The Tip Desk

SPX Technologies, Inc.

Company Stats

Market Cap
$8.5B
as of Sep 30, 2026
Enterprise Value
$8.6B
Shares Outstanding
50.1M
Free Float
92.9%

Income Statement

Revenue
$2.3B
Operating Income
$350.4M
Net Income
$244.0M
EBITDA
$473.0M
Non-cash Impairment
$600,000
Revenue Growth, 3Y
15.7%
FCF Margin, 3Y Avg
11.2%
FCF Margin, Worst Year
10.6%

Cash Flow

Free Cash Flow
$241.2M
FCF Yield
2.8%
Owner FCF Yield
2.6%

Balance Sheet

Cash & Equivalents
$364.0M
Total Debt
$501.6M
Net Debt
$137.6M
Net Debt / EBITDA
0.29x
EV / EBITDA
18.25x
Net Debt / EBIT
0.39x

Returns & Capital

Buyback Yield, 3Y Avg
0.0%
SBC, 3Y Avg
$15.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.3B$241.2M10.6%
FY2024$2.0B$247.9M12.5%
FY2023$1.7B$184.6M10.6%
FY2022$1.5B-$152.7M-10.5%
FY2021$1.2B$165.0M13.5%

Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage