STOCK TITAN

SPX TECHNOLOGIES INC Financials

SPXC
Source SEC Filings (10-K/10-Q) Data as of Mar 28, 2026 Currency USD FYE December

This page shows SPX TECHNOLOGIES INC (SPXC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SPXC FY2025

SPX Technologies is scaling into higher operating profit, with overhead growing slower than sales and cash conversion remaining healthy.

From FY2023 to FY2025, operating margin expanded from 12.7% to 15.5%. Because gross margin only edged higher over the same span, the earnings lift appears to come mainly from overhead absorption and SG&A discipline rather than a wholesale change in product economics.

In FY2025, operating cash flow of $333.3M exceeded net income of $244M, so reported profit was backed by cash rather than just accruals. Yet free cash flow eased as capital spending climbed to $92.1M, which says the larger platform now needs more reinvestment to sustain itself.

The balance sheet strengthened even during a heavy investment year: cash rose to $364M while long-term debt fell to $496.7M. With a current ratio of 2.5x and debt-to-equity down to 0.2x, growth is being carried with less balance-sheet strain than in FY2023-FY2024.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 71 / 100
Financial Health Score 71/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of SPX TECHNOLOGIES INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
73

SPX TECHNOLOGIES INC has an operating margin of 15.5%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 73/100, reflecting efficient cost management and pricing power. This is up from 15.5% the prior year.

Growth
73

SPX TECHNOLOGIES INC's revenue grew 14.2% year-over-year to $2.3B, a solid pace of expansion. This earns a growth score of 73/100.

Leverage
70

SPX TECHNOLOGIES INC carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
69

With a current ratio of 2.48, SPX TECHNOLOGIES INC holds $2.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Cash Flow
70

SPX TECHNOLOGIES INC converts 10.7% of revenue into free cash flow ($241.2M). This strong cash generation earns a score of 70/100.

Returns
68

SPX TECHNOLOGIES INC earns a strong 10.9% return on equity (ROE), meaning it generates $11 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is down from 14.5% the prior year.

Altman Z-Score Safe
6.15

SPX TECHNOLOGIES INC scores 6.15, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.9B) relative to total liabilities ($1.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

SPX TECHNOLOGIES INC passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.37x

For every $1 of reported earnings, SPX TECHNOLOGIES INC generates $1.37 in operating cash flow ($333.3M OCF vs $244.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
7.3x

SPX TECHNOLOGIES INC earns $7.3 in operating income for every $1 of interest expense ($350.4M vs $48.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$2.3B
YoY+14.2%
5Y CAGR+15.0%
10Y CAGR+3.8%

SPX TECHNOLOGIES INC generated $2.3B in revenue in fiscal year 2025. This represents an increase of 14.2% from the prior year.

EBITDA
$473.0M
YoY+18.3%
5Y CAGR+29.7%

SPX TECHNOLOGIES INC's EBITDA was $473.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.3% from the prior year.

Net Income
$244.0M
YoY+21.7%
5Y CAGR+19.8%

SPX TECHNOLOGIES INC reported $244.0M in net income in fiscal year 2025. This represents an increase of 21.7% from the prior year.

EPS (Diluted)
$5.03
YoY+18.1%
5Y CAGR+18.4%

SPX TECHNOLOGIES INC earned $5.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$241.2M
YoY-2.7%
5Y CAGR+16.8%

SPX TECHNOLOGIES INC generated $241.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 2.7% from the prior year.

Cash & Debt
$364.0M
YoY+132.0%
5Y CAGR+41.6%
10Y CAGR+14.1%

SPX TECHNOLOGIES INC held $364.0M in cash against $496.7M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
50M
YoY+7.5%
5Y CAGR+2.1%
10Y CAGR+1.9%

SPX TECHNOLOGIES INC had 50M shares outstanding in fiscal year 2025. This represents an increase of 7.5% from the prior year.

Margins & Returns

Gross Margin
40.5%
YoY+0.2pp
5Y CAGR+5.4pp
10Y CAGR+22.8pp

SPX TECHNOLOGIES INC's gross margin was 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
15.5%
YoY-0.1pp
5Y CAGR+6.9pp
10Y CAGR+23.3pp

SPX TECHNOLOGIES INC's operating margin was 15.5% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.

Net Margin
10.8%
YoY+0.7pp
5Y CAGR+2.0pp
10Y CAGR+16.1pp

SPX TECHNOLOGIES INC's net profit margin was 10.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.

