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. Innovex International, Inc. and National Energy Services Reunited are of similar size ($1.9B and $1.9B). National Energy Services Reunited trades at the lower P/E: 19.9× against 31.5×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 15.0%. Innovex International, Inc. has the higher net margin (6.17% vs 5.77%) and the lower return on invested capital (7.26% vs 8.28%). Across the 22 metrics below, Innovex International, Inc. leads on 11 and National Energy Services Reunited on 11.

Valuation

Metric INVX NESR Oil & Gas Equipment & Services median
P/E 31.49 19.93 22.50
P/S 1.93 1.17 1.17
P/B 1.82 1.81 1.82
Price to free cash flow 8.71 11.68 13.72
EV/EBITDA 9.80 6.84 8.68
EV/Sales 1.74 1.23 1.34
Earnings yield 3.18% 5.02% 3.94%
Free cash flow yield 11.48% 8.56% 5.66%

Profitability

Metric INVX NESR Oil & Gas Equipment & Services median
Gross margin 32.40% 13.37% 23.26%
Operating margin 10.03% 9.34% 9.34%
Net margin 6.17% 5.77% 4.69%
Free cash flow margin 22.18% 9.99% 5.35%
Return on equity 5.99% 9.44% 4.92%
Return on assets 4.82% 4.76% 2.37%
Return on invested capital 7.26% 8.28% 4.32%

Growth

Metric INVX NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 15.03% 23.55% 6.08%
EPS growth (last fiscal year) (56.68%) (35.00%) (13.00%)
Revenue growth, 5-year CAGR 21.80% 9.68% 14.44%
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 0.46
Current ratio 5.01 1.02 2.07
Net debt to EBITDA (0.86) 0.77 0.75

Dividend

Metric INVX NESR Oil & Gas Equipment & Services median
Dividend yield — — 1.51%
Payout ratio — — 0.38

Size

Metric INVX NESR Oil & Gas Equipment & Services median
Market cap 1.92b 1.93b 1.63b

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