SPX Technologies (SPXC) Financials

$196.82 -3.65 (-1.82%)

As of 01:58 PM Eastern

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

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-20	32	49	44	50	57	51	52	63	78	60
Consolidated Net Income / (Loss)	-20	32	49	44	50	57	51	52	63	78	60
Net Income / (Loss) Continuing Operations	36	32	49	45	51	57	52	53	63	78	64
Total Pre-Tax Income	48	42	51	60	66	78	58	70	82	105	77
Total Operating Income	58	63	65	75	79	90	67	87	97	100	88
Total Gross Profit	169	188	183	201	198	218	196	229	240	253	231
Total Revenue	449	469	465	501	484	534	483	552	593	637	567
Operating Revenue	449	469	465	501	484	534	483	552	593	637	567
Total Cost of Revenue	280	282	282	301	286	316	287	324	353	384	336
Operating Cost of Revenue	280	282	282	301	286	316	287	324	353	384	336
Total Operating Expenses	111	125	118	126	119	128	129	142	142	153	143
Selling, General & Admin Expense	96	104	103	101	102	109	110	117	118	133	119
Amortization Expense	15	12	15	17	17	16	20	25	25	19	23
Other Special Charges / (Income)	0.00	0.80	0.60	-0.20	0.50	2.70	0.10	0.00	0.10	0.90	0.20
Total Other Income / (Expense), net	-9.60	-21	-14	-14	-13	-12	-8.70	-17	-16	4.70	-10
Interest Expense	10	9.20	9.80	13	12	11	12	16	14	8.20	8.40
Interest & Investment Income	0.80	0.20	0.30	0.30	0.60	0.90	0.90	1.00	1.10	1.80	1.10
Other Income / (Expense), net	-0.20	-12	-4.00	-1.70	-1.40	-2.20	2.70	-2.10	-3.20	11	-3.00
Income Tax Expense	12	10	1.90	15	15	21	6.20	17	18	27	13
Net Income / (Loss) Discontinued Operations	-56	-0.10	-0.20	-1.00	-0.70	0.60	-0.50	-0.30	-0.40	-0.30	-4.50
Basic Earnings per Share	($0.45)	$0.69	$1.07	$0.96	$1.08	$1.23	$1.10	$1.12	$1.30	$1.58	$1.20
Weighted Average Basic Shares Outstanding	45.61M	45.55M	45.83M	46.25M	46.31M	46.19M	46.45M	46.72M	48.17M	47.83M	49.92M
Diluted Earnings per Share	($0.44)	$0.68	$1.05	$0.94	$1.06	$1.21	$1.09	$1.10	$1.28	$1.56	$1.19
Weighted Average Diluted Shares Outstanding	46.75M	46.61M	46.68M	47.16M	47.27M	47.08M	47.12M	47.40M	48.92M	48.51M	50.52M
Weighted Average Basic & Diluted Shares Outstanding	45.65M	45.69M	46.23M	46.30M	46.36M	46.38M	46.71M	46.76M	49.84M	49.88M	50.06M

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	6.40	2.90	0.60	28	-3.60	32	21	-45	95	135	-208
Net Cash From Operating Activities	14	127	11	58	51	167	-11	43	107	195	31
Net Cash From Continuing Operating Activities	45	124	11	59	77	167	-10	43	107	196	30
Net Income / (Loss) Continuing Operations	36	32	49	45	51	57	52	53	63	78	64
Consolidated Net Income / (Loss)	-20	32	49	44	50	57	51	52	63	78	60
Net Income / (Loss) Discontinued Operations	-56	-0.10	-0.20	-1.00	-0.70	0.60	-0.50	-0.30	-0.40	-0.30	-4.50
Depreciation Expense	20	17	21	23	24	24	27	33	32	31	32
Amortization Expense	-	-	0.00	-	-	-	4.30	6.60	6.50	6.80	3.60
Non-Cash Adjustments To Reconcile Net Income	4.40	17	11	4.80	6.20	7.80	-42	7.00	8.70	-0.90	10
Changes in Operating Assets and Liabilities, net	-14	59	-70	-15	-3.60	79	-52	-55	-3.90	81	-81
Net Cash From Discontinued Operating Activities	-31	2.70	-0.20	-1.20	-26	-0.20	-0.50	-0.90	-0.30	-0.60	0.80
Net Cash From Investing Activities	-6.40	-9.00	-304	32	-5.80	-7.20	-307	-151	-41	-62	-396
