# Roper Technologies, Inc. (ROP)

> Source: Nexqual · https://nexqual.com/ROP · data as of 2026-10-23 17:24 UTC · cite as "Nexqual, Roper Technologies, Inc. (ROP), nexqual.com/ROP" · informational, not investment advice.

**Price:** USD 435.2 (-0.24% today) · US market open, as of October 23, 2026 at 17:24 UTC; quotes may be delayed. Prev close 436.23 · day 433.54–444.77 · 52w 305.96–483.36 · market cap $43.0B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $8.28B, net income $2.50B (30.2% margin) (SEC filings).
- Valuation: P/E 17.2x (avg 36.6x at the last 3 fiscal year-ends), EV/EBITDA 16.8x, net debt $11.0B.
- 4 of 80 tracked superinvestors hold ROP (13F, Q2 2026): 1 new, 2 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $3.1M; 2 not under a Rule 10b5-1 plan ($3.1M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.79 on a 1–5 scale) (19 analysts), mean target USD 446.43 (range 335–550).
- Total return with dividends: 1Y -8.4% vs S&P 500 +14.4%; 5Y -7.8% vs S&P 500 +77.0%.
- Next earnings: 2026-10-22, EPS estimate USD 5.94, revenue estimate $2.19B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.83B | $5.37B | $6.18B | $7.04B | $7.90B | $8.28B |
| Gross profit | $3.41B | $3.75B | $4.31B | $4.88B | $5.47B | — |
| Operating income | $1.24B | $1.52B | $1.75B | $2.00B | $2.24B | $2.32B |
| Net income | $1.15B | $4.54B | $1.38B | $1.55B | $1.54B | $2.50B |
| EPS (diluted) | $10.82 | $42.55 | $12.89 | $14.35 | $14.20 | — |
| Gross margin | 70.5% | 69.9% | 69.7% | 69.3% | 69.2% | — |
| Operating margin | 25.7% | 28.4% | 28.2% | 28.4% | 28.3% | 28.0% |
| Net margin | 23.8% | 84.6% | 22.4% | 22.0% | 19.4% | 30.2% |
| Revenue growth | +20.2% | +11.1% | +15.0% | +13.9% | +12.3% | — |
| Cash + short-term investments | $352M | $793M | $214M | $188M | $297M | — |
| Total debt | $7.92B | $6.66B | $6.33B | $7.62B | $9.30B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.2x · P/S 5.2x · EV/EBITDA 16.8x · EV/Sales 6.5x · P/B 2.3x · Earnings yield 5.82% · Dividend yield (paid, TTM) 0.86% · Net debt $11.0B · EV $54.0B
P/E at fiscal year-ends: Dec 2025 31.4x, Dec 2024 36.2x, Dec 2023 42.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold ROP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chuck Akre | Akre Capital Management | 7.80% | $398M | Reduced -6.4% |
| Ruane Cunniff | Ruane Cunniff LP | 3.55% | $228M | New position |
| Dodge & Cox Funds | Dodge & Cox | 1.25% | $2.39B | Added +111.2% |
| Bill Nygren | Oakmark Funds | 0.89% | $668M | Added +14.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-27 | Stipancich John K | EVP, Chief Legal Officer & Sec | 2,000 | $758K | 5.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-24 | Wallman Richard F | Director | 6,434 | $2.3M | 46.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.79 on a 1–5 scale), 19 analysts; mean target USD 446.43 (low 335, high 550).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-23 | RBC Capital | Target raised | Sector Perform | $417 → $450 |
| 2026-08-18 | RBC Capital | Reiterated | Sector Perform | $417 |
| 2026-08-06 | Argus Research | Upgrade | Hold → Buy | $450 |
| 2026-07-29 | JP Morgan | Target raised | Underweight | $397 → $415 |
| 2026-07-24 | RBC Capital | Target raised | Sector Perform | $407 → $417 |
| 2026-07-24 | Piper Sandler | Target lowered | Overweight | $540 → $526 |
| 2026-07-10 | BMO Capital | Initiated | Market Perform | $393 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -8.4% | -7.8% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -8.5% | -1.6% |
| Volatility (annualized) | 31.0% | 23.1% |
| Max drawdown | -34.1% (Oct 2025→Feb 2026) | -45.0% (Mar 2025→Feb 2026) |

