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SPX Technologies SPXC HVAC reportable segment — Goodwill resulting from business combinations

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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:GoodwillAcquiredDuringPeriod.

The source filing: SPX Technologies’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000088205-26-000008
Line itemDecember 31,2024Goodwill Resultingfrom Business Combinations (1)ImpairmentsForeign Currency TranslationDecember 31,2025
HVAC reportable segment
Gross goodwill$907.3$81.6$24.8$1,013.7
Accumulated impairments(326.6)(10.3)(336.9)
Goodwill580.781.614.5676.8
Detection and Measurement reportable segment
Gross goodwill426.6104.411.4542.4
Accumulated impairments(172.8)(3.0)(175.8)
Goodwill253.8104.48.4366.6

ITEM 8. Financial Statements And Supplementary Data

FAQ

What is SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations?
SPX Technologies (SPXC) reported HVAC reportable segment — goodwill resulting from business combinations of $20.4M in Q4 2025.
How has SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations changed year-over-year?
SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations decreased by 44.9% year-over-year, from $37M to $20.4M.
What is the long-term trend for SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations?
Over 2 years (2023 to 2025), SPX Technologies's HVAC reportable segment — goodwill resulting from business combinations has grown at a -42.0% compound annual growth rate (CAGR), from $242.4M to $81.6M.
What does HVAC reportable segment — goodwill resulting from business combinations mean?
The specific amount of goodwill added to the HVAC segment's balance sheet during the period as a result of new business acquisitions. This tracks the segment's recent inorganic growth activity.

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