Roper Technologies Inc. Common Stock (ROP)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,758,900	3,260,200	3,221,600	3,114,700	4,841,100	3,176,700	3,136,400	3,114,100	1,389,000	1,336,000	1,264,300	1,210,000	1,154,400	1,988,200	2,032,500	2,070,700	2,185,300	1,397,500	1,371,200	1,362,300
Revenue (ttm)	US$ in thousands	6,177,800	5,995,200	5,782,100	5,561,700	5,371,800	5,197,500	5,079,300	4,958,300	4,934,900	4,624,600	4,590,700	4,634,700	4,659,700	4,756,100	4,912,400	5,008,900	5,014,700	5,348,300	5,312,500	5,275,900
Pretax margin		28.47%	54.38%	55.72%	56.00%	90.12%	61.12%	61.75%	62.81%	28.15%	28.89%	27.54%	26.11%	24.77%	41.80%	41.37%	41.34%	43.58%	26.13%	25.81%	25.82%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,758,900K ÷ $6,177,800K
= 28.47%

The pretax margin of Roper Technologies Inc has shown a consistent upward trend over the past eight quarters. In Q4 2023, the pretax margin reached 28.22%, the highest level in the provided data set. This indicates that the company has been effectively managing its operating expenses and generating strong profitability before accounting for taxes. The gradual increase in pretax margin from 23.87% in Q4 2022 to 28.22% in Q4 2023 suggests an improvement in operational efficiency and financial performance over time. Roper Technologies Inc appears to be effectively controlling costs and maximizing operating income, which is a positive signal for investors and stakeholders.