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SPX Technologies SPXC Interest coverage

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17.5×+2.1×
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6.2×+1.0×
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20.8×-10.7×
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142.5×-213×
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6.5×-3.6×
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143.3×+25.8×

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

Calculated from SPX Technologies’s reported figures.

Based on trailing twelve months.

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 interest coverage?
SPX Technologies (SPXC) reported interest coverage of 8.4× in Q1 2026.
How has SPX Technologies's interest coverage changed year-over-year?
SPX Technologies's interest coverage increased by 30.6% year-over-year, from 6.4× to 8.4×.
What is the long-term trend for SPX Technologies's interest coverage?
Over 4 years (2020 to 2025), SPX Technologies's interest coverage has grown at a 4.3% compound annual growth rate (CAGR), from 6.1× to 7.3×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.