Roper Technologies Inc. Common Stock (ROP)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,745,200	1,524,500	1,241,200	1,082,900	1,328,300
Revenue	US$ in thousands	6,177,800	5,371,800	4,833,800	4,022,400	4,727,700
Operating profit margin		28.25%	28.38%	25.68%	26.92%	28.10%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,745,200K ÷ $6,177,800K
= 28.25%

The operating profit margin of Roper Technologies Inc has exhibited stability and a generally positive trend over the past five years. The company's operating profit margin stood at 28.25% in 2023, a slight decrease from the previous year but remaining relatively strong. This indicates that Roper Technologies has been effective in managing its operating expenses and generating profits from its core business activities. The consistent high operating profit margins over the years reflect the company's efficiency in controlling costs and maximizing operational performance. Overall, Roper Technologies Inc has demonstrated a stable and healthy operating profit margin performance in recent years.