Net Cash From Continuing Investing Activities	-6.40	-9.00	-304	32	-5.80	-7.20	-307	-151	-41	-62	-455
Purchase of Property, Plant & Equipment	-7.80	-7.40	-9.90	-10	-7.90	-9.80	-5.50	-7.70	-10	-69	-19
Acquisitions	-0.20	0.30	-294	-	2.10	-	-304	-144	2.40	0.30	-440
Other Investing Activities, net	1.60	-1.90	0.10	43	-	-1.00	3.00	0.10	-33	6.40	3.10
Net Cash From Discontinued Investing Activities	-	-	0.00	-	-	-	0.00	-	-	-	59
Net Cash From Financing Activities	-1.10	-116	293	-62	-54	-124	336	60	29	0.90	158
Net Cash From Continuing Financing Activities	-1.10	-116	293	-62	-54	-124	336	60	29	0.90	158
Repayment of Debt	-53	-231	-327	-149	-176	47	-183	-70	-1,124	-	-128
Issuance of Debt	51	115	622	85	120	-170	528	129	601	-	301
Other Financing Activities, net	0.90	0.20	-3.00	2.10	2.00	-0.20	-9.80	0.70	0.80	0.90	-15
Net Cash From Discontinued Financing Activities	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Effect of Exchange Rate Changes	-	-	-	-	-	-	2.60	-	-	-	-0.10

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	10/1/2022	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
Total Assets	2,483	2,021	2,502	2,473	2,800	2,783	2,806	3,138	3,307	3,446	3,880
Total Current Assets	838	820	739	769	780	809	828	907	921	1,064	1,013
Cash & Equivalents	183	205	87	101	101	128	125	178	133	229	157
Accounts Receivable	266	275	282	305	318	326	339	320	364	386	392
Inventories, net	265	266	300	292	295	293	298	308	322	331	342
Other Current Assets	123	74	71	72	66	62	66	101	102	118	123
Plant, Property, & Equipment, net	107	110	135	135	217	219	224	224	227	227	307
Plant, Property & Equipment, gross	304	315	344	348	434	440	451	457	465	472	556
Accumulated Depreciation	197	204	209	213	217	221	227	233	238	244	249
Total Noncurrent Assets	1,538	1,091	1,628	1,569	1,803	1,756	1,746	1,999	2,151	2,148	2,554
Goodwill	449	458	680	675	845	845	854	950	1,041	1,036	1,245
Intangible Assets	404	396	706	688	761	743	731	854	915	888	1,051
Noncurrent Deferred & Refundable Income Taxes	25	2.60	3.10	3.20	4.00	3.50	2.30	2.60	2.50	2.50	2.10
Other Noncurrent Operating Assets	661	235	239	203	194	165	158	193	193	221	255
Total Liabilities & Shareholders' Equity	2,483	2,021	2,502	2,473	2,800	2,783	2,806	3,138	3,307	3,446	3,880
Total Liabilities	1,403	895	1,329	1,326	1,562	1,499	1,434	1,681	1,760	1,284	1,580
Total Current Liabilities	374	394	490	494	695	633	446	483	468	431	481
Short-Term Debt	2.30	72	143	144	338	280	73	88	69	1.80	30
Accounts Payable	125	120	131	132	151	128	139	149	140	158	165
Accrued Expenses	195	121	131	147	126	151	161	145	166	174	160
Current Deferred Revenue	-	-	-	-	-	-	61	80	77	85	115
Current Deferred & Payable Income Tax Liabilities	6.80	14	14	4.00	6.50	12	13	20	16	12	11
Total Noncurrent Liabilities	1,028	501	839	832	867	866	1,002	1,211	1,305	866	1,113
Long-Term Debt	245	242	533	530	517	510	665	872	950	500	644
Noncurrent Deferred & Payable Income Tax Liabilities	26	31	76	63	110	103	107	98	119	134	203
Other Noncurrent Operating Liabilities	758	229	231	240	241	253	215	228	223	219	252
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	1,080	1,126	1,173	1,147	1,238	1,284	1,358	1,443	1,533	2,148	2,285
