Is the business good?
How good a business is INVX?
Innovex International, Inc. earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.2%
Return on invested capital · cost of capital 9.0% · 0.78 points below what the capital costs: growth destroys value
- Operating margin
- 9.1%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q1 2026
- Share count, year on year
- −0.77%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 32%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −17% |
| FY2021 | −39% |
| FY2022 | 21% |
| FY2023 | 23% |
| FY2024 | 7.4% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q1 2026
- 32%
- Operating margin12 months to Q1 2026
- 9.1%
- Net margin12 months to Q1 2026
- 5.3%
- Revenue, trailing twelve months
- $977M
- Net income, trailing twelve months
- $52M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #24 of 27 by Smart Score