SPX TechnologiesSPXC +0.04%91 Gross Margin % is 40.68% as of Mar. 2026, which is 14% above its 10-year median of 35.60. GuruFocus rates SPXC with a GF Score™ of 91/100 and a GF Value™ of $178.00 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,724 Construction companies, SPX Technologies ranks better than 83.47% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SPX Technologies had a gross margin of 40.68% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
SPX Technologies Gross Margin % Related Terms
SPX Technologies Gross Margin % Historical Data
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The historical data trend for SPX Technologies's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Building Products & Equipment subindustry, SPX Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SPX Technologies Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, SPX Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SPX Technologies's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SPX Technologies (SPXC) has a Gross Margin % of 40.68% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SPX Technologies and its competitors. This is 14% above median its historical median of 35.60. Over the past decade, SPX Technologies' Gross Margin % has ranged from 23.16 to 40.54. According to the industry distribution chart, SPX Technologies ranks #285 out of 1724 companies in the Construction industry, placing it in the top 16.5%.
Is SPX Technologies' Gross Margin % too high?
SPX Technologies' current Gross Margin % of 40.68% is 14% above median its 10-year median of 35.60. Over the past 10 years, this metric has ranged from a low of 23.16 to a high of 40.54. The Construction industry median Gross Margin % is 20.71. SPX Technologies' value of 40.68% is 96.5% above this industry median. Based on the distribution chart, SPX Technologies ranks #285 out of 1724 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, SPX Technologies has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPX Technologies' Gross Margin % compare to WMS and AAON?
According to the Construction industry distribution chart, SPX Technologies ranks #285 out of 1724 companies for Gross Margin %. This places SPX Technologies in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.71. SPX Technologies' value of 40.68% is 96.5% above this benchmark. Historically, SPX Technologies' own Gross Margin % has ranged from 23.16 to 40.54 over the past decade. While the company's 10-year median is 35.60 vs. the industry median of 20.71, SPX Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,724 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPX Technologies's current Gross Margin % of 40.68% is 96.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on SPX Technologies and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPX Technologies's current Gross Margin % is 40.68%, which is 14% above median its own 10-year median of 35.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPX Technologies stock overvalued right now?
Based on GuruFocus' analysis, SPX Technologies (SPXC) is currently considered Significantly Overvalued. The stock's GF Value™ is $178.00, compared to a current price of $244.67 — trading 37.5% above its estimated fair value. The current Gross Margin % is 40.68%, which is 14% above median its 10-year median of 35.60 and 96.5% above the Construction industry median of 20.71. SPX Technologies' overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For SPX Technologies (SPXC), the current Gross Margin % is 40.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SPX Technologies (SPXC) Overvalued in 2026?
Based on GuruFocus' analysis, SPX Technologies stock appears to be overvalued.
The current stock price of $244.67 is trading 37.5% above its estimated GF Value™ of $178.00.
GuruFocus considers SPX Technologies to be Significantly Overvalued.
Key valuation signals for SPXC:
Gross Margin %: 40.68% (14% above median its 10-year median of 35.60)
GF Value™: $178.00 vs. price of $244.67 (37.5% above fair value)
Industry Position: 96.5% above the Construction median (#285 of 1724)
No single metric tells the full story. See the SPXC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The Detection and Measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company has its operations in the United States, Canada, China, the United Kingdom, and Others. It derives maximum revenue from United States.
91GF Score
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