Tyler Technologies
Tyler Technologies returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 8.13% | 8.76% | -3.86% | 9.73% | 5.78% | -1.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.72% | 9.97% | — | 8.93% | 6.32% | -0.6 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.86% | 8.94% | 73.89% | 8.9% | 5.83% | -0.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | 8.73% | 9.16% | 167.06% | 9.17% | 6.03% | -0.6 pp |
| FY 2025 Q2 | Jun 30, 2025 | 8.34% | 8.95% | — | 9.07% | 5.99% | -1 pp |
| FY 2025 Q1 | Mar 31, 2025 | 8.1% | 8.73% | — | 8.87% | 5.92% | -1.2 pp |
| FY 2024 Q4 | Dec 31, 2024 | 7.68% | 7.69% | — | 8.32% | 5.34% | -1.6 pp |
| FY 2024 Q3 | Sep 30, 2024 | 6.96% | 7.16% | — | 7.73% | 4.91% | -2.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 6.13% | 6.74% | — | 7.04% | 4.4% | -3.2 pp |
| FY 2024 Q1 | Mar 31, 2024 | 5.87% | 6.45% | 265.32% | 6.63% | 4.13% | -3.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.34% | 5.85% | — | 5.97% | 3.54% | -4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.18% | 5.57% | -170.98% | 5.86% | 3.4% | -4.1 pp |
| FY 2023 Q2 | Jun 30, 2023 | 5.45% | 5.39% | -13.76% | 6.29% | 3.49% | -3.9 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.24% | 5.3% | — | 6.11% | 3.34% | -4.1 pp |
| FY 2022 Q4 | Dec 31, 2022 | 6.05% | 5.56% | — | 6.64% | 3.49% | -3.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 6.76% | 5.73% | 5.34% | 7.92% | 4.02% | -2.5 pp |
| FY 2022 Q2 | Jun 30, 2022 | 6.24% | 5.54% | 4.89% | 7.83% | 3.79% | -3.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | — | 5.95% | — | 7.39% | 4.13% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 6.08% | — | 7.49% | 4.4% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 6.21% | — | 7.84% | 4.48% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 6.04% | — | 7.92% | 4.44% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 7.91% | — | 9.76% | 6.76% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 9.28% | — | 10.81% | 8.12% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 9.62% | — | 10.97% | 8.25% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 9.48% | — | 11.6% | 8.71% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 9.5% | — | 10.86% | 8.08% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 10.25% | — | 9.96% | 7.36% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 9.86% | — | 8.93% | 6.7% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 10.25% | — | 9.4% | 7% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 10.54% | — | 10.46% | 7.75% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 11.85% | — | 11.84% | 8.72% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 12.13% | — | 14.22% | 10.58% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 13.28% | — | 15.02% | 11.07% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 13.99% | — | 15.21% | 11.37% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 14.61% | — | 15.74% | 11.12% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 14.23% | — | 13.61% | 9.37% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 13.61% | — | 12.71% | 8.23% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 13.52% | — | 11.9% | 7.83% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 13.03% | — | 12.38% | 8.09% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 16.06% | — | 10.18% | 6.58% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 15.04% | — | 10.52% | 6.29% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 15.57% | — | 11.17% | 6.86% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 15.89% | — | 10.85% | 6.72% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 30.63% | — | 19.69% | 11.92% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 31.97% | — | 20.51% | 12.08% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 31.74% | — | 20.32% | 12.83% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 31.95% | — | 20.21% | 11.57% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 34.99% | — | 21.5% | 11.82% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 35.38% | — | 21.58% | 11.26% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 33.08% | — | 19.91% | 11.34% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 31.9% | — | 19.97% | 9.99% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 34.74% | — | 23.32% | 11.01% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 35.89% | — | 26.99% | 10.95% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 38.82% | — | 28.88% | 12.07% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 36.24% | — | 29.54% | 10.41% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 39.61% | — | 35.37% | 11.59% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 31.51% | — | 28.41% | 9.74% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · TYL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.