SPX Technologies Inc. Common Stock (SPXC)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn solid returns and sell at sensible prices. SPX Technologies operates in HVAC and detection and measurement, two engineered markets with service and replacement demand. The filed figures show momentum: in fiscal Q2 2026, the quarter ended 2026-06-27, revenue was $679.0M, net income $78.4M, and diluted EPS $1.55. A year earlier, in fiscal Q2 2025, revenue was $552.4M, net income $52.2M, and diluted EPS $1.10. For FY2025, revenue was $2.3B, net income $244.0M, and diluted EPS $5.03. FairStock labels it a STALWART, with profit growth of 19.8% a year and revenue growth of 15.0% over five years. Financial health looks respectable: D/E 0.26, Altman Z-Score 3.89, Piotroski 6/9, and TTM FCF $303.4M, a 3.5% FCF yield. But quality has a price. At the 2026-10-13 close of $171.91, FairStock calculates P/E 30.21, P/B 3.67, EV/EBITDA 16.96, ROCE 6.75%, and a Graham Number of $77.48, implying a -121.88% margin of safety. The PEG ratio of 0.60 looks attractive relative to growth, yet Graham would demand a wider discount. The moat may be modest—engineered products and service can create switching costs, but ROCE is not high enough to prove exceptional pricing power. I see a good, growing industrial with low leverage and real cash flow, but the price already reflects much of the progress. The stock is fair-to-full, not a bargain.

In plain English: SPX Technologies makes heating, cooling, and measurement equipment. The business looks reasonably strong: sales and profits are rising, and debt is low. At $171.91, the price looks expensive compared with the company's reported earnings and assets, even though growth has been good.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-27) · fiscal Q1 2026 10-Q (period ended 2026-03-28) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer