insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

SPXC · Spx Technologies, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SPXC

1Y3Y5YMax
Sign in to download
AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$2.27B$1.98B$1.74B$1.46B$1.22B$1.56B
Cost of Revenue$1.35B$1.18B$1.07B$937.00M$787.70M$1.08B
Gross Profit$917.70M$799.40M$670.00M$523.90M$431.80M$478.90M
R&D$54.00M$45.90M$43.20M$39.10M$30.70M$28.40M
SG&A$477.60M$414.60M$394.40M$355.70M$309.60M$320.00M
Total Operating Expenses------
D&A$122.60M$91.60M$63.20M$46.40M$42.30M$41.70M
Operating Income$350.40M$308.30M$221.90M$51.00M$73.70M$132.00M
Interest Expense$48.10M$45.70M$27.20M$9.30M$13.30M$18.40M
Income Tax$68.60M$53.60M$41.60M$7.30M$10.90M$15.80M
Net Income$244.00M$200.50M$89.90M$200.0K$425.40M$97.20M
EPS - Basic$5.10$4.34$1.97$0.00$9.39$2.18
EPS - Diluted$5.03$4.26$1.93$0.00$9.15$2.12

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$364.00M$156.90M$99.40M$147.80M$388.20M$68.30M
Accounts Receivable$357.20M$313.60M$279.80M$263.50M$223.40M$271.80M
Inventory$302.20M$271.00M$276.70M$244.00M$189.80M$162.00M
Accounts Payable$145.20M$128.10M$118.70M$124.50M$119.60M$138.50M
Current Assets$1.14B$784.30M$709.60M$721.10M$903.40M$682.60M
Total Assets$3.60B$2.71B$2.44B$1.93B$2.63B$2.30B
Current Liabilities$461.10M$418.30M$401.20M$333.80M$439.50M$584.90M
Long-term Debt------
Total Liabilities------
Stockholders' Equity$2.24B$1.38B$1.19B$1.08B$1.10B$629.20M
Retained Earnings$482.80M$238.80M$38.30M($51.60M)($51.80M)($488.10M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$333.30M$285.90M$208.50M($136.80M)$174.60M$126.30M
Investing Cash Flow($561.00M)($284.50M)($570.20M)($66.10M)$314.10M($126.10M)
Financing Cash Flow$425.50M$53.10M$309.60M($38.90M)($167.60M)$15.90M
CapEx$92.10M$38.00M$23.90M$15.90M$9.60M$21.50M
Free Cash Flow$241.20M$247.90M$184.60M($152.70M)$165.00M$104.80M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin40.5%40.3%38.5%35.9%35.4%30.7%
Operating margin15.5%15.5%12.7%3.5%6.0%8.5%
EBITDA margin20.9%20.2%16.4%6.7%9.5%11.1%
Net margin10.8%10.1%5.2%0.0%34.9%6.2%
Free cash flow margin10.6%12.5%10.6%-10.5%13.5%6.7%
FCF / Net income0.991.242.05-763.500.391.08
R&D / Revenue2.4%2.3%2.5%2.7%2.5%1.8%
SG&A / Revenue21.1%20.9%22.7%24.3%25.4%20.5%
Effective tax rate21.9%21.1%31.6%97.3%2.5%14.0%
Return on assets6.8%7.4%3.7%0.0%16.2%4.2%
Return on equity10.9%14.5%7.5%0.0%38.6%15.4%
Return on invested capital------
Liquidity
Current ratio2.481.871.772.162.061.17
Quick ratio1.821.231.081.431.620.89
Cash ratio0.790.380.250.440.880.12
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage7.3x6.7x8.2x5.5x5.5x7.2x
Equity multiplier1.611.962.041.792.383.65
Liabilities / Assets------
Efficiency
Asset turnover0.630.730.710.760.460.68
Inventory turnover4.464.373.873.844.156.67
Days sales outstanding58d58d59d66d67d64d
Days inventory outstanding82d84d94d95d88d55d
Days payable outstanding39d39d40d48d55d47d
Cash conversion cycle100d102d112d112d99d72d
Valuation
P / E39.8x34.2x52.3x-6.5x25.7x
P / B4.3x4.9x3.9x2.8x2.5x4.0x
P / S4.3x3.5x2.7x2.1x2.3x1.6x
EV / EBITDA19.7x16.7x16.2x29.6x20.6x14.0x
Growth
Revenue growth (YoY)14.2%13.9%19.2%19.8%-21.8%2.2%
Revenue CAGR (3y)15.7%17.6%3.7%-1.4%-6.1%1.9%
Revenue CAGR (5y)7.8%5.4%3.4%-0.2%--
Gross profit growth (YoY)14.8%19.3%27.9%21.3%-9.8%8.6%
Operating income growth (YoY)13.7%38.9%335.1%-30.8%-44.2%22.3%
Net income growth (YoY)21.7%123.0%44850.0%-100.0%337.7%48.9%
EPS growth (YoY)18.1%120.7%--331.6%34.2%
EPS CAGR (3y)--22.5%-3.1%-71.3%1.5%
EPS CAGR (5y)18.9%21.9%1.2%---
FCF growth (YoY)-2.7%34.3%--57.4%-19.9%
FCF CAGR (5y)18.1%13.6%13.5%---
Book value growth (YoY)61.6%15.9%10.7%-2.1%75.3%25.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$6.80B total
Segment Reporting$2.27B · 33.3%
HVAC$1.52B · 22.3%
HVACReportable Segment$1.52B · 22.3%
Detection And Measurement$746.90M · 11.0%
Detectionand Measurement Reportable Segment$746.90M · 11.0%

