Latest Ratios: P/E Ratio 25.6x · EV/EBITDA 14.9x · ROE 7.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $37.4B | $48.0B | $56.1B | $58.6B | $46.1B | $52.4B | $45.6B | $37.2B | $27.8B | $26.8B | $18.8B |
| Enterprise Value | $46.4B | $57.0B | $63.6B | $64.7B | $52.1B | $60.0B | $54.9B | $41.9B | $32.4B | $31.3B | $24.2B |
| P/E Ratio → | 25.62 | 31.35 | 36.23 | 42.92 | 38.83 | 47.76 | 47.98 | 21.06 | 29.46 | 27.58 | 28.47 |
| P/S Ratio | 4.74 | 6.07 | 7.98 | 9.48 | 8.59 | 10.84 | 9.39 | 6.94 | 5.36 | 5.82 | 4.95 |
| P/B Ratio | 1.97 | 2.41 | 2.98 | 3.36 | 2.88 | 4.53 | 4.35 | 3.92 | 3.60 | 3.91 | 3.24 |
| P/FCF | 15.02 | 19.25 | 24.13 | 30.38 | 69.47 | 26.87 | 30.87 | 26.61 | 20.29 | 22.82 | 20.31 |
| P/OCF | 14.74 | 18.89 | 23.46 | 28.77 | 62.82 | 26.04 | 29.88 | 25.47 | 19.46 | 21.72 | 19.46 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.21 | 9.04 | 10.47 | 9.69 | 12.41 | 11.30 | 7.80 | 6.24 | 6.79 | 6.39 |
| EV / EBITDA | 14.95 | 18.34 | 22.65 | 25.88 | 23.94 | 30.74 | 30.72 | 21.89 | 18.39 | 20.14 | 18.60 |
| EV / EBIT | 20.78 | 25.20 | 28.58 | 33.92 | 35.31 | 47.40 | 43.21 | 17.34 | 23.47 | 25.75 | 23.01 |
| EV / FCF | — | 22.86 | 27.34 | 33.58 | 78.37 | 30.78 | 37.17 | 29.92 | 23.63 | 26.64 | 26.21 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.2% | 69.2% | 69.3% | 69.7% | 69.9% | 70.5% | 67.4% | 63.9% | 63.2% | 62.2% | 61.5% |
| Operating Margin | 28.3% | 28.3% | 28.4% | 28.2% | 28.4% | 27.6% | 26.2% | 27.9% | 26.9% | 26.3% | 28.0% |
| Net Profit Margin | 19.4% | 19.4% | 22.0% | 22.1% | 22.1% | 22.7% | 19.6% | 32.9% | 18.2% | 21.1% | 17.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 8.5% | 8.1% | 8.6% | 10.0% | 9.5% | 20.5% | 12.9% | 15.4% | 11.9% |
| ROA | 4.7% | 4.7% | 5.2% | 4.9% | 4.7% | 4.6% | 4.5% | 10.6% | 6.4% | 6.8% | 5.4% |
| ROIC | 6.1% | 6.1% | 6.0% | 5.7% | 5.6% | 5.1% | 5.6% | 8.5% | 8.9% | 8.0% | 8.4% |
| ROCE | 7.7% | 7.7% | 7.6% | 7.1% | 6.8% | 6.3% | 6.8% | 10.2% | 10.7% | 9.6% | 9.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.47 | 0.41 | 0.37 | 0.42 | 0.69 | 0.92 | 0.56 | 0.64 | 0.75 | 1.07 |
| Debt / EBITDA | 2.99 | 2.99 | 2.73 | 2.55 | 3.08 | 4.08 | 5.38 | 2.79 | 2.80 | 3.32 | 4.77 |
| Net Debt / Equity | — | 0.45 | 0.40 | 0.35 | 0.37 | 0.66 | 0.89 | 0.49 | 0.59 | 0.65 | 0.94 |
| Net Debt / EBITDA | 2.90 | 2.90 | 2.66 | 2.46 | 2.72 | 3.90 | 5.21 | 2.42 | 2.60 | 2.89 | 4.19 |
| Debt / FCF | — | 3.61 | 3.21 | 3.20 | 8.90 | 3.90 | 6.31 | 3.30 | 3.34 | 3.82 | 5.90 |
| Interest Coverage | 6.96 | 6.96 | 8.59 | 11.58 | 7.66 | 5.41 | 5.80 | 12.94 | 7.58 | 6.73 | 9.43 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.52 | 0.52 | 0.40 | 0.50 | 0.67 | 0.78 | 0.72 | 0.83 | 1.11 | 0.87 | 1.23 |
| Quick Ratio | 0.48 | 0.48 | 0.37 | 0.46 | 0.63 | 0.75 | 0.65 | 0.75 | 0.98 | 0.77 | 1.10 |
| Cash Ratio | 0.08 | 0.08 | 0.05 | 0.07 | 0.27 | 0.11 | 0.13 | 0.30 | 0.25 | 0.33 | 0.52 |
| Asset Turnover | — | 0.23 | 0.22 | 0.22 | 0.20 | 0.20 | 0.20 | 0.30 | 0.34 | 0.32 | 0.26 |
| Inventory Turnover | 17.15 | 17.15 | 17.89 | 15.77 | 14.55 | 20.61 | 9.59 | 9.78 | 10.02 | 8.51 | 8.01 |
| Days Sales Outstanding | — | 57.88 | 53.82 | 58.14 | 59.59 | 59.37 | 63.19 | 67.58 | 62.71 | 64.14 | 75.26 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 0.7% | 0.6% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% |
| Payout Ratio | 23.1% | 23.1% | 20.8% | 21.3% | 22.1% | 21.6% | 22.5% | 10.8% | 18.0% | 14.7% | 18.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 3.2% | 2.8% | 2.3% | 2.6% | 2.1% | 2.1% | 4.7% | 3.4% | 3.6% | 3.5% |
| FCF Yield | 6.7% | 5.2% | 4.1% | 3.3% | 1.4% | 3.7% | 3.2% | 3.8% | 4.9% | 4.4% | 4.9% |
| Buyback Yield | 1.3% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | 1.8% | 0.6% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% |
| Shares Outstanding | — | $108M | $108M | $107M | $107M | $107M | $106M | $105M | $104M | $104M | $102M |
Acquisition integration and valuation