Return on Equity
10.9%
YoY-3.6pp
5Y CAGR-4.6pp
10Y CAGR+34.9pp

SPX TECHNOLOGIES INC's ROE was 10.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$54.0M
YoY+17.6%
5Y CAGR+14.0%
10Y CAGR+6.6%

SPX TECHNOLOGIES INC invested $54.0M in research and development in fiscal year 2025. This represents an increase of 17.6% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$92.1M
YoY+142.4%
5Y CAGR+43.2%
10Y CAGR+19.1%

SPX TECHNOLOGIES INC invested $92.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 142.4% from the prior year.

SPXC Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $566.8M-11.1% $637.3M+7.5% $592.8M+7.3% $552.4M+14.5% $482.6M-9.6% $533.7M+10.3% $483.7M-3.5% $501.3M
Cost of Revenue $336.2M-12.4% $383.9M+8.7% $353.3M+9.2% $323.5M+12.8% $286.7M-9.2% $315.6M+10.3% $286.1M-4.8% $300.5M
Gross Profit $230.6M-9.0% $253.4M+5.8% $239.5M+4.6% $228.9M+16.8% $195.9M-10.2% $218.1M+10.4% $197.6M-1.6% $200.8M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $119.4M-10.4% $133.2M+13.2% $117.7M+0.4% $117.2M+7.0% $109.5M+0.6% $108.9M+7.2% $101.6M+0.4% $101.2M
Operating Income $87.7M-12.4% $100.1M+3.1% $97.1M+12.1% $86.6M+30.0% $66.6M-26.2% $90.2M+14.3% $78.9M+5.8% $74.6M
Interest Expense $8.4M+2.4% $8.2M-31.7% $12.0M-23.1% $15.6M+26.8% $12.3M+11.8% $11.0M-9.1% $12.1M-5.5% $12.8M
Income Tax $13.0M-51.1% $26.6M+44.6% $18.4M+5.7% $17.4M+180.6% $6.2M-71.0% $21.4M+41.7% $15.1M-0.7% $15.2M
Net Income $59.9M-23.1% $77.9M+24.2% $62.7M+20.1% $52.2M+2.0% $51.2M-10.3% $57.1M+13.7% $50.2M+13.6% $44.2M
EPS (Diluted) $1.19 N/A $1.28+16.4% $1.10+0.9% $1.09 N/A $1.06+12.8% $0.94

SPXC Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $3.9B+7.6% $3.6B+4.6% $3.4B+4.2% $3.3B+5.4% $3.1B+15.6% $2.7B-3.3% $2.8B+0.8% $2.8B
Current Assets $1.0B-11.4% $1.1B+7.5% $1.1B+15.6% $920.6M+1.5% $906.8M+15.6% $784.3M-5.2% $827.6M+2.3% $808.7M
Cash & Equivalents $156.5M-57.0% $364.0M+58.7% $229.4M+72.7% $132.8M-25.3% $177.8M+13.3% $156.9M+25.7% $124.8M-2.6% $128.1M
Inventory $342.4M+13.3% $302.2M-8.8% $331.3M+2.9% $321.9M+4.5% $308.1M+13.7% $271.0M-9.0% $297.7M+1.7% $292.7M
Accounts Receivable $391.5M+9.6% $357.2M-7.5% $386.0M+6.1% $363.8M+13.8% $319.6M+1.9% $313.6M-7.6% $339.4M+4.1% $325.9M
Goodwill $1.2B+19.4% $1.0B+0.7% $1.0B-0.5% $1.0B+9.6% $950.0M+13.8% $834.5M-2.3% $854.3M+1.1% $845.0M
Total Liabilities $1.6B+16.6% $1.4B+5.4% $1.3B-26.8% $1.8B+4.7% $1.7B+27.4% $1.3B-8.1% $1.4B-3.4% $1.5B
Current Liabilities $481.2M+4.4% $461.1M+7.0% $430.9M-7.9% $468.0M-3.1% $482.9M+15.4% $418.3M-6.3% $446.3M-29.5% $633.3M
Long-Term Debt $643.7M+29.6% $496.7M-0.6% $499.8M-47.4% $950.3M+9.0% $872.0M+51.1% $577.0M-13.3% $665.2M+30.5% $509.9M
Total Equity $2.3B+2.1% $2.2B+4.2% $2.1B+40.1% $1.5B+6.2% $1.4B+4.3% $1.4B+1.9% $1.4B+5.8% $1.3B
Retained Earnings $542.7M+12.4% $482.8M+19.2% $404.9M+18.3% $342.2M+18.0% $290.0M+21.4% $238.8M+31.4% $181.7M+38.2% $131.5M

