Roper(US:ROP)2025-07-21 12:00Financial Performance - Total revenue increased by 13% to $1.944 billion, with organic revenue growth of 7% and a 6% contribution from M&A[14, 40] - EBITDA increased by 12% to $775 million, with an EBITDA margin of 39.9%[14, 40] - Free cash flow increased by 10% to $403 million, resulting in a trailing twelve months (TTM) free cash flow margin of 31%[14] - Adjusted DEPS increased by 9% to $4.87[14] Acquisition and Capital Deployment - The company is acquiring Subsplash for $800 million, expecting ~$115 million in revenue and ~$36 million in EBITDA for the 12-months ending Q3'26[12] - The company exited Q2'25 with a net debt-to-EBITDA ratio of 2.9x, with $242 million in cash and $1.4 billion drawn on a $3.5 billion revolver[16] - The company has $5B+ M&A firepower and a large pipeline of attractive acquisition opportunities[16, 37] Segment Performance - Application Software revenue increased by 17%, with 11% from M&A and 6% organic growth, reaching $1.095 billion[18, 20] - Network Software revenue increased by 6%, with 5% organic growth, reaching $385 million[22, 24] - Technology Enabled Products revenue increased by 10%, with 9% organic growth, reaching $463 million[26, 28] Guidance - The company increased its full-year 2025 total revenue guidance to ~13%, with organic growth unchanged at +6 - 7%[34] - Adjusted DEPS guidance for FY 2025 is $19.90 - $20.05, including a ~$(0.05) impact from Subsplash[34]