NYSE : INVX
Innovex International, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 30 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.10B
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Financial statements
Innovex International, Inc. (INVX) reported revenue of 1.02B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.02B | 978.25M | 660.80M | 555.54M | 467.19M | 294.84M |
| Cost of Revenue | 679.43M | 674.97M | 428.17M | 360.10M | 309.07M | 207.44M |
| Gross Profit | 343.15M | 303.28M | 232.63M | 195.44M | 158.12M | 87.40M |
| Selling, General & Admin | 157.30M | 128.79M | 116.18M | 72.80M | 59.19M | 50.78M |
| Amortization of Goodwill & Intangibles | 5.32M | |||||
| Operating Expenses | 221.75M | 189.53M | 147.39M | 95.46M | 77.66M | 68.52M |
| Operating Income | 121.40M | 113.75M | 85.24M | 99.98M | 80.45M | 18.88M |
| Interest Expense | -654.00K | -2.58M | -2.43M | -5.51M | -4.03M | -2.15M |
| Earnings From Equity Investments | 2.62M | 2.98M | ||||
| Other Non Operating Income (Expenses) | 4.90M | 1.83M | -298.00K | -385.00K | 1.12M | 3.52M |
| EBT Excluding Unusual Items | 126.88M | 112.99M | 85.13M | 97.06M | 77.54M | 20.25M |
| Merger & Restructuring Charges | -8.56M | -17.52M | -33.30M | -2.33M | -2.94M | -4.80M |
| Gain (Loss) on Sale of Investments | 8.04M | |||||
| Gain (Loss) on Sale of Assets | 10.60M | 39.83M | 654.00K | -106.00K | -709.00K | -1.75M |
| Asset Writedown | -3.43M | -3.52M | -266.00K | -964.00K | ||
| Other Unusual Items | -3.34M | 85.81M | ||||
| Pretax Income | 75.55M | 128.53M | 142.81M | 94.37M | 72.93M | 13.70M |
| Income Tax Expense | 26.94M | 45.23M | 2.49M | 20.44M | 9.65M | 3.84M |
| Net Income | 48.61M | 83.30M | 140.32M | 73.93M | 63.28M | 9.85M |
| Net Income to Common | 48.61M | 83.30M | 140.32M | 73.93M | 63.28M | 9.85M |
| Shares Outstanding (Basic) | 69.17M | 69.01M | 49.73M | 30.93M | 30.54M | 14.59M |
| Shares Outstanding (Diluted) | 69.87M | 69.38M | 50.63M | 32.34M | 31.44M | 14.59M |
| EPS (Basic) | 0.70 | 1.21 | 2.82 | 2.39 | 2.07 | 0.68 |
| EPS (Diluted) | 0.69 | 1.20 | 2.77 | 2.29 | 2.01 | 0.68 |
| Free Cash Flow | 120.10M | 155.78M | 79.84M | 60.38M | -15.39M | -8.47M |
| Free Cash Flow Per Share | 1.72 | 2.25 | 1.58 | 1.87 | -0.49 | -0.58 |
| Gross Margin | 33.56% | 31.00% | 35.20% | 35.18% | 33.84% | 29.64% |
| Operating Margin | 11.87% | 11.63% | 12.90% | 18.00% | 17.22% | 6.40% |
| Profit Margin | 4.75% | 8.52% | 21.24% | 13.31% | 13.54% | 3.34% |
| Free Cash Flow Margin | 11.74% | 15.92% | 12.08% | 10.87% | -3.29% | -2.87% |
| EBITDA | 185.84M | 174.49M | 116.45M | 122.64M | 98.92M | 36.61M |
| EBITDA Margin | 18.17% | 17.84% | 17.62% | 22.08% | 21.17% | 12.42% |
| D&A For EBITDA | 64.44M | 60.74M | 31.21M | 22.66M | 18.47M | 17.73M |
| EBIT | 121.40M | 113.75M | 85.24M | 99.98M | 80.45M | 18.88M |
