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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Roper Technologies (ROP) ten years ago? It may not have been easy to hold on to ROP for all that time, but if you did, how much would your investment be worth today?
Roper Technologies' Business In-Depth
With that in mind, let's take a look at Roper Technologies' main business drivers.
Based in Sarasota, FL, Roper Technologies, Inc. designs, manufactures and distributes software and technology enabled products and solutions. It caters to selected segments of a broad range of markets, which include legal, healthcare, government, food, transportation, oil & gas, medical, and other niche industries.
On a geographical basis, the company has operations in the United States (87.8% of 2023 net sales) and international markets (principally in Canada, Europe and Asia: 12.2%). Exiting 2023, the company had a global employee base of 16,800 people.
The company reports under three segments namely — Application Software, Network Software and Technology Enabled Products. These segments supports the company’s diversified, niche market strategy by emphasizing business models.
Application Software (51.6% of revenues in 2023) segment offers application management software, integrated security solutions, commerce platforms, and housing management systems to government contractors, professional services firms, as well as law firms. This segment includes businesses like Aderant, CBORD, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Strata and Vertafore.
Network Software & Systems (23.3%) offers transportation management software, broker logistics software, fleet compliance, distribution and intermodal services that are designed to serve brokers, carriers and shippers in the United States and Canada. It offers creative software technologies for design, visualization and entertainment industries. This segment is comprised of businesses like ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP and SoftWriters.
Technology Enabled Products (25.1%) sells high-resolution cameras and sensors, rugged handheld computers and patient-centric radiotherapy solutions for medical industries. The segment includes businesses like CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS and Verathon.
The company's fiscal year coincides with the calender year.