Roper Technologies (ROP)
Market Price (5/17/2026): $321.0 | Market Cap: $33.5 BilSector: Information Technology | Industry: Electronic Equipment & Instruments
Roper Technologies (ROP)
Market Price (5/17/2026): $321.0Market Cap: $33.5 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 6.2%, FCF Yield is 7.4% 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 2.6 Bil, FCF LTM is 2.5 Bil Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% Stock buyback supportStock Buyback 3Y Total is 1.5 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Cloud Computing, Autonomous Technologies, and Smart Grids & Grid Modernization. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -108% | 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 6.2%, FCF Yield is 7.4% |
| 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 2.6 Bil, FCF LTM is 2.5 Bil |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% |
| Stock buyback supportStock Buyback 3Y Total is 1.5 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Autonomous Technologies, and Smart Grids & Grid Modernization. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -108% |
| 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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Roper Technologies (ROP) stock has lost about 15% since 1/31/2026 because of the following key factors:
1. Weak Full-Year 2026 Outlook Issued in Late January. Roper Technologies' stock experienced a significant sell-off starting January 27, 2026, following its Q4 2025 earnings call. During this call, management provided full-year 2026 guidance for revenue growth of approximately 8% and adjusted diluted earnings per share (EPS) of $21.30 to $21.55. These projections fell below Wall Street's prior estimates of 9% growth and $21.65 EPS, initiating a negative trend that continued into the specified period.
2. Analyst Downgrades and Price Target Reductions. The cautious 2026 outlook led to immediate revisions from analysts. For instance, Stifel Nicolaus lowered its price target for Roper Technologies from $550.00 to $385.00 on January 27, 2026, while Mizuho issued an "Underperform" rating and a $365.00 price target on January 28, 2026. These lowered expectations and revised ratings contributed to the sustained negative sentiment and downward pressure on the stock during the analyzed period.
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1. Weak Full-Year 2026 Outlook Issued in Late January. Roper Technologies' stock experienced a significant sell-off starting January 27, 2026, following its Q4 2025 earnings call. During this call, management provided full-year 2026 guidance for revenue growth of approximately 8% and adjusted diluted earnings per share (EPS) of $21.30 to $21.55. These projections fell below Wall Street's prior estimates of 9% growth and $21.65 EPS, initiating a negative trend that continued into the specified period.
2. Analyst Downgrades and Price Target Reductions. The cautious 2026 outlook led to immediate revisions from analysts. For instance, Stifel Nicolaus lowered its price target for Roper Technologies from $550.00 to $385.00 on January 27, 2026, while Mizuho issued an "Underperform" rating and a $365.00 price target on January 28, 2026. These lowered expectations and revised ratings contributed to the sustained negative sentiment and downward pressure on the stock during the analyzed period.
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Stock Movement Drivers
Fundamental Drivers
The -13.3% change in ROP stock from 1/31/2026 to 5/16/2026 was primarily driven by a -23.0% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5162026 | Change |
|---|---|---|---|
| Stock Price ($) | 370.29 | 320.90 | -13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,721 | 8,115 | 5.1% |
| Net Income Margin (%) | 20.3% | 21.1% | 3.9% |
| P/E Multiple | 25.4 | 19.5 | -23.0% |
| Shares Outstanding (Mil) | 108 | 104 | 3.2% |
| Cumulative Contribution | -13.3% |
Market Drivers
1/31/2026 to 5/16/2026| Return | Correlation | |
|---|---|---|
| ROP | -13.3% | |
| Market (SPY) | 7.1% | 16.0% |
| Sector (XLK) | 22.7% | 10.6% |
Fundamental Drivers
The -27.7% change in ROP stock from 10/31/2025 to 5/16/2026 was primarily driven by a -35.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5162026 | Change |
|---|---|---|---|
| Stock Price ($) | 444.11 | 320.90 | -27.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,721 | 8,115 | 5.1% |
| Net Income Margin (%) | 20.3% | 21.1% | 3.9% |
| P/E Multiple | 30.4 | 19.5 | -35.8% |
| Shares Outstanding (Mil) | 108 | 104 | 3.2% |
| Cumulative Contribution | -27.7% |
Market Drivers
