SPX Technologies, Inc. (SPXC) Income Statement
SPXC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSPXC revenue and net income
Where SPXC's revenue goes
2025Each bar shows an amount and its share of revenue. SPXC kept 10.8% of revenue as net income.
SPXC profit margins
SPXC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.2% | +15.7% | +15.0% | +3.8% |
| Gross profit | +14.8% | +20.5% | +18.3% | +12.8% |
| Operating income | +14.2% | +90.4% | +29.4% | — |
| Net income | +21.7% | +968.5% | +19.8% | — |
| EPS (diluted) | +21.2% | +29.8% | +19.3% | +11.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPXC quarterly EPS vs estimates
SPX Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.15).
SPXC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $1.98B | $1.74B | $1.46B | $1.22B | $1.13B | $1.12B | $1.51B | $1.43B | $1.47B |
| Cost of revenue | $1.35B | $1.18B | $1.07B | $937.0M | $787.7M | $732.6M | $721.6M | $1.10B | $1.10B | $1.10B |
| Gross profit | $917.7M | $799.4M | $670.0M | $523.9M | $431.8M | $395.5M | $402.0M | $410.0M | $330.2M | $375.8M |
| Research & development | $54.0M | — | $43.2M | $39.1M | $30.7M | $28.4M | $24.8M | $22.9M | $23.3M | $29.1M |
| Sales, general & admin | $477.6M | $414.6M | $394.4M | $355.7M | $309.6M | $320.0M | $318.5M | $292.6M | $282.3M | $301.0M |
| Total operating expenses | $565.5M | $491.1M | $448.1M | $472.9M | $358.1M | $298.6M | $288.0M | $297.5M | $270.3M | $305.8M |
| Operating income | $352.2M | $308.3M | $221.9M | $51.0M | $73.7M | $96.9M | $114.0M | $112.5M | $59.9M | $70.0M |
| Interest income | $4.8M | $2.1M | $1.7M | $1.7M | $500,000 | $200,000 | $1.8M | $1.5M | $1.3M | $800,000 |
| Interest expense | $48.1M | $45.7M | $27.2M | $9.3M | $13.1M | $18.4M | $21.0M | $21.5M | $17.1M | $14.8M |
| Income before taxes | $314.1M | $255.4M | $186.3M | $27.1M | $69.9M | $78.6M | $88.8M | $84.5M | $36.1M | $39.4M |
| Income taxes | $68.6M | $53.6M | $41.6M | $7.3M | $10.9M | $4.8M | $12.5M | $2.6M | −$47.9M | $9.1M |
| Net income | $244.0M | $200.5M | $89.9M | $200,000 | $425.4M | $99.0M | $70.9M | $81.2M | $89.3M | −$85.3M |
| EBITDA | $484.8M | $392.7M | $276.7M | $82.8M | $125.3M | $128.9M | $134.2M | $133.9M | $78.4M | $80.7M |
| EPS (diluted) | $6.75 | $5.57 | $4.30 | $3.09 | $2.46 | $2.79 | $2.74 | $2.23 | $1.78 | $1.18 |
| Gross margin | 40.5% | 40.3% | 38.5% | 35.9% | 35.4% | 35.1% | 35.8% | 27.1% | 23.2% | 25.5% |
| Operating margin | 15.5% | 15.5% | 12.7% | 3.5% | 6.0% | 8.6% | 10.1% | 7.4% | 4.2% | 4.8% |
| Net margin | 10.8% | 10.1% | 5.2% | 0.0% | 34.9% | 8.8% | 6.3% | 5.4% | 6.3% | −5.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $679.0M | $566.8M | $637.3M | $592.8M | $552.4M | $482.6M | $533.7M | $483.7M | $501.3M | $465.2M | $469.4M | $448.7M |
| Cost of revenue | $406.2M | $336.2M | $383.9M | $353.3M | $323.5M | $286.7M | $315.6M | $286.1M | $300.5M | $282.3M | $281.5M | $280.1M |
| Gross profit | $272.8M | $230.6M | $253.4M | $239.5M | $228.9M | $195.9M | $218.1M | $197.6M | $200.8M | $182.9M | $187.9M | $168.6M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $43.3M | — |
| Sales, general & admin | $129.9M | $119.4M | $133.2M | $117.7M | $117.2M | $109.5M | $108.9M | $101.6M | $101.2M | $102.9M | $103.5M | $96.3M |
