Roper Technologies Inc. Common Stock (ROP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,384,200 | 4,544,700 | 1,152,600 | 949,700 | 1,767,900 |
| Revenue | US$ in thousands | 6,177,800 | 5,371,800 | 4,833,800 | 4,022,400 | 4,727,700 |
| Net profit margin | 22.41% | 84.60% | 23.84% | 23.61% | 37.39% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,384,200K ÷ $6,177,800K
= 22.41%
The net profit margin of Roper Technologies Inc has displayed a varying trend over the past five years. In 2023, it stood at 22.41%, marking a decrease from the exceptionally high figure of 84.60% in 2022. This significant drop suggests a potential anomaly or one-off event that boosted profitability in the previous year. Comparing 2023 to the years prior, the net profit margin seems to have returned to a more normal range, following the fluctuations observed in 2020 and 2021. Overall, Roper Technologies Inc's net profit margin appears to have stabilized around the low to moderate levels seen in recent years, indicating consistent profitability performance.
Peer comparison
Dec 31, 2023