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SPX Technologies, Inc. SPXC R2K

Industrials · Building Products & Equipment · United States
https://www.spx.com

SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement and handling solutions for the industrial, institutional, and commercial HVAC markets, as well as hydronic and electrical heating and ventilation products for the residential, industrial, institutional, and commercial markets. It offers cooling products and engineered air movement and handling solutions under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Air Enterprises, and Rahn Industries brand names; hydronics and electrical heating and ventilation products under the under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Sigma, Omega, Skypeak, Thermolec, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies under the TCI, ECS, and KTS brands; and aids to navigation products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through consumers, independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. is headquartered in Charlotte, North Carolina.

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$216.66
+42.46% 1Y

Market & Price

Market Cap
$10.85B
Current Price
$216.66
High / Low (52W)
$243.04 / $152.09
Beta
1.31

Valuation

Stock P/E
41.51
Industry PE
28.38
Forward P/E
23.92
PEG Ratio
1.52
Book Value
$44.87
Price to Book
4.83
P/S
4.62
EV/EBITDA
23.04
Dividend Yield
-

Profitability & Returns

ROCE
11.52%
ROE
13.85%
ROA
6.53%
Profit Margin
10.76%
Op Margin
16.64%
EPS (Latest Qtr)
$1.19
EPS (TTM)
$5.22

Balance Sheet & Liquidity

Debt/Equity
0.29
Quick Ratio
1.30
Current Ratio
2.10
Debt
$674.00M
Total Assets
$3.60B
Current Assets
$1.14B
Working Capital
$682.60M

Ownership

Promoter Holding
3.11%
Chg in Prom Hold
-
FII / Inst Holding
99.23%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$11.36B
Total Revenue (TTM)
$2.35B
EBITDA
$493.30M
Free Cash Flow
$179.16M
Operating Cash Flow
$374.80M
Shares Outstanding
50.06M
Gross Margin
40.61%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
15.74%
Profit 5Y
968.53%
Revenue (YoY)
17.40%
Earnings (YoY)
8.40%

PROS

  • Compounding revenue at 15.7% over 5 years.
  • Profit CAGR of 968.5% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SPXC SPX Technologies, Inc. R2K 216.66 41.51 $10.85B - 11.52% 13.85% 15.74% 968.53%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Apr 2016Jul 2016Oct 2016Dec 2016Apr 2017Jul 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Apr 2021Jul 2021Oct 2021Dec 2021Apr 2022Jul 2022Oct 2022Dec 2022Apr 2023Jul 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----340.60M349.70M348.50M387.00M351.90M379.20M362.50M445.00M343.60M372.40M364.80M444.60M254.70M257.30M267.80M348.30M287.20M296.60M285.70M350.00M307.10M354.00M370.50M429.30M399.80M423.30M448.70M465.20M501.30M483.70M-482.60M552.40M592.80M637.30M566.80M
Cost of Revenue -----------------------------------286.70M323.50M353.30M383.90M336.20M
Gross Profit 89.90M91.10M80.80M114.00M88.10M76.10M85.10M80.90M90.10M97.70M87.70M135.20M83.20M108.20M106.20M143.50M90.50M89.40M92.10M123.50M104.40M102.30M95.80M129.30M104.00M124.60M133.10M162.20M-------195.90M228.90M239.50M253.40M230.60M
Operating Expenses -----------------------------------129.20M142.30M142.30M151.70M142.70M
Operating Income 28.10M13.80M11.30M-19.10M5.20M29.70M-19.30M22.70M13.40M-3.00M26.30M27.60M-32.30M17.50M20.40M-25.00M17.10M17.70M-11.40M27.20M37.30M-49.80M51.30M57.70M64.60M74.60M78.90M-66.70M86.60M97.20M101.70M87.90M
EBITDA -----------------------------------97.20M118.00M125.90M143.70M117.90M
Interest Expense -----------------------------------12.30M15.60M12.00M8.20M8.40M
Pretax Income -----------------------------------57.90M69.90M81.50M104.80M77.40M
Tax Provision -----------------------------------6.20M17.40M18.40M26.60M13.00M
Net Income 13.00M4.00M1.90M-86.10M17.40M-9.00M22.30M58.60M12.40M23.00M6.60M39.20M-800.00K19.20M21.50M25.40M22.70M27.10M22.80M-26.80M61.90M330.30M6.40M11.40M13.00M3.10M-27.30M42.80M36.00M-20.40M49.00M44.20M50.20M-51.20M52.20M62.70M77.90M59.90M
Diluted EPS 0.31-0.340.04-2.060.40-0.210.511.320.280.510.150.88-0.020.430.480.680.510.600.490.560.581.337.080.140.250.280.07-0.600.920.77-0.441.050.941.06-1.091.101.281.541.19

