ROPER TECHNOLOGIES INC
$479.98
+2.11 (+0.44%) · delayed · Nov 13, 2026
Five-year price
52w $305.96 to $507.24
- Market cap
- $47.5B
- Enterprise value
- $56.5B
- P/E
- 33.8×
- 34.7× on 3y avg EPS
- EV / EBIT
- 25.3×
- FCF yield
- 5.3%
- ROIC
- 6.1%
- Debt / equity
- 0.47
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- ○ROIC > 12% (5y avg)5y avg ROIC 5.7%
- ○ROE > 15% (5y avg)5y avg ROE 12.4%
- ●Stable operating marginsMargin volatility 1.1% (σ, 5y)
- ●Earnings convert to cashFCF / net income 132% (5y avg)
- ●Growing revenueRevenue CAGR 5y 14.5%
- ○Shrinking share countDiluted shares 2.4% over 5y
Value
20
- ○P/E below 15P/E 33.8
- ○EV/EBIT below 12EV/EBIT 25.3
- ○FCF yield above 6%FCF yield 5.3%
- ○Price below Graham NumberGraham Number $253.26
- ●P/B below 3P/B 2.4
Safety
40
- ●Debt / equity below 0.5D/E 0.47
- ○Debt payable in < 4 yrs of earningsNet debt $9.0B
- ○Interest coverage > 8xCoverage 6.9x
- ○Current ratio > 1.5Current ratio 0.52
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $7.9B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.52
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 67%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 34.7
- ○P/E × P/B ≤ 22.5Product 83.1
Valuation lab
What do you have to believe?
At $479.98, the market is pricing in about 7.1% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $9.0B · 99M shares · 5y revenue CAGR 14.5%
Intrinsic value
$873.49
Price
$479.98
Margin of safety
45%
What the price implies
The market is paying for 7.1% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
66% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,790 | 4,608 | 5,191 | 4,728 | 4,022 | 4,834 | 5,372 | 6,178 | 7,039 | 7,903 |
| Gross profit | 2,332 | 2,865 | 3,280 | 3,140 | 2,828 | 3,408 | 3,753 | 4,307 | 4,878 | 5,472 |
| Operating income | 1,055 | 1,210 | 1,396 | 1,328 | 1,083 | 1,241 | 1,525 | 1,745 | 1,997 | 2,235 |
| Operating margin | 27.8% | 26.3% | 26.9% | 28.1% | 26.9% | 25.7% | 28.4% | 28.2% | 28.4% | 28.3% |
| Pre-tax income | 941 | 1,035 | 1,198 | 2,057 | 861 | 1,032 | 1,282 | 1,743 | 1,967 | 1,936 |
| Income tax | 282 | 63 | 254 | 417 | 188 | 227 | 296 | 375 | 418 | 400 |
| Net income | 659 | 972 | 944 | 1,768 | 950 | 1,153 | 4,545 | 1,384 | 1,549 | 1,536 |
| EPS (diluted) | 6.43 | 9.39 | 9.05 | 16.82 | 8.98 | 10.82 | 42.55 | 12.89 | 14.35 | 14.20 |
| Diluted shares | 103 | 104 | 104 | 105 | 106 | 107 | 107 | 107 | 108 | 108 |
Who owns it