SPXC
$173.09+1.99%
as of close, Oct 2, 2026
☾ AH $173.09 +1.99%
SPXC financial statements
The full income statement, balance sheet, and cash-flow statement for SPX Technologies Inc. (SPXC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 46.3M2024-09 46.4M2024-12 46.4M2025-03 46.7M2025-06 46.8M2025-09 49.8M2025-12 49.9M2026-03 50.1M2026-06 50.1M+8.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.27B+14.2% | 1.98B+13.9% | 1.74B+19.2% | 1.46B+19.8% | 1.22B+8.1% | |
| Cost of revenue | 1.35B+13.8% | 1.18B+10.6% | 1.07B+14.3% | 937M+19.0% | 788M+7.5% | |
| Research & development | 54.0M+17.6% | 45.9M+6.3% | 43.2M+10.5% | 39.1M+27.4% | 30.7M+9.3% | |
| Selling, general & administrative | 478M+15.2% | 415M+5.1% | 394M+10.9% | 356M+14.9% | 310M+13.6% | |
| Amortization of intangibles | 91.3M+41.6% | 64.5M+46.9% | 43.9M+54.0% | 28.5M+31.9% | 21.6M+54.3% | |
| Provision for credit losses | 20.0M+19.8% | 16.7M-8.2% | 18.2M+1.7% | 17.9M+20.1% | 14.9M-19.9% | |
| Operating income | 350M+13.7% | 308M+38.9% | 222M+335.1% | 51.0M-30.8% | 73.7M-23.9% | |
| Interest expense | 48.1M+5.3% | 45.7M+68.0% | 27.2M+192.5% | 9.30M-29.0% | 13.1M-28.8% | |
| Interest & investment income | 4.80M+128.6% | 2.10M+23.5% | 1.70M+0.0% | 1.70M+240.0% | 500K+150.0% | |
| Other non-operating income | 8.50M+191.4% | -9.30M+7.9% | -10.1M+33.6% | -15.2M-268.9% | 9.00M+9100.0% | |
| Gain (loss) on equity securities | — | -4.20M-216.7% | 3.60M+220.0% | -3.00M-125.4% | 11.8M+37.2% | |
| Pre-tax income | 314M+23.0% | 255M+37.1% | 186M+587.5% | 27.1M-61.2% | 69.9M-11.1% | |
| Income tax | 68.6M+28.0% | 53.6M+28.8% | 41.6M+469.9% | 7.30M-33.0% | 10.9M+127.1% | |
| 244M+21.7% | 201M+123.0% | 89.9M+44850.0% | 200K-100.0% | 425M+329.7% | ||
| Income from continuing operations | 246M+21.7% | 202M+39.5% | 145M+630.8% | 19.8M-66.4% | 59.0M-20.1% | |
| Discontinued operations | -1.50M-15.4% | -1.30M+97.6% | -54.8M-179.6% | -19.6M-105.3% | 366M+1354.0% | |
| Net income to non-controlling interest | — | — | — | — | 0.00 | |
| Net income to common | — | — | — | — | 425M+329.7% | |
| $5.03+18.1% | $4.26+120.7% | $1.93 | $0.00-100.0% | $9.15+323.6% | ||
| EPS (basic) | $5.10+17.5% | $4.34+120.3% | $1.97 | $0.00-100.0% | $9.39+323.0% | |
| Weighted-avg shares (basic) | 47.8M+3.6% | 46.2M+1.4% | 45.5M+0.4% | 45.3M+0.1% | 45.3M+1.5% | |
| Weighted-avg shares (diluted) | 48.5M+3.0% | 47.1M+1.0% | 46.6M+0.8% | 46.2M-0.6% | 46.5M+1.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.14B+45.8% | 784M+10.5% | 710M-1.6% | 721M-20.2% | 903M+33.8% | ||
| Cash & equivalents | 364M+132.0% | 157M+57.8% | 99.4M-32.7% | 148M-61.9% | 388M+506.6% | |
| Accounts receivable | 357M+13.9% | 314M+12.1% | 280M+6.2% | 264M+17.9% | 223M+6.0% | |
| Inventory | 302M+11.5% | 271M-2.1% | 277M+13.4% | 244M+28.6% | 190M+22.5% | |
