SPX Technologies, Inc. (SPXC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.85	$2.02	+9.2%	—	—	—
Q3 26	$1.56	$1.69	+8.3%	—	—	—
Q2 26	$1.36	$1.52	+11.8%	—	—	—
Q1 26	$1.45	$1.65	+13.8%	—	—	—
Q4 25	$1.17	$1.38	+17.9%	—	—	—
Q3 25	$1.51	$1.51	0.0%	—	—	—
Q2 25	$1.36	$1.39	+2.2%	—	—	—
Q1 25	$1.25	$1.42	+13.6%	—	—	—
Q4 24	$1.03	$1.25	+21.4%	—	—	—
Q3 24	$1.26	$1.25	-0.8%	—	—	—
Q2 24	$0.97	$1.06	+9.3%	—	—	—
Q1 24	$0.83	$1.06	+27.7%	—	—	—
Q4 23	$0.6	$0.93	+55.0%	—	—	—
Q3 23	$0.98	$1.17	+19.4%	—	—	—
Q2 23	$0.66	$0.81	+22.7%	—	—	—
Q1 23	$0.61	$0.71	+16.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.1	—	—	$2.3B	—
FY24	—	$4.34	—	—	$2B	—
FY23	—	$1.97	—	—	$1.7B	—
FY22	—	$0.01	—	—	$1.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.5B	$1.4B	$1.5B	$1.1B	$1.1B	$1.2B	$1.5B	$1.7B	$2B	$2.3B
YoY change	-5.56%	-3.16%	+6.09%	-25.7%	+0.4%	+8.1%	+19.8%	+19.2%	+13.9%	+14.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.5B	1.4B	1.5B	1.1B	1.1B	1.2B	1.5B	1.7B	2B	2.3B
Cost of revenue	1.1B	1.1B	1.1B	721.6M	732.6M	787.7M	937M	1.1B	1.2B	1.3B
Gross profit	375.8M	330.2M	410M	402M	395.5M	431.8M	523.9M	670M	799.4M	917.7M
Gross margin	25.5%	23.2%	27.1%	35.8%	35.1%	35.4%	35.9%	38.5%	40.3%	40.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	286M	277.2M	289.1M	275.8M	272.5M	309.6M	355.7M	394.4M	414.6M	477.6M
Operating expenses	286M	277.2M	289.1M	277.6M	281.5M	305.5M	430.6M	403.4M	423M	478.1M
Operating income	87M	52.4M	116.8M	115.5M	100M	104.7M	64.8M	222.7M	311.9M	352.2M
Operating margin	5.91%	3.68%	7.72%	10.3%	8.86%	8.59%	4.44%	12.8%	15.7%	15.5%
Non-operating income, net	-33.6M	-500K	-12.3M	-7.3M	-3.2M	-22.2M	-30.1M	-10.9M	-12.9M	5.2M
Pretax income	39.4M	36.1M	84.5M	88.8M	78.6M	69.9M	27.1M	186.3M	255.4M	314.1M
Income tax	9.1M	-47.9M	2.6M	12.5M	4.8M	10.9M	7.3M	41.6M	53.6M	68.6M
Net income	-67.6M	89.3M	81.2M	65.3M	99M	425.4M	200K	89.9M	200.5M	244M
Net margin	-4.59%	6.26%	5.37%	5.81%	8.78%	34.9%	0.01%	5.16%	10.1%	10.8%
EBITDA	99M	71.8M	138.6M	136.3M	132M	156.5M	97.7M	277.5M	396.3M	488.1M
EPS	-2.05	2.11	1.89	1.61	2.18	9.39	0.01	1.97	4.34	5.1
Diluted EPS	-2.05	2.03	1.82	1.58	2.12	9.15	0	1.93	4.26	5.03

