SPX Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of SPX Corp (SPXC). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| HVAC reportable segment | $740.8M 65.7% | $752.1M 61.7% · +1.5% | $913.8M 62.6% · +21.5% | $1.12B 64.5% · +22.8% |
| Detection and Measurement reportable segment | $387.3M 34.3% | $467.4M 38.3% · +20.7% | $547.1M 37.4% · +17.1% | $618.9M 35.5% · +13.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| HVAC reportable segment | $106.2M 14.3% | – | – | – |
| Detection and Measurement reportable segment | $80.9M 20.9% | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $935.7M 82.9% | $991.5M 81.3% · +6.0% | $1.22B 83.7% · +23.4% | $1.45B 83.5% · +18.8% | $1.64B 82.7% · +12.8% | $1.81B 80.0% · +10.5% |
| Canada | – | – | $17.3M 1.2% | $48.4M 2.8% · +179.8% | $111.3M 5.6% · +130.0% | $193.4M 8.5% · +73.8% |
| United Kingdom | $88.4M 7.8% | $80.1M 6.6% · -9.4% | $96.5M 6.6% · +20.5% | $96.3M 5.5% · -0.2% | $90.9M 4.6% · -5.6% | $95.5M 4.2% · +5.1% |
| Other | $62.3M 5.5% | $90.0M 7.4% · +44.5% | $72.6M 5.0% · -19.3% | $88.7M 5.1% · +22.2% | $76.0M 3.8% · -14.3% | $91.9M 4.1% · +20.9% |
| China | $41.7M 3.7% | $57.9M 4.7% · +38.8% | $51.0M 3.5% · -11.9% | $53.7M 3.1% · +5.3% | $64.9M 3.3% · +20.9% | $71.7M 3.2% · +10.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Package and process cooling equipment and services, and engineered air movement | – | – | – | $683.2M 39.2% | $884.0M 44.6% · +29.4% | $932.9M 41.2% · +5.5% |
| Hydronic heating, electrical heating, and ventilation | – | – | – | $439.1M 25.2% | $480.7M 24.2% · +9.5% | $585.3M 25.8% · +21.8% |
| Communication technologies, aids to navigation, and transportation systems | – | – | $285.0M 19.5% | $354.8M 20.4% · +24.5% | $358.3M 18.1% · +1.0% | $491.0M 21.7% · +37.0% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | $217.8M 19.3% | $256.8M 21.1% · +17.9% | $262.1M 17.9% · +2.1% | $264.1M 15.2% · +0.8% | $260.9M 13.2% · -1.2% | $255.9M 11.3% · -1.9% |
| Package and process cooling equipment and services, and engineered air quality solutions | $447.1M 39.6% | – | – | – | – | – |
| Boilers, comfort heating, and ventilation | $293.7M 26.0% | – | – | – | – | – |
| Communication technologies, obstruction lighting, and fare collection systems | $169.5M 15.0% | $210.6M 17.3% · +24.2% | – | – | – | – |
| Package and process cooling equipment and services, and engineered air movement solutions | – | $433.8M 35.6% | $537.0M 36.8% · +23.8% | – | – | – |
| Boilers, electrical heating, and ventilation | – | $318.3M 26.1% | $376.8M 25.8% · +18.4% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.