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 $2.0B against $1.8B — 1.1× the size. NextDecade Corporation has negative trailing earnings, so its P/E is not meaningful; Innovex International, Inc. trades at 32.0×. 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 32.02 n/m 24.78
P/S 1.97 n/m 1.28
P/B 1.85 0.62 1.85
Price to free cash flow 8.86 n/m 15.03
EV/EBITDA 9.98 n/m 8.93
EV/Sales 1.77 n/m 1.40
Earnings yield 3.12% (20.73%) 3.12%
Free cash flow yield 11.29% (329.40%) 5.01%

Profitability

Metric INVX NEXT Oil & Gas Equipment & Services median
Gross margin 32.40% 0.00% 23.27%
Operating margin 10.03% 0.00% 9.34%
Net margin 6.17% 0.00% 4.69%
Free cash flow margin 22.18% 0.00% 5.05%
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%) —
Revenue growth, 5-year CAGR 21.80% — 10.60%
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 2.11
Net debt to EBITDA (0.86) (58.53) 0.76

Dividend

Metric INVX NEXT Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric INVX NEXT Oil & Gas Equipment & Services median
Market cap 2.00b 1.78b 1.81b

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