SPX Technologies, Inc.(SPXC)Stock Analysis
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Rank #279 of 2,961 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SPXC Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for SPX Technologies, Inc. (SPXC), a Industrials sector company. 13F Pro's AI-powered ranking engine scores SPXC at 69.2/100 on a 32-signal composite quality model, placing it at rank #279 of 2,961 stocks — the top 10% of the AI-ranked universe. SPXC scores in the top quartile across institutional flow (89.6), balance sheet strength (79.8). Based on the latest XBRL financial filings (Q2 2026), SPX Technologies, Inc. reports quarterly revenue of $679.0M, net income of $78.4M, an operating margin of 16.9%. Top institutional holders of SPXC by reported 13-F value include BlackRock, Capital International Investors, Capital World Investors, 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 36 and 72 since 2022, currently 69.2 — an improving long-term trajectory across 61 quarterly and live scoring snapshots.
What's Driving SPXC's Business? Latest 10-Q Breakdown
✓ 37/37 datapoints verifiedAI-extracted from SPX Technologies, Inc.'s 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 22.9% to $679.0M on data-center-driven cooling demand and the Crawford/Thermolec acquisitions, though gross margin slipped to 40.2% from 41.4%.
Biggest Revenue Drivers
Higher cooling equipment volumes tied to increased data center demand and higher throughput from added capacity, plus acquisitions
Organic growth driven by higher project volumes in aids to navigation and communication technologies businesses
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$679.0M
Net Income
Q2 2026
$78.4M
Free Cash Flow
Q2 2026
$68.5M
Operating Margin
Q2 2026
16.9%
ROIC
Q2 2026
15.5%
D/E Ratio
Q2 2026
0.26
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+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% YoYFree Cash Flow
-2.7% 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 |
| Free Cash Flow | $241.2M -2.7% | $247.9M +34.3% | $184.6M +220.9% | $-152.7M -192.5% | $165.0M +48.6% | $111.0M |
AI Insight: SPXC Financial Trends
Revenue accelerated 18% year-over-year to $679M in Q2 2026, while operating income margins held steady near 17% despite debt reduction.
• Revenue grew from $552M in Q2 2025 to $679M in Q2 2026, a 23% increase over four quarters.
• Operating income expanded from $87M (Q2 2025) to $115M (Q2 2026); operating margin stable ~16-17%.
• Total debt fell from $1,019M (Q2 2025) to $615M (Q2 2026), a 40% reduction despite equity growth.
⚠ Operating cash flow volatile: negative $11M in Q1 2025, recovered to $195M in Q4 2025, then declined to $31M in Q1 2026.
⚠ Equity surged 68% from $1,358M (Q3 2024) to $2,348M (Q2 2026)—investigate driver (earnings retention, capital raise, or acquisition).
AI Insight: SPXC Ratio Trends
SPXC stabilized margin and ROIC in Q2 2026 after a weak Q1, but ROE remains structurally depressed versus pre-2025 levels.
• Operating margin recovered to 16.9% in Q2 2026 from 15.5% in Q1 2026, approaching Q4 2025 peak of 16.9%.
• ROIC rebounded sharply to 15.5% in Q2 2026 from 11.8% in Q1 2026, highest since Q4 2025.
• Leverage improved: D/E fell to 0.26 in Q2 2026 from 0.29 in Q1 2026, now at 18-month low.
⚠ ROE deteriorated to 10.5% in Q1 2026, lowest in dataset; Q2 2026 recovery to 13.4% still trails Q4 2024's 16.5%.
⚠ NPM volatility persists: swung from 12.2% (Q4 2025) to 10.6% (Q1 2026) to 11.6% (Q2 2026).
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Top Institutional Holders of SPXC
BlackRock, Inc.
$1.2B4,851,185 shCapital International Investors
$629.2M2,566,361 shCapital World Investors
$573.0M2,337,050 shVANGUARD PORTFOLIO MANAGEMENT LLC
$555.4M2,265,508 shVANGUARD CAPITAL MANAGEMENT LLC
$553.9M2,259,240 shJupiter Topco LLC
$465.6M1,898,958 shInvesco Ltd.
$391.0M1,594,937 shSTATE STREET CORP
$381.7M1,557,133 shFMR LLC
$249.8M1,019,010 shGEODE CAPITAL MANAGEMENT, LLC
$231.8M945,160 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.2B | 4,851,185 |
| Capital International Investors | $629.2M | 2,566,361 |
| Capital World Investors | $573.0M | 2,337,050 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $555.4M | 2,265,508 |
| VANGUARD CAPITAL MANAGEMENT LLC | $553.9M | 2,259,240 |
| Jupiter Topco LLC | $465.6M | 1,898,958 |
| Invesco Ltd. | $391.0M | 1,594,937 |
| STATE STREET CORP | $381.7M | 1,557,133 |
| FMR LLC | $249.8M | 1,019,010 |
| GEODE CAPITAL MANAGEMENT, LLC | $231.8M | 945,160 |
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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. SPXC is classified as a mid company.
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.