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MARKETS / NYSE / INVX
NYSE · OIL & GAS FIELD MACHINERY & EQUIPMENT · LARGE CAP

Innovex International, Inc. INVX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$978.3M
▲ 48.0% YoY
$83.3M
▼ 40.6% YoY
In brief

What this company does

Innovex designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. As of December 31, 2025, it had a total of 2,160 employees. Its corporate headquarters are located in Humble, Texas. The NAM market made up approximately 52% of its 2025 revenue, while the International and Offshore markets made up the remaining 48%. Its products are used across the lifecycle of the well, during the construction, completion, production and intervention phases, and are typically utilized downhole and consumable in nature. Its drilling enhancement tools are designed to optimize drilling performance, increase rate of penetration, and mitigate downhole challenges typically faced by customers in horizontal, extended reach and other complex drilling applications. It provides subsea equipment and engineered systems for offshore applications, including subsea wellheads, subsea connectors, casing connectors, deepwater centralization solutions and diverter systems, and in July 2025 completed the divestment of its subsea tree product line. Following the merger of Legacy Innovex into Dril-Quip, Inc., the name "Dril-Quip, Inc." was changed to "Innovex International, Inc."

Written from the business description in Innovex International, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 978.3M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 978.3 · Net income 83.3
400M800M-50M-100M2008201120142017202020232025
Compound annual growth
+27.9%
+23.9%
+1.5%
+3.7%
+9.6%
−8.0%
−1.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.6% · Net 8.5%
10%20%-10%-20%-30%2008201120142017202020232025
ROE
FY2025 · ROE 8.3%
10%20%-10%-20%2008201120142017202020232025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 43.2
80M160M-20M-40M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.0 · Net buybacks —
80M160M20082014201620182020202220242025

Total assetsUSD 1.3B
EquityUSD 1.1B
CashUSD 203.4M
Gross debtUSD 18.9M
Net debtUSD -184.5M
Current ratio4.91×

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.00.70.60.50.30.30.40.40.50.50.80.90.90.70.60.60.50.5
Operating income $B0.10.00.10.1−0.1−0.10.0−0.1−0.10.10.20.30.20.20.10.10.10.1
EBITDA $B0.20.10.10.1−0.1−0.00.0−0.1−0.00.10.30.30.30.20.20.20.20.2
Income tax $B0.00.00.00.00.0−0.00.0−0.00.00.00.10.10.10.00.00.00.00.0
Net income $B0.10.10.10.1−0.1−0.00.0−0.1−0.10.10.20.20.20.10.10.10.10.1
Free cash flow $B··0.0−0.00.0−0.00.00.00.10.20.20.10.1−0.10.00.00.1−0.0
EPS, diluted $1.202.772.292.01−3.63−0.870.05−2.58−2.692.474.985.194.162.942.362.552.662.62
Dividend / sh $··················
Payout %05300··············
ROE %8.321.825.529.3−21.0−2.90.2−8.0−7.67.014.916.814.712.010.913.316.618.9
Shares out B0.070.070.030.030.030.040.040.040.040.040.040.040.040.040.040.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityOil & Gas Field Machinery & Equipment
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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