INVX (Innovex International, Inc.) Stock Financials & Earnings | Market Cap Arena

INVX (Innovex International, Inc.) Stock Financials & Earnings | Market Cap Arena

INVXInnovex International, Inc.

Mkt Cap$2B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Revenue (TTM)$978M

Net Income (TTM)$83M

EPS (TTM)$1.20

Free Cash Flow (TTM)$156M

Gross Margin27.9%

Op. Margin10.3%

Net Margin8.5%

FCF Margin15.9%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)22.5x

YoY Rev Growth+48.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$91M	$25M	-$621K
Q2 23	$90M	$24M	-$3M
Q3 23	$139M	$50M	$24M
Q4 23	$133M	$49M	$23M
Q1 24	$128M	$49M	$22M
Q2 24	$130M	$46M	$13M
Q3 24	$152M	$53M	-$13M
Q4 24	$251M	$85M	$27M
Q1 25	$240M	$77M	$22M
Q2 25	$224M	$72M	$23M
Q3 25	$240M	$61M	$25M
Q4 25	$274M	$64M	$32M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.7x	70.8x
Q2 23	4.7x	52.7x
Q3 23	4.2x	52.5x
Q4 23	4.1x	47.3x
Q1 24	3.8x	34.9x
Q2 24	3.5x	31.3x
Q3 24	3.4x	14.7x
Q4 24	2.8x	13.3x
Q1 25	2.4x	13.5x
Q2 25	2.2x	13.0x
Q3 25	2.0x	18.5x
Q4 25	1.9x	22.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$53M	-$58M
Q2 23	$11M	$1M
Q3 23	$96M	$97M
Q4 23	$21M	$20M
Q1 24	$13M	$10M
Q2 24	$23M	$21M
Q3 24	$22M	$20M
Q4 24	$36M	$29M
Q1 25	$31M	$24M
Q2 25	$59M	$52M
Q3 25	$48M	$37M
Q4 25	$52M	$43M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$5M
Q2 23	$10M
Q3 23	$1M
Q4 23	$1M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$8M
Q1 25	$7M
Q2 25	$7M
Q3 25	$12M
Q4 25	$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.3%	+1.6%
Q2 23	-4.7%	-2.9%
Q3 23	+57.8%	+26.8%
Q4 23	+4.1%	+1.7%
Q1 24	+40.9%	+15.5%
Q2 24	+45.4%	+27.2%
Q3 24	+9.2%	+43.4%
Q4 24	+88.2%	+103.5%
Q1 25	+87.8%	+106.8%
Q2 25	+72.1%	+71.9%
Q3 25	+58.1%	+30.3%
Q4 25	+9.1%	+8.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$470K	0.4%
Q1 24	$468K	0.4%
Q2 24	$448K	0.3%
Q3 24	$11M	7.2%
Q4 24	$1M	0.6%
Q1 25	$2M	0.7%
Q2 25	$4M	1.7%
Q3 25	$3M	1.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$3M	$23M
Q2 23	$3M	$23M
Q3 23	—	$19M
Q4 23	—	$17M
Q1 24	—	$21M
Q2 24	—	$19M
Q3 24	—	$38M
Q4 24	—	$38M
Q1 25	—	$32M
Q2 25	—	$29M
Q3 25	—	$36M
Q4 25	—	$32M

Revenue Segments

Quarter	Leasing	Product	Service
Q1 25	$38M	$167M	$35M
Q2 25	$44M	$149M	$31M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$235M	$19M	$254M
Q2 23	$236M	$19M	$255M
Q3 23	$8M	$0	$8M
Q4 23	$7M	$0	$7M
Q1 24	$202M	$4M	$206M
Q2 24	$10M	$8M	$19M
Q3 24	$100M	$0	$100M
Q4 24	$73M	$0	$73M
Q1 25	$68M	$0	$68M
Q2 25	$69M	$0	$69M
Q3 25	$163M	$5M	$169M
Q4 25	$203M	$0	$203M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	34M	+37.6%
Q2 23	34M	+0.0%
Q3 23	51M	+46.6%
Q4 23	51M	+0.0%
Q1 24	51M	+0.0%
Q2 24	67M	+31.8%
Q3 24	42M	-37.7%
Q4 24	68M	+63.8%
Q1 25	69M	+2.1%
Q2 25	69M	-0.5%
Q3 25	69M	+0.2%
Q4 25	70M	+0.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$342K	3K
FY 15	$364K	2K
FY 16	$232K	2K
FY 17	$193K	2K
FY 18	$191K	2K
FY 19	$215K	2K
FY 20	$256K	1K
FY 21	$220K	1K
FY 22	$345K	1K
FY 23	$335K	2K
FY 24	$246K	3K
FY 25	$453K	2K