Spx Technologies, Inc. (SPXC) intrinsic value & 10-year financials
Spx Technologies, Inc. (SPXC) has a Graham intrinsic value of $141.12 per share. At $166.04 on Oct 17, 2026, the stock trades 18% above that value. Over the last 10 fiscal years revenue grew 4.9% a year to $2.3B, with an average return on invested capital of 11.8%.
- Graham intrinsic value
- $141.12
- Share price (Oct 17, 2026)
- $166.04
- Price vs Graham value
- 18% above
- Market cap
- $8.1B
- Revenue (FY2025)
- $2.3B
- Revenue growth (10-yr CAGR)
- 4.9%
- ROIC (10-yr avg)
- 11.8%
- Free cash flow (FY2025)
- $241.2M
SPXC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.3B | $244.0M | $5.03 | $241.2M | 15.5% | 13.1% |
| FY2024 | $2.0B | $200.5M | $4.26 | $247.9M | 15.5% | 14.2% |
| FY2023 | $1.7B | $89.9M | $1.93 | $184.6M | 12.7% | 10.9% |
| FY2022 | $1.5B | $200.0K | $0.00 | -$152.7M | 3.5% | 2.4% |
| FY2021 | $1.2B | $425.4M | $9.15 | $165.0M | 6.0% | 7.9% |
| FY2020 | $1.6B | $97.2M | $2.12 | $104.8M | 8.5% | 14.5% |
| FY2019 | $1.5B | $65.3M | $1.58 | $130.8M | 7.1% | 13.0% |
| FY2018 | $1.5B | $81.2M | $1.82 | $98.2M | 7.0% | 17.4% |
| FY2017 | $1.4B | $89.3M | $2.03 | $36.6M | 3.8% | 11.5% |
| FY2016 | $1.5B | -$67.2M | -$2.02 | -$5.2M | 3.7% | 13.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SPX Technologies, Inc. has demonstrated mature, steady growth, with revenue compounding at 4.9% annually over the past decade.
SPX Technologies, Inc. returns on capital have been average, hovering around 11.8% ROIC over the decade.
SPX Technologies, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SPX Technologies, Inc. is modeled at 12.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $141.12 per share.