Roper Technologies develops specialized software and technology-enabled products for healthcare, insurance, education, government contractors, freight, construction and other markets. It combines decentralized operating businesses with centrally directed acquisition and capital-allocation decisions.
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A snapshot of what ROPER TECHNOLOGIES INC owns and owes at a point in time.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230000882835-24-000008 | Feb 22, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240000882835-25-000008 | Feb 24, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250000882835-26-000009 | Feb 24, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Roper combines substantial recurring software revenue, specialized products and low physical capital requirements, but acquisitions, financing costs and investment gains materially affect its reported results. In 2025, revenue reached $7.9 billion and operating income increased, while net earnings slipped because investment gains declined and interest expense rose. Operating cash flow benefited from approximately $150 million of tax-law savings. Developments after the February 24, 2026 annual filing changed the picture: third-quarter organic revenue growth reached a reported 7%, buybacks supported per-share earnings, and Roper received $1.239 billion from Indicor’s instrumentation sale. That receipt was investing cash flow, not operating profit. Pending pump disposals, remaining transaction taxes, acquisition-related intangible assets and refinancing requirements still qualify the outlook. The latest financial update supplied is the October 22, 2026 earnings release.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30 · EX-99.1 · 2026-10-22
Application Software represented 56.7% of 2025 revenue, serving markets such as healthcare, insurance, education and government contracting. Network Software contributed 20.3%, including freight matching, construction information and specialized networks. Technology Enabled Products supplied the remaining 23.0%, including water meters, medical devices and precision measurement. No customer accounted for 10% of company or individual-segment revenue. This diversification reduces dependence on any single customer without eliminating exposure to particular industries or shared technology providers.
Of $7,902.5 million in 2025 revenue, $4,482.9 million was classified as recurring software revenue and $833.1 million as reoccurring transaction- or volume-based revenue. These are different economics: usage-based fees depend on activity, while recurring revenue includes annual licenses that can be recognized upfront rather than ratably. Neither category is annual recurring revenue, and neither establishes retention or pricing power. Dollar amounts throughout this package are U.S. dollars; financial statement amounts are in millions unless otherwise stated.
Sources: 10-K · 2025-12-31
Revenue increased a reported 12.3% in 2025: acquisitions contributed 6.7 percentage points, organic growth 5.4 points and currency 0.2 points. Operating income reached $2,235.4 million, but operating margin edged down to 28.3%. Application Software benefited from operating leverage and Transact/CBORD integration savings; Network Software’s acquired payments businesses and amortization reduced its margin. Technology Enabled Products improved through medical-product growth and mix. Organic growth is the company’s acquisition- and currency-adjusted measure, not a disclosed price-versus-volume bridge.
Net earnings nevertheless declined to $1,536.3 million from $1,549.3 million. The main offsets to operating improvement were lower equity-investment gains and higher net interest expense. The comparison includes 2024’s $135.6 million pretax Certinia disposal gain. Continuing diluted EPS declined to $14.20 from $14.35; the full-year diluted share denominator increased slightly despite late-2025 repurchases. Segment profits exclude corporate administration and enterprise-wide stock compensation and therefore are not fully burdened consolidated profits.
Sources: 10-K · 2025-12-31 · 10-K · 2024-12-31
Operating cash flow was $2,540.3 million in 2025, versus $2,393.2 million in 2024. Approximately $150 million of cash-tax benefit from the July 2025 tax law helped the increase; less favorable receivable and accrued-liability movements provided offsets. Cash flow also adds back amortization and stock compensation and is not profit. Physical capital expenditure was only $47.4 million, but capitalized software spending was another $57.3 million and expensed research, development and engineering totaled $852.5 million. Low physical investment does not mean little product-development spending.
Net acquisition cash spending of $3,290.0 million exceeded operating cash flow, before $355.0 million of dividends and fourth-quarter buybacks. Gross debt reached $9,355.9 million at December 31, 2025, against $297.4 million cash. Advance software billing supports negative working capital, but deferred revenue requires future service delivery. Acquisition prices, cash-flow acquisition spending and contemplated tax benefits describe different aspects of transactions and are not additive uses or sources of cash.
Sources: 10-K · 2025-12-31
The October 22, 2026 release reported third-quarter revenue of $2,171.8 million, with rounded growth of 8%, including 7% organic growth. Operating income was $623.2 million. GAAP earnings of $484.7 million included investment gains and favorable tax effects. Adjusted earnings rose a reported 5%, while adjusted diluted EPS rose 15% to $5.89: fewer diluted shares materially amplified per-share growth. Management raised full-year adjusted EPS guidance to $22.35–$22.40, a conditional forecast rather than an achieved annual result.
Roper received $1,239.2 million from Indicor’s completed instrumentation sale, classified as investing cash flow. Cornell Pump and Roper Pump disposals remained pending as of October 22; their proceeds were excluded from guidance. Nine-month operating cash flow was $1,882.2 million, repurchase cash spending $2,726.7 million and dividends $281.4 million. September cash was $311.0 million. Debt carrying amounts were $1,415.1 million current and $8,304.6 million noncurrent. These balances, not management’s undefined deployment-capacity figure, describe reported liquidity.
Sources: EX-99.1 · 2026-10-22
Goodwill and net other intangibles totaled approximately $31.0 billion at September 2026. Their value depends on acquired businesses sustaining customer relationships, growth and margins. Cloud and AI-model suppliers introduce outage, pricing, privacy and intellectual-property risks; AI monetization remains a management thesis without separately reported revenue or savings. Roper reported covenant compliance through the June quarterly reporting period, not September. Known senior-note maturities include $700 million in December 2026 and $700 million in September 2027; the exact bridge to September’s current-debt classification is not supplied.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30 · EX-99.1 · 2026-10-22
USD 7.9025 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · operations: continuing
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 7.9025 bn | 12.3% |
| 2024 | USD 7.0392 bn | 13.9% |
| 2023 | USD 6.1778 bn | — |
Consolidated net revenue from continuing operations.
Sources: 10-K · 2025-12-31
USD 1.3842 bn
FY2023 · GAAP · consolidated · Attribution: consolidated · Reported currency · operations: total
| Fiscal year | Value | YoY |
|---|---|---|
| 2023 | USD 1.3842 bn | — |
Consolidated net earnings including $15.8 million from discontinued operations.
Sources: 10-K · 2025-12-31
USD 1.5363 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · operations: total
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 1.5363 bn | -0.8% |
| 2024 | USD 1.5493 bn | — |
Consolidated net earnings including discontinued operations.
Sources: 10-K · 2025-12-31
USD 2.5403 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · operations: total
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 2.5403 bn | 6.1% |
| 2024 | USD 2.3932 bn | 17.6% |
| 2023 | USD 2.0351 bn | — |
Consolidated operating cash flow including discontinued operations.
Sources: 10-K · 2025-12-31
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