Roper Technologies Inc.
ROPHIGH VELOCITYDEAL MODE DOMINANTRoper Technologies Inc. reads as an High Velocity (composite 70/100); Sustained Capital Deployer deploying $8B across 19 disclosed transactions, running flat vs the prior cycle · primary market Machinery & Automation, ranked #2 on disclosed spend.
Lens
Disclosed M&A capital (2023–2025)
$8.1B
vs $10B in 2020–2022
Disclosed transactions
19
3/3 active fiscal years in window
Buyer archetype
Sustained Capital Deployer
Large disclosed acquisition spend recurs across many years.
Composite score
70
High Velocity dominates · Deal Mode Dominant
Roper Technologies (ROP) is a public-company acquirer in industrial - machinery with $31.5B of disclosed M&A spend across 83 acquisitions over 19 active years. Strategy mix is led by Bolt On (55%), Platform (27%), Geographic Expansion (18%). Current capacity: $383M cash, $10.5B total debt, 3.1x net leverage (high yield range). Currently $364M above the IG 3.0x threshold; $6.1B of remaining debt capacity before the 5.0x HY ceiling. Disclosed median deal size sits at $380M.
- “In the last three years, we have deployed approximately $8,960 of capital toward acquisitions. In 2025, this included approximately $1,850 for the acquisition of CentralReach, a leading provider of Software-as-a-Service (“SaaS”) and AI-enabled solutions for applied behavior analysis (“ABA”) therapy clinicians, and approximately $800 for the acquisition of Subsplash, a leading provider of AI-enabled SaaS, and integrated giving solutions, for faith-based organizations. Additionally, we deployed approximately $1,470 toward other bolt-on acquisitions to help build on the strategic position of several of our businesses.”- 10-K FY2025
- “In 2024, this included approximately $1,860 for the acquisition of Procare, a leading provider of Software-as-a-Service (“SaaS”) solutions and integrated payment processing for early childhood education centers”- 10-K FY2024
- “we have deployed approximately $3,750 in 2022 for the acquisition of Frontline Education”- 10-K FY2022
- ▸Continued tuck-in cadence around existing operations
- ▸Disciplined size constraint suggests no transformational deals
- ▸Room for a $6.1B debt-funded acquisition before HY 5.0x.
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $31.2B disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 39d
- 95 acquisition-history signals
- 251 8-Ks
Target Probability
Issuers showing target-side patterns from filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
Pressure Watch
Issuers facing activism, governance, or control pressure
Distress Watch
Issuers showing financial-distress filing patterns
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 251 8-Ks
- 4 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $44.7B
- 10-Q 39d ago
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $6,018M · Peak count: 11
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 11 | $3.3B | $300M | N/A |
| 2024 | 4 | $3.5B | $867M | N/A |
| 2023 | 4 | $1.3B | $333M | N/A |
| 2022 | 8 | $3.8B | $469M | N/A |
| 2021 | 7 | $217M | $31M | N/A |
| 2020 | 6 | $6B | $1B | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On50%
- Platform50%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- bolt_on
- platform
- geographic_expansion
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“approximately $1,600 for the acquisition of Transact Campus, a leading provider of integrated campus technology and payment solutions serving higher education, healthcare, and business campuses, which was combined with our CBORD business”
“In 2024, this included approximately $1,860 for the acquisition of Procare, a leading provider of Software-as-a-Service (“SaaS”) solutions and integrated payment processing for early childhood education centers”
“In the last three years, we have deployed approximately $8,960 of capital toward acquisitions. In 2025, this included approximately $1,850 for the acquisition of CentralReach, a leading provider of Software-as-a-Service (“SaaS”) and AI-enabled solutions for applied behavior analysis (“ABA”) therapy clinicians, and approximately $800 for the acquisition of Subsplash, a leading provider of AI-enabled SaaS, and integrated giving solutions, for faith-based organizations. Additionally, we deployed approximately $1,470 toward other bolt-on acquisitions to help build on the strategic position of several of our businesses.”
“In the last three years, we have deployed approximately $6,550 of capital toward acquisitions, including approximately $1,380 in 2023 for the acquisition of Syntellis Performance Solutions, a leading provider of Software-as-a-Service (“SaaS”) solutions for healthcare, financial institution, and higher education providers and approximately $3,750 in 2022 for the acquisition of Frontline, a leading provider of SaaS solutions for school administration.”
“We pursue consistent and sustainable growth in revenue, earnings, and cash flow by enabling continuous improvement in the operating performance of our businesses and by acquiring other businesses that offer high value-added software, services, technology-enabled products, and solutions that we believe are capable of achieving growth and maintaining high margins.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Machinery & Automation
- Market spend (2023–2025)
- $92.5B
- Market spend (2020–2022)
- $69.9B
- Recent vs prior
- +32%
- Issuer rank in market
- #2 of 126
- Share of market capital
- 8.9%
Valuation positioning
ROP trades at a -6.2-turn discount to the Machinery & Automation peer median of 20.0×.
- EV / Revenue
- 5.5×
- Net debt / EBITDA
- 3.1×
- Peer median EV / EBITDA
- 20.0×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
AMETEK, Inc.AME | 24.3× | 7.2× | 0.3× | $7.6B | $3.3B |
| 20.1× | 10.1× | 5.7× | $9.5B | $3.5B | |
| 20.0× | 5.4× | 1.9× | $24.8B | N/A | |
| 17.6× | 5.0× | 1.1× | $18.3B | $9.1B | |
DOVER CorpDOV | 17.5× | 3.8× | 1.3× | $8.3B | $1.8B |
Roper Technologies Inc.ROP | 13.8× | 5.5× | 3.1× | $8.1B | $8.1B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Machinery & Automation. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)332026-02-24
- 10-Q (quarterly)962026-05-01
- 8-K (event)2512026-04-23
- Proxy / DEF 14A402026-04-07
- Activism (13D / DFAN / PREC)0N/A
Signals on file
- info
Signal
Disclosed acquisition spend
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.