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SPX Technologies, Inc. (SPXC)

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SPX Technologies, Inc. (SPXC) reported revenue of $679 million for Q2 FY2026, the quarter ended 27 June 2026, up 22.9% on the same quarter a year earlier. Net income was $78 million, up 50.2% on the year, and diluted earnings per share $1.55. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$679 millionup 22.9%
Net income$78 millionup 50.2%
Diluted EPS$1.55
QuarterQ2 FY2026ended 27 June 2026

SPX Technologies (SPXC) in brief

SPX Technologies (SPXC) reported revenue of $2.3 billion for fiscal 2025, the year ended 31 December 2025, up 14.2% on the year before.
Read moreNet income was $244 million and diluted earnings per share $5.03. Revenue was $2.0 billion in fiscal 2024, $1.7 billion in fiscal 2023, $1.5 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $200 million, $90 million, $0 million and $425 million. Over the twelve months to 27 June 2026, SPX Technologies reported revenue of $2.5 billion and net income of $279 million. Revenue grew 15.0% a year, compounded, over the five years to fiscal 2025. SPX Technologies declared $0.75 a share in dividends over the last four quarters and had 50 million shares outstanding at the latest filed count. At 27 June 2026 it carried $615 million of debt and $166 million of cash. At the close of 8 October 2026 the market cap of SPX Technologies was $8.4 billion, 30.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.9%
ROCE13.5%
Operating margin16.2%
Net margin11.3%
FCF margin12.3%
Interest cover10.69
Debt to equity0.26
Cash conversion1.51
Share count, 1 year7.2%
Sales CAGR, 3 years15.7%
Profit CAGR, 3 years968.5%
EPS, TTM$5.56

At the close of 8 October 2026

Price$168.58
Market cap$8.4 billion
Stock P/E30.32
Price to book3.60
EV / EBITDA16.75
Dividend yield0.4%
Market cap / sales3.41
52-week high$246.41
52-week low$168.58
Price, 1 year-10.5%
Price CAGR, 3 years27.8%
Price CAGR, 5 years23.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the total debt SPX Technologies, Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SPXCgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SPXC

Filings17 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 officer or director change; 1 shareholder vote
Planned insider sales3 Form 144 notices in twelve months, $19.9 million; latest 2 March 2026
Options tapeput/call 1.33 by open interest at the 8 October 2026 close; the straddle prices a 4.3% move to 16 October 2026
13F holders7 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest1.5 million shares short, 3.50 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue449469465501484534483552593637567679
Cost of revenue280282282300286316287324353384336406
Gross profit169188183201198218196229240253231273
Gross margin38%40%39%40%41%41%41%41%40%40%41%40%
SG&A96.3104103101102109110117118133119130
Operating income57.763.164.674.678.990.266.686.697.110087.7115
Operating margin13%13%14%15%16%17%14%16%16%16%15%17%
Interest expense10.29.29.812.812.111.012.315.612.08.28.48.8
Pre-tax income48.141.751.160.466.077.957.969.981.510577.4102
Tax rate26%24%4%25%23%27%11%25%23%25%17%22%
Net income-20.431.549.044.250.257.151.252.262.777.959.978.4
Net margin-5%7%11%9%10%11%11%9%11%12%11%12%
Diluted EPS-$0.44$0.67$1.05$0.94$1.06$1.20$1.09$1.10$1.28$1.54$1.19$1.55
Operating cash flow14.412610.557.551.4166-10.942.510619530.689.6
Capital expenditure7.87.49.910.47.99.85.57.710.468.518.521.1
Free cash flow6.61190.647.143.5157-16.434.896.112712.168.5
Buybacks0.0n/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding46m46m46m46m46m46m47m47m50m50m50m50m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue1,6941,5591,4721,4261,5131,1241,1281,2201,4611,7411,9842,2652,476
Cost of revenue1,3281,2831,0961,0961,1037227337889371,0711,1841,3471,480
Gross profit366276376330410402396432524670799918996
Gross margin21.6%17.7%25.5%23.2%27.1%35.8%35.1%35.4%35.9%38.5%40.3%40.5%40.2%
Research and development30.228.629.123.322.924.328.130.739.143.245.954.0n/a
Selling, general and administrative511388286277289276272310356394415478500
Operating income-185-12270.059.911211496.973.751.0222308350400
Operating margin-10.9%-7.8%4.8%4.2%7.4%10.1%8.6%6.0%3.5%12.7%15.5%15.5%16.2%
Interest expense23.622.014.817.121.521.018.413.19.327.245.748.137.4
Pre-tax income252-15439.436.184.588.878.669.927.1186255314366
Income tax138-2.79.1-47.92.612.54.810.97.341.653.668.680.9
Effective tax rate54.5%n/a23.1%-132.7%3.1%14.1%6.1%15.6%26.9%22.3%21.0%21.8%22.1%
Net income393-82.7-67.289.381.265.399.04250.289.9200244279
Net margin23.2%-5.3%-4.6%6.3%5.4%5.8%8.8%34.9%0.0%5.2%10.1%10.8%11.3%
Diluted EPS$9.25-$2.03-$2.02$2.03$1.82$1.58$2.16$9.15$0.00$1.93$4.26$5.03$5.56
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Package and process cooling equipment and services, and engineered air movement68388493341.2%
Hydronic heating, electrical heating, and ventilation43948158525.8%
Communication technologies, aids to navigation, and transportation systems35535849121.7%
Underground locators, inspection and rehabilitation equipment, and robotic systems26426125611.3%
Package and process cooling equipment and services, and engineered air movementHydronic heating, electrical heating, and ventilationCommunication technologies, aids to navigation, and transportation systemsUnderground locators, inspection and rehabilitation equipment, and robotic systems
1,741FY20231,984FY20242,265FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,4541,6411,81380.0%
Canada48.41111938.5%
United Kingdom96.390.995.54.2%
Other88.776.091.94.1%
China53.764.971.73.2%
United StatesCanadaUnited KingdomOtherChina
1,741FY20231,984FY20242,265FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow76.4-38.5-1.246.9111149126175-137208286333422
Capital expenditure19.316.011.711.012.413.515.39.615.923.938.092.1118
Free cash flow57.1-54.5-12.935.998.2135111165-153185248241303
Free cash flow margin3.4%-3.5%-0.9%2.5%6.5%12.0%9.8%13.5%-10.5%10.6%12.5%10.6%12.3%
Cash from investing627-54.213.2-10.6-181-154-126314-66.1-570-284-561-520
Cash from financing-903-176-20.5-6.216.8-11.115.9-168-38.931053.1426128
Depreciation and amortisation40.637.026.525.227.924.431.942.346.463.291.6123131
Share-based compensation32.733.913.715.815.512.613.112.810.913.415.016.717.1
Buybacks4890.00.0n/an/an/a0.00.033.70.00.0n/an/a
Dividends paid59.845.9n/an/an/an/an/an/an/an/an/an/an/a
Dividend per share$1.50$0.75n/an/an/an/an/an/an/an/an/an/an/a
Diluted shares, weighted43m41m42m44m45m45m46m46m46m47m47m49m51m
Shares outstanding at period end41m41m42m43m43m44m45m45m45m46m46m50m50m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,8093451923154155126401,1031,0791,1951,3842,2382,348
Non-controlling interest3.2-37.10.0n/a9.1n/an/an/an/an/an/an/an/a
Debt1,370372356357382394412246247558615502615
Operating lease liabilitiesn/an/an/an/an/a17.630.931.533.828.544.561.4n/a
Finance lease liabilitiesn/an/an/an/an/a1.71.60.60.20.20.90.7n/a
Other liabilities2,7211,5011,3651,3691,2521,2441,2491,248571658670803976
Total liabilities and equity5,9022,1811,9122,0402,0582,1682,3342,6291,9312,4402,7143,6053,939
Owned
Fixed assets238205196187184179n/an/an/an/an/an/an/a
Goodwill3593543403463943183694574557058341,0431,234
Intangible assets1691541181181982523054164026817038681,015
Cash and equivalents23297.299.612468.550.764.038814899.4157364166
Receivables474305252268269265211223264280314357442
Inventory167161146143129155155190244277271302374
Other assets4,2639057628568149491,230954419398436670707
Total assets5,9022,1811,9122,0402,0582,1682,3342,6291,9312,4402,7143,6053,939
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.8%15.0%15.7%20.6%
Profit growth, compoundedn/a19.8%968.5%32.4%
Return on equity, average11.3%14.3%11.0%10.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
1 company shares its SEC industry code (Metalworkg Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 June 202631 July 2026EDGAR
10-Q28 March 20261 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q27 September 202531 October 2025EDGAR
10-Q28 June 20251 August 2025EDGAR
10-Q29 March 20252 May 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q28 September 202431 October 2024EDGAR
10-Q29 June 20242 August 2024EDGAR
10-Q30 March 20243 May 2024EDGAR

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