SPX Technologies, Inc.(SPXC)Stock Analysis
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Rank #549 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SPXC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SPX Technologies, Inc. (SPXC), a Industrials sector company. 13F Pro's AI-powered ranking engine scores SPXC at 66.0/100 on a 32-signal composite quality model, placing it at rank #549 of 2,879 stocks — the top 25% of the AI-ranked universe. SPXC scores in the top quartile across earnings quality (82.6), balance sheet strength (76.0), profitability (75.4). Areas of concern include institutional flow (9.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), SPX Technologies, Inc. reports quarterly revenue of $566.8M, net income of $59.9M, an operating margin of 15.5%. Top institutional holders of SPXC by reported 13-F value include BlackRock,, Capital International Investors, Invesco Ltd., based on the most recent SEC filings. SPXC trades on the NYSE exchange and files with the SEC under CIK 88205. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPXC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SPX Technologies, Inc. directly from SEC EDGAR. SPX Technologies, Inc.'s 13F Pro composite quality score has ranged between 8 and 74 since 2022, currently 66.0 — an improving long-term trajectory across 49 quarterly and live scoring snapshots.
Revenue
Q1 2026
$566.8M
Net Income
Q1 2026
$59.9M
Free Cash Flow
Q1 2026
$12.1M
Operating Margin
Q1 2026
15.5%
D/E Ratio
Q1 2026
0.29
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+14.2% YoYNet Income
+21.7% YoYOperating Income
+13.7% YoYEPS (Diluted)
+18.1% YoYTotal Assets
+32.8% YoYTotal Debt
-18.4% YoYOp. Cash Flow
+16.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.27B +14.2% | $1.98B +13.9% | $1.74B +19.2% | $1.46B +19.8% | $1.22B +8.1% | $1.13B |
| Net Income | $244.0M +21.7% | $200.5M +123.0% | $89.9M +44850.0% | $200.0K -100.0% | $425.4M +329.7% | $99.0M |
| Operating Income | $350.4M +13.7% | $308.3M +38.9% | $221.9M +335.1% | $51.0M -30.8% | $73.7M -23.9% | $96.9M |
| EPS (Diluted) | $5.03 +18.1% | $4.26 +120.7% | $1.93 | $0.00 -100.0% | $9.15 +323.6% | $2.16 |
| Total Assets | $3.60B +32.8% | $2.71B +11.3% | $2.44B +26.4% | $1.93B -26.5% | $2.63B +13.4% | $2.32B |
| Total Debt | $501.6M -18.4% | $614.7M +10.1% | $558.3M +126.2% | $246.8M +0.3% | $246.0M -40.3% | $412.4M |
| Operating Cash Flow | $333.3M +16.6% | $285.9M +37.1% | $208.5M +252.4% | $-136.8M -178.4% | $174.6M +38.2% | $126.3M |
AI Insight: SPXC Financial Trends
SPXC delivered 13% year-over-year revenue growth and record $100M operating income in Q4 2025, though debt rebounded sharply in Q1 2026.
• Revenue grew from $501M in Q2 2024 to $637M in Q4 2025, an 8-quarter high, before a seasonal dip to $567M in Q1 2026.
• Operating income expanded from $75M in Q2 2024 to $100M in Q4 2025, with operating margin improving from ~15% to ~16%.
• Net income rose from $44M in Q2 2024 to $78M in Q4 2025, a 77% increase over six quarters.
• Total debt fell sharply from $960M in Q1 2025 to $502M by Q3 2025, but rose again to $674M in Q1 2026.
⚠ Total debt jumped from $502M in Q4 2025 to $674M in Q1 2026 — first sequential increase in two quarters.
⚠ Operating cash flow turned negative at -$11M in Q1 2025 and remains seasonally weak at $31M in Q1 2026; monitor conversion.
⚠ Equity surged from $1,443M to $2,148M between Q1 and Q3 2025, suggesting a significant capital event worth monitoring for dilution impact.
AI Insight: SPXC Ratio Trends
Leverage has collapsed to near-zero but ROIC and ROE are retreating from their Q4 2024 peaks, signaling a less capital-efficient growth phase ahead.
• D/E ratio dropped sharply from 0.67 in Q1 2025 to 0.22 in Q4 2025, reflecting significant debt paydown and a much stronger balance sheet.
• ROIC peaked at 18.1% in Q4 2024 and has since declined to 11.8% in Q1 2026, a 6.3pp contraction over three quarters.
• Operating margin has oscillated in a narrow 13.8%–16.9% band since Q2 2024, with Q1 2026 at 15.5% showing no sustained expansion trend.
• ROE fell from 16.5% in Q4 2024 to 10.5% in Q1 2026, the lowest quarterly reading in the dataset.
⚠ ROIC at 11.8% in Q1 2026 is near the Q1 2025 trough of 11.1% — monitor whether this is seasonal or a structural step-down.
⚠ Lower leverage reduces financial risk but also removes an earnings-per-share tailwind; watch whether reinvestment drives margin recovery.
⚠ NPM of 10.6% in Q1 2026 is stable year-over-year but below Q4 2025's 12.2% — assess whether Q4 2025 benefited from one-off items.
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Available Research
13F Pro tracks comprehensive data for SPX Technologies, Inc. including:
Top Institutional Holders of SPXC
BlackRock, Inc.
$1.2B6,231,134 shCapital International Investors
$578.5M2,893,247 shInvesco Ltd.
$381.8M1,909,420 shSTATE STREET CORP
$356.5M1,782,901 shCapital World Investors
$349.0M1,745,487 shFIRST TRUST ADVISORS LP
$272.5M1,362,871 shGEODE CAPITAL MANAGEMENT, LLC
$251.1M1,255,732 shFMR LLC
$196.5M982,783 shDIMENSIONAL FUND ADVISORS LP
$169.8M849,160 shNOMURA ASSET MANAGEMENT INTERNATIONAL INC.
$166.2M831,162 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.2B | 6,231,134 |
| Capital International Investors | $578.5M | 2,893,247 |
| Invesco Ltd. | $381.8M | 1,909,420 |
| STATE STREET CORP | $356.5M | 1,782,901 |
| Capital World Investors | $349.0M | 1,745,487 |
| FIRST TRUST ADVISORS LP | $272.5M | 1,362,871 |
| GEODE CAPITAL MANAGEMENT, LLC | $251.1M | 1,255,732 |
| FMR LLC | $196.5M | 982,783 |
| DIMENSIONAL FUND ADVISORS LP | $169.8M | 849,160 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $166.2M | 831,162 |
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Popular Research
Is SPXC a good stock to buy?
13F Pro's AI-powered analysis of SPX Technologies, Inc. (SPXC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPXC are available on the SPXC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SPXC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPXC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SPX Technologies, Inc.'s investment landscape.