Total Preferred & Common Equity	1,080	1,126	1,173	1,147	1,238	1,284	1,358	1,443	1,533	2,148	2,285
Total Common Equity	1,080	1,126	1,173	1,147	1,238	1,284	1,358	1,443	1,533	2,148	2,285
Common Stock	1,332	1,336	1,342	1,349	1,352	1,360	1,368	1,365	1,372	1,931	1,928
Retained Earnings	-24	-8.80	27	6.80	87	132	182	290	342	405	543
Treasury Stock	-466	-460	-459	-459	-453	-452	-452	-445	-445	-445	-439
Accumulated Other Comprehensive Income / (Loss)	237	259	263	251	251	245	260	233	264	257	254

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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,876,887.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,876,887.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.11%	9.34%	16.36%	18.43%	7.80%	13.70%	3.74%	10.19%	22.56%	19.41%	17.45%
EBITDA Growth	221.67%	725.00%	29.52%	43.09%	30.83%	65.48%	23.28%	28.35%	31.49%	33.12%	19.68%
EBIT Growth	352.76%	349.75%	15.87%	42.11%	34.78%	73.57%	14.36%	15.91%	21.16%	26.36%	22.22%
NOPAT Growth	-8.15%	374.34%	60.99%	30.99%	42.09%	36.82%	-4.39%	16.51%	23.55%	14.17%	22.70%
Net Income Growth	-758.06%	215.38%	14.49%	22.78%	346.08%	81.27%	4.49%	18.10%	24.90%	36.43%	16.99%
EPS Growth	-728.57%	213.33%	14.13%	22.08%	340.91%	77.94%	3.81%	17.02%	20.75%	28.93%	9.17%
Operating Cash Flow Growth	202.86%	580.99%	338.64%	-20.14%	256.94%	31.62%	-203.81%	-26.09%	107.20%	17.24%	380.73%
Free Cash Flow Firm Growth	-121.73%	-81.96%	-588.05%	77.75%	63.35%	70.09%	74.04%	-220.95%	-92.45%	-260.97%	-181.48%
Invested Capital Growth	50.45%	40.34%	61.22%	10.50%	14.91%	11.69%	12.03%	24.63%	22.85%	29.04%	26.00%
Revenue Q/Q Growth	6.00%	4.61%	-0.89%	7.76%	-3.51%	10.34%	-9.57%	14.46%	7.31%	7.51%	-11.06%
EBITDA Q/Q Growth	14.71%	-12.56%	20.89%	18.01%	4.88%	10.59%	-9.94%	22.86%	7.44%	11.97%	-19.03%
EBIT Q/Q Growth	12.09%	-11.83%	19.53%	20.30%	6.31%	13.55%	-21.25%	21.93%	11.12%	18.42%	-23.83%
NOPAT Q/Q Growth	0.48%	11.66%	30.08%	-10.24%	9.00%	7.51%	-9.10%	9.37%	15.58%	-0.65%	-2.31%
Net Income Q/Q Growth	-156.67%	254.41%	55.56%	-9.80%	13.57%	13.75%	-10.33%	1.95%	20.11%	24.24%	-23.11%
EPS Q/Q Growth	-157.14%	254.55%	54.41%	-10.48%	12.77%	14.15%	-9.92%	0.92%	16.36%	21.88%	-23.72%
Operating Cash Flow Q/Q Growth	-80.00%	778.47%	-91.70%	447.62%	-10.61%	223.93%	-106.55%	489.91%	150.59%	83.29%	-84.32%
Free Cash Flow Firm Q/Q Growth	7.97%	19.93%	-62.35%	81.40%	-51.58%	34.64%	-40.86%	-129.97%	9.11%	-22.60%	-9.84%
Invested Capital Q/Q Growth	-2.34%	-3.86%	20.44%	-2.28%	1.56%	-6.56%	20.80%	8.71%	0.12%	-1.85%	17.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.58%	40.03%	39.32%	40.06%	40.85%	40.87%	40.59%	41.44%	40.40%	39.76%	40.68%
EBITDA Margin	17.21%	14.38%	17.54%	19.21%	20.88%	20.93%	20.85%	22.38%	22.40%	23.33%	21.24%
Operating Margin	12.86%	13.44%	13.89%	14.88%	16.31%	16.90%	13.80%	15.68%	16.38%	15.71%	15.47%
EBIT Margin	12.81%	10.80%	13.03%	14.54%	16.02%	16.49%	14.36%	15.30%	15.84%	17.45%	14.94%
Profit (Net Income) Margin	-4.55%	6.71%	10.53%	8.82%	10.38%	10.70%	10.61%	9.45%	10.58%	12.22%	10.57%
Tax Burden Percent	-42.41%	75.54%	95.89%	73.18%	76.06%	73.30%	88.43%	74.68%	76.93%	74.33%	77.39%
