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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) 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 $345.6M, roughly 1.6× GLOBAL INDUSTRIAL Co). SPX Technologies, Inc. runs the higher net margin — 10.6% vs 4.2%, a 6.3% gap on every dollar of revenue. On growth, SPX Technologies, Inc. posted the faster year-over-year revenue change (22.0% vs 14.3%). GLOBAL INDUSTRIAL Co produced more free cash flow last quarter ($19.2M vs $11.3M). Over the past eight quarters, SPX Technologies, Inc.'s revenue compounded faster (6.3% CAGR vs 3.4%).

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.

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...

GIC vs SPXC — Head-to-Head

Bigger by revenue
SPXC
SPXC
1.6× larger
SPXC
$566.8M
$345.6M
GIC
Growing faster (revenue YoY)
SPXC
SPXC
+7.7% gap
SPXC
22.0%
14.3%
GIC
Higher net margin
SPXC
SPXC
6.3% more per $
SPXC
10.6%
4.2%
GIC
More free cash flow
GIC
GIC
$7.9M more FCF
GIC
$19.2M
$11.3M
SPXC
Faster 2-yr revenue CAGR
SPXC
SPXC
Annualised
SPXC
6.3%
3.4%
GIC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GIC
GIC
SPXC
SPXC
Revenue
$345.6M
$566.8M
Net Profit
$14.6M
$59.9M
Gross Margin
34.5%
Operating Margin
5.7%
15.5%
Net Margin
4.2%
10.6%
Revenue YoY
14.3%
22.0%
Net Profit YoY
36.4%
17.0%
EPS (diluted)
$0.37

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
GIC
GIC
SPXC
SPXC
Q1 26
$566.8M
Q4 25
$345.6M
$637.3M
Q3 25
$353.6M
$592.8M
Q2 25
$358.9M
$552.4M
Q1 25
$321.0M
$482.6M
Q4 24
$302.3M
$533.7M
Q3 24
$342.4M
$483.7M
Q2 24
$347.8M
$501.3M
Net Profit
GIC
GIC
SPXC
SPXC
Q1 26
$59.9M
Q4 25
$14.6M
$77.9M
Q3 25
$18.8M
$62.7M
Q2 25
$25.1M
$52.2M
Q1 25
$13.6M
$51.2M
Q4 24
$10.7M
$57.1M
Q3 24
$16.8M
$50.2M
Q2 24
$20.3M
$44.2M
Gross Margin
GIC
GIC
SPXC
SPXC
Q1 26
Q4 25
34.5%
39.8%
Q3 25
35.6%
40.4%
Q2 25
37.1%
41.4%
Q1 25
34.9%
40.6%
Q4 24
33.8%
40.9%
Q3 24
34.0%
40.9%
Q2 24
35.2%
40.1%
Operating Margin
GIC
GIC
SPXC
SPXC
Q1 26
15.5%
Q4 25
5.7%
15.7%
Q3 25
7.4%
16.4%
Q2 25
9.3%
15.7%
Q1 25
5.7%
13.8%
Q4 24
4.8%
16.9%
Q3 24
6.5%
16.3%
Q2 24
7.6%
14.9%
Net Margin
GIC
GIC
SPXC
SPXC
Q1 26
10.6%
Q4 25
4.2%
12.2%
Q3 25
5.3%
10.6%
Q2 25
7.0%
9.4%
Q1 25
4.2%
10.6%
Q4 24
3.5%
10.7%
Q3 24
4.9%
10.4%
Q2 24
5.8%
8.8%
EPS (diluted)
GIC
GIC
SPXC
SPXC
Q1 26
Q4 25
$0.37
$1.56
Q3 25
$0.48
$1.28
Q2 25
$0.65
$1.10
Q1 25
$0.35
$1.09
Q4 24
$0.28
$1.21
Q3 24
$0.44
$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
GIC
GIC
SPXC
SPXC
Cash + ST InvestmentsLiquidity on hand
$67.5M
$156.5M
Total DebtLower is stronger
$667.3M
Stockholders' EquityBook value
$313.2M
$2.3B
Total Assets
$580.8M
$3.9B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIC
GIC
SPXC
SPXC
Q1 26
$156.5M
Q4 25
$67.5M
$364.0M
Q3 25
$67.2M
$229.4M
Q2 25
$55.1M
$132.8M
Q1 25
$39.0M
$177.8M
Q4 24
$44.6M
$156.9M
Q3 24
$38.9M
$124.8M
Q2 24
$38.8M
$128.1M
Total Debt
GIC
GIC
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
GIC
GIC
SPXC
SPXC
Q1 26
$2.3B
Q4 25
$313.2M
$2.2B
Q3 25
$316.0M
$2.1B
Q2 25
$305.2M
$1.5B
Q1 25
$287.9M
$1.4B
Q4 24
$281.1M
$1.4B
Q3 24
$279.2M
$1.4B
Q2 24
$270.4M
$1.3B
Total Assets
GIC
GIC
SPXC
SPXC
Q1 26
$3.9B
Q4 25
$580.8M
$3.6B
Q3 25
$602.5M
$3.4B
Q2 25
$586.5M
$3.3B
Q1 25
$536.7M
$3.1B
Q4 24
$520.7M
$2.7B
Q3 24
$531.6M
$2.8B
Q2 24
$542.5M
$2.8B
Debt / Equity
GIC
GIC
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
GIC
GIC
SPXC
SPXC
Operating Cash FlowLast quarter
$20.0M
Free Cash FlowOCF − Capex
$19.2M
$11.3M
FCF MarginFCF / Revenue
5.6%
2.0%
Capex IntensityCapex / Revenue
0.2%
3.3%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$74.7M
$268.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIC
GIC
SPXC
SPXC
Q1 26
Q4 25
$20.0M
$195.2M
Q3 25
$22.7M
$106.5M
Q2 25
$31.7M
$42.5M
Q1 25
$3.4M
$-10.9M
Q4 24
$15.9M
$166.5M
Q3 24
$9.6M
$51.4M
Q2 24
$18.8M
$57.5M
Free Cash Flow
GIC
GIC
SPXC
SPXC
Q1 26
$11.3M
Q4 25
$19.2M
$126.7M
Q3 25
$22.0M
$96.1M
Q2 25
$30.3M
$34.8M
Q1 25
$3.2M
$-16.4M
Q4 24
$15.2M
$156.7M
Q3 24
$8.7M
$43.5M
Q2 24
$17.9M
$47.1M
FCF Margin
GIC
GIC
SPXC
SPXC
Q1 26
2.0%
Q4 25
5.6%
19.9%
Q3 25
6.2%
16.2%
Q2 25
8.4%
6.3%
Q1 25
1.0%
-3.4%
Q4 24
5.0%
29.4%
Q3 24
2.5%
9.0%
Q2 24
5.1%
9.4%
Capex Intensity
GIC
GIC
SPXC
SPXC
Q1 26
3.3%
Q4 25
0.2%
10.7%
Q3 25
0.2%
1.8%
Q2 25
0.4%
1.4%
Q1 25
0.1%
1.1%
Q4 24
0.2%
1.8%
Q3 24
0.3%
1.6%
Q2 24
0.3%
2.1%
Cash Conversion
GIC
GIC
SPXC
SPXC
Q1 26
Q4 25
1.37×
2.51×
Q3 25
1.21×
1.70×
Q2 25
1.26×
0.81×
Q1 25
0.25×
-0.21×
Q4 24
1.49×
2.92×
Q3 24
0.57×
1.02×
Q2 24
0.93×
1.30×

Financial Flow Comparison

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

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