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Spirax Group plc

SPX.LIndustrialsLSE

Specialty Industrial Machinery

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Financials · Annual
Revenue
$1.70B
+2.3% YoY
Net Income
$163.4M
-14.5% YoY
EBITDA
$375.7M
-10.4% YoY
Free Cash Flow
$193.5M

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About Spirax Group plc

Headquartered within the industrials sector, Spirax Group plc focuses on Specialty Industrial Machinery services and products. Spirax Group plc provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. Valued at $5.14B, SPX.L is a mid-cap name in its sector. It operates through three segments: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions.

Key stats
Market Cap$5.14B
P/E (TTM)31.52
Fwd P/E19.47
EPS$2.21
Beta1.15
52W Change+24.6%
Dividend Yield2.43%
ROE13.5%
Analysis

Spirax Group plc carries $1.02B in total debt against $369.0M in cash reserves — debt is roughly 2.8x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $193.5M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 13.5%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 7.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $1.61B (2022) to $1.70B (2025).

As with any equity investment, SPX.L carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SPX.L.

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