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 |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
77 Outperform | $1.07B | 8.43 | 10.07% | ― | 49.31% | 10605.17% | |
73 Outperform | $1.07B | 13.80 | 7.06% | 3.38% | -9.78% | -49.45% | |
68 Neutral | $1.01B | 39.43 | 10.01% | ― | -9.17% | -71.36% | |
68 Neutral | $961.21M | 18.88 | 3.73% | ― | 13.22% | ― | |
66 Neutral | $950.10M | 11.42 | 5.64% | ― | 0.34% | ― | |
63 Neutral | $1.04B | 28.95 | 3.91% | 3.05% | -8.41% | -58.49% | |
56 Neutral | $6.92B | 3.31 | -4.49% | 6.03% | -0.35% | -47.83% |
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.
Spark’s Take on INVX Stock
According to Spark, TipRanks’ AI Analyst, INVX is a Outperform.
Innovex International’s stock is supported by strong financial performance, highlighted by robust revenue growth and effective cost management. The successful execution of mergers and the achievement of synergy targets are significant positives. However, technical analysis signals indicate a bearish trend, which moderates the overall score. The stock is attractively valued with a low P/E ratio, although the lack of dividend yield may deter some investors. The earnings call provides a positive outlook, despite some operational challenges being addressed.
To see Spark’s full report on INVX stock, click here.
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.