SPXC SPX Technologies, Inc. Common Stock

NYSE · Machinery · View on SEC EDGAR ↗
$203.44
Price · Aug 25, 2026
Fundamentals as of Jul 31, 2026

About SPX Technologies, Inc. Common Stock Company overview from Wikipedia

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX's products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetection, and Pearpoint. SPX operates in 17 countries with a sales presence in 100 countries, and over 6,000 employees worldwide. In 2019, the company earned approximately $1.5 billion in annual revenue.

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SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX's products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetection, and Pearpoint. SPX operates in 17 countries with a sales presence in 100 countries, and over 6,000 employees worldwide. In 2019, the company earned approximately $1.5 billion in annual revenue.

## History

SPX was founded on December 20, 1911, in Muskegon, Michigan, as the Piston Ring Company by Charles E. Johnson and Paul R. Beardsley. The company was entirely devoted to the production of piston rings of leading engine builders. In 1925, Piston Ring bought the No-Leak-O Piston Ring Company, allowing the company to increase production of engine components. After acquiring Accuralite Company in 1931, the company changed its name to Sealed Power Corporation and also started manufacturing piston rings, pistons and cylinder sleeves for various military applications.

Sealed Power Co.’s first plant opened outside Muskegon in 1946. In 1957, a Replacement Distribution Center was added in LaGrange, Indiana. The new distribution center serviced 33 smaller distribution outlets in major cities throughout the United States and Canada.

The company acquired Kent-Moore Corporation in 1982. Within its first year, Kent-Moore contributed $86 million to Sealed Power. In 1985, Sealed Power expanded even further by acquiring the Owatonna Tool Company (OTC) and its subsidiaries. That same year the V.L. Churchill Group of Daventry, England, was also acquired, giving Sealed Power an international overseas presence. Through its multiple acquisitions, the company broadened its production and market scope. In 1988, the company changed its name to SPX Corporation. For the next 10 years, they remained a U.S.-centric automotive component manufacturer with nearly $1 billion in sales. In 1998, General Signal Corporation was acquired for $2.3 billion, specializing in production of process control, electrical control, and industrial technological industries. United Dominion Industries Limited, a manufacturer of engineered products, was acquired in 2001. SPX's headquarters relocated to Charlotte, North Carolina, in 2002.

In 2012, SPX president Charles E Johnson II sold its Service Solutions business for approximately $1.15 billion to Robert Bosch GmbH.

In 2015, SPX Flow was founded, a spin-off from its parent company. Led by Chris Kearney and Jeremy Smeltser, SPX Flow supplies highly engineered flow components, process equipment, and turn-key systems to food and beverage, power and energy, and industrial end markets. After splitting from SPX Flow, SPX acquired both CUES Inc., a pipeline inspection manufacturer, and Schonstedt Instrument Co., a manufacturer and distributor of magnetic locator products, in 2018. TSPX Flow was acquired by Lone Star Funds for $3.8 billion in 2022.

In December 2015, SPX announced that it would also acquire the marine and aviation warning-light corporation Carmanah Technologies.

In 2019, the corporation acquired SGS Refrigeration Inc., a manufacturer and supplier of industrial refrigeration products, following its ongoing partnership since 2015. Patterson-Kelley was acquired that same year to join SPX's HVAC solutions division.

In September 2020, SPX acquired ULC Robotics Inc., a developer of robotics systems and inspection technology for natural gas networks, in a $135 million deal. Sensors & Software Inc. was also acquired by SPX in November 2020. Sensors & Software Inc. is an Ontario-based manufacturer and distributor of Ground Penetrating Radar (GPR) products used for geotechnical and geological investigations, unexploded ordnance detection, and locating underground utilities. The company joined SPX's Radiodetection business unit. From 2017 to 2020, SPX's earnings per share (EPS) has grown by 70% per year. Its revenue is up by 1.6% in 2020.

In February 2024, SPX expanded its HVAC business by acquiring, Ingenia Technologies, a Canadian manufacturer of custom commercial air quality systems, headquartered in Mirabel, Quebec, for $300 million.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

SPXC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$203.44
Market Cap
$10.14B
P/E (TTM)
40.4
EPS (TTM)
$5.03
Revenue (TTM)
$2.27B
Div Yield
ROE
12.9%
Debt/Equity
0.0
52W Range
$180 – $251

SPXC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.27B
10-point trend, +53.8%
2016-12-31 2025-12-31
EPS $5.03
10-point trend, +349.0%
2016-12-31 2025-12-31
Free Cash Flow $241M
10-point trend, +4738.5%
2016-12-31 2025-12-31
Margins 10.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SPXC
Peer Median
P/E (TTM)
5-point trend, +57.5%
40.4
37.6
P/S (TTM)
5-point trend, +97.9%
4.5
3.3
P/B
5-point trend, +81.2%
4.5
3.1
EV / EBITDA
5-point trend, +0.8%
20.7
Price / FCF
5-point trend, +151.5%
42.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SPXC
Peer Median
Operating Margin
5-point trend, +156.1%
15.5%
Net Profit Margin
5-point trend, -69.1%
10.8%
8.9%
ROA
5-point trend, -55.0%
7.7%
6.6%
ROE
5-point trend, -66.9%
12.9%
11.9%
ROIC
5-point trend, +119.6%
12.2%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SPXC
Peer Median
Debt / Equity
5-point trend, -84.1%
0.0
Current Ratio
5-point trend, +20.7%
2.5
2.6
Quick Ratio
5-point trend, +12.4%
1.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SPXC
Peer Median
Revenue YoY
5-point trend, +85.7%
14.2%
Revenue CAGR 3Y
5-point trend, +85.7%
15.7%
Revenue CAGR 5Y
5-point trend, +85.7%
15.0%
EPS YoY
5-point trend, -45.0%
18.1%
Net Income YoY
5-point trend, -42.6%
21.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SPXC
Peer Median
EPS (Diluted)
5-point trend, -45.0%
$5.03

