SPXC vs LII vs JCI Stock Comparison

SPX Technologies, Lennox International and Johnson Controls International Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

12 decided of 12

Lennox International leads on 5 of the 12 questions below (Lennox International 5, SPX Technologies 4, Johnson Controls International 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSPXCLIIJCILeader
Larger companyMarket capitalisation $8.12B $12.70B $89.59B JCI
Cheaper on earningsLower P/E, profitable companies only 29.1x 16.1x 25.0x LII
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.6x 16.6x 29.4x LII
Faster revenue growthRevenue growth, trailing twelve months +20.6% -2.1% +6.8% SPXC
More profitableNet margin, trailing twelve months 11.3% 14.9% 14.3% LII
Better return on capitalReturn on invested capital 10.5% 29.8% 10.5% LII
Less leveragedLower net debt / EBITDA 0.8x 1.3x 2.3x SPXC
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.01% LII
Better 1-year returnPrice return, last 12 months -15.8% -24.0% +30.2% JCI
Better 5-year returnAnnualised price return, 5 years +21.4%/yr +3.8%/yr +14.3%/yr SPXC
Less volatileAnnualised volatility, 1 year 41.5% 41.0% 31.3% JCI
Higher overall scoreMean of the five percentile scores vs peers 70/100 58/100 44/100 SPXC

Percentile Scorecard

SPXCLIIJCI

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

AxisSPXCLIIJCI
Valuation 41 #33 of 55 46 #30 of 55 15 #47 of 55
Growth 100 #1 of 51 46 #28 of 51 88 #7 of 51
Profitability 68 #17 of 51 92 #5 of 51 62 #20 of 51
Financial Health 71 #18 of 59 38 #37 of 59 24 #45 of 59
Shareholder Returns – 70 #13 of 41 33 #28 of 41
Overall 70 58 44
  • SPXC ranked among 59 companies in Construction Products
  • LII ranked among 59 companies in Construction Products
  • JCI ranked among 59 companies in Construction Products

Price Performance

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

Returns

PeriodSPXCLIIJCISPY
1 month -7.6%+1.0%-1.4% -1.0%
3 months -27.2%-30.5%+0.3% +2.9%
6 months -28.1%-23.4%+1.4% +6.4%
Year to date -19.9%-22.5%+20.2% +11.4%
1 year -15.8%-24.0%+30.2% +13.1%
3 years +101.0%+8.9%+195.4% +79.4%
3 years, per year +26.2%+2.9%+43.5% +21.5%
5 years +163.9%+20.5%+94.9% +67.7%
5 years, per year +21.4%+3.8%+14.3% +10.9%
10 years +701.9%+150.6%+226.7% +255.2%
10 years, per year +23.1%+9.6%+12.6% +13.5%

Risk

MeasureSPXCLIIJCISPY
Volatility, 1Y 41.5%41.0%31.3% 12.7%
Downside volatility, 1Y 41.8%46.0%32.6% 12.7%
Beta vs S&P 500, 1Y 1.741.341.13 1.00
Return / volatility, 1Y -0.38-0.590.97 1.03
Max drawdown, 5Y -38.3%-48.6%-43.1% -25.4%
From 52-week high -34.9%-34.4%-9.3% -2.5%
52-week high $246.41$572.95$158.77 $779.14
52-week low $160.01$348.85$110.55 $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.

MultipleSPXCLIIJCI
P/E now vs peer median 28.8xmedian 19.9x 16.5xmedian 19.9x 24.5xmedian 19.9x
P/S now vs peer median 3.2xmedian 1.5x 2.5xmedian 1.5x 3.5xmedian 1.5x
EV/EBITDA now vs peer median 16.0xmedian 12.6x 12.5xmedian 12.6x 25.5xmedian 12.6x
P/FCF now vs peer median 26.4xmedian 16.1x 17.6xmedian 16.1x 27.5xmedian 16.1x
P/B now vs peer median 3.4xmedian 3.0x 10.0xmedian 3.0x 6.5xmedian 3.0x
PEG now vs peer median 0.43median 0.98 1.22median 0.98 0.98median 0.98

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 monthsSPXCLIIJCI
Revenue $2.48B $5.30B $25.00B
Gross profit $996.30M $1.77B $9.16B
Operating income $399.90M $1.04B $2.99B
Net income $278.90M $788.60M $3.58B
Free cash flow $304.30M $738.70M $3.17B
EPS (diluted) $5.50 $22.66 $5.87
Cash & equivalents $166.40M $51.50M $641.00M
Total debt $2.29B $1.58B $9.48B
Shares (diluted) 50.68M 34.80M 610.00M
Enterprise value $7.21B $12.50B $87.32B

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
MetricSPXCLIIJCI
P/E 28.8x 16.5x 24.5x
P/FCF 26.4x 17.6x 27.5x
P/Operating cash flow 19.0x 14.5x 24.6x
P/S 3.2x 2.5x 3.5x
P/B 3.4x 10.0x 6.5x
P/Tangible book 6.0x 12.6x 8.7x
EV/EBITDA 16.0x 12.5x 25.5x
EV/EBIT 21.2x 13.9x 32.1x
EV/Revenue 3.4x 2.7x 3.8x
EV/FCF 27.9x 19.7x 30.3x
EV/Operating cash flow 20.0x 16.2x 27.1x
PEG (3Y EPS CAGR) 0.43 1.22 0.98

