SPX Technologies, Inc. (SPXC) Balance Sheet
SPXC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.60B assets = $1.37B liabilities + $2.24B equity
Both columns are drawn to the same scale: what SPXC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPXC financial health
Descriptive bands, not a rating. Fiscal 2025.
SPXC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.91B2016 | $3.60B2025 | +7.3%/yr | |
| Total liabilities | $1.72B2016 | $1.37B2025 | −2.5%/yr | |
| Shareholders’ equity | $191.6M2016 | $2.24B2025 | +31.4%/yr | |
| Cash & short-term investments | $99.6M2016 | $364.0M2025 | +15.5%/yr | |
| Total debt | $356.2M2016 | $501.6M2025 | +3.9%/yr | |
| Net cash (debt) | −$256.6M2016 | −$137.6M2025 | +$119.0M | |
| Working capital | $51.3M2016 | $682.6M2025 | +$631.3M | |
| Book value per share | $4.542016 | $46.122025 | +29.4%/yr | |
| Current ratio | 1.112016 | 2.482025 | +1.37 | |
| Debt / equity | 1.862016 | 0.222025 | −1.63 | |
| Shares outstanding | 42.2M2016 | 48.5M2025 | +1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPXC assets
SPXC liabilities and equity
SPXC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPXC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $364.0M | $156.9M | $99.4M | $147.8M | $388.2M | $64.0M | $54.6M | $68.8M | $124.3M | $99.6M |
| Cash & equivalents | $364.0M | $156.9M | $99.4M | $147.8M | $388.2M | $64.0M | $54.6M | $68.8M | $124.3M | $99.6M |
| Short-term investments | — | — | $7.5M | $8.7M | — | — | — | — | $0 | $0 |
| Receivables | $422.2M | $324.9M | $296.4M | $287.4M | $252.3M | $243.3M | $327.9M | $360.3M | $267.5M | $251.7M |
| Inventory | $302.2M | $271.0M | $276.7M | $244.0M | $189.8M | $155.0M | $154.9M | $128.8M | $143.0M | $145.7M |
| Other current assets | $55.3M | $31.5M | $37.1M | $41.9M | $73.1M | $212.8M | $94.7M | $40.5M | $97.7M | $30.6M |
| Total current assets | $1.14B | $784.3M | $709.6M | $721.1M | $903.4M | $675.1M | $632.1M | $598.4M | $632.5M | $527.6M |
| Property, plant & equipment (net) | $290.8M | $218.0M | $140.5M | $109.9M | $113.3M | $106.8M | $179.1M | $184.2M | $186.6M | $195.5M |
| Goodwill & intangible assets | $1.91B | $1.54B | $1.39B | $856.9M | $872.8M | $673.6M | $701.0M | $592.8M | $463.5M | $458.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200,000 | $0 | $0 |
| Other non-current assets | $258.5M | $174.7M | $204.0M | $243.0M | $739.1M | $878.2M | $622.3M | $681.9M | $757.8M | $731.1M |
| Total assets | $3.60B | $2.71B | $2.44B | $1.93B | $2.63B | $2.33B | $2.13B | $2.06B | $2.04B | $1.91B |
| Liabilities | ||||||||||
| Accounts payable | $145.2M | $128.1M | $118.7M | $124.5M | $119.6M | $102.1M | $141.2M | $153.6M | $159.7M | $137.6M |
| Short-term debt | $4.9M | $48.8M | $35.2M | $3.8M | $15.2M | $108.4M | $143.6M | $49.9M | $7.5M | $32.7M |
| Deferred revenue | $115.8M | $62.3M | $73.5M | $52.8M | $44.7M | $38.8M | $100.5M | $79.5M | $100.1M | $117.8M |
| Total current liabilities | $461.1M | $418.3M | $401.2M | $333.8M | $439.5M | $572.1M | $608.6M | $470.2M | $461.0M | $476.3M |
| Long-term debt | $496.7M | $577.0M | $523.1M | $243.0M | $230.8M | $304.0M | $249.9M | $331.9M | $349.3M | $323.5M |
| Other long-term liabilities | $409.3M | $334.8M | $320.8M | $274.9M | $855.4M | $817.5M | $773.6M | $840.5M | $915.4M | $921.1M |
| Total liabilities | $1.37B | $1.33B | $1.25B | $851.7M | $1.53B | $1.69B | $1.63B | $1.64B | $1.73B | $1.72B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $600,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $1.31B | $1.31B |
| Retained earnings (deficit) | $482.8M | $238.8M | $38.3M | −$51.6M | −$51.8M | −$477.2M | −$584.8M | −$650.1M | −$742.3M | −$831.6M |
