Investment Thesis
Roper Technologies owns niche, asset-light software and industrial businesses that generate high recurring revenue and free cash flow. Portfolio optimization and disciplined M&A drive compounding.
- Recurring Software: Network, healthcare, and supply-chain SaaS assets lead growth.
- Capital Deployment: Strong cash conversion funds bolt-ons without heavy leverage.
- Portfolio Pruning: Divesting low-growth businesses sharpens focus on software.