SPX Technologies (SPXC)

NYSE Industrials Industrial Machinery & Supplies & Components S&P MidCap 400

$142.71

+4.17 (+3.01%)

Close of Nov 06, 2026 · end-of-day data

Source: SPX Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.47B	$1.43B	$1.51B	$1.12B	$1.13B	$1.22B	$1.46B	$1.74B	$1.98B	$2.27B
Cost of revenue	$1.10B	$1.10B	$1.10B	$721.60M	$732.60M	$787.70M	$937.00M	$1.07B	$1.18B	$1.35B
Gross profit	$375.80M	$330.20M	$410.00M	$402.00M	$395.50M	$431.80M	$523.90M	$670.00M	$799.40M	$917.70M
Research & development	$29.10M	$23.30M	$22.90M	$24.30M	$28.10M	$30.70M	$39.10M	$43.20M	$45.90M	$54.00M
Selling, general & admin	$286.00M	$277.20M	$289.10M	$275.80M	$272.50M	$309.60M	$355.70M	$394.40M	$414.60M	$477.60M
Operating income	$70.00M	$59.90M	$112.50M	$114.00M	$96.90M	$73.70M	$51.00M	$221.90M	$308.30M	$350.40M
Interest expense	$14.80M	$17.10M	$21.50M	$21.00M	$18.40M	$13.10M	$9.30M	$27.20M	$45.70M	$48.10M
Pre-tax income	$39.40M	$36.10M	$84.50M	$88.80M	$78.60M	$69.90M	$27.10M	$186.30M	$255.40M	$314.10M
Income tax	$9.10M	-$47.90M	$2.60M	$12.50M	$4.80M	$10.90M	$7.30M	$41.60M	$53.60M	$68.60M
Net income	-$67.20M	$89.30M	$81.20M	$65.30M	$99.00M	$425.40M	$200.00K	$89.90M	$200.50M	$244.00M
EBITDA	$96.50M	$85.10M	$140.40M	$138.40M	$128.80M	$116.00M	$97.40M	$285.10M	$399.90M	$473.00M
EPS (basic)	$-2.05	$2.11	$1.89	$1.61	$2.22	$9.39	$0.00	$1.97	$4.34	$5.10
EPS (diluted)	$-2.02	$2.03	$1.82	$1.58	$2.16	$9.15	$0.00	$1.93	$4.26	$5.03
Diluted shares	42.16M	43.91M	44.66M	44.96M	45.77M	46.49M	46.22M	46.61M	47.08M	48.51M
Gross margin	25.5%	23.2%	27.1%	35.8%	35.1%	35.4%	35.9%	38.5%	40.3%	40.5%
Operating margin	4.8%	4.2%	7.4%	10.1%	8.6%	6.0%	3.5%	12.7%	15.5%	15.5%
Net margin	-4.6%	6.3%	5.4%	5.8%	8.8%	34.9%	0.0%	5.2%	10.1%	10.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$99.60M	$124.30M	$68.50M	$50.70M	$64.00M	$388.20M	$147.80M	$99.40M	$156.90M	$364.00M
Receivables	$251.70M	$267.50M	$269.10M	$264.80M	$210.80M	$223.40M	$263.50M	$279.80M	$313.60M	$357.20M
Inventory	$145.70M	$143.00M	$128.80M	$154.90M	$155.00M	$189.80M	$244.00M	$276.70M	$271.00M	$302.20M
Total current assets	$527.60M	$632.50M	$598.40M	$632.10M	$675.10M	$903.40M	$721.10M	$709.60M	$784.30M	$1.14B
Goodwill	$340.40M	$345.90M	$394.40M	$318.00M	$368.60M	$457.30M	$455.30M	$704.80M	$834.50M	$1.04B
Total assets	$1.91B	$2.04B	$2.06B	$2.17B	$2.33B	$2.63B	$1.93B	$2.44B	$2.71B	$3.60B
Total current liabilities	$476.30M	$461.00M	$470.20M	$608.60M	$572.10M	$439.50M	$333.80M	$401.20M	$418.30M	$461.10M
Short-term debt	$17.90M	$500.00K	$18.00M	$1.00M	$7.20M	$13.00M	$2.00M	$17.30M	$27.60M	$3.50M
Long-term debt	$323.50M	$349.30M	$331.90M	$249.90M	$304.00M	$230.80M	$243.00M	$523.10M	$577.00M	$496.70M
Total debt	$341.40M	$349.80M	$349.90M	$250.90M	$311.20M	$243.80M	$245.00M	$540.40M	$604.60M	$500.20M
Total liabilities	$1.72B	$1.73B	$1.64B	$1.62B	$1.69B	$1.53B	$851.70M	$1.25B	$1.33B	$1.37B
Shareholders' equity	$191.60M	$314.70M	$414.90M	$511.50M	$640.10M	$1.10B	$1.08B	$1.19B	$1.38B	$2.24B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$1.20M	$46.90M	$110.60M	$148.60M	$126.30M	$174.60M	-$136.80M	$208.50M	$285.90M	$333.30M
Capital expenditures	$11.70M	$11.00M	$12.40M	$13.50M	$15.30M	$9.60M	$15.90M	$23.90M	$38.00M	$92.10M
Free cash flow	-$12.90M	$35.90M	$98.20M	$135.10M	$111.00M	$165.00M	-$152.70M	$184.60M	$247.90M	$241.20M
Investing cash flow	$13.20M	-$10.60M	-$180.60M	-$153.70M	-$126.10M	$314.10M	-$66.10M	-$570.20M	-$284.50M	-$561.00M
Financing cash flow	-$20.50M	-$6.20M	$16.80M	-$11.10M	$15.90M	-$167.60M	-$38.90M	$309.60M	$53.10M	$425.50M
Share buybacks	$0	—	—	—	$0	$0	$33.70M	$0	$0	—
Stock-based compensation	$13.70M	$15.80M	$15.50M	$12.60M	$13.10M	$12.80M	$10.90M	$13.40M	$15.00M	$16.70M
Depreciation & amortization	$26.50M	$25.20M	$27.90M	$24.40M	$31.90M	$42.30M	$46.40M	$63.20M	$91.60M	$122.60M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$469.40M	$465.20M	$501.30M	$483.70M	$533.70M	$482.60M	$552.40M	$592.80M	$637.30M	$566.80M	$679.00M	$714.50M
Cost of revenue	$281.50M	$282.30M	$300.50M	$286.10M	$315.60M	$286.70M	$323.50M	$353.30M	$383.90M	$336.20M	$406.20M	$435.00M
Gross profit	$187.90M	$182.90M	$200.80M	$197.60M	$218.10M	$195.90M	$228.90M	$239.50M	$253.40M	$230.60M	$272.80M	$279.50M
Selling, general & admin	$103.50M	$102.90M	$101.20M	$101.60M	$108.90M	$109.50M	$117.20M	$117.70M	$133.20M	$119.40M	$129.90M	$132.70M
Operating income	$63.10M	$64.60M	$74.60M	$78.90M	$90.20M	$66.60M	$86.60M	$97.10M	$100.10M	$87.70M	$115.00M	$115.30M
Interest expense	$9.20M	$9.80M	$12.80M	$12.10M	$11.00M	$12.30M	$15.60M	$12.00M	$8.20M	$8.40M	$8.80M	$11.10M
Pre-tax income	$41.70M	$51.10M	$60.40M	$66.00M	$77.90M	$57.90M	$69.90M	$81.50M	$104.80M	$77.40M	$102.20M	$106.30M
Income tax	$10.10M	$1.90M	$15.20M	$15.10M	$21.40M	$6.20M	$17.40M	$18.40M	$26.60M	$13.00M	$22.90M	$24.00M
Net income	$31.50M	$49.00M	$44.20M	$50.20M	$57.10M	$51.20M	$52.20M	$62.70M	$77.90M	$59.90M	$78.40M	$81.90M
EBITDA	$79.90M	$85.60M	$98.00M	$102.40M	$113.90M	$93.60M	$119.10M	$129.50M	$130.80M	$119.80M	$150.70M	$156.70M
EPS (basic)	$0.69	$1.07	$0.96	$1.08	$1.23	$1.10	$1.12	$1.30	$1.57	$1.20	$1.57	$1.64
EPS (diluted)	$0.68	$1.05	$0.94	$1.06	$1.21	$1.09	$1.10	$1.28	$1.55	$1.19	$1.55	$1.62
Diluted shares	52.00K	46.68M	47.16M	47.27M	75.00K	47.12M	47.40M	48.92M	717.00K	50.52M	50.67M	50.65M
