vs

Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and SPX Technologies, Inc. (SPXC). Click either name above to swap in a different company.

SPX Technologies, Inc. is the larger business by last-quarter revenue ($566.8M vs $336.2M, roughly 1.7× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 10.6%, a 17.6% gap on every dollar of revenue. On growth, SPX Technologies, Inc. posted the faster year-over-year revenue change (22.0% vs 4.2%). Over the past eight quarters, SPX Technologies, Inc.'s revenue compounded faster (6.3% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...

FULT vs SPXC — Head-to-Head

Bigger by revenue
SPXC
SPXC
1.7× larger
SPXC
$566.8M
$336.2M
FULT
Growing faster (revenue YoY)
SPXC
SPXC
+17.8% gap
SPXC
22.0%
4.2%
FULT
Higher net margin
FULT
FULT
17.6% more per $
FULT
28.2%
10.6%
SPXC
Faster 2-yr revenue CAGR
SPXC
SPXC
Annualised
SPXC
6.3%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FULT
FULT
SPXC
SPXC
Revenue
$336.2M
$566.8M
Net Profit
$94.8M
$59.9M
Gross Margin
Operating Margin
15.5%
Net Margin
28.2%
10.6%
Revenue YoY
4.2%
22.0%
Net Profit YoY
1.9%
17.0%
EPS (diluted)
$0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FULT
FULT
SPXC
SPXC
Q1 26
$336.2M
$566.8M
Q4 25
$336.0M
$637.3M
Q3 25
$334.6M
$592.8M
Q2 25
$324.1M
$552.4M
Q1 25
$318.4M
$482.6M
Q4 24
$319.6M
$533.7M
Q3 24
$317.7M
$483.7M
Q2 24
$334.7M
$501.3M
Net Profit
FULT
FULT
SPXC
SPXC
Q1 26
$94.8M
$59.9M
Q4 25
$99.0M
$77.9M
Q3 25
$100.5M
$62.7M
Q2 25
$99.2M
$52.2M
Q1 25
$93.0M
$51.2M
Q4 24
$68.6M
$57.1M
Q3 24
$63.2M
$50.2M
Q2 24
$95.0M
$44.2M
Gross Margin
FULT
FULT
SPXC
SPXC
Q1 26
Q4 25
39.8%
Q3 25
40.4%
Q2 25
41.4%
Q1 25
40.6%
Q4 24
40.9%
Q3 24
40.9%
Q2 24
40.1%
Operating Margin
FULT
FULT
SPXC
SPXC
Q1 26
15.5%
Q4 25
35.7%
15.7%
Q3 25
38.2%
16.4%
Q2 25
37.8%
15.7%
Q1 25
36.1%
13.8%
Q4 24
27.0%
16.9%
Q3 24
25.1%
16.3%
Q2 24
30.8%
14.9%
Net Margin
FULT
FULT
SPXC
SPXC
Q1 26
28.2%
10.6%
Q4 25
29.5%
12.2%
Q3 25
30.0%
10.6%
Q2 25
30.6%
9.4%
Q1 25
29.2%
10.6%
Q4 24
21.5%
10.7%
Q3 24
19.9%
10.4%
Q2 24
28.4%
8.8%
EPS (diluted)
FULT
FULT
SPXC
SPXC
Q1 26
$0.55
Q4 25
$0.53
$1.56
Q3 25
$0.53
$1.28
Q2 25
$0.53
$1.10
Q1 25
$0.49
$1.09
Q4 24
$0.36
$1.21
Q3 24
$0.33
$1.06
Q2 24
$0.52
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
SPXC
SPXC
Cash + ST InvestmentsLiquidity on hand
$156.5M
Total DebtLower is stronger
$667.3M
Stockholders' EquityBook value
$3.5B
$2.3B
Total Assets
$32.2B
$3.9B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
SPXC
SPXC
Q1 26
$156.5M
Q4 25
$364.0M
Q3 25
$229.4M
Q2 25
$132.8M
Q1 25
$177.8M
Q4 24
$156.9M
Q3 24
$124.8M
Q2 24
$128.1M
Total Debt
FULT
FULT
SPXC
SPXC
Q1 26
$667.3M
Q4 25
$496.7M
Q3 25
$499.8M
Q2 25
$950.3M
Q1 25
$872.0M
Q4 24
$577.0M
Q3 24
$665.2M
Q2 24
$509.9M
Stockholders' Equity
FULT
FULT
SPXC
SPXC
Q1 26
$3.5B
$2.3B
Q4 25
$3.5B
$2.2B
Q3 25
$3.4B
$2.1B
Q2 25
$3.3B
$1.5B
Q1 25
$3.3B
$1.4B
Q4 24
$3.2B
$1.4B
Q3 24
$3.2B
$1.4B
Q2 24
$3.1B
$1.3B
Total Assets
FULT
FULT
SPXC
SPXC
Q1 26
$32.2B
$3.9B
Q4 25
$32.1B
$3.6B
Q3 25
$32.0B
$3.4B
Q2 25
$32.0B
$3.3B
Q1 25
$32.1B
$3.1B
Q4 24
$32.1B
$2.7B
Q3 24
$32.2B
$2.8B
Q2 24
$31.8B
$2.8B
Debt / Equity
FULT
FULT
SPXC
SPXC
Q1 26
0.29×
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.62×
Q1 25
0.60×
Q4 24
0.42×
Q3 24
0.49×
Q2 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FULT
FULT
SPXC
SPXC
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$268.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
SPXC
SPXC
Q1 26
Q4 25
$304.5M
$195.2M
Q3 25
$116.1M
$106.5M
Q2 25
$91.7M
$42.5M
Q1 25
$703.0K
$-10.9M
Q4 24
$416.6M
$166.5M
Q3 24
$-22.0M
$51.4M
Q2 24
$157.8M
$57.5M
Free Cash Flow
FULT
FULT
SPXC
SPXC
Q1 26
$11.3M
Q4 25
$126.7M
Q3 25
$96.1M
Q2 25
$34.8M
Q1 25
$-16.4M
Q4 24
$156.7M
Q3 24
$43.5M
Q2 24
$47.1M
FCF Margin
FULT
FULT
SPXC
SPXC
Q1 26
2.0%
Q4 25
19.9%
Q3 25
16.2%
Q2 25
6.3%
Q1 25
-3.4%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
9.4%
Capex Intensity
FULT
FULT
SPXC
SPXC
Q1 26
3.3%
Q4 25
10.7%
Q3 25
1.8%
Q2 25
1.4%
Q1 25
1.1%
Q4 24
1.8%
Q3 24
1.6%
Q2 24
2.1%
Cash Conversion
FULT
FULT
SPXC
SPXC
Q1 26
Q4 25
3.08×
2.51×
Q3 25
1.16×
1.70×
Q2 25
0.92×
0.81×
Q1 25
0.01×
-0.21×
Q4 24
6.07×
2.92×
Q3 24
-0.35×
1.02×
Q2 24
1.66×
1.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons