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Stock research / United States / INVX · Oil & Gas Field Machinery & Equipment · NYSE

Innovex International, Inc. (INVX)

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Innovex International, Inc. (INVX) reported revenue of $245 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.2% on the same quarter a year earlier. Net income was $25 million, up 63.1% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$245 millionup 9.2%
Net income$25 millionup 63.1%
Diluted EPS$0.36
QuarterQ2 FY2026ended 30 June 2026

Innovex International (INVX) in brief

Innovex International (INVX) reported revenue of $978 million for fiscal 2025, the year ended 31 December 2025, up 48.0% on the year before.
Read moreNet income was $83 million and diluted earnings per share $1.20. Revenue was $661 million in fiscal 2024, $556 million in fiscal 2023, $467 million in fiscal 2022 and $323 million in fiscal 2021. Net income in the same years was $140 million, $74 million, $63 million and a loss of $128 million. Over the twelve months to 30 June 2026, Innovex International reported revenue of $998 million and net income of $62 million. Revenue grew 21.8% a year, compounded, over the five years to fiscal 2025. Innovex International had 69 million shares outstanding at the latest filed count. At 30 June 2026 it carried $19 million of debt and $222 million of cash. At the close of 9 October 2026 the market cap of Innovex International was $1.9 billion, 31.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE5.8%
ROCE9.3%
Operating margin10.0%
Net margin6.2%
FCF marginn/a
Interest cover344.93
Debt to equity0.02
Cash conversion2.56
Share count, 1 year0.1%
Sales CAGR, 3 years27.9%
Profit CAGR, 3 years9.6%
EPS, TTM$0.89

At the close of 9 October 2026

Price$28.06
Market cap$1.9 billion
Stock P/E31.53
Price to book1.83
EV / EBITDA10.59
Dividend yieldn/a
Market cap / sales1.94
52-week high$31.63
52-week low$17.21
Price, 1 year53.4%
Price CAGR, 3 years2.9%
Price CAGR, 5 years1.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure Innovex International, Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
INVXgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on INVX

Filings19 in twelve months: 11 current reports (8-K), about 4 results of operations; 4 regulation FD disclosure; 2 material agreement; 2 unregistered sale of equity; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $2.3 million; latest 4 August 2026
Options tapeput/call 0.2 by open interest at the 9 October 2026 close; the straddle prices a 10.0% move to 16 October 2026
13F holders4 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading30 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.0 million shares short, 3.66 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue117126110120152251240224240274239245
Cost of revenue89.291.778.984.399.1166164153164194155161
Gross profit28.134.731.436.052.784.976.571.775.979.184.583.6
Gross margin24%27%28%30%35%34%32%32%32%29%35%34%
SG&A19.228.721.318.638.038.332.328.835.632.041.739.1
Operating income24.04.622.313.1-13.226.921.922.762.325.8-21.833.8
Operating margin20%4%20%11%-9%11%9%10%26%9%-9%14%
Interest expense1.5n/a0.70.60.70.40.70.60.70.7-0.4-0.7
Pre-tax income23.25.721.513.980.027.421.422.258.027.0-21.635.4
Tax rate34%68%24%31%-3%-16%31%31%32%48%n/a29%
Net income15.41.816.49.582.631.814.815.339.214.0-16.725.0
Net margin13%1%15%8%54%13%6%7%16%5%-7%10%
Diluted EPS-$0.21$0.05-$0.58-$0.05$1.99$0.47$0.21$0.22$0.57$0.20-$0.24$0.36
Operating cash flow23.226.1-4.1-9.370.536.331.159.248.452.219.837.0
Capital expenditure5.411.64.86.2n/an/an/an/an/an/an/an/a
Free cash flow17.814.5-8.9-15.5n/an/an/an/an/an/an/an/a
Buybacks0.00.0n/an/an/an/an/an/an/an/an/an/a
Shares outstanding34m34m34m34m67m69m69m69m69m69m69m69m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue931844539455385415365323467556661978998
Cost of revenue514459328330294295270309309360428675674
Gross profit41738521012591.112095.313.7158195233303323
Gross margin44.8%45.6%39.0%27.5%23.7%28.9%26.1%4.2%33.8%35.2%35.2%31.0%32.4%
Research and developmentn/an/an/an/an/an/an/an/a2.53.03.76.7n/a
Selling, general and administrative92.888.053.111410298.495.111559.272.8116129148
Operating income279249113-69.1-1232.8-63.6-12575.897.349.1133100
Operating margin29.9%29.5%20.9%-15.2%-31.9%0.7%-17.4%-38.8%16.2%17.5%7.4%13.6%10.0%
Interest expense0.00.00.00.10.30.30.60.84.05.52.42.60.3
Pre-tax income279250116-65.6-11510.4-62.0-12672.994.414312998.7
Income tax70.757.822.635.0-19.38.7-31.32.99.720.42.545.237.2
Effective tax rate25.3%23.1%19.5%n/an/a83.5%n/an/a13.2%21.7%1.7%35.2%37.7%
Net income20919293.2-101-95.71.7-30.8-12863.373.914083.361.6
Net margin22.4%22.7%17.3%-22.1%-24.9%0.4%-8.4%-39.8%13.5%13.3%21.2%8.5%6.2%
Diluted EPS$5.19$4.98$2.47-$2.69-$2.58$0.05-$0.87-$3.62$2.01$2.29$2.77$1.20$0.89
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed. FY2024: the four quarters as first filed in the 10-Qs do not add to the year as filed in the 10-K, because the company later restated them (a spin-off or discontinued operations).

