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SPX Technologies (SPXC) Financials

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$213.74 -1.94 (-0.90%)
As of 03:03 PM Eastern
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Annual Income Statements for SPX Technologies

Annual Income Statements for SPX Technologies

This table shows SPX Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -83 -85 89 81 71 99 425 0.20 90 201 244
Consolidated Net Income / (Loss)		 -117 -68 89 81 131 99 425 0.20 90 201 244
Net Income / (Loss) Continuing Operations		 -152 30 84 82 153 74 59 20 145 202 246
Total Pre-Tax Income 		-154 39 36 85 89 79 70 27 186 255 314
Total Operating Income		 -122 52 60 113 114 97 74 51 222 308 350
Total Gross Profit		 276 376 330 410 402 396 432 524 670 799 918
Total Revenue		 1,559 1,472 1,426 1,513 1,124 1,128 1,220 1,461 1,741 1,984 2,265
Operating Revenue		 1,559 1,472 1,426 1,513 1,124 1,128 1,220 1,461 1,741 1,984 2,265
Total Cost of Revenue		 1,283 1,097 1,096 1,103 722 733 788 937 1,071 1,185 1,347
Operating Cost of Revenue		 1,283 1,097 1,096 1,103 722 733 788 937 1,071 1,185 1,347
Total Operating Expenses		 398 324 270 298 288 299 358 473 448 491 567
Selling, General & Admin Expense		 388 286 277 289 276 273 310 356 394 415 478
Amortization Expense		 5.20 2.80 0.60 4.10 8.90 14 22 29 44 65 87
Other Operating Expenses / (Income)		 - - 0.00 0.60 1.80 9.00 -4.10 75 9.00 8.40 0.50
Impairment Charge		 0.00 30 - 0.00 0.00 0.70 30 13 0.00 0.00 0.70
Other Special Charges / (Income)		 5.10 5.30 -7.50 3.70 1.50 2.40 1.00 0.40 0.80 3.60 1.10
Total Other Income / (Expense), net		 -32 -12 -24 -28 -25 -18 -3.80 -24 -36 -53 -36
Interest Expense		 23 16 18 22 22 18 13 10 27 46 50
Interest & Investment Income		 1.30 0.80 1.30 1.50 1.60 0.20 0.50 1.70 1.70 2.10 4.80
Other Income / (Expense), net		 -10 3.10 -7.10 -7.60 -5.20 -0.10 9.00 -15 -10 -9.30 8.50
Income Tax Expense		 -2.70 9.10 -48 2.60 13 4.80 11 7.30 42 54 69
Net Income / (Loss) Discontinued Operations		 35 -98 5.30 -0.70 -16 25 366 -20 -55 -1.30 -1.50
Basic Earnings per Share		 ($2.03) ($2.05) $2.11 $1.89 $1.61 $2.22 $9.39 $0.00 $1.97 $4.34 $5.10
Weighted Average Basic Shares Outstanding		 40.73M 41.61M 42.41M 43.05M 43.94M 44.63M 45.29M 45.35M 45.55M 46.19M 47.83M
Diluted Earnings per Share		 ($2.03) ($2.02) $2.03 $1.82 $1.58 $2.16 $9.15 $0.00 $1.93 $4.26 $5.03
Weighted Average Diluted Shares Outstanding		 40.73M 42.16M 43.91M 44.66M 44.96M 45.77M 46.50M 46.22M 46.61M 47.08M 48.51M
Weighted Average Basic & Diluted Shares Outstanding		 47.30M 41.60M 42.30M 43M 43.94M 45.08M 45.49M 45.34M 45.69M 46.38M 49.88M

Quarterly Income Statements for SPX Technologies

This table shows SPX Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 3/28/2026 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 32 49 44 50 57 51 52 63 78 60 78
Consolidated Net Income / (Loss)		 32 49 44 50 57 51 52 63 78 60 78
Net Income / (Loss) Continuing Operations		 32 49 45 51 57 52 53 63 78 64 79
Total Pre-Tax Income 		42 51 60 66 78 58 70 82 105 77 102
Total Operating Income		 63 65 75 79 90 67 87 97 100 88 115
Total Gross Profit		 188 183 201 198 218 196 229 240 253 231 273
Total Revenue		 469 465 501 484 534 483 552 593 637 567 679
Operating Revenue		 469 465 501 484 534 483 552 593 637 567 679
Total Cost of Revenue		 282 282 301 286 316 287 324 353 384 336 406
Operating Cost of Revenue		 282 282 301 286 316 287 324 353 384 336 406
Total Operating Expenses		 125 118 126 119 128 129 142 142 153 143 158
Selling, General & Admin Expense		 104 103 101 102 109 110 117 118 133 119 130
Amortization Expense		 12 15 17 17 16 20 25 25 19 23 26
Other Operating Expenses / (Income)		 - - 8.40 0.00 - - 0.50 0.00 - - 0.00
Other Special Charges / (Income)		 0.80 0.60 -0.20 0.50 2.70 0.10 0.00 0.10 0.90 0.20 1.60
Total Other Income / (Expense), net		 -21 -14 -14 -13 -12 -8.70 -17 -16 4.70 -10 -13
Interest Expense		 9.20 9.80 13 12 11 12 16 14 8.20 8.40 8.80
Interest & Investment Income		 0.20 0.30 0.30 0.60 0.90 0.90 1.00 1.10 1.80 1.10 1.10
Other Income / (Expense), net		 -12 -4.00 -1.70 -1.40 -2.20 2.70 -2.10 -3.20 11 -3.00 -5.10
Income Tax Expense		 10 1.90 15 15 21 6.20 17 18 27 13 23
Net Income / (Loss) Discontinued Operations		 -0.10 -0.20 -1.00 -0.70 0.60 -0.50 -0.30 -0.40 -0.30 -4.50 -0.90
Basic Earnings per Share		 $0.69 $1.07 $0.96 $1.08 $1.23 $1.10 $1.12 $1.30 $1.58 $1.20 $1.57
Weighted Average Basic Shares Outstanding		 45.55M 45.83M 46.25M 46.31M 46.19M 46.45M 46.72M 48.17M 47.83M 49.92M 50.07M
Diluted Earnings per Share		 $0.68 $1.05 $0.94 $1.06 $1.21 $1.09 $1.10 $1.28 $1.56 $1.19 $1.55
Weighted Average Diluted Shares Outstanding		 46.61M 46.68M 47.16M 47.27M 47.08M 47.12M 47.40M 48.92M 48.51M 50.52M 50.68M
Weighted Average Basic & Diluted Shares Outstanding		 45.69M 46.23M 46.30M 46.36M 46.38M 46.71M 46.76M 49.84M 49.88M 50.06M 50.09M

