SPXC SPX Technologies, Inc. Common Stock
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 ↗
SPXC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| 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
- 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 · 2026-08-24Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $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 | $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 | $54M | $46M | $43M | $39M | $31M | $28M | $24M | $23M | $23M | $29M | $29M | $30M | |
| SG&A Expense | $478M | $415M | $394M | $356M | $310M | $272M | $276M | $289M | $277M | $286M | $388M | $511M | |
| Operating Income | $350M | $308M | $222M | $51M | $74M | $97M | $114M | $112M | $60M | $70M | $-122M | $-185M | |
| Interest Expense | · | · | $27M | $9M | $13M | $18M | $21M | $22M | $17M | $15M | $22M | $24M | |
| Interest Income | $5M | $2M | $2M | $2M | $500.0K | $200.0K | $2M | $2M | $1M | $800.0K | $1M | $4M | |
| Other Non-op | $8M | $-9M | $-10M | $-15M | $9M | $-100.0K | $-5M | $-8M | $-7M | $-15M | $-10M | $490M | |
| Pretax Income | $314M | $255M | $186M | $27M | $70M | $79M | $89M | $84M | $36M | $39M | $-154M | $252M | |
| Income Tax | $69M | $54M | $42M | $7M | $11M | $5M | $12M | $3M | $-48M | $9M | $-3M | $138M | |
| Net Income | $244M | $200M | $90M | $200.0K | $425M | $99M | $65M | $81M | $89M | $-67M | $-83M | $393M | |
| EPS (Basic) | $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) | $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) | 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) | 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 | $473M | $400M | $285M | $97M | $116M | $174M | $142M | $137M | $80M | $82M | $-131M | $311M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $364M | $157M | $99M | $148M | $388M | $64M | $51M | $68M | $124M | $100M | $97M | $232M | |
| Receivables | $357M | $314M | $280M | $264M | $223M | $211M | $265M | $269M | $268M | $252M | $305M | $474M | |
| Inventory | $302M | $271M | $277M | $244M | $190M | $155M | $155M | $129M | $143M | $146M | $161M | $167M | |
| Other Current Assets | $55M | $32M | $37M | $42M | $73M | $88M | $93M | $40M | $98M | $31M | $27M | $56M | |
| Current Assets | $1.14B | $784M | $710M | $721M | $903M | $675M | $632M | $598M | $632M | $528M | $782M | $2.22B | |
| PP&E (Net) | · | · | · | · | · | · | $179M | $184M | $187M | $196M | $205M | $238M | |
| PP&E (Gross) | · | · | · | · | · | · | $483M | $479M | $467M | $462M | $457M | $522M | |
| Accum. Depreciation | · | · | · | · | · | · | $304M | $294M | $280M | $267M | $252M | $284M | |
| Goodwill | $1.04B | $834M | $705M | $455M | $457M | $369M | $318M | $394M | $346M | $340M | $354M | $359M | |
| Intangibles | $868M | $703M | $681M | $402M | $416M | $305M | $252M | $198M | $118M | $118M | $154M | $169M | |
| Other Non-current Assets | $250M | $164M | $189M | $197M | $676M | $592M | $606M | $658M | $707M | $680M | $628M | $623M | |
| Total Assets | $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 | $145M | $128M | $119M | $124M | $120M | $102M | $141M | $154M | $160M | $138M | $157M | $210M | |
| Accrued Liabilities | $185M | $171M | $168M | $148M | $218M | $207M | $220M | $184M | $293M | $304M | $350M | $440M | |
| Short-term Debt | $1M | $10M | $18M | $2M | $2M | $101M | $143M | $32M | $7M | $15M | $22M | $156M | |
| Current Liabilities | $461M | $418M | $401M | $334M | $440M | $572M | $609M | $470M | $461M | $476M | $655M | $1.61B | |
| Capital Leases | $61M | $44M | $28M | $34M | $32M | $31M | $18M | · | · | · | · | $12M | |
| Other Non-current Liabilities | $246M | $224M | $204M | $208M | $788M | $741M | $747M | $817M | $886M | $879M | $812M | $824M | |