10/31/2025 to 5/16/2026| Return | Correlation | |
|---|---|---|
| ROP | -27.7% | |
| Market (SPY) | 9.0% | 14.7% |
| Sector (XLK) | 17.6% | 5.6% |
Fundamental Drivers
The -42.3% change in ROP stock from 4/30/2025 to 5/16/2026 was primarily driven by a -49.2% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5162026 | Change |
|---|---|---|---|
| Stock Price ($) | 555.78 | 320.90 | -42.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,039 | 8,115 | 15.3% |
| Net Income Margin (%) | 22.0% | 21.1% | -4.0% |
| P/E Multiple | 38.4 | 19.5 | -49.2% |
| Shares Outstanding (Mil) | 107 | 104 | 2.7% |
| Cumulative Contribution | -42.3% |
Market Drivers
4/30/2025 to 5/16/2026| Return | Correlation | |
|---|---|---|
| ROP | -42.3% | |
| Market (SPY) | 34.8% | 20.0% |
| Sector (XLK) | 68.8% | 8.9% |
Fundamental Drivers
The -28.1% change in ROP stock from 4/30/2023 to 5/16/2026 was primarily driven by a -75.0% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5162026 | Change |
|---|---|---|---|
| Stock Price ($) | 446.17 | 320.90 | -28.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,372 | 8,115 | 51.1% |
| Net Income Margin (%) | 84.6% | 21.1% | -75.0% |
| P/E Multiple | 10.4 | 19.5 | 87.8% |
| Shares Outstanding (Mil) | 106 | 104 | 1.5% |
| Cumulative Contribution | -28.1% |
Market Drivers
4/30/2023 to 5/16/2026| Return | Correlation | |
|---|---|---|
| ROP | -28.1% | |
| Market (SPY) | 84.7% | 47.7% |
| Sector (XLK) | 138.6% | 37.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ROP Return | 15% | -12% | 27% | -4% | -14% | -28% | -24% |
| Peers Return | 18% | -14% | 17% | 15% | 3% | -10% | 27% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| ROP Win Rate | 58% | 42% | 75% | 58% | 42% | 40% | |
| Peers Win Rate | 63% | 38% | 55% | 52% | 48% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ROP Max Drawdown | -15% | -27% | -7% | -11% | -26% | -29% | |
| Peers Max Drawdown | -15% | -30% | -21% | -18% | -25% | -23% | |
| 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 5/15/2026 (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. designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations. It also provides cloud-based data, collaboration, and estimating automation software; electronic marketplace; visual effects and 3D content software; wireless sensor network and solutions; cloud-based software for the life insurance and financial services industries; supply chain software; health care service and software; RFID card readers; data analytics and information; and pharmacy software solutions. In addition, the company offers precision rubber and polymer testing instruments, and data analysis software; ultrasound accessories; testing and analyzing plastic solutions; dispensers and metering pumps; control valves; precision weighing equipment; automated surgical scrub and linen dispensing equipment; water meters; optical and electromagnetic measurement systems; automated leak detection equipment; medical devices; products and services for water and gas utilities; and equipment and consumables. It also provides temperature control and emergency shutoff valves; turbomachinery control hardware, software, and services; specialized pumps; flow meter calibrators and controllers; vibration monitoring systems and controls; analytical instrument; drilling power section; and pressure and level sensors. The company was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in April 2015. The company was incorporated in 1981 and is based in Sarasota, Florida.
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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%.
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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.
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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.
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| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 01302026 | ROP | Roper Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.2% | -4.2% | -15.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 187.57 |
| Mkt Cap | 50.2 |
| Rev LTM | 8,809 |
| Op Inc LTM | 3,364 |
| FCF LTM | 1,850 |
| FCF 3Y Avg | 1,776 |
| CFO LTM | 2,105 |
| CFO 3Y Avg | 1,973 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 1.0% |
| Rev Chg Q | 9.5% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 5.2% |
| Op Inc Chg 3Y Avg | 4.7% |
| Op Mgn LTM | 18.5% |
| Op Mgn 3Y Avg | 19.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.7% |
| CFO/Rev 3Y Avg | 27.2% |
| FCF/Rev LTM | 21.4% |
| FCF/Rev 3Y Avg | 21.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 50.2 |
| P/S | 4.0 |
| P/Op Inc | 20.6 |
| P/EBIT | 21.5 |
| P/E | 31.6 |
| P/CFO | 17.8 |
| Total Yield | 4.1% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 3.4% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.9% |
| 3M Rtn | -10.7% |
| 6M Rtn | -20.4% |
| 12M Rtn | -15.3% |
| 3Y Rtn | 16.9% |
| 1M Excs Rtn | -14.1% |
| 3M Excs Rtn | -19.1% |
| 6M Excs Rtn | -27.2% |
| 12M Excs Rtn | -38.2% |
| 3Y Excs Rtn | -61.1% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Application Software | 23,601 | 20,351 | 18,723 | 14,280 | 14,544 |
| Network Software | 5,348 | 5,364 | 5,467 | 5,631 | 5,887 |
| Technology Enabled Products | 1,498 | 1,486 | 1,503 | 1,407 | 500 |
| Corporate | 967 | 1,287 | 513 | 427 | |
| Assets held for sale | 1,883 | 846 | |||
| Measurement & Analytical Solutions | 1,820 | ||||
| Total | 30,447 | 28,168 | 26,981 | 23,714 | 24,025 |
Price Behavior
Price Behavior
| Market Price | $320.90 | |
| Market Cap ($ Bil) | 34.4 | |
| First Trading Date | 02/13/1992 | |
| Distance from 52W High | -44.5% | |
| 50 Days | 200 Days | |
| DMA Price | $350.94 | $427.33 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -8.6% | -24.9% |
| 3M | 1YR | |
| Volatility | 23.8% | 23.9% |
| Downside Capture | 2.67 | 76.89 |
| Upside Capture | 2.18 | -14.22 |
| Correlation (SPY) | 1.5% | 18.8% |
ROP Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.07 | 0.09 | 0.46 | 0.41 | 0.43 | 0.66 |
| Up Beta | -0.05 | -0.14 | 0.22 | 0.35 | 0.41 | 0.67 |
| Down Beta | -4.38 | -0.16 | 0.53 | 0.46 | 0.59 | 0.73 |
| Up Capture | 17% | 24% | 44% | 7% | 2% | 19% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 25 | 37 | 69 | 130 | 401 |
| Down Capture | 157% | 27% | 65% | 75% | 83% | 90% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 18 | 27 | 56 | 122 | 350 |
[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 | -43.0% | 23.9% | -2.39 | - |
| Sector ETF (XLK) | 51.7% | 20.5% | 1.93 | 7.6% |
| Equity (SPY) | 27.4% | 12.1% | 1.71 | 19.1% |
| Gold (GLD) | 42.5% | 26.8% | 1.30 | -13.8% |
| Commodities (DBC) | 45.4% | 18.5% | 1.88 | -9.5% |
| Real Estate (VNQ) | 11.5% | 13.5% | 0.56 | 20.4% |
| Bitcoin (BTCUSD) | -23.7% | 41.8% | -0.54 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ROP | |
|---|---|---|---|---|
| ROP | -5.7% | 21.1% | -0.34 | - |
| Sector ETF (XLK) | 22.0% | 24.8% | 0.78 | 50.2% |
| Equity (SPY) | 13.6% | 17.1% | 0.63 | 58.4% |
| Gold (GLD) | 19.4% | 17.9% | 0.88 | 4.4% |
| Commodities (DBC) | 10.9% | 19.4% | 0.45 | 6.6% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.06 | 51.2% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 20.7% |
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 | 6.8% | 23.3% | 0.28 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 58.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 67.0% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 0.7% |
| Commodities (DBC) | 8.3% | 17.9% | 0.38 | 18.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 53.3% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 12.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | -0.3% | -2.4% | |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 13 |
| # Negative | 13 | 10 | 10 |
| Median Positive | 2.8% | 2.5% | 3.1% |
| Median Negative | -2.5% | -4.8% | -3.7% |
| Max Positive | 5.1% | 9.4% | 14.7% |
| Max Negative | -9.6% | -12.3% | -15.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Adjusted DEPS | 5.25 | 5.28 | 5.3 | 6.0% | Higher New | Actual: 4.97 for Q1 2026 | |
| 2026 Adjusted DEPS | 21.8 | 21.9 | 22.1 | 2.3% | Raised | Guidance: 21.4 for 2026 | |
Prior: Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 EPS | 4.95 | 4.97 | 5 | -3.1% | Lower New | Guidance: 5.13 for Q4 2025 | |
| 2026 EPS | 21.3 | 21.4 | 21.6 | 7.5% | Higher New | Guidance: 19.9 for 2025 | |
| 2026 Revenue Growth | 5.0% | 5.5% | 6.0% | -8.3% | -0.5% | Lower New | Guidance: 6.0% for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Joyce, Thomas Patrick JR | Spousal Trust | Buy | 2062026 | 358.46 | 1,400 | 501,844 | 501,844 | Form | |
| 2 | Conley, Jason | EVP, Chief Financial Officer | Direct | Sell | 12022025 | 445.56 | 6,000 | 2,673,390 | 14,045,100 | Form |
| 3 | Brinkley, Amy Woods | Direct | Buy | 11122025 | 450.71 | 1,200 | 540,856 | 8,195,765 | Form | |
| 4 | Hunn, Laurence Neil | President and CEO | Direct | Buy | 11122025 | 452.23 | 10,000 | 4,522,310 | 44,007,051 | Form |
| 5 | Hunn, Laurence Neil | President and CEO | Direct | Sell | 11122025 | 443.57 | 30,000 | 13,307,176 | 38,728,762 | Form |
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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