Roper Technologies (ROP)
Market Price (11/3/2026): $479.0 | Market Cap: $47.4 BilInvestor Relations Sector: Information Technology | Industry: Electronic Equipment & Instruments
Roper Technologies (ROP)
Market Price (11/3/2026): $479.0Market Cap: $47.4 BilSector: Information TechnologyIndustry: Electronic Equipment & Instruments
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, FCF Yield is 5.3% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 2.7 Bil, FCF LTM is 2.6 Bil Stock buyback supportStock Buyback 3Y Total is 2.7 Bil Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Cloud Computing, Autonomous Technologies, and Smart Grids & Grid Modernization. Themes include Software as a Service (SaaS), Show more. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -80% | Key risksROP key risks include [1] potential overpayment and integration failures tied to its acquisition-led growth strategy and [2] disruption of its vertical software portfolio from increasingly sophisticated, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, FCF Yield is 5.3% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 2.7 Bil, FCF LTM is 2.6 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.7 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Autonomous Technologies, and Smart Grids & Grid Modernization. Themes include Software as a Service (SaaS), Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -80% |
| Key risksROP key risks include [1] potential overpayment and integration failures tied to its acquisition-led growth strategy and [2] disruption of its vertical software portfolio from increasingly sophisticated, Show more. |
Qualitative Assessment
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Updated on 11/1/2026
Roper Technologies (ROP) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upgraded Full-Year Guidance.
Roper Technologies (ROP) reported robust fiscal Q3 2026 results, with the quarter ending September 30, 2026. The company announced an adjusted diluted EPS of $5.89, surpassing the consensus estimate of $5.79 by $0.10, representing a 15% year-over-year increase. Revenue for the quarter rose 8% year-over-year to $2.17 billion, driven by 7% organic revenue growth. Following these strong results, management raised its full-year 2026 adjusted diluted EPS guidance to a range of $22.35 to $22.40, up from the previous outlook of $22.15 to $22.30. The company also provided an optimistic fiscal Q4 2026 adjusted diluted EPS guidance of $5.95 to $6.00, exceeding the approximately $5.91 consensus. This positive earnings surprise and increased future outlook significantly contributed to the stock's appreciation, with shares jumping nearly 10% on October 22, 2026, the day of the earnings announcement.
2. Strategic Portfolio Optimization through Divestitures and Acquisitions.
Roper Technologies continued its strategic portfolio management, which positively impacted investor sentiment. During fiscal Q3 2026, the company received $1.2 billion in proceeds from the divestiture of Indicor's instrumentation businesses. Furthermore, on August 10, 2026, Indicor entered into a definitive agreement to sell its Cornell Pump and Roper Pump businesses to Xylem Inc. for approximately $1.46 billion, with Roper anticipating approximately $600 million in pre-tax proceeds in fiscal Q4 2026. Concurrently, Roper deployed $436 million towards three "bolt-on" acquisitions in fiscal Q3 2026 for its iPipeline, Procare, and Strata businesses, adding roughly $75 million in revenue. This active capital recycling, coupled with the announcement of over $6 billion in capital deployment capacity for the next 12 months and a reduction of net debt to EBITDA to 2.9x, signaled management's commitment to accretive growth.
Show more
Roper Technologies (ROP) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upgraded Full-Year Guidance.
Roper Technologies (ROP) reported robust fiscal Q3 2026 results, with the quarter ending September 30, 2026. The company announced an adjusted diluted EPS of $5.89, surpassing the consensus estimate of $5.79 by $0.10, representing a 15% year-over-year increase. Revenue for the quarter rose 8% year-over-year to $2.17 billion, driven by 7% organic revenue growth. Following these strong results, management raised its full-year 2026 adjusted diluted EPS guidance to a range of $22.35 to $22.40, up from the previous outlook of $22.15 to $22.30. The company also provided an optimistic fiscal Q4 2026 adjusted diluted EPS guidance of $5.95 to $6.00, exceeding the approximately $5.91 consensus. This positive earnings surprise and increased future outlook significantly contributed to the stock's appreciation, with shares jumping nearly 10% on October 22, 2026, the day of the earnings announcement.
2. Strategic Portfolio Optimization through Divestitures and Acquisitions.
Roper Technologies continued its strategic portfolio management, which positively impacted investor sentiment. During fiscal Q3 2026, the company received $1.2 billion in proceeds from the divestiture of Indicor's instrumentation businesses. Furthermore, on August 10, 2026, Indicor entered into a definitive agreement to sell its Cornell Pump and Roper Pump businesses to Xylem Inc. for approximately $1.46 billion, with Roper anticipating approximately $600 million in pre-tax proceeds in fiscal Q4 2026. Concurrently, Roper deployed $436 million towards three "bolt-on" acquisitions in fiscal Q3 2026 for its iPipeline, Procare, and Strata businesses, adding roughly $75 million in revenue. This active capital recycling, coupled with the announcement of over $6 billion in capital deployment capacity for the next 12 months and a reduction of net debt to EBITDA to 2.9x, signaled management's commitment to accretive growth.
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Updated on 11/1/2026
Roper Technologies (ROP) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upgraded Full-Year Guidance.
Roper Technologies (ROP) reported robust fiscal Q3 2026 results, with the quarter ending September 30, 2026. The company announced an adjusted diluted EPS of $5.89, surpassing the consensus estimate of $5.79 by $0.10, representing a 15% year-over-year increase. Revenue for the quarter rose 8% year-over-year to $2.17 billion, driven by 7% organic revenue growth. Following these strong results, management raised its full-year 2026 adjusted diluted EPS guidance to a range of $22.35 to $22.40, up from the previous outlook of $22.15 to $22.30. The company also provided an optimistic fiscal Q4 2026 adjusted diluted EPS guidance of $5.95 to $6.00, exceeding the approximately $5.91 consensus. This positive earnings surprise and increased future outlook significantly contributed to the stock's appreciation, with shares jumping nearly 10% on October 22, 2026, the day of the earnings announcement.
