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 The Middleby 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 The Middleby Corporation compare based on key financial metrics to determine which better meets your investment needs.

About SPX Technologies, Inc. and The Middleby 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.

The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.

Latest Machinery and SPX Technologies, Inc., The Middleby Corporation Stock News

As of September 4, 2026, SPX Technologies, Inc. had a $9.8 billion market capitalization, compared to the Machinery median of $4.1 million. SPX Technologies, Inc.’s stock is down 1.4% in 2026, up 0.2% in the previous five trading days and up 5.22% in the past year.

Currently, SPX Technologies, Inc.’s price-earnings ratio is 34.6. 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 4, 2026, The Middleby Corporation had a $5.1 billion market cap, putting it in the 67th percentile of all stocks. The Middleby Corporation’s stock is down 26.9% in 2026, down 2% in the previous five trading days and down 21.2% in the past year.

Currently, The Middleby Corporation’s price-earnings ratio is 16.9. The Middleby Corporation’s trailing 12-month revenue is $3.4 billion with a -13.9% net profit margin. Year-over-year quarterly sales growth most recently was 9.9%. Analysts expect adjusted earnings to reach $6.896 per share for the current fiscal year. The Middleby Corporation does not currently pay a dividend.

How We Compare SPX Technologies, Inc. and The Middleby 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 The Middleby Corporation’s stock grades to see how they measure up against one another.

Learn more about A+ Investor here!

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

SPX Technologies, Inc. and The Middleby Corporation Growth Grades

Company	Ticker	Growth
SPX Technologies, Inc.	SPXC	C
The Middleby Corporation	MIDD	C

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 59, which is Average. The Middleby Corporation has a Growth Score of 56, which is Average.

The Growth Stock Winner: No Clear Winner

Neither SPX Technologies, Inc. or The Middleby Corporation has a high enough Growth Grade to be considered a “winner.” Investors who are 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 The Middleby Corporation is the better investment when it comes to sustainable growth.

SPX Technologies, Inc. and The Middleby Corporation’s Quality Grades

Company	Ticker	Quality
SPX Technologies, Inc.	SPXC	A
The Middleby Corporation	MIDD	A

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks 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 the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

SPX Technologies, Inc. has a Quality Score of 83, which is Very Strong. The Middleby Corporation has a Quality Score of 91, which is Very Strong.

The Quality Grade Winner: It’s a Tie!

Looking at the Quality Grade breakdown above, both SPX Technologies, Inc. and The Middleby Corporation have a grade of A. For investors who focus solely on a company’s overall quality, you will need to conduct further research into both companies to see if they are a good fit for your portfolio. As a good rule of thumb, you should always analyze multiple factors based on a wide range of metrics before choosing a company to invest in.

SPX Technologies, Inc. and The Middleby Corporation’s Momentum Grades

Company	Ticker	Momentum
SPX Technologies, Inc.	SPXC	D
The Middleby Corporation	MIDD	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. The Middleby Corporation has a Momentum Score of 18, which is Very Weak.

The Momentum Stock Winner: No Clear Winner

Neither SPX Technologies, Inc. or The Middleby 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 The Middleby Corporation is the better investment when it comes to momentum.

Other SPX Technologies, Inc. and The Middleby Corporation Grades

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

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

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.

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 The Middleby 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 The Middleby Corporation Stock?

Overall, SPX Technologies, Inc. stock has a Growth Score of 59, Momentum Score of 32 and Quality Score of 83.

The Middleby Corporation stock has a Growth Score of 56, Momentum Score of 18 and Quality Score of 91.

Comparing SPX Technologies, Inc. and The Middleby 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.