Roper Technologies, Inc. (ROP) financials

NASDAQ · Technology · Software - Application · 19,400 employees · CEO Laurence Neil Hunn

Price: $479.54 +2.77%
Market cap: $47.4B
Enterprise value: $56.8B
Last report: Q3 '26 filed 2026-11-02
Next report: 2027-01-26 EPS est. $5.98

Revenue (TTM)$8.43B+9.2% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)28.0%-0.1 pp vs a year agoOperating income $2.37B

Net income (TTM)$2.59B+65.0% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$2.56B+4.0% vs a year agoCapex $61.1M

Diluted EPS (TTM)$25.20+73.7% vs a year agoSum of the last 4 quarters

Net cash-$9.41B-3.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $47.4B
Revenue: $8.43B
Revenue growth: +8%
Profit margin: 30.7%
P/E: 19.0×
P/S: 5.6×
EV / EBITDA: 13.0×
Free cash flow: $2.56B
Net income: $2.59B
Revenue estimate: $8.57B
Earnings: 2027-01-26
Dividend: $3.64

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-22): revenue in line, EPS beat by 1.7%Revenue $2.17B vs $2.17B expected (-0.1%); EPS $5.89 vs $5.79 (+1.7%).
Revenue growth slowing: 7.6% year on yearQ3 '26 revenue $2.17B, against an average of 10.9% over the four quarters before.
Operating margin 28.0% (TTM), -0.1 pp on a year agoOperating income grew 8.9% while revenue grew 9.2%.
22.4% of pre-tax profit is non-operatingPre-tax income $3.05B vs operating income $2.37B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
Capex 0.7% of revenue (a year ago 0.8%)$61.1M invested in the last 4 quarters (-5.1% on a year earlier). Free cash flow $2.56B = 98.8% of net income.
Returned $3.6B to shareholders = 140.6% of free cash flowBuybacks $3.23B (a year earlier $0), dividends $370M, stock-based pay $202M (TTM). More than the free cash flow: paid from cash or debt.
Diluted share count down 8.2% in a year99.4M diluted shares in Q3 '26, 108M a year earlier.
Net debt $9.41BCash + short-term investments $311M, debt incl. leases $9.72B; a year ago net debt $9.13B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$2.17B	$2.02B	+7.6%
Gross margin	70.1%	69.5%	+0.6 pp
Operating income	$623M	$573M	+8.8%
Operating margin	28.7%	28.4%	+0.3 pp
Net income	$485M	$399M	+21.6%
Diluted EPS	$4.88	$3.68	+32.6%
Operating cash flow	$821M	$870M	-5.6%
Capex	$26M	$11.6M	+124.1%
Free cash flow	$795M	$858M	-7.4%
R&D	$0	$0	–
Stock-based compensation	$55.7M	$46M	+21.1%

Reported vs consensus

2026-10-22

	Actual	Consensus	vs consensus
Revenue	$2.17B	$2.17B	-0.1%
EPS (as estimated)	$5.89	$5.79	+1.7%

From the report of 2026-10-22 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Software And Related Services	$3.4B	+7.2%	100.0%	–	–
Application Software	–	–	–	–	–
Technology Enabled Products	–	–	–	–	–
Network Software	–	–	–	–	–

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $2.62B
Capex: -$61.1M
Buybacks: -$3.23B
Dividends: -$370M
Acquisitions: -$473M
Net debt issued: $240M
Stock-based compensation: $202M
Free cash flow: $2.56B
Returned to shareholders / FCF: 140.6%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	19.0×	39.1×	31.1× – 47.2×
EV / EBITDA	13.0×	23.8×	18.0× – 31.6×
EV / Sales	6.7×	9.7×	7.2× – 12.3×
Price / FCF	18.5×	33.7×	19.1× – 68.9×
Price / Book	2.5×	3.2×	2.4× – 4.5×
FCF yield	5.4%	3.6%	1.5% – 5.2%
Return on invested capital	6.4%	5.2%	4.7% – 5.6%
Return on equity	13.5%	8.1%	7.4% – 9.5%

