NYSE : SPXC
SPX Technologies, Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 159.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.01B
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Financial statements
SPX Technologies, Inc. (SPXC) reported revenue of 2.60B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.60B | 2.27B | 1.98B | 1.74B | 1.46B | 1.22B |
| Cost of Revenue | 1.56B | 1.35B | 1.18B | 1.07B | 935.90M | 785.10M |
| Gross Profit | 1.04B | 919.20M | 801.20M | 673.60M | 525.00M | 434.40M |
| Selling, General & Admin | 526.50M | 485.80M | 419.10M | 406.60M | 351.30M | 293.20M |
| Amortization of Goodwill & Intangibles | 99.60M | 87.40M | 64.50M | 43.90M | 28.50M | 21.60M |
| Other Operating Expenses | 500.00K | 500.00K | ||||
| Operating Expenses | 626.60M | 573.70M | 483.60M | 450.50M | 379.80M | 314.80M |
| Operating Income | 410.30M | 345.50M | 317.60M | 223.10M | 145.20M | 119.60M |
| Interest Expense | -37.30M | -48.50M | -45.70M | -27.20M | -9.30M | -13.10M |
| Interest & Investment Income | 4.60M | 4.80M | 2.10M | 1.70M | 1.70M | 500.00K |
| Currency Exchange Gain (Loss) | 3.00M | 2.50M | 800.00K | -900.00K | -1.10M | -900.00K |
| Other Non Operating Income (Expenses) | -10.40M | -8.40M | -4.60M | -600.00K | 1.00M | 2.70M |
| EBT Excluding Unusual Items | 370.20M | 295.90M | 270.20M | 196.10M | 137.50M | 108.80M |
| Merger & Restructuring Charges | 200.00K | -2.60M | -5.40M | -4.40M | -1.50M | -3.60M |
| Impairment of Goodwill | -12.00M | -29.50M | ||||
| Gain (Loss) on Sale of Investments | 22.10M | 23.00M | -4.20M | 3.60M | -3.00M | 11.80M |
| Gain (Loss) on Sale of Assets | 3.20M | |||||
| Asset Writedown | -700.00K | -700.00K | -1.40M | -500.00K | ||
| Legal Settlements | -8.40M | -18.80M | -47.30M | |||
| Other Unusual Items | -1.10M | -1.50M | -9.00M | -73.70M | 30.20M | |
| Pretax Income | 390.70M | 314.10M | 255.40M | 186.30M | 27.10M | 69.90M |
| Income Tax Expense | 86.50M | 68.60M | 53.60M | 41.60M | 7.30M | 10.90M |
| Earnings From Continuing Operations | 304.20M | 245.50M | 201.80M | 144.70M | 19.80M | 59.00M |
| Earnings From Discontinued Operations | -6.10M | -1.50M | -1.30M | -54.80M | -19.60M | 366.40M |
| Net Income to Company | 298.10M | 244.00M | 200.50M | 89.90M | 200.00K | 425.40M |
| Net Income | 298.10M | 244.00M | 200.50M | 89.90M | 200.00K | 425.40M |
| Net Income to Common | 298.10M | 244.00M | 200.50M | 89.90M | 200.00K | 425.40M |
| Shares Outstanding (Basic) | 50.01M | 47.83M | 46.19M | 45.55M | 45.34M | 45.29M |
| Shares Outstanding (Diluted) | 50.62M | 48.51M | 47.08M | 46.61M | 46.22M | 46.49M |
| EPS (Basic) | 5.96 | 5.10 | 4.34 | 1.97 | 0.00 | 9.39 |
| EPS (Diluted) | 5.89 | 5.03 | 4.26 | 1.92 | 0.01 | 9.15 |
| Free Cash Flow | 226.60M | 241.20M | 247.90M | 184.60M | -152.70M | 165.00M |
| Free Cash Flow Per Share | 4.48 | 4.97 | 5.27 | 3.96 | -3.30 | 3.55 |
| Gross Margin | 39.92% | 40.58% | 40.38% | 38.69% | 35.94% | 35.62% |
| Operating Margin | 15.79% | 15.25% | 16.01% | 12.81% | 9.94% | 9.81% |
| Profit Margin | 11.48% | 10.77% | 10.11% | 5.16% | 0.01% | 34.88% |
| Free Cash Flow Margin | 8.72% | 10.65% | 12.50% | 10.60% | -10.45% | 13.53% |
