Crane vs SPX Technologies
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KIRA’s take AI analyst
I put Crane and SPX Technologies side by side, using each one’s latest annual report. Here is what stands out:
- Crane is the larger business, with $2.3B of revenue in fiscal 2025 against $2.3B for SPX Technologies.
- SPX Technologies grew revenue faster (14.2%, against 8.2%).
- Crane kept more of each dollar of sales as operating profit (18.4% operating margin, against 15.5%).
- Crane turned more of its sales into free cash flow (14.8% FCF margin, against 10.7%).
- Crane earned a higher return on the capital invested in it (15.2%, against 13.0%).
- Investors pay more for each dollar of Crane’s earnings: a P/E of 33.3x against 29.0x for SPX Technologies.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Crane
CR
7/10
Gross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityShare count change
SPX Technologies
SPXC
3/10
Revenue growthPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | CR FY25 | SPXC FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.2B | $8.2B |
| Revenue | $2.3B | $2.3B |
| Free cash flow | $341M | $241M |
| Net income | $367M | $244M |
| Growth | ||
| Revenue growth | 8.2% | 14.2% |
| 5-year growth | — | 15.0% |
| Share count change | 0.5% | 3.0% |
| Profitability | ||
| Gross margin | 42.2% | 40.5% |
| Operating margin | 18.4% | 15.5% |
| Net margin | 15.9% | 10.8% |
| FCF margin | 14.8% | 10.7% |
| Return on capital | 15.2% | 13.0% |
| Return on equity | 19.8% | 13.5% |
| Balance sheet | ||
| Net debt | $642M | $138M |
| Net debt / EBITDA | 1.4x | 0.3x |
| Dividends and buybacks | $52.9M | $0.0M |
| Valuation & quality | ||
| P/E | 33.3x | 29.0x |
| Piotroski F-score | 6 | 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.