SPX Technologies, Inc. (SPXC) vs Trex Company, Inc. (TREX)

SPX Technologies, Inc. and Trex Company, Inc. are both Building Products & Equipment companies. SPX Technologies, Inc. is the larger, with a market value of $8.4B against $4.7B — 1.8× the size. Trex Company, Inc. trades at the lower P/E: 27.2× against 29.5×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against 6.97%. Trex Company, Inc. has the higher net margin (14.7% vs 11.3%) and the higher return on invested capital (12.1% vs 8.94%). Across the 22 metrics below, Trex Company, Inc. leads on 12 and SPX Technologies, Inc. on 10.

Valuation

Metric SPXC TREX Building Products & Equipment median
P/E 29.49 27.22 23.15
P/S 3.36 3.87 2.02
P/B 3.54 4.63 2.81
Price to free cash flow 27.40 23.55 16.84
EV/EBITDA 15.90 15.69 12.85
EV/Sales 3.54 4.08 2.04
Earnings yield 3.39% 3.67% 2.76%
Free cash flow yield 3.65% 4.25% 4.23%

Profitability

Metric SPXC TREX Building Products & Equipment median
Gross margin 40.24% 38.20% 29.19%
Operating margin 16.15% 20.17% 6.99%
Net margin 11.26% 14.68% 4.05%
Free cash flow margin 12.25% 16.45% 7.60%
Return on equity 14.37% 17.74% 9.28%
Return on assets 7.70% 11.21% 2.88%
Return on invested capital 8.94% 12.12% 5.16%

Growth

Metric SPXC TREX Building Products & Equipment median
Revenue growth (TTM) 20.63% 6.97% 3.11%
EPS growth (last fiscal year) 18.08% (15.31%) (34.13%)
Revenue growth, 5-year CAGR 14.96% 5.92% 5.37%
Net income growth, 5-year CAGR 19.77% 1.63% 0.00%

Health

Metric SPXC TREX Building Products & Equipment median
Debt to equity 0.26 0.25 0.43
Current ratio 1.82 1.06 1.82
Net debt to EBITDA 0.28 0.40 0.98

Dividend

Metric SPXC TREX Building Products & Equipment median
Dividend yield — — 1.43%
Payout ratio — — 0.29

Size

Metric SPXC TREX Building Products & Equipment median
Market cap 8.39b 4.71b 1.17b

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