## Peers (Software - Application)
PAYX (Paychex, Inc.) USD 117.67 -0.96% · WDAY (Workday, Inc.) USD 209.53 -0.22% · ADSK (Autodesk, Inc.) USD 252.46 -0.98% · TEAM (Atlassian Corporation) USD 224.26 +0.49% · MSTR (Strategy Inc) USD 150.55 +3.26% · BSP (Bending Spoons S.p.A.) USD 44.48 -2.65%

## More
Full page: https://nexqual.com/ROP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ROP's own 10-K filed 2026-02-24 (https://www.sec.gov/Archives/edgar/data/882835/000088283526000009/rop-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | "We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems." |
| Supplier | Microsoft (MSFT) | "We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems." |
| Supplier | Amazon (AMZN) | "We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems." |
| Supplier | Oracle (ORCL) | "We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems." |
| Supplier | OpenAI | "We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft." |
| Supplier | Anthropic | "We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Application Software | $1.18B | 56.0% | +7.8% |
| Technology Enabled Products | $497.2M | 23.6% | +7.3% |
| Network Software | $430.9M | 20.4% | +11.8% |
| Total revenue | $2.11B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Total Software Revenue | $1.18B | 56.0% | +7.8% |
| — Recurring (part of Total Software Revenue) | $887.8M | 42.1% | +10.1% |
| — Non-recurring (part of Total Software Revenue) | $175.4M | 8.3% | +1.9% |
| — Reoccurring (part of Total Software Revenue) | $117.6M | 5.6% | +0.7% |
| Total revenue | $2.11B | 100% | — |
The lines above cover 56% of total revenue.

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $6.87B | 87.0% | +13.4% |
| Europe | $541.4M | 6.9% | +9.4% |
| Canada | $291.7M | 3.7% | +1.2% |
| Rest Of World | $125.5M | 1.6% | +6.0% |
| Asia | $71.1M | 0.9% | -4.0% |
| Total revenue | $7.90B | 100% | — |

## Company outlook (8-K filed 2026-10-22)

- "EX-99.1 2 a2026q3earningsrelease.htm EX-99.1 Document Roper Technologies announces third quarter financial results Increases full year DEPS guidance Sarasota, Florida, October 22, 2026 ..."
- "Increasing 2026 guidance Roper now expects full year 2026 adjusted DEPS of $22.35 - $22.40, compared to previous guidance of $22.15 - $22.30."
- "For the fourth quarter of 2026, the Company expects adjusted DEPS of $5.95 - $6.00."
- "The Company's guidance excludes the impact of unannounced future acquisitions or divestitures, proceeds from Indicor's pending divestiture of its Cornell Pump and Roper Pump businesses, as well as potential share repurchases. 1 Conference call to be held at 8:00 AM (ET) today A conference call to discuss these results has been scheduled for 8:00 AM ET on Thursday, October 22, 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $5.94 | $5.91 | +0.5% | $2.19B | 15 |
| Next quarter (ends 2027-03-31) | $5.91 | $5.85 | +1.1% | $2.22B | 11 |
| Current fiscal year (ends 2026-12-31) | $22.32 | $22.21 | +0.5% | $8.57B | 17 |
| Next fiscal year (ends 2027-12-31) | $24.55 | $24.14 | +1.7% | $9.10B | 18 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 29.1% | ±6.5% |
| 2026-12-18 | 56 | 29.6% | ±9.3% |
| 2027-02-19 | 119 | 31.1% | ±14.2% |
| 2027-05-21 | 210 | 31.2% | ±18.9% |