Annual Cash Flow Statements for SPX Technologies

This table details how cash moves in and out of SPX Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -326 -1.80 25 -56 -14 14 328 -239 -52 57 205
Net Cash From Operating Activities		 -39 -1.20 47 111 149 126 175 -137 209 286 333
Net Cash From Continuing Operating Activities		 -76 46 54 112 110 105 131 -115 244 313 336
Net Income / (Loss) Continuing Operations		 -152 30 84 82 76 74 59 20 145 202 246
Consolidated Net Income / (Loss)		 -117 -68 89 81 65 99 425 0.20 90 201 244
Net Income / (Loss) Discontinued Operations		 35 -98 5.30 -0.70 -11 25 366 -20 -55 -1.30 -1.50
Depreciation Expense		 37 27 25 28 24 32 42 46 63 92 123
Amortization Expense		 - - - - - - - - 0.00 0.00 24
Non-Cash Adjustments To Reconcile Net Income		 78 59 39 36 26 23 28 -32 27 30 -27
Changes in Operating Assets and Liabilities, net		 -40 -70 -95 -34 -16 -24 2.00 -149 9.20 -9.80 -30
Net Cash From Discontinued Operating Activities		 38 -47 -6.60 -0.90 39 21 43 -22 -35 -27 -2.30
Net Cash From Investing Activities		 -54 13 -11 -181 -154 -126 314 -66 -570 -285 -561
Net Cash From Continuing Investing Activities		 -14 44 -11 -189 -155 -120 -306 -52 -570 -285 -561
Purchase of Property, Plant & Equipment		 -16 -12 -11 -12 -14 -15 -9.60 -16 -24 -38 -92
Acquisitions		 - 0.00 0.00 -181 -147 -104 -265 -40 -547 -292 -445
Sale of Property, Plant & Equipment		 2.00 48 0.00 5.00 - - - 0.00 0.00 3.60 0.00
Other Investing Activities, net		 0.00 7.70 0.40 -0.80 5.70 -0.20 -31 3.70 0.70 42 -24
Net Cash From Discontinued Investing Activities		 -40 -31 0.00 8.40 1.20 -6.20 620 -14 0.00 0.00 0.00
Net Cash From Financing Activities		 -176 -21 -6.20 17 -11 16 -168 -39 310 53 426
Net Cash From Continuing Financing Activities		 -174 -21 -6.20 17 4.70 16 -168 -40 310 53 426
Repayment of Debt		 -1,345 -147 -484 -298 -678 -316 -553 -246 -736 -605 -1,376
Issuance of Debt		 1,432 128 479 322 687 332 389 245 1,047 657 1,258
Issuance of Common Equity		 - - - - - - - - 0.00 0.00 551
Other Financing Activities, net		 -215 -1.60 -1.30 -7.80 -3.70 0.70 -3.30 -4.80 -1.30 0.90 -7.40
Net Cash From Discontinued Financing Activities		 -1.90 0.00 0.00 0.00 -16 -0.40 0.20 1.00 0.00 0.00 0.00
Other Net Changes in Cash		 - - -5.40 -2.30 2.10 -2.50 6.60 2.90 -0.10 2.00 6.80
Cash Interest Paid		 61 13 15 20 16 18 11 6.50 26 43 42
Cash Income Taxes Paid		 51 -4.80 -23 -44 7.00 7.60 -5.50 -60 58 44 57

Quarterly Cash Flow Statements for SPX Technologies

This table details how cash moves in and out of SPX Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 3/28/2026 6/27/2026
Net Change in Cash & Equivalents		 2.90 0.60 28 -3.60 32 21 -45 95 135 -208 9.90
Net Cash From Operating Activities		 127 11 58 51 167 -11 43 107 195 31 90
Net Cash From Continuing Operating Activities		 124 11 59 77 167 -10 43 107 196 30 90
Net Income / (Loss) Continuing Operations		 32 49 45 51 57 52 53 63 78 64 79
Consolidated Net Income / (Loss)		 32 49 44 50 57 51 52 63 78 60 78
Net Income / (Loss) Discontinued Operations		 -0.10 -0.20 -1.00 -0.70 0.60 -0.50 -0.30 -0.40 -0.30 -4.50 -0.90
Depreciation Expense		 17 21 23 24 24 27 33 32 31 32 36
Amortization Expense		 - 0.00 - - - 4.30 6.60 6.50 6.80 3.60 2.70
Non-Cash Adjustments To Reconcile Net Income		 17 11 4.80 6.20 7.80 -42 7.00 8.70 -0.90 10 9.50
Changes in Operating Assets and Liabilities, net		 59 -70 -15 -3.60 79 -52 -55 -3.90 81 -81 -37
Net Cash From Discontinued Operating Activities		 2.70 -0.20 -1.20 -26 -0.20 -0.50 -0.90 -0.30 -0.60 0.80 -0.80
Net Cash From Investing Activities		 -9.00 -304 32 -5.80 -7.20 -307 -151 -41 -62 -396 -21
Net Cash From Continuing Investing Activities		 -9.00 -304 32 -5.80 -7.20 -307 -151 -41 -62 -455 -21
Purchase of Property, Plant & Equipment		 -7.40 -9.90 -10 -7.90 -9.80 -5.50 -7.70 -10 -69 -19 -21
Other Investing Activities, net		 -1.90 0.10 43 - -1.00 3.00 0.10 -33 6.40 3.10 0.20
Net Cash From Financing Activities		 -116 293 -62 -54 -124 336 60 29 0.90 158 -59
Net Cash From Continuing Financing Activities		 -116 293 -62 -54 -124 336 60 29 0.90 158 -59
Repayment of Debt		 -231 -327 -149 -176 47 -183 -70 -1,124 - -128 -256
Issuance of Debt		 115 622 85 120 -170 528 129 601 - 301 196

Annual Balance Sheets for SPX Technologies

This table presents SPX Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,179 1,913 2,040 2,058 2,135 2,334 2,629 1,931 2,440 2,715 3,605
Total Current Assets		 782 528 633 598 632 675 903 721 710 784 1,144
Cash & Equivalents		 97 100 124 69 55 64 388 148 99 157 364
Accounts Receivable		 305 252 268 269 265 211 223 264 280 314 357
Inventories, net		 161 146 143 129 155 155 190 244 277 271 302
Other Current Assets		 135 31 98 132 156 121 102 66 54 43 120
Plant, Property, & Equipment, net		 205 196 187 184 179 107 113 110 141 218 291
Plant, Property & Equipment, gross		 457 463 467 479 483 280 308 311 356 445 533
Accumulated Depreciation		 252 267 280 295 304 174 195 201 215 227 242
Total Noncurrent Assets		 1,192 1,189 1,221 1,275 1,323 1,552 1,612 1,100 1,590 1,704 2,164
Goodwill		 343 340 346 394 449 369 457 455 705 835 1,043
Intangible Assets		 154 118 118 198 252 305 416 402 681 703 868
Noncurrent Deferred & Refundable Income Taxes		 31 51 51 24 16 24 11 2.70 4.00 2.40 2.20
Other Noncurrent Operating Assets		 628 681 707 658 606 635 728 240 200 164 250
Total Liabilities & Shareholders' Equity		 2,179 1,913 2,040 2,058 2,135 2,334 2,629 1,931 2,440 2,715 3,605
Total Liabilities		 1,871 1,721 1,726 1,643 1,632 1,694 1,526 852 1,245 1,317 1,353
Total Current Liabilities		 655 476 461 470 609 572 440 334 401 418 461
Short-Term Debt		 31 33 7.50 50 144 108 15 3.80 35 38 4.90
Accounts Payable		 157 138 160 154 141 102 120 125 119 128 145
Accrued Expenses		 350 304 293 184 220 207 218 148 169 171 185
Current Deferred Revenue		 - - - - - - - - - 62 116
Current Deferred & Payable Income Tax Liabilities		 1.60 1.70 1.20 3.50 2.20 0.40 42 4.70 5.30 19 10
Total Noncurrent Liabilities		 1,216 1,245 1,265 1,172 1,024 1,122 1,086 518 844 912 906
Long-Term Debt		 341 324 349 332 250 304 231 243 523 577 497
Noncurrent Deferred & Payable Income Tax Liabilities		 40 42 30 23 26 27 31 35 77 98 150
Other Noncurrent Operating Liabilities		 812 879 886 817 747 760 824 240 244 224 246
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 308 192 315 415 502 640 1,103 1,079 1,195 1,384 2,238
Total Preferred & Common Equity		 345 192 315 415 502 640 1,103 1,079 1,195 1,384 2,238
Total Common Equity		 345 192 315 415 502 640 1,103 1,079 1,195 1,384 2,238
Common Stock		 2,651 1,308 1,310 1,296 1,303 1,320 1,335 1,339 1,354 1,374 1,939
Retained Earnings		 898 -832 -742 -650 -585 -477 -52 -52 38 239 483
Treasury Stock		 -3,486 -520 -503 -476 -460 -452 -444 -466 -459 -452 -445
Accumulated Other Comprehensive Income / (Loss)		 283 235 250 245 244 249 264 258 261 224 261

