Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

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

Analysis of Reportable Segments 

Microsoft Excel

Segment Profit Margin

Roper Technologies Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 27.05% 26.71% 26.04% 25.53% 24.64%
Network Software 41.39% 38.22% 31.62% 35.21% 36.01%
Technology Enabled Products 33.17% 30.94% 32.21% 31.39% 30.72%

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).

Segment profitability ratio Reportable segment The company
Segment profit margin Application Software Application Software segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Network Software Network Software segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Technology Enabled Products Technology Enabled Products segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Segment Profit Margin: Application Software

Roper Technologies Inc.; Application Software; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 714,000 635,900 468,700 405,400 358,000
Net revenues 2,639,500 2,380,600 1,799,900 1,588,000 1,452,700
Segment Profitability Ratio
Segment profit margin1 27.05% 26.71% 26.04% 25.53% 24.64%

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).

1 2022 Calculation
Segment profit margin = 100 × Operating profit ÷ Net revenues
= 100 × 714,000 ÷ 2,639,500 = 27.05%

Segment profitability ratio Reportable segment The company
Segment profit margin Application Software Application Software segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Profit Margin: Network Software

Roper Technologies Inc.; Network Software; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 570,600 511,600 549,800 538,500 484,400
Net revenues 1,378,500 1,338,400 1,738,600 1,529,500 1,345,200
Segment Profitability Ratio
Segment profit margin1 41.39% 38.22% 31.62% 35.21% 36.01%

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).

1 2022 Calculation
Segment profit margin = 100 × Operating profit ÷ Net revenues
= 100 × 570,600 ÷ 1,378,500 = 41.39%

Segment profitability ratio Reportable segment The company
Segment profit margin Network Software Network Software segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Profit Margin: Technology Enabled Products

Roper Technologies Inc.; Technology Enabled Products; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 449,100 482,600 473,500 501,100 523,900
Net revenues 1,353,800 1,559,600 1,469,900 1,596,400 1,705,600
Segment Profitability Ratio
Segment profit margin1 33.17% 30.94% 32.21% 31.39% 30.72%

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).

1 2022 Calculation
Segment profit margin = 100 × Operating profit ÷ Net revenues
= 100 × 449,100 ÷ 1,353,800 = 33.17%

Segment profitability ratio Reportable segment The company
Segment profit margin Technology Enabled Products Technology Enabled Products segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Segment Return on Assets (Segment ROA)

Roper Technologies Inc., ROA by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 3.81% 4.45% 3.22% 4.84% 4.28%
Network Software 10.44% 8.75% 8.37% 8.41% 12.24%
Technology Enabled Products 29.89% 26.74% 25.42% 26.55% 24.12%

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).

Segment profitability ratio Reportable segment The company
Segment ROA Application Software Application Software segment ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Network Software Network Software segment ROA improved from 2020 to 2021 and from 2021 to 2022.
Technology Enabled Products Technology Enabled Products segment ROA improved from 2020 to 2021 and from 2021 to 2022.

Segment ROA: Application Software

Roper Technologies Inc.; Application Software; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 714,000 635,900 468,700 405,400 358,000
Total assets 18,723,300 14,281,700 14,544,300 8,384,300 8,356,100
Segment Profitability Ratio
Segment ROA1 3.81% 4.45% 3.22% 4.84% 4.28%

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).

1 2022 Calculation
Segment ROA = 100 × Operating profit ÷ Total assets
= 100 × 714,000 ÷ 18,723,300 = 3.81%

Segment profitability ratio Reportable segment The company
Segment ROA Application Software Application Software segment ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Segment ROA: Network Software

Roper Technologies Inc.; Network Software; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 570,600 511,600 549,800 538,500 484,400
Total assets 5,467,400 5,845,500 6,572,300 6,406,300 3,958,700
Segment Profitability Ratio
Segment ROA1 10.44% 8.75% 8.37% 8.41% 12.24%

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).

1 2022 Calculation
Segment ROA = 100 × Operating profit ÷ Total assets
= 100 × 570,600 ÷ 5,467,400 = 10.44%

Segment profitability ratio Reportable segment The company
Segment ROA Network Software Network Software segment ROA improved from 2020 to 2021 and from 2021 to 2022.

Segment ROA: Technology Enabled Products

Roper Technologies Inc.; Technology Enabled Products; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Operating profit 449,100 482,600 473,500 501,100 523,900
Total assets 1,502,700 1,804,500 1,863,000 1,887,400 2,171,900
Segment Profitability Ratio
Segment ROA1 29.89% 26.74% 25.42% 26.55% 24.12%

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).

1 2022 Calculation
Segment ROA = 100 × Operating profit ÷ Total assets
= 100 × 449,100 ÷ 1,502,700 = 29.89%

Segment profitability ratio Reportable segment The company
Segment ROA Technology Enabled Products Technology Enabled Products segment ROA improved from 2020 to 2021 and from 2021 to 2022.

Segment Asset Turnover

Roper Technologies Inc., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 0.14 0.17 0.12 0.19 0.17
Network Software 0.25 0.23 0.26 0.24 0.34
Technology Enabled Products 0.90 0.86 0.79 0.85 0.79

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).

Segment activity ratio Reportable segment The company
Segment asset turnover Application Software Application Software segment asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Network Software Network Software segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.
Technology Enabled Products Technology Enabled Products segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Asset Turnover: Application Software

Roper Technologies Inc.; Application Software; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net revenues 2,639,500 2,380,600 1,799,900 1,588,000 1,452,700
Total assets 18,723,300 14,281,700 14,544,300 8,384,300 8,356,100
Segment Activity Ratio
Segment asset turnover1 0.14 0.17 0.12 0.19 0.17

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).

