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SPX Technologies

SPXC

SPX Technologies is a global supplier of highly specialized, engineered solutions primarily serving the HVAC and detection and measurement markets.

Market cap
$8.38B-24.6%
Revenue$2.6B+20.2%
Net income$298.1M+33.6%
Free cash flow$226.6M-16.5%
EPS (diluted)$5.91+26.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$714.5M+20.5%
Gross profit$279.5M+16.7%
Operating income$115.3M+18.7%
Net income$81.9M+30.6%
EPS (diluted)$1.62+26.6%

Balance sheet

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Cash & equivalents$119.2M-48.5%
Total debt$1.3B+163%
Total equity$2.4B+13.8%
Total assets$4.9B+40.8%

Cash flow

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Operating cash flow$59.3M-44.3%
CapEx$40.0M+285%
Free cash flow$19.3M-79.9%

Valuation & ratios

Valuation

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Market cap$8.38B-24.6%
Enterprise value$9.58B-5.1%
P/E28.1×-15.9×
P/S3.2×-1.3×

Profitability

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Gross margin39.9%-0.9pp
Operating margin16.1%+0.3pp
Net margin11.5%+1.1pp
FCF margin8.7%-3.8pp

Returns & leverage

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Return on equity13%+0.2pp
Debt / equity0.5×+0.3×
Current ratio1.8×-0.6×

Segments

By product

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Package and process cooling equipment and services, and engineered air movement and handling solutions$338.4M+43.1%
Hydronic heating, electrical heating, and ventilation$186.6M+23.7%
Communication technologies, aids to navigation, and transportation systems$122.2M-13.9%
Underground locators, inspection and rehabilitation equipment, and robotic systems$67.3M+6.2%

By segment

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HVAC reportable segment$525.0M+35.5%
Detection and Measurement reportable segment$189.5M-7.7%

Competitors

Profile

SPX Technologies is a global supplier of highly specialized, engineered solutions primarily serving the HVAC and detection and measurement markets. The company provides infrastructure products and technologies designed to improve efficiency and reliability for industrial, commercial, and residential applications. Its value proposition centers on a portfolio of market-leading brands and technical innovation across 16 countries.

Competitive position

A leading provider of specialized infrastructure products with a strong portfolio of established brands and a significant global manufacturing footprint.

GeographiesNorth America, Europe, Asia, Africa
Customer segmentsCommercial, Industrial, Government and Defense, Residential
Business modelManufacturing, Engineering services, Aftermarket service and installation
SuppliersPetroleum-based product suppliers, Aluminum suppliers, Steel suppliers, Copper suppliers, Component sub-assembly outsourcers
CustomersIndependent manufacturing representatives, Third-party distributors, Retailers, Direct industrial and municipal end-users
Listed1985
Employees4.1K
CEOEugene Joseph Lowe
Websitespx.com
FilingsSEC EDGAR

FAQ

What is SPX Technologies's market cap?
SPX Technologies (SPXC) has a market capitalization of $8.4B and trades on NYSE.
What is SPX Technologies's revenue and profitability?
SPX Technologies generated $2.6B in trailing twelve-month revenue with net income of $298.1M, representing a net margin of 11.5%. Gross margin stands at 39.9%, with free cash flow of $226.6M. The latest reported period is Q3 2026.
Who are SPX Technologies's competitors?
SPX Technologies's key competitors include Carrier Global Corporation, Trane Technologies plc, Fortive Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does SPX Technologies have?
SPX Technologies's subsidiaries include T.A. Morrison & Co. Inc., ASPEQ Heating Group, Ingénia Technologies Inc., and others.
Where is SPX Technologies headquartered?
SPX Technologies is headquartered in United States of America and employs approximately 4,100 people. It has been publicly traded since 1985.