SPX Technologies, Inc. cash flow statement

In fiscal 2025, SPX Technologies, Inc.'s operations generated $333m of cash; it spent $92.1m on capital projects, leaving free cash flow of $241m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

SPX Technologies, Inc.: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	471	254	323	70	105	76	−39	−1	47	111	149	126	175	−137	209	286	333	375
Depreciation and amortisation	75	82	83	108	46	41	37	27	25	28	24	32	42	46	63	92	123	140
Stock-based pay	27	30	39	39	27	33	34	14	16	16	13	13	13	11	13	15	17	17
Capital spending	—	71	145	82	32	19	16	12	11	12	14	15	10	16	24	38	92	148
Free cash flow	—	183	177	−12	73	57	−55	−13	36	98	135	111	165	−153	185	248	241	227
Free cash flow after stock pay	—	153	139	−51	47	24	−88	−27	20	83	123	98	152	−164	171	233	225	209
Dividends paid	50	—	—	64	35	60	46	0	0	—	—	—	—	—	—	—	—	—
Share buybacks	113	—	—	246	260	489	0	0	—	—	—	0	0	34	0	0	—	—
Shares issued	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	551	—

US$ millions unless shown otherwise. Fiscal quarters.

SPX Technologies, Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	167	−11	43	107	195	31	90	59
Depreciation and amortisation	24	27	33	32	31	32	36	41
Stock-based pay	4	4	4	4	5	4	4	4
Capital spending	10	6	8	10	69	19	21	40
Free cash flow	157	−16	35	96	127	12	69	19
Free cash flow after stock pay	153	−20	31	92	122	8	64	15
Shares issued	0	—	—	—	0	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: SPXC vs WTS MBC vs SPXC SPXC vs SSD

More: Building Products stocks compared, Industrials sector, rankings of US companies

Figures from SPX Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SPX Technologies, Inc.