Tyler Technologies Inc. (TYL) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, TYL scores 72 out of 100, a B grade labeled "Roarable Buy — Good Risk/Reward." The five pillars are:

• Fundamental Cash Engine: 13 / 20 (ROIC 8.1%; FCF yield 4.29%). This is the weakest-scoring pillar relative to its weight. Per the market data, the return on invested capital is modest, and the free-cash-flow yield at 4.29% signals that the stock is priced at a premium to its cash generation. For a prospective investor, the upside case depends on cash-flow growth catching up to the valuation.
• Whale 13F Flow: 16 / 20 (institutional accumulation and options positioning). Per the rating, institutional positioning is supportive, though the holders section in the source data is empty, so the underlying 13F detail cannot be verified here.
• Insider Conviction: 12 / 20 (SEC Form 4 and Congressional PTR cluster flow). This is the lowest-scoring pillar. The rating indicates insider-flow conviction is middling, and the source data does not itemize the trades.
• Macro Regime Fit: 15 / 20 (beta 1.29; sector sensitivity). Per the market data, beta of 1.29 means the stock has historically amplified broad market moves. Investors should expect larger swings in both directions during risk-off or risk-on regimes.
• Forensic Balance Sheet: 16 / 20 (Altman Z 5.79; Piotroski F 9/9; Debt/Equity 0.22). This is the strongest signal in the rating. A Z-score of 5.79 and a perfect 9/9 Piotroski score point to financial strength, and a debt-to-equity ratio of 0.22 indicates limited leverage.

Valuation tradeoff: per the market data, the P/E (TTM) of 47.1, forward P/E of 43.8, and EV/EBITDA of 39.5 are elevated. The rating's upside case rests on balance-sheet durability and continued growth rather than on current cheapness. The stock sits at $373.93 within a 52-week range of $270.71 to $481.57, so it trades well below its high but well above its low.

Per the SEC financials, revenue grew from $1951.8M in FY 2023 to $2332.3M in FY 2025, and net income rose from $165.9M to $315.6M over the same span. Per the market data, gross margin is 46.5%, operating margin 15.3%, and net margin 13.5%, with ROIC at 8.1%. Per the Roarable RQD rating, the Altman Z-Score is 5.79 and the Piotroski F-Score is 9/9, and debt-to-equity is 0.22. The FY 2023 debt figure of $1913.4M is considerably higher than later periods, a shift the source data does not explain.

• CATALYST (GREEN): A Yahoo Finance report on cash-flow results describes the stock as lagging a Q3 earnings cash-flow surge, flagged as a catalyst.
• RISK WATCH (RED): A Seeking Alpha piece states the company has withstood AI risk but that upside remains limited, flagged as a risk item.
• MARKET WIRE (YELLOW): Items cover a Yahoo Finance report on accelerating insider buying and share repurchases, a Seeking Alpha piece describing a 27% selloff as a potential buying opportunity, a Yahoo Finance report on continued value creation, and a general Yahoo! Finance Canada market report.

Per the butterfly supply-chain graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals.

• What drove the step-up in debt from $597.9M in FY 2024 to $1913.4M in FY 2023 comparisons, and how did leverage evolve between those periods?
• What are the company's specific products, customer segments, and revenue mix?
• Which insider and institutional transactions underlie the insider-conviction and whale-flow pillar scores?
• What is the AI-related risk the RED news item flags, and how exposed is the revenue base to it?
• Why is EPS unreported for every fiscal period, and what is the reported diluted share count?