Growth

14 metrics
MetricSPXCLIIJCI
Revenue growth (1Y) 20.6% -2.1% 6.8%
Revenue CAGR (3Y) 15.1% 3.4% 4.4%
Gross profit growth (1Y) 18.5% -2.2% 7.7%
Gross profit CAGR (3Y) 17.8% 8.5% 5.5%
Operating income growth (1Y) 24.1% -2.6% 14.1%
Operating income CAGR (3Y) 52.2% 12.3% 27.4%
Net income growth (1Y) 32.4% -6.6% 60.4%
Net income CAGR (3Y) 72.2% 12.7% 20.0%
EPS growth (1Y) 23.8% -4.7% 72.9%
EPS CAGR (3Y) 67.5% 13.5% 25.0%
Operating cash flow growth (1Y) 52.8% 7.1% 20.5%
Operating cash flow CAGR (3Y) 131.0% 28.7% 41.2%
Free cash flow growth (1Y) 23.8% 8.6% 29.8%
Free cash flow CAGR (3Y) 168.6% 38.2% 56.0%

Profitability

14 metrics
MetricSPXCLIIJCI
Gross margin 40.2% 33.3% 36.7%
EBITDA margin 21.4% 22.0% 15.1%
Operating margin 16.2% 19.7% 12.0%
Pretax margin 14.8% 18.5% 10.9%
Net margin 11.3% 14.9% 14.3%
FCF margin 12.3% 13.9% 12.7%
Operating cash flow margin 17.1% 16.9% 14.2%
Return on equity 12.0% 62.8% 27.0%
Return on assets 7.1% 17.8% 9.5%
Return on invested capital 10.5% 29.8% 10.5%
Return on capital employed 12.1% 35.0% 11.0%
Asset turnover 0.6x 1.2x 0.6x
Cash conversion (OCF / net income) 1.5x 1.1x 1.0x
Stock comp / revenue 0.7% 0.5% 0.5%

Financial Health

11 metrics
MetricSPXCLIIJCI
Debt / assets 15.6% 34.8% 24.4%
Debt / equity 0.3x 1.2x 0.7x
Net debt / EBITDA 0.8x 1.3x 2.3x
Debt / FCF 2.0x 2.1x 3.0x
Liabilities / assets 40.4% 71.5% 65.1%
Equity / assets 59.6% 28.5% 34.9%
Interest coverage 10.7x 18.5x –
Current ratio 1.8x 1.6x 1.0x
Quick ratio 1.1x 0.7x 0.9x
Cash ratio 0.3x 0.0x 0.1x
Altman Z-score 4.36 6.14 –

Shareholder Returns

7 metrics
MetricSPXCLIIJCI
Dividend yield – 1.4% 1.1%
Net buyback yield – 2.6% 6.7%
Shareholder yield 0.0% 4.0% 7.8%
Payout ratio (earnings) – 23.1% 27.3%
Payout ratio (FCF) – 24.6% 30.8%
Dividend growth (1Y) – 11.1% -0.3%
Dividend CAGR (3Y) – 6.5% 0.2%

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.

ConsensusSPXCLIIJCI
Forward P/E 18.6xFY2026 16.6xFY2026 29.4xFY2026
EPS, next fiscal year $8.60FY2026 $22.66FY2026 $4.89FY2026
EPS growth, next FY +27.2%FY2026 -2.2%FY2026 +30.1%FY2026
EPS growth, the year after +19.9% +8.1% +30.9%
Revenue, next fiscal year $2.64BFY2026 $5.75BFY2026 $26.80BFY2026
Revenue growth, next FY +16.4%FY2026 +10.5%FY2026 +13.6%FY2026
Revenue growth, the year after +14.2% +7.7% +6.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSPXCLIIJCI
Held by institutions 93.8% 77.3% 89.5%
Institutions holding 510 655 1,597
Change in shares held, QoQ +10.8% +1.8% -1.1%
Institutions buying 275 315 790
Institutions selling 162 236 557
Buyers to sellers 1.70 1.33 1.42

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.

SPXCLIIJCI
SPXC 1.00 0.43 0.58
LII 0.43 1.00 0.33
JCI 0.58 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SPXC, LII and JCI?

Johnson Controls International (JCI) is the largest by market capitalisation: SPX Technologies (SPXC) $8.12B, Lennox International (LII) $12.70B, Johnson Controls International (JCI) $89.59B.

Which stock is cheaper, SPXC, LII and JCI?

Lennox International (LII) trades on the lowest price-to-earnings ratio (SPX Technologies (SPXC) 29.1x, Lennox International (LII) 16.1x, Johnson Controls International (JCI) 25.0x). On next year's consensus earnings, Lennox International (LII) is cheapest (SPX Technologies (SPXC) 18.6x, Lennox International (LII) 16.6x, Johnson Controls International (JCI) 29.4x). 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) +20.6%, Lennox International (LII) -2.1%, Johnson Controls International (JCI) +6.8%.

Which company is more profitable?

Lennox International (LII) has the highest net margin (SPX Technologies (SPXC) 11.3%, Lennox International (LII) 14.9%, Johnson Controls International (JCI) 14.3%). On return on invested capital, Lennox International (LII) leads (SPX Technologies (SPXC) 10.5%, Lennox International (LII) 29.8%, Johnson Controls International (JCI) 10.5%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: SPX Technologies (SPXC) -15.8%, Lennox International (LII) -24.0%, Johnson Controls International (JCI) +30.2%. Over five years, SPX Technologies (SPXC) compounded fastest (SPX Technologies (SPXC) +21.4%/yr, Lennox International (LII) +3.8%/yr, Johnson Controls International (JCI) +14.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Lennox International (LII) has the highest dividend yield: SPX Technologies (SPXC) 0.00%, Lennox International (LII) 0.01%, Johnson Controls International (JCI) 0.01%. SPX Technologies (SPXC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Johnson Controls International (JCI) has been the steadiest (SPX Technologies (SPXC) 41.5%, Lennox International (LII) 41.0%, Johnson Controls International (JCI) 31.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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 5. 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.