1 2022 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 2,639,500 ÷ 18,723,300 = 0.14

Segment activity ratio Reportable segment The company
Segment asset turnover Application Software Application Software segment asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Segment Asset Turnover: Network Software

Roper Technologies Inc.; Network Software; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net revenues 1,378,500 1,338,400 1,738,600 1,529,500 1,345,200
Total assets 5,467,400 5,845,500 6,572,300 6,406,300 3,958,700
Segment Activity Ratio
Segment asset turnover1 0.25 0.23 0.26 0.24 0.34

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).

1 2022 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 1,378,500 ÷ 5,467,400 = 0.25

Segment activity ratio Reportable segment The company
Segment asset turnover Network Software Network Software segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Segment Asset Turnover: Technology Enabled Products

Roper Technologies Inc.; Technology Enabled Products; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net revenues 1,353,800 1,559,600 1,469,900 1,596,400 1,705,600
Total assets 1,502,700 1,804,500 1,863,000 1,887,400 2,171,900
Segment Activity Ratio
Segment asset turnover1 0.90 0.86 0.79 0.85 0.79

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).

1 2022 Calculation
Segment asset turnover = Net revenues ÷ Total assets
= 1,353,800 ÷ 1,502,700 = 0.90

Segment activity ratio Reportable segment The company
Segment asset turnover Technology Enabled Products Technology Enabled Products segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Capital Expenditures to Depreciation

Roper Technologies Inc., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 0.05 0.04 0.04 0.08 0.09
Network Software 0.05 0.03 0.05 0.11 0.08
Technology Enabled Products 0.31 0.19 0.23 0.43 0.36

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).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Application Software Application Software segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Network Software Network Software segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Technology Enabled Products Technology Enabled Products segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Segment Capital Expenditures to Depreciation: Application Software

Roper Technologies Inc.; Application Software; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 20,700 18,000 12,900 17,400 19,000
Depreciation and other amortization 455,800 421,000 296,900 230,200 212,800
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.05 0.04 0.04 0.08 0.09

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).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and other amortization
= 20,700 ÷ 455,800 = 0.05

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Application Software Application Software segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Segment Capital Expenditures to Depreciation: Network Software

Roper Technologies Inc.; Network Software; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 8,800 6,000 8,900 15,100 8,300
Depreciation and other amortization 164,200 171,800 178,500 132,900 98,100
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.05 0.03 0.05 0.11 0.08

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).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and other amortization
= 8,800 ÷ 164,200 = 0.05

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Network Software Network Software segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Segment Capital Expenditures to Depreciation: Technology Enabled Products

Roper Technologies Inc.; Technology Enabled Products; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 9,200 6,400 8,000 17,300 15,400
Depreciation and other amortization 29,800 33,300 34,700 40,300 42,600
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.31 0.19 0.23 0.43 0.36

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).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and other amortization
= 9,200 ÷ 29,800 = 0.31

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Technology Enabled Products Technology Enabled Products segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Net revenues

Roper Technologies Inc., net revenues by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 2,639,500 2,380,600 1,799,900 1,588,000 1,452,700
Network Software 1,378,500 1,338,400 1,738,600 1,529,500 1,345,200
Technology Enabled Products 1,353,800 1,559,600 1,469,900 1,596,400 1,705,600
Process Technologies 499,200 518,700 652,900 687,700
Total 5,371,800 5,777,800 5,527,100 5,366,800 5,191,200

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).


Operating profit

Roper Technologies Inc., operating profit by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 714,000 635,900 468,700 405,400 358,000
Network Software 570,600 511,600 549,800 538,500 484,400
Technology Enabled Products 449,100 482,600 473,500 501,100 523,900
Process Technologies 152,900 131,600 225,800 233,600
Corporate (209,200) (203,300) (192,500) (172,400) (203,500)
Total 1,524,500 1,579,700 1,431,100 1,498,400 1,396,400

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).


Total assets

Roper Technologies Inc., total assets by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 18,723,300 14,281,700 14,544,300 8,384,300 8,356,100
Network Software 5,467,400 5,845,500 6,572,300 6,406,300 3,958,700
Technology Enabled Products 1,502,700 1,804,500 1,863,000 1,887,400 2,171,900
Process Technologies 530,900 599,200 632,400 653,400
Corporate 1,287,400 462,700 446,000 798,500 109,400
Total 26,980,800 22,925,300 24,024,800 18,108,900 15,249,500

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).


Capital expenditures

Roper Technologies Inc., capital expenditures by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 20,700 18,000 12,900 17,400 19,000
Network Software 8,800 6,000 8,900 15,100 8,300
Technology Enabled Products 9,200 6,400 8,000 17,300 15,400
Process Technologies 1,400 1,200 2,700 6,300
Corporate 1,400 1,100 200 200 100
Total 40,100 32,900 31,200 52,700 49,100

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).


Depreciation and other amortization

Roper Technologies Inc., depreciation and other amortization by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Application Software 455,800 421,000 296,900 230,200 212,800
Network Software 164,200 171,800 178,500 132,900 98,100
Technology Enabled Products 29,800 33,300 34,700 40,300 42,600
Process Technologies 7,700 10,400 12,000 12,700
Corporate 300 300 300 600 800
Total 650,100 634,100 520,800 416,000 367,000

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).