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Innovex International, Inc.

Innovex International, Inc.

NYSE•INVX
CEO: Mr. Adam B. Anderson
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 1997-10-23
Innovex International, Inc. designs, manufactures, installs, rents, and sells a suite of well-centric engineered products to oil and gas industries worldwide. It offers well construction products, including centralizers, float equipment, inflatable packers, stage tools and cementing, specialty deployment, swivel tools, reamers, and other related products, as well as deepwater solutions; and well completion products, such as liner hangers, toe sleeves, frac plugs, casing flotation subs, production and service tools, and inflatable service and completion packers. The company also provides well production and intervention products comprising wellhead penetrators, wellhead hangers and adapters, and well intervention tools, as well as spooling services. In addition, it offers wellhead systems; drilling and deployment products; connectors and gas lift systems; and external and internal catchers, junk catchers, milling and cutting tools, stroking tools, safety joints, wireline equipment, and remedial and repair tools. The company's products are used in onshore and offshore oil and natural gas well applications. The company was founded in 2016 and is headquartered in Humble, Texas.
Contact Information
19120 Kenswick Drive, Humble, TX, 77338, United States
(346)-398-0000
www.innovex-inc.com
Market Cap
$1.52B
P/E (TTM)
15.0
18.1
Dividend Yield
--
52W High
$24.31
52W Low
$11.93
52W Range
82%
Rank41Top 33.6%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$240.00M+58.09%
4-Quarter Trend

EPS

$0.57-71.92%
4-Quarter Trend

FCF

$36.52M+82.15%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Surge Nine months revenue hit $704.6M, marking a 72% increase, primarily due to DWS, SCF, and Citadel acquisitions.
Operating Cash Flow Soars Net cash provided by operations soared 143% to $138.7M for the nine months ended September 30, 2025.
Underlying Profitability Growth Adjusted EBITDA increased 52% to $136.2M for nine months, reflecting strong operational performance excluding one-time items.
Free Cash Flow Doubled Free cash flow grew 120% to $112.5M for nine months, demonstrating strong cash generation post-acquisitions.

Risk Factors

Acquisition Integration Costs Acquisition and integration costs totaled $13.1M for nine months, reflecting expenses from recent DWS, SCF, and Citadel transactions.
Oil Market Volatility Exposure Business performance remains tied to volatile oil and natural gas spending influenced by geopolitical instability and OPEC+ actions.
Effective Tax Rate Shift Effective tax rate increased significantly to 32.3% for three months 2025 versus (3.2)% in 2024 due to discrete items.
Litigation Holdback Remains $0.5M of the Impulse Litigation Holdback Amount remains unused as loss estimation is currently not reasonably possible.

Outlook

Share Repurchase Authorization Company maintains $90.7M remaining authorization for share repurchases under the newly approved $100M program.
Strong Liquidity Position Total debt stands at $26.4M as of September 30, 2025; zero borrowings currently outstanding on the Revolving Credit Facility.
International Market Focus Focus remains on increasing revenue from International and Offshore markets, targeting long-cycle investment horizons globally.
Assessing New Tax Legislation Management is currently assessing the impact of the recently enacted One Big Beautiful Bill Act (OBBBA) on future tax structure.

Peer Comparison

Revenue (TTM)

MRC Global Inc.MRC
$2.76B
-13.7%
Enerflex Ltd.EFXT
$2.17B
-1.7%
Expro Group Holdings N.V.XPRO
$1.66B
-1.2%

Gross Margin (Latest Quarter)

Vermilion Energy Inc.VET
58.9%
+6.0pp
Innovex International, Inc.INVX
31.6%
-3.1pp
Bristow Group Inc.VTOL
28.2%
+1.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EFXT$1.88B14.512.0%25.3%
XPRO$1.55B22.44.6%8.2%
NESR$1.52B21.67.5%19.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.4%
Flat Growth
4Q Net Income CAGR
7.3%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$0.29
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $240.00M+58.1%
    |
    EPS: $0.57-71.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $224.23M+86.3%
    |
    EPS: $0.22-518.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $240.42M+118.0%
    |
    EPS: $0.21-136.2%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $660.80M+18.9%
    |
    EPS: $2.82+31.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $151.82M+29.5%
    |
    EPS: $2.03-1066.7%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $120.34M+34.3%
    |
    EPS: $-0.05-152.6%
    Miss
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Aug 1, 2024|
    Revenue: $555.54M+18.9%
    |
    EPS: $2.15-48.4%
    Beat
  • Form 10-Q/A - Q1 2024

    Period End: Mar 31, 2024|Filed: Jul 8, 2024|
    Revenue: $110.30M+21.4%
    |
    EPS: $-0.58-956.7%
    Miss