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SPXC
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
June 12, 2015$0.0944
March 12, 2015$0.0944
Dec. 11, 2014$0.0944
Sept. 11, 2014$0.0944
June 12, 2014$0.0944
March 12, 2014$0.0944
Dec. 10, 2013$0.0630
Sept. 12, 2013$0.0630
June 12, 2013$0.0630
March 12, 2013$0.0630
Dec. 10, 2012$0.0630
Sept. 12, 2012$0.0630
June 12, 2012$0.0630
March 12, 2012$0.0630
Dec. 12, 2011$0.0630
Sept. 12, 2011$0.0630
June 10, 2011$0.0630
March 14, 2011$0.0630
Dec. 13, 2010$0.0630
Sept. 13, 2010$0.0630

SPXC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 19 analysts
  • Strong Buy 7 36.8%
  • Buy 10 52.6%
  • Hold 2 10.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

12 analysts · 2026-08-24
Median target $280.00 +37.6%
Mean target $272.17 +33.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
62.5%
Avg Surprise
0.09%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.02 $1.88 0.14%
March 31, 2026 $1.69 $1.60 0.09%
Dec. 31, 2025 $1.88 $1.91 -0.03%
Sept. 30, 2025 $1.84 $1.65 0.19%
June 30, 2025 $1.65 $1.48 0.17%
March 31, 2025 $1.38 $1.20 0.18%
Sept. 30, 2000 $0.78 $0.82 -0.05%
June 30, 2000 $0.75 $0.75 0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SPXC $9.98B 39.8 14.2% 10.8% 12.9%
FELE $4.22B 29.7 5.4% 6.9% 11.4% 35.5%
CECO $2.13B 43.7 0.00% 6.7% 17.7% 35.9%
MWA $3.99B 20.9 8.8% 13.4% 20.7% 36.1%
KAI $4.19B 33.1 -0.11% 9.7% 11.2%
SXI $4.31B 41.3 12.8% 11.7% 14.4% 41.7%
WOR $2.76B 18.1 19.7% 11.3% 15.9% 27.4%
HLIO $1.81B 37.7 4.1% 5.8% 5.2% 32.3%
KMT 7.9 19.8% 14.5% 24.0% 41.2%
MFP
GRC $1.26B 23.6 3.4% 7.8% 13.1% 30.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +33.7% $2.27B $1.98B $1.74B $1.46B $1.22B $1.13B $1.12B $1.51B $1.43B $1.47B $1.56B $1.69B
Cost of Revenue 12-point trend, +1.5% $1.35B $1.18B $1.07B $937M $788M $733M $722M $1.10B $1.10B $1.10B $1.28B $1.33B
Gross Profit · · · · · · · · · · · $426M
R&D Expense 12-point trend, +78.8% $54M $46M $43M $39M $31M $28M $24M $23M $23M $29M $29M $30M
SG&A Expense 12-point trend, -6.6% $478M $415M $394M $356M $310M $272M $276M $289M $277M $286M $388M $511M
Operating Income 12-point trend, +289.1% $350M $308M $222M $51M $74M $97M $114M $112M $60M $70M $-122M $-185M
Interest Expense 10-point trend, +15.3% · · $27M $9M $13M $18M $21M $22M $17M $15M $22M $24M
Interest Income 12-point trend, +37.1% $5M $2M $2M $2M $500.0K $200.0K $2M $2M $1M $800.0K $1M $4M
Other Non-op 12-point trend, -98.3% $8M $-9M $-10M $-15M $9M $-100.0K $-5M $-8M $-7M $-15M $-10M $490M
Pretax Income 12-point trend, +24.6% $314M $255M $186M $27M $70M $79M $89M $84M $36M $39M $-154M $252M
Income Tax 12-point trend, -50.1% $69M $54M $42M $7M $11M $5M $12M $3M $-48M $9M $-3M $138M
Net Income 12-point trend, -38.0% $244M $200M $90M $200.0K $425M $99M $65M $81M $89M $-67M $-83M $393M
EPS (Basic) 12-point trend, -45.0% $5.10 $4.34 $1.97 $0.00 $9.39 $2.22 $1.61 $1.89 $2.11 $-2.05 $-2.03 $9.28
EPS (Diluted) 12-point trend, -45.0% $5.03 $4.26 $1.93 $0.00 $9.15 $2.16 $1.58 $1.82 $2.03 $-2.02 $-2.03 $9.14
Shares (Basic) 12-point trend, +12.8% 47,830,000 46,187,000 45,545,000 45,345,000 45,289,000 44,628,000 43,942,000 43,054,000 42,413,000 41,610,000 40,733,000 42,400,000
Shares (Diluted) 12-point trend, +12.7% 48,511,000 47,078,000 46,612,000 46,221,000 46,495,000 45,766,000 44,957,000 44,660,000 43,905,000 42,161,000 40,733,000 43,031,000
EBITDA 12-point trend, +52.0% $473M $400M $285M $97M $116M $174M $142M $137M $80M $82M $-131M $311M
Balance Sheet 25
Annual Balance Sheet data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +57.0% $364M $157M $99M $148M $388M $64M $51M $68M $124M $100M $97M $232M
Receivables 12-point trend, -24.6% $357M $314M $280M $264M $223M $211M $265M $269M $268M $252M $305M $474M
Inventory 12-point trend, +80.5% $302M $271M $277M $244M $190M $155M $155M $129M $143M $146M $161M $167M
Other Current Assets 12-point trend, -0.5% $55M $32M $37M $42M $73M $88M $93M $40M $98M $31M $27M $56M
Current Assets 12-point trend, -48.4% $1.14B $784M $710M $721M $903M $675M $632M $598M $632M $528M $782M $2.22B
PP&E (Net) 6-point trend, -24.7% · · · · · · $179M $184M $187M $196M $205M $238M
PP&E (Gross) 6-point trend, -7.4% · · · · · · $483M $479M $467M $462M $457M $522M
