Shareholders being diluted. Shares outstanding up 105% from December 2022 to July 2026.
Innovex International had 105% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Innovex International had 105% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Profit below an unusually strong 2022.Since 2022 (an unusually strong year for operating profit): revenue +109%, operating profit +75%.Since 2022: revenue +109%, operating profit +75%.
Since 2022, Innovex International's revenue changed +109% but operating profit only +75%: costs are rising faster than sales.
Little borrowing.Debt is 0.02× equity vs a peer median of 0.5×.Debt is 0.02× equity vs peers 0.5×.
Innovex International has among the least debt in its peer group relative to shareholders' equity.
More volatile share price. Beta 1.15: tends to move more than the market.
Innovex International's shares have swung more with the market than most peers' (beta 1.15, above the market's 1.0).
StockQuotient Score
61/ 100▲ 2 since Oct 27 closeOct 5 60 → Nov 4 61 (+1)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 23 → 32
Peer companies moved+9
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Innovex International
Is Innovex International getting weaker?
Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is 61/100, up 2 since Oct 28, 2026.
How is Innovex International valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 404 energy peers.Earnings yield 3.4% vs a peer median of 5.2% (weaker than 67% of peers).Earnings yield 3.4% vs peers 5.2% (weaker than 67% of peers).
Is Innovex International growing?
Yes, faster than most of its peers. Growth scores 77/100 against 404 energy peers.3-year revenue growth 28.5% vs a peer median of -1.3% (stronger than 95% of peers).3-year revenue growth 28.5% vs peers -1.3% (stronger than 95% of peers).Earnings per share growth -58.1% vs a peer median of 1.1% (weaker than 85% of peers).Earnings per share growth -58.1% vs peers 1.1% (weaker than 85% of peers).
How profitable is Innovex International?
About as profitable as its peers. Profitability scores 42/100 against 404 energy peers.
How risky is Innovex International?
Lower risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 5.01× vs a peer median of 1.37× (stronger than 94% of peers).Current ratio 5.01× vs peers 1.37× (stronger than 94% of peers).Beta 1.15 vs a peer median of 0.57 (weaker than 91% of peers).Beta 1.15 vs peers 0.57 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
976.9M USD
997.5M USD
+2.1%
Net income (12 months)
51.9M USD
61.6M USD
+18.7%
Operating margin
9.1%
10.0%
+0.9 pts
Debt
24.2M USD
25.1M USD
+3.6%
Cash
200.7M USD
222.1M USD
+10.6%
Shares outstanding
68.8M
69.9M
+1.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Equipment & Services companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
4.1%
33.8%
35.2%
35.2%
31.0%
▼ 4.2 pts
Operating margin
-38.9%
16.2%
17.5%
7.4%
13.6%
▲ 6.1 pts
Net margin
-39.8%
13.5%
13.3%
21.2%
8.5%
▼ 13 pts
Return on assets (ROA)
-12.7%
6.5%
15.6%
11.7%
6.6%
▼ 5.2 pts
Return on equity (ROE)
-71.2%
25.2%
22.5%
14.6%
7.9%
▼ 6.8 pts
Free cash flow margin
8.8%
-5.3%
7.8%
—
—
—
Current ratio
7.95×
8.57×
3.67×
3.94×
4.91×
▲ 25%
Quick ratio
6.40×
6.90×
1.87×
2.28×
3.24×
▲ 42%
Debt to equity
—
—
0.15×
0.04×
0.02×
▼ 34%
Interest coverage
-159.26×
18.80×
17.67×
20.20×
51.37×
▲ 154%
INVX price history
Price history is added with the daily price update and will appear after the next one.