| Total Debt | $5M | $38M | $35M | $4M | $15M | $108M | $144M | $50M | $8M | $33M | $31M | $212M | |
| Retained Earnings | $483M | $239M | $38M | $-52M | $-52M | $-477M | $-585M | $-650M | $-742M | $-832M | $898M | $2.63B | |
| Treasury Stock | $445M | $452M | $459M | $466M | $444M | $452M | $460M | $476M | $503M | $520M | $3.49B | $3.49B | |
| AOCI | $260M | $224M | $261M | $258M | $264M | $248M | $244M | $245M | $250M | $235M | $283M | $63M | |
| Stockholders' Equity | $2.24B | $1.38B | $1.19B | $1.08B | $1.10B | $640M | $512M | $415M | $315M | $192M | $308M | $1.81B | |
| Liabilities + Equity | $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 | 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $123M | $92M | $63M | $46M | $42M | $32M | $24M | $28M | $25M | $26M | $37M | $41M | |
| Stock-based Comp | $17M | $15M | $13M | $11M | $13M | $13M | $13M | $16M | $16M | $14M | $34M | $33M | |
| Deferred Tax | $26M | $-15M | $-25M | $-21M | $-1M | $300.0K | $14M | $900.0K | $-21M | $0 | $5M | $-79M | |
| Amort. of Intangibles | $91M | $64M | $44M | $28M | $22M | $14M | $9M | $4M | $600.0K | $3M | $5M | $6M | |
| Other Non-cash | $-76M | $-6M | $67M | $-173M | $-304M | $-38M | $20M | $-15M | $-62M | $34M | $9M | $-378M | |
| Operating Cash Flow | $333M | $286M | $208M | $-137M | $175M | $126M | $149M | $111M | $47M | $-1M | $-38M | $76M | |
| CapEx | $92M | $38M | $24M | $16M | $10M | $15M | $14M | $12M | $11M | $12M | $16M | $19M | |
| Investing Cash Flow | $-561M | $-284M | $-570M | $-66M | $314M | $-126M | $-154M | $-181M | $-11M | $13M | $-54M | $627M | |
| Stock Issued | $551M | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | $0 | $0 | $34M | $0 | $0 | · | · | · | $0 | $0 | $489M | |
| Net Stock Activity | $551M | $0 | $0 | $-34M | · | · | · | · | · | $0 | $0 | $-489M | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | · | $46M | $60M | |
| Financing Cash Flow | $426M | $53M | $310M | $-39M | $-168M | $16M | $-11M | $17M | $-6M | $-20M | $-176M | $-903M | |
| Net Change in Cash | $205M | $56M | $-52M | $-239M | $328M | $14M | $-14M | $-56M | $25M | $-2M | $-326M | $-264M | |
| Taxes Paid | $57M | $44M | $58M | $-60M | $-6M | $8M | $7M | $-44M | $-23M | $-5M | $51M | $315M | |
| Free Cash Flow | $241M | $248M | $185M | $-153M | $165M | $105M | $131M | $98M | $37M | $-5M | $-56M | $15M | |
| Levered FCF | · | · | $163M | $-159M | $154M | $89M | $113M | $77M | $-3M | $-17M | $-77M | $-29M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 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 | 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 | 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 | 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 | 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 | 12.9% | 14.6% | 7.7% | 0.02% | 39.1% | 16.0% | 13.6% | 22.3% | 34.1% | -28.9% | -10.9% | 19.5% | |
| ROIC | 12.2% | 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 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 | 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 | 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 | · | · | 8.2 | 5.5 | 5.5 | 7.2 | 5.1 | 5.0 | 3.2 | 3.7 | -7.7 | 2.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 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 | 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 | 6.8 | 6.7 | 6.4 | 6.0 | 5.6 | 5.8 | 5.7 | 6.1 | 5.5 | 5.3 | 4.1 | 4.1 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.2% | 13.9% | 19.2% | 19.8% | 8.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 15.7% | 17.6% | 15.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 15.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 18.1% | 120.7% | · | · | 323.