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SPX Corp(SPXC)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$169.46
10/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • BUY Advisory
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for SPXC

10/09/2026: SPXC (1-star) is currently NOT-A-BUY. Pass it for now.

SPX Corp is a focused industrial infrastructure company known for its specialized cooling and utility detection products. Its primary strength lies in its leading position in niche markets like commercial cooling and utility inspection, which benefit from long-term infrastructure and data center demand. While the company offers a compelling growth story centered on modernizing critical assets, it faces risks from cyclical commercial construction shifts and raw material price volatility. The stock is best suited for growth-oriented investors looking for exposure to essential industrial technology. Shareholders should monitor the integration of recent acquisitions and the company’s success in capturing opportunities in the expanding data center market.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitConsistent organic growth and effective M&A strategy drive sustainable earnings expansion.
Momentum investorStrong fit while signal remains positiveThe stock has shown consistent price strength driven by infrastructure sector tailwinds.
Value investorMixed fitThe company often trades at a premium valuation due to its high-quality niche positioning.
Dividend investorWeak fitSPX prioritize capital allocation toward growth and buybacks over significant dividend payouts.
Low-risk investorMixed fitThe industrial nature of the business involves exposure to cyclical economic shifts and raw material price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock can experience sharper moves during shifts in industrial sentiment or macro-economic outlooks.
Valuation riskMediumA higher price-to-earnings multiple leaves less room for error if growth slows unexpectedly.
Competition risk (Diversified Industrial)MediumLarger peers like Johnson Controls have greater R&D scale and distribution resources.
Business qualityStrongThe company possesses strong franchise quality through its niche market leadership and essential product categories.
Dividend incomeLowInvestors seeking immediate passive income may find the yield insufficient for their requirements.
Execution riskMediumSuccess relies heavily on the ability to integrate acquisitions and maintain manufacturing efficiency.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 17.92%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SPXC receives a 4-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
SPXC has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+21.7%) and solid cash generation (FCF margin 10.6%) are partially offset by modest insider ownership of 3.07%.

Financial Health Rating

★★★★★
SPXC's financial health is supported by solid cash strength, including free-cash-flow generation (10.6% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is SPXC's strongest growth driver at +21.7% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+14.2%, solid) is also solid, while free-cash-flow growth (-2.7%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 96.9% and approximately 97.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.07% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 9.69%
Capital Research & Mgmt Co - Division 3 5.12%
Capital World Investors 4.67%
Vanguard Portfolio Management, LLC 4.52%
Vanguard Capital Management, LLC 4.51%

Unit Economics (Per $1K Revenue)

★★★★★
SPXC generates approximately $405 of gross profit, $155 of operating income, and $106 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and solid cash conversion support a 3-star rating, while capital efficiency is moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 21.84%

Quantitative Style Profile

★★★★★
SPXC has a high-quality, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 8.44B USD
Price to earnings Ratio 29.73
1Y Target Price 257.36
Price to earnings Ratio 29.73
1Y Target Price 257.36
Volume (30-day avg) 586.5K shares
Beta 1.24
52 Weeks Range 166.17 - 251.08
Updated Date 10/09/2026
52 Weeks Range 166.17 - 251.08
Updated Date 10/09/2026
Dividends yield (FY) -
Basic EPS (TTM) 5.67

How Company Makes Money

Business areaWhat it includesRetail investor read
HVACMarley cooling towers and industrial cooling solutions for commercial buildings and data centers.This is the core steady revenue driver benefiting from commercial building upgrades.
Detection and MeasurementRadiodetection utility locators and pipeline inspection tools used by municipal and utility workers.This segment provides high-margin, specialized tools that are essential for utility maintenance.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 29.73
Forward PE 17.57
Enterprise Value 9.14B
Price to Sales(TTM) 3.41
Enterprise Value 9.14B
Price to Sales(TTM) 3.41
Enterprise Value to Revenue 3.69
Enterprise Value to EBITDA 17.12
Shares Outstanding 50.09M
Shares Floating 49.00M
Shares Outstanding 50.09M
Shares Floating 49.00M
Percent Insiders 3.07
Percent Institutions 96.86

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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