Roper Technologies announces second quarter financial results and acquisition of Subsplash; Increasing full year guidance
Roper Technologies (NASDAQ:ROP) reported strong Q2 2025 results with revenue increasing 13% to $1.94 billion, including 7% organic growth and 6% from acquisitions. The company achieved adjusted EBITDA of $775 million, up 12%, and adjusted DEPS of $4.87, a 9% increase.
Roper announced the acquisition of Subsplash for $800 million, a provider of AI-enabled cloud software serving over 20,000 faith-based organizations. Additionally, the company raised its 2025 guidance, now expecting adjusted DEPS of $19.90-$20.05 and total revenue growth of ~13%, with organic growth projected at 6-7%.
Roper Technologies (NASDAQ:ROP) ha riportato risultati solidi nel secondo trimestre 2025 con un fatturato in crescita del 13% a 1,94 miliardi di dollari, di cui il 7% di crescita organica e il 6% derivante da acquisizioni. L'azienda ha raggiunto un EBITDA rettificato di 775 milioni di dollari, in aumento del 12%, e un utile per azione rettificato (DEPS) di 4,87 dollari, con un incremento del 9%.
Roper ha annunciato l'acquisizione di Subsplash per 800 milioni di dollari, un fornitore di software cloud abilitato all'intelligenza artificiale che serve oltre 20.000 organizzazioni religiose. Inoltre, la società ha alzato le previsioni per il 2025, prevedendo ora un DEPS rettificato tra 19,90 e 20,05 dollari e una crescita totale dei ricavi di circa il 13%, con una crescita organica stimata tra il 6 e il 7%.
Roper Technologies (NASDAQ:ROP) reportó sólidos resultados en el segundo trimestre de 2025 con ingresos que aumentaron un 13% hasta 1.94 mil millones de dólares, incluyendo un crecimiento orgánico del 7% y un 6% proveniente de adquisiciones. La compañía logró un EBITDA ajustado de 775 millones de dólares, un aumento del 12%, y un beneficio ajustado por acción (DEPS) de 4.87 dólares, un incremento del 9%.
Roper anunció la adquisición de Subsplash por 800 millones de dólares, un proveedor de software en la nube con inteligencia artificial que atiende a más de 20,000 organizaciones religiosas. Además, la empresa elevó sus previsiones para 2025, esperando ahora un DEPS ajustado de 19.90 a 20.05 dólares y un crecimiento total de ingresos de aproximadamente el 13%, con un crecimiento orgánico proyectado entre el 6 y 7%.
Roper Technologies (NASDAQ:ROP)는 2025년 2분기 강력한 실적을 발표하며 매출이 13% 증가한 19억 4천만 달러를 기록했으며, 이 중 7%는 유기적 성장, 6%는 인수합병에서 비롯되었습니다. 회사는 조정 EBITDA 7억 7,500만 달러를 달성해 12% 증가했고, 조정 주당순이익(DEPS)은 4.87달러로 9% 상승했습니다.
Roper는 인공지능 기반 클라우드 소프트웨어를 제공하며 20,000개 이상의 신앙 단체에 서비스를 제공하는 Subsplash를 8억 달러에 인수했다고 발표했습니다. 또한 2025년 가이던스를 상향 조정해 조정 DEPS를 19.90~20.05달러로, 총 매출 성장률을 약 13%로 예상하며 유기적 성장률은 6~7%로 전망했습니다.
Roper Technologies (NASDAQ:ROP) a annoncé de solides résultats pour le deuxième trimestre 2025 avec un chiffre d'affaires en hausse de 13 % à 1,94 milliard de dollars, comprenant une croissance organique de 7 % et 6 % provenant d'acquisitions. La société a réalisé un EBITDA ajusté de 775 millions de dollars, en hausse de 12 %, et un bénéfice ajusté par action (DEPS) de 4,87 dollars, soit une augmentation de 9 %.
