Innovex International Inc. | Small-cap | Energy
$17.21
-5.90%
| Innovex Stock Comparison:
Innovex vs Schlumberger LimitedInnovex vs HalliburtonInnovex vs Atlas EnergyInnovex vs NextDecadeInnovex vs Expro Group HoldingsInnovex vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 240.4M
Gross Profit 76.5M 31.82%
Operating Income 29.2M 12.15%
Net Income 14.8M 6.14%
EPS (Diluted) $0.21

Balance Sheet Metrics

Total Assets 1.2B
Total Liabilities 217.6M
Shareholders Equity 978.4M
Debt to Equity 0.22

Cash Flow Metrics

Operating Cash Flow 49.1M
Free Cash Flow 24.0M

Revenue & Profitability Trend

Innovex Income Statement From 2021 to 2024

Metric 2024 2023 2022 2021
Revenue i 660.8M 555.5M 467.2M 294.8M
Cost of Goods Sold i 428.2M 360.1M 310.0M 207.4M
Gross Profit i 232.6M 195.4M 157.2M 87.4M
Gross Margin % i 35.2% 35.2% 33.6% 29.6%
Operating Expenses
Research & Development i - - - -
Selling, General & Administrative i 116.2M 72.8M 62.1M 55.6M
Other Operating Expenses i - - - -
Total Operating Expenses i 116.2M 72.8M 62.1M 55.6M
Operating Income i 85.2M 100.0M 76.6M 14.1M
Operating Margin % i 12.9% 18.0% 16.4% 4.8%
Non-Operating Items
Interest Income i - - - -
Interest Expense i 2.4M 5.5M 4.0M 2.2M
Other Non-Operating Income 60.0M -109.0K 411.0K 1.8M
Pre-tax Income i 142.8M 94.4M 72.9M 13.7M
Income Tax i 2.5M 20.4M 9.7M 3.8M
Effective Tax Rate % i 1.7% 21.7% 13.2% 28.1%
Net Income i 140.3M 73.9M 63.3M 9.9M
Net Margin % i 21.2% 13.3% 13.5% 3.3%
Key Metrics
EBITDA i 135.1M 132.6M 95.4M 33.6M
EPS (Basic) i $2.82 $4.87 $4.17 $0.68
EPS (Diluted) i $2.77 $4.73 $4.05 $0.68
Basic Shares Outstanding i 49727093 15175591 15175591 14589591
Diluted Shares Outstanding i 49727093 15175591 15175591 14589591

Income Statement Trend

Innovex Balance Sheet From 2021 to 2024

Metric 2024 2023 2022 2021
Assets
Current Assets
Cash & Equivalents i 73.3M 7.4M 8.4M 9.7M
Short-term Investments i - - - -
Accounts Receivable i 275.1M 107.2M 123.8M 80.2M
Inventory i 271.2M 141.2M 136.7M 92.3M
Other Current Assets 5.1M 5.0M 2.9M 2.5M
Total Current Assets i 641.4M 288.3M 282.4M 192.9M
Non-Current Assets
Property, Plant & Equipment i 75.6M 49.3M 34.7M 0
Goodwill i 228.7M 89.7M 97.7M 69.3M
Intangible Assets i 108.4M 41.8M 49.8M 35.9M
Long-term Investments - - - -
Other Non-Current Assets 141.9M 16.2M 10.2M 1.9M
Total Non-Current Assets i 556.1M 187.0M 153.9M 92.0M
Total Assets i 1.2B 475.3M 436.3M 284.9M
Liabilities
Current Liabilities
Accounts Payable i 65.2M 32.0M 41.6M 38.3M
Short-term Debt i 21.0M 17.2M 14.7M 5.8M
Current Portion of Long-term Debt - - - -
Other Current Liabilities 2.4M 670.0K 4.2M 4.0M
Total Current Liabilities i 162.7M 78.6M 85.0M 69.6M
Non-Current Liabilities
Long-term Debt i 70.1M 67.7M 99.9M 33.4M
Deferred Tax Liabilities i 624.0K 0 - -
Other Non-Current Liabilities 6.0M 31.0K 61.0K 1.4M
Total Non-Current Liabilities i 76.7M 67.8M 100.0M 34.8M
Total Liabilities i 239.3M 146.4M 185.0M 104.3M
Equity
Common Stock i 692.0K 309.0K 154.0K 151.0K
Retained Earnings i 211.2M 145.9M 72.0M 8.7M
Treasury Stock i - - - -
Other Equity - - - -
Total Shareholders Equity i 958.2M 328.9M 251.3M 180.6M
Key Metrics
Total Debt i 91.1M 84.9M 114.6M 39.2M
Working Capital i 478.7M 209.6M 197.4M 123.3M

Balance Sheet Composition

Innovex Cash Flow Statement From 2021 to 2024

Metric 2024 2023 2022 2021
Operating Activities
Net Income i 140.3M 73.9M 63.3M 9.9M
Depreciation & Amortization i 39.5M 30.1M 18.5M 17.7M
Stock-Based Compensation i 13.2M 2.0M 907.0K 703.0K
Working Capital Changes i 2.4M -15.2M -79.4M -32.5M
Operating Cash Flow i 105.5M 83.7M -5.7M -3.9M
Investing Activities
Capital Expenditures i 3.2M 1.4M -8.6M 136.0K
Acquisitions i 88.8M -18.4M -28.9M -22.2M
Investment Purchases i - - - -
Investment Sales i - - - -
Investing Cash Flow i 92.0M -16.9M -37.5M -22.1M
Financing Activities
Share Repurchases i 0 0 -1.3M -331.0K
Dividends Paid i -75.0M 0 - -
Debt Issuance i 187.3M 254.5M 151.5M 76.6M
Debt Repayment i -208.5M -299.5M -107.2M -66.2M
Financing Cash Flow i -106.4M -44.6M 39.0M 3.9M
Free Cash Flow i 79.8M 60.4M -15.4M -8.5M
Net Change in Cash i 91.2M 22.2M -4.2M -22.1M

Cash Flow Trend

Innovex Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 9.09
Forward P/E 24.79
Price to Book 1.32
Price to Sales 1.51
PEG Ratio -0.11

Profitability Ratios

Profit Margin 16.66%
Operating Margin 12.45%
Return on Equity 21.44%
Return on Assets 7.25%

Financial Health

Current Ratio 4.60
Debt to Equity 9.91

Per Share Data

EPS (TTM) $2.10
Book Value per Share $14.48
Revenue per Share $12.61

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
invx 1.3B 9.09 1.32 21.44% 16.66% 9.91
Schlumberger Limited 51.0B 11.63 2.26 19.22% 11.53% 63.58
Halliburton 17.1B 8.33 1.65 21.00% 9.31% 82.37
Atlas Energy 1.8B 92.88 1.08 1.20% 1.20% 43.46
NextDecade 1.7B 57.21 7.45 -14.47% 0.00% 285.00
Expro Group Holdings 1.5B 20.87 0.97 4.78% 4.26% 14.04

Financial data is updated regularly. All figures are in the company's reporting currency.