Roper Technologies (ROP) FY2025 10-K Annual Report
Roper Technologies (ROP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Roper Technologies FY2025 10-K Analysis
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
Roper Technologies FY2025 Key Financial MetricsXBRL
Revenue
$7.9B
▲ +12.3% YoY
Net Income
$1.5B
▼ -0.8% YoY
Gross Margin
69.2%
▼ -6bp YoY
Operating Margin
28.3%
▼ -8bp YoY
Net Margin
19.4%
▼ -257bp YoY
ROE
7.7%
▼ -48bp YoY
Total Assets
$34.6B
▲ +10.3% YoY
EPS (Diluted)
$14.20
▼ -1.0% YoY
Operating Cash Flow
$2.5B
▲ +6.1% YoY
Source: XBRL data from Roper Technologies FY2025 10-K filing on SEC EDGAR. All figures in USD.
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