| EBIT Margin | 11.87% | 11.63% | 12.90% | 18.00% | 17.22% | 6.40% |
| Effective Tax Rate | 35.65% | 35.19% | 1.74% | 21.66% | 13.23% | 28.05% |
| Revenue as Reported | 757.53M | 978.25M | 660.80M | 555.54M | 467.19M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 188.76M | 203.41M | 73.28M | 7.41M | 8.42M | 9.74M |
| Short-Term Investments | 6.03M | 12.32M | 9.52M | 5.16M | 3.12M | |
| Cash & Short-Term Investments | 188.76M | 209.43M | 85.59M | 16.93M | 13.57M | 12.86M |
| Accounts Receivable | 251.82M | 240.48M | 244.57M | 118.36M | 123.75M | 80.22M |
| Other Receivables | 20.52M | 21.77M | 3.78M | 2.48M | 2.44M | |
| Receivables | 251.82M | 261.00M | 266.34M | 122.14M | 126.23M | 82.67M |
| Inventory | 299.74M | 248.43M | 271.17M | 141.19M | 136.66M | 92.29M |
| Prepaid Expenses | 6.81M | 8.40M | 3.06M | 3.07M | 2.60M | |
| Other Current Assets | 74.68M | 2.38M | 9.88M | 4.95M | 2.85M | 2.49M |
| Total Current Assets | 815.00M | 728.05M | 641.39M | 288.27M | 282.39M | 192.91M |
| Property, Plant & Equipment | 218.37M | 211.08M | 245.66M | 85.10M | 69.94M | 37.47M |
| Long-Term Investments | 20.02M | |||||
| Goodwill | 99.72M | 60.18M | 23.93M | 23.93M | 16.67M | |
| Other Intangible Assets | 288.37M | 116.23M | 108.36M | 41.81M | 49.84M | 35.93M |
| Long-Term Deferred Tax Assets | 83.13M | 102.38M | 134.54M | 14.02M | 6.71M | |
| Other Long-Term Assets | 10.13M | 10.86M | 7.35M | 2.15M | 3.48M | 1.91M |
| Total Assets | 1.42B | 1.27B | 1.20B | 475.30M | 436.29M | 284.89M |
| Accounts Payable | 82.34M | 60.71M | 65.20M | 32.03M | 41.65M | 38.34M |
| Accrued Expenses | 52.15M | 48.48M | 58.25M | 26.75M | 24.30M | 19.78M |
| Current Portion of Long-Term Debt | 5.00M | 5.00M | 5.00M | 4.00M | ||
| Current Portion of Leases | 19.27M | 19.38M | 16.01M | 12.18M | 9.66M | 1.79M |
| Current Income Taxes Payable | 669.00K | 2.34M | 1.98M | 165.00K | 1.70M | |
| Current Unearned Revenue | 17.55M | 11.99M | 13.46M | |||
| Other Current Liabilities | 12.82M | 6.94M | 2.39M | 670.00K | 4.25M | 3.96M |
| Total Current Liabilities | 184.13M | 148.16M | 162.66M | 78.62M | 85.02M | 69.57M |
| Long-Term Debt | 20.02M | 35.25M | 76.40M | 31.24M | ||
| Long-Term Leases | 55.80M | 59.91M | 50.03M | 32.48M | 23.52M | 2.19M |
| Long-Term Deferred Tax Liabilities | 500.00K | 624.00K | ||||
| Other Long-Term Liabilities | 57.96M | 2.04M | 5.99M | 31.00K | 61.00K | 1.35M |
| Total Liabilities | 297.89M | 210.61M | 239.33M | 146.38M | 185.01M | 104.34M |
| Common Stock | 1.12B | 691.00K | 692.00K | 309.00K | 154.00K | 151.00K |
| Additional Paid-In Capital | 767.65M | 755.08M | 180.63M | 178.83M | 169.22M | |
| Retained Earnings | 285.27M | 211.25M | 145.91M | 71.98M | 8.70M | |
| Comprehensive Income & Other | 4.08M | -8.86M | 2.07M | 318.00K | 2.48M | |
| Shareholders' Equity | 1.12B | 1.06B | 958.16M | 328.92M | 251.28M | 180.55M |
