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DC Infra·SPXC
SPX Technologies, Inc.
NYSE · US
Engineered products supplier with HVAC cooling, electrical heating, and infrastructure equipment.
AI relevance
Cooling and engineered thermal equipment exposure for data center infrastructure.
Price
$242.97
Change
+7.68 (+3.26%)
Market cap
$12.2B
52w range
$154–$247
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
SPXC market performance
Daily close for SPX Technologies, Inc.
- Latest close
- $243.0
- Range move
- +$86.94 (+55.7%)
- Range high
- $243.0
- Range low
- $154.4
- Latest volume
- 762.0K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
74 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus12 ratings
Strong buy
0
Buy
9
Hold
3
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $2.61B | $2.58B - $2.63B | $8.02 | $7.60 - $8.19 | $959.7M | $773.2M | $383.0M | $578.5M | 9 rev / 9 EPS |
| 2027-12-31 | $2.84B | $2.76B - $2.90B | $9.06 | $8.58 - $9.67 | $1.04B | $838.9M | $442.7M | $627.8M | 9 rev / 9 EPS |
| 2028-12-31 | $3.07B | $3.07B - $3.07B | $10.02 | $9.33 - $10.48 | $1.13B | $908.9M | $455.7M | $680.1M | 5 rev / 3 EPS |
| 2029-12-31 | $2.82B | $2.76B - $2.89B | $9.58 | $9.31 - $9.88 | $1.04B | $835.3M | $464.7M | $625.1M | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-28 | $638.9M | $634.3M - $650.2M | $1.85 | $1.74 - $1.94 | $234.6M | $189.0M | $93.4M | $141.5M | 8 rev / 9 EPS |
| 2026-09-28 | $672.1M | $663.2M - $681.7M | $2.10 | $2.00 - $2.17 | $246.9M | $198.9M | $106.1M | $148.8M | 8 rev / 9 EPS |
| 2026-12-28 | $735.2M | $724.6M - $745.0M | $2.36 | $2.31 - $2.40 | $270.0M | $217.5M | $119.2M | $162.8M | 4 rev / 4 EPS |
| 2027-03-28 | $623.1M | $614.1M - $631.4M | $1.91 | $1.88 - $1.94 | $228.9M | $184.4M | $96.6M | $138.0M | 4 rev / 5 EPS |
| 2027-06-28 | $690.0M | $680.1M - $699.2M | $2.18 | $2.14 - $2.21 | $253.4M | $204.2M | $110.0M | $152.8M | 4 rev / 3 EPS |
| 2027-09-28 | $719.5M | $709.1M - $729.1M | $2.36 | $2.32 - $2.40 | $264.3M | $212.9M | $119.2M | $159.3M | 4 rev / 3 EPS |
| 2027-12-28 | $786.3M | $774.9M - $796.7M | $2.65 | $2.60 - $2.70 | $288.8M | $232.7M | $134.0M | $174.1M | 4 rev / 5 EPS |
| 2028-03-28 | $652.8M | $643.4M - $661.5M | $1.94 | $1.91 - $1.98 | $239.8M | $193.2M | $98.3M | $144.5M | 3 rev / 7 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 4 | $249.75 |
| Last year | 8 | $231.13 |
| All time | 9 | $220.33 |
Sources: TheFly, StreetInsider
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-05-06 | JP Morgan | Maintain | Overweight | Overweight |
| 2026-05-04 | Truist Securities | Maintain | Buy | Buy |
| 2026-05-01 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-04-20 | Truist Securities | Maintain | Buy | Buy |
| 2026-04-01 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-03-27 | Truist Securities | Upgrade | Hold | Buy |
| 2026-02-26 | Truist Securities | Maintain | Hold | Hold |
| 2026-02-25 | Oppenheimer | Maintain | Outperform | Outperform |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 1 | 10 | 1 | 0 | 0 |
