Innovex International, Inc. (INVX)

NYSE Energy Oil & Gas Equipment & Services S&P SmallCap 600

$25.13

+0.70 (+2.87%)

Close of Nov 06, 2026 · end-of-day data

Source: Innovex International, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$538.73M	$455.47M	$337.47M	$375.30M	$334.41M	$287.90M	$467.19M	$555.54M	$660.80M	$978.25M
Cost of revenue	$328.40M	$330.24M	$293.57M	$295.01M	$269.70M	$309.27M	$309.07M	$360.10M	$428.17M	$674.97M
Gross profit	$210.33M	$125.23M	$43.89M	$80.29M	$64.71M	-$21.36M	$158.12M	$195.44M	$232.63M	$303.28M
Research & development	—	—	—	—	—	—	$2.50M	$3.00M	$3.70M	$6.70M
Selling, general & admin	$53.25M	$113.59M	$102.10M	$98.41M	$95.06M	$115.04M	$59.19M	$72.80M	$116.18M	$128.79M
Operating income	$112.86M	-$69.14M	-$122.74M	$2.80M	-$63.56M	-$125.33M	$75.84M	$97.28M	$49.08M	$132.62M
Interest expense	$28.00K	$72.00K	$291.00K	$314.00K	$621.00K	$787.00K	$4.03M	$5.51M	$2.43M	$2.58M
Pre-tax income	$115.87M	-$65.64M	-$114.99M	$10.43M	-$62.05M	-$125.55M	$72.93M	$94.37M	$142.81M	$128.53M
Income tax	$22.65M	$34.99M	-$19.29M	$8.71M	-$31.28M	$2.95M	$9.65M	$20.44M	$2.49M	$45.23M
Net income	$93.22M	-$100.64M	-$95.69M	$1.72M	-$30.77M	-$128.49M	$63.28M	$73.93M	$140.32M	$83.30M
EBITDA	$144.72M	-$28.16M	-$87.43M	$36.82M	-$31.17M	-$94.95M	$94.31M	$119.94M	$80.28M	$193.37M
EPS (basic)	$2.48	$-2.69	$-2.58	$0.05	$-0.87	$-3.63	$2.07	$2.39	$2.82	$1.21
EPS (diluted)	$2.47	$-2.69	$-2.58	$0.05	$-0.87	$-3.63	$2.01	$2.29	$2.77	$1.20
Diluted shares	37.67M	37.46M	37.08M	36.15M	35.26M	35.33M	31.44M	32.34M	50.63M	69.38M
Gross margin	39.0%	27.5%	13.0%	21.4%	19.4%	-7.4%	33.8%	35.2%	35.2%	31.0%
Operating margin	20.9%	-15.2%	-36.4%	0.7%	-19.0%	-43.5%	16.2%	17.5%	7.4%	13.6%
Net margin	17.3%	-22.1%	-28.4%	0.5%	-9.2%	-44.6%	13.5%	13.3%	21.2%	8.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$423.50M	$493.18M	$418.10M	$398.95M	$345.95M	$355.45M	$259.41M	$187.32M	$73.28M	$203.41M
Short-term investments	—	—	—	—	—	$0	$32.23M	$25.91M	—	—
Receivables	$213.51M	$191.63M	$118.66M	$107.63M	$116.20M	$100.49M	$90.86M	$118.36M	$239.51M	$237.77M
Inventory	$355.41M	$291.09M	$191.19M	$205.06M	$212.54M	$145.72M	$146.00M	$141.19M	$271.17M	$248.43M
Total current assets	$1.06B	$1.01B	$852.98M	$880.49M	$863.19M	$745.05M	$750.02M	$288.27M	$641.39M	$728.05M
Goodwill	$34.37M	$47.62M	$7.71M	$7.95M	—	—	$23.93M	$23.93M	$60.18M	$99.72M
Total assets	$1.46B	$1.40B	$1.19B	$1.21B	$1.15B	$1.01B	$969.95M	$475.30M	$1.20B	$1.27B
Total current liabilities	$101.48M	$99.91M	$81.54M	$96.94M	$85.51M	$93.66M	$87.56M	$78.62M	$162.66M	$148.16M
Short-term debt	—	—	—	—	—	—	—	$9.82M	$10.47M	$6.71M
Long-term debt	—	—	—	—	—	—	—	$40.57M	$25.43M	$18.92M
Total debt	—	—	—	—	—	—	—	$50.39M	$35.90M	$25.63M
Total liabilities	$104.98M	$105.34M	$96.35M	$115.86M	$109.64M	$113.32M	$97.60M	$146.38M	$239.33M	$210.61M
Shareholders' equity	$1.36B	$1.29B	$1.10B	$1.09B	$1.04B	$180.55M	$251.28M	$328.92M	$958.16M	$1.06B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$246.52M	$107.99M	$45.50M	$14.68M	-$21.09M	$38.43M	-$5.81M	$75.86M	$93.44M	$190.91M
Capital expenditures	$25.76M	$27.62M	$32.06M	$11.50M	$11.94M	$9.99M	$18.87M	$32.63M	—	—
Free cash flow	$220.76M	$80.37M	$13.44M	$3.18M	-$33.03M	$28.44M	-$24.68M	$43.24M	$93.44M	$190.91M
Investing cash flow	-$157.85M	-$44.89M	-$15.17M	-$8.47M	-$5.63M	-$3.21M	-$37.52M	-$32.43M	$78.44M	-$18.74M
Financing cash flow	-$21.89M	$560.00K	-$99.20M	-$24.57M	-$25.18M	-$24.30M	$42.28M	-$44.56M	-$103.07M	-$44.92M
Dividends paid	—	—	—	—	—	—	$0	$0	$74.98M	$0
Share buybacks	$24.23M	$0	$100.00M	$26.57M	$25.00M	$24.19M	$20.81M	$0	—	—
Stock-based compensation	$12.22M	$14.27M	$13.46M	$15.72M	$12.91M	$14.89M	$907.00K	$1.96M	$13.25M	$13.80M
Depreciation & amortization	$31.86M	$40.97M	$35.31M	$34.02M	$32.39M	$30.38M	$18.47M	$22.66M	$31.21M	$60.74M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$133.19M	$128.00M	$130.30M	$151.82M	$250.69M	$240.41M	$224.23M	$240.00M	$273.60M	$239.03M	$244.90M	$265.05M
Cost of revenue	$84.74M	$78.91M	$84.31M	$99.14M	$165.82M	$163.91M	$152.51M	$164.06M	$194.49M	$154.52M	$161.25M	$169.18M
Gross profit	$48.45M	$49.09M	$45.99M	$52.68M	$84.87M	$76.50M	$71.72M	$75.94M	$79.11M	$84.51M	$83.65M	$95.88M
Selling, general & admin	$18.69M	$21.34M	$18.58M	$37.98M	$38.28M	$32.35M	$28.84M	$35.57M	$32.03M	$41.75M	$39.09M	$44.43M
Operating income	$23.30M	$22.31M	$13.07M	-$13.22M	$26.91M	$21.85M	$22.70M	$62.28M	$25.80M	-$21.83M	$33.78M	$32.33M
Interest expense	$792.00K	$719.00K	$607.00K	$729.00K	$375.00K	$700.00K	$551.00K	-$677.00K	$4.51M	-$388.00K	-$653.00K	$192.00K
Pre-tax income	$23.49M	$21.54M	$13.86M	$80.00M	$27.41M	$21.36M	$22.24M	$57.96M	$26.97M	-$21.59M	$35.41M	$34.77M
Income tax	$5.04M	$5.12M	$4.33M	-$2.59M	-$4.38M	$6.61M	$6.89M	$18.73M	$13.00M	-$4.92M	$10.38M	$8.48M
Net income	$18.45M	$16.42M	$9.53M	$82.59M	$31.79M	$14.76M	$15.35M	$39.23M	$13.97M	-$16.67M	$25.03M	$26.29M
EBITDA	$29.39M	$27.10M	$19.66M	-$5.43M	$38.95M	$36.80M	$37.67M	$77.65M	$41.26M	-$5.61M	$49.99M	$48.87M
EPS (basic)	$0.60	$0.53	$0.31	$2.03	$-0.36	$0.21	$0.22	$0.57	$0.21	$-0.24	$0.36	$0.38
EPS (diluted)	$0.56	$0.51	$0.30	$1.99	$-0.31	$0.21	$0.22	$0.57	$0.20	$-0.24	$0.36	$0.37
Diluted shares	285.17K	32.29M	32.32M	41.53M	15.34M	69.48M	69.15M	69.27M	76.34K	68.94M	69.52M	70.65M
