Fair Isaac vs Tyler Technologies
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The short version
- Tyler Technologies is the larger business, with $2.3B of revenue in fiscal 2025 against $2.0B for Fair Isaac.
- Fair Isaac grew revenue faster (15.9%, against 9.1%).
- Fair Isaac kept more of each dollar of sales as operating profit (46.5% operating margin, against 15.3%).
- Fair Isaac turned more of its sales into free cash flow (38.7% FCF margin, against 27.3%).
- Fair Isaac earned a higher return on the capital invested in it (65.6%, against 9.0%).
- Investors pay more for each dollar of Tyler Technologies’s earnings: a P/E of 51.7x against 23.6x for Fair Isaac.
| Latest fiscal year | FICO · FY25 | TYL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.5B | $16.3B |
| Revenue | $2.0B | $2.3B |
| Free cash flow | $770M | $638M |
| Net income | $652M | $316M |
| Growth | ||
| Revenue growth | 15.9% | 9.1% |
| 5-year growth | 9.0% | 15.9% |
| Share count change | −2.1% | 0.7% |
| Profitability | ||
| Gross margin | 82.2% | 46.5% |
| Operating margin | 46.5% | 15.3% |
| Net margin | 32.8% | 13.5% |
| FCF margin | 38.7% | 27.3% |
| Return on capital | 65.6% | 9.0% |
| Return on equity | — | 8.9% |
| Balance sheet | ||
| Net debt | $2.9B | −$498M |
| Net debt / EBITDA | 3.1x | −1.0x |
| Dividends and buybacks | $1.4B | $175M |
| Valuation & quality | ||
| P/E | 23.6x | 51.7x |
| Piotroski F-score | 7 | 6 |
Revenue
FY16
FICO $881M
TYL $760M
FY17
FICO $932M
TYL $841M
FY18
FICO $1.0B
TYL $935M
FY19
FICO $1.2B
TYL $1.1B
FY20
FICO $1.3B
TYL $1.1B
FY21
FICO $1.3B
TYL $1.6B
FY22
FICO $1.4B
TYL $1.9B
FY23
FICO $1.5B
TYL $2.0B
FY24
FICO $1.7B
TYL $2.1B
FY25
FICO $2.0B
TYL $2.3B
FICO
TYL
Operating margin
FY16
FICO 19.2%
TYL 18.1%
FY17
FICO 19.5%
TYL 19.4%
FY18
FICO 17.0%
TYL 16.3%
FY19
FICO 21.9%
TYL 14.4%
FY20
FICO 22.9%
TYL 15.5%
FY21
FICO 38.4%
TYL 11.4%
FY22
FICO 39.4%
TYL 11.6%
FY23
FICO 42.5%
TYL 11.2%
FY24
FICO 42.7%
TYL 14.0%
FY25
FICO 46.5%
TYL 15.3%
FICO
TYL
Free cash flow
FY16
FICO $188M
TYL $154M
FY17
FICO $206M
TYL $153M
FY18
FICO $192M
TYL $223M
FY19
FICO $236M
TYL $217M
FY20
FICO $343M
TYL $332M
FY21
FICO $416M
TYL $338M
FY22
FICO $503M
TYL $359M
FY23
FICO $465M
TYL $360M
FY24
FICO $624M
TYL $604M
FY25
FICO $770M
TYL $638M
FICO
TYL
Return on capital
FY16
FICO 17.7%
TYL —
FY17
FICO 23.5%
TYL —
FY18
FICO 21.5%
TYL —
FY19
FICO 32.7%
TYL —
FY20
FICO 34.1%
TYL —
FY21
FICO 61.0%
TYL 8.1%
FY22
FICO 64.5%
TYL 5.6%
FY23
FICO 53.2%
TYL 5.4%
FY24
FICO 56.0%
TYL 7.7%
FY25
FICO 65.6%
TYL 9.0%
FICO
TYL
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.