| 2026-05-01 | 1 | 10 | 1 | 0 | 0 |
| 2026-04-01 | 1 | 10 | 1 | 0 | 0 |
| 2026-03-01 | 1 | 10 | 2 | 0 | 0 |
| 2026-02-01 | 0 | 8 | 3 | 0 | 0 |
| 2026-01-01 | 0 | 7 | 3 | 0 | 0 |
| 2025-12-01 | 0 | 7 | 3 | 0 | 0 |
| 2025-11-01 | 0 | 8 | 3 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.27B | $830.3M | 36.7% | $54.0M | $381.1M | $487.8M | $245.5M | $5.13 |
| FY 2024 | $1.98B | $799.4M | 40.3% | $0 | $308.3M | $392.7M | $200.5M | $4.37 |
| FY 2023 | $1.74B | $670.0M | 38.5% | $0 | $221.9M | $276.7M | $89.9M | $1.97 |
| FY 2022 | $1.46B | $523.9M | 35.9% | $0 | $51.0M | $82.8M | $200,000 | $0.01 |
| FY 2021 | $1.22B | $431.8M | 35.4% | $0 | $73.7M | $125.3M | $425.4M | $9.39 |
| FY 2020 | $1.13B | $395.5M | 35.1% | $0 | $96.9M | $128.9M | $99.0M | $2.18 |
| FY 2019 | $1.12B | $402.0M | 35.8% | $0 | $114.0M | $134.2M | $70.9M | $1.61 |
| FY 2018 | $1.51B | $410.0M | 27.1% | $0 | $112.5M | $133.9M | $81.2M | $1.89 |
| FY 2017 | $1.43B | $330.2M | 23.2% | $0 | $59.9M | $78.4M | $89.3M | $2.11 |
| FY 2016 | $1.47B | $375.8M | 25.5% | $0 | $70.0M | $80.7M | -$85.3M | $-2.05 |
| FY 2015 | $1.56B | $275.9M | 17.7% | $0 | -$122.2M | -$95.3M | -$82.7M | $-2.03 |
| FY 2014 | $1.69B | $366.4M | 21.6% | $0 | -$185.3M | $316.3M | $393.4M | $9.38 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $333.3M | $92.1M | $241.2M |
| FY 2024 | $285.9M | $38.0M | $247.9M |
| FY 2023 | $208.5M | $23.9M | $184.6M |
| FY 2022 | -$136.8M | $15.9M | -$152.7M |
| FY 2021 | $174.6M | $9.6M | $165.0M |
| FY 2020 | $126.3M | $15.3M | $111.0M |
| FY 2019 | $148.6M | $17.8M | $135.1M |
| FY 2018 | $110.6M | $12.4M | $98.2M |
| FY 2017 | $46.9M | $11.0M | $35.9M |
| FY 2016 | $6.5M | $11.7M | -$5.2M |
| FY 2015 | -$38.5M | $16.0M | -$54.5M |
| FY 2014 | $76.4M | $61.1M | $15.3M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $364.0M | $422.2M | $302.2M | $290.8M | $3.60B | $501.6M | $137.6M | $1.37B | $2.24B |
| FY 2024 | $156.9M | $324.9M | $271.0M | $218.0M | $2.71B | $670.3M | $513.4M | $1.33B | $1.38B |
| FY 2023 | $99.4M | $296.4M | $276.7M | $140.5M | $2.44B | $558.3M | $458.9M | $1.25B | $1.19B |
| FY 2022 | $147.8M | $287.4M | $244.0M | $109.9M | $1.93B | $246.8M | $99.0M | $851.7M | $1.08B |
| FY 2021 | $388.2M | $252.3M | $189.8M | $113.3M | $2.63B | $246.0M | -$142.2M | $1.53B | $1.10B |
| FY 2020 | $64.0M | $243.3M | $155.0M | $106.8M | $2.33B | $412.4M | $348.4M | $1.69B | $640.1M |
| FY 2019 | $54.6M | $327.9M | $154.9M | $179.1M | $2.13B | $393.5M | $338.9M | $1.63B | $502.4M |
| FY 2018 | $68.8M | $360.3M | $128.8M | $184.2M | $2.06B | $381.8M | $313.0M | $1.64B | $414.9M |
| FY 2017 | $124.3M | $267.5M | $143.0M | $186.6M | $2.04B | $356.8M | $232.5M | $1.73B | $314.7M |
| FY 2016 | $99.6M | $251.7M | $145.7M | $195.5M | $1.91B | $356.2M | $256.6M | $1.72B | $191.6M |
| FY 2015 | $97.2M | $305.1M | $161.3M | $205.3M | $2.18B | $371.8M | $274.6M | $1.87B | $345.4M |
| FY 2014 | $427.6M | $1.07B | $497.8M | $670.9M | $5.89B | $733.1M | $495.9M | $4.08B | $1.82B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 36.7% | 16.8% | 10.8% | 2.5x | 1.8x | 11.0% | 9.5% | 4.3x | 19.9x | 2.5% | 2.4% | 108d |
