What is SPX Technologies's work in process?

SPX Technologies (SPXC) reported work in process of $36.6M in Q1 2026.

How has SPX Technologies's work in process changed year-over-year?

SPX Technologies's work in process increased by 13.7% year-over-year, from $32.2M to $36.6M.

What is the long-term trend for SPX Technologies's work in process?

Over 5 years (2020 to 2025), SPX Technologies's work in process has grown at a 9.7% compound annual growth rate (CAGR), from $21.3M to $33.9M.

SPX Technologies SPXC Work in process

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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$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:InventoryWorkInProcessNetOfReserves.

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 work in process?: SPX Technologies (SPXC) reported work in process of $36.6M in Q1 2026.
How has SPX Technologies's work in process changed year-over-year?: SPX Technologies's work in process increased by 13.7% year-over-year, from $32.2M to $36.6M.
What is the long-term trend for SPX Technologies's work in process?: Over 5 years (2020 to 2025), SPX Technologies's work in process has grown at a 9.7% compound annual growth rate (CAGR), from $21.3M to $33.9M.