2. Strategic Portfolio Optimization through Divestitures and Acquisitions.
Roper Technologies continued its strategic portfolio management, which positively impacted investor sentiment. During fiscal Q3 2026, the company received $1.2 billion in proceeds from the divestiture of Indicor's instrumentation businesses. Furthermore, on August 10, 2026, Indicor entered into a definitive agreement to sell its Cornell Pump and Roper Pump businesses to Xylem Inc. for approximately $1.46 billion, with Roper anticipating approximately $600 million in pre-tax proceeds in fiscal Q4 2026. Concurrently, Roper deployed $436 million towards three "bolt-on" acquisitions in fiscal Q3 2026 for its iPipeline, Procare, and Strata businesses, adding roughly $75 million in revenue. This active capital recycling, coupled with the announcement of over $6 billion in capital deployment capacity for the next 12 months and a reduction of net debt to EBITDA to 2.9x, signaled management's commitment to accretive growth.
3. Accelerated Organic Growth in Software Segments and AI Integration.
The company demonstrated accelerated organic growth, particularly within its software segments, and highlighted successful integration of artificial intelligence (AI) across its offerings. In fiscal Q3 2026, organic recurring revenue across its software segments increased by 8%. Specifically, Application Software revenue grew 7% and Network Software revenue rose 8% in the same period. Roper's CEO emphasized several AI launches, noting that AI-related features were a significant driver of bookings, accounting for approximately 75% of CentralReach's bookings and 25% of Aderant's bookings in the third quarter. This strong performance in core software businesses, bolstered by the strategic adoption and impact of AI, fueled investor confidence in the company's long-term growth prospects and ability to innovate.
Show less
Roper Technologies (ROP) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat and Upgraded Full-Year Guidance.
Roper Technologies (ROP) reported robust fiscal Q3 2026 results, with the quarter ending September 30, 2026. The company announced an adjusted diluted EPS of $5.89, surpassing the consensus estimate of $5.79 by $0.10, representing a 15% year-over-year increase. Revenue for the quarter rose 8% year-over-year to $2.17 billion, driven by 7% organic revenue growth. Following these strong results, management raised its full-year 2026 adjusted diluted EPS guidance to a range of $22.35 to $22.40, up from the previous outlook of $22.15 to $22.30. The company also provided an optimistic fiscal Q4 2026 adjusted diluted EPS guidance of $5.95 to $6.00, exceeding the approximately $5.91 consensus. This positive earnings surprise and increased future outlook significantly contributed to the stock's appreciation, with shares jumping nearly 10% on October 22, 2026, the day of the earnings announcement.
2. Strategic Portfolio Optimization through Divestitures and Acquisitions.
Roper Technologies continued its strategic portfolio management, which positively impacted investor sentiment. During fiscal Q3 2026, the company received $1.2 billion in proceeds from the divestiture of Indicor's instrumentation businesses. Furthermore, on August 10, 2026, Indicor entered into a definitive agreement to sell its Cornell Pump and Roper Pump businesses to Xylem Inc. for approximately $1.46 billion, with Roper anticipating approximately $600 million in pre-tax proceeds in fiscal Q4 2026. Concurrently, Roper deployed $436 million towards three "bolt-on" acquisitions in fiscal Q3 2026 for its iPipeline, Procare, and Strata businesses, adding roughly $75 million in revenue. This active capital recycling, coupled with the announcement of over $6 billion in capital deployment capacity for the next 12 months and a reduction of net debt to EBITDA to 2.9x, signaled management's commitment to accretive growth.
3. Accelerated Organic Growth in Software Segments and AI Integration.
The company demonstrated accelerated organic growth, particularly within its software segments, and highlighted successful integration of artificial intelligence (AI) across its offerings. In fiscal Q3 2026, organic recurring revenue across its software segments increased by 8%. Specifically, Application Software revenue grew 7% and Network Software revenue rose 8% in the same period. Roper's CEO emphasized several AI launches, noting that AI-related features were a significant driver of bookings, accounting for approximately 75% of CentralReach's bookings and 25% of Aderant's bookings in the third quarter. This strong performance in core software businesses, bolstered by the strategic adoption and impact of AI, fueled investor confidence in the company's long-term growth prospects and ability to innovate.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 22.6% change in ROP stock from 7/31/2026 to 11/2/2026 was primarily driven by a 22.6% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 390.99 | 479.54 | 22.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,280 | 8,280 | 0.0% |
| Net Income Margin (%) | 30.2% | 30.2% | 0.0% |
| P/E Multiple | 15.7 | 19.2 | 22.6% |
| Shares Outstanding (Mil) | 100 | 100 | 0.0% |
| Cumulative Contribution | 22.6% |
Market Drivers
7/31/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ROP | 22.6% | |
| Market (SPY) | 0.7% | -14.5% |
| Sector (XLK) | -0.6% | -37.9% |
Fundamental Drivers
The 35.8% change in ROP stock from 4/30/2026 to 11/2/2026 was primarily driven by a 55.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 353.03 | 479.54 | 35.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,902 | 8,280 | 4.8% |
| Net Income Margin (%) | 19.4% | 30.2% | 55.6% |
| P/E Multiple | 24.6 | 19.2 | -21.9% |
| Shares Outstanding (Mil) | 107 | 100 | 6.7% |
| Cumulative Contribution | 35.8% |
Market Drivers
4/30/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ROP | 35.8% | |
| Market (SPY) | 4.9% | -23.3% |
| Sector (XLK) | 9.4% | -40.9% |
Fundamental Drivers
The 8.5% change in ROP stock from 10/31/2025 to 11/2/2026 was primarily driven by a 48.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 441.88 | 479.54 | 8.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,721 | 8,280 | 7.2% |
| Net Income Margin (%) | 20.3% | 30.2% | 48.7% |
| P/E Multiple | 30.3 | 19.2 | -36.5% |
| Shares Outstanding (Mil) | 108 | 100 | 7.2% |
| Cumulative Contribution | 8.5% |
Market Drivers
10/31/2025 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ROP | 8.5% | |
| Market (SPY) | 11.2% | -3.7% |
| Sector (XLK) | 16.3% | -21.2% |
Fundamental Drivers
The 0.3% change in ROP stock from 10/31/2023 to 11/2/2026 was primarily driven by a 43.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 478.27 | 479.54 | 0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,782 | 8,280 | 43.2% |
| Net Income Margin (%) | 50.2% | 30.2% | -39.8% |
| P/E Multiple | 17.6 | 19.2 | 9.5% |
| Shares Outstanding (Mil) | 107 | 100 | 6.2% |
| Cumulative Contribution | 0.3% |
Market Drivers
