Roper Technologies
ROP · NasdaqIndustrial Instruments For Measurement, Display, and Control · Fiscal year ends Dec 31
Roper Technologies reported revenue of $7.9B in the fiscal year ended Dec 2025, up 12.3% from the year before. Operating income was $2.2B, an operating margin of 28.3%, and net income was $1.5B. Net debt was $9B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.4B | $6.2B | $7B | $7.9B |
| Cost of revenue | $1.4B | $1.6B | $1.9B | $2.2B | $2.4B |
| Gross profit | $3.4B | $3.8B | $4.3B | $4.9B | $5.5B |
| Research & development | $485M | $530M | $646M | $748M | $853M |
| Selling, general & admin | $2.1B | $2.2B | $2.6B | $2.9B | $3.2B |
| Operating income | $1.2B | $1.5B | $1.7B | $2B | $2.2B |
| Interest expense | $234M | $192M | $165M | $259M | $325M |
| Pre-tax income | $1B | $1.3B | $1.7B | $2B | $1.9B |
| Income tax | $227M | $296M | $375M | $418M | $400M |
| Net income | $1.2B | $4.5B | $1.4B | $1.5B | $1.5B |
| Diluted EPS | 10.82 | 42.55 | 12.89 | 14.35 | 14.20 |
| Diluted shares | 107M | 107M | 107M | 108M | 108M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $352M | $793M | $214M | $188M | $297M |
| Receivables | $688M | $725M | $830M | $885M | $1B |
| Inventory | $69M | $111M | $119M | $121M | $142M |
| Current assets | $2.4B | $1.9B | $1.5B | $1.5B | $1.9B |
| Net PP&E | $83M | $85M | $120M | $150M | $157M |
| Goodwill | $13.5B | $15.9B | $17.1B | $19.3B | $21.3B |
| Total assets | $23.7B | $27B | $28.2B | $31.3B | $34.6B |
| Deferred revenue | $1.1B | $1.4B | $1.6B | $1.7B | $1.9B |
| Current liabilities | $3.1B | $2.9B | $3B | $3.8B | $3.7B |
| Short-term debt | $799M | $699M | $500M | $1B | $705M |
| Long-term debt | $7.1B | $6B | $5.8B | $6.6B | $8.6B |
| Total liabilities | $12.2B | $10.9B | $10.7B | $12.5B | $14.7B |
| Shareholders' equity | $11.6B | $16B | $17.4B | $18.9B | $19.9B |
| Backlog (remaining obligations) | $3.8B | $4.2B | $4.6B | $4.8B | $5.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2B | $735M | $2B | $2.4B | $2.5B |
| Depreciation & amortisation | $616M | $650M | $755M | $813M | $898M |
| Stock-based compensation | $123M | $119M | $124M | $146M | $166M |
| Acquisitions | $217M | $4.3B | $2.1B | $3.6B | $3.3B |
| Share buybacks | – | – | $0 | $0 | $500M |
| Dividends paid | $236M | $262M | $290M | $322M | $355M |
| Dividend per share | 2.31 | 2.54 | 2.80 | 3.08 | 3.39 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.1% | 15.0% | 13.9% | 12.3% |
| Operating income growth (YoY) | – | 22.8% | 14.5% | 14.4% | 11.9% |
| EPS growth (YoY) | – | 293.3% | −69.7% | 11.3% | −1.0% |
| Gross margin | 70.5% | 69.9% | 69.7% | 69.3% | 69.2% |
| Operating margin | 25.7% | 28.4% | 28.2% | 28.4% | 28.3% |
| Net margin | 23.8% | 84.6% | 22.4% | 22.0% | 19.4% |
| Return on equityBlank when equity is negative | 10.0% | 28.3% | 7.9% | 8.2% | 7.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 6.0% | 6.3% | 6.9% | 7.3% | 7.2% |
| Cash conversion (CFO ÷ net income) | 1.75x | 0.16x | 1.47x | 1.54x | 1.65x |
| Receivable days | 52 | 49 | 49 | 46 | 46 |
| Inventory days | 18 | 25 | 23 | 20 | 21 |
| Interest cover | 5.31x | 7.92x | 10.6x | 7.70x | 6.88x |
| Debt ÷ equity | 0.69x | 0.42x | 0.36x | 0.40x | 0.47x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $7.6B | $5.9B | $6.1B | $7.4B | $9B |
| Current ratio | 0.78x | 0.67x | 0.50x | 0.40x | 0.52x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.