• Roper Technologies average gross margin for 2023 was 69.72%, a 1.23% decline from 2022.
• Roper Technologies average gross margin for 2022 was 70.59%, a 2.93% decline from 2021.
• Roper Technologies average gross margin for 2021 was 72.72%, a 7.27% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.