SPX Technologies (SPXC) Gross Margin (2009 - 2026)
SPX Technologies (SPXC) recorded quarterly Gross Margin of 40.68% in Q1 2026, up 2.32% quarter-over-quarter from 39.76% in Q4 2025, and up 9.0% on a YoY basis from 37.33% in Q1 2025.
SPX Technologies (SPXC) Gross Margin (2009 - 2026) Analysis & Trends
SPX Technologies' Gross Margin history runs 18 years deep, the most recent figure standing at 40.68% for Q1 2026.
- In Q1 2026, Gross Margin rose 9.0% year-over-year to 40.68%; the TTM figure through Mar 2026 stood at 40.54% (down 5.0% YoY), while the FY2025 annual figure was 40.51%, up 22.0% from the prior year.
- Gross Margin was 40.68% for Q1 2026 at SPX Technologies, up from 39.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 41.44% in Q2 2025 to a low of 33.87% in Q2 2022.
- Historically, Gross Margin has averaged 38.85% across 5 years, with a median of 39.76% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 249 bps in 2022, then surged 363 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 37.78% in 2022, then increased by 6 bps to 40.03% in 2023, then climbed by 2 bps to 40.87% in 2024, then slipped by 3 bps to 39.76% in 2025, then grew by 2 bps to 40.68% in 2026.
- The last three Gross Margin figures came in at 40.68% (Q1 2026), 39.76% (Q4 2025), and 40.4% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 34.52% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 40.68% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 35.12% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 25.88% |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 22.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 34.49% |