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SPX Technologies SPXC Contract Liabilities

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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$10.76B+13.1%
Enterprise value$11.3B+8.3%
P/E42.6×-2.6×
P/S4.6×-0.1×

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:ContractWithCustomerLiabilityNoncurrent.

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
Contract BalancesMarch 28, 2026December 31, 2025Change
Contract Accounts Receivable(1)$381.8$346.9$34.9
Contract Assets78.965.013.9
Contract Liabilities - current(115.1)(115.8)0.7
Contract Liabilities - non-current(2)(8.0)(3.6)(4.4)
Net contract balance$337.6$292.5$45.1

ITEM 1. Financial Statements

FAQ

What is SPX Technologies's contract liabilities?
SPX Technologies (SPXC) reported contract liabilities of $8M in Q1 2026.
How has SPX Technologies's contract liabilities changed year-over-year?
SPX Technologies's contract liabilities increased by 77.8% year-over-year, from $4.5M to $8M.
What is the long-term trend for SPX Technologies's contract liabilities?
Over 5 years (2020 to 2025), SPX Technologies's contract liabilities has grown at a 1.1% compound annual growth rate (CAGR), from $3.4M to $3.6M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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