ROPER TECHNOLOGIES INC ROP
Roper Technologies, Inc. ("Roper," the "Company," "we," "our," or "us") is a diversified technology company. Roper has a proven, long-term, successful track record of compounding cash flow and increasing shareholder value. We operate market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets.
We pursue consistent and sustainable growth in revenue, earnings, and cash flow by enabling continuous improvement in the operating performance of our businesses and by acquiring businesses that offer high value-added software, services, technology-enabled products, and solutions that we believe are capable of realizing growth while maintaining high margins. We compete in many defensible niche markets and believe we are the market leader or a competitive alternative to the market leader in most of these markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.90B | $7.04B | $6.18B | $5.37B | $4.83B | $4.02B | $4.73B | $5.19B | $4.61B | $3.79B |
| Cost of revenue | $2.43B | $2.16B | $1.87B | $1.62B | $1.43B | $1.19B | $1.59B | $1.91B | $1.74B | $1.46B |
| Gross profit | $5.47B | $4.88B | $4.31B | $3.75B | $3.41B | $2.83B | $3.14B | $3.28B | $2.86B | $2.33B |
| R&D | $852.5M | $748.1M | $646.1M | $529.8M | $484.8M | $382.4M | $379.7M | $376.9M | $281.1M | $195.4M |
| SG&A | $3.24B | $2.88B | $2.56B | $2.23B | $2.07B | $1.75B | $1.81B | $1.88B | $1.65B | $1.28B |
| Operating income | $2.24B | $2.00B | $1.75B | $1.52B | $1.24B | $1.08B | $1.33B | $1.40B | $1.21B | $1.05B |
| Interest expense | $325.0M | $259.2M | $164.7M | $192.4M | $233.9M | $218.5M | $186.2M | $182.1M | $180.6M | $111.6M |
| Pre-tax income | $1.94B | $1.97B | $1.74B | $1.28B | $1.03B | $861.3M | $2.06B | $1.20B | $1.03B | $940.6M |
| Income tax | $399.8M | $417.9M | $374.7M | $296.4M | $226.6M | $187.5M | $417.4M | $254.0M | $62.9M | $282.0M |
| Net income | $1.54B | $1.55B | $1.38B | $4.54B | $1.15B | $949.7M | $1.77B | $944.4M | $971.8M | $658.6M |
| EPS, basic | 14.30 | 14.47 | 12.98 | 42.92 | 10.95 | 9.08 | 17.02 | 9.15 | 9.51 | 6.50 |
| EPS, diluted | 14.20 | 14.35 | 12.89 | 42.55 | 10.82 | 8.98 | 16.82 | 9.05 | 9.39 | 6.43 |
| Shares, diluted (wtd. avg.) | $108.2M | $108.0M | $107.4M | $106.8M | $106.5M | $105.7M | $105.1M | $104.4M | $103.5M | $102.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $297.4M | $188.2M | $214.3M | $792.8M | $351.5M | $308.3M | $709.7M | $364.4M | $671.3M | $757.2M |
| Receivables | $1.00B | $885.1M | $829.9M | $724.5M | $687.6M | $745.7M | $791.6M | $700.8M | $641.7M | $619.9M |
| Inventory | $141.7M | $120.8M | $118.6M | $111.3M | $69.2M | $165.1M | $198.6M | $190.8M | $204.9M | $182.0M |
| Total current assets | $1.93B | $1.54B | $1.48B | $1.93B | $2.42B | $1.75B | $2.00B | $1.61B | $1.76B | $1.78B |
| Property, plant and equipment | $156.9M | $149.7M | $119.6M | $85.3M | $82.7M | $127.3M | $139.9M | $128.7M | $142.5M | $141.3M |
| Goodwill | $21.34B | $19.31B | $17.12B | $15.95B | $138.8M | $13.34B | $10.39B | $9.35B | $8.82B | $8.65B |
| Other intangibles | $9.76B | $9.06B | $8.21B | $8.03B | $6.51B | $7.17B | $4.67B | $3.84B | $3.48B | $3.66B |
| Total assets | $34.58B | $31.33B | $28.17B | $26.98B | $23.71B | $24.02B | $18.11B | $15.25B | $14.32B | $14.32B |
| Accounts payable | — | — | — | — | — | $177.8M | $162.0M | $165.3M | $171.1M | $152.1M |
| Short-term debt | $705.2M | $1.04B | $499.5M | $699.2M | $799.2M | $499.4M | $602.2M | $1.5M | $800.9M | $401.0M |
| Total current liabilities | $3.73B | $3.83B | $2.96B | $2.89B | $3.12B | $2.44B | $2.40B | $1.45B | $2.03B | $1.45B |
| Long-term debt | $8.60B | $6.58B | $5.83B | $5.96B | $7.12B | $9.06B | $4.67B | $4.94B | $4.35B | $5.81B |
| Total liabilities | $14.70B | $12.47B | $10.72B | $10.94B | $12.15B | $13.54B | $8.62B | $7.51B | $7.45B | $8.54B |
| Retained earnings | $17.21B | $16.03B | $14.82B | $13.73B | $9.46B | $8.55B | $7.82B | $6.25B | $5.46B | $4.64B |
| Total equity | $19.88B | $18.87B | $17.44B | $16.04B | $11.56B | $10.48B | $9.49B | $7.74B | $6.86B | $5.79B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.54B | $2.39B | $2.04B | $734.6M | $2.01B | $1.53B | $1.46B | $1.43B | $1.23B | $963.8M |
| Depreciation and amortisation | $898.2M | $812.8M | $755.2M | $650.1M | $615.9M | $491.6M | $408.8M | $367.0M | $345.0M | $240.5M |
| Stock-based compensation | $166.3M | $145.9M | $123.5M | $118.5M | $123.0M | $108.3M | $101.2M | $133.8M | $83.1M | $78.8M |
| Capital expenditure | — | — | — | — | — | — | — | $49.1M | $48.8M | $37.3M |
| Investing cash flow | -$3.39B | -$3.47B | -$2.13B | $1.21B | -$142.9M | -$6.07B | -$1.30B | -$1.34B | -$209.6M | -$3.75B |
| Financing cash flow | $923.6M | $1.07B | -$499.5M | -$1.47B | -$1.81B | $4.14B | $177.0M | -$388.1M | -$1.17B | $2.81B |
| Dividends paid | $355.0M | $321.9M | $290.2M | $262.3M | $236.4M | $214.1M | $191.7M | $170.1M | $142.8M | $121.1M |
| Buybacks | $500.0M | $0 | $0 | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145481.
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