| Total Liabilities & Equity | 1.42B | 1.27B | 1.20B | 475.30M | 436.29M | 284.89M |
| Total Debt | 75.07M | 79.29M | 91.07M | 84.91M | 114.58M | 39.22M |
| Net Cash (Debt) | 113.69M | 130.15M | -5.47M | -67.98M | -101.01M | -26.36M |
| Net Cash Per Share | 1.63 | 1.88 | -0.11 | -2.10 | -3.21 | -1.81 |
| Filing Date Shares Outstanding | 69.96M | 69.14M | 69.26M | 15.39M | 15.37M | 14.59M |
| Total Common Shares Outstanding | 69.96M | 69.08M | 69.18M | 15.37M | 15.37M | 14.59M |
| Working Capital | 630.87M | 579.88M | 478.73M | 209.65M | 197.37M | 123.34M |
| Book Value Per Share | 15.97 | 15.31 | 13.85 | 21.40 | 16.35 | 12.38 |
| Tangible Book Value | 828.75M | 841.75M | 789.62M | 263.18M | 177.51M | 127.95M |
| Tangible Book Value Per Share | 11.85 | 12.19 | 11.41 | 17.12 | 11.55 | 8.77 |
| Land | 13.41M | 25.07M | 1.83M | 1.89M | 1.89M | |
| Buildings | 50.17M | 75.69M | 19.48M | 15.32M | 16.48M | |
| Machinery | 158.21M | 138.18M | 73.56M | 72.65M | 70.06M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 48.61M | 83.30M | 140.32M | 73.93M | 63.28M | 9.85M |
| Depreciation & Amortization | 74.31M | 73.24M | 39.52M | 30.06M | 24.96M | 17.73M |
| Other Amortization | 219.00K | 317.00K | 409.00K | 332.00K | 312.00K | 326.00K |
| Loss (Gain) From Sale of Assets | -10.67M | -40.08M | -939.00K | 533.00K | -771.00K | 1.75M |
| Asset Writedown & Restructuring Costs | 3.43M | 3.52M | 266.00K | 964.00K | ||
| Loss (Gain) on Equity Investments | -7.54M | -1.68M | ||||
| Stock-Based Compensation | 11.39M | 13.80M | 13.25M | 1.96M | 907.00K | 703.00K |
| Other Operating Activities | 83.65M | 37.63M | -90.41M | -7.41M | -9.34M | |
| Change in Accounts Receivable | 10.33M | 17.63M | 13.22M | 5.27M | -37.56M | -27.11M |
| Change in Inventory | 11.30M | 46.62M | 7.87M | -4.53M | -44.21M | -13.95M |
| Change in Accounts Payable | 10.62M | -12.70M | -22.34M | -9.62M | 2.40M | 9.57M |
| Change in Other Net Operating Assets | -91.83M | -32.28M | -3.45M | -13.26M | -6.76M | -901.00K |
| Operating Cash Flow | 147.93M | 190.91M | 93.44M | 75.86M | -5.81M | -2.02M |
| Capital Expenditures | -27.82M | -35.13M | -13.59M | -15.49M | -9.57M | -6.44M |
| Sale of Property, Plant & Equipment | 7.47M | 100.06M | 3.25M | 1.41M | 967.00K | 6.58M |
| Cash Acquisitions | -77.89M | -83.67M | 88.79M | -28.91M | -22.20M | |
| Investment in Securities | -18.35M | |||||
| Investing Cash Flow | -98.24M | -18.74M | 78.44M | -32.43M | -37.52M | -22.06M |
| Long-Term Debt Issued | 144.20M | 187.30M | 254.50M | 151.49M | 76.58M | |
| Long-Term Debt Repaid | -177.16M | -208.48M | -299.46M | -107.19M | -66.19M | |
| Net Debt Issued (Repaid) | -8.37M | -32.96M | -21.18M | -44.96M | 44.30M | 10.38M |
| Issuance of Common Stock | 3.33M | |||||
