HIGHBuilt-inGeographic
80%
United States
“10-K Item 1A: 'approximately 80% of our revenues were generated inside the United States'”
SPXC · Concentration risk · 10-K extracted
SPX Technologies (SPXC) concentration risks
Updated
The most significant concentration SPX Technologies discloses is United States at 80%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: SPX Technologies’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
HVAC segment
“10-K Item 1: 'Our HVAC reportable segment had revenues of $1,518.2'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines two structural exposures: a domestic revenue tilt and a segment-level product focus. On the geographic side, approximately 80% of revenues were generated inside the United States, a high-share concentration reflecting where the company's end-markets and installed base are primarily situated. This is structural in character — it follows from the nature of the HVAC and infrastructure markets the company serves rather than from any single-customer dependency — and means results are meaningfully linked to domestic construction activity, energy efficiency investment, and regulatory trends rather than to any individual buyer. On the product side, the HVAC reportable segment is the largest disclosed revenue contributor, also a high-share, structural exposure. The filing does not provide a precise segment revenue percentage from the source quote, but the segment's disclosed scale signals that HVAC is the dominant driver of consolidated results. This means that conditions specific to the HVAC end-market — heating and cooling demand, new construction versus replacement cycles, and regulatory changes such as refrigerant transitions — are the primary operating levers for the company as a whole. The two exposures reinforce each other: the company is predominantly a U.S.-oriented HVAC business. Neither concentration involves a specific named customer or counterparty, which limits idiosyncratic risk but does leave the company with limited geographic or end-market diversification to offset a U.S. HVAC downturn.
For the engine’s reasoning on SPXC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Building Products & Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARLO | Arlo Technologies, Inc. | 2 | 1 | 0 | 3 |
| SPXC● | SPX Technologies, Inc. | 2 | 0 | 0 | 2 |
| AWI | Armstrong World Industries Inc | 1 | 1 | 2 | 4 |
| CARR | Carrier Global Corporation | 1 | 0 | 0 | 1 |
| AAON | AAON, Inc. | 0 | 1 | 0 | 1 |
| BLDR | Builders FirstSource, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.