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SPX Technologies, Inc.

SPXC Industrials Building Products & Equipment

SPX Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 22.9%, EPS grew 40.2%, free cash flow grew 96.8% and total debt fell 39.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three.

166.04 1.38 −0.82%
Market cap
$8.4B
P/E
29.5×
Fwd P/E
34.3×
Dividend yield
—
F-score
6/9
Altman Z
5.56
Beneish M
−2.42
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 10.57
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 1 — — — — — — — — — —
Insider Ownership 3.22%

Capital & Financial Ratios $m

Market Cap 8,390.00
Revenue 2,475.90
Net Income 278.90
Free Cash Flow 303.40
Net Debt 448.30
Current Ratio 1.82 (at or above 1.5: strong)
Debt/Equity 0.26 (at or below 0.5: strong)
P/E ratio 29.49
Fwd P/E 34.30
P/S ratio 3.36
P/B ratio 3.54
Past 5Y EPS Growth 18.86% (at or above 15%: strong)
This Y EPS Growth 23.48% (at or above 15%: strong)
Next Y EPS Growth 16.46% (at or above 15%: strong)
Next Y revenue growth 22.20% (at or above 10%: strong)
Next 5Y EPS Growth 17.03% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 2.1×; over the ten years it ranged from 0.4× in 2016 to 5.1× in 2026.
P/E against its own 10 years 52.85%
10-year low 10-year high
P/S against its own 10 years 79.32%
10-year low 10-year high
P/B against its own 10 years 39.44%
10-year low 10-year high
EV/Sales against its own 10 years 79.03%
10-year low 10-year high
EV/FCF against its own 10 years 50.18%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 99 157 364 166
Receivables 280 314 357 442
Inventory 277 271 302 374
Other 54 43 120 120
710 784 1,144 1,102
2023 2024 2025 Q'26
Payables 119 128 145 195
ST’ Debt 35 38 5 84
Other 74 62 116 128
401 418 461 604

Compound Annual Growth %

10y 5y 3y
Sales 3.81% 14.96% 15.74%
Cash Flow 0.00% 21.42% 0.00%
Earnings 0.00% 19.77% 968.53%
Book Value 21.92% 28.44% 27.51%

Revenue $m

Mar Jun Sep Dec Year
’26 567 679 — — —
’25 483 552 593 637 2,265
’24 465 501 484 534 1,984
’23 400 423 449 469 1,741
’22 307 354 371 429 1,461
’21 287 297 286 350 1,220
’20 367 258 268 234 1,128
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 31 90 — — —
’25 (11) 43 107 195 333
’24 11 58 51 167 286
’23 (4) 72 14 127 209
’22 (57) (39) (14) (26) (137)
’21 60 19 75 21 175
’20 0 27 30 70 126
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 12 69 — — —
’25 (16) 35 96 127 241
’24 1 47 44 160 252
’23 (8) 67 7 119 185
’22 (59) (43) (18) (32) (153)
’21 58 17 72 19 165
’20 (4) 22 26 67 111
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.19 1.55 — — —
’25 1.09 1.10 1.28 1.54 5.03
’24 1.05 0.94 1.06 1.20 4.26
’23 0.92 0.77 (0.44) 0.67 1.93
’22 0.25 0.28 0.07 (0.60) 0.00
’21 0.58 1.32 7.10 0.14 9.15
’20 0.50 0.59 0.50 0.53 2.12
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 7.62 21.97 25.22 26.21 25.50 51.63 41.66 61.09 95.00 115.00

