Innovex International, Inc (INVX) AI Stock Analysis

Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. Its offerings include drilling enhancement tools to optimize performance and increase rate of penetration, as well as fishing and intervention tools that support workover, drilling, and completion activities. The company provides well production solutions such as artificial lift products, wellhead penetrators, and surface wellhead systems. In addition, it supplies subsea equipment for offshore applications, well completion portfolios including liner hanger systems and frac plugs, well construction products, and solutions supporting cement placement between wellbores and casing.

Innovex grew its annual revenue from $294.8M in FY2021 to $978.3M in FY2025, reflecting a 5-year revenue CAGR of 21.8% from FY2020 to FY2025. Annual top-line growth was 58.5% in FY2022, 18.9% in FY2023, 18.9% in FY2024, and 48.0% in FY2025. Net income moved from $9.9M with EPS of -$3.63 in FY2021 to $83.3M with EPS of $1.77 in FY2025, down from net income of $140.3M in FY2024. In FY2025, gross margin was 24.8% and operating margin was 11.6%. For the trailing twelve months ended June 30, 2026, revenue stood at $997.5M. In the latest quarter ended June 30, 2026, quarterly revenue grew 9.2% and quarterly earnings grew 63.6% year over year.

As of June 30, 2026, Innovex held $222.1M in cash and short-term investments against total debt of $74.6M, resulting in net cash of $147.5M. Total assets stood at $1.33B and shareholders' equity was $1.06B, supported by a current ratio of 5.01 and a debt-to-equity ratio of 0.07. For FY2025, operating cash flow was $190.9M and free cash flow was $155.8M. Cash deployment in FY2025 included $35.1M in capital expenditures and $9.3M in share buybacks.

Innovex trades at a trailing P/E of 31.5x, above the 15.0x median of its US-listed Energy peers. Its enterprise value stands at $1.84B, with an EV/EBITDA of 8.5x compared to the peer median of 8.0x, and a price-to-sales ratio of 2.0x versus the peer median of 1.8x. TTM operating margin of 11.6% is below the peer median of 28.5%. Over the past year, the stock returned 57.8%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year span, the stock returned 10.4%, trailing the S&P 500 return of 83.0%.

Wall Street coverage consists of 3 Strong Buy, 1 Buy, and 1 Hold ratings. The mean price target of $33.40 implies upside of 19.2% from the last close of $28.03 on October 16, 2026. For FY2026 ending December 31, 2026, analysts estimate revenue of $1.02B and EPS of $1.54, reflecting 45.8% EPS growth. For the following fiscal year, 4 analysts project revenue of $1.11B and EPS of $1.87. The company beat EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 2, 2026.

This page is an AI-written research summary of Innovex International, Inc (INVX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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