| Other current assets | 55.3M+75.6% | 31.5M-15.1% | 37.1M-11.5% | 41.9M-42.7% | 73.1M-17.3% | |
| 3.60B+32.8% | 2.71B+11.3% | 2.44B+26.4% | 1.93B-26.5% | 2.63B+12.6% | ||
| Operating lease right-of-use | 76.8M+32.6% | 57.9M+36.6% | 42.4M-8.4% | 46.3M+11.0% | 41.7M+3.0% | |
| Goodwill | 1.04B+25.0% | 835M+18.4% | 705M+54.8% | 455M-0.4% | 457M+24.1% | |
| Intangible assets | 868M+23.5% | 703M+3.3% | 681M+69.5% | 402M-3.3% | 416M+36.2% | |
| Deferred tax assets | 2.20M-8.3% | 2.40M-40.0% | 4.00M+48.1% | 2.70M-75.5% | 11.0M-54.0% | |
| Other non-current assets | 250M+52.5% | 164M-13.1% | 189M-4.3% | 197M-70.8% | 676M+14.2% | |
| 461M+10.2% | 418M+4.3% | 401M+20.2% | 334M-24.1% | 440M-23.2% | ||
| Accounts payable | 145M+13.3% | 128M+7.9% | 119M-4.7% | 125M+4.1% | 120M+17.1% | |
| Accrued liabilities | 185M+8.4% | 171M+1.4% | 169M+13.9% | 148M-32.1% | 218M+5.5% | |
| Deferred revenue | 116M+85.9% | 62.3M-15.2% | 73.5M+39.2% | 52.8M+18.1% | 44.7M+15.2% | |
| Short-term & current debt | 3.50M-87.3% | 27.6M+59.5% | 17.3M+765.0% | 2.00M-84.6% | 13.0M+80.6% | |
| Current lease liability | 14.4M+29.7% | 11.1M-1.8% | 11.3M+11.9% | 10.1M+31.2% | 7.70M+5.5% | |
| Finance lease liability (current) | 400K+33.3% | 300K+0.0% | 300K-40.0% | 500K+0.0% | 500K-50.0% | |
| Long-term debt | 497M-13.9% | 577M+10.3% | 523M+115.3% | 243M+5.3% | 231M-24.1% | |
| Deferred revenue (non-current) | 3.60M-10.0% | 4.00M+0.0% | 4.00M-14.9% | 4.70M-19.0% | 5.80M+70.6% | |
| Non-current lease liability | 61.4M+38.0% | 44.5M+56.1% | 28.5M-15.7% | 33.8M+7.3% | 31.5M+1.9% | |
| Operating lease liability (total) | 75.8M+36.3% | 55.6M+39.7% | 39.8M-9.3% | 43.9M+12.0% | 39.2M+2.6% | |
| Finance lease liability (total) | 1.10M-8.3% | 1.20M+140.0% | 500K-28.6% | 700K-36.4% | 1.10M-57.7% | |
| Finance lease liability | 700K-22.2% | 900K+350.0% | 200K+0.0% | 200K-66.7% | 600K-62.5% | |
| Other non-current liabilities | 246M+9.5% | 224M+9.8% | 204M-2.0% | 208M-73.6% | 789M+6.4% | |
| Total non-current liabilities | 906M-0.6% | 912M+8.0% | 844M+62.9% | 518M-52.3% | 1.09B-3.1% | |
| 2.24B+61.6% | 1.38B+15.9% | 1.19B+10.7% | 1.08B-2.1% | 1.10B+72.3% | ||
| Additional paid-in capital | 1.94B+41.1% | 1.37B+1.5% | 1.35B+1.1% | 1.34B+0.3% | 1.33B+1.1% | |
| Retained earnings | 483M+102.2% | 239M+523.5% | 38.3M+174.2% | -51.6M+0.4% | -51.8M+89.1% | |
| Treasury stock | 445M-1.6% | 452M-1.5% | 459M-1.4% | 466M+4.9% | 444M-1.7% | |
| Accumulated other comprehensive income | 261M+16.5% | 224M-14.4% | 261M+1.4% | 258M-2.4% | 264M+6.2% | |
| Total equity incl. non-controlling | — | — | — | — | 1.10B+72.3% | |
| Total liabilities & equity | 3.60B+32.8% | 2.71B+11.3% | 2.44B+26.4% | 1.93B-26.5% | 2.63B+12.6% | |
