Is the business good?
How good a business is SPXC?
SPX Technologies, Inc. earns 10% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
10%
Return on invested capital · cost of capital 9.0% · 1.5 points above what the capital costs: growth creates value
- Operating margin
- 16%
Operating margin · Building Products & Equipment median 16% · 12 months to Q1 2026
- Cash conversion
- 1.07×
Cash conversion · 1.14× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +7.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 8.6% |
| FY2021 | 6.0% |
| FY2022 | 3.5% |
| FY2023 | 13% |
| FY2024 | 16% |
| FY2025 | 15% |
Details›
- Gross margin12 months to Q1 2026
- 41%
- Operating margin12 months to Q1 2026
- 16%
- Net margin12 months to Q1 2026
- 11%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $2.35B
- Free cash flow, trailing twelve months
- $270M
- Net income, trailing twelve months
- $253M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 10%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Building Products & Equipment
Ranks #10 of 18 by Smart Score