Roper Technologies reported FY2025 revenue of $7.9B, adjusted EPS of $20.00 (top end of guidance). Management provided conservative FY2026 guidance expecting ~8% total revenue growth, 5-6% organic, and EPS of $21.30-$21.55. Key themes: Deltek GovCon disruption from shutdown and Doge, ProCare implementation delays, DAT's automated load matching progressing, and Neptune tariff impact abating. Capital deployment remains active with $6B capacity; $500M in buybacks in Q4. AI development is accelerating but not baked into guidance. CY2025 revenue grew 12% to $7.9B, organic 5.5% (below initial expectations); adjusted EPS $20.00 (top end of range).
Roper Technologies reported FY2025 revenue of $7.9B, adjusted EPS of $20.00 (top end of guidance). Management provided conservative FY2026 guidance expecting ~8% total revenue growth, 5-6% organic, and EPS of $21.30-$21.55. Key themes: Deltek GovCon disruption from shutdown and Doge, ProCare implementation delays, DAT's automated load matching progressing, and Neptune tariff impact abating. Capital deployment remains active with $6B capacity; $500M in buybacks in Q4. AI development is accelerating but not baked into guidance. CY2025 revenue grew 12% to $7.9B, organic 5.5% (below initial expectations); adjusted EPS $20.00 (top end of range).
Management is accelerating AI product development, with an AI Accelerator team led by new hires, and sees AI as a TAM expander that will show up in bookings and recurring revenue over time, though they are not baking meaningful revenue from AI into 2026 guidance.
Guidance · revenue to 8%
FY2026 guidance: total revenue growth ~8%, organic 5-6%, adjusted EPS $21.30-$21.55; cautious on Deltek GovCon, DAT freight, and Neptune.
Deltek GovCon commercial activity building but deals pushed right; no improvement assumed in 2026 guidance.
Management is accelerating AI product development, with an AI Accelerator team led by new hires, and sees AI as a TAM expander that will show up in bookings and recurring revenue over time, though they are not baking meaningful revenue from AI into 2026 guidance.
Management is taking a cautious, conservative stance on organic growth, not baking in improvements at Deltek GovCon, DAT freight market, or Neptune, and acknowledging that improvement will need to be proven before it's reflected in guidance.
No explicit capital expenditure discussion; management mentions investing in AI talent and technology, such as a data lake and cloud migration, but does not provide capex numbers.
Management acknowledges missed organic growth expectations and guides conservatively, but expresses confidence in underlying business improvements, AI opportunities, and capital deployment.
“We had two large government contractor deals that slipped. So it was like right at the end. And we think they'll both land in the first half of next year, but we've also sort of hedge that just in case.”
“The technology does the job... the number one focus of that business is to build both sides of the network. That starts on the broker side by getting native integrations with their TMS systems.”
“We're not baking in an improvement at Neptune... the tariff surcharging program eased late in the year, we remain cautious and are not underwriting the recovery in our 2026 guidance.”
“The biggest constraint was implementation timing across both software and payments, which delayed customer time to value and weighed on payments volumes.”
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| EPS | FY2026 | $21.30–$21.55 | $21.43 | INITIATED |
| EPS | FY2026 Q1 | $4.95–$5.00 | $4.97 | INITIATED |
| Revenue | FY2026 | 8% | 8% | INITIATED |
| RevenueORGANIC_TOTAL | FY2026 | 5%–6% | 5.5% | INITIATED |
| 제시 시점 | 지표 | 목표 기간 | 가이던스 | 실제 | 결과 |
|---|---|---|---|---|---|
| FY2026 Q1 | EPS | FY2026 Q2 | $5.25–$5.30 | $5.38 | Met / beat |
| FY2025 Q3 | EPS | FY2025 | $19.90–$19.95 | $20.00 | Met / beat |
| FY2025 Q3 | EPS | FY2025 Q4 | $5.11–$5.16 | $5.21 | Met / beat |