XStocksXray

Research report · 16 October 2026

Roper Technologies Inc (ROP)

Information Technology · Electronic Equipment & Instruments · US stock · price as of 16 Oct 2026

Key indicators

Price	$382.71
52-week range	$304.43 – $514.14
Market cap	$38.5B
P/E (trailing)	16.1×
EV / EBITDA	21.4×
Free-cash-flow yield	6.9%
Dividend yield	1.0%
Revenue (last 12 months)	$8.3B
Revenue growth (3y a year)	13.7%
Operating margin	28.0%
Return on invested capital	6.6%
Net debt / EBITDA	4.7×

Fair value

Blended fair value$529.83 range $506 – $556

Versus priceFair+38% to fair value

Peer multiples	$697.95
Fundamentals-adjusted multiple	$543.38
10-year DCF (market-scaled)	$348.16
Earnings power value (floor, not blended)	$107.28
Model uncertainty	Medium

X-Ray Score

48/ 100 · Medium confidence · ahead of 41% of sector peers

Valuation78

Growth49

Profitability37

Financial health17

Dividends60

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

Executive summary

Roper Technologies is a diversified technology company that owns and manages a portfolio of businesses, most of them software. Its software units supply specialised applications for markets such as legal services, government contractors, construction, freight and health care, and it also owns technology-enabled product businesses, including water meters. Operations are grouped into application software, network software and technology enabled products segments, with customers in many niche industries.

The company earns money from recurring software subscriptions and maintenance, network fees, and its technology products. Revenue was $8.3 billion over the last twelve months, with growth of 13.7% a year across the last three years. The operating margin is 28.0%, and the business earns a profit of 7% on the capital invested in it. Net debt is 4.7 times EBITDA. It pays a dividend with a yield of 1.0%.

StocksXray gives Roper Technologies Inc an X-Ray Score of 48 out of 100 (medium confidence), ahead of 41% of the S&P 500 stocks in its sector. Its strongest lens is valuation (78) and its weakest is financial health (17).

Our fair value blend is $529.83 (range $506.47 to $556.42). At $382.71 the stock trades 28% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.

XStocksXray

Roper Technologies Inc (ROP)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

	FY2021	FY2022	FY2023	FY2024	FY2025	Now
Price	$475.88	$420.47	$533.69	$511.73	$440.88	$382.71
Market cap	$50.7B	$44.9B	$57.3B	$55.3B	$47.7B	$38.5B
P/E	44.0×	9.9×	41.4×	35.7×	31.0×	16.1×
EV / revenue	12.1×	9.5×	10.3×	8.9×	7.2×	6.0×
EV / EBITDA	31.4×	23.3×	25.4×	22.3×	18.1×	21.4×
Price / free cash flow	25.2×	61.1×	28.2×	23.1×	18.8×	14.4×
Free-cash-flow yield	4.0%	1.6%	3.6%	4.3%	5.3%	6.9%
Price / book	4.4×	2.8×	3.3×	2.9×	2.4×	2.1×
Dividend yield	0.49%	0.60%	0.52%	0.60%	0.77%	0.95%

Fundamentals checklist ● 4 Good · ● 2 Average · ● 8 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−0.5%Bad