| Treasury stock | — | — | — | −$465.5M | −$443.9M | −$451.6M | −$460.0M | −$475.8M | −$503.4M | −$520.3M |
| Accumulated other comprehensive income | $260.5M | $223.6M | $261.1M | $257.5M | $263.9M | $248.5M | $244.3M | $244.9M | $250.1M | $235.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.24B | $1.38B | $1.19B | $1.08B | $1.10B | $640.1M | $502.4M | $414.9M | $314.7M | $191.6M |
| Key figures | ||||||||||
| Total debt | $501.6M | $670.3M | $558.3M | $246.8M | $246.0M | $412.4M | $393.5M | $381.8M | $356.8M | $356.2M |
| Net cash (debt) | −$137.6M | −$513.4M | −$458.9M | −$99.0M | $142.2M | −$348.4M | −$338.9M | −$313.0M | −$232.5M | −$256.6M |
| Working capital | $682.6M | $366.0M | $308.4M | $387.3M | $463.9M | $103.0M | $23.5M | $128.2M | $171.5M | $51.3M |
| Tangible book value | $325.9M | −$153.1M | −$191.0M | $222.3M | $230.1M | −$33.5M | −$198.6M | −$177.9M | −$148.8M | −$266.7M |
| Book value per share | $46.12 | $29.41 | $25.63 | $23.35 | $23.72 | $13.99 | $11.18 | $9.29 | $7.17 | $4.54 |
| Shares outstanding | 48.5M | 47.1M | 46.6M | 46.2M | 46.5M | 45.8M | 45.0M | 44.7M | 43.9M | 42.2M |
| Current ratio | 2.48 | 1.87 | 1.77 | 2.16 | 2.06 | 1.18 | 1.04 | 1.27 | 1.37 | 1.11 |
| Quick ratio | 1.71 | 1.15 | 0.99 | 1.30 | 1.46 | 0.54 | 0.63 | 0.91 | 0.85 | 0.74 |
| Debt / equity | 0.22 | 0.48 | 0.47 | 0.23 | 0.22 | 0.64 | 0.78 | 0.92 | 1.13 | 1.86 |
| Equity / assets | 62.1% | 51.0% | 49.0% | 55.9% | 42.0% | 27.4% | 23.5% | 20.2% | 15.4% | 10.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $166.4M | $156.5M | $364.0M | $229.4M | $132.8M | $177.8M | $156.9M | $124.8M | $128.1M | $100.5M | $99.4M | $100.9M |
| Cash & equivalents | $166.4M | $156.5M | $364.0M | $229.4M | $132.8M | $177.8M | $156.9M | $124.8M | $128.1M | $100.5M | $99.4M | $100.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $3.8M | $5.8M | $7.5M | $9.6M |
| Receivables | $520.5M | $470.4M | $422.2M | $456.3M | $405.8M | $357.1M | $324.9M | $376.1M | $357.9M | $349.6M | $296.4M | $338.1M |
| Inventory | $374.0M | $342.4M | $302.2M | $331.3M | $321.9M | $308.1M | $271.0M | $297.7M | $292.7M | $295.1M | $276.7M | $291.5M |
| Other current assets | $41.5M | $43.7M | $55.3M | $47.4M | $60.1M | $63.8M | $31.5M | $29.0M | $30.0M | $34.4M | $37.1M | $38.1M |
| Total current assets | $1.10B | $1.01B | $1.14B | $1.06B | $920.6M | $906.8M | $784.3M | $827.6M | $808.7M | $779.6M | $709.6M | $768.6M |
| Property, plant & equipment (net) | $324.8M | $307.2M | $290.8M | $227.4M | $226.9M | $223.6M | $218.0M | $224.0M | $218.7M | $217.2M | $140.5M | $135.1M |
| Goodwill & intangible assets | $2.25B | $2.30B | $1.91B | $1.92B | $1.96B | $1.80B | $1.54B | $1.58B | $1.59B | $1.61B | $1.39B | $1.36B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $262.5M | $262.8M | $258.5M | $229.5M | $203.6M | $203.2M | $174.7M | $169.4M | $168.0M | $197.7M | $204.0M | $206.5M |
| Total assets | $3.94B | $3.88B | $3.60B | $3.45B | $3.31B | $3.14B | $2.71B | $2.81B | $2.78B | $2.80B | $2.44B | $2.47B |
| Liabilities | ||||||||||||
| Accounts payable | $194.6M | $164.6M | $145.2M | $157.6M | $140.3M | $149.0M | $128.1M | $139.4M | $128.2M | $151.4M | $118.7M | $131.7M |
| Short-term debt | $84.2M | $30.3M | $4.9M | $1.8M | $69.0M | $88.3M | $48.8M | $82.5M | $290.6M | $337.8M | $46.5M | $144.1M |
| Deferred revenue | $128.2M | $115.1M | $115.8M | $85.1M | $76.5M | $80.0M | $62.3M | $60.8M | $61.7M | $72.9M | $73.5M | $66.8M |
| Total current liabilities | $604.1M | $481.2M | $461.1M | $430.9M | $468.0M | $482.9M | $418.3M | $446.3M | $633.3M | $694.8M | $401.2M | $493.7M |
| Long-term debt | $530.5M | $643.7M | $496.7M | $499.8M | $950.3M | $872.0M | $577.0M | $665.2M | $509.9M | $516.6M | $523.1M | $529.8M |
