Innovex International, Inc. (INVX) vs National Energy Services Reunited (NESR)

Innovex International, Inc. and National Energy Services Reunited are both Oil & Gas Equipment & Services companies. National Energy Services Reunited is the larger, with a market value of $1.9B against $1.7B — 1.1× the size. National Energy Services Reunited trades at the lower P/E: 20.4× against 35.1×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 7.04%. National Energy Services Reunited has the higher net margin (5.77% vs 4.75%) and the higher return on invested capital (8.28% vs 4.60%). Across the 22 metrics below, National Energy Services Reunited leads on 14 and Innovex International, Inc. on 8.

Valuation

Metric INVX NESR Oil & Gas Equipment & Services median
P/E 35.10 20.41 20.53
P/S 1.67 1.20 1.08
P/B 1.61 1.86 1.64
Price to free cash flow 7.72 11.97 12.36
EV/EBITDA 8.74 7.00 8.00
EV/Sales 1.51 1.26 1.29
Earnings yield 2.85% 4.90% 3.88%
Free cash flow yield 12.95% 8.35% 5.18%

Profitability

Metric INVX NESR Oil & Gas Equipment & Services median
Gross margin 33.56% 13.37% 22.88%
Operating margin 6.85% 9.34% 7.44%
Net margin 4.75% 5.77% 4.12%
Free cash flow margin 0.00% 9.99% 3.10%
Return on equity 0.00% 9.44% 5.46%
Return on assets 3.64% 4.76% 2.63%
Return on invested capital 4.60% 8.28% 4.26%

Growth

Metric INVX NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.04% 23.55% 4.65%
EPS growth (last fiscal year) (56.68%) (35.00%) (13.00%)
Revenue growth, 5-year CAGR 21.80% 9.68% 12.57%
Net income growth, 5-year CAGR 0.00% 0.41% 0.00%

Health

Metric INVX NESR Oil & Gas Equipment & Services median
Debt to equity 0.02 0.26 0.44
Current ratio 4.43 1.02 2.04
Net debt to EBITDA (0.86) 0.77 1.12

Dividend

Metric INVX NESR Oil & Gas Equipment & Services median
Dividend yield — — 1.49%
Payout ratio — — 0.36

Size

Metric INVX NESR Oil & Gas Equipment & Services median
Market cap 1.71b 1.94b 1.44b

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