AYI vs SPXC vs ZWS Stock Comparison

Acuity Inc. (De), SPX Technologies and Zurn Elkay Water Solutions Prices as of Oct 29, 2026 Peers: Industry group
AYI Acuity Inc. (De)
$327.36 +6.1% 1M -9.4% 1Y
Market cap
$9.58B
P/E
18.0x
Revenue (TTM)
$4.64B
Div. yield
0.00%
Building Products Industrials
6 wins

Head to Head

12 decided of 12

Acuity Inc. (De) leads on 6 of the 12 questions below (Acuity Inc. (De) 6, Zurn Elkay Water Solutions 4, SPX Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAYISPXCZWSLeader
Larger companyMarket capitalisation $9.58B $7.98B $7.42B AYI
Cheaper on earningsLower P/E, profitable companies only 18.0x 31.0x 25.5x AYI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.4x 19.5x 23.9x AYI
Faster revenue growthRevenue growth, trailing twelve months +6.8% +20.2% +10.1% SPXC
More profitableNet margin, trailing twelve months 11.4% — 15.9% ZWS
Better return on capitalReturn on invested capital 15.4% — 14.0% AYI
Less leveragedLower net debt / EBITDA 0.1x — 0.4x AYI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% ZWS
Better 1-year returnPrice return, last 12 months -9.4% -16.2% -6.8% ZWS
Better 5-year returnAnnualised price return, 5 years +9.8%/yr +23.6%/yr +4.3%/yr SPXC
Less volatileAnnualised volatility, 1 year 38.1% 41.5% 30.0% ZWS
Higher overall scoreMean of the five percentile scores vs peers 81/100 53/100 78/100 AYI

Percentile Scorecard

AYISPXCZWS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAYISPXCZWS
Valuation 76 #14 of 55 17 #46 of 55 44 #31 of 55
Growth 84 #9 of 51 100 #1 of 51 98 #2 of 51
Profitability 77 #12 of 49 42 #29 of 49 81 #10 of 49
Financial Health 87 #8 of 55 – 89 #7 of 55
Shareholder Returns 82 #8 of 40 – 77 #10 of 40
Overall 81 53 78
  • AYI ranked among 59 companies in Construction Products
  • SPXC ranked among 59 companies in Construction Products
  • ZWS ranked among 59 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAYISPXCZWSSPY
1 month +6.1%-1.8%-4.5% +0.7%
3 months -3.0%-15.9%-10.8% +3.7%
6 months +13.0%-23.5%-13.9% +7.1%
Year to date -9.1%-16.3%-3.8% +12.8%
1 year -9.4%-16.2%-6.8% +11.9%
3 years +105.6%+110.9%+71.6% +85.2%
3 years, per year +27.2%+28.3%+19.7% +22.8%
5 years +59.4%+188.4%+23.3% +67.6%
5 years, per year +9.8%+23.6%+4.3% +10.9%
10 years +46.7%+785.0%+372.3% +262.0%
10 years, per year +3.9%+24.4%+16.8% +13.7%

Risk

MeasureAYISPXCZWSSPY
Volatility, 1Y 38.1%41.5%30.0% 12.7%
Downside volatility, 1Y 41.7%41.8%29.2% 12.6%
Beta vs S&P 500, 1Y 1.391.740.85 1.00
Return / volatility, 1Y -0.25-0.39-0.23 0.94
Max drawdown, 5Y -34.7%-38.3%-47.8% -25.4%
From 52-week high -13.1%-32.0%-15.9% -1.2%
52-week high $376.69$246.41$53.17 $779.14
52-week low $257.79$160.01$43.46 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAYISPXCZWS
P/E now vs peer median 18.7xmedian 20.3x 31.0xmedian 20.3x 25.6xmedian 20.3x
P/S now vs peer median 2.1xmedian 1.6x 3.2xmedian 1.6x 4.1xmedian 1.6x
EV/EBITDA now vs peer median 11.2xmedian 12.6x —median 12.6x 15.5xmedian 12.6x
P/FCF now vs peer median 13.0xmedian 16.9x 28.4xmedian 16.9x 19.1xmedian 16.9x
P/B now vs peer median 3.3xmedian 3.0x 3.4xmedian 3.0x 4.4xmedian 3.0x
PEG now vs peer median 1.13median 1.13 —median 1.13 0.65median 1.13

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAYISPXCZWS
Revenue $4.64B $2.60B $1.83B
Gross profit $2.35B – $920.70M
Operating income $713.70M $418.10M $403.00M
Net income $531.30M $298.10M $290.60M
Free cash flow $747.90M – $387.00M
EPS (diluted) $17.06 – $1.73
Cash & equivalents $636.30M $119.20M $307.10M
Total debt $697.40M – $500.30M
Shares (diluted) 31.15M 50.68M 168.11M
Enterprise value $7.88B $7.98B $6.17B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAYISPXCZWS
P/E 18.7x 31.0x 25.6x
P/FCF 13.0x 28.4x 19.1x
P/Operating cash flow 11.8x 22.3x 17.9x
P/S 2.1x 3.2x 4.1x
P/B 3.3x 3.4x 4.4x
P/Tangible book 4.9x 8.9x 8.6x
EV/EBITDA 11.2x – 15.5x
EV/EBIT 13.7x – 18.8x
EV/Revenue 2.1x 3.2x 4.2x
EV/FCF 13.1x – 19.6x
EV/Operating cash flow 11.8x 22.3x 18.4x
PEG (3Y EPS CAGR) 1.13 – 0.65

Growth

14 metrics
MetricAYISPXCZWS
Revenue growth (1Y) 6.8% 20.2% 10.1%
Revenue CAGR (3Y) 5.5% 15.2% 6.5%
Gross profit growth (1Y) 13.1% – 23.6%
Gross profit CAGR (3Y) 11.1% – 15.2%
Operating income growth (1Y) 26.6% 22.8% 50.5%
Operating income CAGR (3Y) 14.7% 46.2% 31.2%
Net income growth (1Y) 34.0% 33.6% 51.1%
Net income CAGR (3Y) 15.4% 112.4% 37.0%
EPS growth (1Y) 36.1% – 53.1%
EPS CAGR (3Y) 16.6% – 39.2%
Operating cash flow growth (1Y) 37.3% 22.7% 29.5%
Operating cash flow CAGR (3Y) 12.6% 58.9% 13.8%
Free cash flow growth (1Y) 40.3% – 34.1%
Free cash flow CAGR (3Y) 13.5% – 14.0%

Profitability

14 metrics
MetricAYISPXCZWS
Gross margin 50.6% – 50.4%
EBITDA margin 18.7% – 26.8%
Operating margin 15.4% – 22.1%
Pretax margin 14.7% – 21.0%
Net margin 11.4% – 15.9%
FCF margin 16.1% – 21.2%
Operating cash flow margin 17.8% 14.5% 22.6%
Return on equity 18.2% 12.4% 17.3%
Return on assets 11.2% 6.8% 10.4%
Return on invested capital 15.4% – 14.0%
Return on capital employed 19.5% – 16.2%
Asset turnover 1.0x 0.6x 0.7x
Cash conversion (OCF / net income) 1.6x 1.3x 1.4x
Stock comp / revenue 1.1% 0.7% 2.4%

Financial Health

11 metrics
MetricAYISPXCZWS
Debt / assets 14.3% – 17.8%
Debt / equity 0.2x – 0.3x
Net debt / EBITDA 0.1x – 0.4x
Debt / FCF 0.9x – 1.3x
Liabilities / assets 39.0% – 39.7%
Equity / assets 61.0% 50.4% 60.3%
Interest coverage – – 16.1x
Current ratio 1.7x 1.8x 2.9x
Quick ratio 1.2x – 1.8x
Cash ratio 0.6x – 1.0x
Altman Z-score 6.07 – 4.85

