Pricing Log in Create free account
Saturday 17 October 2026 Export INVX’s income statement to Excel — free account

Innovex International, Inc.

INVX Energy Oil & Gas Equipment & Services

In the quarter to June 2026, revenue grew 9.21%, EPS grew 63.6%, free cash flow fell 39.8% and total debt fell 38.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

28.03 0.64 +2.34%
Market cap
$1.9B
P/E
31.5×
Fwd P/E
12.0×
Dividend yield
—
F-score
6/9
Altman Z
6.28
Beneish M
−2.64
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 614.65
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — 2 4 — — — 1 — 3 — —
Insider Ownership 25.75%

Capital & Financial Ratios $m

Market Cap 1,920.00
Revenue 997.53
Net Income 61.56
Free Cash Flow 221.27
Net Debt (196.97)
Current Ratio 5.01 (at or above 1.5: strong)
Debt/Equity 0.02 (at or below 0.5: strong)
P/E ratio 31.49
Fwd P/E 12.00
P/S ratio 1.93
P/B ratio 1.82
Past 5Y EPS Growth —
This Y EPS Growth 39.67% (at or above 15%: strong)
Next Y EPS Growth 15.53% (at or above 15%: strong)
Next Y revenue growth 4.06%
Next 5Y EPS Growth 23.60% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.7×, against a ten-year median of 1.9×; over the ten years it ranged from 0.6× in 2024 to 3.8× in 2019.
P/E against its own 10 years 79.77%
10-year low 10-year high
P/S against its own 10 years 29.23%
10-year low 10-year high
P/B against its own 10 years 94.95%
10-year low 10-year high
EV/Sales against its own 10 years 45.26%
10-year low 10-year high
EV/FCF against its own 10 years 24.23%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 73 203 222
Receivables 118 240 238 240
Inventory 141 271 248 265
Other 10 10 3 3
288 641 728 789
2023 2024 2025 Q'26
Payables 32 65 61 77
ST’ Debt 10 10 7 6
Other 1 16 19 24
79 163 148 158

Compound Annual Growth %

10y 5y 3y
Sales 1.48% 21.80% 27.93%
Cash Flow 0.04% 0.00% 0.00%
Earnings (8.01%) 0.00% 9.60%
Book Value (2.22%) 0.31% 6.63%

Revenue $m

Mar Jun Sep Dec Year
’26 239 245 — — —
’25 240 224 240 274 978
’24 128 130 152 251 661
’23 91 90 139 236 556
’22 83 94 88 202 467
’21 81 81 83 77 322
’20 96 90 91 87 365
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 20 37 — — —
’25 31 59 48 52 191
’24 13 23 22 36 93
’23 (53) 11 96 21 76
’22 (11) (9) 1 13 (6)
’21 13 11 9 5 38
’20 (21) 3 14 (17) (21)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 14 36 — — —
’25 25 60 126 45 256
’24 10 22 21 30 83
’23 (43) 2 82 21 62
’22 (13) (10) 9 0 (14)
’21 17 8 7 3 35
’20 (25) 1 12 (16) (27)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.24) 0.36 — — —
’25 0.21 0.22 0.57 0.20 1.20
’24 0.51 0.30 1.99 0.47 2.77
’23 0.07 0.10 0.48 1.64 2.29
’22 (0.26) (0.16) 0.44 2.04 2.01
’21 (0.97) (0.54) (0.31) (1.81) (3.62)
’20 (0.55) (0.40) 0.41 (0.33) (0.87)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 46.90 35.85 26.62 29.24 22.25 18.17 19.10 20.56 12.54 11.93

