Return on Equity (ROE)
since 2005
Calculation
Roper Technologies Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 28.34% | = | 100 | × | 4,544,700) | ÷ | 16,037,800) |
| Dec 31, 2021 | 9.97% | = | 100 | × | 1,152,600) | ÷ | 11,563,800) |
| Dec 31, 2020 | 9.06% | = | 100 | × | 949,700) | ÷ | 10,479,800) |
| Dec 31, 2019 | 18.63% | = | 100 | × | 1,767,900) | ÷ | 9,491,900) |
| Dec 31, 2018 | 12.20% | = | 100 | × | 944,400) | ÷ | 7,738,500) |
| Dec 31, 2017 | 14.16% | = | 100 | × | 971,772) | ÷ | 6,863,564) |
| Dec 31, 2016 | 11.38% | = | 100 | × | 658,645) | ÷ | 5,788,865) |
| Dec 31, 2015 | 13.14% | = | 100 | × | 696,067) | ÷ | 5,298,947) |
| Dec 31, 2014 | 13.59% | = | 100 | × | 646,033) | ÷ | 4,755,360) |
| Dec 31, 2013 | 12.78% | = | 100 | × | 538,293) | ÷ | 4,213,050) |
| Dec 31, 2012 | 13.11% | = | 100 | × | 483,360) | ÷ | 3,687,726) |
| Dec 31, 2011 | 13.37% | = | 100 | × | 427,247) | ÷ | 3,195,096) |
| Dec 31, 2010 | 11.73% | = | 100 | × | 322,580) | ÷ | 2,750,907) |
| Dec 31, 2009 | 9.89% | = | 100 | × | 239,481) | ÷ | 2,421,490) |
| Dec 31, 2008 | 14.30% | = | 100 | × | 286,515) | ÷ | 2,003,738) |
| Dec 31, 2007 | 13.97% | = | 100 | × | 250,033) | ÷ | 1,789,806) |
| Dec 31, 2006 | 13.00% | = | 100 | × | 193,324) | ÷ | 1,486,839) |
| Dec 31, 2005 | 12.26% | = | 100 | × | 153,175) | ÷ | 1,249,788) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by consistent expansion in both net earnings and stockholders' equity, although the return on equity (ROE) has exhibited significant volatility, particularly in the final five years of the period.
- Net Earnings Growth
- Net earnings demonstrated a long-term upward trend, rising from 153.18 million USD in 2005 to 4.54 billion USD in 2022. While the increase was relatively steady for the first decade, significant surges are observed in 2019 and 2022, with the latter representing a substantial leap in profitability compared to previous years.
- Stockholders' Equity Expansion
- Stockholders' equity grew consistently throughout the analyzed timeframe, moving from 1.25 billion USD in 2005 to 16.04 billion USD in 2022. This indicates a disciplined accumulation of capital and a steady increase in the book value of the company.
- Return on Equity (ROE) Analysis
- ROE remained largely stable within a range of 11% to 14% between 2005 and 2018, despite a temporary decline to 9.89% in 2009. A period of higher volatility began in 2019, where ROE spiked to 18.63%, followed by a sharp contraction to 9.06% in 2020 and 9.97% in 2021. The period concludes with a dramatic increase to 28.34% in 2022, indicating a significant improvement in the efficiency of generating profits from shareholders' equity.