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	448.7M	469.4M	465.2M	501.3M	483.7M	533.7M	482.6M	552.4M	592.8M	637.3M	566.8M	679M
Cost of revenue	280.1M	281.5M	282.3M	300.5M	286.1M	315.6M	286.7M	323.5M	353.3M	383.9M	336.2M	406.2M
Gross profit	168.6M	187.9M	182.9M	200.8M	197.6M	218.1M	195.9M	228.9M	239.5M	253.4M	230.6M	272.8M
Gross margin	37.6%	40%	39.3%	40.1%	40.9%	40.9%	40.6%	41.4%	40.4%	39.8%	40.7%	40.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	96.3M	103.5M	102.9M	101.2M	101.6M	108.9M	109.5M	117.2M	117.7M	133.2M	119.4M	129.9M
Operating expenses	96.3M	103.5M	102.9M	109.6M	101.6M	108.9M	109.5M	117.7M	117.7M	133.2M	119.4M	129.9M
Operating income	57.7M	63.9M	65.2M	74.4M	79.4M	92.9M	66.7M	86.6M	97.2M	101.7M	87.9M	116.6M
Operating margin	12.9%	13.6%	14%	14.8%	16.4%	17.4%	13.8%	15.7%	16.4%	16%	15.5%	17.2%
Non-operating income, net	-200K	-13.2M	-4.6M	-1.5M	-1.9M	-4.9M	2.6M	-2.1M	-4.8M	9.5M	-3.2M	-6.7M
Pretax income	48.1M	41.7M	51.1M	60.4M	66M	77.9M	57.9M	69.9M	81.5M	104.8M	77.4M	102.2M
Income tax	12.4M	10.1M	1.9M	15.2M	15.1M	21.4M	6.2M	17.4M	18.4M	26.6M	13M	22.9M
Net income	-20.4M	31.5M	49M	44.2M	50.2M	57.1M	51.2M	52.2M	62.7M	77.9M	59.9M	78.4M
Net margin	-4.55%	6.71%	10.5%	8.82%	10.4%	10.7%	10.6%	9.45%	10.6%	12.2%	10.6%	11.5%
EBITDA	78M	68.5M	82.5M	96.4M	102.1M	115.3M	97.3M	118M	127.5M	145.3M	118.1M	148.3M
EPS	-0.45	0.69	1.05	0.96	1.08	1.23	1.1	1.12	1.3	1.56	1.2	1.57
Diluted EPS	-0.45	0.67	1.05	0.94	1.06	1.2	1.09	1.1	1.28	1.54	1.19	1.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	987M	1.3B	1.2B	2.2B	2.4B	2.7B	3B	4.6B	6.7B	9.6B	8.5B
Enterprise value	1.2B	1.6B	1.5B	2.6B	2.8B	2.6B	3.1B	5.1B	7.2B	9.7B	9.1B
Shares outstanding	41.6M	42.4M	43.1M	43.9M	44.6M	45.3M	45.3M	45.5M	46.2M	47.8M	47.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	14.9	14.9	34.2	24.6	6.35	14.9K	51.2	33.5	39.2	30.3
P/S	0.67	0.93	0.8	1.99	2.16	2.22	2.04	2.64	3.39	4.22	3.48
P/B	5.15	4.23	2.91	4.45	3.8	2.45	2.76	3.85	4.85	4.28	3.67
EV/EBITDA	12.6	21.8	11	18.9	21.1	16.4	31.5	18.2	18.1	19.9	17.4
EV/Sales	0.84	1.1	1	2.29	2.47	2.1	2.11	2.91	3.62	4.29	3.68
Earnings yield	—	6.71%	6.73%	2.92%	4.07%	15.7%	0.01%	1.95%	2.98%	2.55%	3.3%
FCF yield	-1.31%	2.7%	8.14%	6.04%	4.56%	6.1%	-5.13%	4.01%	3.69%	2.52%	2.75%
PEG	—	—	—	—	—	—	—	—	—	—	0.75

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.5%	23.2%	27.1%	35.8%	35.1%	35.4%	35.9%	38.5%	40.3%	40.5%	40.2%
Operating margin	5.91%	3.68%	7.72%	10.3%	8.86%	8.59%	4.44%	12.8%	15.7%	15.5%	17.7%
Net margin	-4.59%	6.26%	5.37%	5.81%	8.78%	34.9%	0.01%	5.16%	10.1%	10.8%	11.3%
ROE	-35.3%	28.4%	19.6%	13%	15.5%	38.6%	0.02%	7.53%	14.5%	10.9%	14.7%
ROA	-3.53%	4.38%	3.95%	3.06%	4.24%	16.2%	0.01%	3.68%	7.39%	6.77%	6.75%
ROIC	14.9%	9.58%	15.6%	11.8%	9.5%	9.2%	4.02%	10.5%	13.4%	11.6%	11.2%
Return on tangible assets	-6.79%	8.02%	9.31%	8.91%	10%	48.2%	0.09%	-27.1%	-55.6%	-111.6%	-49.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.11	1.37	1.27	1.04	1.18	2.06	2.16	1.77	1.87	2.48	1.82
Quick ratio	0.8	1.06	1	0.78	0.91	1.62	1.43	1.08	1.23	1.82	1.21
Debt / equity	1.86	1.13	0.92	0.78	0.64	0.22	0.23	0.47	0.44	0.22	0.26
Debt / assets	0.19	0.17	0.19	0.18	0.18	0.09	0.13	0.23	0.23	0.14	0.16
Net debt / EBITDA	2.59	3.24	2.26	2.49	2.64	-0.91	1.01	1.65	1.16	0.28	0.83
Interest coverage	3.66	3.11	4.93	5.23	5.27	6.34	3.91	7.85	6.59	7.53	10.8
Effective tax rate	23.1%	0%	3.08%	14.1%	6.11%	15.6%	26.9%	22.3%	21%	21.8%	22.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	35.4	33.6	35.1	25.6	25.3	26.9	32.2	38.2	43	47.4	50
EPS (basic)	-2.05	2.11	1.89	1.61	2.18	9.39	0.01	1.97	4.34	5.1	5.1
EPS (diluted)	-2.05	2.03	1.82	1.58	2.12	9.15	0	1.93	4.26	5.03	5.68
Book value per share	4.6	7.42	9.64	11.4	14.3	24.4	23.8	26.2	30	46.8	46.9
FCF per share	-0.31	0.85	2.28	3.07	2.49	3.64	-3.37	4.05	5.37	5.04	5.99
Cash per share	2.39	2.93	1.6	1.24	1.43	8.57	3.26	2.18	3.4	7.61	3.32
Capex per share	—	—	—	—	—	—	—	—	—	1.93	2.34

