SPX Technologies, Inc. (SPXC) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Machinery
EV/EBITDA
↓
21.46
-3% vs avg
5yr avg: 22.19
30Y Low1.2·High34.8
P/FCF
↑
44.26
↑+61% vs avg
5yr avg: 27.55
30Y Low1.1·High60.9
P/B Ratio
↑
4.61
↑+24% vs avg
5yr avg: 3.71
30Y Low0.3·High5.2
ROE
↓
13.6%
↑-21% vs avg
5yr avg: 17.2%
30Y Low-34%·High100%
Debt/EBITDA
↓
0.99
↓-47% vs avg
5yr avg: 1.86
30Y Low0.8·High27.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SPXC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SPX Technologies, Inc. trades at 42.0x earnings, 99% below its 5-year average of 3080.0x, sitting at the 96th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 63%. On a free-cash-flow basis, the stock trades at 44.3x P/FCF, 61% above the 5-year average of 27.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.7B | $9.7B | $6.9B | $4.7B | $3.0B | $2.8B | $2.5B | $2.3B | $1.3B | $1.4B | $1.0B |
| Enterprise Value | $10.8B | $9.8B | $7.4B | $5.2B | $3.1B | $2.6B | $2.8B | $2.6B | $1.6B | $1.6B | $1.3B |
| P/E Ratio → | 42.04 | 39.54 | 33.92 | 52.34 | 15267.44 | 6.52 | 25.73 | 32.20 | 15.39 | 15.46 | — |
| P/S Ratio | 4.71 | 4.28 | 3.45 | 2.70 | 2.08 | 2.28 | 2.21 | 2.04 | 0.83 | 0.97 | 0.68 |
| P/B Ratio | 4.61 | 4.34 | 4.95 | 3.94 | 2.81 | 2.52 | 3.90 | 4.55 | 3.02 | 4.38 | 5.22 |
| P/FCF | 44.26 | 40.24 | 27.64 | 25.51 | — | 16.82 | 22.49 | 16.93 | 12.74 | 38.39 | — |
| P/OCF | 32.03 | 29.12 | 23.96 | 22.58 | — | 15.89 | 19.76 | 15.39 | 11.31 | 29.39 | 153.86 |
P/E links to full P/E history page with 30-year chart
SPXC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SPX Technologies, Inc.'s enterprise value stands at 21.5x EBITDA, roughly in line with its 5-year average of 22.2x. The Industrials sector median is 13.9x, placing the stock at a 54% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.34 | 3.71 | 2.97 | 2.14 | 2.16 | 2.52 | 2.34 | 1.03 | 1.13 | 0.85 |
| EV / EBITDA | 21.46 | 19.53 | 18.42 | 18.12 | 32.17 | 22.70 | 22.08 | 18.98 | 11.14 | 18.93 | 13.02 |
| EV / EBIT | 28.36 | 25.82 | 24.46 | 24.20 | 86.08 | 31.72 | 29.32 | 23.92 | 14.75 | 30.28 | 23.19 |
| EV / FCF | — | 40.79 | 29.71 | 27.99 | — | 15.96 | 25.63 | 19.44 | 15.93 | 44.87 | — |
SPXC Profitability
Margins and return-on-capital ratios measuring operating efficiency
SPX Technologies, Inc. earns an operating margin of 16.8%, above the Industrials sector average of 4.9%. Operating margins have expanded from 12.7% to 16.8% over the past 3 years, signaling improving operational efficiency. ROE of 13.6% is modest. ROIC of 13.4% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.7% | 36.7% | 40.3% | 38.5% | 35.9% | 35.4% | 35.1% | 35.8% | 27.1% | 23.2% | 25.5% |
| Operating Margin | 16.8% | 16.8% | 15.5% | 12.7% | 3.5% | 6.0% | 8.6% | 10.1% | 7.4% | 4.2% | 4.8% |
| Net Profit Margin | 10.8% | 10.8% | 10.1% | 5.2% | 0.0% | 34.9% | 8.8% | 6.3% | 5.4% | 6.3% | -5.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 13.6% | 15.5% | 7.9% | 0.0% | 48.8% | 17.3% | 15.5% | 22.3% | 35.3% | -34.1% |
| ROA | 7.8% | 7.8% | 7.8% | 4.1% | 0.0% | 17.1% | 4.4% | 3.4% | 4.0% | 4.5% | -4.2% |
| ROIC | 13.4% | 13.4% | 13.0% | 11.8% | 3.6% | 5.7% | 7.9% | 10.9% | 13.2% | 9.0% | 10.2% |
| ROCE | 14.0% | 14.0% | 14.2% | 12.2% | 2.7% | 3.7% | 5.9% | 7.3% | 7.1% | 4.0% | 4.7% |
SPXC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SPX Technologies, Inc. carries a Debt/EBITDA ratio of 1.0x, which is very conservative (69% below the sector average of 3.2x). Net debt stands at $134M ($498M total debt minus $364M cash). Interest coverage of 7.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.48 | 0.47 | 0.23 | 0.22 | 0.64 | 0.78 | 0.92 | 1.13 | 1.86 |
