SPX Technologies, Inc. (SPXC) Key Metrics
SPXC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $8.32B
- Enterprise value
- $9.14B
- P/E (TTM)
- 29.3 10-yr median 28.7
- Forward P/E
- 17.6
- PEG ratio
- 0.98
- Price / sales
- 3.4 10-yr median 2.1
- Price / book
- 3.7 10-yr median 4.1
- EV / EBITDA
- 17.1 10-yr median 19.9
- Dividend yield
- —
- Beta
- 1.24
SPXC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSPXC valuation Price multiples at each fiscal year-end price.
SPXC returns How much profit the business earns on the capital it uses.
SPXC per-share figures Results divided by the shares outstanding at year-end.
SPXC financial health Debt, liquidity and how easily interest is covered.
SPXC efficiency & capital use Working capital cycle and where the cash goes.
SPXC valuation history
SPXC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPXC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPXC cash returned to shareholders
SPXC price vs earnings per share
SPXC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.71B | $6.85B | $4.71B | $3.03B | $2.77B | $2.50B | $2.29B | $1.25B | $1.38B | $1.00B |
| Enterprise value | $9.84B | $7.36B | $5.17B | $3.13B | $2.63B | $2.84B | $2.63B | $1.56B | $1.61B | $1.26B |
| P/E ratio | 39.8 | 34.2 | 52.4 | — | 6.5 | 25.2 | 32.3 | 15.4 | 15.4 | — |
| Price / sales | 4.3 | 3.5 | 2.7 | 2.1 | 2.3 | 2.2 | 2.0 | 0.8 | 1.0 | 0.7 |
| Price / book | 4.3 | 4.9 | 3.9 | 2.8 | 2.5 | 3.9 | 4.6 | 3.0 | 4.4 | 5.2 |
| Price / free cash flow | 40.2 | 27.6 | 25.5 | — | 16.8 | 22.5 | 16.9 | 12.7 | 38.4 | — |
| Price / operating cash flow | 29.1 | 24.0 | 22.6 | — | 15.9 | 19.8 | 15.4 | 11.3 | 29.4 | 153.9 |
| EV / sales | 4.3 | 3.7 | 3.0 | 2.1 | 2.2 | 2.5 | 2.3 | 1.0 | 1.1 | 0.9 |
| EV / EBITDA | 20.3 | 18.8 | 18.7 | 37.8 | 21.0 | 22.1 | 19.6 | 11.7 | 20.5 | 15.6 |
| EV / free cash flow | 40.8 | 29.7 | 28.0 | — | 16.0 | 25.6 | 19.4 | 15.9 | 44.9 | — |
| Earnings yield | 2.5% | 2.9% | 1.9% | 0.0% | 15.3% | 4.0% | 3.1% | 6.5% | 6.5% | −8.5% |
| Free cash flow yield | 2.5% | 3.6% | 3.9% | −5.0% | 5.9% | 4.4% | 5.9% | 7.9% | 2.6% | −0.5% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.0% | 0.0% | 1.1% | 0.1% | 0.0% | 0.7% | 0.6% | 0.1% | 0.2% |
| Share price at fiscal year-end | $200.06 | $145.52 | $101.01 | $65.65 | $59.68 | $54.54 | $50.88 | $28.01 | $31.39 | $23.72 |
| Per share | ||||||||||
| Revenue per share | $46.69 | $42.14 | $37.36 | $31.61 | $26.23 | $24.65 | $24.99 | $33.87 | $32.47 | $34.92 |
| Earnings per share | $5.03 | $4.26 | $1.93 | $0.00 | $9.15 | $2.16 | $1.58 | $1.82 | $2.03 | −$2.02 |
| Operating cash flow per share | $6.87 | $6.07 | $4.47 | −$2.96 | $3.76 | $2.76 | $3.31 | $2.48 | $1.07 | $0.15 |
| Free cash flow per share | $4.97 | $5.27 | $3.96 | −$3.30 | $3.55 | $2.43 | $3.01 | $2.20 | $0.82 | −$0.12 |
| Cash per share | $7.50 | $3.33 | $2.13 | $3.20 | $8.35 | $1.40 | $1.21 | $1.54 | $2.83 | $2.36 |
| Book value per share | $46.12 | $29.41 | $25.63 | $23.35 | $23.72 | $13.99 | $11.18 | $9.29 | $7.17 | $4.54 |
| Tangible book value per share | $6.72 | −$3.25 | −$4.10 | $4.81 | $4.95 | −$0.73 | −$4.42 | −$3.98 | −$3.39 | −$6.33 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $1.90 | $0.81 | $0.51 | $0.34 | $0.21 | $0.33 | $0.30 | $0.28 | $0.25 | $0.28 |
| Debt per share | $10.34 | $14.24 | $11.98 | $5.34 | $5.29 | $9.01 | $8.75 | $8.55 | $8.13 | $8.45 |