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Product46152768570.1%
Rental31.350.316717.0%
Service63.483.112612.9%
ProductRentalService
556FY2023661FY2024978FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow14919024710845.514.7-21.138.4-5.875.993.4191157
Capital expenditure42.527.125.827.632.111.511.910.018.932.6n/an/an/a
Free cash flow10716322180.413.43.2-33.028.4-24.743.2n/an/an/a
Free cash flow margin11.5%19.3%41.0%17.6%3.5%0.8%-9.1%8.8%-5.3%7.8%n/an/an/a
Cash from investing-41.6-26.7-158-44.9-15.2-8.5-5.6-3.2-37.5-32.478.4-18.748.8
Cash from financing-187-73.6-21.90.6-99.2-24.6-25.2-24.342.3-44.6-103-44.9-53.3
Depreciation and amortisation31.230.531.941.035.334.032.430.418.522.731.260.763.3
Share-based compensation11.913.112.214.313.515.712.914.90.92.013.213.814.6
Buybacks19075.824.20.010026.625.024.220.80.0n/an/an/a
Dividends paidn/an/an/an/an/an/an/an/a0.00.075.00.0n/a
Diluted shares, weighted40m39m38m37m37m36m35m35m31m32m51m69m70m
Shares outstanding at period end39m38m38m38m36m36m35m35m34m34m69m69m69m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity1,2451,3241,3561,2941,0961,0911,0421812513299581,0581,058
Debtn/an/an/an/an/an/an/an/a0.040.625.418.919.0
Operating lease liabilitiesn/an/an/an/an/a3.85.84.23.827.245.241.036.7
Finance lease liabilitiesn/an/an/an/an/a0.20.10.10.15.34.918.919.0
Other liabilities20410410510596.311210482671573.3164132194
Total liabilities and equity1,4491,4281,4611,4001,1931,2071,1511,0109704751,1971,2681,328
Owned
Fixed assets31029432328427425823521618152.4191159170
Goodwilln/a0.034.447.67.77.9n/an/a23.923.960.299.7106
Intangible assetsn/a0.029.638.435.032.229.426.423.341.9108116115
Investmentsn/an/an/an/an/an/an/a0.032.225.9n/an/an/a
Cash and equivalents29938142349341839934635525918773.3203222
Receivables37432021419211910811610090.9118240238240
Inventory393344355291191205213146146141271248265
Other assets74.588.481.953.6148196212166213n/a254204210
Total assets1,4491,4281,4611,4001,1931,2071,1511,0109704751,1971,2681,328
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.5%21.8%27.9%15.0%
Profit growth, compounded-8.0%n/a9.6%-57.4%
Return on equity, average-1.3%-0.2%15.0%7.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Innovex International's revenue in fiscal 2025?

Innovex International (INVX) reported revenue of $978 million for fiscal 2025, the year ended 31 December 2025, up 48.0% on the year before.

How much did Innovex International earn in fiscal 2025?

Net income was $83 million for fiscal 2025, and diluted earnings per share $1.20.

What is Innovex International's P/E ratio?

At the close of 9 October 2026, Innovex International traded at 31.5 times its earnings over the twelve months to 30 June 2026.

What is Innovex International's market cap?

The market cap of Innovex International was $1.9 billion at the close of 9 October 2026.

How much debt does Innovex International have?

At 30 June 2026 Innovex International carried $19 million of debt and $222 million of cash.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
All 60 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$686.2 billion64.0049.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$398.9 billion55.3558.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$367.9 billion34.4555.9%17.5%18.4%1.440.7%
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$166.9 billion43.7118.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$96.0 billion27.3826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Cummins Inc. CMI$72.0 billion26.7421.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.1 billion38.329.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7414.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$24.0 billion24.459.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.9 billion35.3019.5%18.8%10.5%0.350.2%
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Nordson Corp. NDSN$18.3 billion33.1717.0%26.9%7.0%0.531.0%
ITT Inc. ITT$18.0 billion39.488.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.3 billion33.7013.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.5 billion49.799.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$14.2 billion26.1035.6%17.1%9.3%0.741.2%
CNH Industrial N.V. CNH$14.1 billion45.604.0%n/a0.6%3.332.2%
BWX Technologies, Inc. BWXT$13.2 billion37.2626.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.5921.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.4 billion16.1160.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.8717.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$11.0 billion34.024.7%11.7%3.5%0.660.8%
Donaldson Co. Inc. DCI$10.1 billion22.5925.7%15.4%5.3%0.731.4%
Flowserve Corp. FLS$9.2 billion25.3416.4%8.5%-0.3%0.941.2%
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
7 companies share its SEC industry code (Oil & Gas Field Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-K/A31 December 20231 August 2024EDGAR

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