Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. It provides drilling enhancement tools to optimize drilling performance, increase rate of penetration, and mitigate downhole challenges; and fishing and intervention which supports workover, intervention, drilling and completion activities, as well as manufactures and sells products including external catch tools, internal catch tools, and other related fishing and remedial tools. The company also offers well production solutions comprising products and services that enable artificial lift in wells and provides artificial lift accessory products and services, as well as wellhead penetrators, tubing hangers and adapters, ESP cable management, and spooling services; service, mileage, and others; subsea equipment and engineered systems for offshore applications, including subsea wellheads, subsea connectors, casing connectors, deepwater centralization solutions, and diverter systems; and surface wellhead systems. In addition, it provides well completion portfolio comprising products used to enable a well to be stimulated and put on production, such as liner hanger systems, toe initiation products, frac plugs, completion packers, casing flotation products, and related completion accessories; and well construction portfolio that consists of products designed to ensure the structural integrity of the wellbore. Further, the company offers products utilized to support effective cement placement between the wellbore and casing. It sells and rents its products to international and national oil companies, independent exploration and production companies, and multinational service companies. Its products have applications in the onshore and offshore oil and natural gas wells, including well construction, well completion, and well production and intervention. The company was founded in 2016 and is headquartered in Humble, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $978M | $204M | $83M | $156M | 7.9% | 48.0% | -40.6% |
| 2024 | $661M | $185M | $140M | $80M | 14.6% | 18.9% | 89.8% |
| 2023 | $556M | $130M | $74M | $60M | 22.5% | 18.9% | 16.8% |
| 2022 | $467M | $102M | $63M | $-15M | 25.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 467.19 | 555.54 | 660.80 | 978.25 |
| Operating Revenue | - | 467.19 | 555.54 | 660.80 | 978.25 |
| Cost Of Revenue | - | 309.07 | 360.10 | 428.17 | 674.97 |
| Gross Profit | - | 158.12 | 195.44 | 232.63 | 303.28 |
| Operating Expense | - | 77.66 | 95.46 | 147.39 | 189.54 |
| Selling General And Administration | - | 59.19 | 72.80 | 116.18 | 128.79 |
| Total Expenses | - | 386.73 | 455.56 | 575.56 | 864.51 |
| Operating Income | - | 80.46 | 99.98 | 85.24 | 113.74 |
| Total Operating Income As Reported | - | 75.84 | 97.28 | 49.08 | 132.62 |
| EBITDA | - | 101.92 | 129.93 | 184.77 | 204.35 |
| Normalized EBITDA | - | 106.54 | 132.63 | 135.12 | 188.81 |
| EBIT | - | 76.96 | 99.87 | 145.24 | 131.11 |
| Interest Expense | - | 4.03 | 5.51 | 2.43 | 2.58 |
| Net Interest Income | - | -4.03 | -5.51 | -2.43 | -2.58 |
| Other Non Operating Income Expenses | - | 1.12 | -0.38 | -0.30 | 1.83 |
| Other Income Expense | - | -3.49 | -0.11 | 60 | 17.37 |
| Interest Expense Non Operating | - | 4.03 | 5.51 | 2.43 | 2.58 |
| Net Non Operating Interest Income Expense | - | -4.03 | -5.51 | -2.43 | -2.58 |
| Pretax Income | - | 72.93 | 94.37 | 142.81 | 128.53 |
| Tax Provision | - | 9.65 | 20.44 | 2.49 | 45.23 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.61 | -0.59 | 0.84 | 5.47 |
| Net Income Continuous Operations | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Net Income From Continuing And Discontinued Operation | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Net Income | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Net Income Common Stockholders | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Net Income Including Noncontrolling Interests | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Normalized Income | - | 67.28 | 76.04 | 91.52 | 73.23 |
| Diluted NI Availto Com Stockholders | - | 63.28 | 73.93 | 140.32 | 83.30 |
| Basic Average Shares | - | 15.18 | 15.18 | 49.73 | 69.01 |
| Diluted Average Shares | - | 15.62 | 15.62 | 50.63 | 69.38 |
| Reconciled Depreciation | - | 24.96 | 30.06 | 39.52 | 73.24 |
| Reconciled Cost Of Revenue | - | 302.58 | 352.70 | 419.86 | 662.47 |
| Total Unusual Items | - | -4.61 | -2.70 | 49.64 | 15.54 |
