Is SPX Technologies, Inc. (SPXC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.9% / 30% | 3.6% / 30% | 4.1% / 30% | 0.21% / 5% | ✓ HALAL |
| DJIM | 4.9% / 33% | 3.6% / 33% | 4.1% / 33% | 0.21% / 5% | ✓ HALAL |
| MSCI | 13.9% / 33% | 10.1% / 33% | 11.7% / 33% | 0.21% / 5% | ✓ HALAL |
| S&P | 4.9% / 33% | 3.6% / 33% | 4.1% / 33% | 0.21% / 5% | ✓ HALAL |
| FTSE | 13.9% / 33% | 10.1% / 33% | 11.7% / 50% | 0.21% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 40.6% | |
| Operating Margin | 11.5% | |
| Net Margin | 10.8% | |
| Return on Equity (ROE) | 13.6% | |
| Return on Assets (ROA) | 6.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $333M |
| Free Cash Flow | $241M |
| Total Debt | $502M |
| Debt-to-Equity | 25.8 |
| Current Ratio | 2.5 |
| Total Assets | $3.6B |
Price & Trading
| Last Close | $200.45 |
| 50-Day MA | $216.90 |
| 200-Day MA | $198.40 |
| Avg Volume | 391K |
| Beta | 1.3 |
|
52-Week Range
$115.00
| |
About SPX Technologies, Inc. (SPXC)
SPX Technologies, Inc. engages in the supply of engineered solutions serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement and handling solutions for the industrial, institutional, and commercial HVAC markets, as well as hydronic and electrical heating and ventilation products for the residential, industrial, institutional, and commercial markets. It offers cooling products and engineered air movement and handling solutions under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Air Enterprises, and Rahn Industries brand names; hydronics and electrical heating and ventilation products under the under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Sigma, Omega, Skypeak, Thermolec, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies under the TCI, ECS, and KTS brands; and aids to navigation products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through consumers, independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. is headquartered in Charlotte, North Carolina.
Purification Calculator
As a halal stock with 0.21% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is SPX Technologies, Inc. (SPXC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SPX Technologies, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SPX Technologies, Inc.'s debt ratio?
SPX Technologies, Inc.'s debt ratio is 4.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 13.9%.
Does SPX Technologies, Inc. require dividend purification?
Yes, SPX Technologies, Inc. has an impermissible income ratio of 0.21%, which means 0.21% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are SPX Technologies, Inc.'s key financial metrics?
SPX Technologies, Inc. has a market capitalization of $10.0B, trailing P/E ratio of 39.5, and revenue of $2.3B. The company maintains a gross margin of 40.6% and a net margin of 10.8%. Return on equity stands at 13.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.