Innovex International, Inc. (INVX)
Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. It provides drilling enhancement tools to optimize drilling performance, increase rate of penetration, and mitigate downhole challenges; and fishing and intervention which supports workover, intervention, drilling and completion activities, as well as manufactures and sells products including external catch tools, internal catch tools, and other related fishing and remedial tools. The company also offers well production solutions comprising products and services that enable artificial lift in wells and provides artificial lift accessory products and services, as well as wellhead penetrators, tubing hangers and adapters, ESP cable management, and spooling services; service, mileage, and others; subsea equipment and engineered systems for offshore applications, including subsea wellheads, subsea connectors, casing connectors, deepwater centralization solutions, and diverter systems; and surface wellhead systems. In addition, it provides well completion portfolio comprising products used to enable a well to be stimulated and put on production, such as liner hanger systems, toe initiation products, frac plugs, completion packers, casing flotation products, and related completion accessories; and well construction portfolio that consists of products designed to ensure the structural integrity of the wellbore. Further, the company offers products utilized to support effective cement placement between the wellbore and casing. It sells and rents its products to international and national oil companies, independent exploration and production companies, and multinational service companies. Its products have applications in the onshore and offshore oil and natural gas wells, including well construction, well completion, and well production and intervention. The company was founded in 2016 and is headquartered in Humble, Texas.
- Symbol
- INVX
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $1.94B
- 52 week range
- 17.01 - 33.71
Valuation
- Share price
- $28.42 (close of 2026-09-23)
- P/E (TTM)
- 31.30x
- Price to book
- 1.83x
- Price to free cash flow
- 12.32x
- Enterprise value
- $1.79B
- Book value per share
- $15.37
Price performance
| Period | Change |
|---|
| 1 day | +3.99% |
| 5 days | -5.11% |
| 1 month | -3.07% |
| 3 months | +10.80% |
| 6 months | +15.29% |
| Year to date | +29.95% |
| 1 year | +60.66% |
| 3 years | +2.64% |
| 5 years | +16.38% |
| 10 years | -44.67% |
| All time | +53.62% |
Profitability and growth
- Return on equity
- 7.88%
- Return on invested capital
- 9.36%
- Return on assets
- 6.57%
- Return on capital employed
- 11.84%
- Gross margin
- 31.00%
- Net margin
- 8.51%
- EBITDA margin
- 19.77%
- Revenue growth
- 48.04%
- Net income growth
- -40.64%
- Free cash flow growth
- 104.32%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 8.12%
- Current ratio
- 5.01x
- Net debt to EBITDA
- -0.68x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $978.25M
- Cost of revenue
- $674.97M
- Gross profit
- $303.28M
- EBITDA
- $193.37M
- Net income
- $83.30M
- Earnings per share
- $1.21
- Research and development
- $6.70M
- Interest expense
- $2.58M
- Shares outstanding
- 69.01M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $978.25M | $303.28M | $83.30M | $1.21 |
| 2024-12-31 | $660.80M | $232.63M | $140.32M | $2.82 |
| 2023-12-31 | $555.54M | $195.44M | $73.93M | $2.39 |
| 2022-12-31 | $467.19M | $158.12M | $63.28M | $2.07 |
| 2021-12-31 | $287.90M | $-21.36M | $-128.49M | $-3.63 |
| 2020-12-31 | $334.41M | $64.71M | $-30.77M | $-0.87 |
| 2019-12-31 | $375.30M | $80.29M | $1.72M | $0.05 |
| 2018-12-31 | $337.47M | $43.89M | $-95.69M | $-2.58 |
| 2017-12-31 | $455.47M | $125.23M | $-100.64M | $-2.69 |
| 2016-12-31 | $538.73M | $210.33M | $93.22M | $2.48 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 31.00% | 8.51% | 7.88% | 9.36% |
| 2024-12-31 | 35.20% | 21.24% | 14.65% | 4.77% |
| 2023-12-31 | 35.18% | 13.31% | 22.48% | 38.31% |
| 2022-12-31 | 33.84% | 13.54% | 25.18% | 89.18% |
| 2021-12-31 | -7.42% | -44.63% | -71.17% | - |
| 2020-12-31 | 19.35% | -9.20% | -2.95% | -4.59% |
| 2019-12-31 | 21.39% | 0.46% | 0.16% | 0.20% |
| 2018-12-31 | 13.01% | -28.36% | -8.73% | -15.13% |
| 2017-12-31 | 27.49% | -22.10% | -7.77% | -8.63% |
| 2016-12-31 | 39.04% | 17.30% | 6.87% | 9.67% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $203.41M | - |
| 2024-12-31 | $73.28M | $25.43M |
| 2023-12-31 | $213.23M | - |
| 2022-12-31 | $291.64M | - |
| 2021-12-31 | $355.45M | - |
| 2020-12-31 | $345.95M | - |
| 2019-12-31 | $398.95M | - |
| 2018-12-31 | $418.10M | - |
| 2017-12-31 | $493.18M | - |
| 2016-12-31 | $423.50M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $190.91M | $13.80M |
| 2024-12-31 | $93.44M | $13.25M |
| 2023-12-31 | $43.24M | $1.96M |
| 2022-12-31 | $-24.68M | $907.00K |
| 2021-12-31 | $28.44M | $14.89M |
| 2020-12-31 | $-33.03M | $12.91M |
| 2019-12-31 | $3.18M | $15.72M |
| 2018-12-31 | $13.44M | $13.46M |
| 2017-12-31 | $80.37M | $14.27M |
| 2016-12-31 | $220.76M | $12.22M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $0.37
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-03 | Jun/2026 | $0.30 |
| 2026-05-04 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-05 | - | - |
| 2025-05-06 | - | - |
| 2025-02-25 | - | - |
| 2024-11-07 | - | - |
Filings and sources
- Company website
- innovex-inc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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