Analyst estimates 2026–2028

Powerpack
High 69.40 67.95 58.95 56.71 48.39 40.62 41.23 35.95 25.19 24.31
People
People Employees 2,319 2,019 1,926 1,814 1,424 1,342 1,356 1,659 2,683 2,160
Revenue/emp, $m 0.23 0.23 0.20 0.23 0.26 0.24 0.34 0.33 0.25 0.45
Income, $m
Income, $m Revenue 539 455 385 415 365 322 467 556 661 978
Gross margin, % 39.04 27.49 23.67 28.88 26.10 4.09 33.84 35.18 35.20 31.00
EBT 116 (66) (115) 10 (62) (126) 73 94 143 129
EBT margin, % 21.51 (14.41) (29.90) 2.51 (17.00) (38.94) 15.61 16.99 21.61 13.14
Net income 93 (101) (96) 2 (31) (128) 63 74 140 83
Depreciation 32 41 35 34 32 30 25 30 40 74
Per share, $
Per share, $ Revenue 14.35 12.16 10.37 11.57 10.35 9.13 15.30 17.96 13.29 14.18
Earnings 2.47 (2.69) (2.58) 0.05 (0.87) (3.62) 2.07 2.39 2.82 1.21
Cash flow 6.57 2.88 1.23 0.41 (0.60) 1.09 (0.19) 2.45 1.88 2.77
Capex (0.68) (0.65) (0.41) (0.24) (0.16) (0.09) (0.28) (0.46) (0.21) 0.94
Free cash flow 5.89 2.23 0.82 0.17 (0.76) 1.00 (0.47) 2.00 1.67 3.71
Book value 36.14 34.56 29.57 30.43 29.54 25.39 28.56 10.63 19.27 15.33
Shares, m 38 37 37 36 35 35 31 31 50 69
Valuation, ×
Valuation, × P/E 24.82 0.00 0.00 938.20 0.00 0.00 12.26 9.53 4.19 18.23
P/S 4.27 4.07 2.89 4.05 2.86 2.16 1.71 1.27 1.05 1.54
P/B 1.70 1.43 1.02 1.54 1.00 0.78 0.91 2.14 0.73 1.43
EV/Sales 3.49 2.98 1.81 3.11 1.93 1.07 1.08 1.35 0.99 1.36
EV/FCF 8.49 16.27 22.92 207.55 (26.41) 9.79 (35.07) 12.09 7.90 5.20
Cash, $m
Cash, $m Operating cash flow 247 108 46 15 (21) 38 (6) 76 93 191
Capex (25) (24) (15) (8) (6) (3) (9) (14) (10) 65
Free cash flow 221 84 30 6 (27) 35 (14) 62 83 256
Balance, $m
Balance, $m Working capital 955 909 771 784 778 652 662 210 479 580
Total debt — — — 6 7 5 5 50 35 26
Net debt (423) (493) (418) (393) (339) (350) (292) 43 (38) (178)
Shareholders’ equity 1,356 1,294 1,096 1,091 1,042 897 872 329 958 1,058
Returns, %
Returns, % ROA 6.45 (7.03) (7.38) 0.14 (2.61) (11.89) 6.39 10.23 16.78 6.76
ROIC 7.56 (5.39) (11.31) 0.25 (5.65) (14.33) 8.17 16.35 3.33 9.42
ROE 6.95 (7.59) (8.01) 0.16 (2.89) (13.26) 7.15 12.31 21.81 8.26
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Innovex International, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LBRT Liberty Energy Inc. $2.7B 22.1× 72.8× +14.01% (above 0%: growing) −40.91% (below 0%: shrinking) −342.02% (below 0%: shrinking) 17.53% 1.07% Compare
WTTR Select Water Solutions, Inc. $2.4B 69.0× 46.2× +8.67% (above 0%: growing) +70.00% (above 0%: growing) +56.98% (above 0%: growing) 19.41% 8.68% Compare
NESR National Energy Services Reunited $1.9B 19.9× 14.9× +59.07% (above 0%: growing) +175.00% (above 0%: growing) +45.79% (above 0%: growing) 15.61% 12.45% Compare
INVX Innovex International, Inc. $1.9B 31.5× 12.0× +9.21% (above 0%: growing) +63.64% (above 0%: growing) −39.84% (below 0%: shrinking) 34.16% 13.79%
XPRO Expro Group Holdings N.V. $1.8B 91.4× 20.6× −6.99% (below 0%: shrinking) −88.81% (below 0%: shrinking) +56.10% (above 0%: growing) 20.86% 2.64% Compare
FLOC Flowco Holdings Inc. $1.7B 11.7× 16.2× +22.07% (above 0%: growing) +38.10% (above 0%: growing) +7.07% (above 0%: growing) 53.60% 17.48% Compare
NEXT NextDecade Corporation $1.6B — (loss-making) — — n/m −35.67% (below 0%: shrinking) 0.00% 0.00% Compare
HOS Hornbeck Offshore Services Inc $1.5B 25.4× 30.5× +20.79% (above 0%: growing) n/m +320.12% (above 0%: growing) 18.49% 8.79% Compare
RES RPC, Inc. $1.3B 64.4× 31.0× +9.52% (above 0%: growing) 0.00% −46.52% (below 0%: shrinking) 24.99% 3.21% Compare
Median of peers $1.7B 25.4× 30.5× +14.01% +19.05% +26.43% 18.95% 5.95%

All 46 Oil & Gas Equipment & Services stocks →

Innovex International, Inc. (INVX) key facts

  • Innovex International, Inc. (INVX) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, INVX traded at $28.03, a market capitalization of $1.9 billion.
  • Return on equity was 8.26% and debt-to-equity 0.02.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.28 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Innovex International, Inc. (INVX) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/INVX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com