| FY 2024 | 40.3% | 15.5% | 10.1% | 1.9x | 1.2x | 14.5% | 10.4% | 3.6x | 18.4x | 3.7% | 0.0% | 104d |
| FY 2023 | 38.5% | 12.7% | 5.2% | 1.8x | 1.1x | 7.5% | 8.3% | 2.9x | 18.3x | 4.0% | 0.0% | 116d |
| FY 2022 | 35.9% | 3.5% | 0.0% | 2.2x | 1.4x | 0.0% | 2.3% | 2.1x | 37.1x | -5.1% | 0.0% | 118d |
| FY 2021 | 35.4% | 6.0% | 34.9% | 2.1x | 1.6x | 38.6% | 2.8% | 2.1x | 20.4x | 6.1% | 0.0% | 108d |
| FY 2020 | 35.1% | 8.6% | 8.8% | 1.2x | 0.9x | 15.5% | 4.9% | 2.5x | 21.6x | 4.6% | 0.0% | 105d |
| FY 2019 | 35.8% | 10.1% | 6.3% | 1.0x | 0.8x | 14.1% | 5.9% | 2.3x | 19.2x | 6.0% | 0.0% | 113d |
| FY 2018 | 27.1% | 7.4% | 5.4% | 1.3x | 1.0x | 19.6% | 6.7% | 1.0x | 11.3x | 8.1% | 0.0% | 79d |
| FY 2017 | 23.2% | 4.2% | 6.3% | 1.4x | 1.1x | 28.4% | 3.8% | 1.1x | 19.9x | 2.7% | 0.0% | 63d |
| FY 2016 | 25.5% | 4.8% | -5.8% | 1.1x | 0.8x | -44.5% | 3.7% | 0.8x | 15.4x | -0.5% | 0.0% | 65d |
| FY 2015 | 17.7% | -7.8% | -5.3% | 1.2x | 0.9x | -23.9% | -7.7% | 0.4x | -6.9x | -14.3% | 0.0% | 73d |
| FY 2014 | 21.6% | -10.9% | 23.2% | 1.4x | 1.1x | 21.6% | -1.9% | 0.7x | 3.9x | 1.7% | 0.0% | 309d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +14.2% | +3.9% | 0.0% | +23.6% | +22.4% | +17.4% | -2.7% | -142.4% | +132.0% | +11.5% | +32.8% | -25.2% |
| FY 2024 | +13.9% | +19.3% | 0.0% | +38.9% | +123.0% | +121.8% | +34.3% | -59.0% | +57.8% | -2.1% | +11.3% | +20.1% |
| FY 2023 | +19.2% | +27.9% | 0.0% | +335.1% | +44850.0% | +19600.0% | +220.9% | -50.3% | -32.7% | +13.4% | +26.4% | +126.2% |
| FY 2022 | +19.8% | +21.3% | 0.0% | -30.8% | -100.0% | -99.9% | -192.5% | -65.6% | -61.9% | +28.6% | -26.5% | +0.3% |
| FY 2021 | +8.1% | +9.2% | 0.0% | -23.9% | +329.7% | +330.7% | +48.6% | +37.3% | +506.6% | +22.5% | +12.6% | -40.3% |
| FY 2020 | +0.4% | -1.6% | 0.0% | -15.0% | +39.6% | +35.4% | -17.8% | -13.3% | +17.2% | +0.1% | +9.3% | +4.8% |
| FY 2019 | -25.7% | -2.0% | 0.0% | +1.3% | -12.7% | -14.8% | +37.6% | -8.9% | -20.6% | +20.3% | +3.7% | +3.1% |
| FY 2018 | +6.1% | +24.2% | 0.0% | +87.8% | -9.1% | -10.4% | +173.5% | -12.7% | -44.7% | -9.9% | +0.8% | +7.0% |
| FY 2017 | -3.2% | -12.1% | 0.0% | -14.4% | +204.7% | +202.9% | +790.4% | +6.0% | +24.8% | -1.9% | +6.7% | +0.2% |
| FY 2016 | -5.6% | +36.2% | 0.0% | +157.3% | -3.1% | -1.0% | +90.5% | +26.9% | +2.5% | -9.7% | -12.2% | -4.2% |
| FY 2015 | -8.0% | -24.7% | 0.0% | +34.1% | -121.0% | -121.6% | -456.2% | +73.8% | -77.3% | -67.6% | -63.0% | -49.3% |
| FY 2014 | -13.9% | -24.2% | 0.0% | -1272.8% | +87.4% | +102.6% | -69.6% | -11.3% | -38.2% | -0.9% | -14.0% | -56.2% |
SegmentsFY 2023
Revenue Mix
Latest product mixFY 2023 · $1.74B
HVAC Reportable Segment$1.12B · 64.5%
Detection and Measurement Reportable Segment$618.9M · 35.5%
Latest geography mixFY 2025 · $2.17B
UNITED STATES$1.81B · 83.5%
CANADA$193.4M · 8.9%
Other Foreign Countries$91.9M · 4.2%
CHINA$71.7M · 3.3%
Product revenue annual
