inc.'s net profit margin has shown a decreasing trend over the last five years, with values of 8.50% in 2023, 8.88% in 2022, 10.14% in 2021, 17.45% in 2020, and 13.49% in 2019. This indicates that the company's profitability relative to its revenue has been gradually declining. The significant decrease from 2019 to 2020 may suggest a temporary increase in expenses or a decrease in revenue during that period that impacted the net profit margin. It would be essential for stakeholders to further investigate the factors driving this trend and evaluate the company's overall financial performance and efficiency in generating profits.