ROPER TECHNOLOGIES INC

Listed Company

ROPCIK 0000882835NasdaqLarge AcceleratedIndustrial Instruments For Measurement, Display, And ControlDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.90B

Net Income

$1.54B

Total Assets

$34.58B

Equity

$19.88B

Shares Out

102.93M

Op. Cash Flow

$2.54B

Business

ROPER TECHNOLOGIES INC is a diversified technology company that operates market-leading businesses designing and developing vertical software and technology-enabled products for defensible niche markets. It offers application and network software, cloud-based SaaS solutions, integrated payment and campus technologies, electronic marketplaces, supply-chain and transportation platforms, and medical and precision measurement devices. Its key reportable segments are Application Software, Network Software, and Technology Enabled Products. It distributes globally through direct sales offices, manufacturers’ representatives, resellers, and distributors across healthcare, education, insurance, construction, transportation, utilities, and other end markets.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	7,903	7,039	6,178	5,372	4,834
Cost of sales	2,431	2,161	1,871	1,619	1,426
Gross profit	5,472	4,878	4,307	3,753	3,408
Selling, general and administrative expenses	3,237	2,882	2,562	2,228	2,072
Income from operations	2,235	1,997	1,745	1,525	1,241
Interest expense, net	325	259	165	192	—
Equity investments gain, net	−26	−235	−165	0	0
Other (income) expense, net	−200,000	5	3	50	25
Earnings before income taxes	1,936	1,967	1,743	1,282	1,032
Income taxes	400	418	375	296	227
Net earnings from continuing operations	1,536	1,549	1,368	986	805
Loss from discontinued operations, net of tax	0	0	−4	203	291
Gain on disposition of discontinued operations, net of tax	0	0	20	3,356	56
Net earnings from discontinued operations	0	0	16	3,559	347
Net earnings	1,536	1,549	1,384	4,545	1,153
Basic (in dollars per share)	14.3	14.47	12.83	9.31	7.65
Diluted (in dollars per share)	14.2	14.35	12.74	9.23	7.56
Basic (in dollars per share)	0	0	0.15	33.61	3.3
Diluted (in dollars per share)	0	0	0.15	33.32	3.26
Basic (in dollars per share)	14.3	14.47	12.98	42.92	10.95
Diluted (in dollars per share)	14.2	14.35	12.89	42.55	10.82
Basic (in shares)	107	107	107	106	105
Diluted (in shares)	108	108	107	107	107

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	297	188	214	793	352
Accounts receivable, net	1,001	885	830	725	688
Inventories, net	142	121	119	111	69
Income taxes receivable	128	26	48	61	17
Unbilled receivables	124	127	106	92	82
Prepaid expenses and other current assets	236	196	165	—	—
Total current assets	1,928	1,543	1,481	1,932	2,421
Property, plant and equipment, net	157	150	120	85	83
Goodwill	21,341	19,313	17,119	15,946	139
Other intangible assets, net	9,764	9,060	8,212	8,031	6,509
Deferred taxes	73	54	32	56	50
Equity investment	796	772	796	535	0
Other assets	517	443	408	395	370
Total assets	34,577	31,335	28,168	26,981	23,714
Accounts payable	150	148	143	123	98
Accrued compensation	293	289	250	229	262
Deferred revenue	1,907	1,737	1,584	1,371	1,106
Other accrued liabilities	642	546	447	455	399
Income taxes payable	28	68	40	17	117
Current portion of long-term debt, net	705	1,043	500	699	799
Total current liabilities	3,726	3,832	2,963	2,893	3,122
Long-term debt, net of current portion	8,596	6,580	5,831	5,963	7,123
Deferred taxes	1,883	1,631	1,513	1,677	1,466
Other liabilities	491	424	416	411	390
Total liabilities	14,696	12,467	10,723	10,943	12,150
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.01 par value per share; 1.0 shares authorized; none outstanding	0	0	0	0	0
Common stock, $0.01 par value per share; 350.0 shares authorized; 109.3 shares issued and 106.6 outstanding at December 31, 2025 and 108.9 shares issued and 107.3 outstanding at December 31, 2024	1	1	1	1	1
Additional paid-in capital	3,292	3,015	2,767	2,510	2,308
Retained earnings	17,206	16,035	14,816	13,731	9,456
Accumulated other comprehensive loss	−101	−167	−123	−187	−183
Treasury stock, 2.7 shares at December 31, 2025 and 1.6 shares at December 31, 2024	−516	−17	−17	−17	−18
Total stockholders equity	19,882	18,868	17,445	16,038	11,564
Total liabilities and stockholders equity	34,577	31,335	28,168	26,981	23,714

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property, plant and equipment	40	37	35	37	44
Amortization of intangible assets	858	776	720	613	572
Amortization of deferred financing costs	12	10	10	12	14
Non-cash stock compensation	166	146	124	119	123
Income tax provision	400	418	375	296	—
Accounts receivable	−90	14	−50	3	−74
Unbilled receivables	10	−19	−8	−11	−16
Inventories	−19	−2	−7	−43	−300,000
Prepaid expenses and other current assets	−36	−20	−4	−13	—
Accounts payable	−4	−13	18	21	16
Other accrued liabilities	17	109	−1	−8	27
Deferred revenue	125	111	94	53	162
Cash taxes paid for gains on disposals of equity investment and business	−30	0	−33	−954	0
Cash income taxes paid, excluding tax associated with gains on disposals of equity investment and business	−384	−484	−423	−499	−274
Other, net	−35	−6	−16	−5	−37
Cash provided by operating activities from continuing operations	2,540	2,393	2,037	607	1,656
Cash used in operating activities from discontinued operations	0	0	−2	128	356
Cash provided by operating activities	2,540	2,393	2,035	735	2,012
Acquisitions of businesses, net of cash acquired	−3,290	−3,613	−2,053	−4,280	−217
Capital expenditures	−47	−66	−68	−40	−29
Capitalized software expenditures	−57	−45	−40	−30	−30
Distributions from equity investment	5	11	33	0	0
Proceeds from sale of equity investment	0	246	0	0	—
Other, net	2	−1	−100,000	−1	−1
Cash used in investing activities from continuing operations	−3,388	−3,469	−2,128	−4,352	−249
Cash provided by disposition of discontinued operations	0	0	2	5,562	116
Cash used in investing activities	−3,388	−3,469	−2,126	1,210	−143
Proceeds from senior notes	2,000	2,000	0	0	0
Payments of senior notes	−1,000	−500	−700	−800	−500
Borrowings (payments) under revolving line of credit, net	725	−235	360	−470	−1,150
Debt issuance costs	−19	−25	0	−4	0
Cash dividends to stockholders	−355	−322	−290	−262	−236
Treasury stock sold under employee stock purchase plan	22	19	16	14	15
Repurchases of common stock	−500	0	0	—	—
Proceeds from stock-based compensation, net	89	89	115	68	64
Other, net	−38	44	0	−200,000	−100,000
Cash provided by (used in) financing activities	924	1,070	−500	−1,465	−1,814
Effect of exchange rate changes on cash	33	−20	12	−38	−12
Net increase (decrease) in cash and cash equivalents	109	−26	−579	441	43
Cash paid for interest	307	240	202	207	222
Equity consideration for business acquisition	7	0	0	—	—
Fair value of assets, including goodwill	3,559	3,935	2,235	4,892	250
Liabilities assumed	−262	−323	−182	−612	−33
Cash and equity consideration transferred, net of cash acquired	3,297	3,613	2,053	—	—

Filings

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