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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spirax Group's retained earnings for the quarter that ended in Dec. 2025 was $1,656 Mil.
Spirax Group's quarterly retained earnings
increased
from Dec. 2024 ($1,505 Mil) to Jun. 2025 ($1,582 Mil) and
increased
from Jun. 2025 ($1,582 Mil) to Dec. 2025 ($1,656 Mil).
Spirax Group's annual retained earnings
increased
from Dec. 2023 ($1,418 Mil) to Dec. 2024 ($1,505 Mil) and
increased
from Dec. 2024 ($1,505 Mil) to Dec. 2025 ($1,656 Mil).
Spirax Group (OTCPK:SPXSF) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Spirax Group Retained Earnings Historical Data
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The historical data trend for Spirax Group's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Spirax Group (SPXSF) has a Retained Earnings of $1,656 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spirax Group and its competitors.
Is Spirax Group's Retained Earnings too high?
Spirax Group's current Retained Earnings is $1,656 Mil. Overall, Spirax Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spirax Group's Retained Earnings compare to GEV and ETN?
Spirax Group's Retained Earnings of $1,656 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spirax Group and its competitors. Spirax Group's current Retained Earnings is $1,656 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirax Group stock overvalued right now?
Based on GuruFocus' analysis, Spirax Group (SPXSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $111.36, compared to a current price of $89.08 — trading 20% below its estimated fair value. The current Retained Earnings is $1,656 Mil. Spirax Group's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Spirax Group (SPXSF), the current Retained Earnings is $1,656 Mil as of Dec. 2025. 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 Spirax Group (SPXSF) Overvalued in 2026?
Based on GuruFocus' analysis, Spirax Group stock appears to be undervalued.
The current stock price of $89.08 is trading 20% below its estimated GF Value™ of $111.36.
GuruFocus considers Spirax Group to be Modestly Undervalued.
Key valuation signals for SPXSF:
Retained Earnings: $1,656 Mil
GF Value™: $111.36 vs. price of $89.08 (20% below fair value)
No single metric tells the full story. See the SPXSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions, and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
88GF Score
Get the complete analysis for SPXSF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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