SPX Technologies currently trades at $232.66 and has been a dream stock for shareholders. It’s returned 291% since June 2021, blowing past the S&P 500’s 71.7% gain. The company has also beaten the index over the past six months as its stock price is up 13.1% thanks to its solid quarterly results.
Is now still a good time to buy SPXC? Or are investors being too optimistic? Find out in our full research report, it’s free.
Why Are We Positive on SPX Technologies?
With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE: SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets.
1. Skyrocketing Revenue Shows Strong Momentum
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Thankfully, SPX Technologies’s 15.1% annualized revenue growth over the last five years was incredible. Its growth beat the average industrials company and shows its offerings resonate with customers.
2. Outstanding Long-Term EPS Growth
We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.
SPX Technologies’s EPS grew at 19.9% compounded annual growth rate over the last five years, higher than its 15.1% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.
3. Increasing Free Cash Flow Margin Juices Financials
If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills.
As you can see below, SPX Technologies’s margin expanded by 8.1 percentage points over the last five years. This is encouraging because it gives the company more optionality. SPX Technologies’s free cash flow margin for the trailing 12 months was 11.5%.
Final Judgment
These are just a few reasons why SPX Technologies ranks near the top of our list, and with its shares outperforming the market lately, the stock trades at 29.7× forward P/E (or $232.66 per share). Is now a good time to initiate a position? See for yourself in our comprehensive research report, it’s free.
Stocks We Like Even More Than SPX Technologies
WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses.
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Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
