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Stocks · Industrials · Metalworkg Machinery & Equipment

SPX Technologies, Inc.

SPXC Clue Score67
United States Fiscal year ends December CIK 0000088205
$169.46 +0.52% Close, 9 Oct 2026
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Price $169.46 +188.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,472.3Operating income70.0Net income−67.2EPS, diluted−2.02Fiscal year 2017Revenue1,425.8 −3.2%Operating income59.9Net income89.3EPS, diluted2.03Fiscal year 2018Revenue1,512.6 +6.1%Operating income112.5Net income81.2 −9.1%EPS, diluted1.82 −10.3%Fiscal year 2019Revenue1,123.6 −25.7%Operating income114.0Net income65.3 −19.6%EPS, diluted1.58 −13.2%Fiscal year 2020Revenue1,128.1 +0.4%Operating income96.9Net income99.0 +51.6%EPS, diluted2.16 +36.7%Fiscal year 2021Revenue1,219.5 +8.1%Operating income73.7Net income425.4 +329.7%EPS, diluted9.15 +323.6%Fiscal year 2022Revenue1,460.9 +19.8%Operating income51.0Net income0.2 −100.0%EPS, diluted0.00 −100.0%Fiscal year 2023Revenue1,741.2 +19.2%Operating income221.9Net income89.9 +44,850.0%EPS, diluted1.93Fiscal year 2024Revenue1,983.9 +13.9%Operating income308.3Net income200.5 +123.0%EPS, diluted4.26 +120.7%Fiscal year 2025Revenue2,265.1 +14.2%Operating income350.4Net income244.0 +21.7%EPS, diluted5.03 +18.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,472.3 1,425.8 1,512.6 1,123.6 1,128.1 1,219.5 1,460.9 1,741.2 1,983.9 2,265.1
Growth −3.2% +6.1% −25.7% +0.4% +8.1% +19.8% +19.2% +13.9% +14.2%
Operating income 70.0 59.9 112.5 114.0 96.9 73.7 51.0 221.9 308.3 350.4
Net income −67.2 89.3 81.2 65.3 99.0 425.4 0.2 89.9 200.5 244.0
Growth −9.1% −19.6% +51.6% +329.7% −100.0% +44,850.0% +123.0% +21.7%
EPS, diluted −2.02 2.03 1.82 1.58 2.16 9.15 0.00 1.93 4.26 5.03
Growth −10.3% −13.2% +36.7% +323.6% −100.0% +120.7% +18.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.8%Net margin−4.6%Free cash flow margin−0.9%Fiscal year 2017Operating margin4.2%Net margin6.3%Free cash flow margin2.5%Fiscal year 2018Operating margin7.4%Net margin5.4%Free cash flow margin6.5%Fiscal year 2019Operating margin10.1%Net margin5.8%Free cash flow margin12.0%Fiscal year 2020Operating margin8.6%Net margin8.8%Free cash flow margin9.8%Fiscal year 2021Operating margin6.0%Net margin34.9%Free cash flow margin13.5%Fiscal year 2022Operating margin3.5%Net margin0.0%Free cash flow margin−10.5%Fiscal year 2023Operating margin12.7%Net margin5.2%Free cash flow margin10.6%Fiscal year 2024Operating margin15.5%Net margin10.1%Free cash flow margin12.5%Fiscal year 2025Operating margin15.5%Net margin10.8%Free cash flow margin10.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin −0.9% 2.5% 6.5% 12.0% 9.8% 13.5% −10.5% 10.6% 12.5% 10.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−1.2Capital expenditure−11.7Free cash flow−12.9Buybacks0.0Fiscal year 2017Operating cash flow46.9Capital expenditure−11.0Free cash flow35.9Fiscal year 2018Operating cash flow110.6Capital expenditure−12.4Free cash flow98.2 +173.5%Fiscal year 2019Operating cash flow148.6Capital expenditure−13.5Free cash flow135.1 +37.6%Fiscal year 2020Operating cash flow126.3Capital expenditure−15.3Free cash flow111.0 −17.8%Buybacks0.0Fiscal year 2021Operating cash flow174.6Capital expenditure−9.6Free cash flow165.0 +48.6%Buybacks0.0Fiscal year 2022Operating cash flow−136.8Capital expenditure−15.9Free cash flow−152.7 −192.5%Buybacks−33.7Fiscal year 2023Operating cash flow208.5Capital expenditure−23.9Free cash flow184.6Buybacks0.0Fiscal year 2024Operating cash flow285.9Capital expenditure−38.0Free cash flow247.9 +34.3%Buybacks0.0Fiscal year 2025Operating cash flow333.3Capital expenditure−92.1Free cash flow241.2 −2.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.2 46.9 110.6 148.6 126.3 174.6 −136.8 208.5 285.9 333.3
