Roper Technologies reported full–year 2025 revenue of $7.90 billion, up 12% year-over-year, driven by 7% contribution from acquisitions and 5% organic growth. Fourth-quarter revenue rose 10% to $2.06 billion, with organic growth of 4% and acquisition lift of 5%. Adjusted net earnings for the year increased 9% to $2.16 billion, while adjusted EBITDA grew 11% to $3.14 billion. Operating cash flow climbed 6% to $2.54 billion and free cash flow rose 8% to $2.47 billion. During the year, Roper deployed $3.3 billion on vertical software acquisitions and repurchased 1.12 million shares for $500 million under its share repurchase program.

Management projects full-year 2026 adjusted diluted EPS of $21.30–$21.55 and total revenue growth of approximately 8%, including 5–6% organic growth. These targets exclude potential future acquisitions or divestitures and assume no significant impact from unannounced capital deployment. For the first quarter, adjusted EPS is guided to $4.95–$5.00. The lower-than-expected outlook primarily reflects softer demand at the Deltek government-contracting unit, prompting analysts to revise estimates downward.

Following the 2026 guidance, Roper’s shares slid by nearly 15%, reflecting investor concern over the slowdown in its government-contracting segment. Trading volume surged to over 3 million shares on the announcement, underscoring market volatility. Meanwhile, a research analyst from Melius Research set a target implying roughly 35% upside potential based on revised cash flow projections, highlighting a divergence among market participants regarding the company’s near-term growth trajectory.