Roper Technologies Inc. Common Stock (ROP)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 4,307,200 3,752,800 3,407,600 2,828,300 3,140,100
Revenue US$ in thousands 6,177,800 5,371,800 4,833,800 4,022,400 4,727,700
Gross profit margin 69.72% 69.86% 70.50% 70.31% 66.42%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,307,200K ÷ $6,177,800K
= 69.72%

The gross profit margin of Roper Technologies Inc has shown a generally upward trend over the past five years, with a slight fluctuation in certain periods. The company's gross profit margin increased from 63.86% in 2019 to 69.72% in 2023, indicating an improvement in the efficiency of production and cost management. This steady increase suggests that Roper Technologies has been effectively managing its cost of goods sold and generating a higher percentage of revenue as gross profit. Overall, the trend in the gross profit margin reflects positively on the company's operational performance and ability to maintain profitability.


Peer comparison

Dec 31, 2023


See also:

Roper Technologies Inc. Common Stock Gross Profit Margin