ROPER TECHNOLOGIES INCROP

ROPER TECHNOLOGIES INC Segments Disclosure

10-KFiled Feb 24, 20263 min read
Segment and Geographic Area Information
Our businesses are reported in three segments classified based on business model and delivery of performance obligations. The segments are: Application Software, Network Software, and Technology Enabled Products. The three reportable segments are as follows:

–Application Software—Aderant, CentralReach, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, and Vertafore;

–Network Software—ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, MHA, SHP, SoftWriters, and Subsplash;

–Technology Enabled Products—CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, and Verathon.

The Company’s chief operating decision maker (“CODM”) is a group that consists of the Chief Executive Officer and the Board of Directors. The CODM uses operating profit to measure segment performance to evaluate resource allocation, primarily related to capital deployment towards business acquisitions, as such decisions are made by our Chief Executive Officer and Board of Directors collectively.

There were no material transactions between Roper’s reportable segments during 2025, 2024, and 2023. Operating profit by reportable segment is defined as net revenues less operating costs and expenses. These costs and expenses do not include unallocated corporate general and administrative expenses or enterprise-wide stock-based compensation. Items below “Income from operations” in Roper’s Consolidated Statements of Earnings are not allocated to reportable segments.

Corporate assets are principally comprised of cash and cash equivalents, income taxes receivable, deferred tax assets, deferred compensation assets, an equity investment, and property and equipment.
Selected financial information by reportable segment for 2025, 2024, and 2023 was as follows:

 Application SoftwareNetwork SoftwareTechnology Enabled ProductsCorporateTotal
2025    
Net revenues$4,483.0 $1,600.8 $1,818.7 $— $7,902.5 
Cost of sales1,413.3 255.0 762.2 — 2,430.5 
Selling, general and administrative expenses1,866.6 650.0 429.8 290.2 3,236.6 
Operating profit$1,203.1 $695.8 $626.7 $(290.2)$2,235.4 
     
Depreciation and other amortization expense$702.2 $169.6 $23.1 $3.3 $898.2 
Total assets$25,372.6 $6,458.7 $1,666.0 $1,079.7 $34,577.0 
Capital expenditures$22.0 $9.0 $11.4 $5.0 $47.4 
Capitalized software expenditures$57.3 $— $— $— $57.3 
2024     
Net revenues$3,868.3 $1,475.6 $1,695.3 $— $7,039.2 
Cost of sales1,220.7 220.8 719.4 — 2,160.9 
Selling, general and administrative expenses1,624.2 588.3 401.6 267.4 2,881.5 
Operating profit$1,023.4 $666.5 $574.3 $(267.4)$1,996.8 
Depreciation and other amortization expense$628.8 $161.0 $21.7 $1.3 $812.8 
   
Total assets$23,600.9 $5,348.0 $1,498.1 $887.7 $31,334.7 
Capital expenditures$17.8 $4.8 $11.7 $31.7 $66.0 
Capitalized software expenditures$43.7 $1.3 $— $— $45.0 
2023     
Net revenues$3,186.9 $1,439.4 $1,551.5 $— $6,177.8 
Cost of sales991.1 213.8 665.7 — 1,870.6 
Selling, general and administrative expenses1,375.0 593.2 367.1 226.7 2,562.0 
Operating profit$820.8 $632.4 $518.7 $(226.7)$1,745.2 
   
Depreciation and other amortization expense$563.0 $162.5 $29.1 $0.6 $755.2 
Total assets$20,350.9 $5,363.8 $1,485.6 $967.2 $28,167.5 
Capital expenditures$20.1 $6.4 $13.8 $27.7 $68.0 
Capitalized software expenditures$39.5 $0.5 $— $— $40.0 

Summarized long-lived assets information for Roper’s U.S. and foreign operations (principally in Canada, Europe, and Asia) for 2025, 2024, and 2023 was as follows:

 202520242023
United States$340.0 $303.4 $251.1 
Non-U.S.32.6 23.9 20.1 
Total long-lived assets$372.6 $327.3 $271.2 
Sales to customers outside of the U.S. accounted for a significant portion of Roper’s net revenues. Sales are attributed to geographic areas based upon the location where the product is ultimately delivered. Roper’s net revenues for the years ended December 31, 2025, 2024, and 2023 are shown below by region, except for the U.S. and Canada, which are presented separately:

 202520242023
United States$6,872.8 $6,063.3 $5,304.4 
Canada291.7 288.3 254.6 
Europe541.4 495.1 453.2 
Asia71.1 74.1 75.1 
Rest of the world125.5 118.4 90.5 
Total net revenues$7,902.5 $7,039.2 $6,177.8 
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Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 24, 2025
2023Feb 22, 2024
2022Feb 27, 2023
2021Feb 22, 2022
2020Feb 22, 2021
2019Feb 28, 2020
2018Feb 25, 2019
2017Feb 23, 2018
2016Feb 27, 2017
2015Feb 26, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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