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -22.5% | -3.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 18.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 21.7% | 123.0% | 44850.0% | -100.0% | 329.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 968.5% | -22.2% | -3.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 19.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $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 | $244M | $200M | $90M | $200.0K | $425M | $99M | $65M | $81M | $89M | $-67M | $-83M | $393M | |
| Market Cap | $9.98B | $6.75B | $4.61B | $2.97B | $2.71B | $2.46B | $2.25B | $1.22B | $1.34B | $995M | $386M | $884M | |
| Enterprise Value | $9.62B | $6.63B | $4.55B | $2.83B | $2.34B | $2.50B | $2.34B | $1.20B | $1.22B | $928M | $316M | $668M | |
| P/E | 39.8 | 34.2 | 52.3 | · | 6.5 | 25.2 | 32.2 | 15.4 | 15.5 | -11.7 | -4.6 | 2.4 | |
| P/S | 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 | 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 | 30.6 | · | · | 13.4 | 11.8 | · | · | · | · | · | · | · | |
| P / Cash Flow | 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 | 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 | 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 | 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 | 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 | · | · | · | · | · | · | · | · | · | · | 11.9% | 6.8% | |
| Earnings Yield | 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 | · | · | · | · | · | · | · | · | · | · | $46M | $60M |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $679M | $567M | $637M | $593M | $552M | $483M | $534M | $484M | $501M | $465M | $469M | $449M | $400M | $429M | |
| Cost of Revenue | $406M | $336M | $384M | $353M | $324M | $287M | $316M | $286M | $300M | $282M | $282M | $280M | $250M | $267M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | · | · | · | · | $162M | |
| SG&A Expense | $130M | $119M | $133M | $118M | $117M | $110M | $109M | $102M | $101M | $103M | $104M | $96M | $94M | $94M | |
| Operating Income | $115M | $88M | $100M | $97M | $87M | $67M | $90M | $79M | $75M | $65M | $63M | $58M | $50M | $-25M | |
| Interest Expense | · | · | · | · | · | · | · | · | $13M | $10M | · | $10M | $2M | · | |
| Interest Income | $1M | $1M | $2M | $1M | $1M | $900.0K | $900.0K | $600.0K | $300.0K | $300.0K | $200.0K | $800.0K | $500.0K | $300.0K | |
| Other Non-op | $-5M | $-3M | $11M | $-3M | $-2M | $3M | $-2M | $-1M | $-2M | $-4M | $-12M | $-200.0K | $2M | $5M | |
| Pretax Income | $102M | $77M | $105M | $82M | $70M | $58M | $78M | $66M | $60M | $51M | $42M | $48M | $50M | $-22M | |
| Income Tax | $23M | $13M | $27M | $18M | $17M | $6M | $21M | $15M | $15M | $2M | $10M | $12M | $11M | $3M | |
| Net Income | $78M | $60M | $78M | $63M | $52M | $51M | $57M | $50M | $44M | $49M | $32M | $-20M | $43M | $-27M | |
| EPS (Basic) | $1.57 | $1.20 | $1.58 | $1.30 | $1.12 | $1.10 | $1.23 | $1.08 | $0.96 | $1.07 | $0.69 | $-0.45 | $0.94 | $-0.60 | |
| EPS (Diluted) | $1.55 | $1.19 | $1.56 | $1.28 | $1.10 | $1.09 | $1.21 | $1.06 | $0.94 | $1.05 | $0.68 | $-0.44 | $0.92 | $-0.59 | |
| Shares (Basic) | 50,070,000 | 49,924,000 | -93,509,000 | 48,170,000 | 46,716,000 | 46,453,000 | -92,192,000 | 46,305,000 | 46,246,000 | 45,828,000 | 38,000 | 45,608,000 | 45,382,000 | -37,000 | |
| Shares (Diluted) | 50,675,000 | 50,523,000 | -94,926,000 | 48,919,000 | 47,396,000 | 47,122,000 | -94,028,000 | 47,265,000 | 47,158,000 | 46,683,000 | 52,000 | 46,751,000 | 46,402,000 | -32,000 | |
| EBITDA | $151M | $120M | · | $130M | $119M | $94M | · | $79M | $75M | $86M | · | $58M | $60M | · |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $166M | $156M | $364M | $229M | $133M | $178M | $157M | $125M | $128M | $100M | $99M | $101M | $205M | $148M | |