Quarterly Balance Sheets for SPX Technologies

This table presents SPX Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 3/28/2026 6/27/2026
Total Assets		 2,021 2,502 2,473 2,800 2,783 2,806 3,138 3,307 3,446 3,880 3,939
Total Current Assets		 820 739 769 780 809 828 907 921 1,064 1,013 1,102
Cash & Equivalents		 205 87 101 101 128 125 178 133 229 157 166
Accounts Receivable		 275 282 305 318 326 339 320 364 386 392 442
Inventories, net		 266 300 292 295 293 298 308 322 331 342 374
Other Current Assets		 74 71 72 66 62 66 101 102 118 123 120
Plant, Property, & Equipment, net		 110 135 135 217 219 224 224 227 227 307 325
Plant, Property & Equipment, gross		 315 344 348 434 440 451 457 465 472 556 579
Accumulated Depreciation		 204 209 213 217 221 227 233 238 244 249 255
Total Noncurrent Assets		 1,091 1,628 1,569 1,803 1,756 1,746 1,999 2,151 2,148 2,554 2,506
Goodwill		 458 680 675 845 845 854 950 1,041 1,036 1,245 1,234
Intangible Assets		 396 706 688 761 743 731 854 915 888 1,051 1,015
Noncurrent Deferred & Refundable Income Taxes		 2.60 3.10 3.20 4.00 3.50 2.30 2.60 2.50 2.50 2.10 2.60
Other Noncurrent Operating Assets		 235 239 203 194 165 158 193 193 221 255 254
Total Liabilities & Shareholders' Equity		 2,021 2,502 2,473 2,800 2,783 2,806 3,138 3,307 3,446 3,880 3,939
Total Liabilities		 895 1,329 1,326 1,562 1,499 1,434 1,681 1,760 1,284 1,580 1,577
Total Current Liabilities		 394 490 494 695 633 446 483 468 431 481 604
Short-Term Debt		 72 143 144 338 280 73 88 69 1.80 30 84
Accounts Payable		 120 131 132 151 128 139 149 140 158 165 195
Accrued Expenses		 121 131 147 126 151 161 145 166 174 160 183
Current Deferred Revenue		 - - - - - 61 80 77 85 115 128
Current Deferred & Payable Income Tax Liabilities		 14 14 4.00 6.50 12 13 20 16 12 11 14
Total Noncurrent Liabilities		 501 839 832 867 866 1,002 1,211 1,305 866 1,113 987
Long-Term Debt		 242 533 530 517 510 665 872 950 500 644 531
Noncurrent Deferred & Payable Income Tax Liabilities		 31 76 63 110 103 107 98 119 134 203 198
Other Noncurrent Operating Liabilities		 229 231 240 241 253 215 228 223 219 252 244
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,126 1,173 1,147 1,238 1,284 1,358 1,443 1,533 2,148 2,285 2,348
Total Preferred & Common Equity		 1,126 1,173 1,147 1,238 1,284 1,358 1,443 1,533 2,148 2,285 2,348
Total Common Equity		 1,126 1,173 1,147 1,238 1,284 1,358 1,443 1,533 2,148 2,285 2,348
Common Stock		 1,336 1,342 1,349 1,352 1,360 1,368 1,365 1,372 1,931 1,928 1,934
Retained Earnings		 -8.80 27 6.80 87 132 182 290 342 405 543 621
Treasury Stock		 -460 -459 -459 -453 -452 -452 -445 -445 -445 -439 -439
Accumulated Other Comprehensive Income / (Loss)		 259 263 251 251 245 260 233 264 257 254 232

