SPX Technologies, Inc. (SPXC) vs Advanced Drainage Systems, Inc. (WMS)

SPX Technologies, Inc. and Advanced Drainage Systems, Inc. are both Building Products & Equipment companies. Advanced Drainage Systems, Inc. is the larger, with a market value of $9.7B against $8.6B — 1.1× the size. Advanced Drainage Systems, Inc. trades at the lower P/E: 22.8× against 30.7×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against 10.4%. Advanced Drainage Systems, Inc. has the higher net margin (14.0% vs 11.3%) and the higher return on invested capital (12.3% vs 8.94%). Across the 22 metrics below, Advanced Drainage Systems, Inc. leads on 14 and SPX Technologies, Inc. on 8.

Valuation

Metric SPXC WMS Building Products & Equipment median
P/E 30.69 22.84 24.54
P/S 3.49 3.16 2.00
P/B 3.68 5.60 3.02
Price to free cash flow 28.52 18.49 18.49
EV/EBITDA 16.51 13.08 12.63
EV/Sales 3.68 3.65 2.14
Earnings yield 3.26% 4.38% 2.74%
Free cash flow yield 3.51% 5.41% 3.58%

Profitability

Metric SPXC WMS Building Products & Equipment median
Gross margin 40.24% 38.65% 29.19%
Operating margin 16.15% 20.74% 6.84%
Net margin 11.26% 14.00% 4.05%
Free cash flow margin 12.25% 17.10% 8.72%
Return on equity 14.37% 25.71% 9.28%
Return on assets 7.70% 10.71% 2.88%
Return on invested capital 8.94% 12.34% 5.16%

Growth

Metric SPXC WMS Building Products & Equipment median
Revenue growth (TTM) 20.63% 10.37% 3.11%
EPS growth (last fiscal year) 18.08% (5.56%) —
Revenue growth, 5-year CAGR 14.96% 9.00% 5.37%
Net income growth, 5-year CAGR 19.77% 18.13% 0.00%

Health

Metric SPXC WMS Building Products & Equipment median
Debt to equity 0.26 0.95 0.43
Current ratio 1.82 2.12 1.82
Net debt to EBITDA 0.28 1.80 0.98

Dividend

Metric SPXC WMS Building Products & Equipment median
Dividend yield — 0.35% 1.20%
Payout ratio 0.00 0.08 0.04

Size

Metric SPXC WMS Building Products & Equipment median
Market cap 8.64b 9.72b 1.18b

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