SPX Technologies (SPXC) Operating Margin (2009 - 2026)
SPX Technologies (SPXC) posted Operating Margin of 16.94% for Q2 2026, up 9.46% on a QoQ basis from 15.47% in Q1 2026, and up 126.0% year-over-year from 7.49% in Q2 2025.
Analysis
SPX Technologies (SPXC) Operating Margin (2009 - 2026) Analysis & Trends
SPX Technologies has reported Operating Margin for 18 years, with the latest figure at 16.94% in Q2 2026.
- On a quarterly basis, Operating Margin rose 126.0% year-over-year to 16.94% in Q2 2026; TTM through Jun 2026 was 16.15%, a 45.0% increase from a year earlier, with the FY2025 full-year figure at 15.47%, down 7.0% from the prior year.
- Operating Margin was 16.94% for Q2 2026 at SPX Technologies, up from 15.47% in the prior quarter.
- The five-year high for Operating Margin was 16.94% in Q2 2026, with the low at 5.8% in Q4 2022.
- Average Operating Margin over 5 years is 12.36%, with a median of 13.84% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 977 bps in 2022, then surged 1924 bps in 2023.
- Over 5 years, Operating Margin stood at 5.8% in 2022, then soared by 332 bps to 13.44% in 2023, then gained by 26 bps to 16.9% in 2024, then slipped by 7 bps to 15.71% in 2025, then climbed by 8 bps to 16.94% in 2026.
- The last three Operating Margin figures came in at 16.94% (Q2 2026), 15.47% (Q1 2026), and 15.71% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.18 Bn | 95.86 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 87.07 Bn | 86.43 Bn | 2.47 Bn | 14.92% |
| 3 | Comfort Systems Usa | 55.89 Bn | 54.03 Bn | 844.23 Mn | 17.09% |
| 4 | Carrier Global | 46.94 Bn | 45.59 Bn | 1.94 Bn | 12.99% |
| 5 | Lennox International | 12.98 Bn | 12.92 Bn | 539.50 Mn | 22.97% |
| 6 | Modine Manufacturing | 9.57 Bn | 9.49 Bn | - | - |
| 7 | SPX Technologies | 9.41 Bn | 9.25 Bn | 272.80 Mn | 16.94% |
| 8 | Smith A O | 7.81 Bn | 7.63 Bn | 387.80 Mn | 16.68% |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 10.99% |
| 10 | Csw Industrials | 4.83 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 16.94% |
| Mar 28, 2026 | 15.47% |
| Dec 31, 2025 | 15.71% |
| Sep 27, 2025 | 16.38% |
| Jun 28, 2025 | 15.68% |
| Mar 29, 2025 | 13.80% |
| Dec 31, 2024 | 16.90% |
| Sep 28, 2024 | 16.31% |
| Jun 29, 2024 | 14.88% |
| Mar 30, 2024 | 13.89% |
| Dec 31, 2023 | 13.44% |
| Sep 30, 2023 | 12.86% |
| Jul 1, 2023 | 12.12% |
| Apr 1, 2023 | 12.46% |
| Dec 31, 2022 | -5.80% |
| Oct 1, 2022 | 10.07% |
| Jul 2, 2022 | 7.68% |
| Apr 2, 2022 | 3.71% |
| Dec 31, 2021 | 3.97% |
| Oct 2, 2021 | 6.20% |