SPX Technologies (SPXC) Tax Rate (2009 - 2026)
SPX Technologies (SPXC) posted Tax Rate of 22.41% for Q2 2026, up 33.41% on a QoQ basis from 16.8% in Q1 2026, and down 249.0% year-over-year from 15.04% in Q2 2025.
Analysis
SPX Technologies (SPXC) Tax Rate (2009 - 2026) Analysis & Trends
SPX Technologies has reported Tax Rate for 18 years, with the latest figure at 22.41% in Q2 2026.
- On a quarterly basis, Tax Rate fell 249.0% year-over-year to 22.41% in Q2 2026; TTM through Jun 2026 was 22.11%, a 1.0% decrease from a year earlier, with the FY2025 full-year figure at 21.84%, up 85.0% from the prior year.
- Tax Rate was 22.41% for Q2 2026 at SPX Technologies, up from 16.8% in the prior quarter.
- The five-year high for Tax Rate was 27.47% in Q4 2024, with the low at 25.0% in Q4 2022.
- Average Tax Rate over 5 years is 16.06%, with a median of 22.41% recorded in 2023.
- The largest YoY upside for Tax Rate was 79316 bps in 2022 against a maximum downside of 4820 bps in 2022.
- Over 5 years, Tax Rate stood at 12.73% in 2022, then jumped by 290 bps to 24.22% in 2023, then gained by 13 bps to 27.47% in 2024, then dropped by 8 bps to 25.38% in 2025, then slipped by 12 bps to 22.41% in 2026.
- The last three Tax Rate figures came in at 22.41% (Q2 2026), 16.8% (Q1 2026), and 25.38% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 24.97% |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 20.79% |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | - |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 22.41% |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 20.95% |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 9.85% |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | -47.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 22.41% |
| Mar 28, 2026 | 16.80% |
| Dec 31, 2025 | 25.38% |
| Sep 27, 2025 | 22.58% |
| Jun 28, 2025 | 24.89% |
| Mar 29, 2025 | 10.71% |
| Dec 31, 2024 | 27.47% |
| Sep 28, 2024 | 22.88% |
| Jun 29, 2024 | 25.17% |
| Mar 30, 2024 | 3.72% |
| Dec 31, 2023 | 24.22% |
| Sep 30, 2023 | 25.78% |
| Jul 1, 2023 | 16.92% |
| Apr 1, 2023 | 22.42% |
| Dec 31, 2022 | -12.73% |
| Oct 1, 2022 | -25.00% |
| Jul 2, 2022 | 18.72% |
| Apr 2, 2022 | 16.67% |
| Dec 31, 2021 | -805.88% |
| Oct 2, 2021 | 23.20% |