SPX Technologies (SPXC) Operating Margin (2009 - 2026)
SPX Technologies (SPXC) recorded quarterly Operating Margin of 15.47% in Q1 2026, down 1.49% quarter-over-quarter from 15.71% in Q4 2025, and up 167.0% on a YoY basis from 5.8% in Q1 2025.
SPX Technologies (SPXC) Operating Margin (2009 - 2026) Analysis & Trends
SPX Technologies' Operating Margin history runs 18 years deep, the most recent figure standing at 15.47% for Q1 2026.
- In Q1 2026, Operating Margin rose 167.0% year-over-year to 15.47%; the TTM figure through Mar 2026 stood at 15.81% (up 31.0% YoY), while the FY2025 annual figure was 15.47%, down 7.0% from the prior year.
- Operating Margin was 15.47% for Q1 2026 at SPX Technologies, down from 15.71% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 16.9% in Q4 2024 to a low of 5.8% in Q4 2022.
- Historically, Operating Margin has averaged 12.09% across 5 years, with a median of 13.8% in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 977 bps in 2022, then jumped 1924 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 5.8% in 2022, then surged by 332 bps to 13.44% in 2023, then rose by 26 bps to 16.9% in 2024, then decreased by 7 bps to 15.71% in 2025, then slipped by 1 bps to 15.47% in 2026.
- The last three Operating Margin figures came in at 15.47% (Q1 2026), 15.71% (Q4 2025), and 16.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 17.14% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 15.47% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 7.88% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 10.36% |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 5.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 3, 2021 | 5.77% |