INVXInnovex International, Inc.

$28.06+62% 1Y

$28.06

$17.2152 weeks$31.62

Is the business good?

Mixed

The checks split: earnings fully cash-backed (2.5×), but margins compressing.

1 good, 1 to watch, 2 neutral

Fundamental health (F-score)6 / 9SEC EDGAR · Dec 31, 2025

Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.

Profits arrive as cash2.52×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is worsening vs a year ago.

Margin direction, 3 years−14.2 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from6% ROA

A balanced mix of margins, efficiency, and leverage. ROE 7% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Leverage (Debt/EBITDA)top 5% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Innovex International, Inc. earns 9.2% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

9.2%

Return on invested capital · cost of capital 9.0% · 0.17 points above what the capital costs: growth creates value

Operating margin: 10%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
Cash conversion: 2.52×
Cash conversion · 2.66× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: +0.54%
Share count, year on year · flat: no meaningful dilution

Details›

Gross margin12 months to Q2 2026: 32%
Operating margin12 months to Q2 2026: 10%
Net margin12 months to Q2 2026: 6.2%
Revenue, trailing twelve months: $998M
Net income, trailing twelve months: $62M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 9.2%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Ranks #10 of 29 by RyuScore