Roper Technologies, Inc. ROP

Information TechnologySoftware & IT ServicesUnited States of America

Last close 479.54 USD on Nov 2, 2026, +8.8% year to date

Quant rating

Quant rating B Rank 117 of 389 in Information Technology

Growth C 171 of 389
Valuation B 103 of 389
Quality C 203 of 389
Revisions B 131 of 389
Momentum B 92 of 389

Wall Street consensus Buy (2.45)Average target 468.74 USD −2.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 47.5B
Enterprise value: 56.9B
52-week range: 305.96 – 484.12
3-year range: 305.96 – 593.81
Dividend yield: 0.78%
Beta (5 years): 0.66
Shares outstanding: 99.0M
Next earnings: Jan 25, 2027

About the company

Roper Technologies, Inc. is a diversified technology company. It operates businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets. The Company operates through three segments: Application Software, Network Software and Technology Enabled Products. The Application Software segment includes Aderant, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, and Vertafore. The Network Software segment includes ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, and SoftWriters. The Technology Enabled Products segment includes CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, and Verathon. Aderant is a comprehensive management software solution for law and other professional services firms. Data Innovations is a software solution that enables the enterprise management of hospitals and independent laboratories.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	7,902	7,039	6,178	5,372	4,834	–
Revenue growth	12.3%	13.9%	15.0%	11.1%	20.2%	14.5%
EPS (basic, normalized)	20.00	18.31	16.71	14.28	14.18	–
EPS growth	9.2%	9.6%	17.0%	0.7%	–	–
Gross margin	69.2%	69.3%	69.7%	69.9%	70.5%	69.7%
Net margin	19.4%	22.0%	22.2%	18.3%	16.7%	19.7%
ROE	7.9%	8.5%	8.2%	7.1%	7.3%	7.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	311
Current ratio	0.43x
Long-term debt (mil)	8,305
Net debt (mil)	9,409
Total equity (mil)	19,173
Net debt / equity	0.49x
Net debt / EBITDA	2.99x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	7,902	+12.3%	7.2x	3,143	+13.1%	18.1x	20.00	+9.2%	24.0x
2026	8,568	+8.4%	6.6x	3,349	+6.6%	17.0x	22.38	+11.9%	21.4x
2027	9,103	+6.2%	6.2x	3,594	+7.3%	15.8x	24.62	+10.0%	19.5x
2028	9,657	+6.1%	5.9x	3,841	+6.9%	14.8x	26.54	+7.8%	18.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	8,568	0.0%	0.0%	+0.4%	22.38	+1.7%	+1.7%	+4.5%
2027	9,103	+0.1%	+0.2%	+0.2%	24.62	+1.2%	+1.4%	+5.3%
2028	9,657	−0.5%	−0.5%	−0.8%	26.54	+1.1%	−0.3%	+9.1%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,681	1,717	1,765	1,877	1,883	1,944	2,018	2,059	2,095	2,109
Sales mean (mil)	1,653	1,732	1,727	1,836	1,825	1,926	2,024	2,081	2,069	2,095
Surprise	+1.7%	−0.9%	+2.2%	+2.2%	+3.2%	+0.9%	−0.3%	−1.1%	+1.2%	+0.6%
EPS reported	4.41	4.48	4.62	4.81	4.78	4.87	5.14	5.21	5.16	5.38
EPS mean	4.34	4.46	4.53	4.73	4.74	4.83	5.11	5.14	4.98	5.28
Surprise	+1.6%	+0.4%	+2.0%	+1.7%	+0.9%	+0.8%	+0.6%	+1.4%	+3.6%	+1.8%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ROP Roper Technologies, Inc.	47.5B	2.99x	19.4%	2.48x	21.4x	19.5x	17.0x	15.8x
MSFT Microsoft Corporation	3.77T	0.22x	40.3%	8.00x	25.4x	21.2x	15.6x	12.5x
PLTR Palantir Technologies Inc.	428.6B	−4.08x	36.3%	43.84x	111.1x	76.4x	84.3x	54.9x
ORCL Oracle Corporation	361.4B	2.81x	26.6%	5.40x	14.6x	10.8x	8.8x	6.1x
SHOP Shopify Inc.	201.0B	−2.48x	10.7%	15.88x	82.4x	63.8x	70.2x	53.0x
CRM Salesforce, Inc.	186.1B	1.57x	18.0%	4.85x	13.5x	14.1x	11.0x	10.2x
Mean		0.17x	25.2%	13.41x	44.7x	34.3x	34.5x	25.4x
Median		0.89x	23.0%	6.70x	23.4x	20.3x	16.3x	14.2x

