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Side-by-side financial comparison of Innovex International, Inc. (INVX) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). Innovex International, Inc. runs the higher net margin — 5.1% vs 5.0%, a 0.1% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 7.1%).
INVX vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $242.1M |
| Net Profit | $14.0M | $12.1M |
| Gross Margin | 28.9% | — |
| Operating Margin | 9.4% | 6.8% |
| Net Margin | 5.1% | 5.0% |
| Revenue YoY | 9.1% | 11.5% |
| Net Profit YoY | -56.1% | -16.2% |
| EPS (diluted) | $0.20 | $0.12 |
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.
| Q4 25 | $273.6M | $242.1M | ||
| Q3 25 | $240.0M | $258.5M | ||
| Q2 25 | $224.2M | $240.7M | ||
| Q1 25 | $240.4M | $219.6M | ||
| Q4 24 | $250.7M | $217.2M | ||
| Q3 24 | $151.8M | $241.7M | ||
| Q2 24 | $130.3M | $224.9M | ||
| Q1 24 | $128.0M | $211.2M |
| Q4 25 | $14.0M | $12.1M | ||
| Q3 25 | $39.2M | $24.3M | ||
| Q2 25 | $15.3M | $19.9M | ||
| Q1 25 | $14.8M | $15.3M | ||
| Q4 24 | $31.8M | $14.4M | ||
| Q3 24 | $82.6M | $21.6M | ||
| Q2 24 | $9.5M | $15.8M | ||
| Q1 24 | $16.4M | $21.2M |
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 38.4% | — |
| Q4 25 | 9.4% | 6.8% | ||
| Q3 25 | 26.0% | 10.2% | ||
| Q2 25 | 10.1% | 9.2% | ||
| Q1 25 | 9.1% | 7.7% | ||
| Q4 24 | 10.7% | 7.9% | ||
| Q3 24 | -8.7% | 10.3% | ||
| Q2 24 | 10.0% | 8.4% | ||
| Q1 24 | 17.4% | 8.0% |
| Q4 25 | 5.1% | 5.0% | ||
| Q3 25 | 16.3% | 9.4% | ||
| Q2 25 | 6.8% | 8.3% | ||
| Q1 25 | 6.1% | 7.0% | ||
| Q4 24 | 12.7% | 6.6% | ||
| Q3 24 | 54.4% | 8.9% | ||
| Q2 24 | 7.3% | 7.0% | ||
| Q1 24 | 12.8% | 10.0% |
| Q4 25 | $0.20 | $0.12 | ||
| Q3 25 | $0.57 | $0.23 | ||
| Q2 25 | $0.22 | $0.19 | ||
| Q1 25 | $0.21 | $0.15 | ||
| Q4 24 | $-0.03 | $0.13 | ||
| Q3 24 | $1.99 | $0.20 | ||
| Q2 24 | $0.30 | $0.15 | ||
| Q1 24 | $0.51 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.3M |
| Total DebtLower is stronger | $18.9M | $84.0M |
| Stockholders' EquityBook value | $1.1B | $542.6M |
| Total Assets | $1.3B | $707.1M |
| Debt / EquityLower = less leverage | 0.02× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | $185.6M | $62.5M | ||
| Q1 24 | $202.2M | $65.4M |
| Q4 25 | $18.9M | $84.0M | ||
| Q3 25 | $20.1M | $85.2M | ||
| Q2 25 | $34.8M | $96.2M | ||
| Q1 25 | $19.7M | $97.4M | ||
| Q4 24 | $24.9M | $98.6M | ||
| Q3 24 | $12.4M | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.1B | $542.6M | ||
| Q3 25 | $1.0B | $552.8M | ||
| Q2 25 | $995.6M | $548.3M | ||
| Q1 25 | $978.4M | $530.6M | ||
| Q4 24 | $958.2M | $554.5M | ||
| Q3 24 | $904.4M | $540.1M | ||
| Q2 24 | $352.5M | $532.7M | ||
| Q1 24 | $344.3M | $515.5M |
| Q4 25 | $1.3B | $707.1M | ||
| Q3 25 | $1.3B | $732.6M | ||
| Q2 25 | $1.2B | $731.8M | ||
| Q1 25 | $1.2B | $708.7M | ||
| Q4 24 | $1.2B | $746.4M | ||
| Q3 24 | $1.1B | $734.0M | ||
| Q2 24 | $1.0B | $756.8M | ||
| Q1 24 | $1.0B | $763.6M |
| Q4 25 | 0.02× | 0.15× | ||
| Q3 25 | 0.02× | 0.15× | ||
| Q2 25 | 0.03× | 0.18× | ||
| Q1 25 | 0.02× | 0.18× | ||
| Q4 24 | 0.03× | 0.18× | ||
| Q3 24 | 0.01× | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $52.2M | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 3.74× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $20.0M | ||
| Q3 25 | $48.4M | $33.2M | ||
| Q2 25 | $59.2M | $20.3M | ||
| Q1 25 | $31.1M | $10.1M | ||
| Q4 24 | $36.3M | $16.6M | ||
| Q3 24 | $21.7M | $28.6M | ||
| Q2 24 | $22.8M | $18.7M | ||
| Q1 24 | $12.6M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | $16.6M | $17.6M | ||
| Q1 24 | $7.8M | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | 12.7% | 7.8% | ||
| Q1 24 | 6.1% | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 4.7% | 0.5% | ||
| Q1 24 | 3.7% | 0.6% |
| Q4 25 | 3.74× | 1.65× | ||
| Q3 25 | 1.23× | 1.36× | ||
| Q2 25 | 3.86× | 1.02× | ||
| Q1 25 | 2.11× | 0.66× | ||
| Q4 24 | 1.14× | 1.15× | ||
| Q3 24 | 0.26× | 1.33× | ||
| Q2 24 | 2.39× | 1.19× | ||
| Q1 24 | 0.77× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