Based on reported figures, Roper Technologies trades at a forward P/E of 15.44, which appears to discount the company's historical ability to compound cash flows through disciplined M&A, positioning it as a premium software-centric entity rather than a traditional industrial machinery manufacturer within the broader market.
The current valuation multiples suggest that investors are pricing in a high degree of confidence in the company's recurring revenue model and capital allocation track record. While the P/E of 23.82 might seem elevated compared to cyclical industrials, it remains justifiable when considering the high-margin, asset-light nature of the software portfolio.
As reported in financial statements, Roper Technologies maintains a consistent ROIC trend, which, while appearing modest at 1.8% in 2026Q1, must be interpreted through the lens of heavy non-cash amortization charges that artificially depress the return metrics of its aggressive acquisition-led growth strategy.
The company's ability to generate returns is structurally tied to its pivot toward niche software markets where switching costs are high. Investors should monitor whether the rising cost of private equity competition for assets begins to dilute the cash-on-cash returns that have historically defined the Roper Way.
According to recent SEC filings, Roper Technologies maintains a cash conversion cycle averaging between 43 and 51 days, a metric that reflects the company's ability to manage its specialized software customer base effectively while maintaining leverage over its limited supplier relationships in the technology sector.
The stability in DSO and DPO trends suggests that the decentralized operating model is successfully maintaining customer intimacy and operational discipline. This efficiency is a key driver of the company's ability to convert high-margin revenue into the free cash flow required for its ongoing acquisition strategy.
Based on the provided quarterly data, Roper Technologies maintains a current ratio consistently below 0.60, which, while appearing strained by traditional industrial standards, is a deliberate feature of a business model that relies on predictable, recurring software subscription cash flows rather than large inventory buffers.
The company's liquidity position appears adequate given the mission-critical nature of its software, which provides a defensive cushion during economic volatility. Investors should note that the low quick ratio is a structural byproduct of the company's asset-light model and does not necessarily indicate a lack of financial flexibility.
The most commonly misapplied metric for Roper Technologies is the current ratio, which analysts often interpret as a sign of liquidity stress, failing to account for the company's transition into a software-as-a-service model that requires minimal working capital compared to traditional manufacturing peers.
Using traditional industrial benchmarks to evaluate Roper's balance sheet obscures the reality that its cash flow is generated by high-retention software subscriptions rather than physical inventory sales. Analysts should instead focus on free cash flow conversion and net revenue retention to gauge the true health of the business.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ROP stock.
Roper Technologies, Inc.'s current P/E ratio is 25.6x. The historical average is 31.9x. This places it at the 47th percentile of its historical range.
Roper Technologies, Inc.'s current EV/EBITDA is 14.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
Roper Technologies, Inc.'s return on equity (ROE) is 7.9%. The historical average is 14.1%.
Based on historical data, Roper Technologies, Inc. is trading at a P/E of 25.6x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Roper Technologies, Inc.'s current dividend yield is 0.91% with a payout ratio of 23.1%.
Roper Technologies, Inc. has 69.2% gross margin and 28.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Roper Technologies, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.