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Segment and Geographic Area Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment and Geographic Area Information | Segment and Geographic Area Information Our businesses are reported in three segments classified based on business model and delivery of performance obligations. The segments are: Application Software, Network Software, and Technology Enabled Products. The three reportable segments are as follows: –Application Software—Aderant, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, Vertafore –Network Software—ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, SoftWriters –Technology Enabled Products—CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, Verathon The Company’s chief operating decision maker (“CODM”) is a group that consists of the chief executive officer and the Board of Directors. The CODM uses operating profit to measure segment performance to evaluate resource allocation, primarily related to capital deployment towards business acquisitions, as such decisions are made by our chief executive officer and board of directors collectively. There were no material transactions between Roper’s reportable segments during 2024, 2023, and 2022. Operating profit by reportable segment is defined as net revenues less operating costs and expenses. These costs and expenses do not include unallocated corporate general and administrative expenses or enterprise-wide stock-based compensation. Items below “Income from operations” in Roper’s Consolidated Statements of Earnings are not allocated to reportable segments. Corporate assets are principally comprised of cash and cash equivalents, income taxes receivable, deferred tax assets, deferred compensation assets, equity investments, and property and equipment. Selected financial information by reportable segment for 2024, 2023, and 2022 was as follows:
| Application Software |  | Network Software |  | Technology Enabled Products |  |  |  | Corporate |  | Total
2024 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 3,868.3 |  |  | $ | 1,475.6 |  |  | $ | 1,695.3 |  |  |  |  | $ | — |  |  | $ | 7,039.2 |
Cost of sales | 1,220.7 |  |  | 220.8 |  |  | 719.4 |  |  |  |  | — |  |  | 2,160.9 |
Selling, general and administrative expenses | 1,624.2 |  |  | 588.3 |  |  | 401.6 |  |  |  |  | 267.4 |  |  | 2,881.5 |
Operating profit | $ | 1,023.4 |  |  | $ | 666.5 |  |  | $ | 574.3 |  |  |  |  | $ | (267.4) |  |  | $ | 1,996.8 |
Depreciation and other amortization expense | $ | 628.8 |  |  | $ | 161.0 |  |  | $ | 21.7 |  |  |  |  | $ | 1.3 |  |  | $ | 812.8 |
Total assets | $ | 23,600.9 |  |  | $ | 5,348.0 |  |  | $ | 1,498.1 |  |  |  |  | $ | 887.7 |  |  | $ | 31,334.7 |
Capital expenditures | $ | 17.8 |  |  | $ | 4.8 |  |  | $ | 11.7 |  |  |  |  | $ | 31.7 |  |  | $ | 66.0 |
Capitalized software expenditures | $ | 43.7 |  |  | $ | 1.3 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 45.0 |
2023 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 3,186.9 |  |  | $ | 1,439.4 |  |  | $ | 1,551.5 |  |  |  |  | $ | — |  |  | $ | 6,177.8 |
Cost of sales | 991.1 |  |  | 213.8 |  |  | 665.7 |  |  |  |  | — |  |  | 1,870.6 |
Selling, general and administrative expenses | 1,375.0 |  |  | 593.2 |  |  | 367.1 |  |  |  |  | 226.7 |  |  | 2,562.0 |
Operating profit | $ | 820.8 |  |  | $ | 632.4 |  |  | $ | 518.7 |  |  |  |  | $ | (226.7) |  |  | $ | 1,745.2 |
Depreciation and other amortization expense | $ | 563.0 |  |  | $ | 162.5 |  |  | $ | 29.1 |  |  |  |  | $ | 0.6 |  |  | $ | 755.2 |
Total assets | $ | 20,350.9 |  |  | $ | 5,363.8 |  |  | $ | 1,485.6 |  |  |  |  | $ | 967.2 |  |  | $ | 28,167.5 |
Capital expenditures | $ | 20.1 |  |  | $ | 6.4 |  |  | $ | 13.8 |  |  |  |  | $ | 27.7 |  |  | $ | 68.0 |
Capitalized software expenditures | $ | 39.5 |  |  | $ | 0.5 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 40.0 |
2022 |  |  |  |  |  |  |  |  |  |  |
Net revenues | $ | 2,639.5 |  |  | $ | 1,378.5 |  |  | $ | 1,353.8 |  |  |  |  | $ | — |  |  | $ | 5,371.8 |
Cost of sales | 823.2 |  |  | 212.9 |  |  | 582.9 |  |  |  |  | — |  |  | 1,619.0 |
Selling, general and administrative expenses | 1,102.3 |  |  | 595.0 |  |  | 321.8 |  |  |  |  | 209.2 |  |  | 2,228.3 |
Operating profit | $ | 714.0 |  |  | $ | 570.6 |  |  | $ | 449.1 |  |  |  |  | $ | (209.2) |  |  | $ | 1,524.5 |
Depreciation and other amortization expense | $ | 455.8 |  |  | $ | 164.2 |  |  | $ | 29.8 |  |  |  |  | $ | 0.3 |  |  | $ | 650.1 |
Total assets | $ | 18,723.3 |  |  | $ | 5,467.4 |  |  | $ | 1,502.7 |  |  |  |  | $ | 1,287.4 |  |  | $ | 26,980.8 |
Capital expenditures | $ | 20.7 |  |  | $ | 8.8 |  |  | $ | 9.2 |  |  |  |  | $ | 1.4 |  |  | $ | 40.1 |
Capitalized software expenditures | $ | 28.5 |  |  | $ | 1.7 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 30.2 |
Summarized long-lived assets information for Roper’s U.S. and foreign operations (principally in Canada, Europe, and Asia) for 2024, 2023, and 2022 was as follows:
| 2024 |  | 2023 |  |  |  | 2022
United States | $ | 303.4 |  |  | $ | 251.1 |  |  |  |  | $ | 196.5 |
Non-U.S. | 23.9 |  |  | 20.1 |  |  |  |  | 17.1 |
Total long-lived assets | $ | 327.3 |  |  | $ | 271.2 |  |  |  |  | $ | 213.6 |
Sales to customers outside of the U.S. accounted for a significant portion of Roper’s net revenues. Sales are attributed to geographic areas based upon the location where the product is ultimately delivered. Roper’s net revenues for the years ended December 31, 2024, 2023, and 2022 are shown below by region, except for the U.S. and Canada, which are presented separately:
| 2024 |  | 2023 |  | 2022 |  |  |  |
United States | $ | 6,063.3 |  |  | $ | 5,304.4 |  |  | $ | 4,565.3 |  |  |  |  |
Canada | 288.3 |  |  | 254.6 |  |  | 222.3 |  |  |  |  |
Europe | 495.1 |  |  | 453.2 |  |  | 424.6 |  |  |  |  |
Asia | 74.1 |  |  | 75.1 |  |  | 73.3 |  |  |  |  |
Rest of the world | 118.4 |  |  | 90.5 |  |  | 86.3 |  |  |  |  |
Total net revenues | $ | 7,039.2 |  |  | $ | 6,177.8 |  |  | $ | 5,371.8 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. 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