Roper a annoncé l'acquisition de Subsplash pour 800 millions de dollars, un fournisseur de logiciels cloud intégrant l'intelligence artificielle, desservant plus de 20 000 organisations religieuses. De plus, la société a relevé ses prévisions pour 2025, anticipant désormais un DEPS ajusté compris entre 19,90 et 20,05 dollars et une croissance totale du chiffre d'affaires d'environ 13 %, avec une croissance organique prévue entre 6 et 7 %.
Roper Technologies (NASDAQ:ROP) meldete starke Ergebnisse für das zweite Quartal 2025 mit einem Umsatzanstieg von 13 % auf 1,94 Milliarden US-Dollar, davon 7 % organisches Wachstum und 6 % durch Akquisitionen. Das Unternehmen erzielte ein bereinigtes EBITDA von 775 Millionen US-Dollar, ein Anstieg um 12 %, und einen bereinigten Gewinn je Aktie (DEPS) von 4,87 US-Dollar, was einer Steigerung von 9 % entspricht.
Roper kündigte die Übernahme von Subsplash für 800 Millionen US-Dollar an, einem Anbieter von KI-gestützter Cloud-Software, der über 20.000 Glaubensgemeinschaften bedient. Zudem hob das Unternehmen seine Prognose für 2025 an und erwartet nun einen bereinigten DEPS von 19,90 bis 20,05 US-Dollar sowie ein Gesamtumsatzwachstum von etwa 13 %, wobei das organische Wachstum auf 6-7 % geschätzt wird.
- None.
- Adjusted EBITDA margin declined 60 basis points to 39.9%
- Operating cash flow growth of 5% lagged revenue growth of 13%
Insights
Roper delivered strong Q2 with 13% revenue growth and announced an $800M acquisition of high-growth Subsplash, justifying raised guidance.
Roper Technologies delivered an impressive Q2 with revenue increasing 13% to
The acquisition of Subsplash for
Management's decision to raise full-year guidance reflects confidence in their business model. The new adjusted EPS guidance of
Notably, Roper emphasized the expansion of recurring revenue as a driver for their improved outlook, which provides greater stability and predictability to future results. The company's cash flow generation remains robust, supporting their capital deployment strategy toward further acquisitions. With strong organic growth across all three segments and the strategic addition of a high-growth asset in Subsplash, Roper appears well-positioned to maintain its growth trajectory through both organic expansion and disciplined M&A.
SARASOTA, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the second quarter ended June 30, 2025.
Second quarter 2025 highlights
- Revenue increased
13% to$1.94 billion ; organic revenue was +7% and acquisition contribution was +6% - GAAP net earnings increased
12% to$378 million ; adjusted net earnings increased9% to$528 million - Adjusted EBITDA increased
12% to$775 million - GAAP operating cash flow increased
5% to$404 million ; adjusted operating cash flow increased13% to$434 million - GAAP DEPS increased
12% to$3.49 ; adjusted DEPS increased9% to$4.87
"We delivered another strong quarter, highlighted by
"We are once again increasing our full year outlook, supported by our strong second quarter results, the continued expansion of our recurring revenue base, and resilient demand for our businesses' mission critical solutions. With significant M&A capacity and our proven acquisition model, we remain well positioned to execute our disciplined capital deployment strategy against a large pipeline of attractive opportunities. The combination of our durable business portfolio and proven M&A capability continues to fuel compelling long-term cash flow compounding for our shareholders."
Subsplash acquisition
Last week, Roper signed a definitive agreement to acquire Subsplash, a leading provider of AI-enabled, cloud-based software and fintech solutions that serve over 20,000 faith-based organizations and churches, for a purchase price of
"Subsplash is a terrific business that meets each of our long-standing acquisition criteria while enhancing shareholder value creation with its high-teens organic growth profile and the ability to expand margins under Roper’s long-term ownership. We are excited to welcome the Subsplash team to the Roper family and look forward to partnering with them to execute their long-term growth strategy. We see significant potential for Subsplash to further advance their AI capabilities and deliver powerful solutions that will drive increased engagement for their customers," concluded Mr. Hunn.
Increasing 2025 guidance
Roper now expects full year 2025 adjusted DEPS of
For the third quarter of 2025, the Company expects adjusted DEPS of
Roper's guidance includes the impact of the Subsplash acquisition, which is expected to close later this month. The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.
