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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $566.80M | - | $592.80M | $552.40M | $482.60M | - | $483.70M | $501.30M | $465.20M | - |
| Cost of Revenue | $336.20M | - | $353.30M | $323.50M | $286.70M | - | $286.10M | $300.50M | $282.30M | - |
| Gross Profit | $230.60M | - | $239.50M | $228.90M | $195.90M | - | $197.60M | $200.80M | $182.90M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $119.40M | - | $117.70M | $117.20M | $109.50M | - | $101.60M | $101.20M | $102.90M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $32.10M | - | $23.50M | $23.40M | $27.00M | - | - | - | $21.00M | - |
| Operating Income | $87.70M | - | $97.10M | $86.60M | $66.60M | - | $78.90M | $74.60M | $64.60M | - |
| Interest Expense | $8.40M | - | $12.00M | $12.80M | $9.80M | - | $12.10M | $12.80M | $9.80M | - |
| Income Tax | $13.00M | - | $18.40M | $17.40M | $6.20M | - | $15.10M | $15.20M | $1.90M | - |
| Net Income | $59.90M | - | $62.70M | $52.20M | $51.20M | - | $50.20M | $44.20M | $49.00M | - |
| EPS - Basic | $1.20 | - | $1.30 | $1.12 | $1.10 | - | $1.08 | $0.96 | $1.07 | - |
| EPS - Diluted | $1.19 | - | $1.28 | $1.10 | $1.09 | - | $1.06 | $0.94 | $1.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $156.50M | $364.00M | $229.40M | $132.80M | $177.80M | $156.90M | $124.80M | $128.10M | $100.50M | $99.40M |
| Accounts Receivable | $391.50M | $357.20M | $386.00M | $363.80M | $319.60M | $313.60M | $339.40M | $325.90M | $317.60M | $279.80M |
| Inventory | $342.40M | $302.20M | $331.30M | $321.90M | $308.10M | $271.00M | $297.70M | $292.70M | $295.10M | $276.70M |
| Accounts Payable | $164.60M | $145.20M | $157.60M | $140.30M | $149.00M | $128.10M | $139.40M | $128.20M | $151.40M | $118.70M |
| Current Assets | $1.01B | $1.14B | $1.06B | $920.60M | $906.80M | $784.30M | $827.60M | $808.70M | $779.60M | $709.60M |
| Total Assets | $3.88B | $3.60B | $3.45B | $3.31B | $3.14B | $2.71B | $2.81B | $2.78B | $2.80B | $2.44B |
| Current Liabilities | $481.20M | $461.10M | $430.90M | $468.00M | $482.90M | $418.30M | $446.30M | $633.30M | $694.80M | $401.20M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.29B | $2.24B | $2.15B | $1.53B | $1.44B | $1.38B | $1.36B | $1.28B | $1.24B | $1.19B |
| Retained Earnings | $542.70M | $482.80M | $404.90M | $342.20M | $290.00M | $238.80M | $181.70M | $131.50M | $87.30M | $38.30M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.60M | - | - | - | ($10.90M) | - | - | - | $10.50M | - |
| Investing Cash Flow | ($395.80M) | - | - | - | ($306.60M) | - | - | - | ($303.90M) | - |
| Financing Cash Flow | $157.60M | - | - | - | $335.70M | - | - | - | $292.70M | - |
| CapEx | $18.50M | - | - | - | $5.50M | - | - | - | $9.90M | - |
| Free Cash Flow | $12.10M | - | - | - | ($16.40M) | - | - | - | $600.0K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.7% | - | 40.4% | 41.4% | 40.6% | - | 40.9% | 40.1% | 39.3% | - |
| Operating margin | 15.5% | - | 16.4% | 15.7% | 13.8% | - | 16.3% | 14.9% | 13.9% | - |
| EBITDA margin | 21.1% | - | 20.3% | 19.9% | 19.4% | - | - | - | 18.4% | - |
| Net margin | 10.6% | - | 10.6% | 9.4% | 10.6% | - | 10.4% | 8.8% | 10.5% | - |
| Free cash flow margin | 2.1% | - | - | - | -3.4% | - | - | - | 0.1% | - |
