What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Roper Technologies (ROP) spend its free cash flow?

For TTM through Q1 2026, Roper Technologies generated $2.6B of operating cash flow and $2.55B of free cash flow — a free cash flow margin of 98% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Roper Technologies (ROP) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Roper Technologies's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Roper Technologies (ROP) Cash Flow Waterfall

Operating CF

$2.6B

Capex

-$52.2M

Free Cash Flow

$2.55B

FCF Margin

+98.0%

Cash flow waterfall for Roper Technologies (ROP) — TTM through Q1 2026

Free cash flow: $2.55B

Cash flow breakdown for Roper Technologies (ROP) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$2.6B	$2.6B
Capital Expenditure	-$52.2M	$2.55B
Free Cash Flow	$2.55B	$2.55B
Acquisitions	-$3.19B	-$641M
Other Investing	-$52.5M	-$694M
Share Buybacks	-$2.01B	-$2.7B
Dividends Paid	-$364M	-$3.07B
Net Debt Change	$2.86B	-$213M
Other Financing & FX	$223M	$10.1M
Net Cash Increase	$10.1M	$10.1M

Operating Cash Flow$2.6B
Capital Expenditure-$52.2M
Free Cash Flow$2.55B
Acquisitions-$3.19B
Other Investing-$52.5M
Share Buybacks-$2.01B
Dividends Paid-$364M
Net Debt Change$2.86B
Other Financing & FX$223M
Net Cash Increase$10.1M

Want to see what drove the FCF change?Free Cash Flow Bridge

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