Conference call to be held at 8:00 AM (ET) today
A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, July 21, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 87418. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 87418#.
Use of non-GAAP financial information
The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.
Minority interest
Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as "equity investments (gain) loss, net." Roper makes non-GAAP adjustments for the impacts associated with this investment.
| Table 1: Revenue and adjusted EBITDA reconciliation ($M) | |||||||||||
| Q2 2024 | Q2 2025 | V % | |||||||||
| GAAP revenue | $ | 1,717 | $ | 1,944 | 13 | % | |||||
| Components of revenue growth | |||||||||||
| Organic | 7 | % | |||||||||
| Acquisitions | 6 | % | |||||||||
| Foreign exchange | — | % | |||||||||
| Revenue growth | 13 | % | |||||||||
| Adjusted EBITDA reconciliation | |||||||||||
| GAAP net earnings | $ | 337 | $ | 378 | |||||||
| Taxes | 88 | 107 | |||||||||
| Interest expense | 68 | 79 | |||||||||
| Depreciation | 9 | 10 | |||||||||
| Amortization | 192 | 213 | |||||||||
| EBITDA | $ | 694 | $ | 788 | 14 | % | |||||
| Transaction-related expenses for completed acquisitions | — | 4 | |||||||||
| Financial impacts associated with the minority investments in Indicor & Certinia | 1 | (17 | ) | A | |||||||
| Adjusted EBITDA | $ | 695 | $ | 775 | 12 | % | |||||
| Adjusted EBITDA margin | 40.5 | % | 39.9 | % | (60 bps | ) | |||||
| Table 2: Adjusted net earnings reconciliation ($M) | |||||||||||
| Q2 2024 | Q2 2025 | V % | |||||||||
| GAAP net earnings | $ | 337 | $ | 378 | 12 | % | |||||
| Transaction-related expenses for completed acquisitions | — | 3 | |||||||||
| Financial impacts associated with the minority investments in Indicor & Certinia | — | (13 | ) | A | |||||||
| Amortization of acquisition-related intangible assets | 146 | 160 | B | ||||||||
| Adjusted net earnings C | $ | 483 | $ | 528 | 9 | % | |||||
| Table 3: Adjusted DEPS reconciliation | |||||||||||
| Q2 2024 | Q2 2025 | V % | |||||||||
| GAAP DEPS | $ | 3.12 | $ | 3.49 | 12 | % | |||||
| Transaction-related expenses for completed acquisitions | — | 0.03 | |||||||||
| Financial impacts associated with the minority investments in Indicor & Certinia | — | (0.12 | ) | A | |||||||
| Amortization of acquisition-related intangible assets | 1.35 | 1.48 | B | ||||||||
| Adjusted DEPS C | $ | 4.48 | $ | 4.87 | 9 | % | |||||
| Table 4: Adjusted cash flow reconciliation ($M) | |||||||||||
| Q2 2024 | Q2 2025 | V % | |||||||||
| Operating cash flow | $ | 384 | $ | 404 | 5 | % | |||||
| Taxes paid in period related to divestiture | — | 30 | D | ||||||||
| Adjusted operating cash flow | $ | 384 | $ | 434 | 13 | % | |||||
| Capital expenditures | (7 | ) | (16 | ) | |||||||
| Capitalized software expenditures | (11 | ) | (14 | ) | |||||||
| Adjusted free cash flow | $ | 367 | $ | 403 | 10 | % | |||||
| Table 5: Forecasted adjusted DEPS reconciliation | |||||||||||||||
| Q3 2025 | FY 2025 | ||||||||||||||
| Low end | High end | Low end | High end | ||||||||||||
| GAAP DEPS E | $ | 3.61 | $ | 3.65 | $ | 13.89 | $ | 14.04 | |||||||
| YTD transaction-related expenses for completed acquisitions | — | — | 0.03 | 0.03 | |||||||||||
