SPX (SPXC) AI Stock Analysis

• Market Cap: $11.12B
• Dividend Yield: N/A
• Average Volume (3M): 340.91K
• Price to Earnings (P/E): 46.4
• Beta (1Y): 1.46
• Revenue Growth: 12.60%
• EPS Growth: 24.02%
• Country: US
• Employees: 4,300
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 1.84
• Shares Outstanding: 49,835,570
• 10 Day Avg. Volume: 485,437
• 30 Day Avg. Volume: 340,906
• PEG Ratio: 0.28
• Price to Book (P/B): 4.85
• Price to Sales (P/S): 3.39
• P/FCF Ratio: 27.11
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 4.27
• Enterprise Value/Gross Profit: 10.75
• Enterprise Value/Ebitda: 20.33
• 1Y Price Target: $220.88
• Price Target Upside: -0.47% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 6.51
• Revenue Forecast (FY): $2.25B

• Rating: 75 Outperform
• Price Target: $252.00 ▲(13.55% Upside)

SPX Technologies demonstrates strong financial performance and positive earnings call sentiment, driving the overall score. Technical indicators suggest bullish momentum, though overbought conditions may lead to short-term volatility. The high P/E ratio indicates potential overvaluation, which slightly tempers the overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and product demand, supporting long-term business expansion and stability.

Cash Generation

Robust cash generation enhances financial flexibility, enabling strategic investments and debt reduction, supporting sustainable growth.

Balance Sheet Health

A strong balance sheet with low leverage provides resilience against economic downturns and supports long-term strategic initiatives.

Negative Factors

Industrial Market Challenges

Stagnant industrial markets may limit growth opportunities and pressure margins, affecting long-term revenue and profitability.

Project Sales Shift

Shifting sales can create revenue timing issues, impacting future financial performance and potentially causing earnings volatility.

Margin Fluctuations

Margin fluctuations can affect profitability, requiring careful management to maintain competitive positioning and financial health.

SPX Business Overview & Revenue Model

Company Description

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

How the Company Makes Money

SPX generates revenue through several key streams, primarily from the sales of its HVAC and Detection and Measurement products. The HVAC segment includes revenues from equipment sales, aftermarket parts, and service contracts, which are driven by demand for energy-efficient solutions in commercial and industrial applications. The Detection and Measurement segment earns income from the sale of specialized testing equipment and services, catering to regulatory and safety compliance needs. Additionally, SPX benefits from strategic partnerships and collaborations that enhance its product offerings and market reach, contributing to its overall earnings. The company's focus on innovation and customer-centric solutions further supports its revenue growth.

SPX Financial Statement Overview

Summary

SPX exhibits a strong financial position with consistent revenue and profit growth, efficient operational management, and a stable balance sheet. The company's focus on reducing debt and improving cash flow generation further strengthens its financial health. While there are minor fluctuations in margins, the overall trajectory is positive, positioning SPX well within the Industrial - Machinery sector.

Income Statement

SPX has demonstrated strong revenue growth with a 5.3% increase in the TTM period, supported by a healthy gross profit margin of 40.8%. The net profit margin stands at 10.3%, indicating solid profitability. The EBIT and EBITDA margins are robust at 11.3% and 19.7%, respectively, reflecting efficient operational management. Overall, the income statement shows a positive growth trajectory and profitability.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.23, suggesting prudent financial leverage. The return on equity is strong at 13.7%, indicating effective use of shareholder funds. The equity ratio of 62.3% reflects a solid capital structure. However, the decrease in total debt from the previous year highlights a focus on reducing leverage, which is a positive sign.

