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SPXCSPX Technologies, Inc.
$218.83$11.0B
Overview & Verdict
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SPXC logoSPX Technologies, Inc.(SPXC)Earnings, Financials & Key Ratios

SPXC•NYSE
$218.83
43.2× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryIndustrial MachinerySub-IndustryHVAC and thermal management
AboutSPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.Show more
  • Revenue$2.27B+14.2%
  • EBITDA$504M+26.0%
  • Net Income$246M+22.4%
  • EPS (Diluted)5.06+17.9%
  • Gross Margin36.66%-9.0%
  • EBITDA Margin22.24%+10.3%
  • Operating Margin16.82%+8.3%
  • Net Margin10.84%+7.2%
  • ROE13.56%-12.8%

SPXC Price & Volume

SPX Technologies, Inc. (SPXC) stock price & volume — 10-year historical chart

Loading chart...

Strategic Deleveraging Supports Sustainable Infrastructure Growth Trajectory

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Cyclical construction demand exposure

Key Thesis Takeaways

  • SPX Technologies is successfully transitioning from an acquisition-heavy growth phase to a more disciplined operational model, evidenced by a significant reduction in the debt-to-equity ratio from 0.69 in 2024Q1 to 0.29 in 2026Q1.
  • While the company benefits from non-discretionary infrastructure replacement cycles driving 17.4% revenue growth as of 2026Q1, investors should monitor potential margin compression risks stemming from input cost volatility.
  • The firm's reliance on $1.2 billion in goodwill necessitates continued scrutiny of its ability to integrate specialized assets while maintaining premium pricing power in its core HVAC and detection segments.

Verdict Logic

while the company demonstrates robust cash generation with an operating cash flow to net income ratio of 3.26 in 2026Q1, the current P/E of 45.82 suggests the market has already priced in significant future growth expectations.

SPXC Growth Metrics

SPX Technologies, Inc. (SPXC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.81%
5 Years14.96%
3 Years15.74%
TTM17.39%

Profit CAGR

10 Years-
5 Years19.92%
3 Years970.71%
TTM24.85%

EPS CAGR

10 Years-
5 Years19%
3 Years955.75%
TTM18.75%

Return on Capital

10 Years7.59%
5 Years9.37%
3 Years13.48%
Last Year14.01%

SPXC Recent Earnings

SPX Technologies, Inc. (SPXC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.69+9.0%
$1.55
Rev
$567M+1.6%
$558M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$1.88+1.1%
$1.86
Rev
$637M+1.8%
$626M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.84+15.0%
$1.60
Rev
$593M-5.3%
$626M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$1.65+13.8%
$1.45
Rev
$552M-2.4%
$566M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.69vs $1.55+9.0%
$567Mvs $558M+1.6%
Q1 2026Feb 24, 2026
$1.88vs $1.86+1.1%
$637Mvs $626M+1.8%
Q4 2025Oct 30, 2025
$1.84vs $1.60+15.0%
$593Mvs $626M-5.3%
Q3 2025Jul 31, 2025
$1.65vs $1.45+13.8%
$552Mvs $566M-2.4%
Based on last 12 quarters of dataView full earnings history →

Latest SPXC News

Recent stock market news and headlines for SPX Technologies, Inc. (SPXC)

Seeking Alpha·Jun 30, 2026
SPX Technologies: Global Strategy Working, But Shares May Be Fully Valued

SPX Technologies is executing on geographic expansion and disciplined acquisitions, driving strong revenue and margin growth, particularly in Canada. Q1-2026 results showed 17.4% revenue growth, 24.6% GAAP income growth, and raised FY2026 guidance for revenue (+15%), adjusted EBITDA (+21%), and adjusted EPS (+18%). Canadian acquisitions, favorable market dynamics, and government incentives are key catalysts, while tariffs and currency remain manageable risks.

Market Watch·Jun 26, 2026
S&P 500 volatility indicators are flashing mixed signals — locking bulls and bears in a tug-of-war

The S&P 500 Index (SPX) SPX-0.01% continues to be subject to large intraday volatility. The U.S. benchmark index is showing resistance at 7,460 (the top of the gap), in addition to the resistance at 7,530 and 7,600-7,620.

Zacks Investment Research·Jun 22, 2026
SPX Technologies (SPXC) is an Incredible Growth Stock: 3 Reasons Why

SPX Technologies (SPXC) could produce exceptional returns because of its solid growth attributes.

Zacks Investment Research·Jun 22, 2026
Are Construction Stocks Lagging SPX Technologies, Inc. (SPXC) This Year?

Here is how SPX Technologies (SPXC) and Simpson Manufacturing (SSD) have performed compared to their sector so far this year.

Globe News Wire·Jun 19, 2026
SPX Technologies Announces Leadership Transition in D&M Segment

CHARLOTTE, N. C. , June 19, 2026 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE: SPXC) ("SPX" or the "Company") today announced a planned leadership transition within its Detection and Measurement (D&M) segment. After an outstanding career with SPX, John Swann has announced plans to retire in January 2027.

Peers Comparison

Key metrics vs top competitors for SPX Technologies, Inc. (SPXC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SPXC logoSPXCSPX Technologies, Inc.Current
$218.83$10.98B43.2514.17%10.84%13.56%—
GNRC logoGNRCGenerac Holdings Inc.
$235.80$13.84B87.66-2.02%4.37%7.18%—
FELE logoFELEFranklin Electric Co., Inc.
$102.77$4.54B31.625.44%6.91%11.44%—
AAON logoAAONAAON, Inc.
$109.94$9.01B85.2220.11%7.3%13.4%—
TRMK logoTRMKTrustmark Corporation
$46.23$2.71B12.4934.75%19%10.75%—
WTS logoWTSWatts Water Technologies, Inc.
$357.29$11.93B35.138.27%14.32%18.38%—

Compare SPXC vs Peers

SPX Technologies, Inc. (SPXC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GNRC

Most directly comparable listed peer for SPXC.

Scale Benchmark

vs TT

Larger-name benchmark to compare SPXC against a more recognizable public peer.

Peer Set

Compare Top 5

vs GNRC, FELE, AAON, TRMK

SPXC SEC Filings & Documents

SPX Technologies, Inc. (SPXC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 2, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

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SPXC Frequently Asked Questions

SPX Technologies, Inc. (SPXC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is SPX Technologies, Inc.'s revenue?

SPX Technologies, Inc. (SPXC) reported $2.35B in revenue for fiscal year 2025. This represents a 14% increase from $2.06B in 1996.

How fast is SPX Technologies, Inc. growing?

SPX Technologies, Inc. (SPXC) grew revenue by 14.2% over the past year. This is steady growth.

Is SPXC profitable?

Yes, SPX Technologies, Inc. (SPXC) is profitable, generating $253.7M in net income for fiscal year 2025 (10.8% net margin).

Dividend & Returns
What is SPXC's return on equity?

SPX Technologies, Inc. (SPXC) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

What is SPX Technologies, Inc.'s free cash flow?

SPX Technologies, Inc. (SPXC) generated $385.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SPXC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →