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Side-by-side financial comparison of Innovex International, Inc. (INVX) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $253.4M, roughly 1.1× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 46.2%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
INVX vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $253.4M |
| Net Profit | $14.0M | — |
| Gross Margin | 28.9% | — |
| Operating Margin | 9.4% | 28.7% |
| Net Margin | 5.1% | — |
| Revenue YoY | 9.1% | 62.7% |
| Net Profit YoY | -56.1% | — |
| EPS (diluted) | $0.20 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $240.0M | $244.7M | ||
| Q2 25 | $224.2M | $203.3M | ||
| Q1 25 | $240.4M | $174.6M | ||
| Q4 24 | $250.7M | $155.8M | ||
| Q3 24 | $151.8M | $148.5M | ||
| Q2 24 | $130.3M | $131.1M | ||
| Q1 24 | $128.0M | $118.5M |
| Q4 25 | $14.0M | — | ||
| Q3 25 | $39.2M | $51.5M | ||
| Q2 25 | $15.3M | $46.5M | ||
| Q1 25 | $14.8M | $42.9M | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | $82.6M | $30.5M | ||
| Q2 24 | $9.5M | $25.7M | ||
| Q1 24 | $16.4M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 26.0% | 27.4% | ||
| Q2 25 | 10.1% | 29.5% | ||
| Q1 25 | 9.1% | 30.8% | ||
| Q4 24 | 10.7% | 28.9% | ||
| Q3 24 | -8.7% | 25.9% | ||
| Q2 24 | 10.0% | 25.5% | ||
| Q1 24 | 17.4% | 29.0% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 16.3% | 21.0% | ||
| Q2 25 | 6.8% | 22.9% | ||
| Q1 25 | 6.1% | 24.6% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 54.4% | 20.5% | ||
| Q2 24 | 7.3% | 19.6% | ||
| Q1 24 | 12.8% | 22.3% |
| Q4 25 | $0.20 | $2.05 | ||
| Q3 25 | $0.57 | $1.87 | ||
| Q2 25 | $0.22 | $1.68 | ||
| Q1 25 | $0.21 | $1.57 | ||
| Q4 24 | $-0.03 | $1.29 | ||
| Q3 24 | $1.99 | $1.15 | ||
| Q2 24 | $0.30 | $1.00 | ||
| Q1 24 | $0.51 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $106.9M |
| Total DebtLower is stronger | $18.9M | — |
| Stockholders' EquityBook value | $1.1B | $942.7M |
| Total Assets | $1.3B | $3.1B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.9M | ||
| Q3 25 | — | $111.7M | ||
| Q2 25 | — | $81.3M | ||
| Q1 25 | — | $119.3M | ||
| Q4 24 | — | $80.4M | ||
| Q3 24 | — | $86.5M | ||
| Q2 24 | $185.6M | $47.8M | ||
| Q1 24 | $202.2M | $61.4M |
| Q4 25 | $18.9M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $942.7M | ||
| Q3 25 | $1.0B | $878.1M | ||
| Q2 25 | $995.6M | $847.2M | ||
| Q1 25 | $978.4M | $790.4M | ||
| Q4 24 | $958.2M | $729.0M | ||
| Q3 24 | $904.4M | $703.3M | ||
| Q2 24 | $352.5M | $532.6M | ||
| Q1 24 | $344.3M | $501.7M |
| Q4 25 | $1.3B | $3.1B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.0B | $2.0B | ||
| Q1 24 | $1.0B | $1.9B |
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $52.2M | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $409.1M | ||
| Q3 25 | $48.4M | $83.6M | ||
| Q2 25 | $59.2M | $120.9M | ||
| Q1 25 | $31.1M | $87.2M | ||
| Q4 24 | $36.3M | $261.2M | ||
| Q3 24 | $21.7M | $100.3M | ||
| Q2 24 | $22.8M | $55.1M | ||
| Q1 24 | $12.6M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | $16.6M | — | ||
| Q1 24 | $7.8M | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 4.7% | 0.0% | ||
| Q1 24 | 3.7% | 0.0% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 1.23× | 1.63× | ||
| Q2 25 | 3.86× | 2.60× | ||
| Q1 25 | 2.11× | 2.03× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.26× | 3.29× | ||
| Q2 24 | 2.39× | 2.14× | ||
| Q1 24 | 0.77× | 1.26× |
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% |
PLMR
Segment breakdown not available.
