Roper Technologies Inc.
ROPFinancial Analysis · Updated May 13, 2026 · Coverage 2026-Q2
Latest Q Revenue
$1.9B
Q1 FY2025 · +14.98% YoY
TTM ROIC
4.5%
FY2024 · NOPAT / Invested Capital (goodwill-inclusive); NOPAT = EBIT × (1 − tax rate) · WACC ~8.75% · Moat spread +-4pp
Financial Snapshot
ticker: ROP step: 04 generated: 2026-05-12 source: quick-research
Roper Technologies Inc. (ROP) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|
| Revenue | $5.37B | $6.18B | $7.04B | +14% |
| Gross Margin | ~68% | ~69% | ~69.2% | |
| Operating Margin | ~27% | ~27% | ~28% | |
| Net Income | ~$1.27B | ~$1.37B | $1.55B | +13% |
| EPS (diluted, adj.) | ~$12.35 | $12.89 | $14.35 | +11% |
Note: FY2022 GAAP EPS was $42.55 due to significant divestiture gains; adjusted EPS is the comparable metric.
Cash Flow & Balance Sheet (FY2024)
| Metric | Value |
|---|---|
| Operating Cash Flow | $2.39B |
| Free Cash Flow | $2.30B |
| Cash & Equivalents | ~$0.3B |
| Total Debt | ~$7.5B |
| Goodwill | ~$21.3B |
Key Ratios (approximate)
- P/E: ~35x (adjusted) | EV/EBITDA: ~25x | FCF Yield: ~4–5%
- Revenue Growth (2024): +14% (6% organic + 8% from M&A) | FCF Margin: ~33%
Growth Profile
Roper is a consistent double-digit revenue and earnings grower through a combination of 5–7% organic growth and sizable M&A (deployed $3.6B in 2024, $3.3B in 2025). FCF conversion is the standout metric — the company generates ~$2.3–2.5B in annual free cash flow, all of which gets recycled into acquisitions or buybacks. Margins are structurally expanding as the business mix shifts toward pure-play software and away from hardware/industrial products.
Forward Estimates
- FY2025: Revenue ~$7.9B (+12% total); adjusted EPS guidance ~$17.35–17.55; organic growth 5–7%
- FY2026: Management guided 5–6% organic growth; M&A contributions from 2025 deals expected to add incremental revenue
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $ROP.
Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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