Accum. Depreciation 6-point trend, +7.2% · · · · · · $304M $294M $280M $267M $252M $284M
Goodwill 12-point trend, +190.5% $1.04B $834M $705M $455M $457M $369M $318M $394M $346M $340M $354M $359M
Intangibles 12-point trend, +413.1% $868M $703M $681M $402M $416M $305M $252M $198M $118M $118M $154M $169M
Other Non-current Assets 12-point trend, -59.8% $250M $164M $189M $197M $676M $592M $606M $658M $707M $680M $628M $623M
Total Assets 12-point trend, -38.8% $3.60B $2.71B $2.44B $1.93B $2.63B $2.33B $2.17B $2.06B $2.04B $1.91B $2.18B $5.89B
Accounts Payable 12-point trend, -30.9% $145M $128M $119M $124M $120M $102M $141M $154M $160M $138M $157M $210M
Accrued Liabilities 12-point trend, -57.9% $185M $171M $168M $148M $218M $207M $220M $184M $293M $304M $350M $440M
Short-term Debt 12-point trend, -99.1% $1M $10M $18M $2M $2M $101M $143M $32M $7M $15M $22M $156M
Current Liabilities 12-point trend, -71.4% $461M $418M $401M $334M $440M $572M $609M $470M $461M $476M $655M $1.61B
Capital Leases 8-point trend, +429.3% $61M $44M $28M $34M $32M $31M $18M · · · · $12M
Other Non-current Liabilities 12-point trend, -70.2% $246M $224M $204M $208M $788M $741M $747M $817M $886M $879M $812M $824M
Total Debt 12-point trend, -97.7% $5M $38M $35M $4M $15M $108M $144M $50M $8M $33M $31M $212M
Retained Earnings 12-point trend, -81.6% $483M $239M $38M $-52M $-52M $-477M $-585M $-650M $-742M $-832M $898M $2.63B
Treasury Stock 12-point trend, -87.3% $445M $452M $459M $466M $444M $452M $460M $476M $503M $520M $3.49B $3.49B
AOCI 12-point trend, +316.1% $260M $224M $261M $258M $264M $248M $244M $245M $250M $235M $283M $63M
Stockholders' Equity 12-point trend, +23.7% $2.24B $1.38B $1.19B $1.08B $1.10B $640M $512M $415M $315M $192M $308M $1.81B
Liabilities + Equity 12-point trend, -38.8% $3.60B $2.71B $2.44B $1.93B $2.63B $2.33B $2.13B $2.06B $2.04B $1.91B $2.18B $5.89B
Shares Outstanding 12-point trend, +22.0% 49,866,896 46,368,240 45,675,000 45,292,000 45,468,000 45,032,000 44,203,000 43,451,000 42,651,000 41,940,000 41,416,000 40,858,000
Cash Flow 17
Annual Cash Flow data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +202.0% $123M $92M $63M $46M $42M $32M $24M $28M $25M $26M $37M $41M
Stock-based Comp 12-point trend, -48.9% $17M $15M $13M $11M $13M $13M $13M $16M $16M $14M $34M $33M
Deferred Tax 12-point trend, +133.0% $26M $-15M $-25M $-21M $-1M $300.0K $14M $900.0K $-21M $0 $5M $-79M
Amort. of Intangibles 12-point trend, +1501.8% $91M $64M $44M $28M $22M $14M $9M $4M $600.0K $3M $5M $6M
Other Non-cash 12-point trend, +79.9% $-76M $-6M $67M $-173M $-304M $-38M $20M $-15M $-62M $34M $9M $-378M
Operating Cash Flow 12-point trend, +336.3% $333M $286M $208M $-137M $175M $126M $149M $111M $47M $-1M $-38M $76M
CapEx 12-point trend, +377.2% $92M $38M $24M $16M $10M $15M $14M $12M $11M $12M $16M $19M
Investing Cash Flow 12-point trend, -189.4% $-561M $-284M $-570M $-66M $314M $-126M $-154M $-181M $-11M $13M $-54M $627M
Stock Issued 3-point trend, +551100000.00 $551M $0 $0 · · · · · · · · ·
Stock Repurchased 8-point trend, -100.0% · $0 $0 $34M $0 $0 · · · $0 $0 $489M
Net Stock Activity 7-point trend, +212.7% $551M $0 $0 $-34M · · · · · $0 $0 $-489M
Dividends Paid 2-point trend, -23.2% · · · · · · · · · · $46M $60M
Financing Cash Flow 12-point trend, +147.1% $426M $53M $310M $-39M $-168M $16M $-11M $17M $-6M $-20M $-176M $-903M
Net Change in Cash 12-point trend, +177.4% $205M $56M $-52M $-239M $328M $14M $-14M $-56M $25M $-2M $-326M $-264M
Taxes Paid 12-point trend, -81.8% $57M $44M $58M $-60M $-6M $8M $7M $-44M $-23M $-5M $51M $315M
Free Cash Flow 12-point trend, +1476.5% $241M $248M $185M $-153M $165M $105M $131M $98M $37M $-5M $-56M $15M
Levered FCF 10-point trend, +657.0% · · $163M $-159M $154M $89M $113M $77M $-3M $-17M $-77M $-29M
Profitability 7
Annual Profitability data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, +261.4% 15.5% 15.5% 12.7% 3.5% 6.0% 8.5% 7.1% 7.0% 3.8% 3.7% -9.9% 4.3%
Net Margin 12-point trend, +30.9% 10.8% 10.1% 5.2% 0.01% 34.9% 6.2% 4.3% 5.3% 6.3% -4.6% -6.8% 8.2%
Pretax Margin 12-point trend, +10.2% 13.9% 12.9% 10.7% 1.9% 5.7% 7.5% 5.5% 5.2% 2.5% 2.7% -11.8% 12.6%
EBITDA Margin 12-point trend, +216.8% 20.9% 20.2% 16.4% 6.7% 9.5% 11.1% 9.3% 8.9% 5.6% 5.5% -7.6% 6.6%
ROA 12-point trend, +26.8% 7.7% 7.8% 4.1% 0.01% 17.2% 4.3% 3.1% 4.0% 4.5% -3.3% -2.9% 6.1%
