SPXC
IndustrialsSPX Technologies, Inc. · Industrial - Machinery · $10B
What is SPX Technologies, Inc.?
SPX Technologies supplies infrastructure equipment across two focused segments: HVAC and Detection and Measurement. The company serves residential, commercial, and industrial customers across the United States and internationally, including the United Kingdom and China.
SPX Technologies engineers and manufactures cooling towers, boilers, and air movement products for the HVAC market under well-known brands including Marley, Weil-McLain, and Berko. Its Detection and Measurement segment produces underground pipe and cable locators, robotic inspection systems, obstruction lighting, and transit fare collection technology. Products reach customers through independent representatives, distributors, retailers, and direct sales channels — serving utilities, municipalities, power generators, and building owners.
SPX Technologies was founded in 1980 and is headquartered in Charlotte, North Carolina.
- Cooling towers and process cooling equipment for industrial and power markets
- Residential and commercial boilers and heating products
- Underground pipe and cable locating instruments
- Robotic pipeline inspection and rehabilitation systems
- Obstruction lighting and transit fare collection technology
Is SPXC a Good Stock to Buy?
UQS Score rates SPXC as Good overall, reflecting a balanced but differentiated profile across the five quality pillars.
The Growth pillar stands out as the clearest strength, suggesting SPX Technologies is expanding at a pace that compares favorably within the industrials sector. The Risk pillar also earns a Good label, indicating the business carries a manageable risk profile relative to peers — a meaningful attribute for infrastructure-focused companies operating across multiple geographies.
The Quality and Moat pillars both register as Neutral, pointing to areas where competitive durability and underlying business economics are less differentiated than the company's growth trajectory might suggest.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does SPXC pay dividends?
No — SPX Technologies, Inc. does not currently pay a dividend.
SPX Technologies does not currently pay a dividend. For a company in an active growth phase, retaining capital to fund acquisitions, product development, and geographic expansion is a common strategic choice. Investors seeking income from industrials may want to weigh this alongside SPXC's growth-oriented profile.
When does SPXC report earnings?
SPX Technologies reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Growth pillar rating suggests recent results have reflected meaningful top-line momentum. Segment performance across both HVAC and Detection and Measurement has contributed to the overall trajectory, though results can vary with infrastructure spending cycles and project timing.
For the most recent quarter's results and guidance, visit SPX Technologies' investor relations page directly.
SPXC Price History
+246.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in SPX Technologies, Inc.?
Based on SPX Technologies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
SPXC Long-term Outlook
SPX Technologies' Strong Growth pillar points to a business with genuine forward momentum, supported by infrastructure demand in HVAC and ongoing investment in detection and measurement technologies. The Good Risk rating suggests the company is not taking on outsized financial or operational risk to achieve that growth. The Neutral Valuation label indicates the market has already priced in a meaningful portion of the growth outlook, leaving less margin for error if execution slips.
Growth drivers
- Infrastructure replacement and upgrade cycles in HVAC and cooling markets
- Expanding demand for underground utility detection and pipeline inspection tools
- Geographic diversification across North America, Europe, and Asia
Key risks
- Valuation leaves limited buffer if growth expectations are not met
- Neutral Moat rating means competitive pressure could erode pricing power
- Exposure to cyclical infrastructure and municipal spending patterns
SPXC vs Peers
SPX Technologies operates in a competitive industrials landscape alongside diversified equipment and flow-control specialists.
Crane focuses on highly engineered industrial products for aerospace, defense, and process flow — a narrower but deeply specialized industrial niche compared to SPXC's infrastructure equipment focus.
Flowserve concentrates on pumps, valves, and seals for energy and chemical industries, giving it a different end-market exposure than SPXC's HVAC and detection segments.
Donaldson specializes in filtration systems across industrial and commercial applications, competing with SPXC on the breadth of its industrial customer base rather than direct product overlap.
Frequently Asked Questions
What does SPX Technologies do?
SPX Technologies supplies infrastructure equipment through two segments. The HVAC segment makes cooling towers, boilers, and air movement products for residential, commercial, and industrial customers. The Detection and Measurement segment produces underground locating instruments, robotic inspection systems, obstruction lighting, and transit fare collection technology.
Does SPXC pay dividends?
SPX Technologies does not currently pay a dividend. The company appears to prioritize reinvesting capital into growth initiatives, including acquisitions and product development, rather than returning cash to shareholders through regular income distributions.
When does SPXC report earnings?
