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Side-by-side financial comparison of Sonos Inc (SONO) and Tyler Technologies (TYL). Click either name above to swap in a different company.

Tyler Technologies is the larger business by last-quarter revenue ($575.2M vs $287.9M, roughly 2.0× Sonos Inc). Tyler Technologies runs the higher net margin — 11.4% vs -13.1%, a 24.5% gap on every dollar of revenue. On growth, Sonos Inc posted the faster year-over-year revenue change (12.7% vs 6.3%). Over the past eight quarters, Tyler Technologies's revenue compounded faster (6.0% CAGR vs -31.5%).

Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai.

Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

SONO vs TYL — Head-to-Head

Bigger by revenue
TYL
TYL
2.0× larger
TYL
$575.2M
$287.9M
SONO
Growing faster (revenue YoY)
SONO
SONO
+6.4% gap
SONO
12.7%
6.3%
TYL
Higher net margin
TYL
TYL
24.5% more per $
TYL
11.4%
-13.1%
SONO
Faster 2-yr revenue CAGR
TYL
TYL
Annualised
TYL
6.0%
-31.5%
SONO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SONO
SONO
TYL
TYL
Revenue
$287.9M
$575.2M
Net Profit
$-37.9M
$65.5M
Gross Margin
43.7%
45.5%
Operating Margin
-12.0%
13.0%
Net Margin
-13.1%
11.4%
Revenue YoY
12.7%
6.3%
Net Profit YoY
28.7%
0.5%
EPS (diluted)
$-0.30
$1.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SONO
SONO
TYL
TYL
Q4 25
$575.2M
Q3 25
$287.9M
$595.9M
Q2 25
$344.8M
$596.1M
Q1 25
$259.8M
$565.2M
Q4 24
$550.9M
$541.1M
Q3 24
$255.4M
$543.3M
Q2 24
$397.1M
$541.0M
Q1 24
$252.7M
$512.4M
Net Profit
SONO
SONO
TYL
TYL
Q4 25
$65.5M
Q3 25
$-37.9M
$84.4M
Q2 25
$-3.4M
$84.6M
Q1 25
$-70.1M
$81.1M
Q4 24
$50.2M
$65.2M
Q3 24
$-53.1M
$75.9M
Q2 24
$3.7M
$67.7M
Q1 24
$-69.7M
$54.2M
Gross Margin
SONO
SONO
TYL
TYL
Q4 25
45.5%
Q3 25
43.7%
47.2%
Q2 25
43.4%
45.8%
Q1 25
43.7%
47.3%
Q4 24
43.8%
43.8%
Q3 24
40.3%
43.7%
Q2 24
48.3%
44.0%
Q1 24
44.3%
43.7%
Operating Margin
SONO
SONO
TYL
TYL
Q4 25
13.0%
Q3 25
-12.0%
16.4%
Q2 25
-0.8%
16.0%
Q1 25
-23.6%
15.8%
Q4 24
8.7%
13.2%
Q3 24
-27.2%
15.2%
Q2 24
3.2%
14.4%
Q1 24
-28.1%
13.1%
Net Margin
SONO
SONO
TYL
TYL
Q4 25
11.4%
Q3 25
-13.1%
14.2%
Q2 25
-1.0%
14.2%
Q1 25
-27.0%
14.3%
Q4 24
9.1%
12.1%
Q3 24
-20.8%
14.0%
Q2 24
0.9%
12.5%
Q1 24
-27.6%
10.6%
EPS (diluted)
SONO
SONO
TYL
TYL
Q4 25
$1.50
Q3 25
$-0.30
$1.93
Q2 25
$-0.03
$1.93
Q1 25
$-0.58
$1.84
Q4 24
$0.40
$1.48
Q3 24
$-0.42
$1.74
Q2 24
$0.03
$1.57
Q1 24
$-0.56
$1.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SONO
SONO
TYL
TYL
Cash + ST InvestmentsLiquidity on hand
$174.7M
$1.1B
Total DebtLower is stronger