| Repurchase of Common Stock | -15.77M | -10.50M | -10.23M | -1.29M | -331.00K | |
| Common Dividends Paid | -74.98M | |||||
| Other Financing Activities | -709.00K | -1.46M | 393.00K | -719.00K | ||
| Financing Cash Flow | -24.84M | -44.92M | -103.07M | -44.56M | 42.28M | 10.05M |
| Foreign Exchange Rate Adjustments | 544.00K | 2.88M | -2.94M | 118.00K | -272.00K | -145.00K |
| Net Cash Flow | 25.39M | 130.13M | 65.87M | -1.01M | -1.32M | -14.18M |
| Free Cash Flow | 120.10M | 155.78M | 79.84M | 60.38M | -15.39M | -8.47M |
| Free Cash Flow Margin | 11.74% | 15.92% | 12.08% | 10.87% | -3.29% | -2.87% |
| Free Cash Flow Per Share | 1.72 | 2.25 | 1.58 | 1.87 | -0.49 | -0.58 |
| Levered Free Cash Flow | 87.45M | 146.02M | -112.90M | 64.46M | -17.81M | |
| Unlevered Free Cash Flow | 87.64M | 147.32M | -111.79M | 67.57M | -15.60M | |
| Cash Interest Paid | 1.02M | 1.99M | 5.75M | 3.15M | 1.64M | |
| Cash Income Tax Paid | 1.33M | 10.05M | 5.60M | 28.40M | 14.98M | -29.00K |
| Change in Working Capital | -59.58M | 19.28M | -4.70M | -22.13M | -86.12M | -32.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.82B | 1.51B | 966.21M | |||
| Enterprise Value | 1.71B | 1.42B | 924.30M | |||
| Last Close Price | 28.08 | 21.87 | 13.97 | |||
| PE Ratio | 37.56 | 18.10 | 6.89 | |||
| Forward PE | 15.18 | 15.32 | 13.12 | |||
| PS Ratio | 1.78 | 1.54 | 1.46 | |||
| PB Ratio | 1.76 | 1.43 | 1.01 | |||
| P/TBV Ratio | 2.20 | 1.79 | 1.22 | |||
| P/FCF Ratio | 15.17 | 9.68 | 12.10 | |||
| P/OCF Ratio | 12.32 | 7.90 | 10.34 | |||
| EV/Sales Ratio | 1.67 | 1.45 | 1.40 | |||
| EV/EBITDA Ratio | 9.19 | 8.14 | 7.94 | |||
| EV/EBIT Ratio | 14.07 | 12.49 | 10.84 | |||
| EV/FCF Ratio | 14.22 | 9.12 | 11.58 | |||
| Debt / Equity Ratio | 0.07 | 0.07 | 0.10 | 0.26 | 0.46 | 0.22 |
| Debt / EBITDA Ratio | 0.34 | 0.40 | 0.71 | 0.64 | 1.07 | 1.07 |
| Debt / FCF Ratio | 0.62 | 0.51 | 1.14 | 1.41 | ||
| Net Debt / Equity Ratio | -0.10 | -0.12 | 0.01 | 0.21 | 0.40 | 0.15 |
| Net Debt / EBITDA Ratio | -0.61 | -0.75 | 0.05 | 0.55 | 1.02 | 0.72 |
| Net Debt / FCF Ratio | -0.95 | -0.83 | 0.07 | 1.13 | -6.57 | -3.11 |
| Asset Turnover | 0.77 | 0.79 | 0.79 | 1.22 | 1.30 | |
| Inventory Turnover | 2.36 | 2.60 | 2.08 | 2.59 | 2.70 | |
| Quick Ratio | 2.39 | 3.17 | 2.16 | 1.77 | 1.64 | 1.37 |
| Current Ratio | 4.43 | 4.91 | 3.94 | 3.67 | 3.32 | 2.77 |
| Return on Equity (ROE) | 4.51% | 8.26% | 21.80% | 25.48% | 29.31% | |
| Return on Assets (ROA) | 5.69% | 5.77% | 6.37% | 13.71% | 13.94% | |
| Return on Invested Capital (ROIC) | 8.19% | 7.80% | 12.31% | 20.91% | 24.97% | 6.56% |
| Return on Capital Employed (ROCE) | 9.90% | 10.20% | 8.20% | 25.20% | 22.90% | 8.80% |
| Earnings Yield | 2.66% | 5.53% | 14.52% | |||
| FCF Yield | 6.59% | 10.33% | 8.26% | |||
| Payout Ratio | 53.44% | |||||
| Buyback Yield / Dilution | 8.23% | -37.04% | -56.55% | -2.85% | -115.52% |