| Total operating expenses | $156.2M | $142.7M | $151.7M | $142.3M | $142.3M | $129.2M | $127.9M | $118.7M | $126.2M | $118.3M | $124.8M | $110.9M |
| Operating income | $116.6M | $87.9M | $101.7M | $97.2M | $86.6M | $66.7M | $90.2M | $78.9M | $74.6M | $64.6M | $63.1M | $57.7M |
| Interest income | $1.1M | $1.1M | $1.8M | $1.1M | $1.0M | $900,000 | $900,000 | $600,000 | $300,000 | $300,000 | $200,000 | $800,000 |
| Interest expense | $8.8M | $8.4M | $8.2M | $12.0M | $15.6M | $12.3M | $11.0M | $12.1M | $12.8M | $9.8M | $9.2M | $10.2M |
| Income before taxes | $102.2M | $77.4M | $104.8M | $81.5M | $69.9M | $57.9M | $77.9M | $66.0M | $60.4M | $51.1M | $41.7M | $48.1M |
| Income taxes | $22.9M | $13.0M | $26.6M | $18.4M | $17.4M | $6.2M | $21.4M | $15.1M | $15.2M | $1.9M | $10.1M | $12.4M |
| Net income | $78.4M | $59.9M | $77.9M | $62.7M | $52.2M | $51.2M | $57.1M | $50.2M | $44.2M | $49.0M | $31.5M | −$20.4M |
| EBITDA | $146.7M | $117.9M | $143.7M | $125.9M | $118.0M | $97.2M | $112.6M | $101.6M | $96.6M | $81.9M | $67.7M | $78.0M |
| EPS (diluted) | $2.02 | $1.69 | $1.88 | $1.84 | $1.65 | $1.38 | $1.51 | $1.39 | $1.42 | $1.25 | $1.25 | $1.06 |
| Gross margin | 40.2% | 40.7% | 39.8% | 40.4% | 41.4% | 40.6% | 40.9% | 40.9% | 40.1% | 39.3% | 40.0% | 37.6% |
| Operating margin | 17.2% | 15.5% | 16.0% | 16.4% | 15.7% | 13.8% | 16.9% | 16.3% | 14.9% | 13.9% | 13.4% | 12.9% |
| Net margin | 11.5% | 10.6% | 12.2% | 10.6% | 9.4% | 10.6% | 10.7% | 10.4% | 8.8% | 10.5% | 6.7% | −4.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SPXC's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPXC financial results
In fiscal year 2025 (ended December 31, 2025), SPX Technologies reported revenue of $2.3 billion, up 14.2% from the year before. It had net income of $244.0 million (up 21.7%), a net profit margin of 10.8%. Diluted earnings per share came to $6.75. Over five years revenue grew at an average rate of 15.0% a year.
See the SPXC stock overview for the latest quote and news, or the SPXC chart for price history and technical indicators.
SPXC income statement FAQ
What is SPX Technologies's annual revenue?
SPX Technologies reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.2% from $2.0 billion the previous year.
Is SPX Technologies profitable?
Yes. SPX Technologies reported net income of $244.0 million in fiscal 2025, a net profit margin of 10.8%; its operating margin was 15.5%.
What is SPX Technologies's gross margin?
SPX Technologies's gross margin was 40.5% in fiscal 2025: for every $100 of revenue, SPX Technologies kept $41 after the direct cost of its products and services.
How much does SPX Technologies spend on research and development?
SPX Technologies spent $54.0 million on research and development in fiscal 2025, 2.4% of revenue.
How fast is SPX Technologies growing?
Revenue grew 15.0% a year on average over the last five fiscal years, from $1.1 billion to $2.3 billion.
What are SPX Technologies's earnings per share?
SPX Technologies earned $6.75 per diluted share in fiscal 2025, compared with $5.57 a year earlier.
When will SPX Technologies report its next earnings?
SPX Technologies is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does SPX Technologies's fiscal year end?
SPX Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.