| Common shares issued | 57.6M+6.2% | 54.2M+1.1% | 53.6M+0.5% | 53.4M+0.6% | 53.0M+0.6% | |
| Common shares outstanding | 49.9M+7.5% | 46.4M+1.5% | 45.7M+0.8% | 45.3M-0.4% | 45.5M+1.0% | |
| Shares outstanding (cover) | 49.9M+7.5% | 46.4M+1.5% | 45.7M+0.8% | 45.3M-0.3% | 45.5M+0.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 333M+16.6% | 286M+37.1% | 209M+252.4% | -137M-178.4% | 175M+38.2% | ||
| Depreciation & amortization | 123M+33.8% | 91.6M+44.9% | 63.2M+36.2% | 46.4M+9.7% | 42.3M+32.6% | |
| Intangible amortization | 91.3M+41.6% | 64.5M+46.9% | 43.9M+54.0% | 28.5M+31.9% | 21.6M+54.3% | |
| Share-based compensation | 16.7M+11.3% | 15.0M+11.9% | 13.4M+22.9% | 10.9M-14.8% | 12.8M-2.3% | |
| Deferred income taxes | 26.1M+272.8% | -15.1M+40.1% | -25.2M-17.8% | -21.4M-1428.6% | -1.40M-566.7% | |
| Change in inventory | -2.80M+69.2% | -9.10M-393.5% | 3.10M-94.2% | 53.4M+154.3% | 21.0M | |
| -561M-97.2% | -285M+50.1% | -570M-762.6% | -66.1M-121.0% | 314M+349.1% | ||
| Capital expenditure | 92.1M+142.4% | 38.0M+59.0% | 23.9M+50.3% | 15.9M+65.6% | 9.60M-37.3% | |
| Free cash flow | 241M-2.7% | 248M+34.3% | 185M+220.9% | -153M-192.5% | 165M+48.6% | |
| Acquisitions | 445M+52.4% | 292M-46.6% | 547M+1267.5% | 40.0M-84.9% | 265M+154.0% | |
| 426M+701.3% | 53.1M-82.8% | 310M+895.9% | -38.9M+76.8% | -168M-1154.1% | ||
| Long-term debt issued | 1.26B+91.6% | 657M-37.3% | 1.05B+327.3% | 245M-37.1% | 390M+17.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 551M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 33.7M | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 100K+108.3% | -1.20M-200.0% | -400K+50.0% | -800K-100.0% | -400K+81.8% | |
| FX effect on cash | 6.80M+240.0% | 2.00M+2100.0% | -100K-103.4% | 2.90M-56.1% | 6.60M+364.0% | |
| Net change in cash | 205M+262.1% | 56.5M+208.2% | -52.2M+78.1% | -239M-172.9% | 328M+2309.6% | |
| Interest paid | 41.7M-3.9% | 43.4M+69.5% | 25.6M+293.8% | 6.50M-43.0% | 11.4M-34.9% | |
| Income taxes paid | 57.3M+31.7% | 43.5M-25.5% | 58.4M+198.0% | -59.6M-983.6% | -5.50M-172.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 9.98B+47.8% | 6.75B+46.4% | 4.61B+55.4% | 2.97B+9.3% | 2.71B+10.4% | |
| P/E | 40.9×+21.5% | 33.7×-77.3% | 148.3×+69.4% | 87.5×+1271.1% | 6.4×-74.3% | |
| P/S | 4.4×+29.5% | 3.4×+25.5% | 2.7×+26.2% | 2.1×-3.6% | 2.2×+2.2% | |
| P/B | 4.5×-8.5% | 4.9×+21.3% | 4.0×+46.3% | 2.7×+11.6% | 2.5×-35.9% | |
| P/FCF | 41.4×+51.9% | 27.2×-80.3% | 138.5× | — | 16.5×-25.7% | |
| Earnings yield | 2.4%-17.7% | 3.0%+340.4% | 0.67%-41.0% | 1.1%-92.7% | 15.7%+289.1% | |
| FCF yield | 2.4%-34.2% | 3.7%+408.6% | 0.72% | — | 6.1%+34.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SPXC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SPXC filings on SEC EDGAR → Not investment advice.