INVX FY 2025 Earnings Report — Innovex International, Inc. Revenue & Financial Results | Market Cap Arena

Innovex International, Inc.INVX

FY 2025 Earnings

Reported February 24, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$978M	—	$661M	—	48.0%
Op. Income	$114M	—	$49M	—	131.8%
Gross Margin	24.8%	—	35.2%	—	-10.4pp
Net Margin	8.5%	—	21.2%	—	-12.7pp
EPS (Diluted)	$1.20	—	$2.77	—	-56.7%
Free Cash Flow	$156M	—	$80M	—	95.1%

Revenue Flow

Item	Amount
REVENUE	$978M
Cost of Revenue	$736M
GROSS PROFIT	$243M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$129M
Other Expenses	$0
Operating Expenses	$129M
Cost & Expenses	$865M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$129M
Income Tax Expense	$45M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$61M
EBIT	$131M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$978M
Cost of Revenue	$736M
GROSS PROFIT	$243M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$129M
Other Expenses	$0
Operating Expenses	$129M
Cost & Expenses	$865M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$129M
Income Tax Expense	$45M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$61M
EBIT	$131M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$61M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$28M
Change in Working Capital	$19M
OPERATING CASH FLOW	$191M
Capital Expenditure	-$35M
Acquisitions (Net)	-$84M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$100M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$33M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$45M
FREE CASH FLOW	$156M
Net Change in Cash	$130M

Balance Sheet

Item	Amount
Cash & Equivalents	$203M
Short-Term Investments	$0
Net Receivables	$238M
Inventory	$248M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$728M
PP&E (Net)	$211M
Goodwill	$100M
Intangible Assets	$116M
Long-Term Investments	$0
Tax Assets	$102M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$540M
TOTAL ASSETS	$1.3B
Account Payables	$61M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$148M
Long-Term Debt	$60M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$38M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$211M
Common Stock	$691.0K
Additional Paid-In Capital	$0
Retained Earnings	$285M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$768M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$120M
Net Debt	-$83M