Cash Flow

SPX's cash flow performance is commendable, with a 10.5% growth in free cash flow, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 0.71 and free cash flow to net income ratio of 0.89 suggest efficient cash conversion. The company has improved its cash flow position significantly over the years, enhancing its financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.16B	1.98B	1.74B	1.46B	1.22B	1.13B
Gross Profit	857.80M	799.40M	670.00M	523.90M	431.80M	395.50M
EBITDA	453.70M	392.70M	276.70M	82.80M	125.30M	128.90M
Net Income	223.60M	200.50M	89.90M	200.00K	425.40M	99.00M
Balance Sheet
Total Assets	3.45B	2.71B	2.44B	1.93B	2.63B	2.33B
Cash, Cash Equivalents and Short-Term Investments	229.40M	156.90M	99.40M	147.80M	388.20M	64.00M
Total Debt	501.20M	670.30M	558.30M	246.80M	246.00M	412.40M
Total Liabilities	1.30B	1.33B	1.25B	851.70M	1.53B	1.69B
Stockholders Equity	2.15B	1.38B	1.19B	1.08B	1.10B	640.10M
Cash Flow
Free Cash Flow	271.50M	247.90M	184.60M	-152.70M	165.00M	111.00M
Operating Cash Flow	304.90M	285.90M	208.50M	-136.80M	174.60M	126.30M
Investing Cash Flow	-506.40M	-284.50M	-570.20M	―	314.10M	-126.10M
Financing Cash Flow	300.80M	53.10M	309.60M	-38.90M	-167.60M	15.90M

SPX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 221.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPXC, the sentiment is Positive. The current price of 221.92 is above the 20-day moving average (MA) of 198.68, above the 50-day MA of 191.53, and above the 200-day MA of 164.59, indicating a bullish trend. The MACD of 8.80 indicates Negative momentum. The RSI at 68.07 is Neutral, neither overbought nor oversold. The STOCH value of 68.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPXC.

SPX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DCI	78 Outperform	$9.96B	28.19	24.94%	1.31%	2.92%	-9.78%
SPXC	75 Outperform	$11.12B	46.43	12.76%	―	12.60%	24.02%
WTS	73 Outperform	$9.42B	29.13	17.81%	0.70%	4.18%	16.05%
RRX	69 Neutral	$9.14B	35.60	3.89%	0.99%	-4.99%	22.16%
PSN	67 Neutral	$8.85B	23.37	15.89%	―	-0.24%	389.03%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GTLS	60 Neutral	$8.96B	242.04	2.25%	―	5.47%	-75.40%

SPX Corporate Events

SPX Corporation Reports Strong Q3 2025 Earnings

In the recent earnings call, SPX Corporation delivered an optimistic outlook for Q3 2025, showcasing significant revenue and profit growth. The company reported increased guidance and a successful capital raise, which has notably enhanced its liquidity position. Despite some concerns about project sales shifts and challenges in the industrial markets, the overall sentiment was positive, reflecting robust growth across key segments and promising expansion and M&A initiatives.

SPX Technologies Reports Strong Q3 2025 Results

SPX Technologies, Inc., a diversified global supplier of engineered products, primarily operates in the HVAC and detection and measurement markets. The company, headquartered in Charlotte, North Carolina, reported robust financial results for the third quarter of 2025, with significant increases in revenue and earnings compared to the previous year. SPX Technologies reported a 22.6% increase in revenue, reaching $592.8 million, and a 24% rise in GAAP income from continuing operations, amounting to $63.1 million. The company’s adjusted EPS grew by 32.4% to $1.84, while adjusted EBITDA increased by 30.9% to $136.1 million. These results were driven by strong demand in key markets and successful integration of recent acquisitions.

SPX Secures $2.025 Billion Financing Package

On September 9, 2025, SPX Enterprises, LLC, a subsidiary of SPX Technologies, Inc., amended its existing credit agreement with Bank of America and other lenders to secure a $2.025 billion senior secured financing package. This amendment aims to enhance SPX’s financial flexibility, allowing for additional commitments and adjustments in credit facilities, while maintaining specific leverage and interest coverage ratios. The move is expected to impact the company’s operations by providing a robust financial structure to support its growth and investment strategies.

The most recent analyst rating on (SPXC) stock is a Buy with a $219.00 price target. To see the full list of analyst forecasts on SPX stock, see the SPXC Stock Forecast page.

SPX Technologies Completes $500 Million Stock Offering

On August 12, 2025, SPX Technologies, Inc. entered into an underwriting agreement with several underwriters for the offering and sale of 2,659,575 shares of its common stock at $188.00 per share, which closed on August 14, 2025. The offering, which could potentially include an additional 398,936 shares, resulted in gross proceeds of approximately $500 million, enhancing SPX Technologies’ financial position and market operations.

The most recent analyst rating on (SPXC) stock is a Buy with a $175.00 price target. To see the full list of analyst forecasts on SPX stock, see the SPXC Stock Forecast page.