| Total Unusual Items Excluding Goodwill | - | -4.61 | -2.70 | 49.64 | 15.54 |
| Special Income Charges | - | -4.61 | -2.70 | 49.64 | 15.54 |
| Impairment Of Capital Assets | - | 0.96 | 0.27 | 3.52 | 3.43 |
| Restructuring And Mergern Acquisition | - | 2.94 | 2.33 | -52.51 | 20.86 |
| Depreciation Amortization Depletion Income Statement | - | 18.47 | 22.66 | 31.21 | 60.74 |
| Depreciation And Amortization In Income Statement | - | 18.47 | 22.66 | 31.21 | 60.74 |
| Gain On Sale Of Ppe | - | -0.71 | -0.11 | 0.65 | 39.83 |
| Rent Expense Supplemental | - | 11.86 | 9.08 | 13.69 | 53.17 |
| Earnings From Equity Interest | - | 0 | 2.98 | 10.65 | 0 |
| Amortization | 5.32 | 6.39 | - | - | - |
| Amortization Of Intangibles Income Statement | 5.32 | 6.39 | - | - | - |
| Depreciation Income Statement | 12.42 | 12.07 | - | - | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Innovex International, Inc.this co. | INVX | $1.9B | 23.39 | 1.84 | 7.9% | 8.93 |
| NextDecade Corporation | NEXT | $2.3B | -7.49 | 24.07 | -321.4% | -32.95 |
| Sable Offshore Corp. | SOC | $2.1B | - | 5.44 | -76.8% | - |
| ProPetro Holding Corp. | PUMP | $2.0B | 2462.81 | 2.43 | 0.1% | 11.21 |
| Expro Group Holdings N.V. | XPRO | $1.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.40 |
| 1.23 |
| 3.4% |
| 6.33 |
| Kosmos Energy Ltd. | KOS | $1.8B | -2.56 | 3.39 | -132.4% | 26.96 |
| Dorian LPG Ltd. | LPG | $1.7B | 8.95 | 1.52 | 17.0% | 7.24 |
| RPC, Inc. | RES | $1.6B | 50.16 | 1.46 | 2.9% | 6.69 |
| FLEX LNG Ltd. | FLNG | $1.6B | 21.41 | 2.23 | 10.4% | 12.30 |
| Peer Median | - | 21.41 | 2.33 | 1.5% | 7.24 | |
Historically, Feb has averaged the highest return (+12.3%); Apr the lowest (-9.8%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +13.6%Positive MonthJan 2026: +13.63% | +6.0%Positive MonthFeb 2026: +6.04% | -7.4%Negative MonthMar 2026: -7.44% | +13.9%Positive MonthApr 2026: +13.86% | -3.8%Negative MonthMay 2026: -3.82% | -7.2%Negative MonthJun 2026: -7.15% | +13.2%Positive MonthJul 2026: +13.23% | +4.8%*Positive MonthAug 2026: +4.77% | — | — | — | — |
| 2025 | +11.5%Positive MonthJan 2025: +11.52% | +17.5%Positive MonthFeb 2025: +17.52% | -1.9%Neutral MonthMar 2025: -1.91% | -15.9%Negative MonthApr 2025: -15.92% | -8.6%Negative MonthMay 2025: -8.61% | +13.2%Positive MonthJun 2025: +13.19% | +5.1%Positive MonthJul 2025: +5.12% | +5.1%Positive MonthAug 2025: +5.12% | +7.4%Positive MonthSep 2025: +7.42% | +8.3%Positive MonthOct 2025: +8.25% | +9.7%Positive MonthNov 2025: +9.72% | -0.7%Neutral MonthDec 2025: -0.68% |
| 2024 | -13.8%Negative MonthJan 2024: -13.75% | +12.6%Positive MonthFeb 2024: +12.61% | -0.3%Neutral MonthMar 2024: -0.31% | -19.3%Negative MonthApr 2024: -19.31% | +6.4%Positive MonthMay 2024: +6.38% | -3.8%Negative MonthJun 2024: -3.83% | -6.9%Negative MonthJul 2024: -6.88% | -5.8%Negative MonthAug 2024: -5.83% | -10.0%Negative MonthSep 2024: -9.99% | -3.3%Negative MonthOct 2024: -3.34% | +14.7%Positive MonthNov 2024: +14.66% | -14.1%Negative MonthDec 2024: -14.14% |
| 2023 | +13.0%Positive MonthJan 2023: +13.03% | +11.5%Positive MonthFeb 2023: +11.53% | -16.2%Negative MonthMar 2023: -16.23% | -4.9%Negative MonthApr 2023: -4.91% | -18.1%Negative MonthMay 2023: -18.07% | +4.1%Positive MonthJun 2023: +4.12% | +11.3%Positive MonthJul 2023: +11.26% | +6.5%Positive MonthAug 2023: +6.53% | +2.1%Positive MonthSep 2023: +2.14% | -23.1%Negative MonthOct 2023: -23.11% | +2.6%Positive MonthNov 2023: +2.59% | +4.7%Positive MonthDec 2023: +4.73% |
| 2022 | +28.5%Positive MonthJan 2022: +28.51% | +14.0%Positive MonthFeb 2022: +14.04% | +29.5%Positive MonthMar 2022: +29.51% | -22.7%Negative MonthApr 2022: -22.68% | +8.9%Positive MonthMay 2022: +8.86% | -17.9%Negative MonthJun 2022: -17.94% | -0.6%Neutral MonthJul 2022: -0.58% | -13.7%Negative MonthAug 2022: -13.72% | -11.8%Negative MonthSep 2022: -11.79% | +27.5%Positive MonthOct 2022: +27.46% | -5.4%Negative MonthNov 2022: -5.39% | +15.4%Positive MonthDec 2022: +15.42% |
| 2021 | — | — | — | — | +9.4%Positive MonthMay 2021: +9.40% | +0.9%Neutral MonthJun 2021: +0.89% | -15.5%Negative MonthJul 2021: -15.52% | -15.0%Negative MonthAug 2021: -14.98% | +3.6%Positive MonthSep 2021: +3.62% | -6.4%Negative MonthOct 2021: -6.43% | -18.9%Negative MonthNov 2021: -18.89% | +3.0%Positive MonthDec 2021: +2.98% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.