| YTD financial impacts associated with the minority investment in Indicor A | — | — | 0.17 | 0.17 | |||||||||||
| Amortization of acquisition-related intangible assets B | 1.47 | 1.47 | 5.81 | 5.81 | |||||||||||
| Adjusted DEPS C | $ | 5.08 | $ | 5.12 | $ | 19.90 | $ | 20.05 | |||||||
Footnotes:
| A. | Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investment in Indicor, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods. | ||||||||||||||
| Q2 2025A | Q3 2025E | FY 2025E | YTD 2025A | ||||||||||||
| Pretax | $ | (17 | ) | TBD | TBD | $ | 28 | ||||||||
| After-tax | $ | (13 | ) | TBD | TBD | $ | 18 | ||||||||
| Per share | $ | (0.12 | ) | TBD | TBD | $ | 0.17 | ||||||||
| B. | Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). Forecasted results do not include amortization of intangible assets associated with the announced acquisition of Subsplash, as the valuation of acquisition-related intangible assets is incomplete. This item will be excluded from all non-GAAP results in future periods. | ||||||||||||||
| Q2 2025A | Q3 2025E | FY 2025E | |||||||||||||
| Pretax | $ | 203 | $ | 202 | $ | 798 | |||||||||
| After-tax | $ | 160 | $ | 160 | $ | 630 | |||||||||
| Per share | $ | 1.48 | $ | 1.47 | $ | 5.81 | |||||||||
| C. | All actual and forecasted non-GAAP adjustments are taxed at | ||||||||||||||
| D. | Cash taxes paid in the quarter associated with Roper's gain on the sale of its minority interest in Certinia. | ||||||||||||||
| E. | Forecasted GAAP DEPS do not include any potential impacts associated with our minority investment in Indicor, nor amortization of intangible assets associated with the announced acquisition of Subsplash, as the valuation of acquisition-related intangible assets is incomplete. These impacts will be excluded from all non-GAAP results in future periods. | ||||||||||||||
Note: Numbers may not foot due to rounding.
About Roper Technologies
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.
Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com
The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
| Roper Technologies, Inc. | |||||||
| Condensed Consolidated Balance Sheets (unaudited) | |||||||
| (Amounts in millions) | |||||||
| June 30, 2025 | December 31, 2024 | ||||||
| ASSETS: | |||||||
| Cash and cash equivalents | $ | 242.4 | $ | 188.2 | |||
| Accounts receivable, net | 868.8 | 885.1 | |||||
| Inventories, net | 132.2 | 120.8 | |||||
| Income taxes receivable | 50.0 | 25.6 | |||||
| Unbilled receivables | 140.0 | 127.3 | |||||
| Prepaid expenses and other current assets | 220.9 | 195.7 | |||||
| Total current assets | 1,654.3 | 1,542.7 | |||||
| Property, plant and equipment, net | 156.5 | 149.7 | |||||
| Goodwill | 20,507.6 | 19,312.9 | |||||
| Other intangible assets, net | 9,627.4 | 9,059.6 | |||||
| Deferred taxes | 54.6 | 54.1 | |||||
| Equity investment | 739.7 | 772.3 | |||||
| Other assets | 480.3 | 443.4 | |||||
| Total assets | $ | 33,220.4 | $ | 31,334.7 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | |||||||
| Accounts payable | $ | 159.4 | $ | 148.1 | |||
| Accrued compensation | 213.8 | 289.0 | |||||
| Deferred revenue | 1,618.1 | 1,737.4 | |||||
| Other accrued liabilities | 520.3 | 546.2 | |||||
| Income taxes payable | 53.1 | 68.4 | |||||
| Current portion of long-term debt, net | 999.8 | 1,043.1 | |||||