| EBITDA | 549.50M | 467.40M | 408.80M | 286.20M | 191.50M | 160.60M |
| EBITDA Margin | 21.15% | 20.64% | 20.61% | 16.44% | 13.11% | 13.17% |
| D&A For EBITDA | 139.20M | 121.90M | 91.20M | 63.10M | 46.30M | 41.00M |
| EBIT | 410.30M | 345.50M | 317.60M | 223.10M | 145.20M | 119.60M |
| EBIT Margin | 15.79% | 15.25% | 16.01% | 12.81% | 9.94% | 9.81% |
| Effective Tax Rate | 22.14% | 21.84% | 20.99% | 22.33% | 26.94% | 15.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 119.20M | 364.00M | 156.90M | 99.40M | 147.80M | 388.20M |
| Trading Asset Securities | 7.50M | 8.70M | ||||
| Cash & Short-Term Investments | 119.20M | 364.00M | 156.90M | 106.90M | 156.50M | 388.20M |
| Accounts Receivable | 566.90M | 422.20M | 324.90M | 296.40M | 287.40M | 252.30M |
| Receivables | 566.90M | 422.20M | 324.90M | 296.40M | 287.40M | 252.30M |
| Inventory | 422.90M | 302.20M | 271.00M | 276.70M | 244.00M | 189.80M |
| Other Current Assets | 48.30M | 55.30M | 31.50M | 29.60M | 33.20M | 73.10M |
| Total Current Assets | 1.16B | 1.14B | 784.30M | 709.60M | 721.10M | 903.40M |
| Property, Plant & Equipment | 373.70M | 367.60M | 275.90M | 182.90M | 156.20M | 155.00M |
| Long-Term Investments | 700.00K | 6.00M | 2.50M | |||
| Goodwill | 1.61B | 1.04B | 834.50M | 704.80M | 455.30M | 457.30M |
| Other Intangible Assets | 1.50B | 868.20M | 703.00M | 680.80M | 401.60M | 415.50M |
| Long-Term Deferred Tax Assets | 2.90M | 2.20M | 2.40M | 4.00M | 2.70M | 11.00M |
| Other Long-Term Assets | 202.00M | 179.50M | 113.70M | 157.60M | 188.00M | 683.90M |
| Total Assets | 4.85B | 3.60B | 2.71B | 2.44B | 1.93B | 2.63B |
| Accounts Payable | 201.70M | 145.20M | 128.10M | 118.70M | 124.50M | 119.60M |
| Accrued Expenses | 187.00M | 150.10M | 140.80M | 140.80M | 116.30M | 123.90M |
| Short-Term Debt | 74.20M | 1.40M | 10.10M | 17.90M | 1.80M | 2.20M |
| Current Portion of Long-Term Debt | 13.00M | 3.10M | 27.30M | 17.00M | 1.50M | 12.50M |
| Current Portion of Leases | 14.80M | 11.40M | 11.60M | 10.60M | 8.20M | |
| Current Income Taxes Payable | 26.10M | 10.00M | 19.40M | 5.30M | 4.70M | 42.10M |
| Current Unearned Revenue | 117.60M | 115.80M | 62.30M | 73.50M | 52.80M | 44.70M |
| Other Current Liabilities | 7.70M | 20.70M | 18.90M | 16.40M | 21.60M | 86.30M |
| Total Current Liabilities | 627.30M | 461.10M | 418.30M | 401.20M | 333.80M | 439.50M |
| Long-Term Debt | 1.25B | 496.00M | 576.10M | 522.90M | 242.80M | 230.20M |
| Long-Term Leases | 1.20M | 62.10M | 45.40M | 28.70M | 34.00M | 32.10M |
| Long-Term Unearned Revenue | 6.70M | 3.60M | 4.00M | 4.00M | 4.70M | 5.80M |
| Pension & Post-Retirement Benefits | 92.50M | 94.20M | 97.40M | 95.00M | 118.00M | |
| Long-Term Deferred Tax Liabilities | 277.70M | 149.70M | 97.80M | 77.00M | 34.80M | 31.30M |
| Other Long-Term Liabilities | 247.20M | 102.10M | 94.30M | 113.90M | 106.60M | 668.80M |
| Total Liabilities | 2.41B | 1.37B | 1.33B | 1.25B | 851.70M | 1.53B |
| Common Stock | 600.00K | 600.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Additional Paid-In Capital | 1.94B | 1.94B | 1.37B | 1.35B | 1.34B | 1.33B |
| Retained Earnings | 703.00M | 482.80M | 238.80M | 38.30M | -51.60M | -51.80M |
