Roper Technologies, Inc.

ROP Technology Software Application

Roper Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, up 12.3% from fiscal 2024.

Revenue
+7.65%
EPS
+32.4%
Free cash flow
−5.62%
Total debt
+2.81%

Quarter to September 2026, against a year earlier

480.07 10.89 −2.22%
Market cap
$48.6B
P/E
19.3×
Fwd P/E
18.1×
Dividend yield
0.74%
F-score
5/9
Altman Z
3.03
Beneish M
−2.46
Dividend safety
76/100

Revenue by segment Fiscal 2025

  • Application Software
  • Technology Enabled Products
  • Network Software

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 0.50
Sold, $m 12.82
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — — 2 — — 3 1
Insider Ownership 0.24%

Capital & Financial Ratios $m

Size
Market Cap 48,620.00
Revenue ttm 8,434.60
Net income ttm 2,590.50
Free cash flow ttm 2,513.70
Net debt Q 9,408.70
Valuation
P/E 19.32
Forward P/E 18.10
Price / sales 5.76
Forward P/S Powerpack
Price / FCF 19.32
Price / book 2.53
Financial health
Current ratio Q 0.43 (below 1: weak)
Debt / equity Q 0.51
Interest coverage Q 5.84
Growth
Revenue growth Q +7.65% (above 0%: growing)
Operating income growth Q +8.76% (above 0%: growing)
EPS, this year +11.93%
EPS, next year A +9.95%
Revenue, next year A +8.40%
EPS, past 5 yrs +9.60%
EPS, next 5 yrs A +10.03%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 19.29%
10-year low 10-year high
P/S against its own 10 years 23.36%
10-year low 10-year high
P/B against its own 10 years 9.46%
10-year low 10-year high
EV/Sales against its own 10 years 22.81%
10-year low 10-year high
EV/FCF against its own 10 years 12.06%
10-year low 10-year high

Dividends raised every year since 2018

Yield
0.74%
Annual rate
3.64
Payout ratio
14.4%
Growth, 2018–26
+10.4%/yr
  1. 1.65 ’18
  2. 1.85 ’19 +12
  3. 2.05 ’20 +11
  4. 2.25 ’21 +10
  5. 2.48 ’22 +10
  6. 2.73 ’23 +10
  7. 3.00 ’24 +10
  8. 3.30 ’25 +10
  9. 3.64 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 214 188 297 311
Receivables 984 1,038 1,253 1,190
Inventory 119 121 142 153
Other 165 196 236 292
1,481 1,543 1,928 1,946
2023 2024 2025 Q'26
Payables 143 148 150 176
ST’ Debt 500 1,043 705 1,415
Other — — — —
2,963 3,832 3,726 4,571

Compound Annual Growth %

10y 5y 3y
Sales 8.23% 14.46% 13.73%
Cash Flow 10.58% 10.74% 51.22%
Earnings 8.24% 10.10% (30.34%)
Book Value 14.14% 13.66% 7.42%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 4.87 11.62 4.88 — —
’25 3.06 3.49 3.68 3.97 14.20
’24 3.54 3.12 3.40 4.28 14.35
’23 2.65 3.40 3.23 3.61 12.89
’22 18.94 2.52 3.06 18.06 42.55
’21 2.73 2.69 2.71 2.70 10.82
’20 2.28 2.08 2.21 2.41 8.98
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,095 2,109 2,172 — —
’25 1,883 1,944 2,018 2,059 7,903
’24 1,681 1,717 1,765 1,877 7,039
’23 1,470 1,531 1,563 1,614 6,178
’22 1,280 1,311 1,350 1,431 5,372
’21 1,376 1,190 1,232 1,036 4,834
’20 1,351 1,305 1,198 169 4,022
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 592 470 821 — —
’25 529 404 870 738 2,540
’24 532 384 755 722 2,393
’23 464 320 630 622 2,035
’22 475 (64) 252 72 735
’21 560 426 447 580 2,012
’20 364 449 138 574 1,525
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 562 443 795 — —
’25 507 373 842 714 2,436
’24 513 367 719 684 2,282
’23 444 295 608 580 1,927
’22 462 (80) 229 53 664
’21 545 412 433 563 1,954
’20 353 439 128 563 1,483
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.1% a year for ten years. It grew 11.4% a year over the last ten.