SPXC Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $30.6M-84.3% $195.2M+83.3% $106.5M+150.6% $42.5M+489.9% -$10.9M-106.5% $166.5M+223.9% $51.4M-10.6% $57.5M
Capital Expenditures $18.5M-73.0% $68.5M+558.7% $10.4M+35.1% $7.7M+40.0% $5.5M-43.9% $9.8M+24.1% $7.9M-24.0% $10.4M
Free Cash Flow $12.1M-90.4% $126.7M+31.8% $96.1M+176.1% $34.8M+312.2% -$16.4M-110.5% $156.7M+260.2% $43.5M-7.6% $47.1M
Investing Cash Flow -$395.8M-540.5% -$61.8M-49.3% -$41.4M+72.6% -$151.2M+50.7% -$306.6M-4158.3% -$7.2M-24.1% -$5.8M-117.9% $32.4M
Financing Cash Flow $157.6M+17411.1% $900K-96.9% $29.3M-50.8% $59.6M-82.2% $335.7M+371.2% -$123.8M-131.0% -$53.6M+13.8% -$62.2M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SPXC Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 40.7%+0.9pp 39.8%-0.6pp 40.4%-1.0pp 41.4%+0.9pp 40.6%-0.3pp 40.9%+0.0pp 40.8%+0.8pp 40.1%
Operating Margin 15.5%-0.2pp 15.7%-0.7pp 16.4%+0.7pp 15.7%+1.9pp 13.8%-3.1pp 16.9%+0.6pp 16.3%+1.4pp 14.9%
Net Margin 10.6%-1.7pp 12.2%+1.6pp 10.6%+1.1pp 9.4%-1.2pp 10.6%-0.1pp 10.7%+0.3pp 10.4%+1.6pp 8.8%
Return on Equity 2.6%-0.9pp 3.5%+0.6pp 2.9%-0.5pp 3.4%-0.1pp 3.5%-0.6pp 4.1%+0.4pp 3.7%+0.3pp 3.4%
Return on Assets 1.5%-0.6pp 2.2%+0.3pp 1.8%+0.2pp 1.6%-0.0pp 1.6%-0.5pp 2.1%+0.3pp 1.8%+0.2pp 1.6%
Current Ratio 2.11-0.4 2.48+0.0 2.47+0.5 1.97+0.1 1.880.0 1.88+0.0 1.85+0.6 1.28
Debt-to-Equity 0.28+0.1 0.22-0.0 0.23-0.4 0.62+0.0 0.60+0.2 0.42-0.1 0.49+0.1 0.40
FCF Margin 2.1%-17.8pp 19.9%+3.7pp 16.2%+9.9pp 6.3%+9.7pp -3.4%-32.8pp 29.4%+20.4pp 9.0%-0.4pp 9.4%

Similar Companies

Frequently Asked Questions

SPX TECHNOLOGIES INC (SPXC) reported $2.3B in total revenue for fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

SPX TECHNOLOGIES INC (SPXC) revenue grew by 14.2% year-over-year, from $2.0B to $2.3B in fiscal year 2025.

Yes, SPX TECHNOLOGIES INC (SPXC) reported a net income of $244.0M in fiscal year 2025, with a net profit margin of 10.8%.

SPX TECHNOLOGIES INC (SPXC) reported diluted earnings per share of $5.03 for fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SPX TECHNOLOGIES INC (SPXC) had EBITDA of $473.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, SPX TECHNOLOGIES INC (SPXC) had $364.0M in cash and equivalents against $496.7M in long-term debt.

SPX TECHNOLOGIES INC (SPXC) had a gross margin of 40.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

SPX TECHNOLOGIES INC (SPXC) had an operating margin of 15.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

SPX TECHNOLOGIES INC (SPXC) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

SPX TECHNOLOGIES INC (SPXC) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

SPX TECHNOLOGIES INC (SPXC) generated $241.2M in free cash flow during fiscal year 2025. This represents a -2.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

SPX TECHNOLOGIES INC (SPXC) generated $333.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

SPX TECHNOLOGIES INC (SPXC) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.

SPX TECHNOLOGIES INC (SPXC) invested $92.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

SPX TECHNOLOGIES INC (SPXC) invested $54.0M in research and development during fiscal year 2025.

SPX TECHNOLOGIES INC (SPXC) had 50M shares outstanding as of fiscal year 2025.

SPX TECHNOLOGIES INC (SPXC) had a current ratio of 2.48 as of fiscal year 2025, which is generally considered healthy.

SPX TECHNOLOGIES INC (SPXC) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

SPX TECHNOLOGIES INC (SPXC) had a return on assets of 6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

SPX TECHNOLOGIES INC (SPXC) has an Altman Z-Score of 6.15, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

SPX TECHNOLOGIES INC (SPXC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

SPX TECHNOLOGIES INC (SPXC) has an earnings quality ratio of 1.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

SPX TECHNOLOGIES INC (SPXC) has an interest coverage ratio of 7.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

SPX TECHNOLOGIES INC (SPXC) scores 71 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

Back to top