Griffon Corporation (GFF) vs SPX Technologies, Inc. (SPXC)

Griffon Corporation and SPX Technologies, Inc. are both Building Products & Equipment companies. SPX Technologies, Inc. is the larger, with a market value of $6.9B against $4.6B — 1.5× the size. SPX Technologies, Inc. trades at the lower P/E: 23.3× against 25.6×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.2% against −12.0%. SPX Technologies, Inc. has the higher net margin (11.5% vs 8.08%) and the lower return on invested capital (7.14% vs 22.1%). Across the 22 metrics below, Griffon Corporation leads on 12 and SPX Technologies, Inc. on 10.

Valuation

Metric GFF SPXC Building Products & Equipment median
P/E 25.63 23.33 23.33
P/S 2.04 2.69 2.09
P/B 34.98 2.85 2.85
Price to free cash flow 14.33 30.78 18.42
EV/EBITDA 10.90 14.27 13.29
EV/Sales 2.56 3.15 2.28
Earnings yield 3.90% 4.29% 3.04%
Free cash flow yield 6.98% 3.25% 4.26%

Profitability

Metric GFF SPXC Building Products & Equipment median
Gross margin 47.93% 39.89% 31.88%
Operating margin 20.39% 16.10% 7.18%
Net margin 8.08% 11.48% 4.11%
Free cash flow margin 14.23% 8.72% 6.41%
Return on equity 185.41% 12.98% 5.95%
Return on assets 9.12% 7.19% 3.90%
Return on invested capital 22.08% 7.14% 5.54%

Growth

Metric GFF SPXC Building Products & Equipment median
Revenue growth (TTM) (12.03%) 20.18% 6.27%
EPS growth (last fiscal year) (74.23%) 18.08% (28.29%)
Revenue growth, 5-year CAGR 4.05% 14.96% 4.81%
Net income growth, 5-year CAGR (0.88%) 19.77% 0.00%

Health

Metric GFF SPXC Building Products & Equipment median
Debt to equity 9.75 0.55 0.55
Current ratio 2.41 1.84 1.83
Net debt to EBITDA 2.52 0.28 1.45

Dividend

Metric GFF SPXC Building Products & Equipment median
Dividend yield 0.86% — 1.37%
Payout ratio 0.22 — 0.28

Size

Metric GFF SPXC Building Products & Equipment median
Market cap 4.64b 6.94b 3.22b

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