SPX Technologies (STU:SPW0) Operating Income: €347 Mil (TTM As of Jun. 2026)

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STU:SPW0 SPX Technologies Inc STU:SPW0
89 GF Score
Price €185.40
GF Value €164.57
Valuation Modestly Overvalued
! 2 Warning Signs
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What is SPX Technologies Operating Income?

SPX Technologies STU:SPW0 +0.54% 89 Operating Income is €347 Mil as of Jun. 2026. GuruFocus rates STU:SPW0 with a GF Score™ of 89/100 and a GF Value™ of €164.57 (Modestly Overvalued). The stock has 2 warning signs investors should review.

SPX Technologies's Operating Income for the three months ended in Jun. 2026 was €101 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €347 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SPX Technologies's Operating Income for the three months ended in Jun. 2026 was €101 Mil. SPX Technologies's Revenue for the three months ended in Jun. 2026 was €589 Mil. Therefore, SPX Technologies's Operating Margin % for the quarter that ended in Jun. 2026 was 17.17%.

Good Sign:

SPX Technologies Inc operating margin is expanding. Margin expansion is usually a good sign.

SPX Technologies's 5-Year average Growth Rate for Operating Margin % was 17.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPX Technologies's annualized ROC % for the quarter that ended in Jun. 2026 was 10.71%. SPX Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 68.60%.


SPX Technologies  (STU:SPW0) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SPX Technologies's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=404.836 * ( 1 - 22.41% )/( (2929.928 + 2934.881)/ 2 )
=314.1122524/2932.4045
=10.71 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3355.767 - 290.467 - ( 135.372 - max(0, 416.238 - 876.245+135.372))
=2929.928

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3419.312 - 339.996 - ( 144.435 - max(0, 524.359 - 956.883+144.435))
=2934.881

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SPX Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=385.392/( ( (265.728 + max(282.595, 0)) + (281.926 + max(293.384, 0)) )/ 2 )
=385.392/( ( 548.323 + 575.31 )/ 2 )
=385.392/561.8165
=68.60 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(338.647 + 296.176 + 37.801) - (290.467 + 99.561 + 0.0010000000000332)
=282.595

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(384.003 + 324.632 + 36.022) - (339.996 + 111.278 + -0.00099999999997635)
=293.384

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

SPX Technologies's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=101.209/589.372
=17.17 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


SPX Technologies Operating Income Related Terms


SPX Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for SPX Technologies's Operating Income 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.

SPX Technologies Operating Income Chart

SPX Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.66 61.17 204.22 297.87 300.78

SPX Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.08 82.81 86.85 76.03 101.21
STU:SPW0
89GF Score
SPX Technologies Inc STU:SPW0
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SPX Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €347 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €347 Mil mean?
SPX Technologies (STU:SPW0) has a Operating Income of €347 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SPX Technologies and its competitors.
Is SPX Technologies' Operating Income too high?
SPX Technologies' current Operating Income is €347 Mil. Overall, SPX Technologies has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPX Technologies' Operating Income compare to WMS and OC?
SPX Technologies' Operating Income of €347 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SPX Technologies and its competitors. SPX Technologies's current Operating Income is €347 Mil. 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 (STU:SPW0) is currently considered Modestly Overvalued. The stock's GF Value™ is €164.57, compared to a current price of €185.40 — trading 12.7% above its estimated fair value. The current Operating Income is €347 Mil. SPX Technologies' overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For SPX Technologies (STU:SPW0), the current Operating Income is €347 Mil as of Jun. 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 (STU:SPW0) Overvalued in 2026?

Based on GuruFocus' analysis, SPX Technologies stock appears to be overvalued. The current stock price of €185.40 is trading 12.7% above its estimated GF Value™ of €164.57. GuruFocus considers SPX Technologies to be Modestly Overvalued.

Key valuation signals for STU:SPW0:

  • Operating Income: €347 Mil
  • GF Value™: €164.57 vs. price of €185.40 (12.7% above fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the STU:SPW0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SPX Technologies Business Description

Other Exchanges SPXC:USA
Address 6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277
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.
89GF Score

Get the complete analysis for STU:SPW0

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€185.40
Price
€164.57
GF Value