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MARKETS / NYSE / SPXC
NYSE · METALWORKG MACHINERY & EQUIPMENT · LARGE CAP

SPX Technologies, Inc. SPXC

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.3B
▲ 14.2% YoY
$244.0M
▲ 21.7% YoY
$241.2M
▼ 2.7% YoY
In brief

What this company does

SPX Technologies, Inc. supplies engineered solutions to the HVAC and detection and measurement markets. As of December 31, 2025, the company had approximately 4,700 employees, with approximately 3,500 employed in the United States. It operates in 16 countries. Its operating segments are aggregated into two reportable segments, HVAC and Detection and Measurement. Legacy SPX was founded in Muskegon, Michigan in 1912 as the Piston Ring Company and adopted the name SPX Corporation in 1988.

Written from the business description in SPX Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.3B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income 0.2
2B4B2007201020132016201920222025
Compound annual growth
+15.7%
+15.0%
+3.8%
−3.9%
+968.5%
+19.8%
+18.4%
+1.4%
−9.1%
−5.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.0% a year over five years — but profit grew faster: net income at +19.8%, earnings per share at +18.4%.

The share count rose from 0.05B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 15.5% · Net 10.8%
10%20%30%-5%-10%2007201020132016201920222025
ROE
FY2025 · ROE 13.5%
20%40%-10%-20%2007201020132016201920222025

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 241.2
100M200M-80M2007201020132016201920222025
Net buybacks $M Dividends $M
FY2024 · Dividends — · Net buybacks 0.0
400MDividendsNet buybacks2007200920132015202020222024

Total assetsUSD 3.6B
EquityUSD 2.2B
CashUSD 364.0M
Gross debtUSD 500.2M
Net debtUSD 136.2M
Current ratio2.48×

Net debt stands at 6% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B2.32.01.71.51.21.11.11.51.41.51.61.72.04.94.34.14.25.84.5
Operating income $B0.40.30.20.10.10.10.10.10.10.1−0.1−0.20.0−0.10.20.30.40.50.4
EBITDA $B0.50.40.30.10.10.10.10.10.10.1−0.1−0.10.1−0.00.30.40.40.60.5
Income tax $B0.10.10.00.00.00.00.00.0−0.00.0−0.00.1−0.0−0.0−0.00.00.10.20.1
Net income $B0.20.20.10.00.40.10.10.10.1−0.1−0.10.40.20.20.20.20.00.20.3
Free cash flow $B0.20.20.2−0.20.20.10.10.10.0−0.0−0.10.10.1−0.00.20.2···
EPS, diluted $5.034.261.930.009.152.161.581.822.03−2.02−2.039.144.563.613.364.080.644.565.21
Dividend / sh $··········0.751.501.001.001.001.001.001.001.00
Payout %··········−5615····1592219
ROE %13.515.57.90.048.817.214.122.335.3−25.0−7.719.8··8.410.41.612.5·
Shares out B0.050.050.050.050.050.050.040.040.040.040.040.040.050.050.050.050.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 75 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMetalworkg Machinery & Equipment
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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