SPX Corp (SPXC) - Net Assets
Based on the latest financial reports, SPX Corp (SPXC) has net assets worth $2.24 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.60 Billion) and total liabilities ($1.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SPX Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.24 Billion |
| % of Total Assets | 62.07% |
| Annual Growth Rate | 5.57% |
| 5-Year Change | 102.87% |
| 10-Year Change | 1067.8% |
| Growth Volatility | 103.24 |
SPX Corp - Net Assets Trend (1985–2025)
This chart illustrates how SPX Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of SPX Corp for the complete picture of this company's asset base.
Annual Net Assets for SPX Corp (1985–2025)
The table below shows the annual net assets of SPX Corp from 1985 to 2025. For live valuation and market cap data, see SPX Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.24 Billion | +61.62% |
| 2024-12-31 | $1.38 Billion | +15.89% |
| 2023-12-31 | $1.19 Billion | +10.69% |
| 2022-12-31 | $1.08 Billion | -2.15% |
| 2021-12-31 | $1.10 Billion | +72.30% |
| 2020-12-31 | $640.10 Million | +27.41% |
| 2019-12-31 | $502.40 Million | +21.09% |
| 2018-12-31 | $414.90 Million | +31.84% |
| 2017-12-31 | $314.70 Million | +64.25% |
| 2016-12-31 | $191.60 Million | -37.85% |
| 2015-12-31 | $308.30 Million | -83.00% |
| 2014-12-31 | $1.81 Billion | -16.52% |
| 2013-12-31 | $2.17 Billion | -4.74% |
| 2012-12-31 | $2.28 Billion | +1.91% |
| 2011-12-31 | $2.24 Billion | +6.34% |
| 2010-12-31 | $2.10 Billion | +11.83% |
| 2009-12-31 | $1.88 Billion | -7.99% |
| 2008-12-31 | $2.04 Billion | +1.41% |
| 2007-12-31 | $2.02 Billion | -4.57% |
| 2006-12-31 | $2.11 Billion | -0.01% |
| 2005-12-31 | $2.11 Billion | -0.87% |
| 2004-12-31 | $2.13 Billion | +3.04% |
| 2003-12-31 | $2.07 Billion | +21.41% |
| 2002-12-31 | $1.70 Billion | -2.08% |
| 2001-12-31 | $1.74 Billion | +173.46% |
| 2000-12-31 | $636.40 Million | +15.23% |
| 1999-12-31 | $552.30 Million | +41.43% |
| 1998-12-31 | $390.50 Million | -48.80% |
| 1997-12-31 | $762.70 Million | +620.21% |
| 1996-12-31 | $105.90 Million | -34.71% |
| 1995-12-31 | $162.20 Million | +2.21% |
| 1994-12-31 | $158.70 Million | +9.15% |
| 1993-12-31 | $145.40 Million | -25.66% |
| 1992-12-31 | $195.60 Million | +3.38% |
| 1991-12-31 | $189.20 Million | -12.61% |
| 1990-12-31 | $216.50 Million | +5.61% |
| 1989-12-31 | $205.00 Million | -36.22% |
| 1988-12-31 | $321.40 Million | +11.52% |
| 1987-12-31 | $288.20 Million | +5.61% |
| 1986-12-31 | $272.90 Million | +6.81% |
| 1985-12-31 | $255.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPX Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 241.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $482.80 Million | 21.58% |
| Common Stock | $600.00K | 0.03% |
| Other Comprehensive Income | $260.50 Million | 11.64% |
| Other Components | $1.49 Billion | 66.75% |
| Total Equity | $2.24 Billion | 100.00% |
SPX Corp Competitors by Market Cap
The table below lists competitors of SPX Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Aeroportuario del Pacífico S.A.B. de C.V
F:G9N
|
$10.44 Billion |
|
Equatorial Energia S.A
SA:EQTL3
|
$10.45 Billion |
|
Max Healthcare Institute Limited
NSE:MAXHEALTH
|
$10.45 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$10.46 Billion |
|
Dr. Reddy's Laboratories Limited
F:RDDA
|
$10.43 Billion |
|
United Spirits Limited
NSE:MCDOWELL-N
|
$10.43 Billion |
|
Sichuan Road & Bridge Group Co Ltd
SHG:600039
|
$10.42 Billion |
|
BAWAG Group AG
VI:BG
|
$10.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPX Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,384,400,000 to 2,237,500,000, a change of 853,100,000 (61.6%).
- Net income of 245,500,000 contributed positively to equity growth.
- New share issuances of 551,100,000 increased equity.
- Other comprehensive income increased equity by 36,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $245.50 Million | +10.97% |
| Share Issuances | $551.10 Million | +24.63% |
| Other Comprehensive Income | $36.90 Million | +1.65% |
| Other Changes | $19.60 Million | +0.88% |
| Total Change | $- | 61.62% |
Book Value vs Market Value Analysis
This analysis compares SPX Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.24x to 4.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $10.28 | $208.13 | x |
| 1986-12-31 | $10.98 | $208.13 | x |
| 1987-12-31 | $11.60 | $208.13 | x |
| 1988-12-31 | $12.94 | $208.13 | x |
| 1989-12-31 | $7.44 | $208.13 | x |
| 1990-12-31 | $7.83 | $208.13 | x |
| 1991-12-31 | $6.84 | $208.13 | x |
| 1992-12-31 | $7.03 | $208.13 | x |
| 1993-12-31 | $5.22 | $208.13 | x |
| 1994-12-31 | $6.20 | $208.13 | x |
| 1995-12-31 | $6.16 | $208.13 | x |
| 1996-12-31 | $3.56 | $208.13 | x |
| 1997-12-31 | $25.13 | $208.13 | x |
| 1998-12-31 | $6.28 | $208.13 | x |
| 1999-12-31 | $8.84 | $208.13 | x |
| 2000-12-31 | $9.58 | $208.13 | x |
| 2001-12-31 | $23.83 | $208.13 | x |
| 2002-12-31 | $20.47 | $208.13 | x |
| 2003-12-31 | $24.88 | $208.13 | x |
| 2004-12-31 | $28.62 | $208.13 | x |
| 2005-12-31 | $29.24 | $208.13 | x |
| 2006-12-31 | $34.74 | $208.13 | x |
| 2007-12-31 | $35.63 | $208.13 | x |
| 2008-12-31 | $37.19 | $208.13 | x |
| 2009-12-31 | $37.97 | $208.13 | x |
| 2010-12-31 | $41.66 | $208.13 | x |
| 2011-12-31 | $43.72 | $208.13 | x |
| 2012-12-31 | $45.35 | $208.13 | x |
| 2013-12-31 | $46.91 | $208.13 | x |
| 2014-12-31 | $42.25 | $208.13 | x |
| 2015-12-31 | $8.48 | $208.13 | x |
| 2016-12-31 | $4.54 | $208.13 | x |
| 2017-12-31 | $7.17 | $208.13 | x |
| 2018-12-31 | $9.29 | $208.13 | x |
| 2019-12-31 | $11.18 | $208.13 | x |
| 2020-12-31 | $13.99 | $208.13 | x |
| 2021-12-31 | $23.72 | $208.13 | x |
| 2022-12-31 | $23.35 | $208.13 | x |
| 2023-12-31 | $25.63 | $208.13 | x |
| 2024-12-31 | $29.41 | $208.13 | x |
| 2025-12-31 | $46.12 | $208.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPX Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.84%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.61x
- Recent ROE (10.97%) is below the historical average (12.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.70% | 4.79% | 1.24x | 1.98x | $4.35 Million |
| 1986 | 10.44% | 4.28% | 1.28x | 1.90x | $1.21 Million |
| 1987 | 9.06% | 3.37% | 1.38x | 1.95x | $-2.72 Million |
| 1988 | 13.97% | 5.12% | 1.25x | 2.19x | $12.76 Million |
| 1989 | 39.66% | 12.86% | 1.10x | 2.80x | $60.80 Million |
| 1990 | 8.18% | 2.50% | 1.13x | 2.88x | $-3.95 Million |
| 1991 | -10.25% | -2.88% | 1.16x | 3.06x | $-38.32 Million |
| 1992 | 8.38% | 2.05% | 1.43x | 2.86x | $-3.16 Million |
| 1993 | -27.92% | -5.37% | 0.74x | 7.05x | $-55.14 Million |
| 1994 | 8.88% | 1.29% | 1.17x | 5.87x | $-1.77 Million |