10/31/2023 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ROP | 0.3% | |
| Market (SPY) | 86.0% | 32.2% |
| Sector (XLK) | 116.2% | 15.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ROP Return | 15% | -12% | 27% | -4% | -14% | 9% | 16% |
| Peers Return | 18% | -14% | 17% | 15% | 3% | 2% | 44% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ROP Win Rate | 58% | 42% | 75% | 58% | 42% | 64% | |
| Peers Win Rate | 63% | 38% | 55% | 52% | 48% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| ROP Max Drawdown | -15% | -27% | -7% | -11% | -26% | -29% | |
| Peers Max Drawdown | -15% | -30% | -21% | -18% | -25% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTV, HON, DHR, TDG, TRMB. See ROP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/2/2026 (YTD)
How Low Can It Go
| Event | ROP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.0% | -24.5% |
| % Gain to Breakeven | 31.5% | 32.4% |
| Time to Breakeven | 270 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.5% | -33.7% |
| % Gain to Breakeven | 52.6% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.0% | -19.2% |
| % Gain to Breakeven | 20.5% | 23.8% |
| Time to Breakeven | 43 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.7% | -12.2% |
| % Gain to Breakeven | 12.0% | 13.9% |
| Time to Breakeven | 10 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.0% | -17.9% |
| % Gain to Breakeven | 28.1% | 21.8% |
| Time to Breakeven | 78 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -10.2% | -15.4% |
| % Gain to Breakeven | 11.4% | 18.2% |
| Time to Breakeven | 21 days | 125 days |
In The Past
Roper Technologies's stock fell -9.9% during the 2025 US Tariff Shock. Such a loss loss requires a 11.0% gain to breakeven.
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| Event | ROP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.0% | -24.5% |
| % Gain to Breakeven | 31.5% | 32.4% |
| Time to Breakeven | 270 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.5% | -33.7% |
| % Gain to Breakeven | 52.6% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.0% | -17.9% |
| % Gain to Breakeven | 28.1% | 21.8% |
| Time to Breakeven | 78 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -43.7% | -53.4% |
| % Gain to Breakeven | 77.5% | 114.4% |
| Time to Breakeven | 518 days | 1085 days |
In The Past
Roper Technologies's stock fell -9.9% during the 2025 US Tariff Shock. Such a loss loss requires a 11.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Roper Technologies (ROP)
Roper Technologies, Inc. is a diversified technology company that designs and develops a wide array of software and engineered products and solutions. The company's business model centers on providing mission-critical solutions across various industries, leveraging both advanced software applications and specialized industrial hardware.
A significant portion of Roper's portfolio involves cloud-based and enterprise software offerings. These include management software for campuses, healthcare diagnostics, enterprise resource planning, and transportation. They also provide specialized software for property and casualty insurance, life insurance, financial services, foodservice operations, supply chain management, and visual effects production. These software solutions serve a broad range of corporate clients, financial institutions, educational establishments, and creative industries, helping them manage operations, data, and analytics more efficiently.
Complementing its software capabilities, Roper also develops and manufactures a variety of engineered products. This segment encompasses precision testing instruments for rubber, polymers, and plastics, along with specialized pumps, valves, and flow meters for industrial applications. Other offerings include medical devices, automated surgical equipment, water and gas utility metering systems, optical measurement systems, and various sensors for pressure, level, and vibration monitoring. These engineered solutions are vital for customers in manufacturing, healthcare, utilities, oil and gas, and general industrial sectors, providing crucial tools for measurement, control, and operational efficiency.
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A diversified industrial technology conglomerate, similar to a focused Danaher.
Like Constellation Software for niche B2B software, but also operating a significant segment of specialized engineered products.
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Software Solutions
- Enterprise & Financial Management Software: Provides a range of software for enterprise management, financial compliance, campus operations, and transportation management.
- Industry-Specific Cloud Software: Offers specialized cloud-based solutions for property and casualty insurance, life insurance, financial services, and foodservice operations.
- Data & Workflow Automation Software: Delivers cloud-based platforms for data collaboration, estimating automation, supply chain management, and healthcare information.
- Visual Effects & 3D Content Software: Develops software for visual effects, 3D content creation, and related creative industries.
Engineered Products & Solutions
- Precision Measurement Instruments: Manufactures instruments for precision weighing, flow control, leak detection, optical, and electromagnetic measurement, along with various sensors.
- Fluid & Process Control Equipment: Produces dispensers, metering pumps, control valves, and specialized pump systems for fluid handling and process automation.
- Medical & Laboratory Devices: Supplies ultrasound accessories, automated surgical scrub and linen dispensing equipment, medical devices, and RFID card readers.
- Materials Testing Instruments: Offers instruments and software for testing and analyzing the properties of rubber, polymers, and plastics.
- Utility & Industrial Infrastructure Products: Provides water meters, products for water and gas utilities, turbomachinery controls, and drilling power sections.
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Roper Technologies (ROP) primarily sells its software, engineered products, and solutions to other companies and organizations (B2B). Based on the provided description, its major customers can be categorized into the following types of businesses:
- Software & Information Solutions Customers: This broad category includes businesses across various sectors that leverage Roper's extensive portfolio of enterprise software, cloud-based financial analytics, transportation management, campus solutions, supply chain software, data analytics, information management systems, and specialized software for industries like property & casualty insurance, life insurance, financial services, visual effects, and 3D content.
- Healthcare & Life Sciences Organizations: Roper serves hospitals, clinics, diagnostic laboratories, pharmacies, and other healthcare providers with its medical devices, healthcare service and software, laboratory information management systems, RFID card readers, ultrasound accessories, and automated dispensing equipment.
