SPX Technologies (SPX Technologies) Gross Margin % : 40.03% (As of Dec. 2023)

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What is SPX Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SPX Technologies's Gross Profit for the three months ended in Dec. 2023 was $188 Mil. SPX Technologies's Revenue for the three months ended in Dec. 2023 was $469 Mil. Therefore, SPX Technologies's Gross Margin % for the quarter that ended in Dec. 2023 was 40.03%.

The historical rank and industry rank for SPX Technologies's Gross Margin % or its related term are showing as below:

SPXC' s Gross Margin % Range Over the Past 10 Years
Min: 17.7 Med: 31.09 Max: 38.48
Current: 38.48

During the past 13 years, the highest Gross Margin % of SPX Technologies was 38.48%. The lowest was 17.70%. And the median was 31.09%.

SPXC's Gross Margin % is ranked better than
82.86% of 1610 companies
in the Construction industry
Industry Median: 19.23 vs SPXC: 38.48

SPX Technologies had a gross margin of 40.03% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SPX Technologies was 5.20% per year.

SPX Technologies Gross Margin % Historical Data

The historical data trend for SPX Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SPX Technologies Gross Margin % Chart

SPX Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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35.78

35.06

35.41

35.86

38.48

SPX Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															37.78	37.49	38.65	37.58	40.03

Competitive Comparison of SPX Technologies's Gross Margin %

For the Building Products & Equipment subindustry, SPX Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SPX Technologies's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, SPX Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SPX Technologies's Gross Margin % falls into.

SPX Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SPX Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	670	/	1741.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1741.2 - 1071.2)	/	1741.2
	=	38.48 %

SPX Technologies's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	187.9	/	469.4
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(469.4 - 281.5)	/	469.4
	=	40.03 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

SPX Technologies (NYSE:SPXC) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SPX Technologies had a gross margin of 40.03% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

SPX Technologies Gross Margin % Related Terms

Thank you for viewing the detailed overview of SPX Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

SPX Technologies (SPX Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (NYSE:SPXC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SPW0:Germany

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

Executives

Natausha Heleena White	officer: VP and CHRO	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
J Randall Data	officer: Pres. - S. Africa & Global Op.	13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277
Wayne M. Mclaren	officer: Chief Accounting Officer	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
John Webster Nurkin	officer: VP, Gen. Counsel & Secretary	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Mark A Carano	officer: VP, CFO & Treasurer	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Sean Mcclenaghan	officer: PRESIDENT, GLOBAL COOLING	SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Swann John William Iii	officer: Pres., Heating and Location &	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Michael Andrew Reilly	officer: Corp. Controller and CAO	2007 CHANNELSTONE WAY, MATTHEWS NC 28104
Lowe Eugene Joseph Iii	director, officer: President and CEO	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
James E Harris	officer: VP, CFO and Treasurer	C/O RXO, INC., 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Ankush Kumar	officer: President, SPX Global Cooling	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
Brian G. Mason	officer: Pres. - SPX Transformer Sol.	C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Angel S Willis	director	C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Scott William Sproule	officer: VP, CFO and Treasurer	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Meenal Sethna	director	8755 WEST HIGGINS ROAD, SUITE 500, CHICAGO IL 60631