SPX Technologies Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $1.98B | $1.74B | $1.46B | $1.22B | $1.13B | $1.12B | $1.51B |
| Cost of Revenue | $1.35B | $1.18B | $1.07B | $937.0M | $787.7M | $732.6M | $721.6M | $1.10B |
| Gross Profit | $917.7M | $799.4M | $670.0M | $523.9M | $431.8M | $395.5M | $402.0M | $410.0M |
| Gross Margin | 40.5% | 40.3% | 38.5% | 35.9% | 35.4% | 35.1% | 35.8% | 27.1% |
| Operating Expenses | ||||||||
| Research & Development | $54.0M | $45.9M | $43.2M | $39.1M | $30.7M | $28.1M | $24.3M | $22.9M |
| SG&A Expense | $477.6M | $414.6M | $394.4M | $355.7M | $309.6M | $272.5M | $275.8M | $289.1M |
| Operating Income | $350.4M | $308.3M | $221.9M | $51.0M | $73.7M | $96.9M | $114.0M | $112.5M |
| Operating Margin | 15.5% | 15.5% | 12.7% | 3.5% | 6.0% | 8.6% | 10.1% | 7.4% |
| Interest Expense | — | — | $27.2M | $9.3M | $13.1M | $18.4M | $21.0M | $21.5M |
| Pretax Income | $314.1M | $255.4M | $186.3M | $27.1M | $69.9M | $78.6M | $88.8M | $84.5M |
| Income Tax Expense | $68.6M | $53.6M | $41.6M | $7.3M | $10.9M | $4.8M | $12.5M | $2.6M |
| Net Income | $244.0M | $200.5M | $89.9M | $200.0K | $425.4M | $99.0M | $65.3M | $81.2M |
| Net Margin | 10.8% | 10.1% | 5.2% | 0.0% | 34.9% | 8.8% | 5.8% | 5.4% |
| EPS (Basic) | $5.10 | $4.34 | $1.97 | $0.00 | $9.39 | $2.22 | $1.61 | $1.89 |
| EPS (Diluted) | $5.03 | $4.26 | $1.93 | $0.00 | $9.15 | $2.16 | $1.58 | $1.82 |
| Shares Outstanding (Basic) | 47.8M | 46.2M | 45.5M | 45.3M | 45.3M | 44.6M | 43.9M | 43.1M |
| Shares Outstanding (Diluted) | 48.5M | 47.1M | 46.6M | 46.2M | 46.5M | 45.8M | 45.0M | 44.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |