Sifting through countless of stocks in the Machinery industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in SPX Technologies, Inc. or ATS Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how SPX Technologies, Inc. and ATS Corporation compare based on key financial metrics to determine which better meets your investment needs.

About SPX Technologies, Inc. and ATS Corporation

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.

ATS Corporation, together with its subsidiaries, engages in the planning, designing, building, commissioning, and servicing of automated manufacturing and assembly systems worldwide. The company offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modeling; post-automation services, including training, process optimization, preventive maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after-sales services. It also provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products and platforms, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services. In addition, the company offers value engineering, supply chain management, and integration and manufacturing capabilities, as well as other automation products and solutions; and software and digital solutions comprising connected factory floor management systems to capture, analyze, and use real-time machine performance data to troubleshoot issues, deliver process and product solutions, prevent equipment downtime, drive operational efficiency, and unlock performance for sustainable production improvements. It serves the life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy markets. The company was formerly known as ATS Automation Tooling Systems Inc. and changed its name to ATS Corporation in November 2022. ATS Corporation was founded in 1978 and is headquartered in Cambridge, Canada.

Latest Machinery and SPX Technologies, Inc., ATS Corporation Stock News

As of September 2, 2026, SPX Technologies, Inc. had a $9.7 billion market capitalization, compared to the Machinery median of $4.0 million. SPX Technologies, Inc.’s stock is down 3.6% in 2026, down 6.1% in the previous five trading days and up 4.98% in the past year.

Currently, SPX Technologies, Inc.’s price-earnings ratio is 34.1. SPX Technologies, Inc.’s trailing 12-month revenue is $2.5 billion with a 11.3% net profit margin. Year-over-year quarterly sales growth most recently was 22.9%. Analysts expect adjusted earnings to reach $8.478 per share for the current fiscal year. SPX Technologies, Inc. does not currently pay a dividend.

As of September 2, 2026, ATS Corporation had a $1.8 billion market cap, putting it in the 52nd percentile of all stocks. ATS Corporation’s stock is down 30.3% in 2026, down 1.1% in the previous five trading days and down 29.51% in the past year.

Currently, ATS Corporation’s price-earnings ratio is 56.6. ATS Corporation’s trailing 12-month revenue is $2.1 billion with a 1.6% net profit margin. Year-over-year quarterly sales growth most recently was -9.4%. Analysts expect adjusted earnings to reach $1.091 per share for the current fiscal year. ATS Corporation does not currently pay a dividend.

How We Compare SPX Technologies, Inc. and ATS Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at SPX Technologies, Inc. and ATS Corporation’s stock grades to see how they measure up against one another.

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SPX Technologies, Inc. and ATS Corporation Growth Grades

Company	Ticker	Growth
SPX Technologies, Inc.	SPXC	C
ATS Corporation	ATS	A

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

SPX Technologies, Inc. has a Growth Score of 60, which is Average. ATS Corporation has a Growth Score of 82, which is Very Strong.

The Growth Grade Winner: ATS Corporation

As you can clearly see from the Growth Grade breakdown above, ATS Corporation has a more attractive growth grade than SPX Technologies, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, ATS Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

SPX Technologies, Inc. and ATS Corporation’s Momentum Grades

Company	Ticker	Momentum
SPX Technologies, Inc.	SPXC	D
ATS Corporation	ATS	F

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

SPX Technologies, Inc. has a Momentum Score of 32, which is Weak. ATS Corporation has a Momentum Score of 16, which is Very Weak.

The Momentum Stock Winner: No Clear Winner

Neither SPX Technologies, Inc. or ATS Corporation has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if SPX Technologies, Inc. or ATS Corporation is the better investment when it comes to momentum.

SPX Technologies, Inc. and ATS Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
SPX Technologies, Inc.	SPXC	B
ATS Corporation	ATS	F

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

SPX Technologies, Inc. has a Earnings Estimate Score of 71, which is Positive. ATS Corporation has a Earnings Estimate Score of 10, which is Very Negative.

The Earnings Estimate Revisions Grade Winner: SPX Technologies, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, SPX Technologies, Inc. has a better Earnings Estimate Revisions Grade than ATS Corporation. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, SPX Technologies, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other SPX Technologies, Inc. and ATS Corporation Grades

In addition to Estimate Revisions, Momentum and Growth, A+ Investor also provides grades for Value and Quality.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether SPX Technologies, Inc. and ATS Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, SPX Technologies, Inc. or ATS Corporation Stock?

Overall, SPX Technologies, Inc. stock has a Growth Score of 60, Momentum Score of 32 and Estimate Revisions Score of 71.

ATS Corporation stock has a Growth Score of 82, Momentum Score of 16 and Estimate Revisions Score of 10.

Comparing SPX Technologies, Inc. and ATS Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.