Innovex International (INVX)
NYSE:INVX
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Innovex International
(NYSE:INVX)
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Rating:68Neutral
Price Target:
$30.00
▲(16.60% Upside)
Action:ReiteratedDate:05/05/26
The score is driven primarily by solid financial health (growth, low leverage, strong 2025 free cash flow) and supportive technical momentum. It is held back by margin/earnings normalization and near-term guidance headwinds discussed on the call, alongside a relatively high P/E and no stated dividend yield.
Positive Factors
Balance Sheet Strength
Large cash reserves and negligible bank leverage provide durable financial flexibility in a cyclical industry. This liquidity supports opportunistic M&A, share repurchases, and weathering subsea timing volatility without needing emergency financing, preserving strategic optionality over the next 2–6 months.
Negative Factors
Patent Litigation Liability
A large jury award creates a material potential cash outflow and legal uncertainty; even with appeals pending, the risk can constrain cash available for reinvestment or buybacks, raise insurance/legal costs, and distract management. Potential injunctions or licensing obligations would hurt long‑term margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Large cash reserves and negligible bank leverage provide durable financial flexibility in a cyclical industry. This liquidity supports opportunistic M&A, share repurchases, and weathering subsea timing volatility without needing emergency financing, preserving strategic optionality over the next 2–6 months.
Read all positive factors
Innovex International (INVX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.90B
Dividend YieldN/A
Average Volume (3M)374.19K
Price to Earnings (P/E)27.0
Beta (1Y)0.91
Revenue Growth54.51%
EPS Growth-35.15%
CountryUS
Employees2,683
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding68,563,690
10 Day Avg. Volume410,299
30 Day Avg. Volume374,194
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)1.43
Price to Sales (P/S)1.54
P/FCF Ratio9.69
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue1.79
Enterprise Value/Gross Profit6.44
Enterprise Value/Ebitda8.65
Forecast
1Y Price Target
$28.50Price Target Upside10.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Innovex International Business Overview & Revenue Model
Company Description
Innovex International, Inc. engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX....
Innovex International Key Performance Indicators (KPIs)
Any
Revenue by Category
Breaks down Innovex International’s sales by product and service lines, revealing which offerings drive top-line growth and which contribute most to profit. Helps spot dependence on a small number of categories, identify underperforming products, and prioritize where the company should allocate resources or expand.
Breaks down Innovex International’s sales by product and service lines, revealing which offerings drive top-line growth and which contribute most to profit. Helps spot dependence on a small number of categories, identify underperforming products, and prioritize where the company should allocate resources or expand.
Data provided by:
The Fly
The FlyInnovex International Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 978.25M | 660.80M | 555.54M | 467.19M | 294.84M |
| Gross Profit | 242.54M | 232.63M | 195.44M | 158.12M | 87.40M |
| EBITDA | 191.85M | 184.77M | 129.93M | 101.92M | 33.59M |
| Net Income | 83.30M | 140.32M | 73.93M | 63.28M | 9.85M |
Balance Sheet | |||||
| Total Assets | 1.27B | 1.20B | 475.30M | 436.29M | 284.89M |
| Cash, Cash Equivalents and Short-Term Investments | 203.41M | 73.28M | 7.41M | 8.42M | 9.74M |
| Total Debt | 120.27M | 91.07M | 84.91M | 114.58M | 39.22M |
| Total Liabilities | 210.61M | 239.33M | 146.38M | 185.01M | 104.34M |
| Stockholders Equity | 1.06B | 958.16M | 328.92M | 251.28M | 180.55M |
Cash Flow | |||||
| Free Cash Flow | 155.78M | 79.84M | 60.38M | -15.39M | -8.47M |
| Operating Cash Flow | 190.91M | 93.44M | 75.86M | -5.81M | -2.02M |
| Investing Cash Flow | -18.74M | 78.44M | -32.43M | -37.52M | -22.06M |
| Financing Cash Flow | -44.92M | -103.07M | -44.56M | 42.28M | 10.05M |
Innovex International Technical Analysis
Positive
25.73
Price Trends
25.53
Positive
24.47
Positive
21.12
Positive
Market Momentum
0.25
Negative
52.32
Neutral
61.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVX, the sentiment is Positive. The current price of 25.73 is above the 20-day moving average (MA) of 25.22, above the 50-day MA of 25.53, and above the 200-day MA of 21.12, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 52.32 is Neutral, neither overbought nor oversold. The STOCH value of 61.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INVX.
Innovex International Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.49B | 30.15 | 5.41% | ― | 1.72% | -34.89% | |
73 Outperform | $2.05B | 65.66 | 3.41% | ― | -6.17% | 0.81% | |
68 Neutral | $1.90B | 27.01 | 8.19% | ― | 54.51% | -35.15% | |
67 Neutral | $1.52B | -27.14 | 0.91% | ― | -2.91% | -82.51% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $2.14B | -22.93 | -4.02% | 10.12% | 3.73% | -174.60% |
* Energy Sector Average
INVX
Innovex International
27.42
12.13
79.33%
HLX
Helix Energy
10.25
3.83
59.66%
XPRO
Expro Group Holdings
18.06
10.08
126.32%
NESR
National Energy Services Reunited
24.11
17.89
287.62%
AESI
Atlas Energy Solutions
17.75
4.23
31.29%
Innovex International Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Innovex International Reports Q1 Results and Strategic Updates
Positive
May 4, 2026
On May 4, 2026, Innovex reported first-quarter 2026 results showing revenue of $239 million, down 13% sequentially and 1% year-on-year, with a net loss of $17 million but an improved Adjusted EBITDA margin of 21%. The company generated $20 million...
Legal Proceedings
Innovex Subsidiary Faces Major Patent Infringement Verdict
Negative
Mar 12, 2026
On March 5, 2026, a jury in the U.S. District Court for the Southern District of Texas returned a verdict against Innovex’s wholly owned subsidiary Downhole Well Solutions, LLC in a patent infringement case brought in 2023 by Impulse Downhol...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Innovex International Prices Secondary Offering, Executes Share Buyback
Positive
Feb 27, 2026
On February 25, 2026, Innovex International, Inc. entered into an underwriting agreement with affiliates of Amberjack Capital Partners, L.P. as selling stockholders and J.P. Morgan Securities LLC as representative of the underwriters for a seconda...
Business Operations and StrategyFinancial Disclosures
Innovex International Posts Strong Q4 Results, Boosts Cash Position
Positive
Feb 23, 2026
Innovex International reported fourth-quarter and full-year 2025 results on February 23, 2026, highlighting Q4 revenue of $274 million, up 14% sequentially, net income of $14 million, and an adjusted EBITDA margin of 19%. For 2025, the company gen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.