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Side-by-side financial comparison of Innovex International, Inc. (INVX) and INTERPARFUMS INC (IPAR). Click either name above to swap in a different company.

INTERPARFUMS INC is the larger business by last-quarter revenue ($386.2M vs $273.6M, roughly 1.4× Innovex International, Inc.). INTERPARFUMS INC runs the higher net margin — 7.3% vs 5.1%, a 2.2% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs 6.8%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 9.2%).

Inter Parfums Inc is a global prestige fragrance firm that develops, manufactures and distributes perfumes, body care and related cosmetics. It partners with top luxury fashion and lifestyle brands to launch licensed fragrance lines, serving consumers across North America, Europe, Asia Pacific and other key markets via department stores, beauty retailers and official e-commerce channels.

INVX vs IPAR — Head-to-Head

Bigger by revenue
IPAR
IPAR
1.4× larger
IPAR
$386.2M
$273.6M
INVX
Growing faster (revenue YoY)
INVX
INVX
+2.3% gap
INVX
9.1%
6.8%
IPAR
Higher net margin
IPAR
IPAR
2.2% more per $
IPAR
7.3%
5.1%
INVX
Faster 2-yr revenue CAGR
INVX
INVX
Annualised
INVX
46.2%
9.2%
IPAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INVX
INVX
IPAR
IPAR
Revenue
$273.6M
$386.2M
Net Profit
$14.0M
$28.1M
Gross Margin
28.9%
61.5%
Operating Margin
9.4%
7.1%
Net Margin
5.1%
7.3%
Revenue YoY
9.1%
6.8%
Net Profit YoY
-56.1%
16.0%
EPS (diluted)
$0.20
$0.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INVX
INVX
IPAR
IPAR
Q4 25
$273.6M
$386.2M
Q3 25
$240.0M
$429.6M
Q2 25
$224.2M
$333.9M
Q1 25
$240.4M
$338.8M
Q4 24
$250.7M
$361.5M
Q3 24
$151.8M
$424.6M
Q2 24
$130.3M
$342.2M
Q1 24
$128.0M
$324.0M
Net Profit
INVX
INVX
IPAR
IPAR
Q4 25
$14.0M
$28.1M
Q3 25
$39.2M
$65.8M
Q2 25
$15.3M
$32.0M
Q1 25
$14.8M
$42.5M
Q4 24
$31.8M
$24.2M
Q3 24
$82.6M
$62.3M
Q2 24
$9.5M
$36.8M
Q1 24
$16.4M
$41.0M
Gross Margin
INVX
INVX
IPAR
IPAR
Q4 25
28.9%
61.5%
Q3 25
31.6%
63.5%
Q2 25
32.0%
66.2%
Q1 25
31.8%
63.7%
Q4 24
33.9%
64.5%
Q3 24
34.7%
63.9%
Q2 24
35.3%
64.5%
Q1 24
38.4%
62.5%
Operating Margin
INVX
INVX
IPAR
IPAR
Q4 25
9.4%
7.1%
Q3 25
26.0%
25.3%
Q2 25
10.1%
17.7%
Q1 25
9.1%
22.2%
Q4 24
10.7%
10.0%
Q3 24
-8.7%
25.0%
Q2 24
10.0%
18.9%
Q1 24
17.4%
21.0%
Net Margin
INVX
INVX
IPAR
IPAR
Q4 25
5.1%
7.3%
Q3 25
16.3%
15.3%
Q2 25
6.8%
9.6%
Q1 25
6.1%
12.5%
Q4 24
12.7%
6.7%
Q3 24
54.4%
14.7%
Q2 24
7.3%
10.8%
Q1 24
12.8%
12.7%
EPS (diluted)
INVX
INVX
IPAR
IPAR
Q4 25
$0.20
$0.88
Q3 25
$0.57
$2.05
Q2 25
$0.22
$0.99
Q1 25
$0.21
$1.32
Q4 24
$-0.03
$0.78
Q3 24
