Roper Technologies (ROP) financial statements
Roper Technologies reported revenue of $7.9B in fiscal 2025, up 8.5% a year over 9 years.
Net income was $1.5B and the operating margin 28.3%, against 27.8% in 2016.
Free cash flow was $2.5B, and the company returned $355M in dividends and $500M in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Roper Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8B | $4.6B | $5.2B | $4.7B | $4.0B | $4.8B | $5.4B | $6.2B | $7.0B | $7.9B |
| Cost of revenue | $1.5B | $1.7B | $1.9B | $1.6B | $1.2B | $1.4B | $1.6B | $1.9B | $2.2B | $2.4B |
| Gross profit | $2.3B | $2.9B | $3.3B | $3.1B | $2.8B | $3.4B | $3.8B | $4.3B | $4.9B | $5.5B |
| Research and development | $195M | $281M | $377M | $380M | $382M | $485M | $530M | $646M | $748M | $852M |
| Selling, general and admin | $1.3B | $1.7B | $1.9B | $1.8B | $1.7B | $2.1B | $2.2B | $2.6B | $2.9B | $3.2B |
| Operating income | $1.1B | $1.2B | $1.4B | $1.3B | $1.1B | $1.2B | $1.5B | $1.7B | $2.0B | $2.2B |
| Interest expense | $112M | $181M | $182M | $186M | $218M | $234M | $192M | $165M | $259M | $325M |
| Pre-tax income | $941M | $1.0B | $1.2B | $2.1B | $861M | $1.0B | $1.3B | $1.7B | $2.0B | $1.9B |
| Income tax | $282M | $63M | $254M | $417M | $188M | $227M | $296M | $375M | $418M | $400M |
| Net income | $659M | $972M | $944M | $1.8B | $950M | $1.2B | $4.5B | $1.4B | $1.5B | $1.5B |
| EPS (diluted) | $6.43 | $9.39 | $9.05 | $16.82 | $8.98 | $10.82 | $42.55 | $12.89 | $14.35 | $14.20 |
| Diluted shares | 102M | 104M | 104M | 105M | 106M | 106M | 107M | 107M | 108M | 108M |
| Gross margin | 61.5% | 62.2% | 63.2% | 66.4% | 70.3% | 70.5% | 69.9% | 69.7% | 69.3% | 69.2% |
| Operating margin | 27.8% | 26.3% | 26.9% | 28.1% | 26.9% | 25.7% | 28.4% | 28.2% | 28.4% | 28.3% |
| Net margin | 17.4% | 21.1% | 18.2% | 37.4% | 23.6% | 23.8% | 84.6% | 22.4% | 22.0% | 19.4% |
Balance sheet
Fiscal years, from Roper Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $757M | $671M | $364M | $710M | $308M | $352M | $793M | $214M | $188M | $297M |
| Receivables | $620M | $642M | $701M | $792M | $746M | $688M | $724M | $830M | $885M | $1.0B |
| Inventory | $182M | $205M | $191M | $199M | $165M | $69M | $111M | $119M | $121M | $142M |
| Total current assets | $1.8B | $1.8B | $1.6B | $2.0B | $1.8B | $2.4B | $1.9B | $1.5B | $1.5B | $1.9B |
| Property, plant and equipment | $141M | $142M | $129M | $140M | $127M | $83M | $85M | $120M | $150M | $157M |
| Goodwill | $8.6B | $8.8B | $9.3B | $10.4B | $13.3B | $13.5B | $15.9B | $17.1B | $19.3B | $21.3B |
| Total assets | $14.3B | $14.3B | $15.2B | $18.1B | $24.0B | $23.7B | $27.0B | $28.2B | $31.3B | $34.6B |
| Total current liabilities | $1.4B | $2.0B | $1.4B | $2.4B | $2.4B | $3.1B | $2.9B | $3.0B | $3.8B | $3.7B |
| Long-term debt | $5.8B | $4.4B | $4.9B | $4.7B | $9.1B | $7.1B | $6.0B | $5.8B | $6.6B | $8.6B |
| Total liabilities | $8.5B | $7.5B | $7.5B | $8.6B | $13.5B | $12.2B | $10.9B | $10.7B | $12.5B | $14.7B |
| Shareholders' equity | $5.8B | $6.9B | $7.7B | $9.5B | $10.5B | $11.6B | $16.0B | $17.4B | $18.9B | $19.9B |
| Net debt | $5.5B | $4.5B | $4.6B | $4.6B | $9.3B | $7.6B | $5.9B | $6.1B | $7.4B | $9.0B |
Cash flow
Fiscal years, from Roper Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $964M | $1.2B | $1.4B | $1.5B | $1.5B | $2.0B | $735M | $2.0B | $2.4B | $2.5B |
| Capital spending | $40M | $60M | $59M | $10M | $18M | $30M | $30M | $40M | $45M | $57M |
| Free cash flow | $924M | $1.2B | $1.4B | $1.5B | $1.5B | $2.0B | $704M | $2.0B | $2.3B | $2.5B |
| Stock-based compensation | $79M | $83M | $134M | $101M | $108M | $123M | $118M | $124M | $146M | $166M |
| Dividends paid | $121M | $143M | $170M | $192M | $214M | $236M | $262M | $290M | $322M | $355M |
| Share buybacks (net) | — | — | — | — | — | — | — | $0 | $0 | -$500M |
| Free cash flow margin | 24.4% | 25.5% | 26.4% | 30.7% | 37.5% | 41.0% | 13.1% | 32.3% | 33.4% | 31.4% |
| Dividends per share | $1.18 | $1.38 | $1.63 | $1.82 | $2.03 | $2.22 | $2.46 | $2.70 | $2.98 | $3.28 |
Questions
What was Roper Technologies's revenue in 2025?
$7.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Roper Technologies generate?
$2.5B in fiscal 2025 (operating cash flow minus capital spending).
From Roper Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.