Reading the tape
NYSE: SPXC
SPX Technologies, Inc.
Industrials · Industrial - Machinery
Market Cap
$11.15B
52w High
$246.68
52w Low
$122.62
P/E
43.69
Volume
1.48M
Outstanding Shares
49.88M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 74.18%Revenue (TTM): 14.17%FCF (TTM): -2.34%P/FCF: 85th pct
What changed
The stock rose 74.18% over the last year. Revenue grew 14.17% over the trailing twelve months. Operating margin moved from 15.54% to 15.54%. Free cash flow declined 2.34% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (85th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 15.54% — continued expansion would be needed to justify the premium. Revenue growth of 14.17% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
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.
CEOEugene Joseph Lowe
SectorIndustrials
IndustryIndustrial - Machinery
Employees4,300
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA20.01
Enterprise value$9.7B
Stock splits
Sep 28, 2015↑ Forward
Every 1000 shares became 3971
Oct 25, 2002↑ Forward
Every 1 shares became 2
Jul 6, 1983↑ Forward
Every 1 shares became 2
Sep 20, 1976↑ Forward
Every 4 shares became 5
Profitability & growth
Revenue growth19.41%
Gross margin38.61%▼9.03%vs FY2024
Operating margin15.54%▲0.06%vs FY2024
ROE10.97%▼24.24%vs FY2024
Analyst consensus
RatingBuy
Target price$235.67▲5.44%
8
Buy
3
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Apr 30, 2026
Q2 FY26 · EPS est $1.54 · Revenue est $557.62M
View
Reported EPS · Q1 '26 · 4 beats in the last 4 quarters
Beat by 1.1%Actual $1.88 · Estimate $1.86 · Vs prev actual Q4 '25 +$0.04 (+2.2%)
Actual
Estimate
Beat
Miss
In line