(All currency and share, except per share, amounts are in millions) Forward-Looking Information Some of the statements in this document and any documents incorporated by reference, including any statements as to operational and financial projections, constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our businesses’ or our industries’ actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Package and process cooling equipment and services, and engineered air movement | — | — | $683M | $884M | $933M | 29% |
Operating Segments | — | $537M | $683M | $884M | $933M | 29% |
Hydronic heating, electrical heating, and ventilation | — | — | $439M | $481M | $585M | 18% |
Communication technologies, aids to navigation, and transportation systems | $211M | $285M | $355M | $358M | $491M | 15% |
Underground locators, inspection and rehabilitation equipment, and robotic systems | $257M | $262M | $264M | $261M | $256M | 8% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.3B | 2.0B | 1.7B | 1.5B | 1.2B |
| Net Income | 244M | 244M | 201M | 90M | 200K | 425M |
| EPS | $5.03 | $5.03 | $4.26 | $1.93 | $0.00 | $9.15 |
| Free Cash Flow | 241M | 241M | 248M | 185M | -153M | 165M |
| ROIC | 11.2% | 12.8% | 13.7% | 12.0% | 3.4% | 37.4% |
| Gross Margin | 40.5% | 40.5% | 40.3% | 38.5% | 35.9% | 35.4% |
| Debt/Equity | 0.26 | 0.26 | 0.48 | 0.50 | 0.27 | 0.26 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 350M | 350M | 308M | 222M | 51M | 74M |
| Operating Margin | 15.5% | 15.5% | 15.5% | 12.7% | 3.5% | 6.0% |
| ROE | 10.9% | 13.5% | 15.5% | 7.9% | 0.0% | 48.8% |
| Shares Outstanding | 49M | 49M | 47M | 47M | 45M | 46M |
SPX Technologies, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
SPX Technologies, Inc. trades at 44.7x trailing earnings, compared to its 15-year median P/E of 28.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 46.5x vs a median of 24.0x. The company's 5-year average ROIC is 15.8% with a gross margin of 38.1%. At current prices, the estimated annualized return to fair value is +10.3%.
SPX Technologies, Inc. (SPXC) has a current P/E ratio of 44.7, compared to its historical median P/E of 28.5. The stock is currently considered Expensive based on its historical valuation range.
SPX Technologies, Inc. (SPXC) has a 5-year average return on invested capital (ROIC) of 15.8%. This indicates strong capital allocation and a potential competitive advantage.
SPX Technologies, Inc. (SPXC) has a market capitalization of $10.9B. It is classified as a large-cap stock.
SPX Technologies, Inc. (SPXC) does not currently pay a regular dividend.
Based on historical P/E analysis, SPX Technologies, Inc. (SPXC) appears expensive. The current P/E of 44.7 is 57% above its historical median of 28.5. The estimated fair value CAGR (P/E method) is 8.0%.
SPX Technologies, Inc. (SPXC) operates in the Metalworkg Machinery & Equipment industry, within the Industrials sector.
SPX Technologies, Inc. (SPXC) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
SPX Technologies, Inc. (SPXC) has a net profit margin of 10.8%. This is a healthy margin.
SPX Technologies, Inc. (SPXC) generated $241 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SPX Technologies, Inc. (SPXC) has a debt-to-equity ratio of 0.26. This indicates a conservatively financed balance sheet.
SPX Technologies, Inc. (SPXC) reported earnings per share (EPS) of $5.03 in its most recent fiscal year.
SPX Technologies, Inc. (SPXC) has a return on equity (ROE) of 13.5%. This indicates moderate shareholder returns.
SPX Technologies, Inc. (SPXC) has a 5-year average gross margin of 38.1%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for SPX Technologies, Inc. (SPXC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SPX Technologies, Inc. (SPXC) has a book value per share of $46.13, based on its most recent annual SEC filing.