| Shares outstanding | 48.5M | 47.1M | 46.6M | 46.2M | 46.5M | 45.8M | 45.0M | 44.7M | 43.9M | 42.2M |
| Change in shares outstanding | +3.0% | +1.0% | +0.8% | −0.6% | +1.6% | +1.8% | +0.7% | +1.7% | +4.1% | +3.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.5% | 15.5% | 7.9% | 0.0% | 48.8% | 17.3% | 15.5% | 22.3% | 35.3% | −31.8% |
| Return on invested capital (ROIC) | 12.9% | 13.7% | 12.2% | 3.5% | 6.4% | 9.9% | 12.5% | 17.1% | 12.0% | 10.1% |
| Return on assets (ROA) | 7.7% | 7.8% | 4.1% | 0.0% | 17.1% | 4.4% | 3.4% | 4.0% | 4.5% | −4.2% |
| Return on tangible assets | 14.4% | 17.0% | 8.5% | 0.0% | 24.2% | 6.0% | 4.9% | 5.5% | 5.7% | −5.9% |
| Free cash flow margin | 10.6% | 12.5% | 10.6% | −10.5% | 13.5% | 9.8% | 12.0% | 6.5% | 2.5% | −0.4% |
| Income quality (OCF / net income) | 1.37 | 1.43 | 2.32 | −684.00 | 0.41 | 1.28 | 2.10 | 1.36 | 0.53 | — |
| Financial health | ||||||||||
| Total debt | $501.6M | $670.3M | $558.3M | $246.8M | $246.0M | $412.4M | $393.5M | $381.8M | $356.8M | $356.2M |
| Cash & short-term investments | $364.0M | $156.9M | $99.4M | $147.8M | $388.2M | $64.0M | $54.6M | $68.8M | $124.3M | $99.6M |
| Net debt | $137.6M | $513.4M | $458.9M | $99.0M | −$142.2M | $348.4M | $338.9M | $313.0M | $232.5M | $256.6M |
| Debt / equity | 0.22 | 0.48 | 0.47 | 0.23 | 0.22 | 0.64 | 0.78 | 0.92 | 1.13 | 1.86 |
| Debt / assets | 0.14 | 0.25 | 0.23 | 0.13 | 0.09 | 0.18 | 0.18 | 0.19 | 0.17 | 0.19 |
| Net debt / EBITDA | 0.28 | 1.31 | 1.66 | 1.20 | −1.13 | 2.70 | 2.53 | 2.34 | 2.97 | 3.18 |
| Current ratio | 2.48 | 1.87 | 1.77 | 2.16 | 2.06 | 1.18 | 1.04 | 1.27 | 1.37 | 1.11 |
| Quick ratio | 1.82 | 1.23 | 1.08 | 1.43 | 1.62 | 0.91 | 0.78 | 1.00 | 1.06 | 0.80 |
| Interest coverage | 7.3 | 6.7 | 8.2 | 5.5 | 5.6 | 5.3 | 5.4 | 5.2 | 3.5 | 4.7 |
| Working capital | $682.6M | $366.0M | $308.4M | $387.3M | $463.9M | $103.0M | $23.5M | $128.2M | $171.5M | $51.3M |
| Invested capital | $2.38B | $1.90B | $1.65B | $1.18B | $960.7M | $988.5M | $841.3M | $727.9M | $547.2M | $448.2M |
| Tangible asset value | $325.9M | −$153.1M | −$191.0M | $222.3M | $230.1M | −$33.5M | −$198.6M | −$177.9M | −$148.8M | −$266.7M |
| Net current asset value | −$223.4M | −$545.8M | −$535.5M | −$130.6M | −$622.3M | −$1.02B | −$1.00B | −$1.04B | −$1.09B | −$1.19B |
| Graham number | $72.25 | $53.08 | $33.35 | $1.51 | $69.88 | $26.09 | $19.91 | $19.49 | $18.11 | — |
| Graham net-net per share | −$11.04 | −$16.87 | −$16.84 | −$7.93 | −$18.35 | −$29.93 | −$27.90 | −$27.75 | −$30.28 | −$32.25 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | $0 | $1.3M | $33.7M | $3.3M | $0 | $15.6M | $7.8M | $1.3M | $1.6M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | — | 0.0% | 0.7% | — | 2.0% | 0.0% | 11.5% | 7.9% | 3.6% | — |
| Capex / revenue | 4.1% | 1.9% | 1.4% | 1.1% | 0.8% | 1.4% | 1.2% | 0.8% | 0.8% | 0.8% |
| Capex / operating cash flow | 27.6% | 13.3% | 11.5% | — | 5.5% | 12.1% | 9.1% | 11.2% | 23.5% | 180.0% |
| Capex / depreciation | 0.75 | 0.41 | 0.38 | 0.34 | 0.23 | 0.48 | 0.55 | 0.44 | 0.44 | 0.44 |
| Stock-based compensation / revenue | 0.7% | 0.8% | 0.8% | 0.7% | 1.0% | 1.2% | 1.1% | 1.0% | 1.1% | 0.9% |
| R&D / revenue | 2.4% | — | 2.5% | 2.7% | 2.5% | 2.5% | 2.2% | 1.5% | 1.6% | 2.0% |
