Revenue growth remains steady at 11.3% as of 2026Q1, supported by structural gross margins that consistently hover near 69.4%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Oct'02 | Oct'01 | Oct'00 | Oct'99 | Oct'98 | Oct'97 | Oct'96 |
|---|
| Sales/Revenue | 8.12B | 7.9B | 7.04B | 6.18B | 5.37B | 4.83B | 4.85B | 5.37B | 5.19B | 4.61B | 3.79B | 3.58B | 3.55B | 3.24B | 2.99B | 2.8B | 2.39B | 2.05B | 2.31B | 2.1B | 1.7B | 1.45B | 969.76M | 657.36M | 627.03M | 586.51M | 503.81M | 407.3M | 389.2M | 298.2M | 225.7M |
| Revenue Growth % | 12.07% | 12.26% | 13.94% | 15% | 11.13% | -0.42% | -9.55% | 3.38% | 12.67% | 21.57% | 5.79% | 0.93% | 9.62% | 8.17% | 7.02% | 17.22% | 16.41% | -11.13% | 9.72% | 23.6% | 16.99% | 49.91% | 47.52% | 4.84% | 6.91% | 16.41% | 23.7% | 4.65% | 30.52% | 32.12% | 28.68% |
| Cost of Goods Sold | 2.48B | 2.43B | 2.16B | 1.87B | 1.62B | 1.43B | 1.58B | 1.94B | 1.91B | 1.74B | 1.46B | 1.42B | 1.45B | 1.36B | 1.32B | 1.28B | 1.11B | 1.01B | 1.12B | 1.04B | 839.41M | 727.32M | 484.46M | 311.22M | 290.71M | 277.54M | 222.69M | 180.8M | 183.8M | 133.4M | 101.8M |
| COGS % of Revenue | - | 30.76% | 30.7% | 30.28% | 30.14% | 29.5% | 32.62% | 36.14% | 36.83% | 37.82% | 38.46% | 39.58% | 40.78% | 41.85% | 44.15% | 45.82% | 46.56% | 49.11% | 48.48% | 49.65% | 49.36% | 50.03% | 49.96% | 47.34% | 46.36% | 47.32% | 44.2% | 44.39% | 47.23% | 44.74% | 45.1% |
| Gross Profit | 5.63B | 5.47B | 4.88B | 4.31B | 3.75B | 3.41B | 3.27B | 3.43B | 3.28B | 2.86B | 2.33B | 2.16B | 2.1B | 1.88B | 1.67B | 1.52B | 1.28B | 1.04B | 1.19B | 1.06B | 861.33M | 726.41M | 485.3M | 346.14M | 336.32M | 308.97M | 281.12M | 226.5M | 205.4M | 164.8M | 123.9M |
| Gross Margin % | 69.4% | 69.24% | 69.3% | 69.72% | 69.86% | 70.5% | 67.38% | 63.86% | 63.17% | 62.18% | 61.54% | 60.42% | 59.22% | 58.15% | 55.85% | 54.18% | 53.44% | 50.89% | 51.52% | 50.35% | 50.64% | 49.97% | 50.04% | 52.66% | 53.64% | 52.68% | 55.8% | 55.61% | 52.77% | 55.26% | 54.9% |
| Gross Profit Growth % | - | 12.17% | 13.26% | 14.77% | 10.13% | 4.18% | -4.56% | 4.5% | 14.48% | 22.83% | 7.75% | 2.99% | 11.63% | 12.63% | 10.3% | 18.86% | 22.24% | -12.22% | 12.27% | 22.88% | 18.57% | 49.68% | 40.2% | 2.92% | 8.85% | 9.91% | 24.12% | 10.27% | 24.64% | 33.01% | 24.15% |
| Operating Expenses | 3.35B | 3.24B | 2.88B | 2.56B | 2.23B | 2.07B | 2B | 1.93B | 1.88B | 1.65B | 1.27B | 1.13B | 1.1B | 1.04B | 907.63M | 855.02M | 760.83M | 647.74M | 702.13M | 620.04M | 523.67M | 461.51M | 312.78M | 238.04M | 221.49M | 210.54M | 192.93M | 148.5M | 139.3M | 103.9M | 76.6M |
| OpEx % of Revenue | - | 40.96% | 40.94% | 41.47% | 41.48% | 42.86% | 41.15% | 35.94% | 36.27% | 35.91% | 33.49% | 31.57% | 30.98% | 32.03% | 30.32% | 30.57% | 31.89% | 31.6% | 30.44% | 29.5% | 30.79% | 31.75% | 32.25% | 36.21% | 35.32% | 35.9% | 38.29% | 36.46% | 35.79% | 34.84% | 33.94% |