| Period | Total | Flow Technology | HVAC Reportable Segment | Thermal Equipment and Services | Detection and Measurement Reportable Segment | Engineered Solutions Reportable Segment | Thermal Equipment And Services | Power Reportable Segment | Industrial Products and Services | Industrial Products Services And Other | Industrial Products Services and Other | Other Segments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2023 | $1.74B | -- | $1.12B | -- | $618.9M | -- | -- | -- | -- | -- | -- | -- |
| FY 2022 | $799.1M | -- | $537.0M | -- | $262.1M | -- | -- | -- | -- | -- | -- | -- |
| FY 2021 | $690.6M | -- | $433.8M | -- | $256.8M | -- | -- | -- | -- | -- | -- | -- |
| FY 2020 | $664.8M | -- | $293.7M | -- | $217.8M | $150.1M | -- | -- | -- | -- | -- | $3.2M |
| FY 2019 | $658.1M | -- | $309.0M | -- | $194.3M | $145.5M | -- | -- | -- | -- | -- | $9.3M |
| FY 2018 | $671.8M | -- | $300.4M | -- | $159.1M | $163.2M | -- | -- | -- | -- | -- | $49.1M |
| FY 2017 | $1.43B | -- | $511.0M | -- | $260.3M | $654.5M | -- | -- | -- | -- | -- | -- |
| FY 2016 | $1.47B | -- | $509.5M | -- | $226.4M | $736.4M | -- | -- | -- | -- | -- | -- |
| FY 2015 | $1.72B | -- | $529.1M | -- | $232.3M | -- | -- | $957.9M | -- | -- | -- | -- |
| FY 2014 | $4.72B | $2.60B | -- | -- | -- | -- | $1.33B | -- | -- | $795.1M | -- | -- |
| FY 2013 | $4.72B | $2.64B | -- | $1.34B | -- | -- | -- | -- | -- | -- | $735.0M | -- |
| FY 2012 | $5.10B | $2.68B | -- | $1.49B | -- | -- | -- | -- | $927.1M | -- | -- | -- |
Geography revenue annual
| Period | Total | UNITED STATES | U | Other Foreign Countries | CHINA | G | UNITED KINGDOM | D | CANADA | C | SOUTH AFRICA | Z |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.17B | $1.81B | -- | $91.9M | $71.7M | -- | -- | -- | $193.4M | -- | -- | -- |
| FY 2024 | $1.89B | $1.64B | -- | $76.0M | $64.9M | -- | -- | -- | $111.3M | -- | -- | -- |
| FY 2023 | $1.74B | $1.45B | -- | $137.1M | $53.7M | -- | $96.3M | -- | -- | -- | -- | -- |
| FY 2022 | $1.46B | $1.22B | -- | $89.9M | $51.0M | -- | $96.5M | -- | -- | -- | -- | -- |
| FY 2021 | $1.22B | $991.5M | -- | $90.0M | $57.9M | -- | $80.1M | -- | -- | -- | -- | -- |
| FY 2020 | $1.56B | $1.36B | -- | $62.3M | $41.7M | -- | $88.4M | -- | -- | -- | $4.0M | -- |
| FY 2019 | $1.47B | $1.38B | -- | $60.8M | $31.1M | -- | $5.9M | -- | -- | -- | -$6.1M | -- |
| FY 2018 | $1.54B | $1.32B | -- | $47.5M | $38.5M | -- | $62.4M | -- | -- | -- | $72.7M | -- |
| FY 2017 | $84.9M | -- | -- | -- | $28.0M | -- | -- | -- | -- | -- | $56.9M | -- |
| FY 2016 | $138.9M | -- | -- | -- | $33.5M | -- | -- | -- | -- | -- | $105.4M | -- |
| FY 2015 | $92.8M | -- | -- | -- | $92.8M | -- | -- | -- | -- | -- | -- | -- |
| FY 2014 | $4.72B | -- | $2.23B | $1.31B | -- | $452.0M | -- | $311.9M | -- | $278.4M | -- | $137.3M |
Transcripts74 on file
Transcripts
Events
Events
Next earnings
2026-07-30EPS est $1.86
Latest news
- SPX Technologies Announces Leadership Transition in D&M Segment
GlobeNewsWire · 2026-06-19
- SPX Technologies Announces Leadership Transition in D&M Segment
Globe News Wire · 2026-06-19