SPXCSPX Technologies, Inc.
Metalworkg Machinery & Equipment
- Revenue
- $2.3B
- 14% YoY
- Operating margin
- 15.5%
- 0.5% YoY
- EBITDA
- $473M
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.6×
- $1.2B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear137% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear14% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.5B | $1.7B | $2.0B | $2.3B | 14% |
| Operating income | $74M | $51M | $222M | $308M | $350M | 14% |
| Net income | $425M | $200K | $90M | $201M | $244M | 22% |
| Operating cash flow | $175M | −$137M | $209M | $286M | $333M | 17% |
| Capex | $10M | $16M | $24M | $38M | $92M | 142% |
| Stock-based comp | $13M | $11M | $13M | $15M | $17M | 11% |
| Buybacks | $0 | $34M | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.