Gross margin	36.4%	38.4%	35.3%	34.7%	33.9%	31.8%	32.0%	31.6%	28.9%	35.4%	34.2%	36.2%
Operating margin	17.5%	17.4%	10.0%	-8.7%	10.7%	9.1%	10.1%	26.0%	9.4%	-9.1%	13.8%	12.2%
Net margin	13.9%	12.8%	7.3%	54.4%	12.7%	6.1%	6.8%	16.3%	5.1%	-7.0%	10.2%	9.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$187.32M	$198.20M	$185.63M	$99.89M	$73.28M	$68.12M	$68.78M	$163.37M	$203.41M	$200.71M	$222.06M	$188.76M
Short-term investments	$25.91M	$4.02M	$0	—	—	—	—	—	—	—	—	—
Receivables	$118.36M	$137.13M	$154.18M	$225.07M	$239.51M	$236.02M	$220.97M	$220.41M	$237.77M	$245.63M	$240.09M	$251.82M
Inventory	$141.19M	$209.16M	$204.73M	$297.52M	$271.17M	$269.25M	$278.50M	$275.20M	$248.43M	$252.99M	$264.84M	$299.74M
Total current assets	$288.27M	$715.14M	$707.55M	$677.33M	$641.39M	$632.64M	$670.11M	$710.35M	$728.05M	$752.89M	$788.53M	$815.00M
Goodwill	$23.93M	$16.29M	$16.12M	$23.93M	$60.18M	$75.57M	$94.14M	$95.38M	$99.72M	$99.76M	$106.00M	$138.78M
Total assets	$475.30M	$1.02B	$1.01B	$1.13B	$1.20B	$1.20B	$1.23B	$1.25B	$1.27B	$1.29B	$1.33B	$1.42B
Total current liabilities	$78.62M	$133.56M	$126.43M	$174.81M	$162.66M	$145.82M	$145.75M	$148.71M	$148.16M	$147.76M	$157.51M	$184.13M
Short-term debt	$9.82M	—	—	$10.70M	$10.47M	$5.56M	$5.94M	$6.32M	$6.71M	$6.17M	$6.04M	$5.87M
Long-term debt	$40.57M	—	—	$12.35M	$25.43M	$19.68M	$34.78M	$20.09M	$18.92M	$18.04M	$19.04M	$18.27M
Total debt	$50.39M	—	—	$23.05M	$35.90M	$25.23M	$40.72M	$26.41M	$25.63M	$24.21M	$25.08M	$24.15M
Total liabilities	$146.38M	$163.66M	$155.63M	$228.43M	$239.33M	$217.63M	$231.53M	$214.96M	$210.61M	$256.77M	$269.25M	$297.89M
Shareholders' equity	$328.92M	$344.30M	$352.50M	$904.35M	$958.16M	$978.38M	$995.55M	$1.04B	$1.06B	$1.03B	$1.06B	$1.12B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$21.39M	$12.61M	$22.77M	$21.72M	$36.34M	$31.09M	$59.21M	$48.37M	$52.24M	$19.84M	$37.03M	$38.82M
Capital expenditures	$11.59M	$4.76M	$6.16M	—	—	—	—	—	—	—	—	—
Free cash flow	$9.80M	$7.85M	$16.61M	$21.72M	$36.34M	$31.09M	$59.21M	$48.37M	$52.24M	$19.84M	$37.03M	$38.82M
Investing cash flow	-$820.00K	-$2.23M	-$1.09M	$153.72M	-$71.95M	-$23.47M	-$62.87M	$77.56M	-$9.96M	-$5.62M	-$13.22M	-$69.43M
Financing cash flow	-$21.53M	-$10.26M	-$18.66M	-$85.29M	$11.14M	-$13.40M	$2.44M	-$31.18M	-$2.79M	-$16.91M	-$2.39M	-$2.76M
Dividends paid	$0	—	—	—	$0	—	—	—	$0	—	—	—
Share buybacks	$0	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	$470.00K	$468.00K	$448.00K	$10.91M	$1.42M	$1.77M	$3.76M	$3.24M	$5.03M	$2.97M	$3.39M	$3.37M
Depreciation & amortization	$6.08M	$4.79M	$6.59M	$7.79M	$12.04M	$14.95M	$14.97M	$15.36M	$15.46M	$16.22M	$16.21M	$16.55M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.