Gross margin	40.0%	39.3%	40.1%	40.9%	40.9%	40.6%	41.4%	40.4%	39.8%	40.7%	40.2%	39.1%
Operating margin	13.4%	13.9%	14.9%	16.3%	16.9%	13.8%	15.7%	16.4%	15.7%	15.5%	16.9%	16.1%
Net margin	6.7%	10.5%	8.8%	10.4%	10.7%	10.6%	9.4%	10.6%	12.2%	10.6%	11.5%	11.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$99.40M	$100.50M	$128.10M	$124.80M	$156.90M	$177.80M	$132.80M	$229.40M	$364.00M	$156.50M	$166.40M	$119.20M
Receivables	$279.80M	$317.60M	$325.90M	$339.40M	$313.60M	$319.60M	$363.80M	$386.00M	$357.20M	$391.50M	$442.40M	$476.60M
Inventory	$276.70M	$295.10M	$292.70M	$297.70M	$271.00M	$308.10M	$321.90M	$331.30M	$302.20M	$342.40M	$374.00M	$422.90M
Total current assets	$709.60M	$779.60M	$808.70M	$827.60M	$784.30M	$906.80M	$920.60M	$1.06B	$1.14B	$1.01B	$1.10B	$1.16B
Goodwill	$704.80M	$844.50M	$845.00M	$854.30M	$834.50M	$950.00M	$1.04B	$1.04B	$1.04B	$1.25B	$1.23B	$1.61B
Total assets	$2.44B	$2.80B	$2.78B	$2.81B	$2.71B	$3.14B	$3.31B	$3.45B	$3.60B	$3.88B	$3.94B	$4.85B
Total current liabilities	$401.20M	$694.80M	$633.30M	$446.30M	$418.30M	$482.90M	$468.00M	$430.90M	$461.10M	$481.20M	$604.10M	$627.30M
Short-term debt	$17.30M	$20.80M	$24.10M	$24.20M	$27.60M	$27.60M	$27.60M	$400.00K	$3.50M	$6.70M	$9.90M	$13.00M
Long-term debt	$523.10M	$516.60M	$509.90M	$665.20M	$577.00M	$872.00M	$950.30M	$499.80M	$496.70M	$643.70M	$530.50M	$1.25B
Total debt	$540.40M	$537.40M	$534.00M	$689.40M	$604.60M	$899.60M	$977.90M	$500.20M	$500.20M	$650.40M	$540.40M	$1.26B
Total liabilities	$1.25B	$1.56B	$1.50B	$1.45B	$1.33B	$1.69B	$1.77B	$1.30B	$1.37B	$1.59B	$1.59B	$2.41B
Shareholders' equity	$1.19B	$1.24B	$1.28B	$1.36B	$1.38B	$1.44B	$1.53B	$2.15B	$2.24B	$2.29B	$2.35B	$2.45B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$126.50M	$10.50M	$57.50M	$51.40M	$166.50M	-$10.90M	$42.50M	$106.50M	$195.20M	$30.60M	$89.60M	$59.30M
Capital expenditures	$7.40M	$9.90M	$10.40M	$7.90M	$9.80M	$5.50M	$7.70M	$10.40M	$68.50M	$18.50M	$21.10M	$40.00M
Free cash flow	$119.10M	$600.00K	$47.10M	$43.50M	$156.70M	-$16.40M	$34.80M	$96.10M	$126.70M	$12.10M	$68.50M	$19.30M
Investing cash flow	-$9.00M	-$303.90M	$32.40M	-$5.80M	-$7.20M	-$306.60M	-$151.20M	-$41.40M	-$61.80M	-$395.80M	-$20.90M	-$825.10M
Financing cash flow	-$115.50M	$292.70M	-$62.20M	-$53.60M	-$123.80M	$335.70M	$59.60M	$29.30M	$900.00K	$157.60M	-$59.30M	$719.40M
Share buybacks	$0	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	$3.40M	$3.30M	$3.70M	$4.00M	$4.00M	$3.70M	$3.90M	$4.20M	$4.90M	$3.70M	$4.30M	$4.30M
Depreciation & amortization	$16.80M	$21.00M	$23.40M	$23.50M	$23.70M	$27.00M	$32.50M	$32.40M	$30.70M	$32.10M	$35.70M	$41.40M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.