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SPX Technologies SPXC Operating margin

Operating margin at other companies

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18.2%0.0pp
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17.6%-0.3pp
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8.2%-4.7pp
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10.4%-5.2pp
WSO
WatscoWSO
9.9%-0.2pp
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Lennox InternationalLII
19.7%+0.3pp

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
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 operating margin?
SPX Technologies (SPXC) reported operating margin of 15.8% in Q1 2026.
How has SPX Technologies's operating margin changed year-over-year?
SPX Technologies's operating margin increased by 2.0% year-over-year, from 15.5% to 15.8%.
What is the long-term trend for SPX Technologies's operating margin?
Over 4 years (2020 to 2025), SPX Technologies's operating margin has grown at a 11.5% compound annual growth rate (CAGR), from 10% to 15.5%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.