Analysts

Consensus target $470.38 (-1.9%)
range $355.00 – $540.00 · rating Buy

Strong buy1

Buy13

Hold7

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$8.57B	+8.4%	$22.39	+57.7%	21.4×	11
FY2027	$9.09B	+6.1%	$24.61	+9.9%	19.5×	11
FY2028	$9.61B	+5.7%	$26.64	+8.2%	18.0×	4
FY2029	$10.2B	+6.3%	$31.50	+18.2%	15.2×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 266 figures Roper Technologies, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	$9.1M	$9.4M	-3.2%	–	–	–
Accounts Payable	$176M	$167M	+5.3%	$150M	$148M	+1.5%
Accounts Receivable, after Allowance for Credit Loss, Current	$981M	$910M	+7.8%	$1B	$885M	+13.1%
Accrued Income Taxes, Current	$212M	$35.8M	+490.8%	$28M	$68.4M	-59.1%
Accrued Liabilities, Current	$590M	$538M	+9.7%	$642M	$546M	+17.6%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$286M2025-12-31	$278M	+3.0%	$286M	$278M	+3.0%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$138M	-$110M	-25.6%	-$101M	-$167M	+39.1%
Additional Paid in Capital	$3.47B	$3.24B	+7.1%	$3.29B	$3.01B	+9.2%
Amortization of Debt Issuance Costs	$3M	$3.1M	-3.2%	$11.8M	$9.8M	+20.4%
Amortization of Intangible Assets	$225M	$221M	+2.1%	$858M	$776M	+10.7%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2M	823K	+143.5%	841K	419K	+100.7%
Assets	$34.3B	$34.6B	-0.7%	$34.6B	$31.3B	+10.3%
Assets, Current	$1.95B	$1.8B	+7.9%	$1.93B	$1.54B	+25.0%
Business Combination, Consideration Transferred	$464M	–	–	$2.39B2019-12-31	–	–
Capitalized Computer Software, Additions	$15.9M	$16M	-0.6%	$57.3M	$45M	+27.3%
Capitalized Computer Software, Net	$131M2025-12-31	$117M	+12.1%	$131M	$117M	+12.1%
Capitalized Contract Cost, Amortization	–	–	–	$36.7M	$32.2M	+14.0%
Capitalized Contract Cost, Net	$122M	$102M	+19.8%	$42.5M2020-12-31	$31.4M	+35.4%
Cash and Cash Equivalents, at Carrying Value	$311M	$320M	-2.8%	$297M	$188M	+58.0%
Cash Equivalents, at Carrying Value	$41M2025-12-31	$900K	+4,455.6%	$41M	$900K	+4,455.6%
Cash Provided by (Used in) Operating Activities, Discontinued Operations	–	–	–	$0	$0	–
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$311M	$320M	-2.8%	$297M	$188M	+58.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$53.9M	$77.6M	-169.5%	$109M	-$26.1M	+518.4%
Common Stock, Dividends, Per Share, Declared	$0.91	$0.83	+10.3%	$3.39	$3.08	+10.1%
Common Stock, Par or Stated Value Per Share	$0.012025-12-31	$0.01	0.0%	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	350M	–	–	350M	350M	0.0%
Common Stock, Shares, Issued	110M	–	–	109M	109M	+0.4%
Common Stock, Shares, Outstanding	99M	–	–	107M	107M	-0.7%
Common Stock, Value, Issued	$1.1M	$1.1M	0.0%	$1.1M	$1.1M	0.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$482M	$393M	+22.8%	$1.6B	$1.51B	+6.4%
Contract with Customer, Liability, Current	$1.89B	$1.81B	+4.4%	$1.91B	$1.74B	+9.8%
Contract with Customer, Liability, Noncurrent	$167M	$169M	-1.3%	$171M	$155M	+10.4%
Contract with Customer, Liability, Revenue Recognized	$286M	$270M	+6.0%	$1.72B2024-12-31	$1.55B	+11.0%
Cost of Revenue	$649M	$615M	+5.6%	$2.43B	$2.16B	+12.5%
Current Federal Tax Expense (Benefit)	–	–	–	$67.7M	$318M	-78.7%
Current Foreign Tax Expense (Benefit)	–	–	–	$91M	$78M	+16.7%
Current State and Local Tax Expense (Benefit)	–	–	–	$70.4M	$102M	-30.8%
Customer Refund Liability, Current	$104M2025-12-31	$92.2M	+12.4%	$104M	$92.2M	+12.4%
Deferred Compensation Cash-based Arrangements, Liability, Current	$289M	$275M	+5.1%	$293M	$289M	+1.4%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$189M	-$42.8M	+540.4%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$9.5M	-$20.9M	+54.5%
Deferred Income Tax Assets, Net	$69M	$54.8M	+25.9%	$73.3M	$54.1M	+35.5%
Deferred Income Tax Liabilities, Net	$1.79B	$1.82B	-2.0%	$1.88B	$1.63B	+15.5%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$8.3M	-$15.9M	+47.8%
Deferred Tax Asset, Interest Carryforward	$49.3M2025-12-31	$49.3M	0.0%	$49.3M	$49.3M	0.0%
Deferred Tax Assets, Net of Valuation Allowance	$629M2025-12-31	$713M	-11.7%	$629M	$713M	-11.7%
Deferred Tax Assets, Operating Loss Carryforwards	$105M2025-12-31	$94.6M	+10.5%	$105M	$94.6M	+10.5%
Deferred Tax Assets, Tax Credit Carryforwards, Research	$17.1M2025-12-31	$12.6M	+35.7%	$17.1M	$12.6M	+35.7%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals	$250M2025-12-31	$244M	+2.8%	$250M	$244M	+2.8%
Deferred Tax Assets, Valuation Allowance	$10.9M2025-12-31	$8.9M	+22.5%	$10.9M	$8.9M	+22.5%
Deferred Tax Liabilities, Intangible Assets	$2.11B2025-12-31	$1.99B	+6.3%	$2.11B	$1.99B	+6.3%
Deferred Tax Liabilities, Net	$2.44B2025-12-31	$2.29B	+6.5%	$2.44B	$2.29B	+6.5%
Deferred Tax Liabilities, Parent's Basis in Discontinued Operation	$242M2025-12-31	$221M	+9.2%	$242M	$221M	+9.2%
Deferred Tax Liabilities, Property, Plant and Equipment	$14.7M2025-12-31	$11.8M	+24.6%	$14.7M	$11.8M	+24.6%
Deferred Tax Liabilities, Undistributed Foreign Earnings	$12.6M2025-12-31	$9.7M	+29.9%	$12.6M	$9.7M	+29.9%
Defined Contribution Plan, Cost	–	–	–	$51.9M	$44.2M	+17.4%
Depreciation	$10.3M	$10.3M	0.0%	$39.8M	$37.1M	+7.3%
Depreciation, Depletion and Amortization	–	–	–	$898M	$813M	+10.5%
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	–	–	–	$0	$0	–
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	–	–	–	$0	$0	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-03