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	4.07%	4.79%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	27.6%	28.1%
Payout ratio	0%	—	—	—	—	—	—	—	—	—	0%
Dividend yield	0%	—	—	—	—	—	—	—	—	—	0.22%

Yield

0.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.0944

ex-dividend Jun 12, 2015

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
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

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$448.7M	$469.4M	$465.2M	$501.3M	$483.7M	$533.7M	$482.6M	$552.4M	$592.8M	$637.3M	$566.8M	$679M
YoY change	+21.1%	+9.34%	+16.4%	+18.4%	+7.8%	+13.7%	+3.74%	+10.2%	+22.6%	+19.4%	+17.4%	+22.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	99.6M	124.3M	68.8M	54.6M	64M	388.2M	147.8M	99.4M	156.9M	364M
Receivables	251.7M	267.5M	269.1M	264.8M	210.8M	223.4M	263.5M	279.8M	313.6M	357.2M
Inventory	145.7M	143M	128.8M	154.9M	155M	189.8M	244M	276.7M	271M	302.2M
Total current assets	527.6M	632.5M	598.4M	632.1M	675.1M	903.4M	721.1M	709.6M	784.3M	1.1B
Property, plant & equipment	78.2M	66.1M	59M	57.2M	47.6M	50.4M	46.2M	67.1M	104.7M	122.9M
Goodwill & intangibles	916.6M	927M	1.2B	1.4B	1.3B	1.7B	1.7B	2.8B	3.1B	3.8B
Total assets	1.9B	2B	2.1B	2.1B	2.3B	2.6B	1.9B	2.4B	2.7B	3.6B
Accounts payable	137.6M	159.7M	153.6M	141.2M	102.1M	119.6M	124.5M	118.7M	128.1M	145.2M
Short-term debt	32.7M	7.5M	49.9M	143.6M	108.4M	15.2M	3.8M	35.2M	37.7M	4.9M
Total current liabilities	476.3M	461M	470.2M	608.6M	572.1M	439.5M	333.8M	401.2M	418.3M	461.1M
Long-term debt	323.5M	349.3M	331.9M	249.9M	304M	230.8M	243M	523.1M	577M	496.7M
Total liabilities	1.7B	1.7B	1.6B	1.6B	1.7B	1.5B	851.7M	1.2B	1.3B	1.4B
Shareholders' equity	191.6M	314.7M	414.9M	502.4M	640.1M	1.1B	1.1B	1.2B	1.4B	2.2B
Total debt	356.2M	356.8M	381.8M	393.5M	412.4M	246M	246.8M	558.3M	614.7M	501.6M
Net debt	256.6M	232.5M	313M	338.9M	348.4M	-142.2M	99M	458.9M	457.8M	137.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	100.9M	99.4M	100.5M	128.1M	124.8M	156.9M	177.8M	132.8M	229.4M	364M	156.5M	166.4M
Receivables	304.7M	279.8M	317.6M	325.9M	339.4M	313.6M	319.6M	363.8M	386M	357.2M	391.5M	442.4M
Inventory	291.5M	276.7M	295.1M	292.7M	297.7M	271M	308.1M	321.9M	331.3M	302.2M	342.4M	374M
Total current assets	768.6M	709.6M	779.6M	808.7M	827.6M	784.3M	906.8M	920.6M	1.1B	1.1B	1B	1.1B
Property, plant & equipment	61.9M	67.1M	98.5M	99.3M	102.4M	104.7M	109.8M	110M	108.7M	122.9M	138.2M	150.4M
Goodwill & intangibles	2.7B	2.8B	3.2B	3.2B	3.2B	3.1B	3.6B	3.9B	3.8B	3.8B	4.6B	4.5B
Total assets	2.5B	2.4B	2.8B	2.8B	2.8B	2.7B	3.1B	3.3B	3.4B	3.6B	3.9B	3.9B
Accounts payable	131.7M	118.7M	151.4M	128.2M	139.4M	128.1M	149M	140.3M	157.6M	145.2M	164.6M	194.6M