ROE 12-point trend, -33.8% 12.9% 14.6% 7.7% 0.02% 39.1% 16.0% 13.6% 22.3% 34.1% -28.9% -10.9% 19.5%
ROIC 12-point trend, +92.0% 12.2% 17.1% 14.0% 3.4% 5.6% 15.5% 14.0% 22.7% 39.6% 18.9% -42.5% 6.4%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +80.3% 2.5 1.9 1.8 2.2 2.1 1.2 1.0 1.3 1.4 1.1 1.2 1.4
Quick Ratio 12-point trend, +68.4% 1.6 1.1 0.9 1.2 1.4 0.6 0.5 0.7 0.8 0.7 0.7 0.9
Debt / Equity 12-point trend, -98.1% 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.1 0.0 0.2 0.1 0.1
Interest Coverage 10-point trend, +182.0% · · 8.2 5.5 5.5 7.2 5.1 5.0 3.2 3.7 -7.7 2.9
Efficiency 3
Annual Efficiency data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -3.2% 0.7 0.8 0.8 0.6 0.5 0.7 0.7 0.8 0.7 0.7 0.4 0.7
Inventory Turnover 12-point trend, -29.7% 4.7 4.3 4.1 4.3 4.6 6.8 7.6 9.7 7.6 7.1 8.4 6.7
Receivables Turnover 12-point trend, +62.9% 6.8 6.7 6.4 6.0 5.6 5.8 5.7 6.1 5.5 5.3 4.1 4.1
Per Share 6
Annual Per Share data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +0.8% $44.87 $29.86 $26.15 $23.83 $24.26 $13.97 $11.37 $9.55 $7.38 $4.57 $8.34 $44.49
Revenue / Share 12-point trend, -57.4% $46.69 $42.14 $37.36 $31.61 $26.23 $34.08 $33.93 $34.45 $32.47 $34.92 $42.21 $109.71
Cash Flow / Share 12-point trend, +287.0% $6.87 $6.07 $4.47 $-2.96 $3.76 $2.76 $3.31 $2.48 $1.08 $0.15 $-0.95 $1.78
Cash / Share 12-point trend, -30.3% $7.30 $3.38 $2.18 $3.26 $8.54 $1.52 $1.24 $1.58 $2.91 $2.37 $2.45 $10.47
Dividend / Share 2-point trend, -50.0% · · · · · · · · · · $1 $2
EPS (TTM) 12-point trend, -45.0% $5.03 $4.26 $1.93 $0.00 $9.15 $2.16 $1.58 $1.82 $2.03 $-2.02 $-2.03 $9.14
Growth Rates 9
Annual Growth Rates data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +74.9% 14.2% 13.9% 19.2% 19.8% 8.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +1.1% 15.7% 17.6% 15.6% · · · · · · · · ·
Revenue CAGR 5Y 15.0% · · · · · · · · · · ·
EPS YoY 3-point trend, -94.4% 18.1% 120.7% · · 323.6% · · · · · · ·
EPS CAGR 3Y 2-point trend, -511.4% · -22.5% -3.7% · · · · · · · · ·
EPS CAGR 5Y 18.4% · · · · · · · · · · ·
Net Income YoY 5-point trend, -93.4% 21.7% 123.0% 44850.0% -100.0% 329.7% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +30749.7% 968.5% -22.2% -3.2% · · · · · · · · ·
Net Income CAGR 5Y 19.8% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for SPXC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +33.7% $2.27B $1.98B $1.74B $1.46B $1.22B $1.13B $1.12B $1.51B $1.43B $1.47B $1.56B $1.69B
Net Income TTM 12-point trend, -38.0% $244M $200M $90M $200.0K $425M $99M $65M $81M $89M $-67M $-83M $393M
Market Cap 12-point trend, +1028.5% $9.98B $6.75B $4.61B $2.97B $2.71B $2.46B $2.25B $1.22B $1.34B $995M $386M $884M
Enterprise Value 12-point trend, +1339.0% $9.62B $6.63B $4.55B $2.83B $2.34B $2.50B $2.34B $1.20B $1.22B $928M $316M $668M
P/E 11-point trend, +1580.1% 39.8 34.2 52.3 · 6.5 25.2 32.2 15.4 15.5 -11.7 -4.6 2.4
P/S 12-point trend, +744.2% 4.4 3.4 2.6 2.0 2.2 2.2 2.0 0.8 0.9 0.7 0.2 0.5
P/B 12-point trend, +816.9% 4.5 4.9 3.9 2.8 2.5 3.9 4.5 2.9 4.3 5.2 1.1 0.5
P / Tangible Book 3-point trend, +159.6% 30.6 · · 13.4 11.8 · · · · · · ·
P / Cash Flow 12-point trend, +158.7% 29.9 23.6 22.1 -21.7 15.5 19.4 15.1 11.0 28.1 153.0 -10.0 11.6
P / FCF 12-point trend, -28.4% 41.4 27.2 25.0 -19.5 16.4 23.4 17.2 12.4 36.6 -191.3 -6.9 57.8
EV / EBITDA 12-point trend, +846.4% 20.3 16.6 16.0 29.0 20.2 14.4 16.4 8.8 15.3 11.4 -2.4 2.1
EV / FCF 12-point trend, -8.7% 39.9 26.7 24.6 -18.5 14.2 23.8 17.9 12.2 33.4 -178.4 -5.6 43.7
EV / Revenue 12-point trend, +976.5% 4.2 3.3 2.6 1.9 1.9 2.2 2.1 0.8 0.9 0.6 0.2 0.4
Dividend Yield 2-point trend, +75.7% · · · · · · · · · · 11.9% 6.8%
Earnings Yield 12-point trend, -94.1% 2.5% 2.9% 1.9% 0.00% 15.3% 4.0% 3.1% 6.5% 6.5% -8.5% -21.8% 42.2%
Payout Ratio · · · · · · · · · · -39.2% ·
Annual Payout 2-point trend, -23.2% · · · · · · · · · · $46M $60M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.27B$1.98B$1.74B$1.46B$1.22B
Operating Margin % 15.5%15.5%12.7%3.5%6.0%
Net Income $244M$200M$90M$200.0K$425M
Diluted EPS $5.03$4.26$1.93$0.00$9.15
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.00.00.00.00.0
Current Ratio 2.51.91.82.22.1
Quick Ratio 1.61.10.91.21.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $241M$248M$185M$-153M$165M

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Institutional owners (13F) 547 filers · $7.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
93 (+10 vs prior Q) 59 (+7 vs prior Q) 175 (+10 vs prior Q) 160 (+2 vs prior Q) +1.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital International Investors $629,194,726 2,566,361 8.51% Shares
Capital World Investors $572,974,549 2,337,050 7.75% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $555,434,596 2,265,508 7.51% Shares
VANGUARD CAPITAL MANAGEMENT LLC $553,897,871 2,259,240 7.49% Shares
STATE STREET CORP $381,663,285 1,557,133 5.16% Shares
FIRST TRUST ADVISORS LP $205,303,641 837,393 2.78% Shares
FMR LLC $201,942,606 823,684 2.73% Shares
DIMENSIONAL FUND ADVISORS LP $196,774,668 802,606 2.66% Shares
GEODE CAPITAL MANAGEMENT, LLC $183,234,137 747,142 2.48% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $163,736,000 667,845 2.21% Shares
EARNEST PARTNERS LLC $148,829,958 607,048 2.01% Shares
NORGES BANK $143,448,722 585,099 1.94% Shares
NEUBERGER BERMAN GROUP LLC $137,169,183 559,486 1.86% Shares
Conestoga Capital Advisors, LLC $134,150,895 547,175 1.81% Shares
AMERIPRISE FINANCIAL INC $115,876,169 472,636 1.57% Shares
Port Capital LLC $109,158,510 445,236 1.48% Shares
D. E. Shaw & Co., Inc. $105,275,753 429,399 1.42% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $97,256,732 396,691 1.32% Shares
Artisan Partners Limited Partnership $94,066,335 383,678 1.27% Shares
Point72 Asset Management, L.P. $85,836,714 350,111 1.16% Shares
VANGUARD FIDUCIARY TRUST CO $77,726,981 317,033 1.05% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $75,706,780 308,793 1.02% Shares
ALLIANCEBERNSTEIN L.P. $73,690,086 368,561 1.00% Shares
Amundi $64,773,751 264,097 0.88% Shares
MILLENNIUM MANAGEMENT LLC $58,595,140 238,998 0.79% Shares
Balyasny Asset Management L.P. $53,024,632 216,277 0.72% Shares
GENEVA CAPITAL MANAGEMENT LLC $51,718,475 210,949 0.70% Shares
Driehaus Capital Management LLC $50,345,414 205,349 0.68% Shares
NORDEA INVESTMENT MANAGEMENT AB $49,087,797 201,634 0.66% Shares
Champlain Investment Partners, LLC $47,633,834 194,289 0.64% Shares
NEW YORK STATE COMMON RETIREMENT FUND $46,206,700 188,468 0.62% Shares
MORGAN STANLEY $45,024,071 183,644 0.61% Shares
BROWN BROTHERS HARRIMAN & CO $42,433,533 173,078 0.57% Shares
STOREBRAND ASSET MANAGEMENT AS $41,618,343 169,753 0.56% Shares
TWO SIGMA INVESTMENTS, LP $40,294,915 164,355 0.55% Shares
JANE STREET GROUP, LLC $40,202,241 163,977 0.54% Shares
BROWN ADVISORY INC $39,484,282 161,049 0.53% Shares
Fisher Asset Management, LLC $38,455,515 156,852 0.52% Shares
Robeco Schweiz AG $37,469,086 152,829 0.51% Shares
GOLDMAN SACHS GROUP INC $36,470,999 148,758 0.49% Shares
WESTFIELD CAPITAL MANAGEMENT CO LP $36,157,917 147,481 0.49% Shares
EULAV Asset Management $35,770,303 145,900 0.48% Shares
Freestone Grove Partners LP $35,725,192 145,716 0.48% Shares
ENVESTNET ASSET MANAGEMENT INC $35,138,363 143,322 0.48% Shares
Aperture Investors, LLC $34,752,848 141,750 0.47% Shares
BLAIR WILLIAM & CO/IL $33,087,245 134,956 0.45% Shares
Palisades Investment Partners, LLC $31,343,023 127,842 0.42% Shares
RHUMBLINE ADVISERS $31,204,453 127,277 0.42% Shares