Annual Metrics And Ratios for SPX Technologies

This table displays calculated financial ratios and metrics derived from SPX Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.99% -5.56% -3.16% 6.09% -25.72% 0.40% 8.10% 19.80% 19.19% 13.94% 14.17%
EBITDA Growth		 -127.57% 185.29% -3.94% 70.26% 0.30% -3.38% -2.87% -34.24% 234.55% 42.04% 29.47%
EBIT Growth		 -143.39% 141.38% -3.47% 98.67% 3.72% -11.03% -14.57% -56.71% 491.62% 41.17% 20.03%
NOPAT Growth		 -1.55% 146.39% 251.24% -21.77% -10.17% -7.12% -31.63% -40.10% 362.54% 41.34% 12.43%
Net Income Growth		 -130.48% 42.22% 232.10% -9.07% 60.84% -24.20% 329.70% -99.95% 44,850.00% 123.03% 21.70%
EPS Growth		 -122.21% 0.49% 200.50% -10.34% -13.19% 36.71% 323.61% -100.00% 0.00% 120.73% 18.08%
Operating Cash Flow Growth		 -150.39% 96.88% 4,008.33% 135.82% 34.36% -15.01% 38.24% -178.35% 252.41% 37.12% 16.58%
Free Cash Flow Firm Growth		 -101.53% 517.90% -73.48% -277.47% 79.00% 1,028.29% -176.10% -69.57% -68.08% 116.60% -621.75%
Invested Capital Growth		 -8.05% -20.08% 22.09% 33.02% 15.52% -5.79% 21.27% 22.64% 40.34% 11.69% 29.04%
Revenue Q/Q Growth		 994.80% 3.23% -0.58% 2.16% -25.08% 20.46% 10.47% 5.74% 2.36% 3.35% 4.79%
EBITDA Q/Q Growth		 77.50% -34.30% 4.70% 48.05% -7.44% -9.43% -9.02% -24.38% 39.81% 12.76% 12.05%
EBIT Q/Q Growth		 71.37% -43.95% 7.10% 68.92% -3.37% -19.87% -13.13% -41.69% 50.43% 14.25% 6.91%
NOPAT Q/Q Growth		 73.19% -39.14% 226.57% -22.30% -6.01% -17.91% -23.69% -55.54% 78.72% 7.34% 3.22%
Net Income Q/Q Growth		 22.87% -1,285.96% 261.19% -19.28% 65.11% -39.23% -4.58% -99.41% 189.07% 14.64% 9.32%
EPS Q/Q Growth		 26.71% -861.90% 256.15% -19.82% -10.73% -5.26% -4.29% -100.00% 196.92% 14.21% 7.48%
Operating Cash Flow Q/Q Growth		 -251.57% -104.01% 34.00% 58.91% -11.07% -6.58% -21.95% -52.51% 274.33% 16.27% 9.42%
Free Cash Flow Firm Q/Q Growth		 -101.83% -10.32% -33.67% 24.30% -118.78% 297.96% -152.61% 11.47% 36.92% 270.13% -40.81%
Invested Capital Q/Q Growth		 -14.85% -19.10% 2.13% -5.57% 5.79% -18.86% 12.26% 3.06% -3.86% -6.56% -1.85%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.70% 25.52% 23.16% 27.11% 35.78% 35.06% 35.41% 35.86% 38.48% 40.29% 40.51%
EBITDA Margin		 -6.11% 5.52% 5.47% 8.78% 11.85% 11.41% 10.25% 5.63% 15.79% 19.69% 22.33%
Operating Margin		 -7.84% 3.50% 4.20% 7.44% 10.15% 8.59% 6.04% 3.49% 12.74% 15.54% 15.47%
EBIT Margin		 -8.48% 3.72% 3.70% 6.94% 9.68% 8.58% 6.78% 2.45% 12.16% 15.07% 15.84%
Profit (Net Income) Margin		 -7.50% -4.59% 6.26% 5.37% 11.62% 8.78% 34.88% 0.01% 5.16% 10.11% 10.77%
Tax Burden Percent		 75.83% -171.57% 247.37% 96.09% 147.07% 125.95% 608.58% 0.74% 48.26% 78.50% 77.68%
Interest Burden Percent		 116.72% 72.03% 68.37% 80.55% 81.62% 81.20% 84.52% 75.70% 87.96% 85.42% 87.52%
Effective Tax Rate		 0.00% 23.10% -132.69% 3.08% 14.08% 6.11% 15.59% 26.94% 22.33% 20.99% 21.84%
Return on Invested Capital (ROIC)		 -14.61% 7.87% 28.00% 17.10% 12.49% 11.14% 7.10% 3.48% 12.17% 13.92% 12.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 -7.99% -34.28% 7.53% 6.90% 22.51% 14.41% 7,344.32% 175.07% -17.38% 4.56% 3.12%
Return on Net Nonoperating Assets (RNNOA)		 3.58% -34.91% 7.27% 5.16% 15.99% 6.19% 41.71% -3.47% -4.27% 1.63% 0.52%
Return on Equity (ROE)		 -11.04% -27.05% 35.28% 22.26% 28.47% 17.33% 48.81% 0.02% 7.91% 15.55% 13.47%
Cash Return on Invested Capital (CROIC)		 -6.23% 30.18% 8.11% -11.24% -1.92% 17.11% -12.13% -16.85% -21.40% 2.87% -12.41%
Operating Return on Assets (OROA)		 -3.27% 2.67% 2.67% 5.12% 5.19% 4.33% 3.33% 1.57% 9.69% 11.60% 11.36%
Return on Assets (ROA)		 -2.90% -3.30% 4.52% 3.96% 6.23% 4.43% 17.15% 0.01% 4.11% 7.78% 7.72%
Return on Common Equity (ROCE)		 -11.21% -29.05% 35.28% 22.26% 28.47% 17.33% 48.81% 0.02% 7.91% 15.55% 13.47%
Return on Equity Simple (ROE_SIMPLE)		 -33.87% -35.28% 28.38% 19.57% 26.00% 15.47% 38.57% 0.02% 7.53% 14.48% 0.00%
Net Operating Profit after Tax (NOPAT)		 -86 40 139 109 98 91 62 37 172 244 274
NOPAT Margin		 -5.49% 2.70% 9.78% 7.21% 8.72% 8.07% 5.10% 2.55% 9.90% 12.28% 12.09%
Net Nonoperating Expense Percent (NNEP)		 -6.63% 42.15% 20.48% 10.21% -10.02% -3.27% -7,337.22% -171.58% 29.56% 9.36% 9.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 2.81% 9.83% 12.19% 10.00%
Cost of Revenue to Revenue		 82.30% 74.48% 76.84% 72.89% 64.22% 64.94% 64.59% 64.14% 61.52% 59.71% 59.49%
SG&A Expenses to Revenue		 24.87% 19.43% 19.44% 19.11% 24.55% 24.16% 25.39% 24.35% 22.65% 20.90% 21.09%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 25.54% 22.02% 18.96% 19.67% 25.63% 26.47% 29.36% 32.37% 25.74% 24.75% 25.05%
Earnings before Interest and Taxes (EBIT)		 -132 55 53 105 109 97 83 36 212 299 359
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -95 81 78 133 133 129 125 82 275 391 506
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.10 5.19 4.25 2.93 4.47 3.82 2.46 2.75 3.86 4.87 4.46
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 11.78 13.34 0.00 0.00 30.59
Price to Revenue (P/Rev)		 0.24 0.67 0.94 0.80 2.00 2.17 2.22 2.03 2.65 3.40 4.40
Price to Earnings (P/E)		 0.00 0.00 14.98 14.97 31.68 24.67 6.37 14,832.64 51.29 33.65 40.86
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 6.68% 6.68% 3.16% 4.05% 15.70% 0.01% 1.95% 2.97% 2.45%
Enterprise Value to Invested Capital (EV/IC)		 1.10 2.79 2.87 2.10 3.07 3.52 2.67 2.60 3.07 3.90 4.24
Enterprise Value to Revenue (EV/Rev)		 0.40 0.85 1.10 1.01 2.30 2.47 2.11 2.10 2.91 3.63 4.46
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 15.40 20.13 11.51 19.41 21.69 20.54 37.29 18.44 18.44 19.99
Enterprise Value to EBIT (EV/EBIT)		 0.00 22.85 29.73 14.57 23.76 28.83 31.05 85.63 23.94 24.09 28.16
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 31.50 11.26 14.02 26.39 30.67 41.28 82.27 29.42 29.57 36.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 33.48 13.82 17.40 22.10 14.71 0.00 24.32 25.20 30.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 8.21 38.88 0.00 0.00 19.98 0.00 0.00 0.00 143.22 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.21 1.86 1.13 0.92 0.78 0.64 0.22 0.23 0.47 0.44 0.22
Long-Term Debt to Equity		 1.10 1.69 1.11 0.80 0.50 0.47 0.21 0.23 0.44 0.42 0.22
Financial Leverage		 -0.45 1.02 0.97 0.75 0.71 0.43 0.01 -0.02 0.25 0.36 0.17
