SPXC vs AOS vs LII Stock Comparison

SPX Technologies, Smith A O and Lennox International Prices as of Nov 3, 2026 Peers: Industry group
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AOS Smith A O Corp
$63.83 +12.4% 1M -2.8% 1Y
Market cap
$9.10B
P/E
18.4x
Revenue (TTM)
$3.80B
Div. yield
0.02%
HVAC Industrials
4 wins

Head to Head

12 decided of 12

Lennox International leads on 6 of the 12 questions below (Lennox International 6, Smith A O 4, SPX Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSPXCAOSLIILeader
Larger companyMarket capitalisation $7.67B $9.10B $12.41B LII
Cheaper on earningsLower P/E, profitable companies only 25.7x 18.4x 16.5x LII
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.1x 17.7x 15.3x LII
Faster revenue growthRevenue growth, trailing twelve months +20.2% -0.7% +1.9% SPXC
More profitableNet margin, trailing twelve months 11.5% 13.0% 13.8% LII
Better return on capitalReturn on invested capital 9.7% 20.8% 27.6% LII
Less leveragedLower net debt / EBITDA 2.2x 0.6x 1.4x AOS
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% AOS
Better 1-year returnPrice return, last 12 months -24.0% -2.8% -29.8% AOS
Better 5-year returnAnnualised price return, 5 years +21.4%/yr -3.9%/yr +2.9%/yr SPXC
Less volatileAnnualised volatility, 1 year 40.0% 27.9% 42.9% AOS
Higher overall scoreMean of the five percentile scores vs peers 64/100 62/100 65/100 LII

Percentile Scorecard

SPXCAOSLII

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

AxisSPXCAOSLII
Valuation 41 #34 of 57 68 #19 of 57 61 #23 of 57
Growth 100 #1 of 54 32 #37 of 54 51 #27 of 54
Profitability 64 #20 of 53 89 #7 of 53 98 #2 of 53
Financial Health 52 #29 of 59 78 #14 of 59 38 #37 of 59
Shareholder Returns – 46 #23 of 42 78 #10 of 42
Overall 64 62 65
  • SPXC ranked among 59 companies in Construction Products
  • AOS ranked among 59 companies in Construction Products
  • LII ranked among 59 companies in Construction Products

Price Performance

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

Returns

PeriodSPXCAOSLIISPY
1 month -5.6%+12.4%-2.7% -2.0%
3 months -24.3%+0.7%-22.4% -2.2%
6 months -21.3%+8.4%-33.6% +4.2%
Year to date -18.2%-4.6%-28.6% +10.6%
1 year -24.0%-2.8%-29.8% +10.4%
3 years +98.2%-10.8%-10.5% +73.6%
3 years, per year +25.6%-3.7%-3.6% +20.2%
5 years +163.2%-18.0%+15.1% +61.6%
5 years, per year +21.4%-3.9%+2.9% +10.1%
10 years +796.7%+45.7%+143.1% +261.3%
10 years, per year +24.5%+3.8%+9.3% +13.7%

Risk

MeasureSPXCAOSLIISPY
Volatility, 1Y 40.0%27.9%42.9% 12.8%
Downside volatility, 1Y 42.3%26.5%48.4% 12.8%
Beta vs S&P 500, 1Y 1.760.701.28 1.00
Return / volatility, 1Y -0.60-0.10-0.70 0.81
Max drawdown, 5Y -38.3%-43.4%-51.0% -25.4%
From 52-week high -33.6%-20.7%-39.5% -3.2%
52-week high $246.41$80.47$572.95 $779.14
52-week low $158.40$55.34$332.41 $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.

