Tyler Technologies Inc (TYL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 308,167 276,050 248,868 226,333 198,236 187,205 180,077 174,706 187,592 197,333 196,780 172,113 158,981 164,033 162,736 178,455 175,042 174,420 165,036 159,644
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
Pretax margin 14.43% 13.32% 12.34% 11.46% 10.28% 9.88% 9.63% 9.52% 10.30% 10.92% 10.95% 9.97% 10.13% 11.52% 12.96% 15.73% 15.68% 15.54% 14.84% 14.31%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $308,167K ÷ $2,135,619K
= 14.43%

Tyler Technologies Inc's pretax margin has shown fluctuations over the past few years, starting at 14.31% on March 31, 2020, reaching a peak of 15.73% on March 31, 2021, and then experiencing a decline to 10.13% on December 31, 2021. The trend continued downwards, hitting a low of 9.52% on March 31, 2022, before experiencing a slight recovery.

However, the pretax margin started to rise again, reaching 14.43% on December 31, 2024. Despite some fluctuations, there seems to be an overall trend of improving pretax margins over the long term, indicating potential efficiency gains or cost management improvements within the company. It would be important to investigate the factors behind these fluctuations to determine their impact on Tyler Technologies Inc's profitability and overall financial performance.