SPX Technologies, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.3B | $2.0B | $1.7B | $1.5B | $1.2B |
| Cost of revenue | $1.3B | $1.2B | $1.1B | $937.0M | $787.7M |
| Selling, general & administrative | $477.6M | $414.6M | $394.4M | $355.7M | $309.6M |
| Research and development | $54.0M | $45.9M | $43.2M | $39.1M | $30.7M |
| Operating income | $350.4M | $308.3M | $221.9M | $51.0M | $73.7M |
| Interest expense | $48.1M | $45.7M | $27.2M | $9.3M | $13.1M |
| Pretax income | $314.1M | $255.4M | $186.3M | $27.1M | $69.9M |
| Income tax expense | $68.6M | $53.6M | $41.6M | $7.3M | $10.9M |
| Net income | $244.0M | $200.5M | $89.9M | $200,000 | $425.4M |
| Balance Sheet | |||||
| Cash and equivalents | $364.0M | $156.9M | $99.4M | $147.8M | $388.2M |
| Current assets | $1.1B | $784.3M | $709.6M | $721.1M | $903.4M |
| Total assets | $3.6B | $2.7B | $2.4B | $1.9B | $2.6B |
| Current liabilities | $461.1M | $418.3M | $401.2M | $333.8M | $439.5M |
| Total debt | $501.6M | $614.7M | $558.3M | $246.8M | $246.0M |
| Stockholders' equity | $2.2B | $1.4B | $1.2B | $1.1B | $1.1B |
| Cash Flow Statement | |||||
| Cash from operations | $333.3M | $285.9M | $208.5M | -$136.8M | $174.6M |
| Depreciation and amortization | $122.6M | $91.6M | $63.2M | $46.4M | $42.3M |
| Stock-based compensation | $16.7M | $15.0M | $13.4M | $10.9M | $12.8M |
| Capital expenditure | $92.1M | $38.0M | $23.9M | $15.9M | $9.6M |
| Free cash flow | $241.2M | $247.9M | $184.6M | -$152.7M | $165.0M |
| Share repurchases | $0 | $0 | $0 | $33.7M | $0 |
| Impairments | $600,000 | $900,000 | $0 | $300,000 | $0 |
Shares outstanding 50.1M · Free float 92.9%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.