SPX Technologies, Inc. SPXC
Last close
196.37
2026-09-04
Market cap
$9.84B
2026-06-27 share count
52-week range
179.62 - 251.08
Valuation FY2025 figures against the last close
P/S4.3x
P/E39.0x
P/FCF40.8x
EV/EBITDA20.0x
Dividend yield—
Diluted EPS5.03
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.10 | 4.34 | 1.97 | 0.00 | 9.39 | 2.22 | 1.61 | 1.89 | 2.11 | -2.05 |
| EPS, diluted | 5.03 | 4.26 | 1.93 | 0.00 | 9.15 | 2.16 | 1.58 | 1.82 | 2.03 | -2.02 |
| Shares, diluted (wtd. avg.) | $48.5M | $47.1M | $46.6M | $46.2M | $46.5M | $45.8M | $45.0M | $44.7M | $43.9M | $42.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3540
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LECO | LINCOLN ELECTRIC HOLDINGS INC | $15.07B | 29.7x | 5.6% |
| NNBR | NN INC | $302.2M | — | -9.1% |
| CVR | CHICAGO RIVET & MACHINE CO | $9.9M | — | 3.3% |