- Industrial, Manufacturing & Utility Companies: This category encompasses a wide range of industrial and manufacturing firms, as well as water and gas utility companies. They utilize Roper's engineered products, precision testing instruments, fluid handling equipment (dispensers, pumps, valves), measurement and control systems, sensors, automated leak detection equipment, turbomachinery controls, and solutions for various industrial processes and infrastructure management.
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Neil Hunn, President and Chief Executive Officer
Neil Hunn has been the President and Chief Executive Officer of Roper Technologies since August 2018. He joined Roper in 2011 as Group Vice President in the company's medical segment and was promoted to Executive Vice President and Chief Operating Officer in 2017. Prior to joining Roper, Mr. Hunn spent 10 years at MedAssets, an Atlanta-based SaaS company, where he served as Executive Vice President and Chief Financial Officer, and as President of its revenue cycle technology businesses. During his tenure at MedAssets, he successfully led its initial public offering and executed several mergers and acquisitions. He also held earlier roles at CMGI and The Parthenon Group. Hunn is recognized for leading Roper's strategic transformation from an industrial conglomerate into a high-performing portfolio of niche, application-specific software and technology businesses.
Jason Conley, Executive Vice President and Chief Financial Officer
Jason Conley has served as Executive Vice President and Chief Financial Officer since February 2023. Before becoming CFO, he was Roper's Vice President, Chief Accounting Officer. Mr. Conley joined Roper in 2006 as the head of financial planning and analysis and investor relations. From 2013 until 2017, he held the position of Senior Vice President of Finance and Human Resources at Managed Health Care Associates, a business unit of Roper. Earlier in his career, he held roles of increasing responsibility at Honeywell International and Deloitte.
John K. Stipancich, Executive Vice President, General Counsel and Corporate Secretary
John K. Stipancich serves as Executive Vice President, General Counsel, and Corporate Secretary for Roper Technologies. Previously, he was Executive Vice President, General Counsel, and Corporate Secretary for Evenflo Company and Assistant General Counsel for Borden, both of which were KKR portfolio companies at the time. He began his legal career at the international law firm Squire Patton Boggs.
Mike Corkery, Senior Vice President, Group Executive
Mike Corkery has been a Group Executive at Roper Technologies since April 2019, providing coaching and guidance to several Roper businesses. He previously served as Chief Executive Officer of Deltek, a Roper business unit, and was Deltek's CFO prior to becoming CEO. Before his time at Deltek, Mr. Corkery was the CFO and Acting CEO for ICO Global Communications. His career also includes various senior financial and operational executive positions at Current Group, LLC, Nextel Communications, Berliner Communications, XO Communications, and AT&T Wireless.
Janet Glazer, Vice President, Corporate Development
Janet Glazer joined Roper Technologies in September 2023 and is responsible for managing the company's development and acquisition initiatives. Prior to her role at Roper, she was a Portfolio Manager and Global Sector Leader at Fidelity Investments, where she led a global team of analysts and portfolio managers to identify investment opportunities, develop investment strategy, and provide thought leadership across Industrials. She also created and launched the Fidelity Water Sustainability Fund.
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The key risks to Roper Technologies' business include:
- Impact of Artificial Intelligence on Vertical Software Businesses: Roper Technologies' significant focus on vertical software makes it particularly susceptible to disruption from rapidly evolving Artificial Intelligence (AI) technologies. Investors are concerned about AI potentially altering competitive advantages within the application software sector, which constitutes a large portion of Roper's revenue. While the near-term threat of AI is considered modest, investor sentiment has already had a notable impact on the company's share price, and maintaining a competitive edge requires continuous innovation in the face of AI and cloud-native solutions.
- Acquisition Integration Challenges and Reliance on M&A: Roper's primary growth strategy is heavily reliant on strategic acquisitions. This approach carries inherent risks, such as difficulties in effectively integrating the operations, technologies, and corporate cultures of newly acquired businesses. These complexities can lead to potential disruptions, divert management's attention from other strategic initiatives, and may not always result in the anticipated levels of revenue, profitability, or cash flow. There is also ongoing scrutiny regarding the financial accretion from acquisitions and concerns about balancing this acquisition-driven growth with shareholder returns.
- Macroeconomic Volatility and Decelerating Organic Growth: Roper Technologies operates in a dynamic global market environment, making it vulnerable to broader economic conditions, trade policies, and geopolitical events. Macroeconomic downturns can lead to reduced customer spending across its diverse segments, thereby impacting revenue growth and profitability. The company has experienced specific headwinds in its government contracting unit (Deltek) and freight matching businesses (DAT, Loadlink), contributing to a slowdown in organic growth and conservative financial guidance. Furthermore, Roper's notable net debt position increases its sensitivity to fluctuations in interest rates.
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Roper Technologies (ROP) operates across diverse markets with its software and engineered products and solutions. The addressable market sizes for its main products and services are outlined below:
- Enterprise Software: The global enterprise software market was estimated at USD 263.79 billion in 2024 and is projected to reach USD 517.26 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.1% from 2025 to 2030. North America held the largest share of this market in 2024. More specifically, the global Enterprise Resource Planning (ERP) software market, a component of enterprise software, was valued at USD 92.6 billion in 2025 and is projected to grow to USD 281.58 billion by 2034, exhibiting a CAGR of 13% during the forecast period. North America dominated the global ERP market in 2025 with a 34.20% share.
- Cloud-Based Financial Analytics and Platforms: The global financial analytics market is projected to reach USD 15.2 billion in 2025 and is expected to expand to USD 34.1 billion by 2035, registering a CAGR of 9.2%. The global cloud-based financial platform market was valued at approximately USD 20.62 billion in 2023 and is predicted to grow to around USD 54.03 billion by 2032, with a CAGR of roughly 11.30% between 2024 and 2032. North America leads this market. The broader global finance cloud market was valued at USD 155.40 billion in 2024 and is expected to reach USD 462.30 billion by 2032, at a CAGR of 14.60%.