FRED ALGER MANAGEMENT, LLC $30,914,711 126,095 0.42% Shares
Verition Fund Management LLC $30,224,803 123,281 0.41% Shares
Bank of New York Mellon Corp $29,977,671 122,273 0.41% Shares
FIFTH THIRD BANCORP $29,565,019 120,590 0.40% Shares
SCHWERIN BOYLE CAPITAL MANAGEMENT INC $28,919,027 117,955 0.39% Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC $26,587,461 108,445 0.36% Shares
CORSAIR CAPITAL MANAGEMENT, L.P. $26,303,554 107,287 0.36% Shares
WELLINGTON MANAGEMENT GROUP LLP $26,034,602 106,190 0.35% Shares
BANK OF AMERICA CORP /DE/ $25,692,836 104,796 0.35% Shares
ArrowMark Colorado Holdings LLC $24,417,951 99,596 0.33% Shares
Swiss National Bank $24,055,590 98,118 0.33% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $21,184,895 86,409 0.29% Shares
RAYMOND JAMES FINANCIAL INC $21,011,266 85,701 0.28% Shares
OBERWEIS ASSET MANAGEMENT INC/ $20,547,943 83,811 0.28% Shares
Waratah Capital Advisors Ltd. $19,242,903 78,488 0.26% Shares
Retirement Systems of Alabama $19,241,187 78,481 0.26% Shares
OSTERWEIS CAPITAL MANAGEMENT INC $17,433,548 71,108 0.24% Shares
California Public Employees Retirement System $17,379,121 70,886 0.24% Shares
STATE OF WISCONSIN INVESTMENT BOARD $17,162,390 70,002 0.23% Shares
MOORE CAPITAL MANAGEMENT, LP $17,086,388 69,692 0.23% Shares
STRS OHIO $16,726,723 68,225 0.23% Shares
JANUS HENDERSON GROUP PLC $16,588,598 82,927 0.22% Shares
Nuveen, LLC $16,567,363 67,575 0.22% Shares
BlackRock, Inc. $15,898,294 64,846 0.22% Shares
Weiss Asset Management LP $15,749,721 64,240 0.21% Shares
Squarepoint Ops LLC $14,193,627 57,893 0.19% Shares
AXIOM INVESTORS LLC /DE $14,114,192 57,569 0.19% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $13,986,704 57,049 0.19% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $13,899,178 56,692 0.19% Shares
KENNEDY CAPITAL MANAGEMENT LLC $13,726,536 55,988 0.19% Shares
AustralianSuper Pty Ltd $13,113,653 53,488 0.18% Shares
Highlander Partners, L.P. $12,810,133 52,250 0.17% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $12,535,052 51,128 0.17% Shares
VANGUARD ASSET MANAGEMENT, Ltd $11,498,473 46,900 0.16% Shares
Taikang Asset Management (Hong Kong) Co Ltd $11,430,561 46,623 0.15% Shares
Clearbridge Investments, LLC $10,922,814 44,552 0.15% Shares
Catalyst Funds Management Pty Ltd $10,811,997 44,100 0.15% Shares
Nuveen Asset Management, LLC $10,109,565 69,472 0.14% Shares
Catawba River Capital $9,634,609 39,297 0.13% Shares
RENAISSANCE GROUP LLC $9,199,514 37,523 0.12% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $8,602,525 35,088 0.12% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $8,578,254 34,989 0.12% Shares
VICTORY CAPITAL MANAGEMENT INC $8,248,499 33,644 0.11% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $7,696,377 31,392 0.10% Shares
Legal & General Group Plc $7,656,413 31,229 0.10% Shares
Man Group plc $7,517,157 30,661 0.10% Shares
UBS Group AG $7,509,802 30,631 0.10% Shares
TEMA ETFS LLC $7,325,397 36,616 0.10% Shares
CITADEL ADVISORS LLC $7,109,930 29,000 0.10% Call option
TD Waterhouse Canada Inc. $7,030,477 30,323 0.10% Shares
CITIGROUP INC $7,014,804 28,612 0.09% Shares
Susquehanna Portfolio Strategies, LLC $6,908,155 28,177 0.09% Shares

