SPX Technologies, Inc. (SPXC) Stock Price & Analysis
SPX Technologies, Inc. (SPXC) closed at USD 160.01 on Thursday, October 22, 2026, down 4.83% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 168.13; the Oct 22, 2026 session ranged USD 156.12–164.64 on volume of 1,111,817 shares. Market capitalization is $8.01B, with a 52-week range of USD 156.12–251.08 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SPXC.md
Key facts (SPXC)
- Last four reported quarters (through Jun 27, 2026): revenue $2.48B, net income $279M (11.3% margin), free cash flow $303M (SEC filings).
- Valuation: P/E 28.7x (avg 42.1x at the last 3 fiscal year-ends), EV/EBITDA 15.9x, net debt $448M.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (14 analysts), mean target USD 253.38 (range 215–310).
- Total return with dividends: 1Y -16.0% vs S&P 500 +14.9%; 5Y +163.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 2.13, revenue estimate $708M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SPXC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.46B | $1.74B | $1.98B | $2.27B | $2.48B |
| Gross profit | $432M | $524M | $670M | $799M | $918M | — |
| Operating income | $73.7M | $51.0M | $222M | $308M | $350M | $400M |
| Net income | $425M | $200K | $89.9M | $201M | $244M | $279M |
| EPS (diluted) | $9.15 | $0.00 | $1.93 | $4.26 | $5.03 | — |
| Free cash flow | $165M | -$153M | $185M | $248M | $241M | $303M |
| Gross margin | 35.4% | 35.9% | 38.5% | 40.3% | 40.5% | — |
| Operating margin | 6.0% | 3.5% | 12.7% | 15.5% | 15.5% | 16.2% |
| Net margin | 34.9% | 0.0% | 5.2% | 10.1% | 10.8% | 11.3% |
| Revenue growth | +8.1% | +19.8% | +19.2% | +13.9% | +14.2% | — |
| Cash + short-term investments | $388M | $148M | $99.4M | $157M | $364M | — |
| Total debt | $246M | $247M | $558M | $615M | $502M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 27, 2026) (SPXC)
P/E 28.7x · P/S 3.2x · EV/EBITDA 15.9x · EV/Sales 3.4x · P/FCF 26.4x · P/B 3.4x · FCF yield 3.79% · Earnings yield 3.48% · Net debt $448M · EV $8.46B
P/E at fiscal year-ends: Dec 2025 39.8x, Dec 2024 34.2x, Dec 2023 52.4x.
Analysts (SPXC)
Consensus Buy (mean 2.00 on a 1–5 scale), 14 analysts; mean target USD 253.38 (low 215, high 310).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Oppenheimer | Target lowered | Outperform | $270 → $265 |
| 2026-10-13 | Wells Fargo | Target lowered | Overweight | $250 → $243 |
| 2026-10-09 | JP Morgan | Target lowered | Overweight | $282 → $225 |
| 2026-10-06 | Baird | Initiated | Outperform | $220 |
| 2026-10-05 | Truist Securities | Target lowered | Buy | $301 → $266 |
| 2026-10-02 | Oppenheimer | Target lowered | Outperform | $280 → $270 |
| 2026-08-03 | Truist Securities | Target raised | Buy | $295 → $301 |
| 2026-07-31 | B. Riley Securities | Target raised | Buy | $280 → $285 |
| 2026-07-20 | Oppenheimer | Target raised | Outperform | $272 → $280 |
| 2026-07-02 | Truist Securities | Target raised | Buy | $261 → $295 |
Total return (dividends reinvested) (SPXC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -16.0% | +163.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.0% | +21.3% |
| Volatility (annualized) | 41.6% | 33.1% |
| Max drawdown | -35.1% (Jun 2026→Oct 2026) | -36.8% (Nov 2021→Apr 2022) |
SPXC revenue by business segment (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Segment Reporting | $679.0M | 100.0% | +22.9% |
| — HVAC reportable (part of Segment Reporting) | $480.6M | 70.8% | +27.6% |
| — Detection and Measurement reportable (part of Segment Reporting) | $198.4M | 29.2% | +12.9% |
| Total revenue | $679.0M | 100% | — |
SPXC revenue by product line (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Package and process cooling equipment and services, and engineered air movement and handling solutions | $319.0M | 47.0% | +33.6% |
| Hydronic heating, electrical heating, and ventilation | $161.6M | 23.8% | +17.2% |
| Total revenue | $679.0M | 100% | — |
SPXC revenue by region (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $538.0M | 79.2% | +22.6% |
| Canada | $68.4M | 10.1% | +37.6% |
| Other | $27.5M | 4.1% | +40.3% |
| China | $23.5M | 3.5% | +8.3% |
| United Kingdom | $21.6M | 3.2% | -4.0% |
| Total revenue | $679.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SPXC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.13 | $2.11 | +1.0% | $707.9M | 10 |
| Next quarter (ends Dec 2026) | $2.53 | $2.36 | +7.4% | $813.5M | 10 |
| Current fiscal year (ends Dec 2026) | $8.34 | $8.04 | +3.7% | $2.77B | 9 |
| Next fiscal year (ends Dec 2027) | $9.77 | $9.10 | +7.3% | $3.17B | 10 |
SPXC options: expected move
Options price a move of about ±10.7% (±$17.20) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±9.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 47.8% | ±10.7% |
| Dec 18, 2026 | 56 | 41.3% | ±13.0% |
| Mar 19, 2027 | 147 | 42.0% | ±21.2% |
| Jun 17, 2027 | 237 | 41.4% | ±26.4% |
30-day implied volatility 47.3% vs 30.6% realized over the last 30 trading days. Put/call ratio (volume) 0.64. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:24 UTC)
