Tyler Technologies Inc (TYL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 308,167 | 198,236 | 187,593 | 158,981 | 175,042 |
| Revenue | US$ in thousands | 2,137,800 | 1,928,120 | 1,821,820 | 1,568,990 | 1,116,660 |
| Pretax margin | 14.42% | 10.28% | 10.30% | 10.13% | 15.68% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $308,167K ÷ $2,137,800K
= 14.42%
Tyler Technologies Inc's pretax margin has shown some fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The pretax margin stood at 15.68% in 2020, indicating that the company was able to retain approximately 15.68% of its revenue before accounting for taxes.
However, there was a decrease in the pretax margin in the following years, with figures of 10.13%, 10.30%, and 10.28% for 2021, 2022, and 2023, respectively. This downward trend suggests that Tyler Technologies Inc may have faced challenges in maintaining profitability relative to its revenue during these years.
Nevertheless, there was a notable improvement in the pretax margin in 2024, reaching 14.42%. This rebound indicates that the company was able to enhance its efficiency in managing costs and generating profits before tax in that particular year.
Overall, it is essential for Tyler Technologies Inc to continue monitoring and managing its cost structure and revenue generation strategies effectively to ensure sustainable profitability and maintain a healthy pretax margin in the future.
Peer comparison
Dec 31, 2024