Moat
83.0/10
Roper owns many vertical software businesses with recurring revenue, deep workflow embedding, customer-specific integrations, proprietary operational data, and acquisition-backed portfolio scale.
ROPQueued from the May 25, 2026 S&P 500 market-cap snapshot ranks 251-275; market and source data refreshed on 2026-06-27.
Roper Technologies
Roper Technologies owns application software and technology-enabled product businesses serving healthcare, legal, education, freight, insurance, and industrial markets.
Metadata
Where this company sits
- Ticker
- ROP
- Rank snapshot
- ≈ 263
- Sector
- Information Technology
- Industry
- Software & Cloud Platforms
- Region
- United States
- Index
- S&P 500 · Top 275 by market cap
Metrics
Scoring view
Every metric is paired with a short rationale. The numbers are deliberate, not divine.
Decentralizability
45.0/10
Many Roper workflows can be opened through self-hosted software, standards, and federated marketplaces, but regulated insurance, freight trust, enterprise support, and vertical-domain switching costs limit near-term decentralization.
Profitability
82.0/10
Roper's 2025 annual report showed $7.9 billion of revenue, $3.1 billion of EBITDA, $2.5 billion of free cash flow, and $1.54 billion of net earnings, indicating strong scaled profitability and cash conversion.
Price / Earnings
21.1x
CompaniesMarketCap reported Roper's trailing P/E ratio at approximately 21.1 in June 2026; this is a point-in-time market-data input.
Market cap
$34.1B
CompaniesMarketCap reported Roper's market capitalization at about $34.14 billion in June 2026.
Freed-up capital potential
$0.0
Derived from market cap, moat resistance, decentralizability, and profitability. It is a directional estimate of value capture that could come under pressure if open alternatives compound.
Narrative
Why the company matters
A short editorial overview plus the current thesis on moat strength and decentralization pressure.
Business
Roper Technologies is a portfolio company focused on vertical market software and technology-enabled products, with management describing the business as roughly three-quarters vertical market software and one-quarter technology-enabled products.
Its portfolio includes application software businesses such as Vertafore, Aderant, Deltek, Frontline, Procare, and Strata, plus network-software businesses such as DAT Freight & Analytics and iPipeline.
Financial Snapshot
Roper reported 2025 revenue of about $7.9 billion, EBITDA of about $3.1 billion, and free cash flow of about $2.5 billion, supported by recurring vertical software revenue and acquisition-led capital deployment.
The company also reported first-quarter 2026 revenue of $2.10 billion, adjusted EBITDA of $797 million, and free cash flow of $562 million, while continuing share repurchases and raising full-year adjusted diluted EPS guidance.
Moat reading
Roper's moat is portfolio-based rather than a single product fortress. It owns many niche software systems that are embedded in vertical workflows, where customer data, compliance requirements, integrations, switching costs, and domain-specific support all compound over time.
The acquisition model strengthens that moat when Roper buys durable category leaders and leaves them close to customers. The risk is that many of these businesses serve narrower markets where open tools, federated standards, or AI-native workflow automation can pressure specific functions before they threaten the whole portfolio.
Decentralization reading
Roper is partially decentralizable at the workflow layer. Freight matching, insurance distribution, policy administration, and logistics documentation can all be decomposed into open-source software, shared standards, self-hosted tools, cooperative networks, and federated data exchange.
Full displacement is harder because the products operate inside regulated, relationship-heavy, and trust-sensitive markets. Brokers, carriers, agencies, shippers, healthcare providers, schools, and industrial customers still need accountable vendors, support, compliance, integrations, and reliable operational continuity.
Products
Where the moat actually touches users
These pages zoom into the products and services that matter most to each company, the alternatives already nibbling at them, and 4 structured disruption concepts across the current product set.
4 disruption concepts tracked0 documented exceptions
DAT Freight & Analytics
Truckload freight marketplace and analytics
2 conceptsDAT Freight & Analytics operates DAT One, DAT iQ, Convoy Platform, Trucker Tools, and DAT Outgo for truckload freight matching, pricing analytics, visibility, and financial services.
Vertafore
Insurance distribution and agency management software
2 conceptsVertafore provides insurance technology for agencies, carriers, and MGAs across agency management, rating and quoting, producer compliance, data, analytics, workflow, and connectivity.
Technology waves
Strategic lenses
These are the repo's explicit bias terms: the technologies expected to keep making incumbents less inevitable over time.
Paper trail
Visible evidence trail
These sources shaped the scoring and writing. The site is opinionated, but it should not behave like it is improvising facts in a dark room.
Roper Technologies 2025 Annual Report and Form 10-K
Roper Technologies · annual report
Primary annual-report source for Roper's portfolio mix, 2025 financials, acquisition strategy, and vertical software positioning.
Reviewed 2026-06-27
Roper Technologies Businesses
Roper Technologies · investor relations
Corporate business portfolio page identifying DAT, Vertafore, and other Roper operating companies and describing their markets.
Reviewed 2026-06-27
Roper Technologies Announces First Quarter Financial Results
Roper Technologies · investor relations
Quarterly results source for Q1 2026 revenue, earnings, free cash flow, guidance, and AI workflow commentary.
Reviewed 2026-06-27
Roper Technologies Market Capitalization
CompaniesMarketCap · market data
Market-data source for Roper's current market capitalization snapshot.
Reviewed 2026-06-27
Roper Technologies P/E Ratio
CompaniesMarketCap · market data
Market-data source for Roper's trailing P/E ratio snapshot.
Reviewed 2026-06-27