| Selling, General & Admin | 3.35B | 3.24B | 2.13B | 1.92B | 1.7B | 1.59B | 1.57B | 1.59B | 1.57B | 1.37B | 1.07B | 966.63M | 951.73M | 891.57M | 781.73M | 752.63M | 658.43M | 564.34M | 614.73M | 552.14M | 465.07M | 408.01M | 274.08M | 238.04M | 221.49M | 210.54M | 170.63M | 132.5M | 124.9M | 92.5M | 68.7M |
| SG&A % of Revenue | - | 40.96% | 30.31% | 31.01% | 31.62% | 32.84% | 32.42% | 29.62% | 30.17% | 29.81% | 28.34% | 26.98% | 26.81% | 27.53% | 26.11% | 26.91% | 27.59% | 27.53% | 26.65% | 26.27% | 27.35% | 28.07% | 28.26% | 36.21% | 35.32% | 35.9% | 33.87% | 32.53% | 32.09% | 31.02% | 30.44% |
| Research & Development | 0 | 0 | 748.1M | 646.1M | 529.8M | 484.8M | 423.6M | 339.1M | 317M | 281.1M | 195.4M | 164.2M | 147.9M | 145.7M | 125.9M | 102.4M | 102.4M | 83.4M | 87.4M | 67.9M | 58.6M | 53.5M | 38.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 10.63% | 10.46% | 9.86% | 10.03% | 8.73% | 6.32% | 6.11% | 6.1% | 5.16% | 4.58% | 4.17% | 4.5% | 4.21% | 3.66% | 4.29% | 4.07% | 3.79% | 3.23% | 3.45% | 3.68% | 3.99% | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.3M | 16M | 14.4M | 11.4M | 7.9M |
| Operating Income | 2.28B | 2.24B | 2B | 1.75B | 1.52B | 1.34B | 1.27B | 1.5B | 1.4B | 1.21B | 1.06B | 1.03B | 1B | 845.66M | 764.09M | 660.54M | 514.29M | 395.4M | 486.16M | 438.35M | 337.65M | 264.9M | 172.52M | 108.1M | 114.83M | 98.43M | 88.2M | 78M | 66.1M | 60.9M | 47.3M |
| Operating Margin % | 28.09% | 28.29% | 28.37% | 28.25% | 28.38% | 27.63% | 26.24% | 27.92% | 26.9% | 26.27% | 28.05% | 28.86% | 28.24% | 26.12% | 25.52% | 23.62% | 21.55% | 19.29% | 21.08% | 20.85% | 19.85% | 18.22% | 17.79% | 16.44% | 18.31% | 16.78% | 17.51% | 19.15% | 16.98% | 20.42% | 20.96% |
| Operating Income Growth % | - | 11.95% | 14.42% | 14.48% | 14.14% | 4.88% | -15.01% | 7.3% | 15.38% | 13.84% | 2.83% | 3.15% | 18.52% | 10.68% | 15.68% | 28.44% | 30.07% | -18.67% | 10.91% | 29.82% | 27.46% | 53.55% | 59.59% | -5.86% | 16.66% | 11.6% | 13.07% | 18% | 8.54% | 28.75% | 26.47% |
| EBITDA | 3.17B | 3.11B | 2.81B | 2.5B | 2.17B | 1.95B | 1.79B | 1.91B | 1.76B | 1.55B | 1.3B | 1.24B | 1.2B | 1.03B | 914.98M | 795.22M | 634.72M | 496.39M | 584.08M | 525.81M | 414.35M | 329.02M | 213.91M | 124.48M | 130M | 125.88M | 110.49M | 94M | 80.5M | 72.3M | 55.2M |
| EBITDA Margin % | 39.04% | 39.32% | 39.91% | 40.47% | 40.48% | 40.37% | 36.8% | 35.63% | 33.95% | 33.72% | 34.34% | 34.5% | 33.7% | 31.82% | 30.57% | 28.43% | 26.6% | 24.22% | 25.32% | 25.01% | 24.36% | 22.63% | 22.06% | 18.94% | 20.73% | 21.46% | 21.93% | 23.08% | 20.68% | 24.25% | 24.46% |
| EBITDA Growth % | 10.28% | 10.61% | 12.37% | 14.98% | 11.43% | 9.24% | -6.58% | 8.51% | 13.43% | 19.39% | 5.29% | 3.33% | 16.09% | 12.62% | 15.06% | 25.29% | 27.87% | -15.01% | 11.08% | 26.9% | 25.93% | 53.82% | 71.84% | -4.25% | 3.27% | 13.93% | 17.55% | 16.77% | 11.34% | 30.98% | 27.19% |
| D&A (Non-Cash Add-back) | 889.1M | 872.2M | 812.8M | 755.2M | 650.1M | 615.9M | 512.9M | 413.9M | 366M | 343.51M | 238.3M | 202.19M | 193.89M | 184.76M | 150.89M | 134.68M | 120.43M | 101M | 97.92M | 87.46M | 76.69M | 64.13M | 41.39M | 16.38M | 15.18M | 27.45M | 22.3M | 16M | 14.4M | 11.4M | 7.9M |