| Treasury Stock | -439.10M | -444.60M | -452.00M | -458.90M | -465.50M | -443.90M |
| Comprehensive Income & Other | 239.90M | 260.50M | 223.60M | 261.10M | 257.50M | 263.90M |
| Total Common Equity | 2.45B | 2.24B | 1.38B | 1.19B | 1.08B | 1.10B |
| Shareholders' Equity | 2.45B | 2.24B | 1.38B | 1.19B | 1.08B | 1.10B |
| Total Liabilities & Equity | 4.85B | 3.60B | 2.71B | 2.44B | 1.93B | 2.63B |
| Total Debt | 1.33B | 577.40M | 670.30M | 598.10M | 290.70M | 285.20M |
| Net Cash (Debt) | -1.22B | -213.40M | -513.40M | -491.20M | -134.20M | 103.00M |
| Net Cash Per Share | -24.01 | -4.40 | -10.91 | -10.54 | -2.90 | 2.22 |
| Filing Date Shares Outstanding | 50.10M | 49.88M | 46.38M | 45.69M | 45.34M | 45.49M |
| Total Common Shares Outstanding | 50.10M | 49.87M | 46.37M | 45.67M | 45.29M | 45.47M |
| Working Capital | 530.00M | 682.60M | 366.00M | 308.40M | 387.30M | 463.90M |
| Book Value Per Share | 48.81 | 44.87 | 29.86 | 26.15 | 23.83 | 24.26 |
| Tangible Book Value | -670.50M | 325.90M | -153.10M | -191.00M | 222.30M | 230.10M |
| Tangible Book Value Per Share | -13.38 | 6.54 | -3.30 | -4.18 | 4.91 | 5.06 |
| Land | 28.30M | 26.90M | 23.50M | 17.90M | 13.90M | 13.90M |
| Buildings | 200.70M | 167.90M | 113.30M | 73.40M | 63.70M | 62.90M |
| Machinery | 407.20M | 338.10M | 308.10M | 264.40M | 233.40M | 231.40M |
| Order Backlog | 934.80M | 657.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 298.10M | 244.00M | 200.50M | 89.90M | 200.00K | 425.40M |
| Depreciation & Amortization | 139.20M | 121.90M | 91.20M | 63.10M | 46.30M | 41.00M |
| Other Amortization | 700.00K | 700.00K | 400.00K | 100.00K | 100.00K | 1.30M |
| Asset Writedown & Restructuring Costs | 2.70M | 2.00M | 700.00K | 13.40M | 29.40M | |
| Loss (Gain) From Sale of Investments | -22.10M | -23.00M | 4.20M | -3.60M | 3.00M | -11.80M |
| Stock-Based Compensation | 17.20M | 16.70M | 15.00M | 13.40M | 10.90M | 12.80M |
| Other Operating Activities | 33.40M | 76.10M | -7.10M | 45.70M | -61.70M | -371.90M |
| Change in Accounts Receivable | -72.90M | -81.80M | 2.10M | 30.60M | -300.00K | -19.80M |
| Change in Inventory | -61.30M | 2.80M | 9.10M | -3.10M | -53.40M | -21.00M |
| Change in Accounts Payable | 41.10M | 24.70M | -4.30M | 7.00M | -73.70M | 45.80M |
| Change in Other Net Operating Assets | -46.50M | |||||
| Operating Cash Flow | 374.70M | 333.30M | 285.90M | 208.50M | -136.80M | 174.60M |
| Capital Expenditures | -148.10M | -92.10M | -38.00M | -23.90M | -15.90M | -9.60M |
| Sale of Property, Plant & Equipment | 3.60M | |||||
| Cash Acquisitions | -1.29B | -445.00M | -292.00M | -547.00M | -40.00M | -265.20M |
| Other Investing Activities | 130.80M | -23.90M | 41.90M | 700.00K | -10.20M | 588.90M |
| Investing Cash Flow | -1.30B | -561.00M | -284.50M | -570.20M | -66.10M | 314.10M |
| Long-Term Debt Issued | 1.26B | 656.80M | 1.05B | 245.00M | 388.90M | |
| Long-Term Debt Repaid | -1.37B | -602.00M | -734.90M | -244.50M | -553.40M | |
| Net Debt Issued (Repaid) | 832.60M | -113.50M | 54.80M | 312.20M | 500.00K | -164.50M |
| Issuance of Common Stock | 575.00M | 900.00K | ||||
| Repurchase of Common Stock | -14.00M | -7.40M | -1.30M | -37.20M | -3.30M | |
