Information Technology · Electronic Equipment & Instruments · US stock · price as of 22 Oct 2026
Key indicators
Price
$436.23
52-week range
$305.96 – $519.10
Market cap
$43.9B
P/E (trailing)
18.4×
EV / EBITDA
23.7×
Free-cash-flow yield
6.1%
Dividend yield
0.8%
Revenue (last 12 months)
$8.3B
Revenue growth (3y a year)
13.7%
Operating margin
28.0%
Return on invested capital
6.6%
Net debt / EBITDA
4.7×
Fair value
Fair value (average of valid models)$460.92 middle half of models $346 – $553
Versus priceFair+6% to fair value
P/E multiple
$493.60
P/B multiple
$539.12
P/S multiple
$534.14
EV/EBITDA multiple
$469.01
EV/EBIT multiple
$553.51
EV/revenue multiple
$491.44
10-year DCF, EBITDA exit
$578.30
5-year DCF, EBITDA exit
$578.21
10-year DCF, revenue exit
$550.35
5-year DCF, revenue exit
$561.71
10-year DCF, growth exit
$305.04
5-year DCF, growth exit
$267.07
Dividend discount, multi-stage
$235.50
Earnings power value
$295.81
Model uncertainty
Medium
X-Ray Score
45/ 100 · Medium confidence · ahead of 35% of sector peers
Valuation68
Growth49
Profitability37
Financial health17
Dividends59
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Roper Technologies is a diversified technology company that owns and manages a portfolio of businesses, most of them software. Its software units supply specialised applications for markets such as legal services, government contractors, construction, freight and health care, and it also owns technology-enabled product businesses, including water meters. Operations are grouped into application software, network software and technology enabled products segments, with customers in many niche industries.
The company earns money from recurring software subscriptions and maintenance, network fees, and its technology products. Revenue was $8.3 billion over the last twelve months, with growth of 13.7% a year across the last three years. The operating margin is 28.0%, and the business earns a profit of 7% on the capital invested in it. Net debt is 4.7 times EBITDA. It pays a dividend with a yield of 0.8%.
StocksXray gives Roper Technologies Inc an X-Ray Score of 45 out of 100 (medium confidence), ahead of 35% of the S&P 500 stocks in its sector. Its strongest lens is valuation (68) and its weakest is financial health (17).
Our fair value (the average of the valid models) is $460.92 (range $346.03 to $552.72). At $436.23 the stock trades 5% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Roper Technologies Inc (ROP)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$475.88
$420.47
$533.69
$511.73
$440.88
$436.23
Market cap
$50.7B
$44.9B
$57.3B
$55.3B
$47.7B
$43.9B
P/E
44.0×
9.9×
41.4×
35.7×
31.0×
18.4×
EV / revenue
12.1×
9.5×
10.3×
8.9×
7.2×
6.6×
EV / EBITDA
31.4×
23.3×
25.4×
22.3×
18.1×
23.7×
Price / free cash flow
25.2×
61.1×
28.2×
23.1×
18.8×
16.4×
Free-cash-flow yield
4.0%
1.6%
3.6%
4.3%
5.3%
6.1%
Price / book
4.4×
2.8×
3.3×
2.9×
2.4×
2.3×
Dividend yield
0.49%
0.60%
0.52%
0.60%
0.77%
0.83%
Fundamentals checklist ● 3 Good · ● 3 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−0.5%Bad
Risk models
Altman Z score3.1×Average
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)−30.6%Bad
Revenue growth (3y)13.7%Good
Growth consistency100%Good
Balance sheet
Current ratio0.6×Bad
Net debt / EBITDA4.7×Bad
Interest cover5.9×Bad
Valuation
Fair value vs price1.1×Good
EBIT / EV yield4.2%Average
Profitability
Return on invested capital6.6%Bad
Operating margin28.0%Average
Gross profitability16.4%Bad
XStocksXray
Roper Technologies Inc (ROP)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
4,834
5,372
6,178
7,039
7,903
8,280
Gross profit
3,408
3,753
4,307
4,878
5,472
5,757
Operating income
1,241
1,525
1,745
1,997
2,235
2,316
Net income
1,153
4,545
1,384
1,549
1,536
2,504
Diluted EPS ($)
10.82
42.55
12.89
14.35
14.20
23.75
Free cash flow
2,012
735
2,035
2,393
2,540
2,669
Gross margin
70.5%
69.9%
69.7%
69.3%
69.2%
69.5%
Operating margin
25.7%
28.4%
28.2%
28.4%
28.3%
28.0%
Net margin
23.9%
84.6%
22.4%
22.0%
19.4%
30.2%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
23,714
26,981
28,168
31,335
34,577
35,170
Cash
352
793
214
188
297
365
Total debt
7,922
6,662
6,330
7,623
9,301
11,319
Equity
11,564
16,038
17,445
18,868
19,882
18,700
Dividend per share ($)
2.31
2.54
2.80
3.08
3.39
3.56
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
