SPX Technologies, Inc. SPXC

Industrials SIC 3540 - Metalworkg Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing derived NYSE

Last close 160.33 2026-10-23
Market cap $8.03B 2026-06-27 share count
52-week range 155.86 - 251.08

Valuation FY2025 figures against the last close

P/S3.5x
P/E31.9x
P/FCF33.3x
EV/EBITDA16.2x
Dividend yield—
Diluted EPS5.03

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • HVAC - Revenues recognized at a point in time
  • Detection and Measurement - Revenues recognized at a point in time
  • HVAC - Revenues recognized over time
  • Detection and Measurement - Revenues recognized over time
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 HVAC - Revenues recognized at a point in time, FY2025: 1.4B (61.7%) 62% HVAC - Revenues recognized at a point in time Detection and Measurement - Revenues recognized at a point in time, FY2025: 629.6M (27.8%) 28% HVAC - Revenues recognized over time, FY2025: 121.6M (5.4%) 5% Detection and Measurement - Revenues recognized over time, FY2025: 117.3M (5.2%) 5% FY2024 HVAC - Revenues recognized at a point in time, FY2024: 1.2B (63.0%) 63% Detection and Measurement - Revenues recognized at a point in time, FY2024: 521.5M (26.3%) 26% HVAC - Revenues recognized over time, FY2024: 115.7M (5.8%) 6% Detection and Measurement - Revenues recognized over time, FY2024: 97.7M (4.9%) 5% FY2023 HVAC - Revenues recognized at a point in time, FY2023: 1B (59.9%) 60% Detection and Measurement - Revenues recognized at a point in time, FY2023: 525.2M (30.2%) 30% HVAC - Revenues recognized over time, FY2023: 79.5M (4.6%) 5% Detection and Measurement - Revenues recognized over time, FY2023: 93.7M (5.4%) 5%
Segment FY2025FY2024FY2023
HVAC - Revenues recognized at a point in time $1.40B $1.25B $1.04B
Detection and Measurement - Revenues recognized at a point in time $629.6M $521.5M $525.2M
HVAC - Revenues recognized over time $121.6M $115.7M $79.5M
Detection and Measurement - Revenues recognized over time $117.3M $97.7M $93.7M