| EBIT | 2.35B | 2.26B | 2.23B | 1.91B | 1.47B | 1.27B | 1.27B | 2.41B | 1.38B | 1.22B | 1.05B | 1.09B | 1B | 842.17M | 754.21M | 668.63M | 514.93M | 398.31M | 489.63M | 435.85M | 337.67M | 263.96M | 162.56M | 108.1M | 115.55M | 100.87M | 88.2M | 78M | 66.1M | 60.9M | 47.3M |
| Net Interest Income | -361.4M | -325M | -259.2M | -164.7M | -192.4M | -233.9M | -218.5M | -186.6M | -182.1M | -180.57M | -111.56M | -84.22M | -78.64M | -88.04M | -67.53M | -63.65M | -66.53M | -58.54M | -53.68M | -52.2M | -44.8M | -43.39M | -28.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 361.4M | 325M | 259.2M | 164.7M | 192.4M | 234.1M | 218.9M | 186.6M | 182.1M | 180.6M | 111.6M | 84.22M | 78.64M | 88.04M | 67.53M | 63.65M | 66.53M | 58.54M | 53.68M | 56.2M | 44.76M | 45.27M | 46.33M | 70.06M | 45.75M | 8.06M | 11.05M | 4.2M | 5.1M | 5.4M | 2.7M |
| Other Income/Expense | -126.1M | -299.3M | -29.6M | -2.1M | -242.5M | -303.7M | -222.1M | 729M | -198M | -175.52M | -122.41M | -31.47M | -80.82M | -91.53M | -77.41M | -55.55M | -65.9M | -55.63M | -50.21M | -54.7M | -44.78M | -44.33M | -38.8M | -41.81M | -19.22M | -12M | -12.27M | -5.8M | -6.5M | -5.7M | -3M |
| Pretax Income | 2.15B | 1.94B | 1.97B | 1.74B | 1.28B | 1.03B | 1.05B | 2.23B | 1.2B | 1.03B | 940.65M | 1B | 921.46M | 754.13M | 686.68M | 604.99M | 448.39M | 339.77M | 435.95M | 383.66M | 292.87M | 220.57M | 133.72M | 66.29M | 95.69M | 86.44M | 75.93M | 72.2M | 59.6M | 55.2M | 44.3M |
| Pretax Margin % | 26.53% | 24.5% | 27.95% | 28.22% | 23.87% | 21.35% | 21.66% | 41.5% | 23.09% | 22.46% | 24.82% | 27.98% | 25.96% | 23.29% | 22.94% | 21.63% | 18.79% | 16.58% | 18.9% | 18.25% | 17.22% | 15.17% | 13.79% | 10.08% | 15.26% | 14.74% | 15.07% | 17.73% | 15.31% | 18.51% | 19.63% |
| Income Tax | 439M | 399.8M | 417.9M | 374.7M | 296.4M | 226.6M | 225.9M | 459.5M | 254M | 62.95M | 282.01M | 306.28M | 275.42M | 215.84M | 203.32M | 177.74M | 125.81M | 100.29M | 149.44M | 133.62M | 99.55M | 67.39M | 39.86M | 18.23M | 29.66M | 30.6M | 26.65M | 24.9M | 20.3M | 18.8M | 15.4M |
| Effective Tax Rate % | 20.39% | 20.65% | 21.24% | 21.5% | 23.12% | 21.96% | 21.49% | 20.63% | 21.19% | 6.08% | 29.98% | 30.56% | 29.89% | 28.62% | 29.61% | 29.38% | 28.06% | 29.52% | 34.28% | 34.83% | 33.99% | 30.55% | 29.81% | 27.5% | 31% | 35.4% | 35.1% | 34.49% | 34.06% | 34.06% | 34.76% |
| Net Income | 1.71B | 1.54B | 1.55B | 1.36B | 1.19B | 1.1B | 949.7M | 1.77B | 944.4M | 971.77M | 658.64M | 696.07M | 646.03M | 538.29M | 483.36M | 427.25M | 322.58M | 239.48M | 286.51M | 250.03M | 193.32M | 153.18M | 93.85M | 45.24M | 40.05M | 55.84M | 49.28M | 47.3M | 39.3M | 36.4M | 28.9M |
| Net Margin % | 21.12% | 19.44% | 22.01% | 22.08% | 22.12% | 22.69% | 19.56% | 32.94% | 18.19% | 21.09% | 17.38% | 19.43% | 18.2% | 16.62% | 16.15% | 15.27% | 13.52% | 11.68% | 12.42% | 11.89% | 11.37% | 10.54% | 9.68% | 6.88% | 6.39% | 9.52% | 9.78% | 11.61% | 10.1% | 12.21% | 12.8% |