Short-term debt	144.1M	35.2M	337.8M	280.4M	72.6M	37.7M	88.3M	69M	1.8M	4.9M	30.3M	84.2M
Total current liabilities	493.7M	401.2M	694.8M	633.3M	446.3M	418.3M	482.9M	468M	430.9M	461.1M	481.2M	604.1M
Long-term debt	529.8M	523.1M	516.6M	509.9M	665.2M	577M	872M	950.3M	499.8M	496.7M	643.7M	530.5M
Total liabilities	1.3B	1.2B	1.6B	1.5B	1.4B	1.3B	1.7B	1.8B	1.3B	1.4B	1.6B	1.6B
Shareholders' equity	1.1B	1.2B	1.2B	1.3B	1.4B	1.4B	1.4B	1.5B	2.1B	2.2B	2.3B	2.3B
Total debt	673.9M	558.3M	854.4M	790.3M	737.8M	614.7M	960.3M	1B	501.6M	501.6M	674M	614.7M
Net debt	573M	458.9M	753.9M	662.2M	613M	457.8M	782.5M	886.5M	272.2M	137.6M	517.5M	448.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	30.3M	84M	81.9M	76.3M	73.8M	59M	19.8M	144.7M	201.8M	245.5M
Depreciation & amortization	26.5M	25.2M	27.9M	24.4M	31.9M	42.3M	46.4M	63.2M	91.6M	122.6M
Stock-based compensation	13.7M	15.8M	15.5M	12.6M	13.1M	12.8M	10.9M	13.4M	15M	16.7M
Change in working capital	-68.1M	-70.7M	-31.6M	-28.6M	-22.6M	5M	-127.4M	34.5M	6.9M	-54.3M
Operating cash flow	8.8M	37.7M	97.4M	100.4M	102.4M	121.4M	-210M	225.4M	293.5M	333.3M
Capital expenditure	—	—	—	—	—	—	—	—	—	-92.1M
Investing cash flow	55.8M	400K	-176.6M	-141.4M	-104.6M	-296.4M	-36.3M	-546.3M	-246.5M	-561M
Dividends paid	0	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	-15.6M	0	0	-33.7M	0	0	—
Financing cash flow	-18.9M	-4.9M	16.8M	-571.1M	6.1M	-303.9M	-39.9M	309.6M	53.1M	425.5M
Net change in cash	45.7M	33.2M	-62.4M	-612.1M	3.9M	-478.9M	-286.2M	-11.3M	100.1M	197.8M
Free cash flow	-12.9M	35.9M	98.2M	135.1M	111M	165M	-152.7M	184.6M	247.9M	241.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	35.7M	31.6M	49.2M	45.2M	50.9M	56.5M	51.7M	52.5M	63.1M	78.2M	64.4M	79.3M
Depreciation & amortization	19.7M	16.8M	21M	23.4M	23.5M	23.7M	27M	32.5M	32.4M	30.7M	32.1M	35.7M
Stock-based compensation	3.4M	3.4M	3.3M	3.7M	4M	4M	3.7M	3.9M	4.2M	4.9M	3.7M	4.3M
Change in working capital	-2.3M	61.6M	-66.4M	-7.1M	-8.6M	89M	-50.9M	-53M	-20.3M	69.9M	-82.9M	-34.1M
Operating cash flow	42.9M	110M	2.3M	56M	74.1M	161.1M	-11.4M	42.5M	106.5M	195.2M	30.6M	89.6M
Capital expenditure	—	—	—	—	—	—	—	-7.7M	-10.4M	-68.5M	-18.5M	-21.1M
Investing cash flow	1.4M	-1.6M	-294M	42.8M	2.1M	2.6M	-301.1M	-151.2M	-41.4M	-61.8M	-455M	-20.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-1.1M	-115.5M	292.7M	-62.2M	-53.6M	-123.8M	335.7M	59.6M	-521.8M	900K	157.6M	-59.3M
Net change in cash	43.2M	-7.1M	1M	36.6M	22.6M	39.9M	23.2M	-49.1M	-456.7M	134.3M	-266.8M	9.4M
Free cash flow	6.6M	119.1M	600K	47.1M	43.5M	156.7M	-16.4M	34.8M	96.1M	126.7M	12.1M	68.5M

Date	Ratio
Sep 28, 2015	3971:1000
Oct 25, 2002	2:1
Jul 6, 1983	2:1

SPX Technologies, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history