| FCF / Net income | 0.20 | - | - | - | -0.32 | - | - | - | 0.01 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.1% | - | 19.9% | 21.2% | 22.7% | - | 21.0% | 20.2% | 22.1% | - |
| Effective tax rate | 17.8% | - | 22.7% | 25.0% | 10.8% | - | 23.1% | 25.6% | 3.7% | - |
| Return on assets | 1.5% | - | 1.8% | 1.6% | 1.6% | - | 1.8% | 1.6% | 1.8% | - |
| Return on equity | 2.6% | - | 2.9% | 3.4% | 3.5% | - | 3.7% | 3.4% | 4.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.11 | 2.48 | 2.47 | 1.97 | 1.88 | 1.87 | 1.85 | 1.28 | 1.12 | 1.77 |
| Quick ratio | 1.39 | 1.82 | 1.70 | 1.28 | 1.24 | 1.23 | 1.19 | 0.81 | 0.70 | 1.08 |
| Cash ratio | 0.33 | 0.79 | 0.53 | 0.28 | 0.37 | 0.38 | 0.28 | 0.20 | 0.14 | 0.25 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 10.4x | - | 8.1x | 6.8x | 6.8x | - | 6.5x | 5.8x | 6.6x | - |
| Equity multiplier | 1.70 | 1.61 | 1.60 | 2.16 | 2.17 | 1.96 | 2.07 | 2.17 | 2.26 | 2.04 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.17 | 0.17 | 0.15 | - | 0.17 | 0.18 | 0.17 | - |
| Inventory turnover | 0.98 | - | 1.07 | 1.00 | 0.93 | - | 0.96 | 1.03 | 0.96 | - |
| Days sales outstanding | 252d | - | 238d | 240d | 242d | - | 256d | 237d | 249d | - |
| Days inventory outstanding | 372d | - | 342d | 363d | 392d | - | 380d | 356d | 382d | - |
| Days payable outstanding | 179d | - | 163d | 158d | 190d | - | 178d | 156d | 196d | - |
| Cash conversion cycle | 445d | - | 417d | 445d | 444d | - | 458d | 437d | 435d | - |
| Valuation | ||||||||||
| P / E | 168.1x | - | 142.9x | 152.0x | 118.7x | - | 150.0x | 151.2x | 117.3x | - |
| P / B | 4.4x | - | 4.2x | 5.2x | 4.2x | - | 5.5x | 5.2x | 4.6x | - |
| P / S | 17.8x | - | 15.1x | 14.3x | 12.6x | - | 15.5x | 13.4x | 12.4x | - |
| EV / EBITDA | 83.0x | - | 72.3x | 70.8x | 63.3x | - | - | - | 66.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 17.4% | - | 22.6% | 10.2% | 3.7% | - | 7.8% | 18.4% | 16.4% | - |
| Revenue CAGR (3y) | 12.3% | - | 17.0% | 16.0% | 16.3% | - | 19.2% | 19.1% | 5.3% | - |
| Revenue CAGR (5y) | 7.3% | - | 10.3% | 8.2% | 5.5% | - | 5.8% | 6.1% | 6.2% | - |
| Gross profit growth (YoY) | 17.7% | - | 21.2% | 14.0% | 7.1% | - | 17.2% | 22.7% | 22.0% | - |
| Operating income growth (YoY) | 31.7% | - | 23.1% | 16.1% | 3.1% | - | 36.7% | 45.4% | 29.7% | - |
| Net income growth (YoY) | 17.0% | - | 24.9% | 18.1% | 4.5% | - | - | 22.8% | 14.5% | - |
| EPS growth (YoY) | 9.2% | - | 20.8% | 17.0% | 3.8% | - | - | 22.1% | 14.1% | - |
| EPS CAGR (3y) | 9.0% | - | 163.5% | 57.8% | 63.4% | - | -47.0% | -10.7% | 21.9% | - |
| EPS CAGR (5y) | 15.5% | - | 20.7% | 13.3% | 16.9% | - | 17.2% | 16.9% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -26.8% | - | - | - | - | - | - | - | -38.6% | - |
| Book value growth (YoY) | 58.3% | 61.6% | 58.2% | 19.4% | 16.6% | 15.9% | 18.4% | 9.5% | 9.9% | 10.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.80B totalSegment 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 totalPackage 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 totalUS$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%
Peer comparison
Same SIC group: Metalworkg Machinery & Equipment
Comparing SPX Technologies against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per 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 |