| Net Income Growth % | 14.4% | -0.84% | 13.56% | 14.8% | 8.36% | 15.48% | -46.28% | 87.2% | -2.82% | 47.54% | -5.38% | 7.74% | 20.02% | 11.36% | 13.13% | 32.45% | 34.7% | -16.42% | 14.59% | 29.33% | 26.21% | 63.21% | 107.46% | 12.95% | -28.27% | 13.31% | 4.18% | 20.36% | 7.97% | 25.95% | 24.03% |
| Net Income (Continuing) | 1.71B | 1.54B | 1.55B | 1.37B | 985.6M | 805.3M | 825.5M | 1.77B | 944.4M | 971.77M | 658.64M | 696.07M | 646.03M | 538.29M | 483.36M | 427.25M | 322.58M | 239.48M | 286.51M | 250.03M | 193.32M | 153.18M | 93.85M | 48.06M | 66.44M | 57.41M | 49.28M | 47.3M | 39.3M | 36.4M | 28.9M |
| Discontinued Operations | 0 | 0 | 0 | -4.1M | 202.8M | 291.4M | 124.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 16.39 | 14.20 | 14.35 | 12.70 | 11.13 | 10.30 | 8.98 | 16.82 | 9.05 | 9.39 | 6.43 | 6.85 | 6.40 | 5.37 | 4.86 | 4.34 | 3.34 | 2.58 | 3.06 | 2.68 | 2.13 | 1.74 | 1.24 | 0.71 | 0.32 | 0.45 | 0.79 | 0.77 | 0.62 | 0.29 | 0.12 |
| EPS Growth % | 15.48% | -1.05% | 12.97% | 14.16% | 8.06% | 14.61% | -46.59% | 85.95% | -3.66% | 46.03% | -6.13% | 7.03% | 19.18% | 10.49% | 11.98% | 29.94% | 29.46% | -15.69% | 14.18% | 25.82% | 22.41% | 40.32% | 74.65% | 121.88% | -28.89% | -43.04% | 2.6% | 24.19% | 113.79% | 141.67% | 24.61% |
| EPS (Basic) | - | 14.31 | 14.47 | 12.80 | 11.22 | 10.42 | 9.08 | 17.02 | 9.15 | 9.51 | 6.50 | 6.92 | 6.47 | 5.43 | 4.95 | 4.45 | 3.42 | 2.64 | 3.20 | 2.83 | 2.23 | 1.79 | 1.26 | 0.72 | 0.32 | 0.46 | 0.81 | 0.78 | 0.64 | 0.30 | 0.12 |
| Diluted Shares Outstanding | 104.6M | 107.8M | 108M | 107.4M | 106.8M | 106.5M | 105.7M | 105.1M | 104.4M | 103.52M | 102.46M | 101.6M | 100.88M | 100.21M | 99.56M | 98.39M | 96.65M | 92.82M | 93.7M | 93.23M | 90.88M | 87.88M | 75.66M | 63.98M | 63.73M | 63.19M | 62.36M | 61.98M | 63.43M | 61.84M | 60.64M |
| Basic Shares Outstanding | 104.3M | 107.2M | 107.1M | 106.6M | 105.9M | 105.3M | 104.6M | 103.9M | 103.2M | 102.17M | 101.29M | 100.62M | 99.92M | 99.12M | 97.7M | 95.96M | 94.24M | 90.69M | 89.47M | 88.39M | 86.84M | 85.5M | 74.44M | 63.15M | 62.34M | 61.44M | 60.91M | 60.54M | 62M | 61.84M | 60.64M |
| Dividend Payout Ratio | - | 23.11% | 20.78% | 21.27% | 22.07% | 21.56% | 22.54% | 10.84% | 18.01% | 14.69% | 18.39% | 14.41% | 12.36% | 9.12% | 14.46% | 9.85% | 11.07% | 12.45% | 9.04% | 9.18% | 10.55% | 11.85% | 15.13% | 25.95% | 25.76% | 16.53% | 17.32% | 16.7% | 18.83% | 16.48% | 16.61% |
Acquisition integration and valuation
According to the provided quarterly data, Roper Technologies has maintained a steady revenue growth trajectory, with year-over-year figures consistently in the double digits, reaching $2.1 billion in 2026Q1, which underscores the efficacy of its serial acquisition strategy in scaling its specialized software portfolio.
