Tyler Technologies vs NCR Voyix
NCR Voyix is the larger business, with $2.69bn of revenue in fiscal 2025 against $2.33bn for Tyler Technologies (1.2 times as much). Tyler Technologies grew faster (9.1% against -4.6%). Tyler Technologies kept more of each dollar of sales as profit: a net margin of 13.5% against 2.3%.
| Latest fiscal year | Tyler TechnologiesTYL, 2025 | NCR VoyixVYX, 2025 |
|---|---|---|
| Revenue | $2.33bn | $2.69bn |
| Revenue growth | 9.1% | -4.6% |
| Net income | $316m | $62.0m |
| Operating margin | — | 1.0% |
| Net margin | 13.5% | 2.3% |
| Return on equity | 8.9% | 6.6% |
| Free cash flow | $638m | −$375m |
| Cash | $1.02bn | $231m |
| Total debt | $600m | $1.10bn |
| Debt to equity | — | 116.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $175m | $74.0m |
| Employees | 7,800 | 13,500 |
| Market value | $19.59bn | $1.21bn |
| Price vs our value range | Above our value range | — |
| Moat score | 64 (Moderate) | 29 (Weak) |
| Insider trades, 12 months | 2 buys, 13 sales | 0 buys, 1 sales |