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SPX Technologies SPXC Contract Assets

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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$10.8B+15.2%
Enterprise value$11.34B+10.1%
P/E42.8×-1.7×
P/S4.6×0.0×

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:ContractWithCustomerAssetNetCurrent.

The source filing: SPX Technologies’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:58 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000088205-26-000032
Line itemMarch 28,2026December 31,2025
Current assets:
Cash and equivalents$156.5$364.0
Accounts receivable, net391.5357.2
Contract assets78.965.0
Inventories, net342.4302.2
Other current assets43.755.3
Total current assets1,013.01,143.7
Property, plant and equipment:

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's contract assets?
SPX Technologies (SPXC) reported contract assets of $78.9M in Q1 2026.
How has SPX Technologies's contract assets changed year-over-year?
SPX Technologies's contract assets increased by 110.4% year-over-year, from $37.5M to $78.9M.
What is the long-term trend for SPX Technologies's contract assets?
Over 5 years (2020 to 2025), SPX Technologies's contract assets has grown at a 14.9% compound annual growth rate (CAGR), from $32.5M to $65M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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