SPX Technologies, Inc. (SPXC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
SPXC Revenue Growth
Revenue Breakdown (FY 2023)
SPXC's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
SPXC Revenue Analysis (2014–2025)
As of May 8, 2026, SPX Technologies, Inc. (SPXC) generated trailing twelve-month (TTM) revenue of $2.35 billion, reflecting strong growth of +17.4% year-over-year. The most recent quarter (Q1 2026) recorded $566.8 million in revenue, down 11.1% sequentially.
Looking at the longer-term picture, SPXC's 5-year compound annual growth rate (CAGR) stands at +15.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.27 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SPXC's business is primarily driven by HVAC Reportable Segment (64%), and Detection and Measurement Reportable Segment (36%). With over half of revenue concentrated in HVAC Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including GNRC (-0.5% YoY), FELE (+8.0% YoY), and AAON (+28.3% YoY), SPXC has underperformed the peer group in terms of revenue growth. Compare SPXC vs GNRC →
SPXC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPXCCurrent | $2.3B | +17.4% | +15.0% | 16.8% | |
 GNRC | $4.2B | -0.5% | +11.1% | 6.9% | |
 FELE | $2.1B | +8.0% | +11.3% | 12.7% | |
 AAON | $1.4B | +28.3% | +22.9% | 10.1% | |
 TRMK | $1.1B | - | - | 25.5% | |
 WTS | $2.4B | +14.2% | +10.1% | 19.3% |
SPXC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.27B | +14.2% | $830.3M | 36.7% | $381.1M | 16.8% |
| 2024 | $1.98B | +13.9% | $799.4M | 40.3% | $308.3M | 15.5% |
| 2023 | $1.74B | +19.2% | $670.0M | 38.5% | $221.9M | 12.7% |
| 2022 | $1.46B | +19.8% | $523.9M | 35.9% | $51.0M | 3.5% |
| 2021 | $1.22B | +8.1% | $431.8M | 35.4% | $73.7M | 6.0% |
| 2020 | $1.13B | +0.4% | $395.5M | 35.1% | $96.9M | 8.6% |
| 2019 | $1.12B | -25.7% | $402.0M | 35.8% | $114.0M | 10.1% |
| 2018 | $1.51B | +6.1% | $410.0M | 27.1% | $112.5M | 7.4% |
| 2017 | $1.43B | -3.2% | $330.2M | 23.2% | $59.9M | 4.2% |
| 2016 | $1.47B | -5.6% | $375.8M | 25.5% | $70.0M | 4.8% |
Full SPXC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See SPXC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SPXC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SPXC vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonSPXC — Frequently Asked Questions
Quick answers to the most common questions about buying SPXC stock.
Is SPXC's revenue growth accelerating or slowing?
SPXC revenue is accelerating at +17.4% year-over-year, exceeding the 5-year CAGR of +15.0%. TTM revenue reached $2.3B. Growth momentum has increased versus prior periods.
What is SPXC's long-term revenue growth rate?
SPX Technologies, Inc.'s 5-year revenue CAGR of +15.0% reflects the sustained expansion pattern. Current YoY growth of +17.4% is above this long-term average.
How is SPXC's revenue distributed by segment?
SPXC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.