Product / service

$2.27B total
Package And Process Cooling Equipment And Services And Engineered Air Movement And Handling Solutions$932.90M · 41.2%
Hydronic Heating Electrical Heating And Ventilation$585.30M · 25.8%
Communication Technologies Aids To Navigation And Transportation Systems$491.00M · 21.7%
Underground Locators Inspections And Rehabilitation Equipment And Robotic Systems$255.90M · 11.3%

Geographic

$2.27B total
US$1.81B · 80.0%
CA$193.40M · 8.5%
GB$95.50M · 4.2%
Other Foreign Countries$91.90M · 4.1%
CN$71.70M · 3.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✗ROA improved YoY
  • ✓Cash flow > net income
  • -Long-term debt decreased
  • ✓Current ratio improved
  • ✗No share dilution
  • ✓Gross margin improved
  • ✗Asset turnover improved

Peer comparison

Same SIC group: Metalworkg Machinery & Equipment

CompanyRevenue (last FY)Net marginROE
LECO$4.23B12.3%35.4%
NNBR$422.21M-8.1%-100.0%
FLOW$1.53B4.4%6.4%
PFIN$59.04M-2.5%-3.5%
CVR$27.89M-3.9%-5.8%

Comparing SPX Technologies against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer share
Jun 12, 2015$0.0944
Mar 12, 2015$0.0944
Dec 11, 2014$0.0944
Sep 11, 2014$0.0944
Jun 12, 2014$0.0944
Mar 12, 2014$0.0944
Dec 10, 2013$0.0630
Sep 12, 2013$0.0630
Jun 12, 2013$0.0630
Mar 12, 2013$0.0630
Dec 10, 2012$0.0630
Sep 12, 2012$0.0630
Jun 12, 2012$0.0630
Mar 12, 2012$0.0630
Dec 12, 2011$0.0630
Sep 12, 2011$0.0630
Jun 10, 2011$0.0630
Mar 14, 2011$0.0630
Dec 13, 2010$0.0630
Sep 13, 2010$0.0630
Jun 11, 2010$0.0630
Mar 11, 2010$0.0630
Dec 11, 2009$0.0630
Sep 11, 2009$0.0630