MU
Micron Technology, Inc.
MU has the edge over TYL overall, supported by stronger fundamentals and stronger modeled upside.
TYL
Tyler Technologies, Inc.
TYL has slightly lower modeled downside risk, despite its lower overall score.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
TYL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TYL's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 4.6x next year's earnings.
TYL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $424 | — |
| Current | 53x | $424 | — |
| Cheap | 71x | $565 | +33% |
| Fair | 92x | $734 | +73% |
| Expensive | 113x | $895 | +111% |
Historical ranges are pointers, not guarantees.
TYL has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
TYL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for TYL, with profitability improving.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
TYL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.99 | +89% |
| Q3 2026 | $7.94 | +11% |
| Q2 2026 | $7.54 | +7.9% |
| Q1 2026 | $7.24 | +9.2% |
| Q4 2025 | $7.20 | +19% |
| Q3 2025 | $7.18 | +31% |
| Q2 2025 | $6.99 | +45% |
| Q1 2025 | $6.63 | +50% |
| Q4 2024 | $6.05 | +56% |
TYL's earnings per share have climbed steadily: $7.94 over the past year, up 11% from the year before, and higher year over year for 12 quarters in a row.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over TYL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over TYL on profitability, with a higher operating margin.
TYL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $647.6M | +8.7% |
| Q2 2026 | $645.1M | +8.2% |
| Q1 2026 | $613.5M | +8.6% |
| Q4 2025 | $575.2M | +6.3% |
| Q3 2025 | $595.9M | +9.7% |
| Q2 2025 | $596.1M | +10% |
| Q1 2025 | $565.2M | +10% |
| Q4 2024 | $541.1M | +13% |
TYL's revenue has grown year over year for 23 quarters in a row: $648M last quarter, up 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +1.6 points |
| Q2 2026 | 15% | -1.3 points |
| Q1 2026 | 16% | +0.5 points |
| Q4 2025 | 13% | -0.2 points |
| Q3 2025 | 16% | +1.2 points |
| Q2 2025 | 16% | +1.6 points |
| Q1 2025 | 16% | +2.7 points |
| Q4 2024 | 13% | +3.3 points |
TYL's operating margin was 18% last quarter, up 1.6 points from the same quarter a year ago, near the top of its range since 2019.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over TYL on cash flow, with more consistent year-over-year improvement.
TYL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $278M | +11% |
| Q2 2026 | $119.4M | +29% |
| Q1 2026 | $104M | +93% |
| Q4 2025 | $239.6M | +8.4% |
| Q3 2025 | $251.3M | -3.6% |
| Q2 2025 | $92.8M | +61% |
| Q1 2025 | $53.8M | -17% |
| Q4 2024 | $221M | +59% |
TYL generated $741M in free cash flow over the past year, up 20% from the year before.
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
TYL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.7% | -1.1M shares |
| 1 year | -7.1% | -3.1M shares |
| 3 years | -4.9% | -2.1M shares |
| 5 years | -3.7% | -1.6M shares |
| Available history | 0% | -5K shares |
TYL has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $369.1M |
| Q2 2026 | $504.9M |
| Q1 2026 | $250.1M |
| Q4 2025 | — |
| Q3 2025 | $173M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q4 2021 | $2,000 |
TYL spent $1.1B buying back its own shares over the past year.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has more cash than debt.
TYL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
TYL has the edge over MU on leverage, with a lower net debt burden relative to earnings.
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
TYL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.4 | Neutral |
| Stochastic | 91.4 | Overbought |
TYL's weekly RSI is 67 (neutral) and its Stochastic is 91 (overbought).
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over TYL on valuation relative to its sector.
TYL PE vs Technology Sector
| Metric | TYL | Sector median | Relative |
|---|---|---|---|
| PE | 53x | 28x | 91% above |
| PE % | 11 | 35 | 24 pts below |
TYL is trading at 53x earnings, a 91% premium to the Technology sector's median of 28x.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 225% above its 200-week average.
TYL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $370.9 | 14% above |
| 20 week MA | $346.5 | 22% above |
| 50 week MA | $355.1 | 19% above |
| 100 week MA | $456.4 | 7.2% below |
| 200 week MA | $451.1 | 6.1% below |
TYL has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 6.1% below its 200-week average.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over TYL on returns for 2026, with the stronger performance.
TYL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $300.6 | $434.3 | +44% |
| 2021 | $434.3 | $523.1 | +20% |
| 2022 | $523.1 | $320.1 | -39% |
| 2023 | $320.1 | $418.1 | +31% |
| 2024 | $418.1 | $587.1 | +40% |
| 2025 | $587.1 | $461.1 | -21% |
| 2026 YTD | $461.1 | $423.6 | -8.1% |
TYL has finished higher in four of the last six years. It's down 8.1% so far in 2026.