SPX Technologies R&D Expense History
SPXC / Industrials|10 years of SEC 10-K data (FY2016-FY2025)
$54M in FY2025 with a 5-year CAGR of +14.0%.
Improved from $43M to $54M over the past 2 years.
At $54M, SPX Technologies's r&d expense ranks #101 of 173 in the Industrials sector. R&D Expense has increased for 7 consecutive years, from $23M in FY2018 to $54M in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.87 (gray zone, between 1.23 and 2.9)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +11.4%
- 5-Year CAGR
- +14.0%
- 10-Year CAGR
- -
R&D Expense Trend
#101 of 173 in IndustrialsTop 58% of 173This company $54.0M Sector average $273.2M
▼
-80.2% below sector average
Key Insights
- SPX Technologies's r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +14.0%, indicating consistent growth.
- In FY2025, r&d expense increased 17.6% year-over-year.
- Ranks #101 out of 173 companies in the Industrials sector.
Annual Data
| Year | R&D Expense | YoY Growth |
|---|---|---|
| FY2025 | $54.0M | +17.6% |
| FY2024 | $45.9M | +6.3% |
| FY2023 | $43.2M | +10.5% |
| FY2022 | $39.1M | +27.4% |
| FY2021 | $30.7M | +9.3% |
| FY2020 | $28.1M | +15.6% |
| FY2019 | $24.3M | +6.1% |
| FY2018 | $22.9M | -1.7% |
| FY2017 | $23.3M | -19.9% |
| FY2016 | $29.1M | +1.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026