| Total current liabilities | 3,564.5 | 3,832.2 | |||||
| Long-term debt, net of current portion | 7,859.2 | 6,579.9 | |||||
| Deferred taxes | 1,706.0 | 1,630.6 | |||||
| Other liabilities | 456.8 | 424.4 | |||||
| Total liabilities | 13,586.5 | 12,467.1 | |||||
| Common stock | 1.1 | 1.1 | |||||
| Additional paid-in capital | 3,187.1 | 3,014.6 | |||||
| Retained earnings | 16,565.9 | 16,034.9 | |||||
| Accumulated other comprehensive loss | (104.1 | ) | (166.5 | ) | |||
| Treasury stock | (16.1 | ) | (16.5 | ) | |||
| Total stockholders’ equity | 19,633.9 | 18,867.6 | |||||
| Total liabilities and stockholders’ equity | $ | 33,220.4 | $ | 31,334.7 | |||
| Roper Technologies, Inc. | |||||||||||||||
| Condensed Consolidated Statements of Earnings (unaudited) | |||||||||||||||
| (Amounts in millions, except per share data) | |||||||||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net revenues | $ | 1,943.6 | $ | 1,716.8 | $ | 3,826.4 | $ | 3,397.5 | |||||||
| Cost of sales | 598.2 | 523.5 | 1,187.3 | 1,023.2 | |||||||||||
| Gross profit | 1,345.4 | 1,193.3 | 2,639.1 | 2,374.3 | |||||||||||
| Selling, general and administrative expenses | 797.1 | 699.1 | 1,565.0 | 1,398.8 | |||||||||||
| Income from operations | 548.3 | 494.2 | 1,074.1 | 975.5 | |||||||||||
| Interest expense, net | 79.1 | 67.5 | 142.0 | 120.7 | |||||||||||
| Equity investments (gain) loss, net | (16.6 | ) | 0.8 | 27.8 | (56.2 | ) | |||||||||
| Other expense, net | 0.5 | 0.6 | 1.0 | 1.8 | |||||||||||
| Earnings before income taxes | 485.3 | 425.3 | 903.3 | 909.2 | |||||||||||
| Income taxes | 107.0 | 88.2 | 193.9 | 190.1 | |||||||||||
| Net earnings | $ | 378.3 | $ | 337.1 | $ | 709.4 | $ | 719.1 | |||||||
| Net earnings per share: | |||||||||||||||
| Basic | $ | 3.52 | $ | 3.15 | $ | 6.60 | $ | 6.72 | |||||||
| Diluted | $ | 3.49 | $ | 3.12 | $ | 6.55 | $ | 6.66 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 107.6 | 107.1 | 107.5 | 107.0 | |||||||||||
| Diluted | 108.4 | 107.9 | 108.3 | 107.9 | |||||||||||
| Roper Technologies, Inc. | |||||||||||||||||||||||||||||||
| Selected Segment Financial Data (unaudited) | |||||||||||||||||||||||||||||||
| (Amounts in millions; percentages of net revenues) | |||||||||||||||||||||||||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||
| Amount | % | Amount | % | Amount | % | Amount | % | ||||||||||||||||||||||||
| Net revenues: | |||||||||||||||||||||||||||||||
| Application Software | $ | 1,094.9 | $ | 931.8 | $ | 2,163.1 | $ | 1,827.0 | |||||||||||||||||||||||
| Network Software | 385.4 | 364.2 | 761.3 | 735.0 | |||||||||||||||||||||||||||
| Technology Enabled Products | 463.3 | 420.8 | 902.0 | 835.5 | |||||||||||||||||||||||||||
| Total | $ | 1,943.6 | $ | 1,716.8 | $ | 3,826.4 | $ | 3,397.5 | |||||||||||||||||||||||
| Gross profit: | |||||||||||||||||||||||||||||||
| Application Software | $ | 753.3 | 68.8 | % | $ | 641.1 | 68.8 | % | $ | 1,474.1 | 68.1 | % | $ | 1,266.8 | 69.3 | % | |||||||||||||||
| Network Software | 320.8 | 83.2 | % | 307.8 | 84.5 | % | 636.4 | 83.6 | % | 624.1 | 84.9 | % | |||||||||||||||||||
| Technology Enabled Products | 271.3 | 58.6 | % | 244.4 | 58.1 | % | 528.6 | 58.6 | % | 483.4 | 57.9 | % | |||||||||||||||||||
| Total | $ | 1,345.4 | 69.2 | % | $ | 1,193.3 | 69.5 | % | $ | 2,639.1 | 69.0 | % | $ | 2,374.3 | 69.9 | % | |||||||||||||||