Leverage Ratio		 3.81 8.19 7.81 5.62 4.57 3.91 2.85 2.09 1.92 2.00 1.74
Compound Leverage Factor		 4.44 5.90 5.34 4.52 3.73 3.18 2.41 1.58 1.69 1.71 1.53
Debt to Total Capital		 54.67% 65.02% 53.13% 47.92% 43.92% 39.18% 18.24% 18.61% 31.85% 30.75% 18.31%
Short-Term Debt to Total Capital		 4.59% 5.97% 1.12% 6.26% 16.03% 10.30% 1.13% 0.29% 2.01% 1.89% 0.18%
Long-Term Debt to Total Capital		 50.08% 59.05% 52.02% 41.66% 27.89% 28.88% 17.11% 18.33% 29.84% 28.86% 18.13%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -5.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 50.79% 34.98% 46.87% 52.08% 56.08% 60.82% 81.76% 81.39% 68.15% 69.25% 81.69%
Debt to EBITDA		 -3.91 4.39 4.57 2.88 2.95 3.20 1.97 3.00 2.03 1.57 0.99
Net Debt to EBITDA		 -2.88 3.16 2.98 2.36 2.54 2.71 -1.14 1.20 1.67 1.17 0.27
Long-Term Debt to EBITDA		 -3.58 3.98 4.48 2.50 1.88 2.36 1.85 2.96 1.90 1.48 0.98
Debt to NOPAT		 -4.35 8.98 2.56 3.50 4.02 4.53 3.95 6.62 3.24 2.52 1.83
Net Debt to NOPAT		 -3.21 6.47 1.67 2.87 3.46 3.83 -2.29 2.66 2.66 1.88 0.50
Long-Term Debt to NOPAT		 -3.98 8.15 2.51 3.04 2.55 3.34 3.71 6.52 3.04 2.37 1.81
Altman Z-Score		 1.28 0.63 0.84 0.98 1.15 1.25 1.82 3.11 3.40 4.45 5.79
Noncontrolling Interest Sharing Ratio		 -1.60% -7.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.19 1.11 1.37 1.27 1.04 1.18 2.06 2.16 1.77 1.88 2.48
Quick Ratio		 0.61 0.74 0.85 0.72 0.52 0.48 1.39 1.23 0.95 1.12 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -36 152 40 -72 -15 140 -106 -180 -303 50 -262
Operating Cash Flow to CapEx		 -275.00% 0.00% 426.36% 1,494.59% 1,100.74% 825.49% 1,818.75% -860.38% 872.38% 831.10% 361.89%
Free Cash Flow to Firm to Interest Expense		 -1.56 9.46 2.24 -3.27 -0.70 7.59 -7.99 -17.33 -11.14 1.10 -5.29
Operating Cash Flow to Interest Expense		 -1.65 -0.07 2.61 5.05 6.88 6.86 13.13 -13.15 7.67 6.26 6.72
Operating Cash Flow Less CapEx to Interest Expense		 -2.24 2.19 1.99 4.71 6.25 6.03 12.41 -14.68 6.79 5.50 4.86
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.72 0.72 0.74 0.54 0.50 0.49 0.64 0.80 0.77 0.72
Accounts Receivable Turnover		 4.00 5.29 5.49 5.64 4.21 4.74 5.62 6.00 6.41 6.69 6.75
Inventory Turnover		 7.81 7.14 7.59 8.11 5.09 4.73 4.57 4.32 4.11 4.33 4.70
Fixed Asset Turnover		 7.04 7.35 7.46 8.16 6.19 7.89 11.08 13.09 13.91 11.07 8.90
Accounts Payable Turnover		 6.99 7.44 7.37 7.04 4.90 6.02 7.11 7.68 8.81 9.60 9.86
Days Sales Outstanding (DSO)		 91.14 69.02 66.46 64.74 86.72 76.94 64.98 60.83 56.94 54.59 54.05
Days Inventory Outstanding (DIO)		 46.75 51.10 48.09 44.99 71.75 77.20 79.89 84.49 88.71 84.39 77.64
Days Payable Outstanding (DPO)		 52.20 49.03 49.52 51.86 74.56 60.61 51.37 47.54 41.43 38.03 37.02
Cash Conversion Cycle (CCC)		 85.70 71.08 65.02 57.87 83.91 93.53 93.50 97.77 104.22 100.95 94.67
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 561 448 547 728 841 792 961 1,178 1,654 1,847 2,383
Invested Capital Turnover		 2.66 2.92 2.86 2.37 1.43 1.38 1.39 1.37 1.23 1.13 1.07
Increase / (Decrease) in Invested Capital		 -49 -113 99 181 113 -49 169 218 475 193 536
Enterprise Value (EV)		 618 1,250 1,570 1,528 2,585 2,791 2,568 3,066 5,070 7,204 10,108
Market Capitalization		 381 994 1,338 1,215 2,246 2,442 2,710 2,967 4,611 6,746 9,970
Book Value per Share		 $8.46 $4.57 $7.39 $9.56 $11.38 $14.29 $24.29 $23.88 $26.17 $29.86 $44.90
Tangible Book Value per Share		 ($3.72) ($6.37) ($3.49) ($4.10) ($4.50) ($0.75) $5.07 $4.92 ($4.18) ($3.30) $6.54
Total Capital		 680 548 672 797 896 1,053 1,349 1,326 1,753 1,999 2,739
Total Debt		 372 356 357 382 394 412 246 247 558 615 502
Total Long-Term Debt		 341 324 349 332 250 304 231 243 523 577 497
Net Debt		 275 257 233 313 339 348 -142 99 459 458 138
Capital Expenditures (CapEx)		 14 -36 11 7.40 14 15 9.60 16 24 34 92
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 62 -16 55 109 113 147 91 243 244 247 324
Debt-free Net Working Capital (DFNWC)		 159 84 179 178 167 211 479 391 344 404 688
Net Working Capital (NWC)		 128 51 172 128 24 103 464 387 308 366 683
Net Nonoperating Expense (NNE)		 31 107 50 28 -33 -8.02 -363 37 82 43 30
Net Nonoperating Obligations (NNO)		 253 257 233 313 339 152 -142 99 459 462 146
Total Depreciation and Amortization (D&A)		 37 27 25 28 24 32 42 46 63 92 147
Debt-free, Cash-free Net Working Capital to Revenue		 3.94% -1.06% 3.84% 7.23% 10.01% 13.07% 7.45% 16.65% 14.02% 12.44% 14.28%
Debt-free Net Working Capital to Revenue		 10.18% 5.71% 12.55% 11.77% 14.87% 18.74% 39.29% 26.77% 19.73% 20.35% 30.35%
Net Working Capital to Revenue		 8.18% 3.48% 12.03% 8.48% 2.09% 9.13% 38.04% 26.51% 17.71% 18.45% 30.14%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.03) ($2.05) $2.11 $1.89 $1.61 $2.18 $9.39 $0.00 $1.97 $4.34 $5.10
Adjusted Weighted Average Basic Shares Outstanding		 40.73M 41.61M 42.41M 43.05M 43.94M 44.63M 45.29M 45.35M 45.55M 46.19M 47.83M
Adjusted Diluted Earnings per Share		 ($2.03) ($2.02) $2.03 $1.82 $1.58 $2.12 $9.15 $0.00 $1.93 $4.26 $5.03
Adjusted Weighted Average Diluted Shares Outstanding		 40.73M 42.16M 43.91M 44.66M 44.96M 45.77M 46.50M 46.22M 46.61M 47.08M 48.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.89 $1.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 41.86M 42.23M 42.78M 43.50M 44.23M 45.08M 45.49M 45.34M 45.69M 46.38M 49.88M
Normalized Net Operating Profit after Tax (NOPAT)		 -82 67 37 113 99 94 88 47 173 246 275
Normalized NOPAT Margin		 -5.26% 4.54% 2.57% 7.45% 8.83% 8.32% 7.25% 3.24% 9.93% 12.42% 12.15%
Pre Tax Income Margin		 -9.90% 2.68% 2.53% 5.59% 7.90% 6.97% 5.73% 1.86% 10.70% 12.87% 13.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -5.65 3.40 2.93 4.79 5.04 5.26 6.22 3.44 7.79 6.54 7.24
NOPAT to Interest Expense		 -3.66 2.46 7.74 4.98 4.53 4.94 4.68 3.58 6.34 5.33 5.52
EBIT Less CapEx to Interest Expense		 -6.25 5.66 2.32 4.45 4.41 4.43 5.50 1.91 6.91 5.79 5.38
NOPAT Less CapEx to Interest Expense		 -4.25 4.73 7.13 4.64 3.91 4.11 3.96 2.05 5.46 4.58 3.66
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -39.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -39.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 16,850.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for SPX Technologies

This table displays calculated financial ratios and metrics derived from SPX Technologies' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025 3/28/2026 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - 49,876,887.00 50,064,839.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 49,876,887.00 50,064,839.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.20 1.57
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.34% 16.36% 18.43% 7.80% 13.70% 3.74% 10.19% 22.56% 19.41% 17.45% 22.92%
EBITDA Growth		 725.00% 29.52% 43.09% 30.83% 65.48% 23.28% 28.35% 31.49% 33.12% 19.68% 19.98%
EBIT Growth		 349.75% 15.87% 42.11% 34.78% 73.57% 14.36% 15.91% 21.16% 26.36% 22.22% 30.06%
NOPAT Growth		 374.34% 60.99% 30.99% 42.09% 36.82% -4.39% 16.51% 23.55% 14.17% 22.70% 37.19%
Net Income Growth		 215.38% 14.49% 22.78% 346.08% 81.27% 4.49% 18.10% 24.90% 36.43% 16.99% 50.19%
EPS Growth		 213.33% 14.13% 22.08% 340.91% 77.94% 3.81% 17.02% 20.75% 28.93% 9.17% 40.91%
Operating Cash Flow Growth		 580.99% 338.64% -20.14% 256.94% 31.62% -203.81% -26.09% 107.20% 17.24% 380.73% 110.82%
Free Cash Flow Firm Growth		 -81.96% -588.05% 77.75% 63.35% 70.09% 74.04% -220.95% -92.45% -260.97% -181.48% 29.86%
Invested Capital Growth		 40.34% 61.22% 10.50% 14.91% 11.69% 12.03% 24.63% 22.85% 29.04% 26.00% 15.66%
Revenue Q/Q Growth		 4.61% -0.89% 7.76% -3.51% 10.34% -9.57% 14.46% 7.31% 7.51% -11.06% 19.80%
EBITDA Q/Q Growth		 -12.56% 20.89% 18.01% 4.88% 10.59% -9.94% 22.86% 7.44% 11.97% -19.03% 23.17%
EBIT Q/Q Growth		 -11.83% 19.53% 20.30% 6.31% 13.55% -21.25% 21.93% 11.12% 18.42% -23.83% 29.75%
NOPAT Q/Q Growth		 11.66% 30.08% -10.24% 9.00% 7.51% -9.10% 9.37% 15.58% -0.65% -2.31% 22.29%
Net Income Q/Q Growth		 254.41% 55.56% -9.80% 13.57% 13.75% -10.33% 1.95% 20.11% 24.24% -23.11% 30.88%
EPS Q/Q Growth		 254.55% 54.41% -10.48% 12.77% 14.15% -9.92% 0.92% 16.36% 21.88% -23.72% 30.25%
Operating Cash Flow Q/Q Growth		 778.47% -91.70% 447.62% -10.61% 223.93% -106.55% 489.91% 150.59% 83.29% -84.32% 192.81%
Free Cash Flow Firm Q/Q Growth		 19.93% -62.35% 81.40% -51.58% 34.64% -40.86% -129.97% 9.11% -22.60% -9.84% 42.69%
Invested Capital Q/Q Growth		 -3.86% 20.44% -2.28% 1.56% -6.56% 20.80% 8.71% 0.12% -1.85% 17.96% -0.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 40.03% 39.32% 40.06% 40.85% 40.87% 40.59% 41.44% 40.40% 39.76% 40.68% 40.18%
EBITDA Margin		 14.38% 17.54% 19.21% 20.88% 20.93% 20.85% 22.38% 22.40% 23.33% 21.24% 21.84%
Operating Margin		 13.44% 13.89% 14.88% 16.31% 16.90% 13.80% 15.68% 16.38% 15.71% 15.47% 16.94%
EBIT Margin		 10.80% 13.03% 14.54% 16.02% 16.49% 14.36% 15.30% 15.84% 17.45% 14.94% 16.19%
Profit (Net Income) Margin		 6.71% 10.53% 8.82% 10.38% 10.70% 10.61% 9.45% 10.58% 12.22% 10.57% 11.55%
Tax Burden Percent		 75.54% 95.89% 73.18% 76.06% 73.30% 88.43% 74.68% 76.93% 74.33% 77.39% 76.71%
Interest Burden Percent		 82.25% 84.32% 82.85% 85.16% 88.52% 83.55% 82.72% 86.79% 94.24% 91.38% 92.99%
Effective Tax Rate		 24.22% 3.72% 25.17% 22.88% 27.47% 10.71% 24.89% 22.58% 25.38% 16.80% 22.41%
Return on Invested Capital (ROIC)		 12.53% 14.97% 11.32% 13.07% 13.90% 11.68% 11.06% 12.45% 12.55% 12.00% 12.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.68% 11.91% 9.46% 11.28% 12.09% 10.61% 9.40% 9.67% 13.61% 10.01% 10.84%
Return on Net Nonoperating Assets (RNNOA)		 1.64% 4.35% 4.82% 5.36% 4.32% 6.10% 5.19% 2.48% 2.28% 3.52% 3.76%
Return on Equity (ROE)		 14.17% 19.32% 16.14% 18.43% 18.21% 17.78% 16.25% 14.92% 14.84% 15.52% 16.21%
Cash Return on Invested Capital (CROIC)		 -21.40% -34.73% 1.29% -1.60% 2.87% 0.10% -10.45% -8.46% -12.41% -11.60% -2.61%
Operating Return on Assets (OROA)		 8.61% 9.76% 10.37% 11.65% 12.69% 9.68% 10.31% 10.95% 12.51% 10.01% 11.06%
Return on Assets (ROA)		 5.35% 7.89% 6.29% 7.55% 8.24% 7.15% 6.37% 7.31% 8.76% 7.08% 7.89%
Return on Common Equity (ROCE)		 14.17% 19.32% 16.14% 18.43% 18.21% 17.78% 16.25% 14.92% 14.84% 15.52% 16.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 7.77% 8.12% 12.88% 0.00% 14.04% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 48 62 56 61 65 59 65 75 75 73 89
NOPAT Margin		 10.19% 13.37% 11.14% 12.58% 12.26% 12.32% 11.77% 12.68% 11.72% 12.87% 13.14%
Net Nonoperating Expense Percent (NNEP)		 5.85% 3.06% 1.86% 1.79% 1.81% 1.07% 1.65% 2.78% -1.06% 1.99% 1.61%
Return On Investment Capital (ROIC_SIMPLE)		 2.73% - - - 3.27% 2.47% 2.55% 2.84% 2.73% 2.47% 3.01%
Cost of Revenue to Revenue		 59.97% 60.68% 59.94% 59.15% 59.13% 59.41% 58.56% 59.60% 60.24% 59.32% 59.82%
SG&A Expenses to Revenue		 22.05% 22.12% 20.19% 21.00% 20.40% 22.69% 21.22% 19.85% 20.90% 21.07% 19.13%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 26.59% 25.43% 25.17% 24.54% 23.96% 26.79% 25.76% 24.02% 24.05% 25.21% 23.24%
Earnings before Interest and Taxes (EBIT)		 51 61 73 78 88 69 85 94 111 85 110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 68 82 96 101 112 101 124 133 149 120 148
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.86 4.54 5.12 5.42 4.87 4.16 5.09 3.98 4.46 4.36 4.94
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 38.19 30.59 0.00 117.50
Price to Revenue (P/Rev)		 2.65 3.11 3.49 3.84 3.40 3.00 3.80 3.96 4.40 4.25 4.69
Price to Earnings (P/E)		 51.29 58.49 63.00 42.10 33.65 29.62 37.05 38.33 40.86 39.48 41.62
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.95% 1.71% 1.59% 2.38% 2.97% 3.38% 2.70% 2.61% 2.45% 2.53% 2.40%
Enterprise Value to Invested Capital (EV/IC)		 3.07 3.20 3.72 4.04 3.90 3.04 3.58 3.64 4.24 3.73 4.30
Enterprise Value to Revenue (EV/Rev)		 2.91 3.53 3.84 4.15 3.63 3.39 4.24 4.08 4.46 4.47 4.87
Enterprise Value to EBITDA (EV/EBITDA)		 18.44 21.71 22.42 23.02 18.44 16.74 20.41 19.56 19.99 19.97 21.91
Enterprise Value to EBIT (EV/EBIT)		 23.94 28.96 29.93 30.48 24.09 22.05 27.23 26.29 28.16 28.03 30.16
Enterprise Value to NOPAT (EV/NOPAT)		 29.42 32.53 34.63 35.15 29.57 28.07 34.63 33.27 36.91 36.49 38.71
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.32 28.53 34.63 32.44 25.20 25.66 34.84 28.98 30.33 28.00 28.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 301.99 0.00 143.22 3,115.07 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.47 0.69 0.62 0.54 0.44 0.67 0.66 0.23 0.22 0.29 0.26
