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Held by 447 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $179.70 today, the market must believe free cash flow compounds 16.5%/yr for a decade (off $225M normalized FCF).
The market's 16.5% is more conservative than its 8-yr track record.
2-stage DCF · 0.05B shares · net debt -$363M
mean 11.6% · volatility σ 109% · implied rate exceeded in 4/7 yrs
Central path = implied 16.5%/yr growth; shaded band = ±1σ (109%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| SPXC | $9.0B | 35.7× | 18.2× | 4.0× | 14.2% | 40.5% | 10.8% | 10.9% | 10.9% | 0.0× | 447 |
Peers = companies sharing SPXC's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27B 100.0% | $1.98B 100.0% | $1.74B 100.0% | $1.46B 100.0% | $1.22B 100.0% | $1.13B 100.0% | $1.12B 100.0% | $1.51B 100.0% | $1.43B 100.0% | $1.47B 100.0% |
| Cost of Revenue | $1.35B 59.5% | $1.18B 59.7% | $1.07B 61.5% | $937.0M 64.1% | $787.7M 64.6% | $732.6M 64.9% | $721.6M 64.2% | $1.10B 72.9% | $1.10B 76.8% | $1.10B 74.5% |
| Research & Development | $54.0M 2.4% | $45.9M 2.3% | $43.2M 2.5% | $39.1M 2.7% | $30.7M 2.5% | $28.1M 2.5% | $24.3M 2.2% | $22.9M 1.5% | $23.3M 1.6% | $29.1M 2.0% |
| Selling, General & Admin | $477.6M 21.1% | $414.6M 20.9% | $394.4M 22.7% | $355.7M 24.3% | $309.6M 25.4% | $272.5M 24.2% | $275.8M 24.5% | $289.1M 19.1% | $277.2M 19.4% | $286.0M 19.4% |
| Operating Income | $350.4M 15.5% | $308.3M 15.5% | $221.9M 12.7% | $51.0M 3.5% | $73.7M 6.0% | $96.9M 8.6% | $114.0M 10.1% | $112.5M 7.4% | $59.9M 4.2% | $70.0M 4.8% |
| Interest Expense | $48.1M 2.1% | $45.7M 2.3% | $27.2M 1.6% | $9.3M 0.6% | $13.1M 1.1% | $18.4M 1.6% | $21.0M 1.9% | $21.5M 1.4% | $17.1M 1.2% | $14.8M 1.0% |
| Interest & Investment Income | $4.8M 0.2% | $2.1M 0.1% | $1.7M 0.1% | $1.7M 0.1% | $500K 0.0% | $200K 0.0% | $1.6M 0.1% | $1.5M 0.1% | $1.3M 0.1% | $800K 0.1% |
| Other Income (Expense), net | $8.5M 0.4% | -$9.3M -0.5% | -$10.1M -0.6% | -$15.2M -1.0% | $9.0M 0.7% | -$100K -0.0% | -$5.2M -0.5% | -$7.6M -0.5% | -$7.1M -0.5% | -$15.3M -1.0% |
| Pretax Income | $314.1M 13.9% | $255.4M 12.9% | $186.3M 10.7% | $27.1M 1.9% | $69.9M 5.7% | $78.6M 7.0% | $88.8M 7.9% | $84.5M 5.6% | $36.1M 2.5% | $39.4M 2.7% |
| Income Tax Expense | $68.6M 3.0% | $53.6M 2.7% | $41.6M 2.4% | $7.3M 0.5% | $10.9M 0.9% | $4.8M 0.4% | $12.5M 1.1% | $2.6M 0.2% | -$47.9M -3.4% | $9.1M 0.6% |
| Net Income | $244.0M 10.8% | $200.5M 10.1% | $89.9M 5.2% | $200K 0.0% | $425.4M 34.9% | $99.0M 8.8% | $65.3M 5.8% | $81.2M 5.4% | $89.3M 6.3% | -$67.2M -4.6% |
| Per Share | ||||||||||
| EPS (Basic) | $5.10 | $4.34 | $1.97 | $0.00 | $9.39 | $2.22 | $1.61 | $1.89 | $2.11 | $-2.05 |
| EPS (Diluted) | $5.03 | $4.26 | $1.93 | $0.00 | $9.15 | $2.16 | $1.58 | $1.82 | $2.03 | $-2.02 |
| Weighted Avg Shares (Basic) | 47.8M | 46.2M | 45.5M | 45.3M | 45.3M | 44.6M | 43.9M | 43.1M | 42.4M | 41.6M |
| Weighted Avg Shares (Diluted) | 48.5M | 47.1M | 46.6M | 46.2M | 46.5M | 45.8M | 45.0M | 44.7M | 43.9M | 42.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $241M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $364M covers the $3M due within a year 117.4× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3435.7% on $1M of debt.
Cash of $364M fully covers short-term debt of $1M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 14-yr range · 76th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 72.9 | 64.2 | 64.9 | 64.6 | 64.1 | 61.5 | 59.7 | 59.5 |
| R&D | 1.5 | 2.2 | 2.5 | 2.5 | 2.7 | 2.5 | 2.3 | 2.4 |
| SG&A | 19.1 | 24.5 | 24.2 | 25.4 | 24.3 | 22.7 | 20.9 | 21.1 |
| Operating Income | 7.4 | 10.1 | 8.6 | 6.0 | 3.5 | 12.7 | 15.5 | 15.5 |
| Income Tax | 0.2 | 1.1 | 0.4 | 0.9 | 0.5 | 2.4 | 2.7 | 3.0 |
| Net Income | 5.4 | 5.8 | 8.8 | 34.9 | 0.0 | 5.2 | 10.1 | 10.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SPXC: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.