SPX Technologies (SPXC) Gross Margin (2009 - 2026)
SPX Technologies (SPXC) posted Gross Margin of 40.18% for Q2 2026, down 1.25% on a QoQ basis from 40.68% in Q1 2026, and down 126.0% year-over-year from 154.53% in Q2 2025.
Analysis
SPX Technologies (SPXC) Gross Margin (2009 - 2026) Analysis & Trends
SPX Technologies has reported Gross Margin for 18 years, with the latest figure at 40.18% in Q2 2026.
- On a quarterly basis, Gross Margin fell 126.0% year-over-year to 40.18% in Q2 2026; TTM through Jun 2026 was 40.24%, a 71.0% decrease from a year earlier, with the FY2025 full-year figure at 40.51%, up 22.0% from the prior year.
- Gross Margin was 40.18% for Q2 2026 at SPX Technologies, down from 40.68% in the prior quarter.
- The five-year high for Gross Margin was 41.44% in Q2 2025, with the low at 33.87% in Q2 2022.
- Average Gross Margin over 5 years is 38.93%, with a median of 39.9% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 249 bps in 2022, then soared 363 bps in 2023.
- Over 5 years, Gross Margin stood at 37.78% in 2022, then rose by 6 bps to 40.03% in 2023, then grew by 2 bps to 40.87% in 2024, then dropped by 3 bps to 39.76% in 2025, then rose by 1 bps to 40.18% in 2026.
- The last three Gross Margin figures came in at 40.18% (Q2 2026), 40.68% (Q1 2026), and 39.76% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.54 Bn | 97.25 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 87.78 Bn | 87.18 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 56.67 Bn | 54.82 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 49.23 Bn | 48.21 Bn | 1.94 Bn | 30.59% |
| 5 | Lennox International | 13.50 Bn | 13.44 Bn | 539.50 Mn | 34.91% |
| 6 | Modine Manufacturing | 10.26 Bn | 10.20 Bn | - | - |
| 7 | SPX Technologies | 9.84 Bn | 9.67 Bn | 272.80 Mn | 40.18% |
| 8 | Smith A O | 8.22 Bn | 8.04 Bn | 387.80 Mn | 38.61% |
| 9 | Aaon | 6.55 Bn | 6.55 Bn | 152.49 Mn | 24.32% |
| 10 | Legence | 5.72 Bn | 5.81 Bn | 220.23 Mn | 17.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 40.18% |
| Mar 28, 2026 | 40.68% |
| Dec 31, 2025 | 39.76% |
| Sep 27, 2025 | 40.40% |
| Jun 28, 2025 | 41.44% |
| Mar 29, 2025 | 40.59% |
| Dec 31, 2024 | 40.87% |
| Sep 28, 2024 | 40.85% |
| Jun 29, 2024 | 40.06% |
| Mar 30, 2024 | 39.32% |
| Dec 31, 2023 | 40.03% |
| Sep 30, 2023 | 37.58% |
| Jul 1, 2023 | 38.65% |
| Apr 1, 2023 | 37.49% |
| Dec 31, 2022 | 37.78% |
| Oct 1, 2022 | 35.92% |
| Jul 2, 2022 | 35.20% |
| Apr 2, 2022 | 33.87% |
| Dec 31, 2021 | 36.94% |
| Oct 2, 2021 | 33.53% |