INVX

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Innovex International, Inc.

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Key Metrics

Previous Close: $29.42
52-Week Range: $15.83 – $33.71
Market Cap: $2.04B
P/E (TTM): 33.13
EPS (TTM): 0.88
Dividend Yield: —

Advanced Metrics

Price/Book: 1.90
PEG Ratio: —
Return on Equity: 5.99%
Return on Assets: 5.46%
Gross Margin: 32.40%
Operating Margin: 11.58%
Profit Margin: 6.17%
Current Ratio: 5.01
Debt/Equity: 0.07
Total Debt: $74.55M
Free Cash Flow: $174.04M
Revenue Growth: 9.20%
Earnings Growth: 63.60%
Enterprise Value: $1.88B

INVX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$467.19M	$555.54M	$660.80M	$978.25M
Cost of Revenue	$309.07M	$360.10M	$428.17M	$674.97M
Gross Profit	$158.12M	$195.44M	$232.63M	$303.28M
Selling, General & Admin	$59.19M	$72.80M	$116.18M	$128.79M
Operating Expenses	$77.66M	$95.46M	$147.39M	$189.53M
Operating Income	$80.45M	$99.98M	$85.24M	$113.75M
EBITDA	$101.92M	$129.93M	$184.77M	$204.35M
Pretax Income	$72.93M	$94.37M	$142.81M	$128.53M
Income Tax	$9.65M	$20.44M	$2.49M	$45.23M
Net Income	$63.28M	$73.93M	$140.32M	$83.30M
Diluted EPS	4.05	4.73	2.77	1.20
Diluted Shares	15.62M	15.62M	50.63M	69.38M

INVX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$8.42M	$7.41M	$73.28M	$203.41M
Receivables	$126.23M	$122.14M	$266.34M	$261.00M
Inventory	$136.66M	$141.19M	$271.17M	$248.43M
Current Assets	$282.39M	$288.27M	$641.39M	$728.05M
Total Assets	$436.29M	$475.30M	$1.20B	$1.27B
Current Liabilities	$85.02M	$78.62M	$162.66M	$148.16M
Long-Term Debt	$76.40M	$35.25M	$20.02M	—
Total Debt	$114.58M	$84.91M	$91.07M	$79.29M
Total Liabilities	$185.01M	$146.38M	$239.33M	$210.61M
Retained Earnings	$71.98M	$145.91M	$211.25M	$285.27M
Shareholders' Equity	$251.28M	$328.92M	$958.16M	$1.06B
Working Capital	$197.37M	$209.65M	$478.73M	$579.88M
Net Debt	$72.98M	$32.84M	—	—

INVX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$5.81M	$75.86M	$93.44M	$190.91M
Capital Expenditure	-$9.57M	-$15.49M	-$13.59M	-$35.13M
Free Cash Flow	-$15.39M	$60.38M	$79.84M	$155.78M
Depreciation & Amortisation	$24.96M	$30.06M	$39.52M	$73.24M
Stock-Based Compensation	$907.00K	$1.96M	$13.25M	$13.80M
Investing Cash Flow	-$37.52M	-$32.43M	$78.44M	-$18.74M
Financing Cash Flow	$42.28M	-$44.56M	-$103.07M	-$44.92M
Dividends Paid	$0.00	$0.00	-$74.98M	$0.00
Share Repurchases	-$1.29M	$0.00	$0.00	-$9.28M
Net Change in Cash	-$1.05M	-$1.13M	$68.81M	$127.25M

INVX Income statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026
Revenue	$250.69M	$240.41M	$224.23M	$273.60M	$239.03M
Cost of Revenue	$165.82M	$163.91M	$152.51M	$194.49M	$154.52M
Gross Profit	$84.87M	$76.50M	$71.72M	$79.11M	$84.51M
Selling, General & Admin	$38.28M	$32.35M	$28.84M	$32.03M	$41.75M
Operating Expenses	$50.32M	$47.29M	$43.81M	$47.50M	$57.97M
Operating Income	$34.55M	$29.21M	$27.91M	$31.62M	$26.54M
EBITDA	$42.38M	$47.09M	$40.80M	$46.35M	$46.04M
Pretax Income	$27.41M	$21.36M	$22.24M	$26.97M	-$21.59M
Income Tax	-$4.38M	$6.61M	$6.89M	$13.00M	-$4.92M
Net Income	$31.79M	$14.76M	$15.35M	$13.97M	-$16.67M
Diluted EPS	0.47	0.21	0.22	0.20	-0.24
Diluted Shares	68.04M	69.48M	69.15M	69.64M	68.94M

INVX Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026
Cash & Equivalents	$68.12M	$68.78M	—	$203.41M	$200.71M
Receivables	$269.09M	$256.83M	—	$261.00M	$279.83M
Inventory	$269.25M	$278.50M	—	$248.43M	$252.99M
Current Assets	$632.64M	$670.11M	—	$728.05M	$752.89M
Total Assets	$1.20B	$1.23B	—	$1.27B	$1.29B
Current Liabilities	$145.82M	$145.75M	—	$148.16M	$147.76M
Long-Term Debt	$14.60M	$27.64M	—	—	—
Total Debt	$82.73M	$98.69M	—	$79.29M	$76.20M
Total Liabilities	$217.63M	$231.53M	—	$210.61M	$256.77M
Retained Earnings	$225.38M	$232.08M	—	$285.27M	$254.48M
Shareholders' Equity	$978.38M	$995.55M	—	$1.06B	$1.03B
Working Capital	$486.82M	$524.36M	—	$579.88M	$605.13M

INVX Cash Flow statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q4 2025	Q1 2026
Operating Cash Flow	$36.34M	$31.09M	$59.21M	$52.24M	$19.84M
Capital Expenditure	-$7.63M	-$7.06M	-$7.30M	-$8.93M	-$5.83M
Free Cash Flow	$28.72M	$24.03M	$51.91M	$43.31M	$14.01M
Depreciation & Amortisation	$14.59M	$17.88M	$18.01M	$18.73M	$19.50M
Stock-Based Compensation	$1.42M	$1.77M	$3.76M	$5.03M	$2.97M
Investing Cash Flow	-$71.95M	-$23.47M	-$62.87M	-$9.96M	-$5.63M
Financing Cash Flow	$11.14M	-$13.40M	$2.44M	-$2.79M	-$16.91M
Dividends Paid	$0.00	—	—	$0.00	—
Share Repurchases	—	-$626.00K	-$8.65M	$0.00	-$14.13M
Net Change in Cash	-$24.47M	-$5.78M	-$1.22M	$39.49M	-$2.69M

Market Snapshot

About

Innovex International, Inc. is an oilfield services company providing manufacturing, coating, and supply chain solutions to the oil and gas industry. The company produces drill pipe, premium connections, and other tubular products essential for drilling operations. Innovex serves exploration and production companies, drilling contractors, and other energy sector customers primarily in North America. The company combines manufacturing capabilities with technical expertise to deliver products that meet the demanding requirements of modern drilling operations.