Short answer
Roper Technologies (ROP) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $7.9B (+12.3% year over year) and net income of $1.5B.
- Top risk flagged: Total debt $9,355.9M as of Dec 31, 2025; goodwill $21,341.2M (~62% of total assets $34,577.0M), creating material impairment risk
FY2025 key financial metrics · XBRL
- Revenue
- $7.9B
- +12.3% YoY
- Net income
- $1.5B
- −0.8% YoY
- Operating margin
- 28.3%
- −0.1 pp YoY
- Gross margin
- 69.2%
- −0.1 pp YoY
- EPS (diluted)
- $14.20
- −1.0% YoY
- ROE
- 7.7%
- −0.5 pp YoY
- Operating cash flow
- $2.5B
- +6.1% YoY
Source: XBRL data from the Roper Technologies (ROP) FY2025 10-K on SEC EDGAR. USD.
Roper Technologies FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Diversified vertical software and tech-enabled products company; acquires and compounds cash flow across defensible niche markets
- Two major FY2025 acquisitions: CentralReach (~$1,850, ABA therapy SaaS/AI) and Subsplash (~$800, faith-based organization SaaS/AI); Loadlink merged into DAT
- $8,960 deployed across acquisitions in last three years, accelerating AI-enabled SaaS portfolio build-out across healthcare, education, and financial verticals
- 19,400 employees worldwide as of Dec 31, 2025; remaining performance obligations grew to $5,204.2 from $4,754.9 YoY
- Application Software dominates at 56.7% of net revenues ($4,483.0), with AI-enabled functionality now explicitly embedded across multiple segment businesses as a core differentiator
Management Discussion & Analysis
- Revenue $7,902.5M, up 12.3% YoY ($863.3M increase); organic growth 5.4%, acquisitions added 6.7%
- Operating margin 28.3% vs 28.4%; total segment margin 32.0% vs 32.2%; Network Software best at 43.5% vs 45.2%, Application Software weakest at 26.8% vs 26.5%
- Operating cash flow $2,540.3M, up 6% YoY; capex $47.4M; $500M buybacks in Q4 2025; $3B repurchase program authorized with $1,186.5M remaining as of Feb 2026
- Debt rose to $9,355.9M (32.0% of total capital) vs $7,669.2M (28.9%); issued $2,000M senior notes, repaid $1,000M at maturity
- Key risks: higher interest expense ($325.0M vs $259.2M), tariff/geopolitical uncertainty, debt-funded M&A pace; 2026 effective tax rate guided 21%–22%
Risk Factors
- Total debt $9,355.9M as of Dec 31, 2025; goodwill $21,341.2M (~62% of total assets $34,577.0M), creating material impairment risk
- GDPR non-compliance penalties up to 4% of global annual revenue; EU AI Act adds high-risk classification compliance burden
- International revenue 13% of net revenues; exposed to U.S. tariffs on China, Canada, Mexico, UK and retaliatory trade actions
- Sole-source suppliers and concentration in Amazon Web Services, Google Cloud, Microsoft Azure, Oracle Cloud for SaaS delivery
- AI competitors (OpenAI, Anthropic, Google, Microsoft) may outpace Roper's AI integration, risking commoditization of offerings
Generated from the filing text; verify against the original. How to read a 10-K
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