Analysis of Revenues

Revenues as Reported

Revenues as Reported

Roper Technologies Inc., income statement, revenues

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Recurring	2,939,400)	2,553,300)	1,964,700)	—)	—)
Reoccurring	370,400)	360,900)	300,300)	—)	—)
Non-recurring	721,400)	684,900)	596,600)	—)	—)
Software Revenues	4,031,200)	3,599,100)	2,861,600)	—)	—)
Product Revenue	1,340,600)	1,234,700)	1,160,800)	—)	—)
Net revenues	5,371,800)	4,833,800)	4,022,400)	—)	—)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

The revenue data exhibits a consistent upward trajectory over the reported periods from 2020 to 2022. This growth is apparent across all revenue categories, indicating overall business expansion.

Recurring Revenue: The recurring revenue category shows a marked increase, rising from 1,964,700 thousand USD in 2020 to 2,553,300 thousand USD in 2021, and further to 2,939,400 thousand USD in 2022. This represents a strong compound growth, underscoring the stability and increasing contribution of recurring income streams to total revenue.
Reoccurring Revenue: This category also experienced growth, albeit at a lower scale compared to recurring revenue. Values grew from 300,300 thousand USD in 2020 to 360,900 thousand USD in 2021, then to 370,400 thousand USD in 2022. Although the growth rate has slowed entering 2022, this revenue stream adds steady incremental increases.
Non-recurring Revenue: Non-recurring revenues increased steadily, from 596,600 thousand USD in 2020 to 684,900 thousand USD in 2021, and reaching 721,400 thousand USD in 2022. This consistent rise indicates successful realization of one-time events or projects, contributing a significant portion to total revenue.
Software Revenues: Software revenues showed a pronounced upward trend, escalating from 2,861,600 thousand USD in 2020 to 3,599,100 thousand USD in 2021, and further to 4,031,200 thousand USD in 2022. This suggests that software offerings are a major growth driver and an increasingly dominant component of total revenues.
Product Revenue: Product revenue presented moderate growth, increasing from 1,160,800 thousand USD in 2020 to 1,234,700 thousand USD in 2021, and then to 1,340,600 thousand USD in 2022. While the growth is positive, it is less pronounced relative to software revenues, indicating a more stable but slower expansion in product sales.
Net Revenues: Net revenues, encompassing all categories, rose from 4,022,400 thousand USD in 2020 to 4,833,800 thousand USD in 2021, and then to 5,371,800 thousand USD in 2022. This consistent growth reflects strong overall performance and balanced enhancement across different revenue streams.

In summary, the company demonstrates robust revenue growth fueled largely by software revenues and increasing recurring income. The steady climb in non-recurring revenues also complements this trend, while product revenues contribute to sustained expansion. The overall revenue pattern indicates effective diversification and a positive market reception to the company’s portfolio over the examined period.

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Roper Technologies Inc. (NASDAQ:ROP)

Analysis of Revenues

Revenues as Reported