Roper Q3 Growth; EPS Guidance Narrowed

Roper reported strong Q3 2025 results: revenue rose 14% to $2.02 billion and adjusted EPS was $5.14, while EBITDA increased to $810 million and free cash flow jumped to $842 million. Growth was driven largely by acquisitions (about an 8% contribution) and roughly 6% organic growth, as the company deployed roughly $1.3 billion on deals including Subsplash and other bolt-on purchases. Management narrowed full-year adjusted EPS guidance to $19.90–$19.95 (from $19.90–$20.05), citing about $0.10 of dilution from recent acquisitions, and set Q4 adjusted EPS guidance of $5.11–$5.16, which is below some analyst estimates. The board authorized up to $3 billion in share repurchases. The company finished the quarter with about $320 million in cash and a net debt/EBITDA ratio near 3.0x, and shares fell sharply on the guidance trim and acquisition-related dilution concerns.