| Other Financing Activities | -28.60M | -2.60M | -1.30M | -2.20M | 200.00K | |
| Financing Cash Flow | 818.60M | 425.50M | 53.10M | 309.60M | -38.90M | -167.60M |
| Foreign Exchange Rate Adjustments | -300.00K | 6.80M | 2.00M | -100.00K | 2.90M | 6.60M |
| Net Cash Flow | -110.60M | 204.60M | 56.50M | -52.20M | -238.90M | 327.70M |
| Free Cash Flow | 226.60M | 241.20M | 247.90M | 184.60M | -152.70M | 165.00M |
| Free Cash Flow Margin | 8.72% | 10.65% | 12.50% | 10.60% | -10.45% | 13.53% |
| Free Cash Flow Per Share | 4.48 | 4.97 | 5.27 | 3.96 | -3.30 | 3.55 |
| Levered Free Cash Flow | 159.53M | 165.03M | 239.94M | 181.84M | -11.76M | 176.16M |
| Unlevered Free Cash Flow | 182.84M | 195.34M | 268.50M | 198.84M | -5.95M | 184.35M |
| Cash Interest Paid | 41.70M | 41.70M | 43.40M | 25.60M | 6.50M | 11.40M |
| Cash Income Tax Paid | 57.30M | 57.30M | 43.50M | 58.40M | 59.60M | -5.50M |
| Change in Working Capital | -93.10M | -100.80M | 6.90M | 34.50M | -127.40M | 5.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.01B | 9.97B | 6.75B | 4.61B | 2.97B | 2.71B |
| Enterprise Value | 9.23B | 10.24B | 7.41B | 5.17B | 3.03B | 2.40B |
| Last Close Price | 159.95 | 200.06 | 145.52 | 101.01 | 65.65 | 59.68 |
| PE Ratio | 27.14 | 40.86 | 33.65 | 51.29 | 14,832.64 | 6.37 |
| Forward PE | 17.24 | 27.47 | 24.53 | 21.89 | 20.24 | 23.36 |
| PS Ratio | 3.09 | 4.40 | 3.40 | 2.65 | 2.03 | 2.22 |
| PB Ratio | 3.28 | 4.46 | 4.87 | 3.86 | 2.75 | 2.46 |
| P/TBV Ratio | 30.59 | 13.35 | 11.78 | |||
| P/FCF Ratio | 35.37 | 41.34 | 27.21 | 24.98 | 16.43 | |
| P/OCF Ratio | 21.39 | 29.91 | 23.60 | 22.11 | 15.52 | |
| PEG Ratio | 0.95 | 1.74 | 1.64 | 1.46 | 1.35 | 1.56 |
| EV/Sales Ratio | 3.55 | 4.52 | 3.73 | 2.97 | 2.07 | 1.97 |
| EV/EBITDA Ratio | 16.80 | 21.91 | 18.11 | 18.08 | 15.82 | 14.93 |
| EV/EBIT Ratio | 22.49 | 29.64 | 23.32 | 23.19 | 20.87 | 20.05 |
| EV/FCF Ratio | 40.73 | 42.45 | 29.87 | 28.03 | 14.53 | |
| Debt / Equity Ratio | 0.55 | 0.26 | 0.48 | 0.50 | 0.27 | 0.26 |
| Debt / EBITDA Ratio | 2.34 | 1.18 | 1.57 | 1.98 | 1.40 | 1.64 |
| Debt / FCF Ratio | 5.89 | 2.39 | 2.70 | 3.24 | 1.73 | |
| Net Debt / Equity Ratio | 0.50 | 0.10 | 0.37 | 0.41 | 0.12 | -0.09 |
| Net Debt / EBITDA Ratio | 2.21 | 0.46 | 1.26 | 1.72 | 0.70 | -0.64 |
| Net Debt / FCF Ratio | 5.36 | 0.89 | 2.07 | 2.66 | -0.88 | -0.62 |
| Asset Turnover | 0.63 | 0.72 | 0.77 | 0.80 | 0.64 | 0.49 |
| Inventory Turnover | 4.14 | 4.70 | 4.32 | 4.10 | 4.32 | 4.55 |
| Quick Ratio | 1.09 | 1.71 | 1.15 | 1.00 | 1.33 | 1.46 |
| Current Ratio | 1.84 | 2.48 | 1.88 | 1.77 | 2.16 | 2.06 |
| Return on Equity (ROE) | 13.25% | 13.56% | 15.65% | 12.73% | 1.81% | 6.77% |
| Return on Assets (ROA) | 6.18% | 6.83% | 7.70% | 6.38% | 3.98% | 3.01% |
| Return on Invested Capital (ROIC) | 9.89% | 12.42% | 14.01% | 11.95% | 9.59% | 9.93% |
| Return on Capital Employed (ROCE) | 9.70% | 11.00% | 13.80% | 10.90% | 9.10% | 5.50% |
| Earnings Yield | 3.68% | 2.45% | 2.97% | 1.95% | 0.01% | 15.70% |
| FCF Yield | 2.83% | 2.42% | 3.67% | 4.00% | -5.15% | 6.09% |
| Buyback Yield / Dilution | -6.19% | -3.04% | -1.00% | -0.85% | 0.59% | -1.59% |
| Total Shareholder Return | -6.19% | -3.04% | -1.00% | -0.85% | 0.59% | -1.59% |