Roper Technologies Inc
- Industry
- Software & Internet
- Exchange
- US
- Country
- USA
- IPO date
- Feb 12, 1992
- Employees
- 19,400
- Website
- www.ropertech.com
Composite valuation range · conservative $300–$340 / fair $360–$430 / optimistic $470–$560. At $375.02, Within the fair intrinsic-value range.
At publication $326.94 (May 23, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Roper Technologies, Inc. designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally. Its Application Software segment offers comprehensive management, diagnostic and laboratory information management, enterprise software and information solutions, K-12 school administration, transportation management, financial and compliance management, cloud-based and integrated payment processing, campus technology and payment, and cloud-based financial analytics, performance management software, and data solutions; cloud-based software for the property and casualty insurance industry; and foodservice technologies. The Network Software segment provides cloud-based data, collaboration, and estimating automation software; electronic marketplace; visual effects and 3D content software; cloud-based software and AI-enabled analytics solutions for the life insurance and financial services industries; supply chain software; health care services and software; data analytics and information; pharmacy software solutions; and AI-enabled SaaS providing digital engagement, as well as church management and integrated giving solutions for faith-based organizations. The Technology Enabled Products segment offers ultrasound procedures accessories; dispensers and metering pumps; wireless sensor network and solutions; automated surgical scrub and linen dispensing equipment; water meters; optical and electromagnetic precision measurement systems; RFID card and credential readers; and medical devices. It distributes and sells its products through direct sales offices, manufacturers' representatives, resellers, and distributors. The company was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in April 2015. Roper Technologies, Inc. was incorporated in 1981 and is based in Sarasota, Florida.
History
Roper Technologies, Inc. was incorporated in 1981 and is based in Sarasota, Florida, with an IPO dated February 12, 1992. Formerly known as Roper Industries, Inc., it changed its name to Roper Technologies, Inc. in April 2015, reflecting a shift from an industrial acquisition platform toward a holding platform for vertical software and high-value technology products. In 2022 the company sold a majority stake in Indicor while retaining a minority interest, continuing to divest its more industrial, capital-intensive assets. From 2023 to 2025 Roper deployed roughly $8.96 billion on acquisitions, completing Syntellis (about $1.38 billion, 2023), Transact (about $1.6 billion) and Procare (about $1.86 billion) in 2024, and CentralReach (about $1.85 billion) and Subsplash (about $800 million) in 2025. Revenue grew from $4,834 million in 2021 to $7,903 million in 2025 and operating income from $1,241 million to $2,235 million; by 2025 software represented about 77.6% of revenue and recurring plus highly-repeatable revenue about 67.3%. The company now operates three segments: Application Software ($4,483 million, 56.7% of 2025 revenue), Network Software ($1,601 million, 20.3%), and Technology Enabled Products ($1,819 million, 23.0%), and employs about 19,400 people under a decentralized operating model.
Industry position
Roper Technologies operates a portfolio of vertical-market software, network/marketplace platforms, and technology-enabled products spanning legal, laboratory, hospital, K-12 education, insurance, freight, construction, pharmacy, water metering, medical devices, and access/identity. The company states it holds leading positions in most of its markets, that no single competitor overlaps broadly across its product lines, and that while it faces significant competition overall, competitors are limited in certain niches. In 2025 no single customer accounted for more than 10% of any segment or of total revenue. Its margin profile reflects an asset-light software mix: 2025 total gross margin was 69.2% (Application Software 68.5%, Network Software 84.1%, Technology Enabled Products 58.1%) with an operating margin of 28.3% and capex plus capitalized software of roughly 1.0% to 1.5% of revenue, while 2025 organic growth was 5.4%. Specific franchises illustrate its scale and stickiness: Aderant serves 3,200 clients including 77 of the top 100 global law firms with over 95% retention; Frontline covers more than 10,000 K-12 customers; Vertafore serves over 20,000 agencies, more than 1,000 insurers, and 23 state governments; Data Innovations serves over 6,000 hospitals and labs across more than 85 countries; and Illumia serves more than 10,000 higher-education, healthcare, and senior-living institutions. Network-effect properties include DAT, the largest North American spot freight matching network; iTradeNetwork, a food-industry SaaS trading network; ConstructConnect, linking general contractors, subcontractors, material suppliers, designers, and owners; and iPipeline, linking insurers, brokers, and advisors. Its competitive strength rests on high switching costs and deep workflow embedding, low capital intensity, and proprietary data combined with long-term customer relationships.