| Receivables | $442M | $392M | $357M | $386M | $364M | $320M | $314M | $339M | $326M | $318M | · | $305M | $275M | · | |
| Inventory | $374M | $342M | $302M | $331M | $322M | $308M | $271M | $298M | $293M | $295M | · | $292M | $266M | · | |
| Other Current Assets | $42M | $44M | $55M | $47M | $60M | $64M | $32M | $29M | $30M | $34M | · | $38M | $42M | · | |
| Current Assets | $1.10B | $1.01B | $1.14B | $1.06B | $921M | $907M | $784M | $828M | $809M | $780M | · | $769M | $820M | · | |
| Goodwill | $1.23B | $1.25B | $1.04B | $1.04B | $1.04B | $950M | $834M | $854M | $845M | $844M | $705M | $675M | $458M | $455M | |
| Intangibles | $1.02B | $1.05B | $868M | $888M | $915M | $854M | $703M | $731M | $743M | $761M | · | $688M | $396M | · | |
| Other Non-current Assets | $254M | $255M | $250M | $221M | $193M | $192M | $164M | $158M | $154M | $184M | · | $193M | $195M | · | |
| Total Assets | $3.94B | $3.88B | $3.60B | $3.45B | $3.31B | $3.14B | $2.71B | $2.81B | $2.78B | $2.80B | · | $2.47B | $2.02B | · | |
| Accounts Payable | $195M | $165M | $145M | $158M | $140M | $149M | $128M | $139M | $128M | $151M | · | $132M | $120M | · | |
| Accrued Liabilities | $183M | $160M | $185M | $174M | $166M | $145M | $171M | $161M | $151M | $126M | · | $147M | $121M | · | |
| Short-term Debt | $74M | $24M | $1M | $1M | $41M | $61M | $10M | $48M | $256M | $317M | · | $130M | $69M | · | |
| Current Liabilities | $604M | $481M | $461M | $431M | $468M | $483M | $418M | $446M | $633M | $695M | · | $494M | $394M | · | |
| Capital Leases | · | · | $61M | · | · | · | $44M | $39M | $39M | · | · | · | · | · | |
| Other Non-current Liabilities | $244M | $252M | $246M | $219M | $223M | $228M | $224M | $215M | $213M | $203M | · | $200M | $206M | · | |
| Total Debt | $84M | $30M | · | $2M | $69M | $88M | · | $73M | $280M | $338M | · | $144M | · | · | |
| Retained Earnings | $621M | $543M | $483M | $405M | $342M | $290M | $239M | $182M | $132M | $87M | · | $7M | $-9M | · | |
| Treasury Stock | $439M | $439M | $445M | $445M | $445M | $445M | $452M | $452M | $452M | $453M | · | $459M | $460M | · | |
| AOCI | $232M | $254M | $260M | $257M | $264M | $233M | $224M | $260M | $245M | $251M | · | $251M | $259M | · | |
| Stockholders' Equity | $2.35B | $2.29B | $2.24B | $2.15B | $1.53B | $1.44B | $1.38B | $1.36B | $1.28B | $1.24B | $1.19B | $1.15B | $1.13B | $1.08B | |
| Liabilities + Equity | $3.94B | $3.88B | $3.60B | $3.45B | $3.31B | $3.14B | $2.71B | $2.81B | $2.78B | $2.80B | · | $2.47B | $2.02B | · | |
| Shares Outstanding | 50,080,345 | 50,058,540 | 49,866,896 | 49,828,522 | 46,737,199 | 46,695,783 | 46,368,240 | 46,349,838 | 46,289,384 | 46,217,007 | 45,675,000 | 45,634,180 | 45,476,237 | 45,292,000 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $36M | $32M | $31M | $32M | $32M | $27M | $24M | $24M | $23M | $21M | $17M | $20M | $11M | $10M | |
| Stock-based Comp | $4M | $4M | $5M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | |
| Amort. of Intangibles | $27M | $24M | $22M | $25M | $25M | $20M | $16M | $17M | $17M | $15M | $12M | $15M | $6M | $5M | |
| Other Non-cash | · | $-65M | · | · | · | $-93M | · | · | · | $-63M | · | · | $-61M | · | |
| Operating Cash Flow | $90M | $31M | $195M | $106M | $42M | $-11M | $166M | $51M | $58M | $10M | $126M | $14M | $-4M | $-26M | |
| CapEx | $21M | $18M | $68M | $10M | $8M | $6M | $10M | $8M | $10M | $10M | $7M | $8M | $4M | $6M | |
| Investing Cash Flow | $-21M | $-396M | $-62M | $-41M | $-151M | $-307M | $-7M | $-6M | $32M | $-304M | $-9M | $-6M | $-4M | $-7M | |