Long-Term Debt to Equity		 0.44 0.42 0.40 0.49 0.42 0.60 0.62 0.23 0.22 0.28 0.23
Financial Leverage		 0.25 0.37 0.51 0.48 0.36 0.58 0.55 0.26 0.17 0.35 0.35
Leverage Ratio		 1.92 2.04 2.15 2.11 2.00 2.21 2.16 1.78 1.74 1.88 1.87
Compound Leverage Factor		 1.58 1.72 1.78 1.79 1.77 1.85 1.79 1.55 1.64 1.72 1.74
Debt to Total Capital		 31.85% 40.84% 38.10% 35.20% 30.75% 39.95% 39.93% 18.93% 18.31% 22.77% 20.75%
Short-Term Debt to Total Capital		 2.01% 16.15% 13.52% 3.46% 1.89% 3.67% 2.70% 0.07% 0.18% 1.02% 2.84%
Long-Term Debt to Total Capital		 29.84% 24.70% 24.58% 31.74% 28.86% 36.28% 37.23% 18.86% 18.13% 21.75% 17.90%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.15% 59.16% 61.90% 64.80% 69.25% 60.05% 60.07% 81.07% 81.69% 77.23% 79.25%
Debt to EBITDA		 2.03 2.91 2.45 2.13 1.57 2.37 2.39 1.11 0.99 1.28 1.12
Net Debt to EBITDA		 1.67 2.57 2.05 1.77 1.17 1.93 2.08 0.60 0.27 0.98 0.81
Long-Term Debt to EBITDA		 1.90 1.76 1.58 1.92 1.48 2.15 2.23 1.11 0.98 1.22 0.96
Debt to NOPAT		 3.24 4.36 3.78 3.25 2.52 3.97 4.06 1.89 1.83 2.34 1.97
Net Debt to NOPAT		 2.66 3.85 3.17 2.70 1.88 3.24 3.53 1.03 0.50 1.80 1.44
Long-Term Debt to NOPAT		 3.04 2.64 2.44 2.93 2.37 3.61 3.79 1.88 1.81 2.24 1.70
Altman Z-Score		 3.18 2.96 3.54 4.11 4.20 3.15 3.68 5.10 5.57 4.83 5.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.77 1.12 1.28 1.85 1.88 1.88 1.97 2.47 2.48 2.11 1.82
Quick Ratio		 0.95 0.60 0.72 1.04 1.12 1.03 1.06 1.43 1.56 1.14 1.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -427 -694 -129 -196 -128 -180 -414 -377 -462 -507 -291
Operating Cash Flow to CapEx		 1,709.46% 106.06% 552.88% 650.63% 1,698.98% -198.18% 551.95% 1,024.04% 284.96% 165.41% 424.64%
Free Cash Flow to Firm to Interest Expense		 -46.47 -70.82 -10.08 -16.17 -11.63 -14.64 -26.55 -27.89 -56.29 -60.36 -33.02
Operating Cash Flow to Interest Expense		 13.75 1.07 4.49 4.25 15.14 -0.89 2.72 7.89 23.80 3.64 10.18
Operating Cash Flow Less CapEx to Interest Expense		 12.95 0.06 3.68 3.60 14.25 -1.33 2.23 7.12 15.45 1.44 7.78
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.80 0.75 0.71 0.73 0.77 0.67 0.67 0.69 0.72 0.67 0.68
Accounts Receivable Turnover		 6.41 6.10 6.21 5.96 6.69 6.28 5.95 5.96 6.75 6.61 6.14
Inventory Turnover		 4.11 3.94 3.86 3.91 4.33 3.94 3.94 4.07 4.70 4.29 4.25
Fixed Asset Turnover		 13.91 11.03 10.67 10.69 11.07 9.08 9.21 9.58 8.90 8.85 8.98
Accounts Payable Turnover		 8.81 8.13 8.83 8.49 9.60 7.92 9.03 8.61 9.86 8.91 8.84
Days Sales Outstanding (DSO)		 56.94 59.85 58.82 61.24 54.59 58.11 61.33 61.25 54.05 55.24 59.43
Days Inventory Outstanding (DIO)		 88.71 92.74 94.46 93.47 84.39 92.59 92.55 89.74 77.64 84.99 85.84
Days Payable Outstanding (DPO)		 41.43 44.88 41.34 43.01 38.03 46.11 40.43 42.38 37.02 40.97 41.31
Cash Conversion Cycle (CCC)		 104.22 107.71 111.94 111.70 100.95 104.59 113.45 108.62 94.67 99.26 103.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,654 1,991 1,946 1,976 1,847 2,231 2,425 2,428 2,383 2,811 2,805
Invested Capital Turnover		 1.23 1.12 1.02 1.04 1.13 0.95 0.94 0.98 1.07 0.93 0.95
Increase / (Decrease) in Invested Capital		 475 756 185 257 193 240 479 452 536 580 380
Enterprise Value (EV)		 5,070 6,375 7,233 7,976 7,204 6,786 8,693 8,827 10,108 10,493 12,057
Market Capitalization		 4,611 5,621 6,571 7,363 6,746 6,003 7,807 8,554 9,970 9,975 11,609
Book Value per Share		 $26.17 $27.00 $27.77 $29.34 $29.86 $31.12 $32.83 $45.94 $44.90 $45.82 $46.91
Tangible Book Value per Share		 ($4.18) ($8.02) ($6.57) ($4.90) ($3.30) ($7.77) ($9.04) $4.79 $6.54 ($0.22) $1.97
Total Capital		 1,753 2,092 2,074 2,096 1,999 2,404 2,553 2,650 2,739 2,959 2,963
Total Debt		 558 854 790 738 615 960 1,019 502 502 674 615
Total Long-Term Debt		 523 517 510 665 577 872 950 500 497 644 531
Net Debt		 459 754 662 613 458 783 887 272 138 518 448
Capital Expenditures (CapEx)		 7.40 9.90 10 7.90 9.80 5.50 7.70 10 69 19 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 244 322 328 329 247 334 389 406 324 406 416
Debt-free Net Working Capital (DFNWC)		 344 423 456 454 404 512 522 635 688 562 583
Net Working Capital (NWC)		 308 85 175 381 366 424 453 634 683 532 498
Net Nonoperating Expense (NNE)		 16 13 12 11 8.32 8.27 13 12 -3.21 13 11
Net Nonoperating Obligations (NNO)		 459 754 662 618 462 788 892 280 146 526 457
Total Depreciation and Amortization (D&A)		 17 21 23 24 24 31 39 39 38 36 38
Debt-free, Cash-free Net Working Capital to Revenue		 14.02% 17.83% 17.39% 17.14% 12.44% 16.71% 18.94% 18.78% 14.28% 17.26% 16.81%
Debt-free Net Working Capital to Revenue		 19.73% 23.39% 24.19% 23.65% 20.35% 25.59% 25.41% 29.39% 30.35% 23.93% 23.53%
Net Working Capital to Revenue		 17.71% 4.69% 9.31% 19.86% 18.45% 21.18% 22.05% 29.31% 30.14% 22.64% 20.13%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.69 $1.07 $0.96 $1.08 $1.23 $1.10 $1.12 $1.30 $1.58 $1.20 $1.57
Adjusted Weighted Average Basic Shares Outstanding		 45.55M 45.83M 46.25M 46.31M 46.19M 46.45M 46.72M 48.17M 47.83M 49.92M 50.07M
Adjusted Diluted Earnings per Share		 $0.68 $1.05 $0.94 $1.06 $1.21 $1.09 $1.10 $1.28 $1.56 $1.19 $1.55
Adjusted Weighted Average Diluted Shares Outstanding		 46.61M 46.68M 47.16M 47.27M 47.08M 47.12M 47.40M 48.92M 48.51M 50.52M 50.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.69M 46.23M 46.30M 46.36M 46.38M 46.71M 46.76M 49.84M 49.88M 50.06M 50.09M
Normalized Net Operating Profit after Tax (NOPAT)		 48 63 56 61 67 60 65 75 75 73 90
Normalized NOPAT Margin		 10.32% 13.49% 11.11% 12.66% 12.62% 12.34% 11.77% 12.69% 11.83% 12.90% 13.32%
Pre Tax Income Margin		 8.88% 10.98% 12.05% 13.64% 14.60% 12.00% 12.65% 13.75% 16.44% 13.66% 15.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.51 6.18 5.70 6.41 8.00 5.63 5.42 6.96 13.56 10.08 12.49
NOPAT to Interest Expense		 5.20 6.35 4.36 5.03 5.95 4.83 4.17 5.57 9.11 8.69 10.14
EBIT Less CapEx to Interest Expense		 4.71 5.17 4.88 5.75 7.11 5.19 4.92 6.19 5.21 7.88 10.09
NOPAT Less CapEx to Interest Expense		 4.39 5.34 3.55 4.38 5.06 4.39 3.68 4.80 0.76 6.48 7.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

