SPX Technologies (SPXC) Tax Rate (2009 - 2026)
SPX Technologies (SPXC) recorded quarterly Tax Rate of 16.8% in Q1 2026, down 33.83% quarter-over-quarter from 25.38% in Q4 2025, and up 609.0% on a YoY basis from 2.37% in Q1 2025.
SPX Technologies (SPXC) Tax Rate (2009 - 2026) Analysis & Trends
SPX Technologies' Tax Rate history runs 18 years deep, the most recent figure standing at 16.8% for Q1 2026.
- In Q1 2026, Tax Rate rose 609.0% year-over-year to 16.8%; the TTM figure through Mar 2026 stood at 22.6% (up 52.0% YoY), while the FY2025 annual figure was 21.84%, up 85.0% from the prior year.
- Tax Rate was 16.8% for Q1 2026 at SPX Technologies, down from 25.38% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 27.47% in Q4 2024 to a low of 25.0% in Q4 2022.
- Historically, Tax Rate has averaged 15.68% across 5 years, with a median of 22.42% in 2023.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 4820 bps in 2022, then jumped 5078 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 12.73% in 2022, then soared by 290 bps to 24.22% in 2023, then rose by 13 bps to 27.47% in 2024, then slipped by 8 bps to 25.38% in 2025, then slumped by 34 bps to 16.8% in 2026.
- The last three Tax Rate figures came in at 16.8% (Q1 2026), 25.38% (Q4 2025), and 22.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 18.52 |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 21.47 |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | -56.47 |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 20.22 |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 21.65 |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 21.75 |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 16.80 |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 13.59 |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 16.41 |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 27.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 16.80% |
| Mar 28, 2026 | 16.80% |
| Dec 31, 2025 | 25.38% |
| Dec 31, 2025 | 25.38% |
| Sep 27, 2025 | 22.58% |
| Sep 27, 2025 | 22.58% |
| Jun 28, 2025 | 24.89% |
| Jun 28, 2025 | 24.89% |
| Mar 29, 2025 | 10.71% |
| Mar 29, 2025 | 10.71% |
| Dec 31, 2024 | 27.47% |
| Dec 31, 2024 | 27.47% |
| Sep 28, 2024 | 22.88% |
| Sep 28, 2024 | 22.88% |
| Jun 29, 2024 | 25.17% |
| Jun 29, 2024 | 25.17% |
| Mar 30, 2024 | 3.72% |
| Mar 30, 2024 | 3.72% |
| Dec 31, 2023 | 24.22% |
| Dec 31, 2023 | 24.22% |