Risk models

Altman Z score3.1×Average

Piotroski F-Score5 of 9Bad

Growth

EPS growth (3y)−30.6%Bad

Revenue growth (3y)13.7%Good

Growth consistency100%Good

Balance sheet

Current ratio0.6×Bad

Net debt / EBITDA4.7×Bad

Interest cover5.9×Bad

Valuation

Fair value vs price1.4×Good

EBIT / EV yield4.7%Good

Profitability

Return on invested capital6.6%Bad

Operating margin28.0%Average

Gross profitability16.4%Bad

XStocksXray

Roper Technologies Inc (ROP)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statement	FY21	FY22	FY23	FY24	FY25	LTM
Revenue	4,834	5,372	6,178	7,039	7,903	8,280
Gross profit	3,408	3,753	4,307	4,878	5,472	5,757
Operating income	1,241	1,525	1,745	1,997	2,235	2,316
Net income	1,153	4,545	1,384	1,549	1,536	2,504
Diluted EPS ($)	10.82	42.55	12.89	14.35	14.20	23.75
Free cash flow	2,012	735	2,035	2,393	2,540	2,669
Gross margin	70.5%	69.9%	69.7%	69.3%	69.2%	69.5%
Operating margin	25.7%	28.4%	28.2%	28.4%	28.3%	28.0%
Net margin	23.9%	84.6%	22.4%	22.0%	19.4%	30.2%
Balance sheet	FY21	FY22	FY23	FY24	FY25	LTM
Total assets	23,714	26,981	28,168	31,335	34,577	35,170
Cash	352	793	214	188	297	365
Total debt	7,922	6,662	6,330	7,623	9,301	11,319
Equity	11,564	16,038	17,445	18,868	19,882	18,700
Dividend per share ($)	2.31	2.54	2.80	3.08	3.39	3.56

Revenue and net income US$ billions: navy revenue, teal net income

Margins blue gross, teal operating, brown net

Latest quarters

	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue ($M)	1,883	1,944	2,018	2,059	2,095	2,109
Growth vs a year earlier	+12.0%	+13.2%	+14.3%	+9.7%	+11.3%	+8.5%
Net income ($M)	331	378	399	428	509	1,169
Diluted EPS ($)	3.06	3.49	3.68	–	4.87	11.62

XStocksXray

Roper Technologies Inc (ROP)

Peers in Electronic Equipment & Instruments

Company	X-Ray
ROP · Roper Technologies Inc	48
TDY · Teledyne Technologies Inc	51
ZBRA · Zebra Technologies Corp	45
KEYS · Keysight Technologies, Inc...	40

Market Compass outlook for Information Technology: Favourable (75/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week	+5.1%
1 month	+2.4%
3 months	+5.7%
6 months	+6.1%
1 year	−22.7%
3 years	−22.1%
5 years	−12.4%

Technical summary

DailyBullish9 bullish · 1 neutral · 6 bearish

WeeklyNeutral6 bullish · 1 neutral · 5 bearish

MonthlyStrongly bearish1 bullish · 1 neutral · 6 bearish

50-day / 200-day average	$385.83 / $363.38
52-week low / high	$304.43 / $514.14
Classic pivot, support and resistance	S2 372.00 · S1 377.36 · P – · R1 389.54 · R2 396.36

Recent dividends

Ex-dividend date	Amount per share
2 Oct 2026	$0.9100
8 Jul 2026	$0.9100
6 Apr 2026	$0.9100
2 Jan 2026	$0.9100
3 Oct 2025	$0.8250
8 Jul 2025	$0.8250

XStocksXray

Roper Technologies Inc (ROP)

Strengths

Revenue growth of 13.7% a year over three years is ahead of 68% of its sector peers.
Has raised its dividend for 7 years in a row.

Risks and weak spots

Earnings backed by cash is weak against Information Technology peers (−0.5%).
Piotroski F-Score is weak against Information Technology peers (5 of 9).
EPS growth (3y) is weak against Information Technology peers (−30.6%).
Current ratio is weak against Information Technology peers (0.6×).
Net debt / EBITDA is weak against Information Technology peers (4.7×).
Interest cover is weak against Information Technology peers (5.9×).
Return on invested capital is weak against Information Technology peers (6.6%).
Gross profitability is weak against Information Technology peers (16.4%).

Latest SEC filings

Date	Form	Items
1 Oct 2026	8-K	5.02,9.01
10 Aug 2026	8-K	5.04,9.01
31 Jul 2026	10-Q
23 Jul 2026	8-K	2.02,9.01
19 May 2026	8-K	5.02,5.07,9.01
1 May 2026	10-Q
23 Apr 2026	8-K	2.02,9.01
7 Apr 2026	DEF 14A

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.