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Comparison to Competitors
Roper Technologies Inc., ROE, long-term trends, comparison to competitors
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 28.34% | 196.96% | 27.68% | 29.70% | — | 10.61% | 20.00% |
| Dec 31, 2021 | 9.97% | 150.07% | 21.13% | 25.66% | 131.10% | 20.14% | 10.20% |
| Dec 31, 2020 | 9.06% | 87.87% | 19.11% | 29.57% | — | 7.75% | 7.91% |
| Dec 31, 2019 | 18.63% | 61.06% | 29.71% | 34.62% | — | -2.43% | 7.64% |
| Dec 31, 2018 | 12.20% | 55.56% | 15.31% | 0.25% | — | 26.79% | 5.47% |
| Dec 31, 2017 | 14.16% | 36.07% | 25.46% | 14.53% | — | -16.56% | 8.64% |
| Dec 31, 2016 | 11.38% | 35.62% | 16.63% | 16.89% | — | 1.87% | 9.99% |
| Dec 31, 2015 | 13.14% | 44.74% | 15.37% | 15.04% | — | -0.89% | 16.46% |
| Dec 31, 2014 | 13.59% | 35.42% | 15.63% | 13.86% | — | — | 11.55% |
| Dec 31, 2013 | 12.78% | 29.98% | — | 16.89% | — | — | 5.70% |
| Dec 31, 2012 | 13.11% | 35.30% | — | 15.68% | — | — | 8.82% |
| Dec 31, 2011 | 13.37% | 33.83% | — | 13.74% | — | — | 14.00% |
| Dec 31, 2010 | 11.73% | 29.32% | — | 17.55% | — | — | 11.98% |
| Dec 31, 2009 | 9.89% | 20.49% | — | 15.87% | — | — | 9.02% |
| Dec 31, 2008 | 14.30% | 22.99% | — | 23.44% | — | — | 16.74% |
| Dec 31, 2007 | 13.97% | 24.06% | — | 23.29% | — | — | 16.69% |
| Dec 31, 2006 | 13.00% | 19.92% | — | 23.34% | — | — | — |
| Dec 31, 2005 | 12.26% | 17.88% | — | 24.77% | — | — | — |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Roper Technologies Inc., ROE, long-term trends, comparison to sector (technology hardware & equipment)
| Roper Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2022 | 28.34% | 122.76% |
| Dec 31, 2021 | 9.97% | 96.47% |
| Dec 31, 2020 | 9.06% | 68.72% |
| Dec 31, 2019 | 18.63% | 52.95% |
| Dec 31, 2018 | 12.20% | 39.07% |
| Dec 31, 2017 | 14.16% | 28.71% |
| Dec 31, 2016 | 11.38% | 29.20% |
| Dec 31, 2015 | 13.14% | 34.61% |
| Dec 31, 2014 | 13.59% | 28.07% |
| Dec 31, 2013 | 12.78% | 25.70% |
| Dec 31, 2012 | 13.11% | 29.32% |
| Dec 31, 2011 | 13.37% | 26.14% |
| Dec 31, 2010 | 11.73% | 23.63% |
| Dec 31, 2009 | 9.89% | 17.78% |
| Dec 31, 2008 | 14.30% | 23.25% |
| Dec 31, 2007 | 13.97% | 23.52% |
| Dec 31, 2006 | 13.00% | 22.33% |
| Dec 31, 2005 | 12.26% | 23.09% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Roper Technologies Inc., ROE, long-term trends, comparison to industry (information technology)
| Roper Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 28.34% | 38.03% |
| Dec 31, 2021 | 9.97% | 41.64% |
| Dec 31, 2020 | 9.06% | 35.38% |
| Dec 31, 2019 | 18.63% | 35.94% |
| Dec 31, 2018 | 12.20% | 30.23% |
| Dec 31, 2017 | 14.16% | 23.19% |
| Dec 31, 2016 | 11.38% | 23.00% |
| Dec 31, 2015 | 13.14% | 25.97% |
| Dec 31, 2014 | 13.59% | 25.43% |
| Dec 31, 2013 | 12.78% | 24.73% |
| Dec 31, 2012 | 13.11% | 26.09% |
| Dec 31, 2011 | 13.37% | 29.03% |
| Dec 31, 2010 | 11.73% | 27.62% |
| Dec 31, 2009 | 9.89% | 20.05% |
| Dec 31, 2008 | 14.30% | 25.24% |
| Dec 31, 2007 | 13.97% | 23.67% |
| Dec 31, 2006 | 13.00% | 22.58% |
| Dec 31, 2005 | 12.26% | 21.92% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).