Filing Flows › SPX Technologies (SPXC) › Q4 2025
SPX Technologies (SPXC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
SPX Technologies (SPXC) reported revenue of $637M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +8% from the quarter before. Operating margin was 15.7%, net earnings $77.9M (12.2% of revenue).
SPX Technologies, Q4 2025: revenue $637M (+19% year over year), operating margin 15.7%, net earnings $77.9M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $637M | +8% | +19% |
| Operating profit | $100M | +3% | +11% |
| Net earnings | $77.9M | +24% | +36% |
| Operating cash flow | $195M | +83% | +17% |
| Free cash flow | $127M | +32% | -19% |
What changed
Revenue was $637.3M in Q4 2025, up 19% year over year and up 8% from the previous quarter.
Operating profit was $100.1M, a 15.7% margin (down 1.2 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 17% margin then. Total costs grew 21% against revenue growth of 19%. The fastest-growing cost line was SG&A (+22%). Net earnings were $77.9M, up 36% year over year. The effective tax rate was 25.5%.
Operating cash flow was $195.2M (up 17% year over year), 251% of net earnings. Non-cash charges added back $30.7M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $81.7M. Capital expenditures of $68.5M left free cash flow of $126.7M.
Questions
What was SPX Technologies' revenue in the fourth quarter 2025?
SPX Technologies (SPXC) reported revenue of $637M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +8% from the quarter before.
Was SPX Technologies profitable in the fourth quarter 2025?
Operating profit was $100M (15.7% of revenue) and net earnings $77.9M.
Source: SPX Technologies 10-K on SEC EDGAR.