Interest Burden Percent	83.65%	82.25%	84.32%	82.85%	85.16%	88.52%	83.55%	82.72%	86.79%	94.24%	91.38%
Effective Tax Rate	25.78%	24.22%	3.72%	25.17%	22.88%	27.47%	10.71%	24.89%	22.58%	25.38%	16.80%
Return on Invested Capital (ROIC)	11.34%	12.53%	14.97%	11.32%	13.07%	13.90%	11.68%	11.06%	12.45%	12.55%	12.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.53%	6.68%	11.91%	9.46%	11.28%	12.09%	10.61%	9.40%	9.67%	13.61%	10.01%
Return on Net Nonoperating Assets (RNNOA)	-2.44%	1.64%	4.35%	4.82%	5.36%	4.32%	6.10%	5.19%	2.48%	2.28%	3.52%
Return on Equity (ROE)	8.90%	14.17%	19.32%	16.14%	18.43%	18.21%	17.78%	16.25%	14.92%	14.84%	15.52%
Cash Return on Invested Capital (CROIC)	-33.55%	-21.40%	-34.73%	1.29%	-1.60%	2.87%	0.10%	-10.45%	-8.46%	-12.41%	-11.60%
Operating Return on Assets (OROA)	8.80%	8.61%	9.76%	10.37%	11.65%	12.69%	9.68%	10.31%	10.95%	12.51%	10.01%
Return on Assets (ROA)	-3.12%	5.35%	7.89%	6.29%	7.55%	8.24%	7.15%	6.37%	7.31%	8.76%	7.08%
Return on Common Equity (ROCE)	8.90%	14.17%	19.32%	16.14%	18.43%	18.21%	17.78%	16.25%	14.92%	14.84%	15.52%
Return on Equity Simple (ROE_SIMPLE)	2.71%	0.00%	7.77%	8.12%	12.88%	0.00%	14.04%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	43	48	62	56	61	65	59	65	75	75	73
NOPAT Margin	9.54%	10.19%	13.37%	11.14%	12.58%	12.26%	12.32%	11.77%	12.68%	11.72%	12.87%
Net Nonoperating Expense Percent (NNEP)	19.87%	5.85%	3.06%	1.86%	1.79%	1.81%	1.07%	1.65%	2.78%	-1.06%	1.99%
Return On Investment Capital (ROIC_SIMPLE)	-	2.73%	-	-	-	3.27%	2.47%	2.55%	2.84%	2.73%	2.47%
Cost of Revenue to Revenue	62.42%	59.97%	60.68%	59.94%	59.15%	59.13%	59.41%	58.56%	59.60%	60.24%	59.32%
SG&A Expenses to Revenue	21.46%	22.05%	22.12%	20.19%	21.00%	20.40%	22.69%	21.22%	19.85%	20.90%	21.07%
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	24.72%	26.59%	25.43%	25.17%	24.54%	23.96%	26.79%	25.76%	24.02%	24.05%	25.21%
Earnings before Interest and Taxes (EBIT)	58	51	61	73	78	88	69	85	94	111	85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	68	82	96	101	112	101	124	133	149	120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.24	3.86	4.54	5.12	5.42	4.87	4.16	5.09	3.98	4.46	4.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38.19	30.59	0.00
Price to Revenue (P/Rev)	2.18	2.65	3.11	3.49	3.84	3.40	3.00	3.80	3.96	4.40	4.25
Price to Earnings (P/E)	119.33	51.29	58.49	63.00	42.10	33.65	29.62	37.05	38.33	40.86	39.48
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	0.84%	1.95%	1.71%	1.59%	2.38%	2.97%	3.38%	2.70%	2.61%	2.45%	2.53%
Enterprise Value to Invested Capital (EV/IC)	2.49	3.07	3.20	3.72	4.04	3.90	3.04	3.58	3.64	4.24	3.73
Enterprise Value to Revenue (EV/Rev)	2.52	2.91	3.53	3.84	4.15	3.63	3.39	4.24	4.08	4.46	4.47
Enterprise Value to EBITDA (EV/EBITDA)	21.78	18.44	21.71	22.42	23.02	18.44	16.74	20.41	19.56	19.99	19.97
Enterprise Value to EBIT (EV/EBIT)	30.43	23.94	28.96	29.93	30.48	24.09	22.05	27.23	26.29	28.16	28.03
Enterprise Value to NOPAT (EV/NOPAT)	44.42	29.42	32.53	34.63	35.15	29.57	28.07	34.63	33.27	36.91	36.49
Enterprise Value to Operating Cash Flow (EV/OCF)	76.91	24.32	28.53	34.63	32.44	25.20	25.66	34.84	28.98	30.33	28.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	301.99	0.00	143.22	3,115.07	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.47	0.69	0.62	0.54	0.44	0.67	0.66	0.23	0.22	0.29
Long-Term Debt to Equity	0.46	0.44	0.42	0.40	0.49	0.42	0.60	0.62	0.23	0.22	0.28
Financial Leverage	0.29	0.25	0.37	0.51	0.48	0.36	0.58	0.55	0.26	0.17	0.35
Leverage Ratio	2.23	1.92	2.04	2.15	2.11	2.00	2.21	2.16	1.78	1.74	1.88
Compound Leverage Factor	1.86	1.58	1.72	1.78	1.79	1.77	1.85	1.79	1.55	1.64	1.72
Debt to Total Capital	37.01%	31.85%	40.84%	38.10%	35.20%	30.75%	39.95%	39.93%	18.93%	18.31%	22.77%
Short-Term Debt to Total Capital	7.91%	2.01%	16.15%	13.52%	3.46%	1.89%	3.67%	2.70%	0.07%	0.18%	1.02%
Long-Term Debt to Total Capital	29.10%	29.84%	24.70%	24.58%	31.74%	28.86%	36.28%	37.23%	18.86%	18.13%	21.75%
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	62.99%	68.15%	59.16%	61.90%	64.80%	69.25%	60.05%	60.07%	81.07%	81.69%	77.23%
Debt to EBITDA	3.43	2.03	2.91	2.45	2.13	1.57	2.37	2.39	1.11	0.99	1.28
Net Debt to EBITDA	2.91	1.67	2.57	2.05	1.77	1.17	1.93	2.08	0.60	0.27	0.98
Long-Term Debt to EBITDA	2.69	1.90	1.76	1.58	1.92	1.48	2.15	2.23	1.11	0.98	1.22
Debt to NOPAT	6.99	3.24	4.36	3.78	3.25	2.52	3.97	4.06	1.89	1.83	2.34
Net Debt to NOPAT	5.94	2.66	3.85	3.17	2.70	1.88	3.24	3.53	1.03	0.50	1.80
Long-Term Debt to NOPAT	5.49	3.04	2.64	2.44	2.93	2.37	3.61	3.79	1.88	1.81	2.24
Altman Z-Score	2.58	3.18	2.96	3.54	4.11	4.20	3.15	3.68	5.10	5.57	4.83
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	1.56	1.77	1.12	1.28	1.85	1.88	1.88	1.97	2.47	2.48	2.11
Quick Ratio	0.82	0.95	0.60	0.72	1.04	1.12	1.03	1.06	1.43	1.56	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-534	-427	-694	-129	-196	-128	-180	-414	-377	-462	-507
Operating Cash Flow to CapEx	184.62%	1,709.46%	106.06%	552.88%	650.63%	1,698.98%	-198.18%	551.95%	1,024.04%	284.96%	165.41%
Free Cash Flow to Firm to Interest Expense	-52.34	-46.47	-70.82	-10.08	-16.17	-11.63	-14.64	-26.55	-27.89	-56.29	-60.36
Operating Cash Flow to Interest Expense	1.41	13.75	1.07	4.49	4.25	15.14	-0.89	2.72	7.89	23.80	3.64
Operating Cash Flow Less CapEx to Interest Expense	0.65	12.95	0.06	3.68	3.60	14.25	-1.33	2.23	7.12	15.45	1.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.80	0.75	0.71	0.73	0.77	0.67	0.67	0.69	0.72	0.67
Accounts Receivable Turnover	5.96	6.41	6.10	6.21	5.96	6.69	6.28	5.95	5.96	6.75	6.61
Inventory Turnover	3.80	4.11	3.94	3.86	3.91	4.33	3.94	3.94	4.07	4.70	4.29
Fixed Asset Turnover	14.05	13.91	11.03	10.67	10.69	11.07	9.08	9.21	9.58	8.90	8.85
Accounts Payable Turnover	8.23	8.81	8.13	8.83	8.49	9.60	7.92	9.03	8.61	9.86	8.91
Days Sales Outstanding (DSO)	61.24	56.94	59.85	58.82	61.24	54.59	58.11	61.33	61.25	54.05	55.24
Days Inventory Outstanding (DIO)	96.14	88.71	92.74	94.46	93.47	84.39	92.59	92.55	89.74	77.64	84.99
Days Payable Outstanding (DPO)	44.36	41.43	44.88	41.34	43.01	38.03	46.11	40.43	42.38	37.02	40.97
Cash Conversion Cycle (CCC)	113.01	104.22	107.71	111.94	111.70	100.95	104.59	113.45	108.62	94.67	99.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,720	1,654	1,991	1,946	1,976	1,847	2,231	2,425	2,428	2,383	2,811
