Roper Technologies Reports 16% Revenue Growth

By Tamara Parker • Thursday, January 30 11:04 • Permanent Link

Roper Technologies, Inc. (NASDAQ: ROP) has reported its financial results for the fourth quarter and full year ended December 31, 2024. The company's revenue for the fourth quarter of 2024 increased by 16% to $1.88 billion, with a 9% contribution from acquisitions and 7% organic revenue growth. Operating cash flow for the same period was $722 million, representing a 13% increase, while adjusted operating cash flow increased by the same percentage.

The GAAP net earnings for the fourth quarter of 2024 increased by 22% to $462 million, and the adjusted net earnings increased by 10% to $520 million. Adjusted EBITDA for the same period increased by 13% to $744 million.

For the full year 2024, Roper Technologies reported a 14% increase in revenue to $7.04 billion, with an 8% contribution from acquisitions and 6% organic revenue growth. Operating cash flow for the full year was $2.39 billion, reflecting a 16% increase, while adjusted operating cash flow increased by the same percentage.

The GAAP net earnings for the full year 2024 increased by 13% to $1.55 billion, and the adjusted net earnings increased by 10% to $1.98 billion. Adjusted EBITDA for the full year increased by 13% to $2.83 billion.

Looking ahead to 2025, Roper Technologies expects full-year adjusted diluted earnings per share (DEPS) in the range of $19.75 to $20.00, with first-quarter adjusted DEPS estimated to be between $4.70 and $4.74. The company also anticipates a total revenue growth of 10% or more, with organic revenue growth projected to be between 6% and 7%.

Roper's President and CEO, Neil Hunn, expressed confidence in the company's outlook for 2025, citing substantial growth in 2024 and the company's improved operational and capital deployment capabilities.

Today the company's shares have moved 6.7% to a price of $579.66. For more information, read the company's full 8-K submission here.

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