Roper Technologies, Inc. (ROP)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	4,878,300	4,307,200	3,752,800	3,407,600	2,828,300
Revenue	US$ in thousands	7,039,200	6,177,800	5,371,800	4,833,800	4,022,400
Gross profit margin		69.30%	69.72%	69.86%	70.50%	70.31%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,878,300K ÷ $7,039,200K
= 69.30%

The gross profit margin of Roper Technologies, Inc. has been relatively stable over the past five years, ranging from 69.30% at the end of December 31, 2024, to 70.50% at the end of December 31, 2021. This indicates that the company is effectively controlling its production costs and maximizing its profitability on sales. However, there has been a slight decline in the gross profit margin from 2021 to 2024, which may suggest potential pressures on cost management or pricing strategies. Overall, Roper Technologies has maintained a healthy gross profit margin, reflecting its ability to efficiently generate profits from its core business operations.