| Other long-term liabilities | $456.3M | $469.2M | $409.3M | $366.6M | $355.1M | $339.2M | $334.8M | $336.3M | $356.1M | $350.7M | $320.8M | $302.6M |
| Total liabilities | $1.59B | $1.59B | $1.37B | $1.30B | $1.77B | $1.69B | $1.33B | $1.45B | $1.50B | $1.56B | $1.25B | $1.33B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 |
| Retained earnings (deficit) | $621.1M | $542.7M | $482.8M | $404.9M | $342.2M | $290.0M | $238.8M | $181.7M | $131.5M | $87.3M | $38.3M | $6.8M |
| Accumulated other comprehensive income | $232.0M | $254.2M | $260.5M | $257.2M | $263.8M | $233.4M | $223.6M | $260.4M | $244.9M | $250.9M | $261.1M | $250.7M |
| Total shareholders' equity | $2.35B | $2.29B | $2.24B | $2.15B | $1.53B | $1.44B | $1.38B | $1.36B | $1.28B | $1.24B | $1.19B | $1.15B |
| Key figures | ||||||||||||
| Total debt | $614.7M | $674.0M | $501.6M | $501.6M | $1.02B | $960.3M | $670.3M | $786.4M | $839.9M | $854.4M | $598.1M | $673.9M |
| Net cash (debt) | −$448.3M | −$517.5M | −$137.6M | −$272.2M | −$886.5M | −$782.5M | −$513.4M | −$661.6M | −$711.8M | −$753.9M | −$498.7M | −$573.0M |
| Working capital | $498.3M | $531.8M | $682.6M | $633.5M | $452.6M | $423.9M | $366.0M | $381.3M | $175.4M | $84.8M | $308.4M | $274.9M |
| Tangible book value | $98.8M | −$11.1M | $325.9M | $224.0M | −$422.3M | −$360.5M | −$153.1M | −$226.8M | −$303.9M | −$367.6M | −$191.0M | −$215.9M |
| Book value per share | $46.34 | $45.23 | $44.20 | $43.92 | $32.35 | $30.63 | $29.23 | $28.74 | $27.22 | $26.51 | $25.49 | $24.53 |
| Shares outstanding | 50.7M | 50.5M | 50.6M | 48.9M | 47.4M | 47.1M | 47.4M | 47.3M | 47.2M | 46.7M | 46.9M | 46.8M |
| Current ratio | 1.82 | 2.11 | 2.48 | 2.47 | 1.97 | 1.88 | 1.87 | 1.85 | 1.28 | 1.12 | 1.77 | 1.56 |
| Quick ratio | 1.14 | 1.30 | 1.71 | 1.59 | 1.15 | 1.11 | 1.15 | 1.12 | 0.77 | 0.65 | 0.99 | 0.89 |
| Debt / equity | 0.26 | 0.29 | 0.22 | 0.23 | 0.66 | 0.67 | 0.48 | 0.58 | 0.65 | 0.69 | 0.50 | 0.59 |
| Equity / assets | 59.6% | 58.9% | 62.1% | 62.3% | 46.4% | 46.0% | 51.0% | 48.4% | 46.1% | 44.2% | 49.0% | 46.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
SPXC financial position
At the end of fiscal 2025 (December 31, 2025), SPX Technologies had total assets of $3.6 billion (up 32.8% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $2.2 billion. It held $364.0 million in cash and short-term investments against $501.6 million of debt, net debt of $137.6 million. Its current ratio was 2.48. In the latest quarter (ended June 30, 2026) total assets were $3.9 billion and equity $2.3 billion.
Related: SPXC income statement, SPXC cash flow statement, SPXC key metrics. See the SPXC stock overview for the latest quote and news.
SPXC balance sheet FAQ
What are SPX Technologies's total assets?
SPX Technologies reported total assets of $3.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.7 billion a year earlier.
How much debt does SPX Technologies have?
SPX Technologies had $501.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.22.
How much cash does SPX Technologies have?
SPX Technologies held $364.0 million in cash and short-term investments at the end of fiscal 2025; with $501.6 million of debt that is net debt of $137.6 million.
What is SPX Technologies's book value?
SPX Technologies's shareholders' equity (book value) was $2.2 billion at the end of fiscal 2025, or $46.12 per share.
What is SPX Technologies's current ratio?
SPX Technologies had current assets of $1.1 billion and current liabilities of $461.1 million, a current ratio of 2.48 (it can cover its short-term obligations).
How much goodwill does SPX Technologies have?
SPX Technologies carried $1.9 billion of goodwill and intangible assets, 53.0% of total assets, at the end of fiscal 2025.