Implied
9.1%
10 years, reported
11.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,790 4,608 5,191 4,728 4,022 4,834 5,372 6,178 7,039 7,903 8,435 +8.5% 8,566 9,105 9,661 +6.9%
Gross margin, % 61.54 62.18 63.17 66.42 70.31 70.50 69.86 69.72 69.30 69.24 69.67 +7.7 pt
EBT 941 1,035 1,198 2,057 861 1,032 1,282 1,743 1,967 1,936 3,050 +8.4%
EBT margin, % 24.82 22.46 23.09 43.52 21.41 21.35 23.87 28.22 27.95 24.50 36.16 (0.3) pt
Net income 659 972 944 1,640 674 805 986 1,368 1,549 1,536 2,591 +9.9%
Per share, $
Per share, $ Revenue 37.41 45.08 50.30 45.50 38.46 45.91 50.73 57.95 65.73 73.58 85.28 +7.8%
Earnings 6.50 9.51 9.15 17.02 9.08 10.95 42.92 12.98 14.47 14.30 25.42 +9.2%
Cash flow 9.51 12.08 13.86 14.07 14.58 19.11 6.94 19.09 22.35 23.65 26.49 +10.6%
Capex (0.40) (0.58) (0.57) (0.51) (0.41) (0.55) (0.66) (1.01) (1.04) (0.97) (1.08) +10.5%
Free cash flow 9.12 11.50 13.29 13.56 14.18 18.55 6.27 18.08 21.31 22.68 25.42 +10.7%
Book value 57.15 67.16 74.99 91.36 100.19 109.82 151.44 163.65 176.17 185.12 193.86 +14.0%
Shares, m 101 102 103 104 105 105 106 107 107 107 103 +0.7%
Valuation, ×
Valuation, × P/E 28.45 27.43 29.16 20.82 47.48 44.92 10.12 41.21 35.95 31.13 19.32 31.7
P/S 4.94 5.78 5.30 7.78 11.21 10.71 8.57 9.22 7.91 6.05 5.76 7.7
P/B 3.24 3.88 3.55 3.88 4.30 4.48 2.87 3.27 2.95 2.40 2.53 3.5
EV/Sales 6.38 6.75 6.18 8.75 13.51 12.28 9.66 10.21 8.97 7.19 6.87 9.0
EV/FCF 26.18 26.48 23.39 29.37 36.65 30.39 78.09 32.74 27.65 23.33 23.06 33.4
Cash, $m
Cash, $m Operating cash flow 964 1,235 1,430 1,462 1,525 2,012 735 2,035 2,393 2,540 2,620 +11.4%
Capex (40) (60) (59) (53) (42) (58) (70) (108) (111) (105) (106) +11.3%
Free cash flow 924 1,175 1,372 1,409 1,483 1,954 664 1,927 2,282 2,436 2,514 +11.4%
Balance, $m
Balance, $m Working capital 331 (270) 163 (398) (692) (701) (960) (1,482) (2,289) (1,797) (2,625) n/m
Net debt 5,452 4,484 4,577 4,566 9,253 7,570 5,869 6,116 7,435 9,004 9,409 +5.7%
Shareholders’ equity 5,789 6,864 7,739 9,492 10,480 11,564 16,038 17,445 18,868 19,882 19,173 +14.7%
Returns, %
Returns, % ROA 5.38 6.79 6.39 10.60 4.51 4.83 17.93 5.02 5.21 4.66 7.52 (0.7) pt
ROIC 5.86 6.67 7.09 5.91 3.43 4.05 4.35 4.63 4.74 4.84 5.17 (1.0) pt
ROE 11.88 15.36 12.94 20.52 9.51 10.46 32.93 8.27 8.53 7.93 13.23 (4.0) pt
People
People Employees 14,155 14,236 15,611 16,460 18,400 19,300 15,800 16,800 18,200 19,400 — +3.6%
Revenue/emp, $m 0.27 0.32 0.33 0.29 0.22 0.25 0.34 0.37 0.39 0.41 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Roper Technologies is a diversified technology company that operates businesses making vertical software and technology-enabled products for niche markets. It was incorporated in Delaware in 1981, is headquartered in Sarasota, and L. Neil Hunn has been President and Chief Executive Officer since August 2018.

