SPX Technologies, Inc. (SPXC) vs Trane Technologies plc (TT)

SPX Technologies, Inc. and Trane Technologies plc are both Building Products & Equipment companies. Trane Technologies plc is the larger, with a market value of $96.8B against $8.6B — 11.2× the size. SPX Technologies, Inc. trades at the lower P/E: 30.7× against 34.5×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against 7.03%. Trane Technologies plc has the higher net margin (13.3% vs 11.3%) and the higher return on invested capital (20.9% vs 8.94%). Across the 22 metrics below, SPX Technologies, Inc. leads on 13 and Trane Technologies plc on 9.

Valuation

Metric SPXC TT Building Products & Equipment median
P/E 30.69 34.48 24.54
P/S 3.49 4.53 2.00
P/B 3.68 11.64 3.02
Price to free cash flow 28.52 28.20 18.49
EV/EBITDA 16.51 23.75 12.63
EV/Sales 3.68 4.68 2.14
Earnings yield 3.26% 2.90% 2.74%
Free cash flow yield 3.51% 3.55% 3.58%

Profitability

Metric SPXC TT Building Products & Equipment median
Gross margin 40.24% 35.39% 29.19%
Operating margin 16.15% 17.94% 6.84%
Net margin 11.26% 13.28% 4.05%
Free cash flow margin 12.25% 16.06% 8.72%
Return on equity 14.37% 35.74% 9.28%
Return on assets 7.70% 13.13% 2.88%
Return on invested capital 8.94% 20.85% 5.16%

Growth

Metric SPXC TT Building Products & Equipment median
Revenue growth (TTM) 20.63% 7.03% 3.11%
EPS growth (last fiscal year) 18.08% 15.48% —
Revenue growth, 5-year CAGR 14.96% 11.35% 5.37%
Net income growth, 5-year CAGR 19.77% 27.84% 0.00%

Health

Metric SPXC TT Building Products & Equipment median
Debt to equity 0.26 0.53 0.43
Current ratio 1.82 1.07 1.82
Net debt to EBITDA 0.28 0.66 0.98

Dividend

Metric SPXC TT Building Products & Equipment median
Dividend yield — 1.17% 1.20%
Payout ratio 0.00 0.35 0.04

Size

Metric SPXC TT Building Products & Equipment median
Market cap 8.64b 96.79b 1.18b

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