| Operating profit*: | |||||||||||||||||||||||||||||||
| Application Software | $ | 294.6 | 26.9 | % | $ | 251.1 | 26.9 | % | $ | 571.4 | 26.4 | % | $ | 490.7 | 26.9 | % | |||||||||||||||
| Network Software | 169.3 | 43.9 | % | 159.1 | 43.7 | % | 336.0 | 44.1 | % | 326.1 | 44.4 | % | |||||||||||||||||||
| Technology Enabled Products | 164.1 | 35.4 | % | 146.7 | 34.9 | % | 317.7 | 35.2 | % | 282.9 | 33.9 | % | |||||||||||||||||||
| Total | $ | 628.0 | 32.3 | % | $ | 556.9 | 32.4 | % | $ | 1,225.1 | 32.0 | % | $ | 1,099.7 | 32.4 | % | |||||||||||||||
| * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were | |||||||||||||||||||||||||||||||
| Roper Technologies, Inc. | |||||||
| Condensed Consolidated Statements of Cash Flows (unaudited) | |||||||
| (Amounts in millions) | |||||||
| Six months ended June 30, | |||||||
| 2025 | 2024 | ||||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 709.4 | $ | 719.1 | |||
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||||||
| Depreciation and amortization of property, plant and equipment | 19.6 | 18.5 | |||||
| Amortization of intangible assets | 417.2 | 377.2 | |||||
| Amortization of deferred financing costs | 5.5 | 4.5 | |||||
| Non-cash stock compensation | 82.7 | 73.3 | |||||
| Equity investments (gain) loss, net | 27.8 | (56.2 | ) | ||||
| Income tax provision | 193.9 | 190.1 | |||||
| Changes in operating assets and liabilities, net of acquired businesses: | |||||||
| Accounts receivable | 37.4 | 96.7 | |||||
| Unbilled receivables | (9.7 | ) | (17.7 | ) | |||
| Inventories | (9.6 | ) | (11.0 | ) | |||
| Prepaid expenses and other current assets | (22.9 | ) | (30.7 | ) | |||
| Accounts payable | 7.0 | 4.5 | |||||
| Other accrued liabilities | (115.4 | ) | (47.3 | ) | |||
| Deferred revenue | (132.7 | ) | (122.6 | ) | |||
| Cash taxes paid for gain on disposal of equity investment | (30.2 | ) | — | ||||
| Cash income taxes paid, excluding tax associated with gain on disposal of equity investment | (233.7 | ) | (284.3 | ) | |||
| Other, net | (13.5 | ) | 1.5 | ||||
| Cash provided by operating activities | 932.8 | 915.6 | |||||
| Cash flows from (used in) investing activities: | |||||||
| Acquisitions of businesses, net of cash acquired | (2,005.2 | ) | (1,858.3 | ) | |||
| Capital expenditures | (26.0 | ) | (15.9 | ) | |||
| Capitalized software expenditures | (26.8 | ) | (20.5 | ) | |||
| Distributions from equity investment | 5.1 | 8.4 | |||||
| Other | 1.6 | (1.1 | ) | ||||
| Cash used in investing activities | (2,051.3 | ) | (1,887.4 | ) | |||
| Cash flows from (used in) financing activities: | |||||||
| Borrowings under revolving line of credit, net | 1,275.0 | 1,090.0 | |||||
| Cash dividends to stockholders | (177.2 | ) | (160.6 | ) | |||
| Proceeds from stock-based compensation, net | 73.8 | 75.9 | |||||
| Treasury stock sales | 12.5 | 10.3 | |||||
| Other, net | (43.9 | ) | (0.2 | ) | |||
| Cash provided by financing activities | 1,140.2 | 1,015.4 | |||||
| Effect of exchange rate changes on cash | 32.5 | (6.4 | ) | ||||
| Net increase in cash and cash equivalents | 54.2 | 37.2 | |||||
| Cash and cash equivalents, beginning of period | 188.2 | 214.3 | |||||
| Cash and cash equivalents, end of period | $ | 242.4 | $ | 251.5 | |||
FAQ
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