Roper Technologies vs Teledyne Technologies
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The short version
- Roper Technologies is the larger business, with $7.9B of revenue in fiscal 2025 against $6.1B for Teledyne Technologies.
- Roper Technologies grew revenue faster (12.3%, against 7.9%).
- Roper Technologies kept more of each dollar of sales as operating profit (28.3% operating margin, against 18.8%).
- Roper Technologies turned more of its sales into free cash flow (31.6% FCF margin, against 17.6%).
- Teledyne Technologies earned a higher return on the capital invested in it (7.8%, against 6.4%).
- Investors pay more for each dollar of Teledyne Technologies’s earnings: a P/E of 28.6x against 18.2x for Roper Technologies.
| Latest fiscal year | ROP · FY25 | TDY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $44.1B | $29.3B |
| Revenue | $7.9B | $6.1B |
| Free cash flow | $2.5B | $1.1B |
| Net income | $1.5B | $895M |
| Growth | ||
| Revenue growth | 12.3% | 7.9% |
| 5-year growth | 14.5% | 14.7% |
| Share count change | 0.2% | −0.4% |
| Profitability | ||
| Gross margin | 69.2% | 42.8% |
| Operating margin | 28.3% | 18.8% |
| Net margin | 19.4% | 14.6% |
| FCF margin | 31.6% | 17.6% |
| Return on capital | 6.4% | 7.8% |
| Return on equity | 7.9% | 8.9% |
| Balance sheet | ||
| Net debt | $9.0B | $2.1B |
| Net debt / EBITDA | 2.9x | 1.4x |
| Dividends and buybacks | $855M | $403M |
| Valuation & quality | ||
| P/E | 18.2x | 28.6x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
ROP $3.8B
TDY $2.1B
FY17
ROP $4.6B
TDY $2.6B
FY18
ROP $5.2B
TDY $2.9B
FY19
ROP $4.7B
TDY $3.2B
FY20
ROP $4.0B
TDY $3.1B
FY21
ROP $4.8B
TDY $4.6B
FY22
ROP $5.4B
TDY $5.5B
FY23
ROP $6.2B
TDY $5.6B
FY24
ROP $7.0B
TDY $5.7B
FY25
ROP $7.9B
TDY $6.1B
ROP
TDY
Operating margin
FY16
ROP 27.8%
TDY 11.2%
FY17
ROP 26.3%
TDY 12.4%
FY18
ROP 26.9%
TDY 14.4%
FY19
ROP 28.1%
TDY 15.5%
FY20
ROP 26.9%
TDY 15.6%
FY21
ROP 25.7%
TDY 13.5%
FY22
ROP 28.4%
TDY 17.8%
FY23
ROP 28.3%
TDY 18.4%
FY24
ROP 28.4%
TDY 17.4%
FY25
ROP 28.3%
TDY 18.8%
ROP
TDY
Free cash flow
FY16
ROP $927M
TDY $229M
FY17
ROP $1.2B
TDY $316M
FY18
ROP $1.4B
TDY $360M
FY19
ROP $1.4B
TDY $394M
FY20
ROP $1.5B
TDY $548M
FY21
ROP $2.0B
TDY $723M
FY22
ROP $695M
TDY $394M
FY23
ROP $2.0B
TDY $721M
FY24
ROP $2.3B
TDY $1.1B
FY25
ROP $2.5B
TDY $1.1B
ROP
TDY
Return on capital
FY16
ROP 7.8%
TDY 9.6%
FY17
ROP 10.1%
TDY 10.4%
FY18
ROP 9.3%
TDY 12.2%
FY19
ROP 8.0%
TDY 13.5%
FY20
ROP 5.0%
TDY 12.3%
FY21
ROP 5.0%
TDY 7.1%
FY22
ROP 5.7%
TDY 7.4%
FY23
ROP 6.0%
TDY 8.2%
FY24
ROP 6.3%
TDY 7.4%
FY25
ROP 6.4%
TDY 7.8%
ROP
TDY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.