SPX Technologies, Inc. income statement
In fiscal 2025, SPX Technologies, Inc. reported revenue of $2.27bn, up 14.2% on the year before, operating income of $350m (a 15.5% margin) and net income of $244m, or $5.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,175 | 4,099 | 4,273 | 4,895 | 1,969 | 1,694 | 1,559 | 1,472 | 1,426 | 1,513 | 1,124 | 1,128 | 1,220 | 1,461 | 1,741 | 1,984 | 2,265 | 2,598 |
| Cost of revenue | 2,911 | 2,867 | 3,066 | 3,554 | 1,485 | 1,328 | 1,283 | 1,097 | 1,096 | 1,103 | 722 | 733 | 788 | 937 | 1,071 | 1,185 | 1,347 | 1,561 |
| Gross profit | 1,264 | 1,232 | 1,207 | 1,340 | 483 | 426 | 276 | 376 | 330 | 410 | 402 | 396 | 432 | 524 | 670 | 799 | 918 | 1,036 |
| Research and development | 42 | 47 | 41 | 49 | 32 | 30 | 29 | 29 | 23 | 23 | 24 | 28 | 31 | 39 | 43 | 46 | 54 | — |
| Selling, general and administrative | 820 | 858 | 897 | 1,121 | 444 | 511 | 388 | 286 | 277 | 289 | 276 | 273 | 310 | 356 | 394 | 415 | 478 | 515 |
| Operating income | 375 | 320 | 237 | −124 | 16 | −185 | −122 | 70 | 60 | 113 | 114 | 97 | 74 | 51 | 222 | 308 | 350 | 418 |
| Interest expense | 92 | 87 | 97 | 114 | 66 | 24 | 22 | 15 | 17 | 22 | 21 | 18 | 13 | 9 | 27 | 46 | 48 | 37 |
| Income before tax | 298 | 224 | 120 | −179 | −11 | 252 | −154 | 39 | 36 | 85 | 89 | 79 | 70 | 27 | 186 | 255 | 314 | 391 |
| Income tax | 74 | 46 | −12 | −14 | −20 | 138 | −3 | 9 | −48 | 3 | 13 | 5 | 11 | 7 | 42 | 54 | 69 | 87 |
| Net income | 32 | 206 | 181 | 180 | 210 | 393 | −83 | −67 | 89 | 81 | 65 | 99 | 425 | 0 | 90 | 201 | 244 | 298 |
| Diluted EPS | $0.64 | $4.08 | $3.36 | $3.61 | $4.56 | $9.14 | −$2.03 | −$2.02 | $2.03 | $1.82 | $1.58 | $2.16 | $9.15 | $0.00 | $1.93 | $4.26 | $5.03 | $5.89 |
| Diluted shares (average) | 50m | 50m | 51m | 50m | 46m | 43m | 41m | 42m | 44m | 45m | 45m | 46m | 46m | 46m | 47m | 47m | 49m | 51m |
| EBITDA | 450 | 402 | 320 | −16 | 62 | −145 | −85 | 97 | 85 | 140 | 138 | 129 | 116 | 97 | 285 | 400 | 473 | 558 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 534 | 483 | 552 | 593 | 637 | 567 | 679 | 715 |
| Cost of revenue | 316 | 287 | 324 | 353 | 384 | 336 | 406 | 435 |
| Gross profit | 218 | 196 | 229 | 240 | 253 | 231 | 273 | 280 |
| Selling, general and administrative | 109 | 110 | 117 | 118 | 133 | 119 | 130 | 133 |
| Operating income | 90 | 67 | 87 | 97 | 100 | 88 | 115 | 115 |
| Interest expense | 11 | 12 | 16 | 12 | 8 | 8 | 9 | 11 |
| Income before tax | 78 | 58 | 70 | 82 | 105 | 77 | 102 | 106 |
| Income tax | 21 | 6 | 17 | 18 | 27 | 13 | 23 | 24 |
| Net income | 57 | 51 | 52 | 63 | 78 | 60 | 78 | 82 |
| Diluted EPS | $1.21 | $1.09 | $1.10 | $1.28 | $1.55 | $1.19 | $1.55 | $1.62 |
| EBITDA | 114 | 94 | 119 | 130 | 131 | 120 | 151 | 157 |
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