Company insiders 64 insiders · 35 officers · 22 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Eugene Joseph Lowe III PRESIDENT AND CEO March 3, 2025 A 773,072 0 0 $0
Mark A Carano VP, CFO & TREASURER March 3, 2025 A 18,718 0 0 $0
James E Harris VP, CFO AND TREASURER Aug. 17, 2022 F 28,980 0 0 $0
Jeremy W Smeltser VP & CFO Aug. 6, 2015 F 83,080 0 0 $0
Sean Mcclenaghan PRESIDENT, GLOBAL COOLING March 3, 2025 A 25,750 0 0 $0
Ankush Kumar President, SPX Global Cooling March 1, 2022 A 21,376 0 0 $0
William C Griffiths President, Fluid Systems Feb. 18, 2004 A 30,548 0 0 $0
Jay Caraviello EVP, Co-COO May 6, 2005 A 67,537 0 0 $0
Cheree H Johnson VP, CLO & Secretary July 1, 2025 F 7,147 0 0 $0
Jennifer Carpenter VP AND CHRO March 3, 2025 A 4,015 0 0 $0
Wayne M. Mclaren CHIEF ACCOUNTING OFFICER March 3, 2025 A 7,480 0 0 $0
John William Swann III PRES., DETECTION & MEASUREMENT March 3, 2025 A 83,828 0 0 $0
Randall J Data PRES., HEATING AND GLOBAL OPER March 3, 2025 F 50,020 0 0 $0
John Webster Nurkin VP, GEN. COUNSEL & SECRETARY March 1, 2024 F 80,618 0 0 $0
Natausha Heleena White VP AND CHRO March 1, 2024 F 28,921 0 0 $0
Michael Andrew Reilly CORP. CONTROLLER AND CAO March 1, 2023 F 56,395 0 0 $0
Brian G. Mason Pres. - SPX Transformer Sol. Oct. 1, 2021 F 60,061 0 0 $0
Scott William Sproule Vice President Nov. 3, 2020 M 129,996 0 0 $0
Kevin Eamigh CIO and VP, Global Bus. Serv. Sept. 11, 2015 F 19,923 0 0 $0
Stephen A. Tsoris VP, Secretary&General Counsel Aug. 20, 2015 A 16,964 0 0 $0
Belinda Hyde VP and CHRO July 27, 2015 A 5,000 0 0 $0
Michael J Whitted V.P., Corporate Development Feb. 26, 2015 F 61,635 0 0 $0
Kevin L Lilly Sr. VP, Sec. and Gen. Counsel Feb. 26, 2015 F 74,863 0 0 $0
David Adam Kowalski Pres, Global Mfg Ops & Ind Feb. 26, 2015 F 86,962 0 0 $0
Robert B Foreman EVP GBS&S, Pres., Asia Pacific Feb. 26, 2015 F 108,578 0 0 $0
Anthony A. Renzi Pres., Flow Power and Energy Jan. 29, 2015 F 25,094 0 0 $0
Marc G. Michael Pres., Flow Food and Beverage Jan. 2, 2015 A 21,171 0 0 $0
David J. Wilson Pres., Flow Industrial Jan. 2, 2015 A 19,915 0 0 $0
Drew T Ladau Seg. Pres., Therm. Equip.&Ser. Feb. 27, 2013 S 47,066 0 0 $0
Leslie Sharp Powell Seg. Pres. Ind. Prdts. & Srvs. May 10, 2011 S 47,147 0 0 $0
James A Peters V.P., Operations July 15, 2008 F 42,317 0 0 $0
Sharon K Jenkins V.P., Chief Marketing Officer Oct. 2, 2007 F 16,459 0 0 $0
Ross B Bricker Sr. V.P., Sec., Gen. Counsel Dec. 31, 2005 D 8,333 0 0 $0
Frederick J Florjancic JR Pres. of Spec. Eng. Products Feb. 18, 2004 A 27,000 0 0 $0
Lewis M Kling Vice President Dec. 22, 2003 M 3,936 0 0 $0
Brian A Deck Director July 27, 2026 A 742 0 0 $0
Ruth G Shaw Director May 12, 2026 A 41,407 0 0 $0
David A Roberts Director May 12, 2026 A 41,347 0 0 $0
Angel S Willis Director May 13, 2025 A 8,610 0 0 $0
Tana Leigh Utley Director May 13, 2025 A 40,593 0 0 $0
Meenal Sethna Director May 13, 2025 A 14,214 0 0 $0
Anne K. Altman Director May 8, 2015 A 1,708 0 0 $0
Emerson U Fullwood Director May 8, 2015 A 17,940 0 0 $0
David V Singer Director May 8, 2015 A 4,806 0 0 $0
Michael J. Mancuso Director May 8, 2015 A 16,473 0 0 $0
Robert F Hull JR Director May 8, 2015 A 7,329 0 0 $0
CAMPBELL PATRICK D Director May 8, 2015 A 2,965 0 0 $0
Terry S Lisenby Director May 8, 2015 A 8,139 0 0 $0
Martha B Wyrsch Director May 7, 2014 A 11,432 0 0 $0
Kermit J Campbell Director March 6, 2014 S 17,475 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 5 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Relational Investors, LLC, Relational Investors Mid-Cap Fund I, L.P., Relational Investors Mid-Cap Fund II, L.P., Relational Fund Partners, L.P., Relational Coast Partners, L.P., Relational Investors IX, L.P., Relational Investors XV, L.P., Relational Investors XVI, L.P., Relational Investors XX, L.P., Relational Investors XXIII, L.P., Relational Investors XXIV, L.P., RH Fund 1, L.P., Ralph V. Whitworth, David H. Batchelder ×16 filings April 29, 2015 Initial filing SEC
