Graco vs SPX Technologies
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Graco and SPX Technologies side by side, using each one’s latest annual report. Here is what stands out:
- SPX Technologies is the larger business, with $2.3B of revenue in fiscal 2025 against $2.2B for Graco.
- SPX Technologies grew revenue faster (14.2%, against 5.8%).
- Graco kept more of each dollar of sales as operating profit (27.9% operating margin, against 15.5%).
- Graco turned more of its sales into free cash flow (28.5% FCF margin, against 10.7%).
- Graco earned a higher return on the capital invested in it (25.8%, against 13.0%).
- Investors pay more for each dollar of SPX Technologies’s earnings: a P/E of 29.0x against 21.3x for Graco.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Graco
GGG
8/11
Gross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
SPX Technologies
SPXC
3/11
Revenue growth5-year growthPiotroski F-score
Side by side
Best in the row
| Latest fiscal year | GGG FY25 | SPXC FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.8B | $8.2B |
| Revenue | $2.2B | $2.3B |
| Free cash flow | $638M | $241M |
| Net income | $522M | $244M |
| Growth | ||
| Revenue growth | 5.8% | 14.2% |
| 5-year growth | 6.3% | 15.0% |
| Share count change | −1.9% | 3.0% |
| Profitability | ||
| Gross margin | 52.5% | 40.5% |
| Operating margin | 27.9% | 15.5% |
| Net margin | 23.3% | 10.8% |
| FCF margin | 28.5% | 10.7% |
| Return on capital | 25.8% | 13.0% |
| Return on equity | 19.9% | 13.5% |
| Balance sheet | ||
| Net debt | −$623M | $138M |
| Net debt / EBITDA | −0.9x | 0.3x |
| Dividends and buybacks | $607M | $0.0M |
| Valuation & quality | ||
| P/E | 21.3x | 29.0x |
| Piotroski F-score | 4 | 8 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.