$1.99
$1.93
Q2 24
$0.30
$1.14
Q1 24
$0.51
$1.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INVX
INVX
IPAR
IPAR
Cash + ST InvestmentsLiquidity on hand
$137.1M
Total DebtLower is stronger
$18.9M
$176.0M
Stockholders' EquityBook value
$1.1B
$880.7M
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
0.02×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVX
INVX
IPAR
IPAR
Q4 25
$137.1M
Q3 25
$77.5M
Q2 25
$53.9M
Q1 25
$75.3M
Q4 24
$109.3M
Q3 24
$78.8M
Q2 24
$185.6M
$37.7M
Q1 24
$202.2M
$76.1M
Total Debt
INVX
INVX
IPAR
IPAR
Q4 25
$18.9M
$176.0M
Q3 25
$20.1M
Q2 25
$34.8M
Q1 25
$19.7M
Q4 24
$24.9M
$157.3M
Q3 24
$12.4M
Q2 24
Q1 24
Stockholders' Equity
INVX
INVX
IPAR
IPAR
Q4 25
$1.1B
$880.7M
Q3 25
$1.0B
$870.9M
Q2 25
$995.6M
$839.4M
Q1 25
$978.4M
$788.6M
Q4 24
$958.2M
$744.9M
Q3 24
$904.4M
$778.5M
Q2 24
$352.5M
$717.1M
Q1 24
$344.3M
$708.1M
Total Assets
INVX
INVX
IPAR
IPAR
Q4 25
$1.3B
$1.6B
Q3 25
$1.3B
$1.6B
Q2 25
$1.2B
$1.6B
Q1 25
$1.2B
$1.4B
Q4 24
$1.2B
$1.4B
Q3 24
$1.1B
$1.5B
Q2 24
$1.0B
$1.4B
Q1 24
$1.0B
$1.3B
Debt / Equity
INVX
INVX
IPAR
IPAR
Q4 25
0.02×
0.20×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.02×
Q4 24
0.03×
0.21×
Q3 24
0.01×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INVX
INVX
IPAR
IPAR
Operating Cash FlowLast quarter
$52.2M
$146.5M
Free Cash FlowOCF − Capex
$145.0M
FCF MarginFCF / Revenue
37.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
3.74×
5.21×
TTM Free Cash FlowTrailing 4 quarters
$190.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVX
INVX
IPAR
IPAR
Q4 25
$52.2M
$146.5M
Q3 25
$48.4M
$63.9M
Q2 25
$59.2M
$11.9M
Q1 25
$31.1M
$-7.4M
Q4 24
$36.3M
$138.0M
Q3 24
$21.7M
$76.1M
Q2 24
$22.8M
$25.5M
Q1 24
$12.6M
$-52.0M
Free Cash Flow
INVX
INVX
IPAR
IPAR
Q4 25
$145.0M
Q3 25
$57.6M
Q2 25
$-3.3M
Q1 25
$-8.8M
Q4 24
$136.1M
Q3 24
$75.4M
Q2 24
$16.6M
$24.4M
Q1 24
$7.8M
$-53.0M
FCF Margin
INVX
INVX
IPAR
IPAR
Q4 25
37.5%
Q3 25
13.4%
Q2 25
-1.0%
Q1 25
-2.6%
Q4 24
37.7%
Q3 24
17.8%
Q2 24
12.7%
7.1%
Q1 24
6.1%
-16.4%
Capex Intensity
INVX
INVX
IPAR
IPAR
Q4 25
0.4%
Q3 25
1.5%
Q2 25
4.5%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
4.7%
0.3%
Q1 24
3.7%
0.3%
Cash Conversion
INVX
INVX
IPAR
IPAR
Q4 25
3.74×
5.21×
Q3 25
1.23×
0.97×
Q2 25
3.86×
0.37×
Q1 25
2.11×
-0.17×
Q4 24
1.14×
5.69×
Q3 24
0.26×
1.22×
Q2 24
2.39×
0.69×
Q1 24
0.77×
-1.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INVX
INVX

Products$202.7M74%
Leasing$42.3M15%
Services$28.6M10%

IPAR
IPAR

European Based Operations$232.7M60%
United States Based Operations$155.2M40%

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