- Property and Casualty (P&C) Insurance Software: The global property and casualty insurance software market was valued at USD 20.96 billion in 2025 and is expected to grow to USD 23.32 billion in 2026 at a CAGR of 11.3%. It is projected to reach USD 34.75 billion by 2030, with a CAGR of 10.5%. North America was the largest region in this market in 2025. Another source indicates a market size of USD 11.54 billion in 2024, expected to reach USD 14.33 billion by 2033.
- Visual Effects and 3D Content Software: The global visual effects (VFX) market was valued at over USD 25.63 billion in 2025 and is projected to reach USD 57.95 billion by 2035, growing at around an 8.5% CAGR. North America is the largest region in the VFX market, expected to hold approximately 45% share by 2035. A broader "Animation and VFX" market was estimated at USD 197.3 billion in 2025 and is forecast to reach USD 386.34 billion by 2031.
- Analytical Instruments: The global analytical instrumentation market size was valued at USD 41.8 billion in 2025 and is expected to grow to USD 71.9 billion by 2035, at a CAGR of 5.7%. North America dominated this market with a 37.7% share in 2025, and the U.S. market alone was valued at USD 14.6 billion in 2025. Other reports estimate the global market at USD 55.00 billion in 2024, reaching USD 90.48 billion by 2033, or USD 58.96 billion in 2025, reaching USD 98.68 billion by 2034.
- Healthcare Software (SaaS): The global healthcare software as a service (SaaS) market size was estimated at USD 25.13 billion in 2024 and is projected to reach USD 74.74 billion by 2030, growing at a CAGR of 20.0%. North America dominated this market with a 45.39% revenue share in 2024. Other estimates place the global healthcare SaaS market size at USD 38.50 billion in 2025, predicted to increase to USD 102.98 billion by 2035, or USD 32.22 billion in 2025, growing to USD 82.37 billion by 2031.
- Water Meters (including Smart Water Meters): The global water meter market reached a value of nearly USD 14.89 billion in 2024 and is expected to grow to USD 19.96 billion in 2029 and USD 27.91 billion in 2034. The global smart water meters market size was valued at USD 9,051.3 million in 2024 and is projected to reach USD 16,190.2 million by 2030, growing at a CAGR of 10.3%. North America dominated the smart water meters market with a 46% share in 2024. The global AMI (Advanced Metering Infrastructure) water meter market was valued at USD 1.6 billion in 2024 and is estimated to grow at a CAGR of 30% from 2025 to 2034.
- Turbomachinery Control Systems: The global turbomachinery control system market is projected to grow from USD 7,073.5 million in 2025 to USD 8,879.5 million by 2035, at a CAGR of 2.3%. Another estimate values the market at USD 10 billion in 2025, projected to reach approximately USD 16 billion by 2033 with a 7% CAGR. North America leads the market, with a valuation of USD 2.4 billion in 2024, projected to grow to USD 3.25 billion by 2035.
- Pressure and Level Sensors: The global pressure sensors market size was estimated at USD 21.04 billion in 2024 and is predicted to increase to approximately USD 32.18 billion by 2034, expanding at a CAGR of 4.34% from 2025 to 2034. Asia Pacific dominated the market with the largest share of 39% in 2024. The global level sensors market size is projected to grow from USD 9.27 billion in 2026 to USD 12.85 billion by 2034, at a CAGR of 4.20%.
AI Analysis | Feedback
Roper Technologies (ROP) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Organic Growth in Vertical Market Software and Technology-Enabled Products: Roper Technologies anticipates continued organic revenue growth, particularly within its Application Software and Network Software segments. The company forecasts organic revenue growth to be between 5% and 6% for 2026. This growth is supported by resilient demand for its mission-critical solutions and a focus on investing in talent, strategy, and execution within its existing portfolio.
- Strategic Acquisitions: Roper Technologies maintains a disciplined approach to mergers and acquisitions (M&A), actively deploying capital to acquire high-quality vertical software businesses. The company has a substantial capacity for future capital deployment, with over $6 billion available for M&A and buybacks in 2026. Recent acquisitions, such as CentralReach and Subsplash, are expected to contribute significantly to revenue, including being accretive to organic growth in the second half of 2026.
- Advancement and Integration of AI Capabilities: Roper Technologies is accelerating its investment in artificial intelligence (AI) to drive future growth and profitability. The company has approximately 25 AI-enabled products either in the market or under development and expects AI to meaningfully expand its total addressable market. Management views AI as a key strategic initiative to enhance its competitive positioning.
- Growth in Software Usage Driving Payment Revenues: A significant portion of Roper's payment revenues is directly linked to the usage of its software solutions. As the company's various software businesses expand their customer base and see increased adoption and utilization of their platforms, the associated payment processing revenues are expected to grow accordingly.
AI Analysis | Feedback
Share Repurchases
- A new share repurchase program was authorized for up to $3 billion.
- Roper repurchased 1.12 million shares for $500 million in 2025.
- Roper reinforced its capital allocation strategy by repurchasing $1.80 billion in shares over the five months leading up to March 2026.
Share Issuance
- Cash provided by financing activities during 2025 was primarily from the issuance of $2,000.0 million of senior notes in August 2025, and net proceeds from stock-based compensation.
- Roper Technologies' shares outstanding increased slightly from 0.107 billion in 2023 to 0.108 billion in 2025.
Outbound Investments
- Roper deployed approximately $8.96 billion toward acquisitions over the three years ending December 31, 2025.
- In 2025, the company deployed approximately $3.3 billion toward high-quality vertical software businesses, including CentralReach for $1.65 billion in March 2025 and Subsplash for $800 million in July 2025.
- Other significant acquisitions in recent years include Transact Campus for $1.6 billion in August 2024, and Syntellis Performance Solutions for $1.25 billion in August 2023.
Capital Expenditures
- Capital expenditures were $47.4 million in 2025 and $66.0 million in 2024.
- Capitalized software expenditures were $57.3 million in 2025 and $45.0 million in 2024.
- The company expects the aggregate of capital expenditures and capitalized software expenditures to be between 1.0% and 1.5% of annual net revenues in the future.