MultipleSPXCAOSLII
P/E now vs peer median 27.5xmedian 21.3x 17.5xmedian 21.3x 15.9xmedian 21.3x
P/S now vs peer median 3.2xmedian 1.7x 2.3xmedian 1.7x 2.2xmedian 1.7x
EV/EBITDA now vs peer median 16.9xmedian 13.6x 11.8xmedian 13.6x 11.6xmedian 13.6x
P/FCF now vs peer median 35.9xmedian 17.5x 15.3xmedian 17.5x 14.2xmedian 17.5x
P/B now vs peer median 3.4xmedian 2.9x 4.7xmedian 2.9x 9.0xmedian 2.9x
PEG now vs peer median 0.26median 1.14 0.78median 1.14 1.24median 1.14

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 monthsSPXCAOSLII
Revenue $2.60B $3.80B $5.45B
Gross profit $1.04B $1.47B $1.78B
Operating income $418.10M $668.30M $1.03B
Net income $298.10M $494.60M $749.90M
Free cash flow $228.00M $561.70M $835.70M
EPS (diluted) $5.89 $3.63 $21.74
Cash & equivalents $119.20M $234.50M $43.30M
Total debt $1.33B $673.10M $1.62B
Shares (diluted) 50.65M 136.10M 34.50M
Enterprise value $6.86B $8.29B $12.22B

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
MetricSPXCAOSLII
P/E 27.5x 17.5x 15.9x
P/FCF 35.9x 15.3x 14.2x
P/Operating cash flow 21.8x 14.0x 12.0x
P/S 3.2x 2.3x 2.2x
P/B 3.4x 4.7x 9.0x
P/Tangible book 8.7x 6.9x 12.1x
EV/EBITDA 16.9x 11.8x 11.6x
EV/EBIT 22.5x 13.5x 13.1x
EV/Revenue 3.6x 2.4x 2.5x
EV/FCF 41.3x 16.0x 16.1x
EV/Operating cash flow 25.0x 14.7x 13.6x
PEG (3Y EPS CAGR) 0.26 0.78 1.24

Growth

14 metrics
MetricSPXCAOSLII
Revenue growth (1Y) 20.2% -0.7% 1.9%
Revenue CAGR (3Y) 15.2% 0.0% 3.4%
Gross profit growth (1Y) 17.4% -0.4% -1.6%
Gross profit CAGR (3Y) 17.2% 0.1% 6.3%
Operating income growth (1Y) 22.8% -7.2% -6.4%
Operating income CAGR (3Y) 46.2% -3.9% 11.7%
Net income growth (1Y) 33.6% -6.8% -13.3%
Net income CAGR (3Y) 112.4% 18.2% 11.6%
EPS growth (1Y) 29.0% -3.5% -11.6%
EPS CAGR (3Y) 106.8% 22.5% 12.8%
Operating cash flow growth (1Y) 22.7% -6.6% 44.6%
Operating cash flow CAGR (3Y) 58.9% -0.2% 20.7%
Free cash flow growth (1Y) -16.5% -1.8% 56.4%
Free cash flow CAGR (3Y) 47.3% 0.5% 27.5%

Profitability

14 metrics
MetricSPXCAOSLII
Gross margin 39.9% 38.6% 32.6%
EBITDA margin 21.5% 20.1% 21.2%
Operating margin 16.1% 17.6% 18.8%
Pretax margin 15.0% 16.8% 17.6%
Net margin 11.5% 13.0% 13.8%
FCF margin 8.8% 14.8% 15.3%
Operating cash flow margin 14.5% 16.1% 18.2%
Return on equity 12.4% 27.0% 57.4%
Return on assets 6.8% 13.6% 16.2%
Return on invested capital 9.7% 20.8% 27.6%
Return on capital employed 11.1% 24.0% 36.9%
Asset turnover 0.6x 1.0x 1.2x
Cash conversion (OCF / net income) 1.3x 1.2x 1.3x
Stock comp / revenue 0.7% 0.4% 0.4%