As the company reported it, from the “Revenues from Contracts - Disaggregated Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.27B$1.98B$1.74B$1.46B$1.22B$1.13B$1.12B$1.51B$1.43B$1.47B
Cost of revenue $1.35B$1.18B$1.07B$937.0M$787.7M$732.6M$721.6M$1.10B$1.10B$1.10B
Gross profit $917.7M$799.4M$670.0M$523.9M$431.8M$395.5M$402.0M$410.0M$330.2M$375.8M
R&D $54.0M$45.9M$43.2M$39.1M$30.7M$28.1M$24.3M$22.9M$23.3M$29.1M
SG&A $477.6M$414.6M$394.4M$355.7M$309.6M$272.5M$275.8M$289.1M$277.2M$286.0M
Operating income $350.4M$308.3M$221.9M$51.0M$73.7M$96.9M$114.0M$112.5M$59.9M$70.0M
Interest expense $48.1M$45.7M$27.2M$9.3M$13.1M$18.4M$21.0M$21.5M$17.1M$14.8M
Pre-tax income $314.1M$255.4M$186.3M$27.1M$69.9M$78.6M$88.8M$84.5M$36.1M$39.4M
Income tax $68.6M$53.6M$41.6M$7.3M$10.9M$4.8M$12.5M$2.6M$47.9M$9.1M
Net income $244.0M$200.5M$89.9M$200.0K$425.4M$99.0M$65.3M$81.2M$89.3M-$67.2M
EPS, basic 5.104.341.970.009.392.221.611.892.11-2.05
EPS, diluted 5.034.261.930.009.152.161.581.822.03-2.02
Shares, diluted (wtd. avg.) 48.5M47.1M46.6M46.2M46.5M45.8M45.0M44.7M43.9M42.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $364.0M$156.9M$99.4M$147.8M$388.2M$64.0M$50.7M$68.5M$124.3M$99.6M
Receivables $357.2M$313.6M$279.8M$263.5M$223.4M$210.8M$264.8M$269.1M$267.5M$251.7M
Inventory $302.2M$271.0M$276.7M$244.0M$189.8M$155.0M$154.9M$128.8M$143.0M$145.7M
Total current assets $1.14B$784.3M$709.6M$721.1M$903.4M$675.1M$632.1M$598.4M$632.5M$527.6M
Property, plant and equipment ———————$184.2M$186.6M$195.5M
Goodwill $1.04B$834.5M$704.8M$455.3M$457.3M$368.6M$318.0M$394.4M$345.9M$340.4M
Other intangibles $868.2M$703.0M$680.8M$401.6M$415.5M$305.0M$251.7M$198.4M$117.6M$117.9M
Total assets $3.60B$2.71B$2.44B$1.93B$2.63B$2.33B$2.17B$2.06B$2.04B$1.91B
Accounts payable $145.2M$128.1M$118.7M$124.5M$119.6M$102.1M$141.2M$153.6M$159.7M$137.6M
Short-term debt $3.5M$27.6M$17.3M$2.0M$13.0M$7.2M$1.0M$18.0M$500.0K$17.9M
Total current liabilities $461.1M$418.3M$401.2M$333.8M$439.5M$572.1M$608.6M$470.2M$461.0M$476.3M
Retained earnings $482.8M$238.8M$38.3M-$51.6M-$51.8M-$477.2M-$584.8M-$650.1M-$742.3M-$831.6M
Total equity $2.24B$1.38B$1.19B$1.08B$1.10B$640.1M$511.5M$424.0M$314.7M$191.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $333.3M$285.9M$208.5M-$136.8M$174.6M$126.3M$148.6M$110.6M$46.9M-$1.2M
Depreciation and amortisation $122.6M$91.6M$63.2M$46.4M$42.3M$31.9M$24.4M$27.9M$25.2M$26.5M
Stock-based compensation $16.7M$15.0M$13.4M$10.9M$12.8M$13.1M$12.6M$15.5M$15.8M$13.7M
Capital expenditure $92.1M$38.0M$23.9M$15.9M$9.6M$15.3M$13.5M$12.4M$11.0M$11.7M
Investing cash flow -$561.0M-$284.5M-$570.2M-$66.1M$314.1M-$126.1M-$153.7M-$180.6M-$10.6M$13.2M
Financing cash flow $425.5M$53.1M$309.6M-$38.9M-$167.6M$15.9M-$11.1M$16.8M-$6.2M-$20.5M
Buybacks —$0$0$33.7M$0$0———$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000088205-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.5B Gross profit, FY2016: 375.8M Net income, FY2016: -67.2M Revenue, FY2017: 1.4B Gross profit, FY2017: 330.2M Net income, FY2017: 89.3M Revenue, FY2018: 1.5B Gross profit, FY2018: 410M Net income, FY2018: 81.2M Revenue, FY2019: 1.1B Gross profit, FY2019: 402M Net income, FY2019: 65.3M Revenue, FY2020: 1.1B Gross profit, FY2020: 395.5M Net income, FY2020: 99M Revenue, FY2021: 1.2B Gross profit, FY2021: 431.8M Net income, FY2021: 425.4M Revenue, FY2022: 1.5B Gross profit, FY2022: 523.9M Net income, FY2022: 200K Revenue, FY2023: 1.7B Gross profit, FY2023: 670M Net income, FY2023: 89.9M Revenue, FY2024: 2B Gross profit, FY2024: 799.4M Net income, FY2024: 200.5M Revenue, FY2025: 2.3B Gross profit, FY2025: 917.7M Net income, FY2025: 244M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.47B $1.43B $1.51B $1.12B $1.13B $1.22B $1.46B $1.74B $1.98B $2.27B
Gross profit $375.8M $330.2M $410.0M $402.0M $395.5M $431.8M $523.9M $670.0M $799.4M $917.7M
Net income -$67.2M $89.3M $81.2M $65.3M $99.0M $425.4M $200.0K $89.9M $200.5M $244.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3540

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