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SPXC Financials Spx Technologies, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 15.0% per year over the past 5 years.
  • Net income has grown faster than revenue (19.8% vs 15.0% per year).
  • Operating margin has expanded, at 15.5% in the latest year.
  • Free cash flow has grown 16.8% per year over the past 5 years.

Financial health

  • Total debt ($502M) exceeds cash ($364M); net debt is $138M.
  • Total debt has grown slower than revenue (4.0% vs 15.0% per year).
  • Operating income covered interest expense 7.3× in the latest year.
  • Total debt is 1.1× EBITDA.
Revenue & net income
-$83M $1B $2B $0 2009 2011 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-5% 18% 41% 0% 2009 2011 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$153M $48M $248M $0 2009 2011 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2009 2011 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$944M -$115M $714M $0 2009 2011 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.3B $244M 40.5% 15.5% $241M $502M $364M
2024 $2.0B $201M 40.3% 15.5% $248M $615M $157M
2023 $1.7B $90M 38.5% 12.7% $185M $558M $99M
2022 $1.5B $200000 35.9% 3.5% -$153M $247M $148M
2021 $1.2B $425M 35.4% 6.0% $165M $246M $388M
2020 $1.1B $99M 35.1% 8.6% $111M $412M $64M
2019 $1.1B $65M 35.8% 10.1% $135M $394M $51M
2018 $1.5B $81M 27.1% 7.4% $98M $382M $69M
2017 $1.4B $89M 23.2% 4.2% $36M $357M $124M
2016 $1.5B -$67M 25.5% 4.8% -$13M $356M $100M
2015 — -$83M — — -$55M $372M $97M
2014 — $393M — — $57M $1.4B $232M
2011 — $181M — — $177M $2.0B $551M
2010 — $206M — — $183M $1.2B $455M
2009 — $32M — — — — $523M

Valuation over time

How the market has priced SPXC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 12651.4 25302.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.8 5.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is SPXC growing its revenue and profit?

Over the past 5 years, Spx Technologies, Inc.'s revenue has grown 15.0% per year, and net income grown 19.8% per year. These are computed facts, not advice.

How much debt does SPXC have?

As of FY2025, Spx Technologies, Inc. reported $502M of total debt against $364M of cash; operating income covered interest expense 7.3×.

What is SPXC's profit margin?

In FY2025, gross margin was 40.5%, operating margin 15.5%, and net margin 10.8%.

What is SPXC's P/E ratio?

As of Jun '26, Spx Technologies, Inc. traded at a price-to-earnings ratio of about 50.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.