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------1.47B1.43B1.51B1.12B1.13B-1.46B1.74B1.98B2.27B
Cost of Revenue ---------------937.00M1.07B1.18B1.35B
Gross Profit ------483.40M426.20M-------523.90M670.00M799.40M917.70M
Operating Expenses ---------------459.10M447.30M487.50M565.50M
Operating Income 408.40M471.60M171.00M320.30M237.00M-123.90M15.80M-185.30M-122.20M70.00M59.90M112.50M114.00M96.90M-64.80M222.70M311.90M352.20M
EBITDA ---------------82.80M276.70M392.70M484.80M
Interest Expense ---------------9.30M27.20M45.70M48.10M
Pretax Income ---------------27.10M186.30M255.40M314.10M
Tax Provision ---------------7.30M41.60M53.60M68.60M
Net Income 294.20M247.90M31.70M205.60M180.60M--393.40M-82.70M-67.20M89.30M81.20M65.30M99.00M-200.00K89.90M200.50M244.00M
Diluted EPS 5.214.560.644.083.363.614.569.14-2.03-2.022.031.821.582.16-0.001.934.265.03
R&D Expense --58.70M47.20M41.10M49.00M32.00M30.20M28.60M29.10M23.30M22.90M24.30M28.10M30.70M39.10M43.20M45.90M54.00M

Compounded Sales Growth

5 Years:15.74%
1 Year:17.40%

Compounded Profit Growth

5 Years:968.53%
1 Year:8.40%

Stock Price Performance

1 Year:+42.46%
6 Months:+0.45%
3 Months:-4.53%
1 Month:+2.51%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --6.14B5.72B5.99B7.39B7.13B6.85B5.89B2.18B1.91B2.04B2.06B2.17B2.33B-1.93B2.44B2.71B3.60B
Current Assets ----------------721.10M709.60M784.30M1.14B
Cash & Equivalents 477.20M354.10M475.90M522.90M455.40M551.00M984.10M575.40M231.80M97.20M99.60M124.30M68.50M50.70M64.00M-147.80M99.40M156.90M364.00M
Inventory ----------------244.00M276.70M271.00M302.20M
Receivables ----------------263.50M279.80M313.60M357.20M
Total Liabilities ----------------851.70M1.25B1.33B1.37B
Current Liabilities --2.02B1.66B1.72B1.96B1.78B2.17B1.61B654.80M476.30M461.00M470.20M608.60M572.10M-333.80M401.20M418.30M461.10M
Long Term Debt ----------------243.00M523.10M577.00M496.70M
Total Debt ----------------246.80M558.30M614.70M501.60M
Total Equity --2.01B1.87B2.10B2.23B2.22B2.16B1.81B345.40M191.60M314.70M414.90M511.50M640.10M-1.08B1.19B1.38B2.24B
Shares Outstanding ----------------53.35M53.62M54.20M57.57M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 460.70M405.90M471.10M253.60M322.60M69.80M105.30M76.40M-38.50M-1.20M46.90M110.60M148.60M126.30M--136.80M208.50M285.90M333.30M
Investing Cash Flow -528.70M-13.60M-188.20M-183.10M-944.30M1.03B-46.70M627.40M-54.20M13.20M-10.60M-180.60M-153.70M-126.10M--66.10M-570.20M-284.50M-561.00M
Financing Cash Flow -67.90M-313.00M-239.20M-147.00M713.90M-669.60M-335.40M-902.80M-175.60M-20.50M-6.20M16.80M-11.10M15.90M--38.90M309.60M53.10M425.50M
Capital Expenditure ----------------15.90M-23.90M-38.00M-92.10M
Free Cash Flow ----------------152.70M184.60M247.90M241.20M
Net Change in Cash ----------------241.80M-52.10M54.50M197.80M
Share Buybacks 715.90M115.20M113.20M--245.60M260.20M488.80M00---0033.70M00-
Dividends Paid 56.90M54.40M50.30M----------------

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------35.9%38.5%40.3%40.5%
Operating Margin % ---------4.8%4.2%7.4%10.1%8.6%-4.4%12.8%15.7%15.5%
Net Margin % ----------4.6%6.3%5.4%5.8%8.8%-0.0%5.2%10.1%10.8%
ROE % -12.3%1.7%9.8%8.1%--21.8%-23.9%-35.1%28.4%19.6%12.8%15.5%-0.0%7.5%14.5%10.9%
ROCE % -11.5%4.2%7.5%4.4%-2.3%0.3%-4.3%-8.0%4.9%3.8%7.1%7.3%5.5%-4.1%10.9%13.6%11.2%

Shareholding Pattern

Insiders
3.11%
Institutions
99.23%
Public Float
102.42%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.45% 6.23M $1.35B
2 Capital International Investors 5.78% 2.89M $626.85M
3 Vanguard Portfolio Management LLC 4.97% 2.49M $539.37M
4 Vanguard Capital Management LLC 4.46% 2.23M $483.80M
5 Invesco Ltd. 3.81% 1.91M $413.69M
6 State Street Corporation 3.56% 1.78M $386.28M
7 Capital World Investors 3.49% 1.75M $378.18M
8 First Trust Advisors LP 2.72% 1.36M $295.28M
9 Geode Capital Management, LLC 2.51% 1.26M $272.07M
10 FMR, LLC 1.96% 982.78K $212.93M

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