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 $6.9B against $5.7B — 1.2× the size. SPX Technologies, Inc. trades at the lower P/E: 23.3× against 32.8×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.2% against 8.58%. Trex Company, Inc. has the higher net margin (13.9% vs 11.5%) and the higher return on invested capital (13.1% vs 7.14%). Across the 22 metrics below, SPX Technologies, Inc. leads on 13 and Trex Company, Inc. on 9.

Valuation

Metric SPXC TREX Building Products & Equipment median
P/E 23.33 32.85 23.33
P/S 2.69 4.47 2.09
P/B 2.85 5.67 2.85
Price to free cash flow 30.78 29.63 18.42
EV/EBITDA 14.27 18.31 13.29
EV/Sales 3.15 4.61 2.28
Earnings yield 4.29% 3.04% 3.04%
Free cash flow yield 3.25% 3.38% 4.26%

Profitability

Metric SPXC TREX Building Products & Equipment median
Gross margin 39.89% 37.09% 31.88%
Operating margin 16.10% 19.17% 7.18%
Net margin 11.48% 13.89% 4.11%
Free cash flow margin 8.72% 15.10% 6.41%
Return on equity 12.98% 17.35% 5.95%
Return on assets 7.19% 11.79% 3.90%
Return on invested capital 7.14% 13.05% 5.54%

Growth

Metric SPXC TREX Building Products & Equipment median
Revenue growth (TTM) 20.18% 8.58% 6.27%
EPS growth (last fiscal year) 18.08% (19.55%) (28.29%)
Revenue growth, 5-year CAGR 14.96% 5.92% 4.81%
Net income growth, 5-year CAGR 19.77% 1.63% 0.00%

Health

Metric SPXC TREX Building Products & Equipment median
Debt to equity 0.55 0.17 0.55
Current ratio 1.84 1.23 1.83
Net debt to EBITDA 0.28 0.40 1.45

Dividend

Metric SPXC TREX Building Products & Equipment median
Dividend yield — — 1.37%
Payout ratio — — 0.28

Size

Metric SPXC TREX Building Products & Equipment median
Market cap 6.94b 5.71b 3.22b

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