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The latest update is out from Spirax Group ( (GB:SPX) ).
Spirax Group reported 5% organic revenue growth to £1.70bn in 2025, comfortably outpacing global industrial production, with all three divisions delivering organic sales gains and improved adjusted margins that lifted the Group’s organic adjusted operating margin to 20%. Reported statutory profit fell, however, as one‑off restructuring charges weighed on operating profit and margins, even as the company improved cash conversion, cut leverage to 1.5 times EBITDA, raised returns on capital and increased its dividend.
Steam Thermal Solutions grew modestly on an organic basis but faced pressure on statutory margins, while Electric Thermal Solutions and Watson‑Marlow posted double‑digit and mid‑single‑digit organic sales growth respectively, aided by recovering semiconductor and biopharma demand. Management said a completed efficiency and simplification drive is now delivering £40m of annualised savings to support further investment, underpinning expectations of continued organic growth and margin progress in 2026 despite a volatile macroeconomic backdrop.
The most recent analyst rating on (GB:SPX) stock is a Buy with a £10500.00 price target. To see the full list of analyst forecasts on Spirax Group stock, see the GB:SPX Stock Forecast page.
Spark’s Take on GB:SPX Stock
According to Spark, TipRanks’ AI Analyst, GB:SPX is a Outperform.
Spirax Sarco Engineering’s strong financial performance and positive earnings call sentiment are the most significant factors contributing to its score. Technical analysis indicates a neutral trend, while valuation suggests the stock may be overvalued. The company’s strategic initiatives and restructuring efforts provide a positive outlook despite some regional challenges.
To see Spark’s full report on GB:SPX stock, click here.
More about Spirax Group
Spirax Group is a UK‑based engineering company focused on thermal energy and fluid technology solutions that help industrial customers improve efficiency, safety and decarbonisation. Operating through Steam Thermal Solutions, Electric Thermal Solutions and Watson‑Marlow Fluid Technology Solutions, it serves sectors from food and healthcare to semiconductors and biopharma, with more than 30 plants and 100,000 customers worldwide.
Average Trading Volume: 205,081
Technical Sentiment Signal: Buy
Current Market Cap: £5.2B
See more insights into SPX stock on TipRanks’ Stock Analysis page.