Peer Outperformance in Electronic Equipment & Instruments
ROP has outperformed 50% of its 26 Electronic Equipment & Instruments peers over 5Y. Among the peers that beat it are OSIS, MIR and CXT. Electronic Equipment & Instruments ranks 7th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Electronic Equipment & Instruments constituents that ROP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
67%
of 30 industry peers · 8.5% return
3Y
30%
of 27 industry peers · -2.5% return
5Y
50%
of 26 industry peers · 3.5% return
Electronic Equipment & Instruments peers with revenue growth within 4pp of ROP's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| ROP | Roper Technologies | 12.7% | 19.2x | 8.5% | -2.5% | 3.5% | — |
| OSIS | OSI Systems | 12.2% | 19.9x | -28.6% | 83.4% | 114.4% | +111pp |
| MIR | Mirion Technologies | 11.2% | 156.1x | -36.4% | 128.1% | 69.8% | +66pp |
| CXT | Crane NXT | 10.2% | 24.8x | -2.7% | 16.1% | 66.7% | +63pp |
| BMI | Badger Meter | 10.0% | 35.8x | -11.6% | 13.1% | 59.1% | +56pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Electronic Equipment & Instruments is ROP's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 18.4% | 110.0% | 198.4% | FLEX 551% · TTMI 451% · JBL 333% |
| Technology Distributors | 9 | 43.9% | 68.0% | 73.2% | AVT 146% · SNX 117% · CNXN 94% |
| Semiconductor Materials & Equipment | 28 | 37.3% | 61.0% | 45.7% | AXTI 464% · LRCX 317% · KLAC 313% |
| Electronic Components | 26 | -0.6% | 66.1% | 34.6% | CLS 2294% · BELFA 1195% · APH 329% |
| Communications Equipment | 36 | 2.5% | 73.5% | 32.6% | AAOI 695% · LITE 689% · ANET 434% |
| Semiconductors | 55 | 0.0% | 44.4% | 7.7% | MU 1107% · NVDA 669% · AVGO 555% |
| Electronic Equipment & Instruments ← | 27 | -4.1% | 24.7% | 3.5% | PI 139% · OSIS 114% · MIR 70% |
| Internet Services & Infrastructure | 6 | 1.5% | 45.7% | -10.1% | GDDY 73% · VRSN 39% · DOCN -3% |
| Technology Hardware, Storage & Peripherals | 21 | -3.4% | 85.5% | -12.0% | WDC 727% · SMCI 721% · DELL 693% |
| IT Consulting & Other Services | 30 | -24.8% | -3.5% | -25.0% | APLD 269% · IBM 152% · ADEA 142% |
| Application Software | 125 | -15.8% | -9.8% | -54.8% | PLTR 588% · FROG 159% · AGYS 148% |
| Systems Software | 70 | -12.3% | 22.2% | -56.2% | CRWD 261% · ZETA 243% · CVLT 145% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 225.38 |
| Mkt Cap | 58.9 |
| Rev LTM | 9,144 |
| Op Inc LTM | 3,483 |
| FCF LTM | 1,564 |
| FCF 3Y Avg | 2,086 |
| CFO LTM | 2,072 |
| CFO 3Y Avg | 2,247 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.9% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 8.4% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 19.5% |
| Op Inc Chg 3Y Avg | 12.5% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 19.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 24.4% |
| CFO/Rev 3Y Avg | 25.2% |
| FCF/Rev LTM | 21.4% |
| FCF/Rev 3Y Avg | 21.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 58.9 |
| P/S | 5.2 |
| P/Op Inc | 21.9 |
| P/EBIT | 19.1 |
| P/E | 25.1 |
| P/CFO | 21.2 |
| Total Yield | 4.8% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.0% |
| 3M Rtn | 13.5% |
| 6M Rtn | 9.3% |
| 12M Rtn | 7.3% |
| 3Y Rtn | 33.5% |
| 1M Excs Rtn | 15.3% |
| 3M Excs Rtn | 13.1% |
| 6M Excs Rtn | 4.6% |
| 12M Excs Rtn | -2.8% |
| 3Y Excs Rtn | -44.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Application Software | 4,483 | 3,868 | 3,187 | 2,640 | 2,367 |
| Technology Enabled Products | 1,819 | 1,695 | 1,552 | 1,354 | 1,243 |
| Network Software | 1,601 | 1,476 | 1,439 | 1,378 | 1,224 |
| Corporate | 0 | 0 | 0 | 0 | |
| Total | 7,902 | 7,039 | 6,178 | 5,372 | 4,834 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Application Software | 1,203 | 1,023 | 821 | 714 | 633 |
| Network Software | 696 | 666 | 632 | 571 | 477 |
| Technology Enabled Products | 627 | 574 | 519 | 449 | 416 |
| Corporate | -290 | -267 | -227 | -209 | -190 |
| Total | 2,235 | 1,997 | 1,745 | 1,524 | 1,336 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Application Software | 25,373 | 23,601 | 20,351 | 18,723 | 14,280 |
| Network Software | 6,459 | 5,348 | 5,364 | 5,467 | 5,631 |
| Technology Enabled Products | 1,666 | 1,498 | 1,486 | 1,503 | 1,407 |
| Corporate | 1,080 | 888 | 967 | 1,287 | 513 |
| Total | 34,577 | 31,335 | 28,168 | 26,981 | 21,831 |
Price Behavior
Price Behavior
| Market Price | $479.54 | |
| Market Cap ($ Bil) | 48.1 | |
| First Trading Date | 02/13/1992 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $393.15 | $363.64 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 22.0% | 31.9% |
| 3M | 1YR | |
| Volatility | 32.2% | 31.1% |
| Downside Capture | -38.55 | 3.25 |
| Upside Capture | 91.67 | 13.39 |
| Correlation (S&P 500) | -15.5% | -3.3% |
