SPX Technologies vs Watts Water Technologies
SPX Technologies and Watts Water Technologies are similar in size: $2.27bn and $2.44bn of revenue in their latest fiscal years. SPX Technologies grew faster (14.2% against 8.3%). Watts Water Technologies kept more of each dollar of sales as profit: a net margin of 14.0% against 10.8%. Watts Water Technologies carries less debt relative to equity (9.8% against 22.4%).
| Latest fiscal year | SPX TechnologiesSPXC, 2025 | Watts Water TechnologiesWTS, 2025 |
|---|---|---|
| Revenue | $2.27bn | $2.44bn |
| Revenue growth | 14.2% | 8.3% |
| Net income | $244m | $341m |
| Operating margin | 15.5% | 18.4% |
| Net margin | 10.8% | 14.0% |
| Return on equity | 13.5% | 18.2% |
| Free cash flow | $241m | $356m |
| Cash | $364m | $406m |
| Total debt | $502m | $198m |
| Debt to equity | 22.4% | 9.8% |
| Dividend per share | — | $1.99 |
| Dividend yield | — | 0.6% |
| Share buybacks | — | $16.0m |
| Employees | 4,700 | 5,700 |
| Market value | $8.23bn | $12.03bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 46 (Moderate) | 71 (Strong) |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 23 sales |