Tyler Technologies, Inc. (TYL)财务
NYSE · Technology · Software - Application · 员工7,879人 · CEO H. Lynn Moore Jr.
- 股价
- $430.37 +1.69%
- 市值
- $171亿
- 企业价值
- $178亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-10 EPS预期 $3.41
营收(TTM)$24.8亿+8.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)15.6%+0.2 百分点 对比去年同期营业利润 $3.87亿
净利润(TTM)$3.35亿+6.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.4亿+19.5% 对比去年同期资本支出 $1810万
稀释EPS(TTM)$7.94+10.4% 对比去年同期最近4个季度之和
净现金-$5.76亿-287.4% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $171亿 EV $178亿
- 营收
- $24.8亿 过去12个月
- 营收增速
- +9% FY2026年一致预期
- 净利润率
- 13.5% 净利润 / 营收,TTM
- P/E
- 53.7× 预期 32.9×(FY2026)
- P/S
- 6.9× 股价 / 营收,TTM
- EV / EBITDA
- 30.6× TTM
- 自由现金流
- $7.4亿 过去12个月
- 净利润
- $3.35亿 过去12个月
- 营收预期
- $25.5亿 FY2026年一致预期
- 盈利
- 2027-02-10 营收预期 $6.45亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收低于预期0.6%,EPS 超预期1.1%营收$6.48亿,预期$6.51亿(-0.6%);EPS $3.52,预期$3.48(+1.1%)。
- 营收增长平稳:同比8.7%Q3 '26营收$6.48亿,此前四个季度的平均值为8.2%。
- 营业利润率15.6%(TTM),较去年同期+0.2 百分点营收增长8.0%,营业利润增长9.2%。
- 税前利润的10.7%来自营业外收益税前利润$4.33亿,营业利润$3.87亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.7%(去年为0.7%)最近4个季度投入$1810万(同比+16.8%)。自由现金流$7.4亿,相当于净利润的220.7%。
- 股东回报$11.2亿 = 自由现金流的151.9%回购$11.2亿(去年为$0),股息$0,股权激励$1.59亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少6.9%Q3 '26稀释股数4070万,一年前为4370万。
- 净债务 $5.76亿现金 + 短期投资 $8.79亿,含租赁债务 $14.6亿;一年前净现金 $3.07亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $6.48亿 | $5.96亿 | +8.7% |
| 毛利率 | 49.1% | 47.2% | +1.9 百分点 |
| 营业利润 | $1.17亿 | $9790万 | +19.5% |
| 营业利润率 | 18.1% | 16.4% | +1.6 百分点 |
| 净利润 | $9510万 | $8440万 | +12.7% |
| 稀释EPS | $2.33 | $1.93 | +20.7% |
| 经营现金流 | $2.82亿 | $2.55亿 | +10.7% |
| 资本支出 | $550万 | $388万 | +41.8% |
| 自由现金流 | $2.77亿 | $2.51亿 | +10.2% |
| R&D | $6330万 | $5180万 | +22.3% |
| 股权激励费用 | $3920万 | $3670万 | +6.9% |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $6.48亿 | $6.51亿 | -0.6% |
| EPS(一致预期口径) | $3.52 | $3.48 | +1.1% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Saas Arrangements | $2.42亿 | – | 38.3% | – | – | |
| Transaction Based Fees | $2.2亿 | – | 34.9% | – | – | |
| Maintenance | $1.06亿 | -4.6% | 16.8% | $4.3亿 | -4.6% | |
| Professional Services | $6300万 | -2.7% | 10.0% | $2.42亿 | -3.2% | |
| Hardware and Other | – | – | – | – | – | |
| Software Licenses And Royalties | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '24分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Enterprise Software Segment | – | – | $1.4亿 | – | – | – | – |
| Platform Technologies Segment | – | – | $3290万 | – | – | – | – |
| Corporate (unallocated) | – | – | -$6680万 | – | – | – | – |
| Operating Segments And Corporate Non Segment | – | – | $1.06亿 | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $7.58亿
- 资本支出
- -$1810万
- 股票回购
- -$11.2亿
- 股息
- $0
- 收购
- -$2.88亿
- 债务净发行
- $7.69亿
- 股权激励费用
- $1.59亿
- 自由现金流
- $7.4亿
- 股东回报 / FCF
- 151.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 53.7× | 95.8× | 62.0× – 136.2× |
| EV / EBITDA | 30.6× | 48.2× | 35.3× – 70.3× |
| EV / 营收 | 7.2× | 10.2× | 7.7× – 14.5× |
| 股价 / FCF | 23.1× | 47.0× | 30.7× – 69.5× |
| 股价 / 净资产 | 6.2× | 6.6× | 5.1× – 9.5× |
| FCF收益率 | 4.3% | 2.3% | 1.4% – 3.3% |
| 投入资本回报率 | 6.8% | 5.5% | 4.9% – 6.4% |
| 净资产收益率 | 10.2% | 7.0% | 5.6% – 8.5% |
分析师
一致目标价 $410.56 (-4.6%)
区间 $340.00 – $500.00 · 评级 Buy
强烈买入0
买入25
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $25.5亿 | +9.4% | $13.09 | +81.9% | 32.9× | 14 |
| FY2027 | $28亿 | +9.9% | $15.57 | +18.9% | 27.6× | 14 |
| FY2028 | $30.8亿 | +9.8% | $17.76 | +14.1% | 24.2× | 8 |
| FY2029 | $34.1亿 | +10.8% | $20.44 | +15.1% | 21.1× | 5 |
| FY2030 | $37.5亿 | +9.9% | $23.55 | +15.2% | 18.3× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Tyler Technologies, Inc.在近期10-Q / 10-K文件中标记的全部284项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $10亿2026-02-03 | – | – | – | – | – | |
| Accounts Payable, Current | $1.79亿 | $1.48亿 | +20.7% | $1.75亿 | $1.57亿 | +11.4% |
| Accounts Receivable, after Allowance for Credit Loss | $7.01亿 | $6.69亿 | +4.8% | $6.45亿 | $5.95亿 | +8.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $6.84亿 | $6.62亿 | +3.4% | $6.39亿 | $5.88亿 | +8.7% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $1660万 | $686万 | +141.7% | $597万 | $715万 | -16.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2520万 | $2300万 | +9.6% | $3200万 | $1730万 | +84.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $1460万 | -$550万 | +366.1% |
| Accrued Liabilities, Current | $2.12亿 | $1.73亿 | +22.2% | $1.91亿 | $1.98亿 | -3.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.71亿2025-12-31 | $1.74亿 | -2.2% | $1.71亿 | $1.74亿 | -2.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$57.8万 | -$5.4万 | -970.4% | -$1.1万 | -$15.7万 | +93.0% |
| Additional Paid in Capital, Common Stock | $14.8亿 | $16.5亿 | -10.1% | $16.2亿 | $15.4亿 | +5.0% |
| Amortization of Debt Issuance Costs and Discounts | $166万 | $64.8万 | +155.6% | $253万 | $275万 | -8.0% |
| Amortization of Intangible Assets | – | – | – | $9420万 | $9690万 | -2.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3100万 | $3670万 | -15.4% | $1.51亿 | $1.23亿 | +23.2% |
| Assets | $56.5亿 | $54.6亿 | +3.4% | $56.4亿 | $51.8亿 | +8.9% |
| Assets, Current | $16.6亿 | $17.4亿 | -4.4% | $18.4亿 | $14.4亿 | +28.0% |
| Business Combination, Acquisition Related Costs | $50万 | – | – | $71.4万 | $2.9万 | +2,362.1% |
| Capital Expenditures Incurred but Not yet Paid | $78.2万 | $5万 | +1,464.0% | $31.2万 | $25.4万 | +22.8% |
| Capitalized Computer Software, Accumulated Amortization | $6820万2025-12-31 | $4260万 | +60.2% | $6820万 | $4260万 | +60.2% |
| Capitalized Computer Software, Additions | $106万 | $374万 | -71.6% | $1680万 | $2940万 | -42.9% |
| Capitalized Computer Software, Amortization | – | – | – | $2450万 | $2040万 | +20.2% |
| Capitalized Computer Software, Gross | $1.37亿2025-12-31 | $1.19亿 | +15.1% | $1.37亿 | $1.19亿 | +15.1% |
| Capitalized Computer Software, Net | $4860万 | $7180万 | -32.2% | $6840万 | $7610万 | -10.2% |
| Capitalized Contract Cost, Amortization | $643万 | $551万 | +16.6% | $2190万 | $1990万 | +9.9% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Capitalized Contract Cost, Net | $8710万 | $6870万 | +26.8% | $7860万 | $5680万 | +38.3% |
