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SPX Technologies SPXC Hydronic heating, electrical heating, and ventilation — Revenue

Other product segments

Package and process cooling equipment and services, and engineered air movement and handling solutions
$236M+18.5%
Communication technologies, aids to navigation, and transportation systems
$114.2M+11.0%
Underground locators, inspection and rehabilitation equipment, and robotic systems
$58.6M+3.4%

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LIICommercial Heating and Cooling — Revenue, Net
$485.1M+38.1%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 hydronic heating, electrical heating, and ventilation — revenue?
SPX Technologies (SPXC) reported hydronic heating, electrical heating, and ventilation — revenue of $158M in Q1 2026.
How has SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue changed year-over-year?
SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue increased by 27.5% year-over-year, from $123.9M to $158M.
What is the long-term trend for SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue?
Over 2 years (2023 to 2025), SPX Technologies's hydronic heating, electrical heating, and ventilation — revenue has grown at a 15.5% compound annual growth rate (CAGR), from $439.1M to $585.3M.
What does hydronic heating, electrical heating, and ventilation — revenue mean?
Total revenue generated from the sale of hydronic heating, electrical heating, and ventilation equipment.
How do you interpret hydronic heating, electrical heating, and ventilation — revenue?
An increase indicates growing market demand or successful product adoption for these specific heating and ventilation technologies, while a decrease may signal market saturation or increased competitive pressure.
How does hydronic heating, electrical heating, and ventilation — revenue compare across companies?
Comparable to revenue streams for specialized HVAC components or climate control product lines at industrial manufacturing peers.