Tyler Technologies Inc (TYL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 198,236 | 187,593 | 158,981 | 175,042 | 159,838 |
| Revenue | US$ in thousands | 1,928,120 | 1,821,820 | 1,568,990 | 1,116,660 | 1,086,430 |
| Pretax margin | 10.28% | 10.30% | 10.13% | 15.68% | 14.71% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $198,236K ÷ $1,928,120K
= 10.28%
Tyler Technologies, Inc.'s pretax margin has shown a relatively stable trend over the past five years, ranging between 9.98% and 15.68%. In 2023, the pretax margin increased slightly to 10.16% compared to 10.14% in 2022. This indicates that the company is effectively managing its expenses relative to its total revenues before taxes. However, it is important to note that the pretax margin has not reached the levels seen in 2020 and 2019, when it was notably higher, indicating potentially more efficient operations in those years. Further analysis of the company's cost structure and revenue generation may provide insights into the factors influencing the pretax margin fluctuations.
Peer comparison
Dec 31, 2023