Upside case
Bull case
$608+73.5%
ROP would need investors to value it at roughly 28x earnings — about 12x more generous than today's 16x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Roper Technologies, Inc. (ROP) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
23
analysts
13 bullish · 3 bearish · 23 covering ROP
Strong Buy
1
Buy
12
Hold
7
Sell
3
Strong Sell
0
Consensus Target
$458
+30.7% vs today
Scenario Range
$360 – $608
Model bear to bull value window
Coverage
23
Published analyst ratings
Valuation Context
16.0x
Forward P/E · Market cap $36.1B
ROP price targets
Three scenarios for where ROP stock could go
Current
~$350
Confidence
70 / 100
Updated
May 1, 2026
Where we are now
Current · $350
Bear
$360
Base
$536
Bull
$608
Market caseClosest to today
Base case
$536+53.1%
At 24x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$360+2.9%
The bear case assumes sentiment or fundamentals disappoint enough to push ROP down roughly 3% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Roper Technologies, Inc.
ROP · NASDAQIndustrialsIndustrial - MachineryDecember year-end
Roper Technologies is a diversified technology company that develops niche software applications and engineered products for specialized industrial and business markets. It generates revenue primarily through recurring software subscriptions—which account for over 80% of sales—and sales of its proprietary industrial equipment and instruments. The company's competitive advantage lies in its portfolio of market-leading, mission-critical software solutions that create high switching costs and generate predictable recurring revenue.
Market Cap
$36.1B
Revenue TTM
$8.1B
Net Income TTM
$1.7B
Net Margin
21.1%
ROP Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+1.6%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$4.87/$4.83
Revenue
$1.9B/$1.9B
Q4 2025
EPS
$5.14/$5.11
Revenue
$2.0B/$2.0B
Q1 2026
EPS
$5.21/$5.14
Revenue
$2.1B/$2.1B
Q2 2026
EPS
$5.16/$4.99
Revenue
$2.1B/$2.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $4.87/$4.83 | +0.8% | $1.9B/$1.9B | +0.8% |
| Q4 2025 | $5.14/$5.11 | +0.6% | $2.0B/$2.0B | -0.3% |
| Q1 2026 | $5.21/$5.14 | +1.4% | $2.1B/$2.1B | -1.1% |
| Q2 2026 | $5.16/$4.99 | +3.4% | $2.1B/$2.1B | +1.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.9B
+9.7% YoY
FY2
$9.9B
+11.2% YoY
EPS Outlook
FY1
$19.83
+21.0% YoY
FY2
$21.75
+9.6% YoY
Trailing FCF (TTM)$2.6B
FCF Margin: 31.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
ROP beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
ROP Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $12.3B
Product Mix
Latest annual revenue by segment or product family
Software And Related Services
100.0%
+14.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
87.0%
+13.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Software And Related Services is the largest disclosed segment at 100.0% of FY 2025 revenue, up 14.2% YoY.
UNITED STATES is the largest reported region at 87.0%, up 13.4% YoY.
ROP Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $566 — implies +57.9% from today's price.
Upside to Fair Value
57.9%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
ROP
24.7x
vs
S&P 500
25.2x
In line with benchmark
vs Industrials Trailing P/E
ROP
24.7x
vs
Industrials
25.9x
In line with benchmark
vs ROP 5Y Avg P/E
Today
24.7x
vs
5Y Average
39.4x
37% discount
Forward PE
16.0x
S&P 500
19.1x
-16%
Industrials
20.8x
-23%
5Y Avg
—
—
Trailing PE
24.7x
S&P 500
25.2x
-2%
Industrials
25.9x
-5%
5Y Avg
39.4x
-37%
PEG Ratio
2.57x
S&P 500
1.75x
+47%
Industrials
1.59x
+62%
5Y Avg
—
—
EV/EBITDA
14.5x
S&P 500
15.3x
-5%
Industrials
13.9x
+4%
5Y Avg
24.3x
-40%
Price/FCF
14.5x
S&P 500
21.3x
-32%
Industrials
20.6x
-30%
5Y Avg
34.0x
-57%
Price/Sales
4.6x
S&P 500
3.1x
+46%
Industrials
1.6x
+187%
5Y Avg
8.6x
-47%
Dividend Yield
0.94%
S&P 500
1.88%
-50%
Industrials
1.24%
-24%
5Y Avg
0.57%
+66%
| Metric | ROP | S&P 500 | Industrials | 5Y Avg ROP |
|---|---|---|---|---|
| Forward PE | 16.0x | 19.1x-16% | 20.8x-23% | — |
| Trailing PE | 24.7x | 25.2x | 25.9x | 39.4x-37% |
| PEG Ratio | 2.57x | 1.75x+47% | 1.59x+62% | — |
| EV/EBITDA | 14.5x | 15.3x | 13.9x | 24.3x-40% |
| Price/FCF | 14.5x | 21.3x-32% | 20.6x-30% | 34.0x-57% |
| Price/Sales | 4.6x | 3.1x+46% | 1.6x+187% | 8.6x-47% |
| Dividend Yield | 0.94% | 1.88% | 1.24% | 0.57% |
ROP trades above S&P 500 benchmarks on 2 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolROP Financial Health
Verdict
Strong
ROP generates $2.6B in free cash flow at a 31.4% margin — returns 2.3% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$8.1B
Revenue Growth
TTM vs prior year
+12.1%
Gross Margin
Gross profit as a share of revenue
69.4%
Operating Margin
Operating income divided by revenue
28.1%
Net Margin
Net income divided by revenue
21.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$16.39
Free Cash Flow (TTM)
Cash generation after capex
$2.6B
FCF Margin
FCF as share of revenue — the primary cash quality signal
31.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.1%
ROA
Return on assets, trailing twelve months
5.0%
Cash & Equivalents
Liquid assets on the balance sheet
$297M
Net Debt
Total debt minus cash
$9.0B
Debt Serviceability
Net debt as a multiple of annual free cash flow
3.5× FCF
~3.5 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
8.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.3%
Dividend
0.9%
Buyback
1.4%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$500M
Dividend / Share
Annualized trailing dividend per share
$3.29
Payout Ratio
Share of earnings distributed as dividends
23.1%
Shares Outstanding
Declining as buybacks retire shares
103M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageROP Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Organic Growth Shortfall
Roper's base software business has delivered low single‑digit revenue growth, falling short of analyst expectations for high single‑digit expansion. This underperformance could constrain valuation multiples as investors increasingly focus on organic performance.
High Risk
Cybersecurity Threats
As a technology‑centric firm, Roper faces cyber‑attack risks that could disrupt operations, compromise data, and materially impact earnings. A successful breach could lead to regulatory penalties, loss of customer trust, and significant remediation costs.
High Risk
M&A Integration Risk
Roper's growth strategy relies heavily on acquisitions; integration setbacks or underperformance of acquired businesses could erode investor confidence in management's capital allocation. Delays in realizing synergies may also compress earnings and dilute shareholder value.
Medium
Margin Compression Trend
While operating margins have remained stable, gross margins have gradually compressed over the past few years, suggesting that recent acquisitions are contributing lower‑margin revenue. Optimizing these segments will take time and could pressure profitability.
Medium
Debt Accumulation Risk
Roper's total debt has increased, raising concerns if free‑cash‑flow growth does not keep pace. A higher debt‑to‑equity ratio could limit financial flexibility and increase interest‑expense pressure.
Medium
Govt Contract Exposure
Roper's Deltek business is exposed to government contracting; fluctuations in federal budgets and appropriations can introduce uncertainty and potentially impact revenue and cash flow from this segment.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why ROP Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Decentralized, Recurring Revenue Model
Roper’s structure comprises numerous niche-leading businesses, with over 70% generating recurring revenue. This model drives high gross margins and resilience, and more than half of its EBITDA comes from software-related businesses.
Strong EBITDA and Cash Flow Margins
The company consistently reports EBITDA margins around 40% and free cash flow margins above 30%. This robust cash generation fuels strategic acquisitions and share buybacks.
$6B+ Capital Deployment Capacity
Roper has excess free cash flow that can support over $6 billion in M&A and buybacks, enabling disciplined capital allocation toward high-quality, niche-market businesses.
Strategic Acquisitions Fuel Growth
Recent deals such as CentralReach and Subsplash are expected to add significant revenue in expanding vertical markets, reinforcing Roper’s focus on high-retention, application‑specific solutions.