SPX Technologies follows a standard quarterly earnings cadence for US-listed companies. Specific dates are not covered by our data source — check the company's investor relations page or a financial calendar for the most current schedule.
Is SPXC a good stock to buy?
UQS Score rates SPXC as Good overall. The Growth pillar is the standout strength, and the Risk profile is also rated Good. However, Neutral readings on Quality and Moat suggest the business has areas to develop before reaching the highest quality tiers. The full pillar breakdown is available to Pro members.
Is SPXC overvalued?
The UQS Valuation pillar for SPXC is rated Neutral, suggesting the market has priced in a fair portion of the company's growth prospects. This is neither an Attractive nor an Elevated valuation signal — it sits in the middle of the range. See the complete valuation analysis with a Pro account.
How does SPXC compare to its competitors?
SPX Technologies competes with industrials specialists like Crane Company, Flowserve, and Donaldson. Each peer has a distinct product and end-market focus. SPXC's combination of HVAC infrastructure and detection technology gives it a differentiated footprint, though its Neutral Moat rating suggests competitive advantages are not yet deeply entrenched.
What is SPXC's market cap bracket?
SPX Technologies is classified as a large-cap company. This places it among established industrials businesses with meaningful scale, broader analyst coverage, and generally greater liquidity than mid- or small-cap peers in the sector.
Who founded SPX Technologies?
SPX Technologies traces its origins to 1980. The company was formerly known as SPX Corporation before changing its name to SPX Technologies, Inc. Founding details are widely available through public corporate history records and the company's own investor materials.
Is SPXC a long-term quality indicator?
From a long-term quality perspective, SPXC's Strong Growth and Good Risk ratings are encouraging signals. However, Neutral scores on Quality and Moat suggest the business has not yet demonstrated the durable competitive advantages typically associated with the highest-conviction long-term holdings. Monitoring how those pillars evolve over time matters.
What is the main competitive advantage of SPX Technologies?
SPX Technologies benefits from a portfolio of established brands across HVAC and detection markets, serving customers with specialized infrastructure needs. Its multi-brand strategy and broad distribution network provide some insulation from single-product competition, though the UQS Moat pillar currently rates this advantage as Neutral.
What sector does SPXC belong to?
SPXC is classified in the Industrials sector. It operates at the intersection of infrastructure equipment, building systems, and detection technology — segments that tend to track construction activity, utility investment, and municipal infrastructure spending cycles.
Is SPXC a growth stock or value stock?
Based on UQS pillar labels, SPXC leans toward a growth profile — the Growth pillar is rated Strong while Valuation is Neutral rather than Attractive. This combination suggests the market already reflects growth expectations in the price, making it less of a classic value opportunity and more of a growth-at-fair-price candidate.
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Pro Analysis
SPXC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 62.5 | 62.5 | 42.0 | 89.4 | 71.3 | 52.3 | -0.1 |
| May 21, 2026 | 62.6 | 62.5 | 42.0 | 89.4 | 71.3 | 52.6 | -0.3 |
| May 16, 2026 | 62.9 | 62.7 | 42.0 | 89.4 | 71.3 | 54.1 | +0.1 |
| May 14, 2026 | 62.8 | 62.6 | 42.0 | 89.4 | 71.3 | 53.9 | 0.0 |
| May 12, 2026 | 62.8 | 62.6 | 42.0 | 89.4 | 71.3 | 53.6 | -0.1 |
| May 9, 2026 | 62.9 | 62.6 | 42.0 | 89.4 | 71.3 | 54.1 | +1.1 |
| May 7, 2026 | 61.8 | 58.4 | 42.0 | 88.9 | 76.8 | 49.5 | -0.1 |
| May 4, 2026 | 61.9 | 58.4 | 42.0 | 88.9 | 76.8 | 50.3 | 0.0 |
| May 3, 2026 | 61.9 | 58.4 | 42.0 | 88.9 | 76.8 | 50.1 | +0.3 |
| May 2, 2026 | 61.6 | 58.4 | 42.0 | 88.9 | 76.8 | 47.7 | +0.1 |
SPXC — Pillar Breakdown
Quality
— 62.4/100 (25%)SPX Technologies, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 89.4/100 (20%)SPX Technologies, Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 71.3/100 (15%)SPX Technologies, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 52.2/100 (15%)SPX Technologies, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 42/100 (25%)SPX Technologies, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SPXC.
Score Composition
Financial Data
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How is the SPXC UQS Score Calculated?
The UQS (Unified Quality Score) for SPX Technologies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses SPX Technologies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether SPX Technologies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.