Masterbrand vs SPX Technologies
Masterbrand is the larger business, with $2.73bn of revenue in fiscal 2025 against $2.27bn for SPX Technologies (1.2 times as much). SPX Technologies grew faster (14.2% against 1.3%). SPX Technologies kept more of each dollar of sales as profit: a net margin of 10.8% against 1.0%. SPX Technologies carries less debt relative to equity (22.4% against 73.3%).
| Latest fiscal year | MasterbrandMBC, 2025 | SPX TechnologiesSPXC, 2025 |
|---|---|---|
| Revenue | $2.73bn | $2.27bn |
| Revenue growth | 1.3% | 14.2% |
| Net income | $26.7m | $244m |
| Operating margin | 4.4% | 15.5% |
| Net margin | 1.0% | 10.8% |
| Return on equity | 2.0% | 13.5% |
| Free cash flow | $118m | $241m |
| Cash | $183m | $364m |
| Total debt | $985m | $502m |
| Debt to equity | 73.3% | 22.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $18.1m | — |
| Employees | 12,000 | 4,700 |
| Market value | $1.41bn | $8.23bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | — | 46 (Moderate) |
| Insider trades, 12 months | 4 buys, 5 sales | 0 buys, 11 sales |