SPXC

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SPX Technologies, Inc.

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Key Metrics

Previous Close: $207.86
52-Week Range: $179.62 – $251.08
Market Cap: $10.24B
P/E (TTM): 35.87
EPS (TTM): 5.70
Dividend Yield: —

Advanced Metrics

Price/Book: 4.36
PEG Ratio: 1.44
Return on Equity: 14.68%
Return on Assets: 6.75%
Gross Margin: 40.29%
Operating Margin: 17.67%
Profit Margin: 11.27%
Current Ratio: 1.82
Debt/Equity: 0.26
Total Debt: $614.70M
Free Cash Flow: $234.02M
Revenue Growth: 22.90%
Earnings Growth: 41.00%
Enterprise Value: $10.86B

SPXC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.46B	$1.74B	$1.98B	$2.27B
Cost of Revenue	$937.00M	$1.07B	$1.18B	$1.35B
Gross Profit	$523.90M	$670.00M	$799.40M	$917.70M
Selling, General & Admin	$355.70M	$394.40M	$414.60M	$477.60M
Operating Expenses	$459.10M	$447.30M	$487.50M	$565.50M
Operating Income	$64.80M	$222.70M	$311.90M	$352.20M
EBITDA	$82.80M	$276.70M	$392.70M	$484.80M
Pretax Income	$27.10M	$186.30M	$255.40M	$314.10M
Income Tax	$7.30M	$41.60M	$53.60M	$68.60M
Net Income	$200.00K	$89.90M	$200.50M	$244.00M
Diluted EPS	0.00	1.93	4.26	5.03
Diluted Shares	46.22M	46.61M	47.08M	48.51M

SPXC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$147.80M	$99.40M	$156.90M	$364.00M
Receivables	$287.40M	$296.40M	$324.90M	$422.20M
Inventory	$244.00M	$276.70M	$271.00M	$302.20M
Current Assets	$721.10M	$709.60M	$784.30M	$1.14B
Total Assets	$1.93B	$2.44B	$2.71B	$3.60B
Current Liabilities	$333.80M	$401.20M	$418.30M	$461.10M
Long-Term Debt	$243.00M	$523.10M	$577.00M	$496.70M
Total Debt	$246.80M	$558.30M	$614.70M	$501.60M
Total Liabilities	$851.70M	$1.25B	$1.33B	$1.37B
Retained Earnings	-$51.60M	$38.30M	$238.80M	$482.80M
Shareholders' Equity	$1.08B	$1.19B	$1.38B	$2.24B
Working Capital	$387.30M	$308.40M	$366.00M	$682.60M
Net Debt	$99.00M	$458.90M	$457.80M	$137.60M

SPXC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$136.80M	$208.50M	$285.90M	$333.30M
Capital Expenditure	-$15.90M	-$23.90M	-$38.00M	-$92.10M
Free Cash Flow	-$152.70M	$184.60M	$247.90M	$241.20M
Depreciation & Amortisation	$46.40M	$63.20M	$91.60M	$122.60M
Stock-Based Compensation	$10.90M	$13.40M	$15.00M	$16.70M
Investing Cash Flow	-$66.10M	-$570.20M	-$284.50M	-$561.00M
Financing Cash Flow	-$38.90M	$309.60M	$53.10M	$425.50M
Share Repurchases	-$33.70M	$0.00	$0.00	—
Net Change in Cash	-$241.80M	-$52.10M	$54.50M	$197.80M

SPXC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$482.60M	$552.40M	$592.80M	$637.30M	$566.80M
Cost of Revenue	$286.70M	$323.50M	$353.30M	$383.90M	$336.20M
Gross Profit	$195.90M	$228.90M	$239.50M	$253.40M	$230.60M
Selling, General & Admin	$109.50M	$117.20M	$117.70M	$133.20M	$119.40M
Operating Expenses	$129.20M	$142.30M	$142.30M	$151.70M	$142.70M
Operating Income	$66.70M	$86.60M	$97.20M	$101.70M	$87.90M
EBITDA	$97.20M	$118.00M	$125.90M	$143.70M	$117.90M
Pretax Income	$57.90M	$69.90M	$81.50M	$104.80M	$77.40M
Income Tax	$6.20M	$17.40M	$18.40M	$26.60M	$13.00M
Net Income	$51.20M	$52.20M	$62.70M	$77.90M	$59.90M
Diluted EPS	1.09	1.10	1.28	1.54	1.19
Diluted Shares	47.12M	47.40M	48.92M	50.63M	50.52M

SPXC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$177.80M	$132.80M	$229.40M	$364.00M	$156.50M
Receivables	$357.10M	$405.80M	$456.30M	$422.20M	$470.40M
Inventory	$308.10M	$321.90M	$331.30M	$302.20M	$342.40M
Current Assets	$906.80M	$920.60M	$1.06B	$1.14B	$1.01B
Total Assets	$3.14B	$3.31B	$3.45B	$3.60B	$3.88B
Current Liabilities	$482.90M	$468.00M	$430.90M	$461.10M	$481.20M
Long-Term Debt	$872.00M	$950.30M	$499.80M	$496.70M	$643.70M
Total Debt	$960.30M	$1.02B	$501.60M	$501.60M	$674.00M
Total Liabilities	$1.69B	$1.77B	$1.30B	$1.37B	$1.59B
Retained Earnings	$290.00M	$342.20M	$404.90M	$482.80M	$542.70M
Shareholders' Equity	$1.44B	$1.53B	$2.15B	$2.24B	$2.29B
Working Capital	$423.90M	$452.60M	$633.50M	$682.60M	$531.80M
Net Debt	$782.50M	$886.50M	$272.20M	$137.60M	$517.50M

SPXC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$10.90M	$42.50M	$106.50M	$195.20M	$30.60M
Capital Expenditure	-$5.50M	-$7.70M	-$10.40M	-$68.50M	-$18.50M
Free Cash Flow	-$16.40M	$34.80M	$96.10M	$126.70M	$12.10M
Depreciation & Amortisation	$27.00M	$32.50M	$32.40M	$30.70M	$32.10M
Stock-Based Compensation	$3.70M	$3.90M	$4.20M	$4.90M	$3.70M
Investing Cash Flow	-$306.60M	-$151.20M	-$41.40M	-$61.80M	-$395.80M
Financing Cash Flow	$335.70M	$59.60M	$29.30M	$900.00K	$157.60M
Net Change in Cash	$18.20M	-$49.10M	$94.40M	$134.30M	-$207.60M

Market Snapshot

About

SPX Technologies is a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation, and air conditioning (HVAC), detection and measurement, and engineered solutions. The company serves customers across industrial, commercial, and residential markets worldwide.