| Debt / EBITDA | 0.99 | 0.99 | 1.68 | 1.96 | 2.53 | 2.12 | 3.20 | 2.84 | 2.72 | 4.19 | 3.69 |
| Net Debt / Equity | — | 0.06 | 0.37 | 0.38 | 0.09 | -0.13 | 0.54 | 0.67 | 0.75 | 0.74 | 1.34 |
| Net Debt / EBITDA | 0.27 | 0.27 | 1.28 | 1.61 | 1.02 | -1.23 | 2.70 | 2.45 | 2.23 | 2.73 | 2.66 |
| Debt / FCF | — | 0.56 | 2.07 | 2.49 | — | -0.86 | 3.14 | 2.51 | 3.19 | 6.48 | — |
| Interest Coverage | 7.46 | 7.46 | 6.59 | 7.85 | 3.91 | 6.34 | 5.27 | 5.23 | 4.93 | 3.11 | 3.66 |
SPXC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SPX Technologies, Inc.'s current ratio of 2.48x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.82x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.77x to 2.48x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.48 | 2.48 | 1.87 | 1.77 | 2.16 | 2.06 | 1.18 | 1.04 | 1.27 | 1.37 | 1.11 |
| Quick Ratio | 1.82 | 1.82 | 1.23 | 1.08 | 1.43 | 1.62 | 0.91 | 0.78 | 1.00 | 1.06 | 0.80 |
| Cash Ratio | 0.79 | 0.79 | 0.38 | 0.25 | 0.44 | 0.88 | 0.11 | 0.09 | 0.15 | 0.27 | 0.21 |
| Asset Turnover | — | 0.63 | 0.73 | 0.71 | 0.76 | 0.46 | 0.48 | 0.53 | 0.74 | 0.70 | 0.77 |
| Inventory Turnover | 4.75 | 4.75 | 4.37 | 3.87 | 3.84 | 4.15 | 4.73 | 4.66 | 8.56 | 7.66 | 7.53 |
| Days Sales Outstanding | — | 57.56 | 59.78 | 62.13 | 71.81 | 75.51 | 78.72 | 106.52 | 86.94 | 68.48 | 62.40 |
SPXC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SPX Technologies, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 2.5% | 2.9% | 1.9% | 0.0% | 15.3% | 3.9% | 3.1% | 6.5% | 6.5% | — |
| FCF Yield | 2.3% | 2.5% | 3.6% | 3.9% | — | 5.9% | 4.4% | 5.9% | 7.9% | 2.6% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.1% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.1% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $49M | $47M | $47M | $46M | $46M | $46M | $45M | $45M | $44M | $42M |
Peer Comparison
Compare SPXC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SPXCYou | $11B | 42.0 | 21.5 | 44.3 | 36.7% | 16.8% | 13.6% | 13.4% | 1.0 |
 GNRC | $16B | 99.4 | 34.5 | 58.5 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 FELE | $4B | 31.1 | 14.0 | 23.0 | 35.5% | 12.7% | 11.3% | 14.7% | 0.8 |
 AAON | $8B | 76.2 | 37.6 | — | 26.7% | 10.1% | 12.5% | 9.4% | 1.9 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 WTS | $10B | 28.7 | 18.0 | 27.4 | 49.5% | 19.3% | 18.2% | 21.2% | 0.4 |
 CARR | $57B | 39.9 | 21.9 | 33.4 | 25.9% | 9.9% | 10.5% | 6.7% | 4.1 |
 TT | $108B | 37.6 | 26.2 | 38.4 | 36.2% | 18.6% | 36.3% | 26.2% | 1.1 |
 LII | $19B | 24.4 | 18.6 | 29.5 | 33.0% | 19.5% | 78.1% | 29.8% | 1.8 |
 RXO | $3B | -33.3 | 37.4 | — | 17.7% | -0.1% | -6.3% | -0.2% | 7.9 |
 BWXT | $20B | 59.9 | 49.1 | 66.8 | 22.9% | 10.1% | 28.5% | 10.1% | 4.7 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSPXC — Frequently Asked Questions
Quick answers to the most common questions about buying SPXC stock.
What is SPX Technologies, Inc.'s P/E ratio?
SPX Technologies, Inc.'s current P/E ratio is 42.0x. The historical average is 13.6x. This places it at the 96th percentile of its historical range.
What is SPX Technologies, Inc.'s EV/EBITDA?
SPX Technologies, Inc.'s current EV/EBITDA is 21.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
What is SPX Technologies, Inc.'s ROE?
SPX Technologies, Inc.'s return on equity (ROE) is 13.6%. The historical average is 16.4%.
Is SPXC stock overvalued?
Based on historical data, SPX Technologies, Inc. is trading at a P/E of 42.0x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are SPX Technologies, Inc.'s profit margins?
SPX Technologies, Inc. has 36.7% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does SPX Technologies, Inc. have?
SPX Technologies, Inc.'s Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.