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Innovex International (INVX)
NYSE:INVX
Earnings Data
Report Date
May 12, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrays a company in a constructive transition: clear operational progress (revenue growth, margin stabilization, strong free cash flow conversion, SG&A reductions, successful M&A integrations and notable subsea wins) balanced against near-term headwinds (legacy low-margin subsea projects, Eldridge exit costs, pulled-forward deliveries creating Q1 softness and slightly elevated CapEx). Management presents these as largely transitional challenges with a credible plan to improve margins and ROCE over 2026–2027.Company Guidance
Quarterly Revenue Growth and Guidance Beat
Q4 2025 revenue of $274.0M, up 14% sequentially and up 9% year-over-year; company exceeded the high end of its Q4 revenue guidance.
Strong Adjusted EBITDA and Margins
Q4 adjusted EBITDA of $52M with an adjusted EBITDA margin of 19%; full year 2025 adjusted EBITDA was $188M with a 19% margin.
Excellent Free Cash Flow and Conversion
Q4 free cash flow $43M and full year free cash flow $156M; converted ~83% of adjusted EBITDA into free cash flow for both the quarter and full year (well above the 50%-60% normalized target).
Improved Balance Sheet and Liquidity
Ended 2025 with approximately $203M in cash and cash equivalents and no bank debt, providing substantial financial flexibility for M&A and shareholder returns.
Operational Execution and Market Share Gains
Grew market share across U.S. land, offshore and international markets; NAM land revenue reached a record $139M in Q4, up 5% sequentially, driven by cross-selling and integrated solutions.
Successful M&A Integration and Revenue Synergies
Integration of acquisitions (Citadel, DWS, Dril-Quip) produced revenue synergies and cross-selling (e.g., drilling enhancement and single-use technologies), validating the M&A playbook and contributing to margin improvement and market expansion.
Subsea Commercial Momentum and Strategic Wins
Quarter included new subsea orders and project wins in Asia Pacific and the Mediterranean; landmark subsea contract in Brazil and first deliveries under a global alliance with OneSubsea; delivered 10 XPak installations in Brazil and first onshore XPak Express in the U.S.
SG&A Efficiency and Reduced Cost Structure
Full year 2025 selling, general & administrative expenses were $129M, representing 13% of revenue versus 18% in 2024, reflecting realized synergies and improved cost discipline.
INVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $27.17 | $28.90 | +6.37% |
Nov 03, 2025 | $20.42 | $19.61 | -3.97% |
Aug 05, 2025 | $16.61 | $16.09 | -3.13% |
May 06, 2025 | $15.03 | $15.43 | +2.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Innovex International (INVX) report earnings?
Innovex International (INVX) is schdueled to report earning on May 12, 2026, TBA (Confirmed).
What is Innovex International (INVX) earnings time?
Innovex International (INVX) earnings time is at May 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVX EPS forecast?
INVX EPS forecast for the fiscal quarter 2026 (Q1) is 0.27.