SPX Technologies’ latest quarter showed solid profitability, but cash flow was weighed down by a very large acquisition and a meaningful working-capital outflow. In Q1 2026, revenue rose to $566.8 million from $482.6 million in Q1 2025, while operating income improved to $87.7 million from $66.6 million. However, operating cash flow was only $30.6 million, and free cash flow was pressured by $439.6 million of acquisition spending, resulting in a sharp drop in cash and equivalents.

Over the last four years, SPXC has generally delivered strong top-line growth and higher earnings power. Quarterly revenue has climbed from about $399.8 million in Q1 2023 to $566.8 million in Q1 2026, and operating income has increased materially over the same period. Earnings per share have also improved versus 2023 levels, though quarterly volatility remains visible, especially around acquisition-related items and working capital swings.

  • Revenue grew 17.4% year over year in Q1 2026, showing continued demand and successful execution.
  • Operating income increased to $87.7 million in Q1 2026 from $66.6 million a year ago, indicating healthy operating leverage.
  • Gross profit rose to $230.6 million, with gross margin remaining strong at roughly 40.7% of revenue.
  • SPXC continued to generate positive operating cash flow in Q1 2026, despite working-capital pressure.
  • The company’s long-term earnings trend has improved versus 2023, when quarterly results were far more volatile and even included a loss in Q3 2023.
  • Long-term debt declined sharply year over year, from $872.0 million in Q1 2025 to $643.7 million in Q1 2026 before considering the new financing raised in the quarter.
  • Acquisition spending remains a major part of the story, and Q1 2026 included a $439.6 million acquisition outflow that distorts cash flow comparisons.
  • Goodwill and intangible assets have grown materially over time, reflecting the company’s acquisition strategy and increasing balance-sheet complexity.
  • Q1 2026 included discontinued operations losses of $4.5 million, which slightly reduced reported net income.
  • Cash and equivalents fell to $156.5 million at the end of Q1 2026 from $229.4 million at the end of Q3 2025, reflecting heavy investing activity and net cash outflow.

The biggest near-term concern is cash flow quality. Q1 2026 operating cash flow was only $30.6 million, and the business posted a net cash outflow of $207.7 million for the quarter. The main driver was investing activity, especially acquisitions, along with an $80.6 million negative swing in operating assets and liabilities. That suggests the company is still dealing with lumpiness in working capital and M&A integration.

Balance sheet leverage improved versus 2024, but debt is still meaningful. Total liabilities increased to $1.58 billion in Q1 2026 from $1.28 billion in Q3 2025, while equity also rose to $2.29 billion. Short-term debt was manageable at $30.3 million, but long-term debt stood at $643.7 million. That is not excessive relative to the asset base, but it does mean investors should keep an eye on acquisition funding and future debt paydown.

Overall, SPXC looks like a profitable growing industrial company with a strong operating trend, but investors should not ignore the cash flow volatility tied to acquisitions. The underlying business appears to be expanding, but the balance sheet and cash flow statement show that M&A remains a major swing factor.

08/10/26 03:03 PM ETAI Generated. May Contain Errors.

SPX Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SPX Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SPX Technologies' net income appears to be on an upward trend, with a most recent value of $244 million in 2025, falling from -$117 million in 2015. The previous period was $200.50 million in 2024. See SPX Technologies' forecast for analyst expectations on what's next for the company.

SPX Technologies' total operating income in 2025 was $350.40 million, based on the following breakdown:
  • Total Gross Profit: $917.70 million
  • Total Operating Expenses: $567.30 million

Over the last 10 years, SPX Technologies' total revenue changed from $1.56 billion in 2015 to $2.27 billion in 2025, a change of 45.3%.

SPX Technologies' total liabilities were at $1.35 billion at the end of 2025, a 2.7% increase from 2024, and a 27.7% decrease since 2015.

In the past 10 years, SPX Technologies' cash and equivalents has ranged from $54.60 million in 2019 to $388.20 million in 2021, and is currently $364 million as of their latest financial filing in 2025.

Over the last 10 years, SPX Technologies' book value per share changed from 8.46 in 2015 to 44.90 in 2025, a change of 430.4%.


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Financial statements for NYSE:SPXC last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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