Innovex International, Inc. (INVX) vs NextDecade Corporation (NEXT)

Innovex International, Inc. and NextDecade Corporation are both Oil & Gas Equipment & Services companies. Innovex International, Inc. is the larger, with a market value of $1.9B against $1.6B — 1.2× the size. NextDecade Corporation has negative trailing earnings, so its P/E is not meaningful; Innovex International, Inc. trades at 31.5×. Innovex International, Inc. has the higher net margin (6.17% vs 0.00%) and the higher return on invested capital (7.26% vs −1.12%). Across the 14 metrics below, Innovex International, Inc. leads on 12 and NextDecade Corporation on 2.

Valuation

Metric INVX NEXT Oil & Gas Equipment & Services median
P/E 31.49 n/m 22.50
P/S 1.93 n/m 1.17
P/B 1.82 0.59 1.82
Price to free cash flow 8.71 n/m 13.72
EV/EBITDA 9.80 n/m 8.68
EV/Sales 1.74 n/m 1.34
Earnings yield 3.18% (21.73%) 3.94%
Free cash flow yield 11.48% (345.19%) 5.66%

Profitability

Metric INVX NEXT Oil & Gas Equipment & Services median
Gross margin 32.40% 0.00% 23.26%
Operating margin 10.03% 0.00% 9.34%
Net margin 6.17% 0.00% 4.69%
Free cash flow margin 22.18% 0.00% 5.35%
Return on equity 5.99% (15.32%) 4.92%
Return on assets 4.82% (3.11%) 2.37%
Return on invested capital 7.26% (1.12%) 4.32%

Growth

Metric INVX NEXT Oil & Gas Equipment & Services median
Revenue growth (TTM) 15.03% — 6.08%
EPS growth (last fiscal year) (56.68%) (387.50%) (13.00%)
Revenue growth, 5-year CAGR 21.80% — 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INVX NEXT Oil & Gas Equipment & Services median
Debt to equity 0.02 3.70 0.46
Current ratio 5.01 0.37 2.07
Net debt to EBITDA (0.86) (58.53) 0.75

Dividend

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

Size

Metric INVX NEXT Oil & Gas Equipment & Services median
Market cap 1.92b 1.60b 1.63b

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