ROPROPER TECHNOLOGIES INC
Industrial Instruments For Measurement, Display, And Control
- Revenue
- $7.9B
- 12% YoY
- Operating margin
- 28.3%
- 0.3% YoY
- EBITDA
- $3.1B
- 12% YoY
- Market cap
- $46.1B
- Employees
- 19,400
- $407K revenue each
- Net debt / EBITDA
- 2.9×
- $9.0B net debt
- AI in 10-K
- 13.3
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 3 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$24M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo165% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo34% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes63% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$407K · 53rd pctBottom quartile of its SIC industry
- Quiet on AINo13.3 per 10K words · 95th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.9× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$46.1B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$20M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.8B | $5.4B | $6.2B | $7.0B | $7.9B | 12% |
| Operating income | $1.2B | $1.5B | $1.7B | $2.0B | $2.2B | 12% |
| Net income | $1.2B | $4.5B | $1.4B | $1.5B | $1.5B | 0.8% |
| Operating cash flow | $2.0B | $735M | $2.0B | $2.4B | $2.5B | 6.1% |
| Stock-based comp | $123M | $119M | $124M | $146M | $166M | 14% |
| Buybacks | — | — | $0 | $0 | $500M | |
| Dividends | $236M | $262M | $290M | $322M | $355M | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $6M · 4
- Open-market sells, 12 mo
- $26M · 14
- Net
- −$20M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $26M | $4M | 106 | 258 |
| FY2024 | $24M | $15M | 123 | 208 |
| FY2023 | $41M | $59M | 129 | 152 |
| FY2022 | $22M | $8M | 101 | 97 |
| FY2021 | $22M | $35M | 115 | 135 |