Shareholder Returns

7 metrics
MetricAYISPXCZWS
Dividend yield 0.2% – 1.0%
Net buyback yield 2.9% – 2.1%
Shareholder yield 3.1% 0.0% 3.1%
Payout ratio (earnings) 4.5% – 25.3%
Payout ratio (FCF) 3.2% – 19.0%
Dividend growth (1Y) 15.5% – 21.1%
Dividend CAGR (3Y) 12.3% – 14.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAYISPXCZWS
Forward P/E 16.4xFY2027 19.5xFY2026 23.9xFY2026
EPS, next fiscal year $20.01FY2027 $8.57FY2026 $1.87FY2026
EPS growth, next FY +0.6%FY2027 +26.8%FY2026 +23.0%FY2026
EPS growth, the year after +21.7% +20.1% +3.2%
Revenue, next fiscal year $4.68BFY2027 $2.64BFY2026 $1.81BFY2026
Revenue growth, next FY +0.9%FY2027 +16.4%FY2026 +6.6%FY2026
Revenue growth, the year after +14.4% +14.6% +3.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAYISPXCZWS
Held by institutions 99.2% 93.8% 88.6%
Institutions holding 632 511 437
Change in shares held, QoQ +4.1% +10.8% +0.9%
Institutions buying 330 276 237
Institutions selling 191 162 145
Buyers to sellers 1.73 1.70 1.63

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AYISPXCZWS
AYI 1.00 0.38 0.39
SPXC 0.38 1.00 0.36
ZWS 0.39 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AYI, SPXC and ZWS?

Acuity Inc. (De) (AYI) is the largest by market capitalisation: Acuity Inc. (De) (AYI) $9.58B, SPX Technologies (SPXC) $7.98B, Zurn Elkay Water Solutions (ZWS) $7.42B.

Which stock is cheaper, AYI, SPXC and ZWS?

Acuity Inc. (De) (AYI) trades on the lowest price-to-earnings ratio (Acuity Inc. (De) (AYI) 18.0x, SPX Technologies (SPXC) 31.0x, Zurn Elkay Water Solutions (ZWS) 25.5x). On next year's consensus earnings, Acuity Inc. (De) (AYI) is cheapest (Acuity Inc. (De) (AYI) 16.4x, SPX Technologies (SPXC) 19.5x, Zurn Elkay Water Solutions (ZWS) 23.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

SPX Technologies (SPXC) grew revenue fastest over the trailing twelve months: Acuity Inc. (De) (AYI) +6.8%, SPX Technologies (SPXC) +20.2%, Zurn Elkay Water Solutions (ZWS) +10.1%.

Which company is more profitable?

Zurn Elkay Water Solutions (ZWS) has the highest net margin (Acuity Inc. (De) (AYI) 11.4%, Zurn Elkay Water Solutions (ZWS) 15.9%). On return on invested capital, Acuity Inc. (De) (AYI) leads (Acuity Inc. (De) (AYI) 15.4%, Zurn Elkay Water Solutions (ZWS) 14.0%).

Which stock has performed better?

Over the past year Zurn Elkay Water Solutions (ZWS) returned the most: Acuity Inc. (De) (AYI) -9.4%, SPX Technologies (SPXC) -16.2%, Zurn Elkay Water Solutions (ZWS) -6.8%. Over five years, SPX Technologies (SPXC) compounded fastest (Acuity Inc. (De) (AYI) +9.8%/yr, SPX Technologies (SPXC) +23.6%/yr, Zurn Elkay Water Solutions (ZWS) +4.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Zurn Elkay Water Solutions (ZWS) has the highest dividend yield: Acuity Inc. (De) (AYI) 0.00%, SPX Technologies (SPXC) 0.00%, Zurn Elkay Water Solutions (ZWS) 0.01%. SPX Technologies (SPXC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Zurn Elkay Water Solutions (ZWS) has been the steadiest (Acuity Inc. (De) (AYI) 38.1%, SPX Technologies (SPXC) 41.5%, Zurn Elkay Water Solutions (ZWS) 30.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AYI, SPXC and ZWS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Acuity Inc. (De) (AYI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.