Graco
GGG · Industrial Machinery & Supplies & Components
$66.99
3.3%SPX Technologies
SPXC · Industrial Machinery & Supplies & Components
$160.33
0.2%The short version
- 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% operating margin).
- Graco turned more of its sales into free cash flow (28.5% FCF margin, against 10.7% FCF margin).
- 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 28.8x against 21.6x for Graco.
| Latest fiscal year | GGG · FY25 | SPXC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.9B | $8.1B |
| 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 | 21.6x | 28.8x |
| Piotroski F-score | 4 | 8 |
FY16
GGG $1.3B
SPXC $1.5B
FY17
GGG $1.5B
SPXC $1.4B
FY18
GGG $1.7B
SPXC $1.5B
FY19
GGG $1.6B
SPXC $1.1B
FY20
GGG $1.7B
SPXC $1.1B
FY21
GGG $2.0B
SPXC $1.2B
FY22
GGG $2.1B
SPXC $1.5B
FY23
GGG $2.2B
SPXC $1.7B
FY24
GGG $2.1B
SPXC $2.0B
FY25
GGG $2.2B
SPXC $2.3B
GGG
SPXC
FY16
GGG 9.1%
SPXC 4.8%
FY17
GGG 25.7%
SPXC 4.2%
FY18
GGG 26.4%
SPXC 7.4%
FY19
GGG 25.8%
SPXC 10.2%
FY20
GGG 23.7%
SPXC 8.6%
FY21
GGG 26.7%
SPXC 6.0%
FY22
GGG 26.7%
SPXC 3.5%
FY23
GGG 29.5%
SPXC 12.7%
FY24
GGG 27.0%
SPXC 15.5%
FY25
GGG 27.9%
SPXC 15.5%
GGG
SPXC
FY16
GGG $234M
SPXC −$12.9M
FY17
GGG $298M
SPXC $35.9M
FY18
GGG $314M
SPXC $98.2M
FY19
GGG $291M
SPXC $135M
FY20
GGG $323M
SPXC $111M
FY21
GGG $323M
SPXC $165M
FY22
GGG $176M
SPXC −$153M
FY23
GGG $466M
SPXC $185M
FY24
GGG $515M
SPXC $248M
FY25
GGG $638M
SPXC $241M
GGG
SPXC
FY16
GGG 6.7%
SPXC 10.4%
FY17
GGG 32.9%
SPXC 12.0%
FY18
GGG 41.9%
SPXC 17.0%
FY19
GGG 38.8%
SPXC 12.3%
FY20
GGG 34.2%
SPXC 9.9%
FY21
GGG 40.1%
SPXC 6.4%
FY22
GGG 33.0%
SPXC 3.5%
FY23
GGG 32.8%
SPXC 12.2%
FY24
GGG 26.2%
SPXC 13.9%
FY25
GGG 25.8%
SPXC 13.0%
GGG
SPXC
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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.