The company's ability to sustain double-digit growth suggests that its decentralized model successfully integrates new assets without diluting the core business. Investors should monitor whether this growth remains organic or becomes increasingly dependent on larger, more expensive acquisitions as the addressable market for niche software consolidates.
As reported in the financial statements, Roper Technologies consistently maintains gross margins near 69%, a level that reflects the high-value, mission-critical nature of its software-heavy revenue mix compared to traditional industrial peers that often struggle to exceed 50% in similar market environments.
These elevated margins appear to be a direct result of the company's strategic pivot toward high-switching-cost software niches. This pricing power suggests that customers view ROP's offerings as essential operational infrastructure, providing a defensive buffer against potential inflationary pressures on labor costs.
Based on the income statement data, operating margins have remained relatively stable around 28%, suggesting that while the company scales revenue effectively, the heavy non-cash amortization charges from its aggressive acquisition history continue to act as a persistent drag on reported operating income growth.
The lack of significant operating margin expansion despite revenue growth warrants further investigation into the underlying SG&A efficiency. It appears that the decentralized management structure, while effective for growth, may prevent the realization of traditional economies of scale typically expected in larger software conglomerates.
Analysis of the reported figures indicates that stock-based compensation, which reached $52.6 million in 2026Q1, remains a recurring expense that investors must account for when evaluating the true cash-generative capacity of the company's earnings relative to its GAAP net income performance.
The volatility in quarterly EPS, such as the 59.1% growth in 2026Q1 versus the 7.2% decline in 2025Q4, suggests that non-operating items and tax adjustments significantly influence the bottom line. Consequently, analysts should prioritize adjusted cash earnings over GAAP metrics to better gauge the sustainability of shareholder returns.
Quick answers to the most common questions about buying ROP stock.
For fiscal year 2025, Roper Technologies, Inc. (ROP) reported total revenue of $7.90B. This represents a 3401.3% increase compared to $225.7M in 1996.
Roper Technologies, Inc. (ROP) is profitable, generating $1.54B in net income for the fiscal year ending 2025 with a net profit margin of 19.4%.
Roper Technologies, Inc. (ROP) reported an operating income of $2.24B, resulting in an operating profit margin of 28.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Roper Technologies, Inc. (ROP) generated $5.47B in gross profit for the year, representing a gross profit margin of 69.2%. This demonstrates the company's core pricing power and production efficiency.