Financial Health

11 metrics
MetricSPXCAOSLII
Debt / assets 27.5% 18.4% 34.6%
Debt / equity 0.5x 0.4x 1.2x
Net debt / EBITDA 2.2x 0.6x 1.4x
Debt / FCF 5.9x 1.2x 1.9x
Liabilities / assets 49.6% 50.1% 71.9%
Equity / assets 50.4% 49.9% 28.1%
Interest coverage 11.5x 26.4x 16.2x
Current ratio 1.8x 1.6x 1.2x
Quick ratio 1.1x 1.0x 0.5x
Cash ratio 0.2x 0.3x 0.0x
Altman Z-score 3.20 6.23 5.69

Shareholder Returns

7 metrics
MetricSPXCAOSLII
Dividend yield – 2.3% 1.5%
Net buyback yield – 3.8% 3.8%
Shareholder yield 0.0% 6.1% 5.3%
Payout ratio (earnings) – 40.3% 24.4%
Payout ratio (FCF) – 35.5% 21.9%
Dividend growth (1Y) – 2.4% 8.7%
Dividend CAGR (3Y) – 3.1% 6.1%

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.

ConsensusSPXCAOSLII
Forward P/E 19.1xFY2026 17.7xFY2026 15.3xFY2026
EPS, next fiscal year $8.57FY2026 $3.60FY2026 $22.65FY2026
EPS growth, next FY +26.8%FY2026 -6.5%FY2026 -2.2%FY2026
EPS growth, the year after +20.1% +15.0% +7.9%
Revenue, next fiscal year $2.64BFY2026 $3.73BFY2026 $5.75BFY2026
Revenue growth, next FY +16.4%FY2026 -2.6%FY2026 +10.5%FY2026
Revenue growth, the year after +14.6% +3.9% +7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSPXCAOSLII
Held by institutions 93.8% 91.9% 77.3%
Institutions holding 512 616 658
Change in shares held, QoQ +10.8% +7.1% +1.8%
Institutions buying 277 317 318
Institutions selling 162 226 236
Buyers to sellers 1.71 1.40 1.35

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.

SPXCAOSLII
SPXC 1.00 0.31 0.42
AOS 0.31 1.00 0.62
LII 0.42 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SPXC, AOS and LII?

Lennox International (LII) is the largest by market capitalisation: SPX Technologies (SPXC) $7.67B, Smith A O (AOS) $9.10B, Lennox International (LII) $12.41B.

Which stock is cheaper, SPXC, AOS and LII?

Lennox International (LII) trades on the lowest price-to-earnings ratio (SPX Technologies (SPXC) 25.7x, Smith A O (AOS) 18.4x, Lennox International (LII) 16.5x). On next year's consensus earnings, Lennox International (LII) is cheapest (SPX Technologies (SPXC) 19.1x, Smith A O (AOS) 17.7x, Lennox International (LII) 15.3x). 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: SPX Technologies (SPXC) +20.2%, Smith A O (AOS) -0.7%, Lennox International (LII) +1.9%.

Which company is more profitable?

Lennox International (LII) has the highest net margin (SPX Technologies (SPXC) 11.5%, Smith A O (AOS) 13.0%, Lennox International (LII) 13.8%). On return on invested capital, Lennox International (LII) leads (SPX Technologies (SPXC) 9.7%, Smith A O (AOS) 20.8%, Lennox International (LII) 27.6%).

Which stock has performed better?

Over the past year Smith A O (AOS) returned the most: SPX Technologies (SPXC) -24.0%, Smith A O (AOS) -2.8%, Lennox International (LII) -29.8%. Over five years, SPX Technologies (SPXC) compounded fastest (SPX Technologies (SPXC) +21.4%/yr, Smith A O (AOS) -3.9%/yr, Lennox International (LII) +2.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Smith A O (AOS) has the highest dividend yield: SPX Technologies (SPXC) 0.00%, Smith A O (AOS) 0.02%, Lennox International (LII) 0.01%. SPX Technologies (SPXC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Smith A O (AOS) has been the steadiest (SPX Technologies (SPXC) 40.0%, Smith A O (AOS) 27.9%, Lennox International (LII) 42.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SPXC, AOS and LII?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lennox International (LII) 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.