| 1995 | -3.27% | -0.48% | 1.32x | 5.13x | $-21.52 Million |
| 1996 | 125.97% | 6.46% | 3.35x | 5.82x | $122.81 Million |
| 1997 | 20.58% | 6.63% | 1.41x | 2.20x | $66.63 Million |
| 1998 | -10.68% | -2.28% | 0.61x | 7.60x | $-80.75 Million |
| 1999 | 18.38% | 3.74% | 0.95x | 5.15x | $46.27 Million |
| 2000 | 31.16% | 7.07% | 0.85x | 5.20x | $128.68 Million |
| 2001 | 10.09% | 4.49% | 0.54x | 4.13x | $1.47 Million |
| 2002 | 7.48% | 2.52% | 0.71x | 4.16x | $-43.01 Million |
| 2003 | 11.42% | 6.65% | 0.47x | 3.69x | $29.28 Million |
| 2004 | -0.80% | -0.47% | 0.48x | 3.57x | $-229.88 Million |
| 2005 | 51.63% | 29.22% | 0.70x | 2.51x | $878.88 Million |
| 2006 | 8.09% | 4.10% | 0.77x | 2.58x | $-40.24 Million |
| 2007 | 14.67% | 6.10% | 0.77x | 3.11x | $93.60 Million |
| 2008 | 12.33% | 4.25% | 0.95x | 3.05x | $46.82 Million |
| 2009 | 1.68% | 0.65% | 0.85x | 3.03x | $-157.38 Million |
| 2010 | 9.80% | 5.02% | 0.68x | 2.86x | $-4.17 Million |
| 2011 | 7.69% | 4.01% | 0.58x | 3.32x | $-51.53 Million |
| 2012 | 7.95% | 3.69% | 0.69x | 3.14x | $-46.47 Million |
| 2013 | 9.73% | 10.66% | 0.29x | 3.18x | $-5.90 Million |
| 2014 | 21.64% | 23.22% | 0.29x | 3.24x | $211.61 Million |
| 2015 | -23.94% | -5.30% | 0.72x | 6.31x | $-117.24 Million |
| 2016 | -44.52% | -5.79% | 0.77x | 9.98x | $-104.46 Million |
| 2017 | 28.38% | 6.26% | 0.70x | 6.48x | $57.83 Million |
| 2018 | 19.57% | 5.37% | 0.74x | 4.96x | $39.71 Million |
| 2019 | 14.11% | 6.31% | 0.53x | 4.25x | $20.66 Million |
| 2020 | 15.47% | 8.78% | 0.48x | 3.65x | $34.99 Million |
| 2021 | 38.57% | 34.88% | 0.46x | 2.38x | $315.11 Million |
| 2022 | 0.02% | 0.01% | 0.76x | 1.79x | $-107.72 Million |
| 2023 | 7.53% | 5.16% | 0.71x | 2.04x | $-29.56 Million |
| 2024 | 14.48% | 10.11% | 0.73x | 1.96x | $62.06 Million |
| 2025 | 10.97% | 10.84% | 0.63x | 1.61x | $21.75 Million |
Industry Comparison
This section compares SPX Corp's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $706,353,029
- Average return on equity (ROE) among peers: -11.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPX Corp (SPXC) | $2.24 Billion | 11.70% | 0.61x | $10.44 Billion |
| AAON Inc (AAON) | $237.23 Million | 22.97% | 0.25x | $7.43 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $49.56 Million | -179.09% | 2.59x | $621.73K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $212.76 Million |
| Apogee Enterprises Inc (APOG) | $140.40 Million | 12.68% | 1.75x | $780.82 Million |
| Alpha Pro Tech Ltd (APT) | $33.23 Million | 9.03% | 0.15x | $44.96 Million |
| Arlo Technologies (ARLO) | $100.91 Million | -30.23% | 1.96x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $58.99 Million | -8.07% | 0.75x | $291.74 Million |
| Armstrong World Industries Inc (AWI) | $691.00 Million | 2.07% | 5.03x | $7.27 Billion |
| Azek Company Inc (AZEK) | $505.55 Million | 1.33% | 2.52x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $4.96 Billion | 55.40% | 1.14x | $8.37 Billion |
About SPX Corp
SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and … Read more