Invested Capital Turnover	1.19	1.23	1.12	1.02	1.04	1.13	0.95	0.94	0.98	1.07	0.93
Increase / (Decrease) in Invested Capital	577	475	756	185	257	193	240	479	452	536	580
Enterprise Value (EV)	4,284	5,070	6,375	7,233	7,976	7,204	6,786	8,693	8,827	10,108	10,493
Market Capitalization	3,711	4,611	5,621	6,571	7,363	6,746	6,003	7,807	8,554	9,970	9,975
Book Value per Share	$25.16	$26.17	$27.00	$27.77	$29.34	$29.86	$31.12	$32.83	$45.94	$44.90	$45.82
Tangible Book Value per Share	($4.74)	($4.18)	($8.02)	($6.57)	($4.90)	($3.30)	($7.77)	($9.04)	$4.79	$6.54	($0.22)
Total Capital	1,821	1,753	2,092	2,074	2,096	1,999	2,404	2,553	2,650	2,739	2,959
Total Debt	674	558	854	790	738	615	960	1,019	502	502	674
Total Long-Term Debt	530	523	517	510	665	577	872	950	500	497	644
Net Debt	573	459	754	662	613	458	783	887	272	138	518
Capital Expenditures (CapEx)	7.80	7.40	9.90	10	7.90	9.80	5.50	7.70	10	69	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	318	244	322	328	329	247	334	389	406	324	406
Debt-free Net Working Capital (DFNWC)	419	344	423	456	454	404	512	522	635	688	562
Net Working Capital (NWC)	275	308	85	175	381	366	424	453	634	683	532
Net Nonoperating Expense (NNE)	63	16	13	12	11	8.32	8.27	13	12	-3.21	13
Net Nonoperating Obligations (NNO)	573	459	754	662	618	462	788	892	280	146	526
Total Depreciation and Amortization (D&A)	20	17	21	23	24	24	31	39	39	38	36
Debt-free, Cash-free Net Working Capital to Revenue	18.70%	14.02%	17.83%	17.39%	17.14%	12.44%	16.71%	18.94%	18.78%	14.28%	17.26%
Debt-free Net Working Capital to Revenue	24.63%	19.73%	23.39%	24.19%	23.65%	20.35%	25.59%	25.41%	29.39%	30.35%	23.93%
Net Working Capital to Revenue	16.16%	17.71%	4.69%	9.31%	19.86%	18.45%	21.18%	22.05%	29.31%	30.14%	22.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.45)	$0.69	$1.07	$0.96	$1.08	$1.23	$1.10	$1.12	$1.30	$1.58	$1.20
Adjusted Weighted Average Basic Shares Outstanding	45.61M	45.55M	45.83M	46.25M	46.31M	46.19M	46.45M	46.72M	48.17M	47.83M	49.92M
Adjusted Diluted Earnings per Share	($0.44)	$0.68	$1.05	$0.94	$1.06	$1.21	$1.09	$1.10	$1.28	$1.56	$1.19
Adjusted Weighted Average Diluted Shares Outstanding	46.75M	46.61M	46.68M	47.16M	47.27M	47.08M	47.12M	47.40M	48.92M	48.51M	50.52M
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	45.65M	45.69M	46.23M	46.30M	46.36M	46.38M	46.71M	46.76M	49.84M	49.88M	50.06M
Normalized Net Operating Profit after Tax (NOPAT)	43	48	63	56	61	67	60	65	75	75	73
Normalized NOPAT Margin	9.54%	10.32%	13.49%	11.11%	12.66%	12.62%	12.34%	11.77%	12.69%	11.83%	12.90%
Pre Tax Income Margin	10.72%	8.88%	10.98%	12.05%	13.64%	14.60%	12.00%	12.65%	13.75%	16.44%	13.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.64	5.51	6.18	5.70	6.41	8.00	5.63	5.42	6.96	13.56	10.08
NOPAT to Interest Expense	4.20	5.20	6.35	4.36	5.03	5.95	4.83	4.17	5.57	9.11	8.69
EBIT Less CapEx to Interest Expense	4.87	4.71	5.17	4.88	5.75	7.11	5.19	4.92	6.19	5.21	7.88
NOPAT Less CapEx to Interest Expense	3.43	4.39	5.34	3.55	4.38	5.06	4.39	3.68	4.80	0.76	6.48