Analyst estimates 2026–2028

Powerpack
High 25.95 32.71 39.28 52.17 56.90 68.24 75.25 104.16 183.83 233.71
People
People Employees 5,000 5,000 4,000 4,500 4,500 3,100 3,300 4,100 4,300 4,700
Revenue/emp, $m 0.29 0.29 0.38 0.25 0.25 0.39 0.44 0.42 0.46 0.48
Income, $m
Income, $m Revenue 1,472 1,426 1,513 1,124 1,128 1,220 1,461 1,741 1,984 2,265
Gross margin, % 25.52 23.16 27.11 35.78 35.06 35.41 35.86 38.48 40.29 40.51
EBT 39 36 85 89 79 70 27 186 255 314
EBT margin, % 2.68 2.53 5.59 7.90 6.97 5.73 1.86 10.70 12.87 13.87
Net income (68) 89 81 65 99 425 20 90 201 244
Depreciation 57 25 28 24 33 72 60 63 92 148
Per share, $
Per share, $ Revenue 35.38 33.62 35.13 25.57 25.28 26.93 32.22 38.23 42.95 47.36
Earnings (2.05) 2.11 1.89 1.61 2.18 9.39 0.00 1.97 4.34 5.10
Cash flow (0.03) 1.11 2.57 3.38 2.83 3.86 (3.02) 4.58 6.19 6.97
Capex (0.28) (0.26) (0.17) (0.31) (0.34) (0.21) (0.35) (0.52) (0.74) (1.93)
Free cash flow (0.31) 0.85 2.40 3.07 2.49 3.64 (3.37) 4.05 5.45 5.04
Book value 4.60 7.42 9.64 11.43 14.34 24.35 23.80 26.23 29.97 46.78
Shares, m 42 42 43 44 45 45 45 46 46 48
Valuation, ×
Valuation, × P/E 0.00 15.33 14.90 31.60 25.02 6.36 6,650.00 50.33 33.53 39.38
P/S 0.69 0.96 0.80 1.99 2.16 2.22 2.06 2.59 3.39 4.22
P/B 5.28 4.34 2.91 4.45 3.80 2.45 2.79 3.78 4.85 4.28
EV/Sales 0.86 1.12 1.00 2.29 2.47 2.10 2.13 2.86 3.62 4.29
EV/FCF (98.31) 44.52 14.72 19.06 25.07 15.52 (20.40) 26.95 28.54 40.24
Cash, $m
Cash, $m Operating cash flow (1) 47 111 149 126 175 (137) 209 286 333
Capex (12) (11) (7) (13) (15) (10) (16) (24) (34) (92)
Free cash flow (13) 36 103 135 111 165 (153) 185 252 241
Balance, $m
Balance, $m Working capital 51 172 128 24 103 464 387 308 366 683
Total debt 356 357 382 394 412 246 247 558 615 502
Net debt 257 233 313 339 348 (142) 99 459 458 138
Shareholders’ equity 192 315 415 502 640 1,103 1,079 1,195 1,384 2,238
Returns, %
Returns, % ROA (4.17) 4.52 3.96 3.38 4.43 17.15 0.01 4.11 7.78 7.72
ROIC 9.76 6.84 9.66 8.47 6.13 4.79 2.71 8.39 10.46 9.22
ROE (34.13) 35.28 22.26 15.46 17.33 48.81 0.02 7.91 15.55 13.47
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

SPX Technologies, Inc. vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAS Masco Corporation $14.3B 16.8× 16.5× −2.88% (below 0%: shrinking) +25.00% (above 0%: growing) +67.78% (above 0%: growing) 43.57% 23.64% Compare
CSL Carlisle Companies Incorporated $13.3B 19.0× 18.5× +8.33% (above 0%: growing) +6.75% (above 0%: growing) −22.53% (below 0%: shrinking) 36.20% 22.45% Compare
LII Lennox International, Inc. $12.4B 16.1× 20.8× +2.96% (above 0%: growing) −1.40% (below 0%: shrinking) +133.39% (above 0%: growing) 34.91% 22.97% Compare
WMS Advanced Drainage Systems, Inc. $9.7B 21.9× 21.2× +20.63% (above 0%: growing) +18.92% (above 0%: growing) −8.28% (below 0%: shrinking) 40.76% 25.43% Compare
OC Owens Corning Inc $9.0B — (loss-making) 13.4× +0.33% (above 0%: growing) −34.19% (below 0%: shrinking) +61.87% (above 0%: growing) 28.77% 17.49% Compare
SPXC SPX Technologies, Inc. $8.4B 29.5× 34.3× +22.92% (above 0%: growing) +40.18% (above 0%: growing) +96.84% (above 0%: growing) 40.18% 16.94%
AWI Armstrong World Industries, Inc. $7.0B 23.0× 19.3× +11.16% (above 0%: growing) +12.44% (above 0%: growing) +13.13% (above 0%: growing) 41.31% 28.35% Compare
AAON AAON, Inc. $6.4B 37.8× 57.5× +101.23% (above 0%: growing) +263.16% (above 0%: growing) +52.96% (above 0%: growing) 24.32% 10.99% Compare
BLDR Builders FirstSource, Inc. $5.8B 59.4× 34.1× −8.77% (below 0%: shrinking) n/m −87.35% (below 0%: shrinking) 28.14% 3.33% Compare
Median of peers $9.3B 21.9× 20.1× +5.65% +12.44% +33.04% 35.56% 22.71%

All 35 Building Products & Equipment stocks →

SPX Technologies, Inc. (SPXC) key facts

  • Strength: SPX Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 14.2% from fiscal 2024.
  • SPX Technologies, Inc. (SPXC) is a Building Products & Equipment company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, SPXC traded at $166.04, a market capitalization of $8.4 billion.
  • Return on equity was 13.5% and debt-to-equity 0.26.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.56 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

SPX Technologies, Inc. (SPXC) Latest News

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stockrow.com/SPXC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com