Its software businesses provide systems that customers use in specific operating workflows. For example, Aderant provides management software and AI-enabled tools for law and professional-services firms; CentralReach supports the administration and workflow of applied behavior analysis therapy; Frontline provides K-12 administration software; and Vertafore serves the property-and-casualty insurance industry. Other application software serves laboratories, hospitals, government contractors, transportation providers, utilities, early-childhood education centers, campuses, and financial institutions.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Application Software 4,483 56.73%
Technology Enabled Products 1,819 23.01%
Network Software 1,601 20.26%
Gross margin 69.24%
Operating margin 28.29%
Pre-tax margin 24.50%

Revenue by segment since 2010

Roper Technologies, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DDOG Datadog, Inc. $62.7B 237× 431× +35.16% (above 0%: growing) +229.90% (above 0%: growing) +17.14% (above 0%: growing) 80.19% 6.24% Compare
ADSK Autodesk, Inc. $56.3B 34.7× 29.4× +16.05% (above 0%: growing) +59.18% (above 0%: growing) +24.77% (above 0%: growing) 91.40% 29.28% Compare
MSTR Strategy Inc $54.6B — (loss-making) — (loss-making) −2.54% (below 0%: shrinking) +413.76% (above 0%: growing) +96.11% (above 0%: growing) 71.46% 16,670.88% Compare
ROP Roper Technologies, Inc. $48.6B 19.3× 18.1× +7.65% (above 0%: growing) +32.43% (above 0%: growing) −5.62% (below 0%: shrinking) 70.11% 28.70%
WDAY Workday, Inc. $48.2B 40.2× 34.7× +12.82% (above 0%: growing) +200.00% (above 0%: growing) −21.77% (below 0%: shrinking) 75.39% 11.82% Compare
TEAM Atlassian Corporation PLC $46.2B — (loss-making) 192× +27.60% (above 0%: growing) n/m +31.74% (above 0%: growing) 86.50% 11.93% Compare
PAYX Paychex, Inc. $42.5B 23.6× 20.4× +5.88% (above 0%: growing) +13.08% (above 0%: growing) −46.05% (below 0%: shrinking) 73.62% 37.98% Compare
BSP Bending Spoons S.p.A. $29.6B 165× 68.9× — — — 65.84% 34.12% Compare
ZM Zoom Communications, Inc. $25.9B 8.1× 11.5× +4.93% (above 0%: growing) +342.86% (above 0%: growing) −7.02% (below 0%: shrinking) 77.16% 24.61% Compare
Median of peers $47.2B 37.5× 34.7× +12.82% +214.95% +17.14% 76.28% 26.95%

All 230 Software Application stocks →

From the latest earnings call

Updated

  • CEO Neil Hunn said Roper is beginning to commercialize AI products across its software businesses, with customer adoption and pricing approaches varying by product.
  • Hunn said Roper deployed $436 million on three bolt-on acquisitions, while CFO Jason Conley said leverage fell to 2.9x during the quarter.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 103.04%
Held by the ten largest 59.02%
Holder Shares Stake Change
Vanguard 13.40m 13.54% −322.03k
BlackRock 9.89m 10.00% +410.73k
WINDACRE PARTNERSHIP LLC 8.63m 8.73% +1.13m
Dodge & Cox 7.06m 7.14% +3.72m
State Street 5.16m 5.22% +21.03k
Invesco 4.27m 4.32% −84.14k
Geode Capital Management 3.12m 3.15% +316.93k
Wellington Management 2.63m 2.66% −36.00k
UBS 2.14m 2.16% +411.55k
Norges Bank 2.07m 2.10% +2.07m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 7 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 26.21m 3.92m 106.00
2024 23.69m 14.64m 123.00
2023 41.30m 58.80m 129.00
2022 21.89m 8.36m 101.00
2021 21.53m 34.59m 115.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Roper Technologies, Inc. (ROP) Latest News

26 Oct

Impact 4 · · The Motley Fool

16 Oct

Impact 3 · · Simply Wall St.

ROP metrics, ten years each

stockrow.com/ROP · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com