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Innovex International
(NYSE:INVX)
Innovex International (INVX) vs. SPDR S&P 500 ETF (SPY)
Innovex International Business Overview & Revenue Model
Innovex International Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 660.80M | 424.06M | 467.19M | 294.84M | 364.97M | Gross Profit |
| 232.63M | 115.41M | 157.15M | 87.40M | 95.09M | EBIT |
| 49.08M | 97.28M | 76.55M | 14.08M | -18.70M | EBITDA |
| 184.77M | 129.93M | 95.43M | 33.59M | -29.04M | Net Income Common Stockholders |
| 140.32M | 73.93M | 63.28M | 9.85M | -30.77M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 73.28M | 7.41M | 8.42M | 9.74M | 345.95M | Total Assets |
| 1.20B | 1.03B | 436.29M | 284.89M | 1.15B | Total Debt |
| 91.07M | 84.91M | 81.40M | 35.24M | 1.25M | Net Debt |
| 17.79M | 77.50M | 72.98M | 25.50M | -344.70M | Total Liabilities |
| 239.33M | 146.38M | 185.01M | 104.34M | 109.64M | Stockholders Equity |
| 958.16M | 328.92M | 251.28M | 180.55M | 1.04B |
| Cash Flow | Free Cash Flow | |||
| 79.84M | -24.90M | -15.39M | -8.47M | -33.03M | Operating Cash Flow |
| 93.44M | 75.86M | -5.81M | -2.02M | -21.09M | Investing Cash Flow |
| 78.44M | -79.81M | -37.52M | -22.06M | -5.63M | Financing Cash Flow |
| -103.07M | -124.00K | 42.28M | 10.05M | -25.18M |
Innovex International Technical Analysis
Innovex International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $996.95M | 12.84 | 7.06% | 3.54% | -9.78% | -49.45% | |
75 Outperform | $971.91M | 5.39 | 13.87% | ― | 72.10% | ― | |
69 Neutral | $978.55M | 23.62 | 4.51% | 3.19% | -4.91% | -46.51% | |
68 Neutral | $905.82M | 13.42 | 4.91% | ― | 10.48% | ― | |
66 Neutral | $930.40M | 11.18 | 5.64% | ― | 0.34% | ― | |
65 Neutral | $1.07B | 41.18 | 8.29% | ― | -9.84% | -111.71% | |
57 Neutral | $7.06B | 3.07 | -3.48% | 5.79% | 0.59% | -50.58% |
Innovex International Earnings Call Summary
Innovex International Corporate Events
On May 14, 2025, Innovex International, Inc. held its Annual Meeting of Stockholders where several key proposals were approved. The stockholders approved the 2025 Long-Term Incentive Plan, which allows for the issuance of up to 5,000,000 shares of common stock, and an amendment to the company’s Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 100,000,000 to 200,000,000. Additionally, the election of directors, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm, and an advisory vote on executive compensation were also ratified. These decisions are expected to impact the company’s operations by expanding its capacity for stock issuance and strengthening its governance structure.
The most recent analyst rating on (INVX) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Innovex International stock, see the INVX Stock Forecast page.
On May 6, 2025, Innovex International announced its financial results for the first quarter of 2025, reporting a revenue of $240 million, which is a 4% decrease from the previous quarter. The company also highlighted its strategic moves, including the acquisition of SCF Machining Corporation and the planned sale of the Dril-Quip Eldridge facility for $95 million, which is expected to enhance margins and operational performance. Despite lower-than-expected activity in Mexico, Innovex maintained its margins and continued to focus on market opportunities and synergies to support growth. The company also initiated a $100 million share repurchase program and reported a net cash balance of $43 million at the end of the quarter.
On April 21, 2025, Innovex International announced a definitive agreement to sell its Eldridge facility in Houston, Texas, to BIG Acquisitions LLC for $95 million, with the sale expected to close in the third quarter of 2025. This transaction is part of Innovex’s strategy to transform its business, with CEO Adam Anderson highlighting the sale as a significant milestone that will reduce the company’s operating footprint in Houston by 82%, improve delivery and responsiveness, and strengthen its balance sheet. The proceeds will support a $100 million share buyback and potential M&A activities. Despite a decline in Q1 2025 revenue, Innovex anticipates adjusted EBITDA between $44-$46 million, demonstrating resilience in uncertain market conditions.
On February 25, 2025, Innovex International announced its financial results for the fourth quarter and full year of 2024, highlighting a significant revenue increase of 65% quarter over quarter to $251 million. The company reported a net income of $32 million and an adjusted EBITDA of $49 million. Key strategic moves included the acquisition of Downhole Well Solutions and SCF Machining Corp, aimed at enhancing margins and supply chain flexibility. Innovex also announced a $100 million share buyback authorization, reflecting its strong financial position and commitment to returning capital to shareholders. The company achieved its merger cost synergy target of $30 million sooner than expected and continues to focus on organic growth and expanding its market presence through strategic partnerships.