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Innovex International, Inc.

INVXEnergyNASDAQ

Oil & Gas Equipment & Services

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Financials · Annual
Revenue
$978.3M
+48.0% YoY
Net Income
$83.3M
-40.6% YoY
EBITDA
$204.4M
+10.6% YoY
Free Cash Flow
$135.3M

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About Innovex International, Inc.

Headquartered within the energy sector, Innovex International, Inc. focuses on Oil & Gas Equipment & Services services and products. Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. With a market capitalization of $1.93B, it sits in small-cap territory. 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.

Key stats
Market Cap$1.93B
P/E (TTM)37.39
Fwd P/E15.05
EPS$0.75
52W Change+82.4%
ROE5.2%
Analysis

The balance sheet looks solid with $208.2M in cash comfortably exceeding the $76.2M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $135.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 5.2% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.7% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $467.2M (2022) to $978.3M (2025), reflecting a 109% increase over the period.

With cash comfortably exceeding debt, INVX has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing INVX.

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