ROP Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.56 | -0.67 | -0.39 | -0.64 | -0.08 | 0.51 |
| Up Beta | -7.24 | -2.68 | -1.24 | -1.58 | -0.43 | 0.52 |
| Down Beta | -2.72 | -2.97 | -2.48 | -1.22 | -0.26 | 0.58 |
| Up Capture | 187% | 68% | 79% | 14% | 9% | 14% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 16 | 19 | 34 | 69 | 139 | 406 |
| Down Capture | -306% | -14% | -23% | -74% | 10% | 76% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 6 | 24 | 30 | 57 | 112 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ROP | |
|---|---|---|---|---|
| ROP | 9.2% | 31.1% | 0.30 | - |
| Sector ETF (XLK) | 16.5% | 27.2% | 0.53 | -21.1% |
| Equity (SPY) | 11.6% | 12.8% | 0.57 | -3.7% |
| Gold (GLD) | -2.3% | 28.6% | -0.09 | -15.2% |
| Commodities (DBC) | 43.1% | 20.9% | 1.60 | -3.9% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.50 | 21.5% |
| Bitcoin (BTCUSD) | -28.8% | 43.6% | -0.66 | 6.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ROP | |
|---|---|---|---|---|
| ROP | 0.3% | 23.2% | -0.04 | - |
| Sector ETF (XLK) | 17.9% | 26.1% | 0.61 | 34.8% |
| Equity (SPY) | 12.0% | 17.1% | 0.52 | 48.2% |
| Gold (GLD) | 16.5% | 19.0% | 0.69 | 0.8% |
| Commodities (DBC) | 8.4% | 19.6% | 0.31 | 5.4% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 47.0% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 18.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ROP | |
|---|---|---|---|---|
| ROP | 11.5% | 24.1% | 0.45 | - |
| Sector ETF (XLK) | 23.3% | 25.2% | 0.84 | 50.7% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 62.3% |
| Gold (GLD) | 11.6% | 16.5% | 0.57 | -0.1% |
| Commodities (DBC) | 7.8% | 18.1% | 0.34 | 17.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 52.3% |
| Bitcoin (BTCUSD) | 61.7% | 66.3% | 1.01 | 12.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 9.7% | 10.8% | |
| 7/23/2026 | 5.5% | 21.2% | 21.9% |
| 4/23/2026 | -0.3% | -2.4% | -11.1% |
| 1/27/2026 | -9.6% | -8.8% | -15.8% |
| 10/23/2025 | -5.7% | -12.3% | -13.4% |
| 7/21/2025 | 1.3% | 3.3% | -2.3% |
| 4/28/2025 | -1.0% | 1.5% | 2.9% |
| 1/30/2025 | 5.1% | 7.1% | 7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 12 |
| # Negative | 12 | 9 | 11 |
| Median Positive | 3.4% | 2.9% | 3.9% |
| Median Negative | -2.4% | -4.5% | -4.0% |
| Max Positive | 9.7% | 21.2% | 21.9% |
| Max Negative | -9.6% | -12.3% | -15.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 9.7% | 10.8% | |
| 7/23/2026 | 5.5% | 21.2% | 21.9% |
| 4/23/2026 | -0.3% | -2.4% | -11.1% |
| 1/27/2026 | -9.6% | -8.8% | -15.8% |
| 10/23/2025 | -5.7% | -12.3% | -13.4% |
| 7/21/2025 | 1.3% | 3.3% | -2.3% |
| 4/28/2025 | -1.0% | 1.5% | 2.9% |
| 1/30/2025 | 5.1% | 7.1% | 7.6% |
| 10/23/2024 | -1.7% | -0.6% | -0.5% |
| 7/24/2024 | -7.4% | -5.1% | -4.0% |
| 4/26/2024 | -2.5% | -5.5% | 0.8% |
| 1/31/2024 | -4.4% | -2.9% | -3.0% |
| 10/25/2023 | -0.3% | 1.2% | 9.5% |
| 7/21/2023 | 3.7% | 2.0% | 0.6% |
| 4/27/2023 | 5.1% | 5.9% | 4.3% |
| 1/27/2023 | -2.3% | -2.7% | -3.5% |
| 10/26/2022 | 2.8% | 9.4% | 14.7% |
| 7/22/2022 | -0.4% | 5.6% | 5.0% |
| 4/26/2022 | 3.7% | 0.9% | -6.2% |
| 2/2/2022 | 2.3% | 0.9% | 1.8% |
| 10/22/2021 | 1.2% | 1.1% | 3.6% |
| 7/23/2021 | 1.0% | 0.1% | -2.4% |
| 4/27/2021 | 3.1% | 2.9% | 3.1% |
| 1/29/2021 | -7.1% | -4.5% | -9.0% |
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 12 |
| # Negative | 12 | 9 | 11 |
| Median Positive | 3.4% | 2.9% | 3.9% |
| Median Negative | -2.4% | -4.5% | -4.0% |
| Max Positive | 9.7% | 21.2% | 21.9% |
| Max Negative | -9.6% | -12.3% | -15.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
Recent Forward Guidance
Updated 10/23/2026Latest: Q3 2026 Earnings Reported 10/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Amortization of acquisition-related intangible assets per share | Reported | 1.68 | ||||||
| Q4 2026 Pretax Amortization of acquisition-related intangible assets | Reported | 212.00 Mil | ||||||
| Q4 2026 After-tax Amortization of acquisition-related intangible assets | Reported | 168.00 Mil | ||||||
| Q4 2026 Adjusted DEPS | Reported | 5.95 | 5.98 | 6 | 3.5% | Higher New | Guidance: 5.78 for Q3 2026 | |
| Q4 2026 GAAP DEPS | Reported | 4.27 | 4.3 | 4.32 | ||||
| 2026 Amortization of acquisition-related intangible assets per share | Reported | 6.56 | ||||||
| 2026 Pretax Amortization of acquisition-related intangible assets | Reported | 839.00 Mil | ||||||
| 2026 After-tax Amortization of acquisition-related intangible assets | Reported | 663.00 Mil | ||||||
| 2026 Adjusted DEPS | Reported | 22.35 | 22.38 | 22.4 | 0.7% | Raised | Guidance: 22.23 for 2026 | |
| 2026 GAAP DEPS | Reported | 25.6 | 25.63 | 25.65 | ||||
