SPX Technologies, Inc. (SPXC) FY2025 10-K Annual Report
SPX Technologies, Inc. (SPXC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SPX Technologies, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: diversified global supplier of engineered HVAC and detection/measurement solutions with operations in 16 countries, 4,700 employees
- • New emphasis on expanding detection and measurement products through innovative hardware and software to serve broader markets
Management Discussion & Analysis
- • Revenue $2,265.1M in 2025, up 14.2% YoY from $1,983.9M in 2024; growth driven by acquisitions and organic growth in HVAC and Detection segments
- • Operating income $350.4M (2025) vs $308.3M (2024), income tax rate 21.8% vs 21.0%; gross margin 40.5% vs 40.3% YoY
Risk Factors
- • U.S. government contracting risk: potential contract termination or suspension under FAR regulations, risking fines, penalties, and loss of future contracts
- • Geopolitical exposure: 80% U.S. revenue concentration faces risks from U.S. trade sanctions, tariffs, and export controls increasing costs or limiting sales
SPX Technologies, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$2.3B
▲ +14.2% YoY
Net Income
$244M
▲ +21.7% YoY
Operating Margin
15.5%
▼ -7bp YoY
Net Margin
10.8%
▲ +67bp YoY
ROE
10.9%
▼ -358bp YoY
Total Assets
$3.6B
▲ +32.8% YoY
EPS (Diluted)
$5.03
▲ +18.1% YoY
Operating Cash Flow
$333M
▲ +16.6% YoY
Source: XBRL data from SPX Technologies, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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