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 (SPXC) has shown a generally positive, growth-oriented trend across the last four years based on quarterly data. Below are the 10 most important observations for retail investors, drawn from the company’s income statements, cash flow statements, and balance sheets (in USD, figures shown where helpful).

Revenue growth: Operating revenue rose from about 429.3 million in 2022 Q4 to 469.4 million in 2023 Q4, 533.7 million in 2024 Q4, and 637.3 million in 2025 Q4, indicating sustained top‑line expansion over the period.
Gross margin remains solid and relatively stable: Total gross profit grew from roughly 162.2 million (2022 Q4) to 187.9 million (2023 Q4), 218.1 million (2024 Q4), and 253.4 million (2025 Q4), suggesting consistent profitability as scale increases.
Net income attributable to common shareholders turned positive and improved: After a loss in 2022, net income to common shareholders rose to about 31.5 million (2023 Q4), 57.1 million (2024 Q4), and 77.9 million (2025 Q4), signaling meaningful earnings accretion.
Earnings per share trending higher: Basic and diluted EPS increased notably over time (e.g., basic EPS around 0.69 in 2023 Q4 to 1.58 in 2025 Q4; diluted similarly improving), indicating stronger per-share profitability.
Operating cash flow improved and expanded: Net cash from continuing operating activities swung from negative in 2022 to positive and growing, with about 106.5 million in 2023 Q4, 166.5 million in 2024 Q4, and 195.2 million in 2025 Q4, underscoring stronger cash generation reliability.
Debt deleveraging: Long‑term debt declined to about 499.8 million by 2025 Q4 from higher levels earlier in the period, aided by ongoing balance-sheet repair; short‑term debt remains modest.
Equity base expanded: Total common equity climbed to roughly 2.15 billion by 2025 Q3, supported by retained earnings and AOCI components, reflecting a stronger, higher‑quality balance sheet.
Cash balance and liquidity held steady: Cash and cash equivalents generally sit in the low hundreds of millions range across the period, with favorable net cash changes in late 2024–2025, contributing to liquidity resilience.
Discontinued operations and one-off items contribute to quarterly earnings volatility: Net income from discontinued operations and occasional special items vary by quarter, which can temper headline results on a near-term basis but appear less impactful on a longer-term trend.
Investing activity remains measured relative to cash flow: Purchases of PPE and acquisitions occur but are modest compared with cash from operations, suggesting selective capacity and growth investments rather than aggressive capital spending.

05/19/26 01:59 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' fiscal year ends in December. Their fiscal 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. Check out SPX Technologies' forecast to explore projected trends and price targets.

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 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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SPX Technologies (SPXC) Financials

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