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Change in AP at other companies

Trane Technologies logo
Trane TechnologiesTT
-$650K-103%
Fortive logo
FortiveFTV
-$19.8M-481%
Carrier Global logo
Carrier GlobalCARR
$351M-27.0%
Aaon logo
AaonAAON
$50.38M+133%
WSO
WatscoWSO
$234.71M+2,541%
Lennox International logo
Lennox InternationalLII
$31M-63.6%

Other financials

Income statement

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Revenue$566.8M+17.4%
Gross profit$230.6M+17.7%
Operating income$87.7M+31.7%
Net income$59.9M+17.0%
EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$158.3M-13.1%
Total debt$697.6M-31.7%
Total equity$2.3B+58.3%
Total assets$3.9B+23.6%

Cash flow

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Operating cash flow$30.6M+381%
CapEx$18.5M+236%
Free cash flow$12.1M+174%

Valuation

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Market cap$12.16B+67.0%
Enterprise value$12.7B+54.3%
P/E48.1×+12.2×
P/S5.2×+1.5×

Profitability

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Gross margin40.5%-0.1pp
Operating margin15.8%+0.3pp
Net margin10.8%+0.6pp
FCF margin11.5%-0.1pp

Returns & leverage

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Return on equity13.6%-1.6pp
Debt / equity0.3×-0.4×
Current ratio2.1×+0.2×

Where this comes from

Reported directly by SPX Technologies in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: SPX Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPX Technologies's change in AP?
SPX Technologies (SPXC) reported change in AP of -$29.7M in Q1 2026.
How has SPX Technologies's change in AP changed year-over-year?
SPX Technologies's change in AP decreased by 175.0% year-over-year, from -$10.8M to -$29.7M.
What does change in AP mean?
The change in cash the company owes to its suppliers.
How do you interpret change in AP?
An increase allows the company to retain cash longer, effectively using suppliers as a source of interest-free financing, while a decrease indicates faster payment cycles.
How does change in AP compare across companies?
Standard across all sectors; compared using Days Payable Outstanding (DPO) relative to industry norms.