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Side-by-side financial comparison of Innovex International, Inc. (INVX) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $140.7M, roughly 1.9× Purple Innovation, Inc.). Innovex International, Inc. runs the higher net margin — 5.1% vs -2.3%, a 7.4% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 8.3%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
INVX vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $140.7M |
| Net Profit | $14.0M | $-3.2M |
| Gross Margin | 28.9% | 41.9% |
| Operating Margin | 9.4% | -1.6% |
| Net Margin | 5.1% | -2.3% |
| Revenue YoY | 9.1% | 9.1% |
| Net Profit YoY | -56.1% | 62.1% |
| EPS (diluted) | $0.20 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $240.0M | $118.8M | ||
| Q2 25 | $224.2M | $105.1M | ||
| Q1 25 | $240.4M | $104.2M | ||
| Q4 24 | $250.7M | $129.0M | ||
| Q3 24 | $151.8M | $118.6M | ||
| Q2 24 | $130.3M | $120.3M | ||
| Q1 24 | $128.0M | $120.0M |
| Q4 25 | $14.0M | $-3.2M | ||
| Q3 25 | $39.2M | $-11.7M | ||
| Q2 25 | $15.3M | $-17.3M | ||
| Q1 25 | $14.8M | $-19.1M | ||
| Q4 24 | $31.8M | $-8.5M | ||
| Q3 24 | $82.6M | $-39.2M | ||
| Q2 24 | $9.5M | $27.0K | ||
| Q1 24 | $16.4M | $-50.2M |
| Q4 25 | 28.9% | 41.9% | ||
| Q3 25 | 31.6% | 42.8% | ||
| Q2 25 | 32.0% | 35.9% | ||
| Q1 25 | 31.8% | 39.4% | ||
| Q4 24 | 33.9% | 42.9% | ||
| Q3 24 | 34.7% | 29.7% | ||
| Q2 24 | 35.3% | 40.7% | ||
| Q1 24 | 38.4% | 34.8% |
| Q4 25 | 9.4% | -1.6% | ||
| Q3 25 | 26.0% | -10.2% | ||
| Q2 25 | 10.1% | -13.5% | ||
| Q1 25 | 9.1% | -13.9% | ||
| Q4 24 | 10.7% | -6.0% | ||
| Q3 24 | -8.7% | -39.5% | ||
| Q2 24 | 10.0% | -12.1% | ||
| Q1 24 | 17.4% | -19.3% |
| Q4 25 | 5.1% | -2.3% | ||
| Q3 25 | 16.3% | -9.9% | ||
| Q2 25 | 6.8% | -16.5% | ||
| Q1 25 | 6.1% | -18.4% | ||
| Q4 24 | 12.7% | -6.6% | ||
| Q3 24 | 54.4% | -33.1% | ||
| Q2 24 | 7.3% | 0.0% | ||
| Q1 24 | 12.8% | -41.8% |
| Q4 25 | $0.20 | $0.03 | ||
| Q3 25 | $0.57 | $0.11 | ||
| Q2 25 | $0.22 | $0.16 | ||
| Q1 25 | $0.21 | $0.18 | ||
| Q4 24 | $-0.03 | $0.08 | ||
| Q3 24 | $1.99 | $0.36 | ||
| Q2 24 | $0.30 | $0.00 | ||
| Q1 24 | $0.51 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.3M |
| Total DebtLower is stronger | $18.9M | $126.7M |
| Stockholders' EquityBook value | $1.1B | $-29.7M |
| Total Assets | $1.3B | $296.3M |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | $185.6M | $23.4M | ||
| Q1 24 | $202.2M | $34.5M |
| Q4 25 | $18.9M | $126.7M | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | $70.7M | ||
| Q3 24 | $12.4M | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $-29.7M | ||
| Q3 25 | $1.0B | $-26.9M | ||
| Q2 25 | $995.6M | $-15.6M | ||
| Q1 25 | $978.4M | $1.3M | ||
| Q4 24 | $958.2M | $20.2M | ||
| Q3 24 | $904.4M | $28.0M | ||
| Q2 24 | $352.5M | $66.4M | ||
| Q1 24 | $344.3M | $65.5M |
| Q4 25 | $1.3B | $296.3M | ||
| Q3 25 | $1.3B | $302.1M | ||
| Q2 25 | $1.2B | $303.8M | ||
| Q1 25 | $1.2B | $293.8M | ||
| Q4 24 | $1.2B | $307.8M | ||
| Q3 24 | $1.1B | $309.3M | ||
| Q2 24 | $1.0B | $362.1M | ||
| Q1 24 | $1.0B | $382.1M |
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | 3.50× | ||
| Q3 24 | 0.01× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $-5.8M | ||
| Q3 25 | $48.4M | $-968.0K | ||
| Q2 25 | $59.2M | $-4.0M | ||
| Q1 25 | $31.1M | $-23.1M | ||
| Q4 24 | $36.3M | $6.8M | ||
| Q3 24 | $21.7M | $1.1M | ||
| Q2 24 | $22.8M | $-8.9M | ||
| Q1 24 | $12.6M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | $16.6M | $-11.0M | ||
| Q1 24 | $7.8M | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 12.7% | -9.2% | ||
| Q1 24 | 6.1% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | 4.7% | 1.7% | ||
| Q1 24 | 3.7% | 2.5% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 2.39× | -330.22× | ||
| Q1 24 | 0.77× | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
