SPX Technologies, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
SPXC$150.12-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
(in millions, except share data)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $364.0 | $156.9 |
| Accounts receivable, net | 357.2 | 313.6 |
| Contract assets | 65.0 | 11.3 |
| Inventories, net | 302.2 | 271.0 |
| Other current assets | 55.3 | 31.5 |
| Total current assets | 1,143.7 | 784.3 |
| Property, plant and equipment: | ||
| Land | 26.9 | 23.5 |
| Buildings and leasehold improvements | 167.9 | 113.3 |
| Machinery and equipment | 338.1 | 308.1 |
| 532.9 | 444.9 | |
| Accumulated depreciation | (242.1) | (226.9) |
| Property, plant and equipment, net | 290.8 | 218.0 |
| Goodwill | 1,043.4 | 834.5 |
| Intangibles, net | 868.2 | 703.0 |
| Other assets | 250.2 | 164.1 |
| Deferred income taxes | 2.2 | 2.4 |
| Assets of DBT and Heat Transfer (includes cash and equivalents of $2.0 and $4.5 at December 31, 2025 and 2024, respectively) (Note 4) | 6.1 | 8.2 |
| TOTAL ASSETS | $3,604.6 | $2,714.5 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $145.2 | $128.1 |
| Contract liabilities | 115.8 | 62.3 |
| Accrued expenses | 185.2 | 170.8 |
| Income taxes payable | 10.0 | 19.4 |
| Short-term debt | 1.4 | 10.1 |
| Current maturities of long-term debt | 3.5 | 27.6 |
| Total current liabilities | 461.1 | 418.3 |
| Long-term debt | 496.7 | 577.0 |
| Deferred and other income taxes | 149.7 | 97.8 |
| Other long-term liabilities | 245.5 | 224.2 |
| Liabilities of DBT and Heat Transfer (Note 4) | 14.1 | 12.8 |
| Total long-term liabilities | 906.0 | 911.8 |
| Commitments and contingent liabilities (Note 15) | ||
| Stockholders' equity: | ||
| Common stock (57,570,062 and 49,866,896 issued and outstanding at December 31, 2025, respectively, and 54,196,620 and 46,368,240 issued and outstanding at December 31, 2024, respectively) | 0.6 | 0.5 |
| Paid-in capital | 1,938.2 | 1,373.5 |
| Retained earnings | 482.8 | 238.8 |
| Accumulated other comprehensive income | 260.5 | 223.6 |
| Common stock in treasury (7,703,166 and 7,828,380 shares at December 31, 2025 and 2024, respectively) | (444.6) | (452.0) |
| Total stockholders' equity | 2,237.5 | 1,384.4 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3,604.6 | $2,714.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.