Tyler Technologies Inc (TYL)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 263,026 | 165,919 | 164,240 | 161,458 | 194,820 |
| Revenue | US$ in thousands | 2,137,800 | 1,928,120 | 1,821,820 | 1,568,990 | 1,116,660 |
| Net profit margin | 12.30% | 8.61% | 9.02% | 10.29% | 17.45% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $263,026K ÷ $2,137,800K
= 12.30%
Tyler Technologies Inc's net profit margin has shown a gradual decline from 17.45% in December 2020 to 8.61% in December 2023, before experiencing an increase to 12.30% by December 2024. This trend indicates a fluctuation in the company's profitability over the years. The initial high margin suggests strong efficiency in cost management and revenue generation, but the subsequent decrease may signal challenges in maintaining profitability, possibly due to increased expenses or changes in revenue streams. The bounce-back in 2024 could imply that the company has taken steps to improve its bottom line. Overall, monitoring this metric is crucial for stakeholders to assess Tyler Technologies Inc's financial performance and sustainability.
Peer comparison
Dec 31, 2024