Roper Technologies, Inc. (ROP)
Fair ValueFundamental
72
Price
$438.14
Market Cap
$37.85B
Part 1 · What the company is worth
Overview
Roper Technologies is a holding company that owns dozens of software and technology businesses, each built or bought because it leads a small, specialized market rather than because it fits a common product line. A hospital lab-management system, an insurance-industry data network, a K-12 school-administration platform and a medical ultrasound device maker can all sit inside Roper at once. The parent provides capital and acquisition discipline; each business runs its own niche largely on its own.
How it makes money
Most of Roper's businesses sell software by subscription, generating recurring revenue that renews year after year rather than one-time sales. Growth comes less from selling more to the same customers than from buying new niche-leading businesses outright: Roper has deployed roughly $10 billion on acquisitions in the past three years alone. Because each acquired business tends to already dominate its narrow market, Roper can raise prices gradually without losing much volume to competitors.
Revenue by segment
Vertical-market software for law firms, hospitals, schools, insurers and government agencies, including businesses like Deltek and Vertafore.
Engineered hardware such as water-meter and medical-imaging devices, including businesses like Neptune and Verathon.
Software that connects buyers and sellers within an industry, such as freight-matching and insurance data networks, including businesses like DAT and iPipeline.
Competitive moat
Scale · NarrowThe advantage is not a single technology moat but a repeatable process: decades of experience buying, pricing and running niche-leading software businesses without disrupting what made each one dominant. That discipline is hard for a competitor to replicate quickly, but each individual business's own competitive position varies, and some niches are more contestable than others.
What drives demand
Moderately cyclicalSubscription software revenue in end markets like legal, healthcare and education administration is fairly insulated from the economic cycle since these are ongoing operational needs, not discretionary purchases. The more cyclical piece is Technology Enabled Products, where equipment sales can slow with customer capital budgets, and the pace of new acquisitions itself depends on capital-market conditions.
Key risks
- Growth depends on continued acquisitions — A meaningful part of Roper's growth strategy relies on finding, financing and integrating new acquisitions; if suitable targets become scarcer or more expensive, growth could slow.
- Integration risk across many businesses — Roper must integrate acquired companies without disrupting what made them successful; a poorly integrated or overpaid acquisition can drag down returns for the whole portfolio.
- Regulatory approval risk for deals — Larger acquisitions require regulatory approvals that are not guaranteed; a blocked or delayed deal can force Roper to redeploy capital elsewhere or forgo an intended purchase.
Customer concentration
Roper does not disclose material customer concentration; revenue is spread across dozens of independently run businesses each serving its own set of niche customers, so no single buyer is significant company-wide.
The case for
Buyers argue that Roper's shift toward Application and Network Software raises the recurring, high-margin share of revenue every year, that its niche-market focus keeps competition muted in most of its businesses, and that a decades-long record of disciplined acquisitions is a repeatable engine rather than a one-time trick.
The case against
Sellers worry that a growth model built on paying up for niche-leading businesses gets harder to sustain as good targets become scarcer or pricier, that a conglomerate this diversified is difficult for outsiders to fully understand or value, and that any single large, poorly integrated acquisition could quietly weigh on returns for years.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$8.28B
Trailing 12 months (through 6/30/2026)
Net Income
$2.50B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$19.88B
Total Liabilities
$14.70B
Current Ratio
0.55
Interest Coverage
5.88
Debt/EBITDA
3.61
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$405.24
Current Price
$438.14
Margin of Safety
-8.1%
Fair Value Range
$286.62 - $523.85
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
18.15
ROE
7.7%
P/B Ratio
2.32
P/FCF
-
Gross Margin
69.5%
ROIC
5.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
5.8%
WACC
7.0%
ROIC − WACC
-1.3 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- EPS CAGR 9.80%
- Price CAGR 7.18%
- ROIC 5.8%
- Gross margin 69.5%
- P/B ratio 2.32
- Debt/equity ratio
- Operating margin 28.0%
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- ROE 12.9%
- Revenue growth 5Y 14.5%
- PEG ratio 1.58
- Earnings quality (operating cash flow / net income) 1.07
- Share dilution 0.2%
- Net margin trend 30.2% vs 20.6%
- Piotroski F-Score 6/9
Failed (5)
- Current ratio
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings surprise, average 1.2%
Unavailable (4)
- P/FCF –
- Dividend payout –
- Positive free cash flow
- CapEx intensity
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Laurence Neil Hunn | President, CEO & Director | 53 |
| Mr. Jason P. Conley CPA | Executive VP & CFO | 49 |
| Mr. John K. Stipancich | Executive VP, Chief Legal Officer & Corporate Secretary | 56 |
| Mr. Zack Moxcey | Vice President of Investor Relations | - |
| Mr. Satish Maripuri | Senior VP & Group Executive | 59 |
| Mr. Harold C. Flynn Jr. | Senior VP & Group Executive | 60 |
| Mr. Michael P. Corkery | Senior VP & Group Executive | 62 |
| Ms. Janet Glazer | Senior Vice President of Acquisitions & Investment Strategy Development | - |
| Mr. Jeffrey B. Paulsen | Senior VP & Group Executive | 64 |
| Mr. Ondrej Kruk | Senior VP & Group Executive | - |
Audit Risk
3
Board Risk
1
Compensation Risk
4
Shareholder Rights Risk
5
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-31
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-22
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much ROP moves, measured on its daily prices.
