Roper Technologies is a software-driven industrial holding company with a perfect four-quarter earnings beat streak, 127% free-cash-flow-to-net-income conversion, and 21% analyst upside, currently in a technical downtrend from a death cross that may offer a patient accumulation window for investors in a proven compounder.
Thesis pillars
- Perfect Earnings Beat Streak Software↓Deteriorating
- Superior Free Cash Flow Conversion→Stable
- Sole Source Supplier Supply Chain↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026
Roper Technologies, Inc. (ROP) Stock Analysis
Technology · Software - Application
Sell if holding. Analyst target reached at $440.66 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: sole source suppliers.
Roper Technologies designs and develops vertical software and technology-enabled products across three segments: Application Software (57% of 2025 net revenues, $4.48 billion), Network Software (20%, $1.60 billion), and Technology Enabled Products (23%, $1.82 billion). The... Read more
Sell if holding. Analyst target reached at $440.66 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: sole source suppliers. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.1/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 89d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Roper Technologies, Inc.
About Roper Technologies, Inc.
Roper Technologies split $7.9 billion in 2025 net revenues across three segments — Application Software at 56.7% ($4.48 billion), Technology Enabled Products at 23.0% ($1.82 billion), and Network Software at 20.3% ($1.60 billion) — with no single customer accounting for 10% or more of any segment or total net revenues. The company employed approximately 19,400 people worldwide at December 31, 2025 and deployed roughly $8.96 billion toward acquisitions over the past three years, including CentralReach (ABA therapy SaaS) for about $1.85 billion in 2025 and Subsplash (faith-based SaaS) for about $800 million.
Roper earns recurring software subscription and maintenance revenue across niche end markets including law firms (Aderant, Deltek), healthcare (Clinisys, Data Innovations, Strata, MHA), K-12 education (Frontline), commercial freight matching (DAT), property and casualty insurance (Vertafore), and faith-based organizations (Subsplash). The Technology Enabled Products segment — covering medical devices (Verathon, CIVCO Medical Solutions), precision measurement (Northern Digital), and water metering (Neptune) — adds hardware revenue with recurring software components. Distribution occurs primarily through direct sales offices, manufacturers' representatives, resellers, and distributors. Roper faces no single competitor across a significant number of product lines, competing on product quality, applications expertise, and customer service in each niche. Total remaining performance obligations stood at $5.2 billion at December 31, 2025, up from $4.75 billion in 2024.
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Roper's Technology Enabled Products segment carries sole-source component risk: the 10-K acknowledges that for certain products, transitioning to alternative suppliers would require significant time, redesign, and capital investment, or may not be feasible. A separate exposure sits in the SaaS portfolio — Application Software and Network Software rely on cloud platforms including Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud, and the filing notes that concentration with a limited number of providers increases exposure to outages and pricing changes. These dual dependencies are distinct: the hardware sole-source risk is product-specific, while the cloud-platform exposure cuts across the entire software business.
See also: Technology · Software - Application
From Roper Technologies, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — Roper Technologies, Inc.
Latest news
- NEWS SEB Asset Management AB Acquires Shares of 21,533 Roper Technologies, Inc. $ROP - MarketBeat — MarketBeat neutral
- NEWS Truist reiterates Buy on Roper Industries stock ahead of earnings - Investing.com — Investing.com positive
- NEWS Truist reiterates Buy on Roper Industries stock ahead of earnings By Investing.com - Investing.com Canada — Investing.com Canada positive
- NEWS Oakmark Fund Picks Roper Technologies (ROP) on Varied Growth Drivers - Yahoo Finance — Yahoo Finance positive
- NEWS Does a One-Off Gain Cloud the Earnings Picture at Roper Technologies (NASDAQ:ROP) Before Its October 22 Results? - kalki — kalkine.ca neutral
Generated 2026-10-29T11:14:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSuppliersole source suppliers10-K Item 1A: 'some of our products are provided by sole source suppliers and our SaaS offerings are increasingly reliant on a limited number of third-party cloud computing platforms'
- MEDIUMSupplierAmazon Web Services, Google Cloud Platform, Microsoft Azure, Oracle Cloud10-K Item 1A: 'cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud...concentration with a limited number of providers increases exposure'
Material Events(8-K, last 90d)
- 2026-05-19Item 5.02LOWShareholders approved amendment to the 2021 Incentive Plan at May 19, 2026 annual meeting in Sarasota, Florida; amended plan authorizes 14.15 million new shares for equity compensation awards.SEC filing →
- 2026-04-01Item 1.01LOWOn March 30, 2026, Roper entered a new five-year $3.50 billion unsecured revolving credit facility replacing the July 2022 facility; JPMorgan Chase Bank, N.A. is administrative agent; $1.00 billion accordion option included.SEC filing →
- 2026-04-01Item 1.02MEDIUMTermination of existing $3.50 billion unsecured credit facility dated July 21, 2022, upon entry into replacement credit facility on March 30, 2026.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $440.66 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: sole source suppliers. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $416.64. Score 6.1/10, moderate confidence.
Analyst target $406.10 reached (−7.8% from $440.66); no take-profit level is published. Prior stop was $416.64. Stop-loss: $416.64.
Concentration risk — Supplier: sole source suppliers; Analyst target reached - limited upside remaining; Near 52-week high (3.3% away).
Roper Technologies, Inc. trades at a P/E of 17.4 (forward 17.9). TrendMatrix value score: 5.3/10. Verdict: Sell.
24 analysts cover ROP with a consensus score of 3.6/5. Average price target: $467.
What does Roper Technologies, Inc. do?Roper Technologies designs and develops vertical software and technology-enabled products across three segments:...
Roper Technologies designs and develops vertical software and technology-enabled products across three segments: Application Software (57% of 2025 net revenues, $4.48 billion), Network Software (20%, $1.60 billion), and Technology Enabled Products (23%, $1.82 billion). The company serves defensible niche markets including legal, healthcare, K-12 education, and construction, employing approximately 19,400 people worldwide.