$599.7M
Stockholders' EquityBook value
$355.2M
$3.7B
Total Assets
$823.3M
$5.6B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SONO
SONO
TYL
TYL
Q4 25
$1.1B
Q3 25
$174.7M
$950.8M
Q2 25
$201.3M
$892.3M
Q1 25
$173.2M
$807.4M
Q4 24
$280.0M
$768.0M
Q3 24
$169.7M
$544.3M
Q2 24
$227.1M
$258.0M
Q1 24
$246.0M
$196.9M
Total Debt
SONO
SONO
TYL
TYL
Q4 25
$599.7M
Q3 25
$599.2M
Q2 25
$598.8M
Q1 25
$598.4M
Q4 24
$597.9M
Q3 24
$597.5M
Q2 24
$597.1M
Q1 24
$596.6M
Stockholders' Equity
SONO
SONO
TYL
TYL
Q4 25
$3.7B
Q3 25
$355.2M
$3.6B
Q2 25
$399.3M
$3.6B
Q1 25
$382.9M
$3.5B
Q4 24
$469.1M
$3.4B
Q3 24
$428.6M
$3.3B
Q2 24
$464.4M
$3.1B
Q1 24
$494.0M
$3.0B
Total Assets
SONO
SONO
TYL
TYL
Q4 25
$5.6B
Q3 25
$823.3M
$5.5B
Q2 25
$834.4M
$5.4B
Q1 25
$792.2M
$5.2B
Q4 24
$963.6M
$5.2B
Q3 24
$916.3M
$5.0B
Q2 24
$961.1M
$4.8B
Q1 24
$925.6M
$4.6B
Debt / Equity
SONO
SONO
TYL
TYL
Q4 25
0.16×
Q3 25
0.17×
Q2 25
0.16×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.19×
Q1 24
0.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SONO
SONO
TYL
TYL
Operating Cash FlowLast quarter
$2.9M
$243.9M
Free Cash FlowOCF − Capex
$239.6M
FCF MarginFCF / Revenue
41.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.72×
TTM Free Cash FlowTrailing 4 quarters
$637.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SONO
SONO
TYL
TYL
Q4 25
$243.9M
Q3 25
$2.9M
$255.2M
Q2 25
$37.4M
$98.3M
Q1 25
$-59.7M
$56.2M
Q4 24
$156.2M
$224.8M
Q3 24
$-37.7M
$263.7M
Q2 24
$63.5M
$64.3M
Q1 24
$-111.2M
$71.8M
Free Cash Flow
SONO
SONO
TYL
TYL
Q4 25
$239.6M
Q3 25
$251.3M
Q2 25
$32.7M
$92.8M
Q1 25
$-65.2M
$53.8M
Q4 24
$143.1M
$221.0M
Q3 24
$260.8M
Q2 24
$40.3M
$57.7M
Q1 24
$-121.4M
$64.6M
FCF Margin
SONO
SONO
TYL
TYL
Q4 25
41.7%
Q3 25
42.2%
Q2 25
9.5%
15.6%
Q1 25
-25.1%
9.5%
Q4 24
26.0%
40.8%
Q3 24
48.0%
Q2 24
10.1%
10.7%
Q1 24
-48.1%
12.6%
Capex Intensity
SONO
SONO
TYL
TYL
Q4 25
0.8%
Q3 25
0.7%
Q2 25
1.4%
0.9%
Q1 25
2.1%
0.4%
Q4 24
2.4%
0.7%
Q3 24
0.5%
Q2 24
5.8%
1.2%
Q1 24
4.0%
1.4%
Cash Conversion
SONO
SONO
TYL
TYL
Q4 25
3.72×
Q3 25
3.02×
Q2 25
1.16×
Q1 25
0.69×
Q4 24
3.11×
3.45×
Q3 24
3.47×
Q2 24
17.12×
0.95×
Q1 24
1.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SONO
SONO

Sonos Speakers$206.5M72%
Sonos System Products$65.2M23%
Partner Products And Other Revenue$16.2M6%

TYL
TYL

Saas Arrangements$186.1M32%
Platform Technologies Segment$143.3M25%
Maintenance$109.4M19%
Professional Services$55.3M10%
Nonrecurring Revenue$51.3M9%
Other$21.4M4%
Hardware And Other$8.4M1%

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