| Price | USD 160.01 |
|---|---|
| Change | ▼ 4.83% (down) |
| Previous Close | USD 168.13 |
| Open | USD 164.25 |
| Day Range | USD 156.12 – 164.64 |
| 52-Week Range | USD 156.12 – 251.08 |
| Volume | 1,111,817 shares |
| Market Cap | $8.01B |
| Exchange | NYQ |
Technical Analysis (SPXC)
Nexqual's technical model rates SPXC "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:24 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.8 (oversold) |
| vs SMA50 | Below (USD 184.47) |
| MACD | -5.45 (negative) |
Analyst Ratings (SPXC)
Wall Street analysts rate SPXC "Buy" based on 14 analysts, with a mean price target of USD 253.38 (range USD 215–310), per Nexqual as of October 23, 2026 at 11:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 253.38 |
| High Target | USD 310 |
| Low Target | USD 215 |
| Buy / Hold / Sell | 13 / 1 / 0 |
Earnings (SPXC)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 2.13 |
| Revenue Estimate | $707.95M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.02 vs est 1.85 ▲ beat |
| 2026-03-31 | USD 1.69 vs est 1.56 ▲ beat |
| 2025-12-31 | USD 1.88 vs est 1.87 ▲ beat |
| 2025-09-30 | USD 1.84 vs est 1.62 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:24 UTC.
Financials & Fundamentals (SPXC)
| Total Revenue | $2.48B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +22.90% |
| Gross Margin | +40.29% |
| Operating Margin | +17.67% |
| Profit Margin | +11.27% |
| ROE | +14.68% |
| Debt / Equity | 0.26 |
| Current Ratio | 1.83 |
| Total Cash | $166.40M |
| Total Debt | $614.70M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $303.40M (12.3% of revenue) |
Source: Nexqual, October 23, 2026 at 11:24 UTC.
Financial Health Score (SPXC)
Nexqual rates SPX Technologies, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 11:24 UTC.
| Growth | Solid — Revenue +14% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 40%, operating 18% (last 12 months) |
| Balance Sheet | Strong — $166M cash and investments vs $615M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $303M (last 4 quarters to Jun 2026, SEC), 12% margin |
| Efficiency | Mixed — ROE 15%, ROA 6.8% |
Ownership (SPXC)
| Insider Ownership | +3.07% |
|---|---|
| Institutional Ownership | +97.59% |
| Shares Outstanding | 50.09M |
| Float | 49.00M |
| Short % of Float | +4.24% |
Source: Nexqual, October 23, 2026 at 11:24 UTC.
Leadership (SPXC)
SPX Technologies, Inc. is led by Eugene Joseph Lowe, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:24 UTC.
| President, CEO & Director | Eugene Joseph Lowe |
|---|---|
| VP & CFO | Mark A. Carano |
| Segment President of HVAC | Sean McClenaghan |
| Vice President of Investor Relations | Johann Rawlinson |
| Chief Strategy & Corporate Development Officer | Michael Daly |
Major Backers & Investors (SPXC)
Notable institutional backers of SPX Technologies, Inc. include Capital International Investors, Capital Group, SmallCap World Fund Inc, according to Nexqual as of October 23, 2026 at 11:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital International Investors | 5.12% |
| Capital Group | 4.67% |
| SmallCap World Fund Inc | 4.48% |
| Jupiter Topco LLC | 3.79% |
| Invesco | 3.18% |
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 3.01% |
| FMR, LLC | 2.03% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.69% |
| Vanguard Group | 9.03% |
| State Street | 3.11% |
Source: Nexqual, October 23, 2026 at 11:24 UTC.
From SPX Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our market leading brands, coupled with our commitment to continuous innovation and focus on our customers' needs, enables our HVAC cooling and heating businesses to serve an expanding number of industrial, institutional, commercial, and residential customers.
- Our technology and decades of experience have afforded us a strong position in specific detection and measurement markets.
Legal & Regulatory Risks (Item 1A, quoted)
- Our contracts with the U.S. government or their agencies, as well as those that receive government funding, are subject to audits, investigations, and other proceedings that may result in adjustments to reimbursable costs. If any wrongdoing is alleged, we could also face temporary or permanent suspension from government programs, along with penalties that may include monetary damages and criminal or civil sanctions.
- Governmental laws and regulations could negatively affect our business.
- Climate change and legal or regulatory responses thereto may have an adverse impact on our business and results of operations.
- We are subject to various laws, ordinances, regulations and other requirements of government authorities in the United States and other nations. Additionally, changes in laws, ordinances, regulations, or other governmental policies may significantly increase our expenses and liabilities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:24 UTC. This page is informational and not investment advice.
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