Prior: Q2 2026 Earnings Reported 7/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Adjusted DEPS | Reported | 5.75 | 5.78 | 5.8 | 9.5% | Higher New | Guidance: 5.28 for Q2 2026 | |
| 2026 Total Revenue Growth | Reported | 8.0% | Raised | |||||
| 2026 Organic Revenue Growth | Reported | 6.0% | Raised | |||||
| 2026 Adjusted DEPS | Reported | 22.15 | 22.23 | 22.3 | 1.4% | Raised | Guidance: 21.93 for 2026 | |
Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Adjusted DEPS | Reported | 5.25 | 5.28 | 5.3 | 6.0% | Higher New | Guidance: 4.98 for Q1 2026 | |
| 2026 Adjusted DEPS | Reported | 21.8 | 21.93 | 22.05 | 2.3% | Raised | Guidance: 21.43 for 2026 | |
Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Adjusted DEPS | Reported | 4.95 | 4.98 | 5 | -3.1% | Lower New | Guidance: 5.14 for Q4 2025 | |
| 2026 Total Revenue Growth | Reported | 8.0% | -5.0% | Lower New | Guidance: 13.0% for 2025 | |||
| 2026 Organic Revenue Growth | Reported | 5.0% | 5.5% | 6.0% | -0.5% | Lower New | Guidance: 6.0% for 2025 | |
| 2026 Adjusted DEPS | Reported | 21.3 | 21.43 | 21.55 | 7.5% | Higher New | Guidance: 19.93 for 2025 | |
Insider Activity
Updated 10/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Conley, Jason | EVP, Chief Financial Officer | Direct | Sell | 10272026 | 435.53 | 12,000 | 5,226,354 | 12,393,862 | Form |
| 2 | Stipancich, John K | EVP, Chief Legal Officer & Sec | Direct | Sell | 7272026 | 379.05 | 2,000 | 758,100 | 13,507,068 | Form |
| 3 | Wallman, Richard F | Direct | Sell | 7272026 | 361.00 | 6,434 | 2,322,674 | 2,679,703 | Form | |
| 4 | Joyce, Thomas Patrick JR | Spousal Trust | Buy | 2062026 | 358.46 | 1,400 | 501,844 | 501,844 | Form | |
| 5 | Conley, Jason | EVP, Chief Financial Officer | Direct | Sell | 12022025 | 445.56 | 6,000 | 2,673,390 | 14,045,100 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Conley, Jason | EVP, Chief Financial Officer | Direct | Sell | 10272026 | 435.53 | 12,000 | 5,226,354 | 12,393,862 | Form |
| 2 | Stipancich, John K | EVP, Chief Legal Officer & Sec | Direct | Sell | 7272026 | 379.05 | 2,000 | 758,100 | 13,507,068 | Form |
| 3 | Wallman, Richard F | Direct | Sell | 7272026 | 361.00 | 6,434 | 2,322,674 | 2,679,703 | Form | |
| 4 | Joyce, Thomas Patrick JR | Spousal Trust | Buy | 2062026 | 358.46 | 1,400 | 501,844 | 501,844 | Form | |
| 5 | Conley, Jason | EVP, Chief Financial Officer | Direct | Sell | 12022025 | 445.56 | 6,000 | 2,673,390 | 14,045,100 | Form |
| 6 | Brinkley, Amy Woods | Direct | Buy | 11122025 | 450.71 | 1,200 | 540,856 | 8,195,765 | Form | |
| 7 | Hunn, Laurence Neil | President and CEO | Direct | Buy | 11122025 | 452.23 | 10,000 | 4,522,310 | 44,007,051 | Form |
| 8 | Hunn, Laurence Neil | President and CEO | Direct | Sell | 11122025 | 443.57 | 30,000 | 13,307,176 | 38,728,762 | Form |
Investor Activity (13F)
Updated Nov 3, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Windacre Partnership LLC | $2.7 Bil | 28.4% | 11 | ADD +142.2% | 13F |
| Capco Asset Management, LLC | $53.2 Mil | 14.5% | 27 | ADD +36.5% | 13F |
| Akre Capital Management LLC | $444.9 Mil | 7.3% | 19 | ADD +13.8% | 13F |
| GFI Investment Counsel Ltd. | $45.2 Mil | 6.2% | 24 | New | 13F |
| Camrose Capital Investment Partners LLP | $42.0 Mil | 5.5% | 10 | ADD +5.4% | 13F |
| Rempart Asset Management Inc. | $14.2 Mil | 3.0% | 36 | TRIM -5.4% | 13F |
| Doma Perpetual Capital Management LLC | $10.7 Mil | 2.9% | 11 | New | 13F |
| Central Securities Corp | $17.7 Mil | 1.5% | 30 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| GFI Investment Counsel Ltd. | $45.2 Mil | 6.2% | 24 | New | 13F |
| Doma Perpetual Capital Management LLC | $10.7 Mil | 2.9% | 11 | New | 13F |
| Windacre Partnership LLC | $2.7 Bil | 28.4% | 11 | ADD +142.2% | 13F |
| Capco Asset Management, LLC | $53.2 Mil | 14.5% | 27 | ADD +36.5% | 13F |
| Akre Capital Management LLC | $444.9 Mil | 7.3% | 19 | ADD +13.8% | 13F |
| Camrose Capital Investment Partners LLP | $42.0 Mil | 5.5% | 10 | ADD +5.4% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Windacre Partnership LLC | $2.7 Bil | 28.4% | 11 | ADD +142.2% | 13F |
| Akre Capital Management LLC | $444.9 Mil | 7.3% | 19 | ADD +13.8% | 13F |
| Capco Asset Management, LLC | $53.2 Mil | 14.5% | 27 | ADD +36.5% | 13F |
| GFI Investment Counsel Ltd. | $45.2 Mil | 6.2% | 24 | New | 13F |
| Camrose Capital Investment Partners LLP | $42.0 Mil | 5.5% | 10 | ADD +5.4% | 13F |
| Central Securities Corp | $17.7 Mil | 1.5% | 30 | Hold | 13F |
| Rempart Asset Management Inc. | $14.2 Mil | 3.0% | 36 | TRIM -5.4% | 13F |
| Doma Perpetual Capital Management LLC | $10.7 Mil | 2.9% | 11 | New | 13F |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Equipment & Instruments Resources |
| EDN |
| Electronic Design |
| EE Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/2/2026