Innovex International, Inc.

Innovex International, Inc.

INVXยทNYSE

$27.35

+1.4%
EnergyOil & Gas Equipment & Services

Innovex International, Inc. engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.

At a Glance

Live Snapshot
Market Cap$1.88B
EPS1.2100
P/E Ratio22.60
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 22.6).

Valuation inputs: P/E 22.6, earnings yield +4.4%, momentum +1.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +7.9%, ROIC +6.5%).

Profitability stack: net margin +8.5%, ROE +7.9%, ROIC +6.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +16.6%, momentum +1.4%, net margin +8.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Innovex International, Inc. Market vs Earnings Trajectory

INVX ยท NYSE

Loading price and EPS data...

Innovex International, Inc.

Innovex International, Inc. Fair Value Envelope

INVX ยท NYSE

Our analysis suggests that INVX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $27.35, this represents a potential HIDDEN relative to our calculated worth for Innovex International, Inc..

Intrinsic Value
Current Price: $27.35
3Y-71.0%
5Y-239.0%
10Y-51.0%
3Y+109.0%
5Y+168.0%
10Y+82.0%
3Y+32.0%
5Y-371.0%
10Y-11.0%
3Y-3385.0%
5Y-1005.0%
10Y-23.0%
3Y-1112.0%
5Y-572.0%
10Y-29.0%
3Y+191.0%
5Y+10.0%
10Y-13.0%
Innovex International, Inc.

Innovex International, Inc. Profit Bridge

INVX ยท NYSE
Revenue978.25M
Cost of Goods Sold (735.71M)
Gross Profit242.54M
Operating Expenses (128.79M)
Operating Income113.75M
Interest Expense (2.58M)
Other Income/Expense14.78M
Pretax Income128.53M
Income Tax (45.23M)
Net Income83.30M
Net Income
83.30M

Profitability Analysis

Gross Margin

24.8%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

11.6%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

8.5%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

35.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

24.79%
Gross Profit Margin
-30%
3Y-27.0%
5Y-5.0%
10Y-36.0%
11.63%
Operating Profit Margin
57%
3Y-28.0%
5Y-327.0%
10Y-28.0%
8.52%
Net Profit Margin
-60%
3Y-37.0%
5Y-201.0%
10Y-51.0%
7.88%
Return on Equity
-46%
3Y-69.0%
5Y-367.0%
10Y+15.0%
6.57%
Return on Assets
-44%
3Y-55.0%
5Y-346.0%
10Y+3.0%
6.47%
Return on Invested Capital
42%
3Y-64.0%
5Y-844.0%
10Y+25.0%
INVX

Innovex International, Inc. Cash Conversion Engine

INVX ยท NYSE
Net Income83.30M
Depreciation & Amortization60.74M
Stock-Based Compensation0.00
Change in Working Capital19.28M
Others27.59M
Capital Expenditures-35.13M
Free Cash Flow155.78M

Cash Flow Quality Analysis

FCF Conversion Rate

187.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

18.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+95.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$19.28M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Innovex International, Inc. Funding & Solvency Profile

INVX ยท NYSE
Cash & Cash Equivalents200.71M
Net Receivables245.63M
Inventory252.99M
Other Current Assets53.56M
Total Current Assets753 M
Property, Plant & Equipment214.54M
Goodwill & Intangible Assets211.74M
Long-Term Investments0.00
Other Non-Current Assets10.28M
Total Non-Current Assets225 M
Total Assets
1.29B

Financial Health Analysis

Current Ratio

5.10x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.25x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

605 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

58% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Innovex International, Inc. Street Expectations Map

INVX ยท NYSE

Wall Street analysts project that INVX stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 30.00, with estimates ranging from a low of 26.00 to a high of 34.00.

Lowest Target
26.00
-4.94%
Consensus Target
30.00
9.69%
Highest Target
34.00
24.31%

The consensus 1-year price target stands at 30.00, with estimates ranging from a low of 26.00 to a high of 34.00.

Analyst Consensus Analysis

Upside Potential

+9.7%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

26.7% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

4.93x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Innovex International, Inc. Insider Positioning

INVX ยท NYSE

During the last 12 months, insiders have sold $122.98M worth of INVX shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

5.0M

122.28M

Net Activity

-122.3M

-$122.28M

6-9 Months

Bought

0

0.00

Sold

41.8K

702.50K

Net Activity

-703K

-$703K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
ACPL

Amberjack Capital Partners, L.P.

Director, 10 Percent Owner:

4.9M sharesโ€ข1 transactions

$120.55M

2
AA

Anderson Adam

Director, Officer: Chief Executive Officer

71.2K sharesโ€ข5 transactions

$1.66M

3
RM

Reddout Mark

Officer: President Of North America

27.9K sharesโ€ข3 transactions

$633K

4
RK

Reed Kendal

Officer: Chief Financial Officer

7.9K sharesโ€ข2 transactions

$133K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $122.98M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

invx Dividend History

INVX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%