| SG&A / revenue | 21.1% | 20.9% | 22.7% | 24.3% | 25.4% | 28.4% | 28.3% | 19.3% | 19.8% | 20.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 60.2 | 57.2 | 61.2 | 67.4 | 74.2 | 92.4 | 111.8 | 75.7 | 66.5 | 69.0 |
| Days of inventory on hand | 77.6 | 84.4 | 88.7 | 84.5 | 79.9 | 77.2 | 71.8 | 45.0 | 48.1 | 51.1 |
| Days payables outstanding | 37.0 | 38.0 | 41.4 | 47.5 | 51.4 | 60.6 | 74.6 | 51.9 | 49.5 | 49.0 |
| Cash conversion cycle (days) | 100.8 | 103.5 | 108.5 | 104.4 | 102.7 | 109.0 | 109.0 | 68.9 | 65.0 | 71.1 |
| Receivables turnover | 6.06 | 6.39 | 5.97 | 5.41 | 4.92 | 3.95 | 3.27 | 4.82 | 5.49 | 5.29 |
| Payables turnover | 9.86 | 9.60 | 8.81 | 7.68 | 7.11 | 6.02 | 4.90 | 7.04 | 7.37 | 7.44 |
| Inventory turnover | 4.70 | 4.33 | 4.11 | 4.32 | 4.57 | 4.73 | 5.09 | 8.11 | 7.59 | 7.14 |
| Asset turnover | 0.72 | 0.77 | 0.80 | 0.64 | 0.49 | 0.50 | 0.54 | 0.74 | 0.72 | 0.72 |
| Average receivables | $373.6M | $310.6M | $291.9M | $269.9M | $247.8M | $285.6M | $344.1M | $313.9M | $259.6M | $278.4M |
| Average payables | $136.7M | $123.4M | $121.6M | $122.0M | $110.8M | $121.7M | $147.4M | $156.7M | $148.7M | $147.3M |
| Average inventory | $286.6M | $273.9M | $260.4M | $216.9M | $172.4M | $154.9M | $141.8M | $135.9M | $144.3M | $153.5M |
| Intangibles / total assets | 53.0% | 56.6% | 56.8% | 44.4% | 33.2% | 28.9% | 32.8% | 28.8% | 22.7% | 24.0% |
Computed from SPXC's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SPXC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), SPX Technologies traded at 39.8 times earnings, against a 10-year median of 28.7. Based on the latest twelve months, the trailing P/E is 29.3 and the forward P/E is 17.6. SPX Technologies earned a return on equity of 13.5% and a return on invested capital of 12.9% in fiscal 2025. It ended the year with $501.6 million of debt and $364.0 million in cash and short-term investments, net debt of $137.6 million. The share count rose 15.1% from 42.2M to 48.5M over 9 years.
See the SPXC income statement, the SPXC chart for price history, or the SPXC stock overview for the latest quote and news.
SPXC key metrics FAQ
What is SPX Technologies's P/E ratio?
SPX Technologies's trailing P/E ratio is 29.3 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 17.6. At the end of fiscal 2025 it was 39.8, compared with a 10-year median of 28.7.
What is SPX Technologies's EV/EBITDA?
SPX Technologies's enterprise value was 20.3 times EBITDA at the end of fiscal 2025 (enterprise value $9.8 billion, EBITDA $484.8 million); the current EV/EBITDA is 17.1.
What is SPX Technologies's return on equity?
SPX Technologies's return on equity (ROE) was 13.5% in fiscal 2025: net income of $244.0 million on average shareholders' equity of $1.8 billion.
What is SPX Technologies's ROIC?
SPX Technologies's return on invested capital was 12.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does SPX Technologies have?
SPX Technologies had total debt of $501.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and $137.6 million of net debt (0.28 times EBITDA).
What is SPX Technologies's free cash flow yield?
SPX Technologies generated $241.2 million of free cash flow in fiscal 2025, a free cash flow yield of 2.5% on its market value at year-end ($9.7 billion).
What is SPX Technologies's current ratio?
SPX Technologies's current ratio was 2.48 at the end of fiscal 2025: current assets were 2.48 times current liabilities.