Innovex International, Inc.INVXEarnings & Financial Report
NYSE · Industrials · Oil & Gas Field Machinery & Equipment
Revenue
$130.3M
Gross Profit
$46.0M
Operating Profit
$13.1M
Net Profit
$9.5M
Gross Margin
35.3%
Operating Margin
10.0%
Net Margin
7.3%
YoY Growth
45.4%
EPS
$0.30
Financial Flow
Innovex International, Inc. Q2 2024 Financial Summary
Innovex International, Inc. reported revenue of $130.3M (up 45.4% YoY) for Q2 2024, with a net profit of $9.5M (up 173.7% YoY) (7.3% margin). Cost of goods sold was $84.3M, operating expenses totaled $32.9M.
Key Financial Metrics
| Total Revenue | $130.3M |
|---|---|
| Net Profit | $9.5M |
| Gross Margin | 35.3% |
| Operating Margin | 10.0% |
| Report Period | Q2 2024 |
Revenue Breakdown
Innovex International, Inc. Q2 2024 revenue of $130.3M breaks down across 6 segments, led by Subsea Products at $42.7M (32.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subsea Products | $42.7M | 32.8% |
| Well Construction | $31.6M | 24.3% |
| Subsea Services | $19.3M | 14.8% |
| Other | $17.0M | 13.1% |
| Well Construction Services | $13.4M | 10.3% |
| Leasing | $6.2M | 4.8% |
Innovex International, Inc. Annual Revenue by Year
Innovex International, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $978.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $978.3M |
| 2024 | $660.8M |
| 2023 | $445.9M |
| 2022 | $467.2M |
Innovex International, Inc. Quarterly Revenue & Net Profit History
Innovex International, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $273.6M | +9.1% | $14.0M | 5.1% |
| Q3 2025 | $240.0M | +58.1% | $39.2M | 16.3% |
| Q2 2025 | $224.2M | +72.1% | $15.3M | 6.8% |
| Q1 2025 | $240.4M | +87.8% | $14.8M | 6.1% |
| Q4 2024 | $250.7M | +98.4% | $31.8M | 12.7% |
| Q3 2024 | $151.8M | +9.2% | $82.6M | 54.4% |
| Q2 2024 | $130.3M | +45.4% | $9.5M | 7.3% |
| Q1 2024 | $128.0M | +40.9% | $16.4M | 12.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $128.0M | $130.3M | $151.8M | $250.7M | $240.4M | $224.2M | $240.0M | $273.6M |
| YoY Growth | 40.9% | 45.4% | 9.2% | 98.4% | 87.8% | 72.1% | 58.1% | 9.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.02B | $1.01B | $1.13B | $1.20B | $1.20B | $1.23B | $1.25B | $1.27B |
| Liabilities | $163.7M | $155.6M | $228.4M | $239.3M | $217.6M | $231.5M | $215.0M | $210.6M |
| Equity | $344.3M | $352.5M | $904.4M | $958.2M | $978.4M | $995.6M | $1.04B | $1.06B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $12.6M | $22.8M | $21.7M | $36.3M | $31.1M | $59.2M | $48.4M | $52.2M |