| Stock Issued | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | $0 | · | $0 | |
| Financing Cash Flow | $-59M | $158M | $900.0K | $29M | $60M | $336M | $-124M | $-54M | $-62M | $293M | $-116M | $-1M | $63M | $1M | |
| Net Change in Cash | $10M | $-208M | $135M | $94M | $-45M | $21M | $32M | $-4M | $28M | $600.0K | $3M | $6M | $56M | $-30M | |
| Free Cash Flow | · | $12M | · | · | · | $-16M | · | · | · | $600.0K | · | · | $-8M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-9M | · | · | $-10M | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.9% | 15.5% | · | 16.4% | 15.7% | 13.8% | · | 16.3% | 14.9% | 13.9% | · | 12.9% | 12.5% | · | |
| Net Margin | 11.6% | 10.6% | · | 10.6% | 9.4% | 10.6% | · | 10.4% | 8.8% | 10.5% | · | -4.5% | 10.7% | · | |
| Pretax Margin | 15.0% | 13.7% | · | 13.8% | 12.7% | 12.0% | · | 13.6% | 12.0% | 11.0% | · | 10.7% | 12.6% | · | |
| EBITDA Margin | 22.2% | 21.1% | · | 21.9% | 21.6% | 19.4% | · | 16.3% | 14.9% | 18.4% | · | 12.9% | 15.1% | · | |
| ROA | 2.2% | 1.7% | · | 2.0% | 1.7% | 1.7% | · | 1.9% | 1.7% | 2.0% | · | -0.82% | · | · | |
| ROE | 4.0% | 3.2% | · | 3.6% | 3.7% | 3.8% | · | 4.0% | 3.6% | 4.2% | · | -1.8% | · | · | |
| ROIC | 3.7% | 3.1% | · | 3.5% | 4.1% | 3.9% | · | 4.2% | 3.6% | 4.0% | · | 3.3% | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 2.1 | · | 2.5 | 2.0 | 1.9 | · | 1.9 | 1.3 | 1.1 | · | 1.6 | · | · | |
| Quick Ratio | 1.0 | 1.1 | · | 1.4 | 1.1 | 1.0 | · | 1.0 | 0.7 | 0.6 | · | 0.8 | · | · | |
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.2 | 0.3 | · | 0.1 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 5.8 | 6.6 | · | 5.7 | 20.8 | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | · | · | |
| Inventory Turnover | 1.2 | 1.0 | · | 1.1 | 1.1 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | · | · | |
| Receivables Turnover | 1.7 | 1.6 | · | 1.6 | 1.6 | 1.5 | · | 1.5 | 1.7 | 1.6 | · | 1.6 | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.39B | $2.19B | · | $2.11B | $2.02B | $1.93B | · | $1.90B | $1.84B | $1.74B | · | $1.70B | $1.55B | · | |
| Net Income TTM | $253M | $226M | · | $216M | $198M | $195M | · | $123M | $109M | $107M | · | $31M | $32M | · | |
| Market Cap | $11.61B | $10.01B | · | $9.12B | $7.81B | $6.04B | · | $7.37B | $6.58B | $5.69B | · | $3.71B | · | · | |
| Enterprise Value | $11.53B | $9.89B | · | $8.89B | $7.75B | $5.95B | · | $7.32B | $6.73B | $5.93B | · | $3.76B | · | · | |
| P/E | 45.3 | 42.9 | · | 40.4 | 39.9 | 31.3 | · | 60.9 | 61.3 | 53.5 | · | 125.2 | 105.3 | · | |
| P/S | 4.9 | 4.6 | · | 4.3 | 3.9 | 3.1 | · | 3.9 | 3.6 | 3.3 | · | 2.2 | · | · | |
| P/B | 4.9 | 4.4 | · | 4.2 | 5.1 | 4.2 | · | 5.4 | 5.1 | 4.6 | · | 3.2 | · | · | |
| P / Tangible Book | 117.5 | · | · | 40.7 | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | 327.2 | · | · | · | -554.5 | · | · | · | 542.0 | · | · | · | · | |
| P / FCF | · | 827.4 | · | · | · | -368.5 | · | · | · | 9484.5 | · | · | · | · | |
| EV / EBITDA | 76.5 | 82.5 | · | 68.6 | 65.1 | 63.6 | · | 92.8 | 90.2 | 69.3 | · | 65.1 | · | · | |
| EV / FCF | · | 817.0 | · | · | · | -363.1 | · | · | · | 9880.0 | · | · | · | · | |
| EV / Revenue | 4.8 | 4.5 | · | 4.2 | 3.8 | 3.1 | · | 3.9 | 3.7 | 3.4 | · | 2.2 | · | · | |
| Earnings Yield | 2.2% | 2.3% | · | 2.5% | 2.5% | 3.2% | · | 1.6% | 1.6% | 1.9% | · | 0.80% | 0.95% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 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
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Ratio | 2.5 | 1.9 | 1.8 | 2.2 | 2.1 |
| Quick Ratio | 1.6 | 1.1 | 0.9 | 1.2 | 1.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 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.
| 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 |