Roper Technologies vs Zebra Technologies
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Roper Technologies and Zebra Technologies side by side, using each one’s latest annual report. Here is what stands out:
- Roper Technologies is the larger business, with $7.9B of revenue in fiscal 2025 against $5.4B for Zebra Technologies.
- Roper Technologies grew revenue faster (12.3%, against 8.3%).
- Roper Technologies kept more of each dollar of sales as operating profit (28.3% operating margin, against 13.0%).
- Roper Technologies turned more of its sales into free cash flow (31.6% FCF margin, against 15.4%).
- Zebra Technologies earned a higher return on the capital invested in it (9.7%, against 6.4%).
- Investors pay more for each dollar of Zebra Technologies’s earnings: a P/E of 35.1x against 18.3x for Roper Technologies.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Roper Technologies
ROP
7/11
Revenue growth5-year growthGross marginOperating marginNet marginFCF marginPiotroski F-score
Zebra Technologies
ZBRA
4/11
Return on capitalReturn on equityNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | ROP FY25 | ZBRA FY25 |
|---|---|---|
| Size | ||
| Market cap | $44.4B | $18.5B |
| Revenue | $7.9B | $5.4B |
| Free cash flow | $2.5B | $831M |
| Net income | $1.5B | $419M |
| Growth | ||
| Revenue growth | 12.3% | 8.3% |
| 5-year growth | 14.5% | 3.9% |
| Share count change | 0.2% | −1.3% |
| Profitability | ||
| Gross margin | 69.2% | 48.1% |
| Operating margin | 28.3% | 13.0% |
| Net margin | 19.4% | 7.8% |
| FCF margin | 31.6% | 15.4% |
| Return on capital | 6.4% | 9.7% |
| Return on equity | 7.9% | 11.7% |
| Balance sheet | ||
| Net debt | $9.0B | $2.4B |
| Net debt / EBITDA | 2.9x | 2.7x |
| Dividends and buybacks | $855M | $587M |
| Valuation & quality | ||
| P/E | 18.3x | 35.1x |
| Piotroski F-score | 5 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.