Stock Analysis on Net
Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Roper Technologies Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net revenues
Cost of sales
Gross profit
Selling, general and administrative expenses
Impairment of intangible assets
Income from operations
Interest expense, net
Equity investment activity, net
Loss on extinguishment of debt
Other income (expense), net
Gain on disposal of businesses
Earnings before income taxes
Income taxes
Net earnings from continuing operations
Earnings (loss) from discontinued operations, net of tax
Gain (loss) on disposition of discontinued operations, net of tax
Net earnings (loss) from discontinued operations
Net earnings

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The analysis of the quarterly financial data reveals several key trends and patterns over the periods considered.

Net Revenues
Net revenues generally exhibited a growth trend from 2018 through 2021, rising from approximately $1.2 billion in early 2018 to over $1.5 billion by the end of 2021. A slight decline occurred in early 2022, followed by a recovery and renewed growth into 2023, reaching a peak of approximately $1.56 billion in the most recent quarter.
Cost of Sales
The cost of sales followed a somewhat variable pattern but mostly moved in proportion to revenues. Notably, there was a significant reduction around early 2022 where costs dropped near $383 million before stabilizing slightly higher, which may indicate efficiency improvements or changes in the cost structure during that period.
Gross Profit
Gross profit mirrored the revenue trend, with solid growth until late 2021, peaking at over $1 billion. This was followed by a dip in early 2022 but rebounded thereafter. The gross profit increase over time suggests an improving margin, notwithstanding the fluctuations in sales costs.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses showed a steady increase throughout the period, rising from around $450 million in early 2018 to over $650 million by late 2023. The upward trend suggests expanding operational costs, which could impact overall profitability if not matched by revenue growth.
Income from Operations
Operating income rose steadily through 2018 and 2019, peaking at near $435 million in late 2023. There was a notable dip in early 2022 but a prompt recovery followed. This movement indicates overall operational profitability remained strong despite some volatility.
Interest Expense, Net
Interest expenses remained relatively stable but exhibited reductions over time, decreasing from around $43,000 thousand in early 2018 to roughly $42,000 thousand by late 2023. The reduction suggests improved financing costs or debt management.
Equity Investment Activity, Net
Limited data is available; however, a significant positive equity investment inflow occurred in 2023, with notable entries of $66 million and $33.9 million in respective quarters, indicating strategic investments or returns from equity holdings during this period.
Loss on Extinguishment of Debt
Observed exclusively during 2018, with a loss of approximately $15.9 million in one quarter, suggesting a one-time expense related to debt repayment or restructuring activities during that year.
Other Income (Expense), Net
This category demonstrated volatility, including a substantial gain of about $801 million in late 2018, attributed to the gain on disposal of businesses, followed by fluctuations in other quarters, including a large negative impact of approximately $50 million in late 2022. These irregular gains and losses have significantly influenced reported earnings and indicate non-operational factors affecting net income.
Earnings Before Income Taxes
Earnings before taxes followed a broadly upward trajectory, with peaks aligning with the significant disposal gains in 2018. The trend indicates growing profitability before tax considerations, tempered by episodic large transactions.
Income Taxes
Income tax expense similarly varied in line with earnings but showed spikes corresponding to periods of higher earnings, particularly in late 2018 and 2023. Fluctuations in tax expense could reflect changes in taxable income or tax planning strategies.
Net Earnings from Continuing Operations
Net earnings from continuing operations increased over the years with some variability, peaking strongly near $361 million in late 2023. There was a marked jump in late 2018 due to business disposal gains. Overall, continuing operations show solid profitability growth over the time frame.
Discontinued Operations
From 2020 onward, net earnings from discontinued operations appear and generally contribute positively, with spikes exceeding $1.6 billion in some quarters (notably in 2021), reflecting substantial non-recurring income from business disposals or segment exits. However, some quarters demonstrate losses as well, indicating variability in discontinued operations' impact.
Net Earnings
Consolidated net earnings reflect combined effects of continuing and discontinued operations, showing strong growth especially in 2021 and 2022, reaching over $2 billion in early 2022, followed by fluctuations aligned with disposal gains and operational performance. Recent quarters indicate a strong profit level in the $340–$370 million range, showcasing overall financial robustness.

In summary, the data reflects a company experiencing overall revenue and profitability growth with occasional significant non-recurring income events, notably from business disposals. Operational costs have increased steadily, with improved gross profit margins offset partly by rising SG&A expenses. Interest expenses have slightly decreased, enhancing net profitability. Earnings show volatility due to one-time gains and losses, but underlying trends reveal sustained operational strength across the periods analyzed.