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Innovex (INVX) | Financial Analysis & Statements

Innovex International Inc. | Small-cap | Energy

$16.95

-2.59%

Innovex vs Schlumberger Limited Innovex vs Baker Hughes Company Innovex vs Solaris Energy Innovex vs Atlas Energy Innovex vs Liberty Energy Innovex 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

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

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) 8.20

Forward P/E 22.35

Price to Book 1.19

Price to Sales 1.36

PEG Ratio -0.10

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	1.2B	8.20	1.19	21.44%	16.66%	9.91
Schlumberger Limited	53.1B	12.20	2.37	19.22%	11.53%	63.58
Baker Hughes Company	44.1B	14.63	2.49	18.36%	11.04%	33.77
Solaris Energy	1.9B	48.58	2.92	8.91%	5.05%	70.26
Atlas Energy	2.0B	98.58	1.15	1.20%	1.20%	43.46
Liberty Energy	1.8B	8.77	0.91	10.92%	5.29%	25.40

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