More volatile than 47% of the tracked stocks (90-day volatility).
- Volatility 30d
- 37.2%
- Volatility 90d
- 35.1%
- Beta vs S&P 500 (1y)
- -0.07Correlation -0.03
- Max drawdown (12m)
- -34.3%
- ATR (14d, % of price)
- 2.64%
Earnings reactions
How ROP moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 4.7% the next day, up or down.
- Next-day moves: up 4, down 8 (out of 12).
- Of the 4 releases that beat estimates, the stock fell the next day after 2.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 22, 2026 | Before the open | 5.79 | 5.89 | +1.7% | +2.6% | +9.7% | n/a |
| Jul 23, 2026 | During the session | 5.34 | 5.38 | +0.8% | +8.6% | +5.5% | +21.2% |
| Apr 23, 2026 | During the session | 5.03 | 5.16 | +2.6% | +4.0% | -0.3% | -2.4% |
| Jan 27, 2026 | During the session | 5.19 | 5.21 | +0.4% | -9.8% | -9.6% | -8.8% |
| Oct 23, 2025 | During the session | n/a | n/a | n/a | -8.2% | -5.7% | -12.3% |
| Jul 21, 2025 | During the session | n/a | n/a | n/a | +0.9% | +1.3% | +3.3% |
| Apr 28, 2025 | During the session | n/a | n/a | n/a | -3.5% | -1.0% | +1.5% |
| Jan 30, 2025 | During the session | n/a | n/a | n/a | +4.2% | +5.1% | +7.1% |
| Oct 23, 2024 | During the session | n/a | n/a | n/a | -0.4% | -1.7% | -0.6% |
| Jul 24, 2024 | During the session | n/a | n/a | n/a | -4.9% | -7.4% | -5.1% |
| Apr 26, 2024 | During the session | n/a | n/a | n/a | -1.9% | -2.5% | -5.5% |
| Jan 31, 2024 | During the session | n/a | n/a | n/a | -6.1% | -4.4% | -2.9% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on ROP and what the price did next.
- 6/11/2026PositiveHere's How Much $100 Invested In Roper Technologies 20 Years Ago Would Be Worth Today
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for ROP.
- 6/11/2026POSITIVEHere's How Much $100 Invested In Roper Technologies 20 Years Ago Would Be Worth Today
An investment of $100 in Roper Technologies (ROP) twenty years ago would have grown to approximately $2,370 today, representing a significant compound annual growth rate of around 16.5%. This performance underscores the company's consistent ability to generate substantial shareholder value over the long term. Roper Technologies, a diversified industrial company, has a history of strategic acquisitions and operational efficiencies that have contributed to its impressive stock appreciation. Investors looking for steady, long-term growth may find ROP's historical performance indicative of its potential for future returns.
- 4/23/2026NEUTRALRoper Techs Q1 2026 Earnings Call Transcript
Roper Technologies Inc. released its Q1 2026 Earnings Call Transcript on April 23, 2026. The transcript provides detailed insights into the company's financial performance, strategic initiatives, and future outlook. While specific financial figures and forward-looking statements are contained within, the release of the transcript itself is an informational event. Investors should review the content for potential impacts on the company's valuation and strategic direction.