Tyler Technologies, Inc. — Earnings Quality Grade C
TYL · Technology
Some red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 100 days, change -0 days YoY
AR growth 8.7% vs revenue growth 9.1%
Revenue 9.1%, CFFO 4.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -34.3% vs revenue 9.1%. Normal
SG&A/Gross Profit = 42.9%. Normal
Gross margin 46.5%, change +2.7pp. Stable
Cash Flow Quality
CFFO/NI = 2.07. Profits backed by cash
FCF $0.6B, FCF/NI = 1.97
Accruals ratio = -6.0%. Low accruals
Cash $1.1B covers debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $3.4B = 93% of equity. Over 50%
Debt/EBITDA = 1.2x. Healthy
Other assets 8.4% vs revenue 9.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -2.72 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10