# Roper Technologies Inc. (ROP) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-13  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/ROP/thesis · /stocks/ROP/memo

## 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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/ROP/fundamental

## Navigation

- Overview: /stocks/ROP
- Financials (this page): /stocks/ROP/financials
- Thesis: /stocks/ROP/thesis
- Investment Memo: /stocks/ROP/memo
- Coverage universe: /stocks