Capital expenditure −11.7 −11.0 −12.4 −13.5 −15.3 −9.6 −15.9 −23.9 −38.0 −92.1
Free cash flow −12.9 35.9 98.2 135.1 111.0 165.0 −152.7 184.6 247.9 241.2
Growth +173.5% +37.6% −17.8% +48.6% −192.5% +34.3% −2.7%
Buybacks 0.0 n/a n/a n/a 0.0 0.0 −33.7 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash99.6Total debt17.9Net cash (debt)81.7Shareholders’ equity191.6Debt to equity0.09Fiscal year 2017Cash124.3Total debt0.5Net cash (debt)123.8Shareholders’ equity314.7Debt to equity0.00Fiscal year 2018Cash68.5Total debt18.0Net cash (debt)50.5Shareholders’ equity414.9Debt to equity0.04Fiscal year 2019Cash50.7Total debt1.0Net cash (debt)49.7Shareholders’ equity511.5Debt to equity0.00Fiscal year 2020Cash64.0Total debt7.2Net cash (debt)56.8Shareholders’ equity640.1Debt to equity0.01Fiscal year 2021Cash388.2Total debt13.0Net cash (debt)375.2Shareholders’ equity1,102.9Debt to equity0.01Fiscal year 2022Cash147.8Total debt2.0Net cash (debt)145.8Shareholders’ equity1,079.2Debt to equity0.00Fiscal year 2023Cash99.4Total debt17.3Net cash (debt)82.1Shareholders’ equity1,194.6Debt to equity0.01Fiscal year 2024Cash156.9Total debt27.6Net cash (debt)129.3Shareholders’ equity1,384.4Debt to equity0.02Fiscal year 2025Cash364.0Total debt3.5Net cash (debt)360.5Shareholders’ equity2,237.5Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 99.6 124.3 68.5 50.7 64.0 388.2 147.8 99.4 156.9 364.0
Total debt 17.9 0.5 18.0 1.0 7.2 13.0 2.0 17.3 27.6 3.5
Net cash (debt) 81.7 123.8 50.5 49.7 56.8 375.2 145.8 82.1 129.3 360.5
Shareholders’ equity 191.6 314.7 414.9 511.5 640.1 1,102.9 1,079.2 1,194.6 1,384.4 2,237.5
Debt to equity 0.09 0.00 0.04 0.00 0.01 0.01 0.00 0.01 0.02 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,472.3 1,425.8 1,512.6 1,123.6 1,128.1 1,219.5 1,460.9 1,741.2 1,983.9 2,265.1
Growth −3.2% +6.1% −25.7% +0.4% +8.1% +19.8% +19.2% +13.9% +14.2%
1,096.5 1,095.6 1,102.6 721.6 732.6 787.7 937.0 1,071.2 1,184.5 1,347.4
29.1 23.3 22.9 24.3 28.1 30.7 39.1 43.2 45.9 54.0
286.0 277.2 289.1 275.8 272.5 309.6 355.7 394.4 414.6 477.6
70.0 59.9 112.5 114.0 96.9 73.7 51.0 221.9 308.3 350.4
Growth −14.4% +87.8% +1.3% −15.0% −23.9% −30.8% +335.1% +38.9% +13.7%
39.4 36.1 84.5 88.8 78.6 69.9 27.1 186.3 255.4 314.1
9.1 −47.9 2.6 12.5 4.8 10.9 7.3 41.6 53.6 68.6
−67.2 89.3 81.2 65.3 99.0 425.4 0.2 89.9 200.5 244.0
Growth −9.1% −19.6% +51.6% +329.7% −100.0% +44,850.0% +123.0% +21.7%
Per share
−2.05 2.11 1.89 1.61 2.22 9.39 0.00 1.97 4.34 5.10
−2.02 2.03 1.82 1.58 2.16 9.15 0.00 1.93 4.26 5.03
Growth −10.3% −13.2% +36.7% +323.6% −100.0% +120.7% +18.1%
41.6 42.4 43.1 43.9 44.6 45.3 45.3 45.5 46.2 47.8
42.2 43.9 44.7 45.0 45.8 46.5 46.2 46.6 47.1 48.5
Growth +4.1% +1.7% +0.7% +1.8% +1.6% −0.6% +0.8% +1.0% +3.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 15.0% a year over five years, and earnings per share grew 18.4% a year.
  • The diluted share count rose 6.0% in five years, which is dilution.
  • Operating margin is up 6.9 points on five years ago, at 15.5%.
  • A net loss in 1 of 10 years on file.