Innovex International, Inc. (INVX) vs Select Water Solutions, Inc. (WTTR)

Innovex International, Inc. and Select Water Solutions, Inc. are both Oil & Gas Equipment & Services companies. Select Water Solutions, Inc. is the larger, with a market value of $2.7B against $2.0B — 1.3× the size. Innovex International, Inc. trades at the lower P/E: 32.0× against 73.7×. Innovex International, Inc. grew revenue faster over the last twelve months: 15.0% against −1.95%. Innovex International, Inc. has the higher net margin (6.17% vs 2.24%) and the higher return on invested capital (7.26% vs 2.30%). Across the 20 metrics below, Innovex International, Inc. leads on 18 and Select Water Solutions, Inc. on 2.

Valuation

Metric INVX WTTR Oil & Gas Equipment & Services median
P/E 32.02 73.67 24.78
P/S 1.97 1.88 1.28
P/B 1.85 2.37 1.85
Price to free cash flow 8.86 n/m 15.03
EV/EBITDA 9.98 11.96 8.93
EV/Sales 1.77 2.04 1.40
Earnings yield 3.12% 1.36% 3.12%
Free cash flow yield 11.29% (2.74%) 5.01%

Profitability

Metric INVX WTTR Oil & Gas Equipment & Services median
Gross margin 32.40% 16.15% 23.27%
Operating margin 10.03% 3.51% 9.34%
Net margin 6.17% 2.24% 4.69%
Free cash flow margin 22.18% (5.17%) 5.05%
Return on equity 5.99% 3.10% 4.92%
Return on assets 4.82% 1.92% 2.37%
Return on invested capital 7.26% 2.30% 4.32%

Growth

Metric INVX WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) 15.03% (1.95%) 6.08%
EPS growth (last fiscal year) (56.68%) (30.00%) —
Revenue growth, 5-year CAGR 21.80% 18.39% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INVX WTTR Oil & Gas Equipment & Services median
Debt to equity 0.02 0.23 0.46
Current ratio 5.01 1.58 2.11
Net debt to EBITDA (0.86) 1.41 0.76

Dividend

Metric INVX WTTR Oil & Gas Equipment & Services median
Dividend yield — 2.75% 2.12%
Payout ratio 0.00 0.25 0.00

Size

Metric INVX WTTR Oil & Gas Equipment & Services median
Market cap 2.00b 2.68b 1.81b

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