SPX Technologies, Inc. (SPXC) AI Stock Analysis

SPX Technologies, Inc., based in Charlotte, North Carolina, supplies infrastructure equipment across two primary divisions: HVAC and Detection and Measurement. The HVAC segment engineers, builds, installs, and services process cooling products, engineered air movement solutions, boilers, and comfort heating systems under brands such as Marley, Recold, Cincinnati Fan, Berko, and Weil-McLain. The Detection and Measurement segment provides underground pipe and cable locators, inspection tools, robotic systems, and bus fare collection systems under brand names including Radiodetection, Pearpoint, Cues, and Genfare. SPX Technologies distributes globally through independent representatives, third-party distributors, retailers, and direct sales channels.

SPX Technologies increased annual revenue from $1.22B in FY2021 to $2.27B in FY2025, reflecting a 14.2% top-line increase in FY2025. Gross margin expanded from 35.4% in FY2021 to 40.5% in FY2025, while operating margin rose from 6.0% to 15.5% over the same timeframe. Annual net income progressed from $425.4M in FY2021 down to $200,000 in FY2022, before recovering to $200.5M in FY2024 and reaching $244.0M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue increased 22.9% year-over-year, while quarterly earnings grew 41.0%, bringing trailing twelve-month EPS to $5.67.

As of June 30, 2026, SPX Technologies held $166.4M in cash and short-term investments against total debt of $614.7M, yielding net debt of $448.3M. The company maintains a current ratio of 1.82 and a debt-to-equity ratio of 0.26 against shareholders' equity of $2.35B. In FY2025, operating cash flow reached $333.3M and free cash flow stood at $241.2M after capital expenditures of $92.1M. Over five years, the company's share count increased 8.5%.

SPX Technologies trades at a trailing price-to-earnings ratio of 29.3x and a forward P/E of 17.6x, compared to medians of 24.8x and 17.2x for its US-listed Industrials peers. The company's enterprise value of $9.14B values it at an EV/EBITDA multiple of 17.1x, above the peer median of 13.9x, while its price-to-sales multiple is 3.4x versus 1.5x for the peer group. Over the past year, SPXC shares dropped 9.2%, trailing the 16.8% return of the S&P 500, though its five-year return of 178.7% outpaced the index benchmark of 83.0%.

Wall Street coverage consists of 12 Strong Buy ratings, 1 Buy, and 1 Hold, with no Sell or Strong Sell recommendations. The mean price target of $252.79 represents a 52.2% premium over the last close of $166.04. Consensus estimates anticipate full-year FY2026 revenue of $2.77B and EPS of $8.34, representing 23.4% EPS growth. For FY2027, 10 analysts estimate revenue will reach $3.17B alongside EPS of $9.77. The company has beaten EPS expectations in each of the last 4 quarters, with its next earnings date scheduled for October 29, 2026.

This page is an AI-written research summary of SPX Technologies, Inc. (SPXC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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