Undisclosed reporting person Dec. 13, 2005 Initial filing Passive investment SEC
Undisclosed reporting person Sept. 13, 2004 Initial filing Passive investment SEC
Undisclosed reporting person Aug. 9, 2004 Initial filing SEC
Undisclosed reporting person Aug. 5, 2004 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 102 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RSHO · Tema ETF Trust 3.79% 47,975 NS May 31, 2026 N-PORT
NEWZ · EA Series Trust 3.27% 2,834 NS April 30, 2026 N-PORT
AIRR · First Trust Exchange-Traded Fund VI 1.69% 789,654 NS June 30, 2026 N-PORT
JSML · Janus Detroit Street Trust 1.19% 17,154 NS April 30, 2026 N-PORT
FFSM · FIDELITY COVINGTON TRUST 1.04% 61,376 NS April 30, 2026 N-PORT
CGGG · Capital Group Equity ETF Trust I 0.90% 3,393 NS May 31, 2026 N-PORT
RFG · Invesco Exchange-Traded Fund Trust 0.80% 13,757 SH Aug. 21, 2026 Daily
XMMO · Invesco Exchange-Traded Fund Trust 0.79% 287,661 SH Aug. 21, 2026 Daily
FLCV · Federated Hermes ETF Trust 0.73% 3,235 NS May 31, 2026 N-PORT
DGLO · First Trust Exchange-Traded Fund VI 0.72% 105 NS June 30, 2026 N-PORT
IVOG · VANGUARD ADMIRAL FUNDS 0.64% 49,400 SH Aug. 19, 2026 Daily
NUSC · Nushares ETF Trust 0.62% 36,683 NS April 30, 2026 N-PORT
PSC · Principal Exchange-Traded Funds 0.52% 49,833 NS June 30, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.45% 6,490 NS April 30, 2026 N-PORT
FNY · First Trust Exchange-Traded AlphaDE… 0.43% 10,288 NS April 30, 2026 N-PORT
PAMC · Pacer Funds Trust 0.43% 1,227 NS April 30, 2026 N-PORT
MIDE · DBX ETF Trust 0.43% 66 NS May 29, 2026 N-PORT
SMIZ · Zacks Trust 0.37% 4,396 NS May 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.34% 663,295 SH Aug. 19, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.34% 80,896 SH Aug. 19, 2026 Daily
MMSC · First Trust Exchange-Traded Fund VI… 0.33% 801 NS May 31, 2026 N-PORT
PTMC · Pacer Funds Trust 0.32% 5,679 NS April 30, 2026 N-PORT
MADE · iShares Trust 0.31% 935 SH Aug. 21, 2026 Daily
ISCG · iShares Trust 0.31% 15,310 SH Aug. 21, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.31% 6,454 SH Aug. 21, 2026 Daily
RB · ProShares Trust 0.28% 15 NS May 31, 2026 N-PORT
BKMC · BNY Mellon ETF Trust 0.28% 7,837 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.26% 2,271 NS May 31, 2026 N-PORT
BFOR · ALPS ETF Trust 0.25% 2,474 NS May 31, 2026 N-PORT
TRFK · Pacer Funds Trust 0.24% 6,680 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.23% 1,721 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.23% 239,452 NS May 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.22% 825 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.22% 19,979 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.21% 9,730 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.21% 133,186 NS April 30, 2026 N-PORT
TRFM · ETF Series Solutions 0.21% 1,471 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.20% 134,625 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.20% 21,418 NS April 30, 2026 N-PORT
SYZ · Lazard Active ETF Trust 0.20% 551 NS June 30, 2026 N-PORT
ESML · iShares Trust 0.18% 24,810 SH Aug. 21, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.17% 5,952 NS May 31, 2026 N-PORT
UMDD · ProShares Trust 0.16% 240 NS May 31, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.16% 59,384 SH Aug. 19, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 0.16% 14,790 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.15% 1,776 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.15% 2,178 SH Aug. 21, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.15% 1,148,316 SH Aug. 19, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.15% 9,079 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.14% 574,496 SH Aug. 19, 2026 Daily