Technical analysis

1M+35.3%
3M+22.7%
1Y+8.5%
3Y−0.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Roper Technologies, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	7,902	7,039	6,178	5,372	4,834	4,022
Cost of revenue	2,430	2,161	1,871	1,619	1,426	1,194
Gross profit	5,472	4,878	4,307	3,753	3,408	2,828
Selling, general & administrative expenses	2,384	2,133	1,916	1,698	1,587	1,363
Research & development	852	748	646	530	485	382
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	0	0	94.4	0
Other operating expenses	0	0	0	0	0	0
Operating income	2,235	1,997	1,745	1,524	1,241	1,083
Net interest income (expense)	−300	−24.6	0.7	−192	−234	−218
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.2	−5.0	−2.8	−50.1	24.6	−3.1
Net income before taxes	1,936	1,967	1,743	1,282	1,032	861
Provision for taxes	400	418	375	296	227	188
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,536	1,549	1,368	986	805	674
Extraordinary items	0	0	15.8	3,559	347	276
Net income	1,536	1,549	1,384	4,545	1,153	950
EBIT, normalized	2,235	1,997	1,745	1,524	1,336	1,083
EBITDA, normalized	3,134	2,810	2,500	2,175	1,970	1,604
Basic EPS, normalized	20.00	18.31	16.71	14.28	14.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Roper Technologies, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	297	188	214	793	352	308
Receivables	1,253	1,038	984	877	962	1,127
Total inventory	142	121	119	111	176	198
Prepaid expenses	–	–	–	–	–	–
Other current assets	236	196	164	151	931	119
Total current assets	1,928	1,543	1,481	1,932	2,421	1,752
Property, plant & equipment	377	339	309	281	324	406
Goodwill	21,341	19,313	17,119	15,946	14,094	14,395
Intangibles	9,764	9,060	8,212	8,031	6,588	7,207
Long-term investments	796	772	796	535	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	370	308	250	255	286	265
Total assets	34,577	31,335	28,168	26,981	23,714	24,025
Liabilities
Accounts payable	150	148	143	123	151	178
Payable/accrued	–	–	–	–	–	–
Accrued expenses	782	693	569	560	627	666
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	705	1,043	500	699	799	502
Other current liabilities	2,088	1,948	1,752	1,510	1,545	1,099
Total current liabilities	3,726	3,832	2,963	2,892	3,122	2,444
Long-term debt	8,596	6,580	5,831	5,962	7,123	9,064
Minority interest	–	–	–	–	–	–
Other liabilities	2,374	2,055	1,929	2,088	1,906	2,036
Total liabilities	14,696	12,467	10,723	10,943	12,150	13,545
Shareholders' equity
Preferred stock	0	0	–	0	–	0
Common stock	1.1	1.1	1.1	1.1	1.1	1.1
Additional paid-in capital	3,292	3,015	2,767	2,510	2,308	2,098
Retained earnings (accumulated deficit)	17,206	16,035	14,816	13,731	9,456	8,546
Treasury stock	−516	−16.5	−16.8	−17.2	−17.6	−18.0
Other equity	−101	−166	−123	−187	−183	−147
Total equity	19,882	18,868	17,445	16,038	11,564	10,480
Total liabilities & shareholders' equity	34,577	31,335	28,168	26,981	23,714	24,025

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Roper Technologies, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,536	1,549	1,368	986	983	950
Depreciation, depletion & amortization	898	813	755	650	634	521
Deferred taxes	–	–	–	–	–	–
Non-cash items	552	339	340	555	656	133
Changes in working capital	−447	−308	−429	−1,456	−261	−78.0
Cash from operations	2,540	2,393	2,035	735	2,012	1,525
Investing activities
Capital expenditures	−105	−111	−108	−70.3	−62.6	−48.9
Other investing cash flows	−3,283	−3,358	−2,018	1,280	−80.3	−6,025
Cash from investing	−3,388	−3,468	−2,126	1,210	−143	−6,074
Financing activities
Financing cash flow items	−57.6	19.3	0	−15.5	−6.5	−43.9
Cash dividends paid	−355	−322	−290	−262	−236	−214
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	1,336	1,372	−209	−1,188	−1,571	4,395
Cash from financing	924	1,070	−500	−1,465	−1,814	4,137
Foreign exchange effects	33.3	−20.3	12.2	−37.5	−12.3	10.5
Net change in cash	109	−26.1	−578	441	43.2	−401
Free cash flow	2,436	2,282	1,927	664	1,949	1,476

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.