Undervalued Relative to Historical Averages
Despite a recent sell‑off, the stock trades at a discount to its historical averages, and the forward price‑to‑free‑cash‑flow ratio is well below its five‑year average.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
ROP Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$350.26
52W Range Position
13%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$313.86
+11.6% from the low
52-Week High
$584.03
-40.0% from the high
1 Month
-2.76%
3 Month
-3.36%
YTD
-19.4%
1 Year
-38.5%
3Y CAGR
-8.6%
5Y CAGR
-4.7%
10Y CAGR
+7.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
ROP vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
16.0x
vs 22.4x median
-29% below peer median
Revenue Growth
+9.7%
vs +1.8% median
+425% above peer median
Net Margin
21.1%
vs 17.1% median
+23% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
ROP ROP Roper Technologies, Inc. | $36.1B | 16.0x | +9.7% | 21.1% | Buy | +30.7% |
VRS VRSK Verisk Analytics, Inc. | $22.4B | 22.4x | +5.6% | 29.3% | Hold | +35.3% |
MSC MSCI MSCI Inc. | $42.4B | 29.7x | +10.2% | — | Buy | +15.8% |
FTV FTV Fortive Corporation | $18.6B | 20.4x | -9.3% | 11.5% | Hold | +0.4% |
DHR DHR Danaher Corporation | $123.8B | 20.7x | +1.8% | 14.9% | Buy | +41.2% |
ITW ITW Illinois Tool Works Inc. | $75.1B | 23.1x | +1.8% | 19.3% | Hold | +5.0% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
ROP Dividend and Capital Return
ROP returns 2.3% annually — 0.94% through dividends and 1.4% through buybacks.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.3%
Dividend + buyback return per year
Buyback Yield
1.4%
Dividend Yield
0.94%
Payout Ratio
23.1%
How ROP Splits Its Return
Div 0.94%
Buyback 1.4%
Dividend 0.94%Buybacks 1.4%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$3.29
Growth Streak
Consecutive years of dividend increases
12Y
3Y Div CAGR
10.0%
5Y Div CAGR
10.0%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$500M
Estimated Shares Retired
1M
Approx. Share Reduction
1.4%
Shares Outstanding
Current diluted share count from the screening snapshot
103M
At 1.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $1.82 | — | — | — |
| 2025 | $3.30 | +10.0% | 1.0% | 1.8% |
| 2024 | $3.00 | +9.9% | 0.0% | 0.6% |
| 2023 | $2.73 | +10.1% | 0.0% | 0.5% |
| 2022 | $2.48 | +10.2% | 0.0% | 0.6% |
FAQ
7 questionsROP Investor Questions
Common questions answered from live analyst data and company financials.
01Is Roper Technologies, Inc. (ROP) stock a buy or sell in 2026?
Roper Technologies, Inc. (ROP) is rated Buy by Wall Street analysts as of 2026. Of 23 analysts covering the stock, 13 rate it Buy or Strong Buy, 7 rate it Hold, and 3 rate it Sell or Strong Sell. The consensus 12-month price target is $458, implying +30.7% from the current price of $350. The bear case scenario is $360 and the bull case is $608.
02What is the ROP stock price target for 2026?
The Wall Street consensus price target for ROP is $458 based on 23 analyst estimates. The high-end target is $550 (+57.0% from today), and the low-end target is $365 (+4.2%). The base case model target is $536.
03Is Roper Technologies, Inc. (ROP) stock overvalued in 2026?
ROP trades at 16.0x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Roper Technologies, Inc. (ROP) stock in 2026?
The primary risks for ROP in 2026 are: (1) Organic Growth Shortfall — Roper's base software business has delivered low single‑digit revenue growth, falling short of analyst expectations for high single‑digit expansion. (2) Cybersecurity Threats — As a technology‑centric firm, Roper faces cyber‑attack risks that could disrupt operations, compromise data, and materially impact earnings. (3) M&A Integration Risk — Roper's growth strategy relies heavily on acquisitions; integration setbacks or underperformance of acquired businesses could erode investor confidence in management's capital allocation. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Roper Technologies, Inc.'s revenue and earnings forecast?
Analyst consensus estimates ROP will report consensus revenue of $8.9B (+9.7% year-over-year) and EPS of $19.83 (+21.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $9.9B in revenue.
06When does Roper Technologies, Inc. (ROP) report its next earnings?
A confirmed upcoming earnings date for ROP is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Roper Technologies, Inc. generate?
Roper Technologies, Inc. (ROP) generated $2.6B in free cash flow over the trailing twelve months — a free cash flow margin of 31.4%. ROP returns capital to shareholders through dividends (0.9% yield) and share repurchases ($500M TTM).