| Capitalized Contract Cost, Net, Current | $2520万 | $2000万 | +26.2% | $2400万 | $1800万 | +33.1% |
| Capitalized Contract Cost, Net, Noncurrent | $6200万 | $4880万 | +27.0% | $5460万 | $3880万 | +40.8% |
| Cash and Cash Equivalents, at Carrying Value | $7.88亿 | $8.34亿 | -5.5% | $10.2亿 | $7.45亿 | +36.3% |
| Cash and Cash Equivalents, Fair Value Disclosure | $7.88亿 | $8.34亿 | -5.5% | $10.2亿 | $7.45亿 | +36.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $7.88亿 | $8.34亿 | -5.5% | $10.2亿 | $7.45亿 | +36.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.07亿 | $4670万 | -329.6% | $2.71亿 | $5.79亿 | -53.3% |
| Commitments and Contingencies | $0 | $0 | – | $0 | $0 | – |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 1亿 | 1亿 | 0.0% | 1亿 | 1亿 | 0.0% |
| Common Stock, Shares, Issued | 4810万 | 4810万 | 0.0% | 4810万 | 4810万 | 0.0% |
| Common Stock, Shares, Outstanding | 4810万 | 4810万 | 0.0% | – | – | – |
| Common Stock, Value, Issued | $48.1万 | $48.1万 | 0.0% | $48.1万 | $48.1万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $9490万 | $8450万 | +12.4% | $3.16亿 | $2.63亿 | +20.0% |
| Contract with Customer, Liability | $8.64亿 | $7.83亿 | +10.3% | $8.02亿 | $7.24亿 | +10.8% |
| Contract with Customer, Liability, Current | $8.46亿 | $7.61亿 | +11.2% | $7.81亿 | $7.01亿 | +11.3% |
| Contract with Customer, Liability, Noncurrent | $1800万 | $2220万 | -19.1% | $2100万 | $2240万 | -6.2% |
| Convertible Debt | $14.1亿 | – | – | – | – | – |
| Convertible Debt, Current | $0 | $5.99亿 | -100.0% | – | – | – |
| Convertible Debt, Noncurrent | $14.1亿 | $0 | – | $0 | $5.98亿 | -100.0% |
| Cost of Goods and Services Sold | $3.29亿 | $3.14亿 | +4.7% | $12.5亿 | $12亿 | +3.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1010万 | $6060万 | -83.4% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $80.7万 | $38.5万 | +109.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $3090万 | $7580万 | -59.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2000万 | $1480万 | +35.1% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $2740万 | $76.9万 | +3,461.8% | $33.7万 | $207万 | -83.7% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $0 | $7.2万 | -100.0% | $12.7万 | $3000 | +4,133.3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $77.2万 | $14.6万 | +428.8% | $14.4万 | $21.3万 | -32.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $1.01亿 | $2310万 | +335.9% | $890万 | $1350万 | -34.1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 90 security | 27 security | +233.3% | 11 security | 22 security | -50.0% |
| Debt Securities, Available-for-sale, Gain (Loss) | $0 | $0 | – | $6000 | -$1.8万 | +133.3% |
| Debt, Long-term and Short-term, Combined Amount | $14.1亿 | – | – | – | – | – |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $1.17亿 | $1.39亿 | -15.8% | $1.43亿 | $3420万 | +316.4% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $1.16亿 | $1.39亿 | -16.3% | $1.42亿 | $3400万 | +318.9% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $9120万 | $1.17亿 | -21.9% | $8180万 | $2330万 | +251.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-06