Innovex International, Inc. (INVX) Financial Ratios
22 years of historical data (2004–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↑
9.57
+17% vs avg
5yr avg: 8.20
30Y Low8.2·High8.2
P/FCF
↑
11.25
↑+21% vs avg
5yr avg: 9.30
30Y Low8.9·High9.7
P/B Ratio
↑
1.68
↑+54% vs avg
5yr avg: 1.09
30Y Low0.7·High1.4
ROE
↑
8.3%
↑-52% vs avg
5yr avg: 17.3%
30Y Low-8%·High29%
Debt/EBITDA
↓
0.69
↓-27% vs avg
5yr avg: 0.95
30Y Low0.0·High1.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
INVX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Innovex International, Inc. trades at 21.3x earnings, 83% above its 5-year average of 11.6x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a premium of 38%. On a free-cash-flow basis, the stock trades at 11.3x P/FCF, 21% above the 5-year average of 9.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $1.5B | $707M | — | — | — | — | — | — | — | — |
| Enterprise Value | $1.7B | $1.4B | $725M | — | — | — | — | — | — | — | — |
| P/E Ratio → | 21.31 | 18.23 | 5.04 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.79 | 1.55 | 1.07 | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.68 | 1.43 | 0.74 | — | — | — | — | — | — | — | — |
| P/FCF | 11.25 | 9.74 | 8.86 | — | — | — | — | — | — | — | — |
| P/OCF | 9.18 | 7.95 | 7.57 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
INVX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Innovex International, Inc.'s enterprise value stands at 9.6x EBITDA, 17% above its 5-year average of 8.2x. The Energy sector median is 7.8x, placing the stock at a 22% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.47 | 1.10 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 9.57 | 8.22 | 8.18 | — | — | — | — | — | — | — | — |
| EV / EBIT | 14.68 | 10.94 | 4.99 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 9.21 | 9.08 | — | — | — | — | — | — | — | — |
INVX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Innovex International, Inc. earns an operating margin of 11.6%, below the Energy sector average of 13.8%. Operating margins have compressed from 17.5% to 11.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.3% is modest. ROIC of 8.7% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 24.8% | 35.2% | 35.2% | 33.8% | 29.6% | 26.1% | 28.8% | 29.4% | 32.9% | 39.0% |
| Operating Margin | 11.6% | 11.6% | 7.4% | 17.5% | 16.2% | 4.8% | -5.1% | 1.4% | -8.1% | -1.8% | 16.2% |
| Net Profit Margin | 8.5% | 8.5% | 21.2% | 13.3% | 13.5% | 3.3% | -8.4% | 0.4% | -24.9% | -22.1% | 17.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 21.8% | 25.5% | 29.3% | 1.6% | -2.9% | 0.2% | -8.0% | -7.6% | 7.0% |
| ROA | 6.8% | 6.8% | 16.8% | 16.2% | 17.5% | 1.4% | -2.6% | 0.1% | -7.4% | -7.0% | 6.5% |
| ROIC | 8.7% | 8.7% | 5.3% | 19.1% | 20.0% | 2.3% | -2.0% | 0.6% | -3.2% | -0.7% | 7.0% |
| ROCE | 10.6% | 10.6% | 6.9% | 26.0% | 26.8% | 2.2% | -1.7% | 0.5% | -2.6% | -0.6% | 6.5% |
INVX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Innovex International, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (74% below the sector average of 2.6x). The company holds a net cash position — cash of $203M exceeds total debt of $120M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 50.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.10 | 0.26 | 0.46 | 0.22 | 0.01 | 0.01 | — | — | — |
| Debt / EBITDA | 0.69 | 0.69 | 1.03 | 0.67 | 1.14 | 1.23 | 0.53 | 0.14 | — | — | — |
| Net Debt / Equity | — | -0.08 | 0.02 | 0.24 | 0.42 | 0.16 | -0.33 | -0.36 | -0.38 | -0.38 | -0.31 |
| Net Debt / EBITDA | -0.48 | -0.48 | 0.20 | 0.61 | 1.05 | 0.93 | -24.75 | -9.91 | -105.10 | -15.11 | -3.56 |
| Debt / FCF | — | -0.53 | 0.22 | 1.28 | — | — | — | -123.82 | -31.10 | -6.14 | -1.92 |
| Interest Coverage | 50.78 | 50.78 | 59.77 | 18.14 | 19.08 | 7.35 | -98.92 | 34.21 | — | — | — |
Net cash position: cash ($203M) exceeds total debt ($120M)
INVX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Innovex International, Inc.'s current ratio of 4.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.24x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.67x to 4.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.91 | 4.91 | 3.94 | 3.67 | 3.32 | 2.77 | 10.09 | 9.08 | 10.37 | 10.09 | 10.41 |
| Quick Ratio | 3.24 | 3.24 | 2.28 | 1.87 | 1.71 | 1.45 | 7.61 | 6.97 | 8.05 | 7.18 | 6.91 |
| Cash Ratio | 1.37 | 1.37 | 0.45 | 0.09 | 0.10 | 0.14 | 4.05 | 4.12 | 5.08 | 4.94 | 4.17 |
| Asset Turnover | — | 0.77 | 0.55 | 1.17 | 1.07 | 1.03 | 0.32 | 0.34 | 0.32 | 0.33 | 0.37 |
| Inventory Turnover | 2.96 | 2.96 | 1.58 | 2.55 | 2.26 | 2.25 | 1.27 | 1.44 | 1.42 | 1.05 | 0.92 |
| Days Sales Outstanding | — | 88.72 | 147.12 | 80.25 | 98.62 | 102.34 | 256.54 | 218.36 | 191.85 | 153.57 | 144.66 |
INVX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Innovex International, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 10.6% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 53.4% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 5.5% | 19.8% | — | — | — | — | — | — | — | — |
| FCF Yield | 8.9% | 10.3% | 11.3% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 10.6% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $69M | $51M | $51M | $16M | $35M | $35M | $36M | $37M | $37M | $38M |
Peer Comparison
Compare INVX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 INVXYou | $2B | 21.3 | 9.6 | 11.3 | 24.8% | 11.6% | 8.3% | 8.7% | 0.7 |
 DNOW | $2B | -18.0 | — | 11.9 | 17.0% | -2.9% | -5.3% | -3.3% | — |
 NCSM | $130M | 5.7 | 6.0 | 6.2 | 38.2% | 6.4% | 18.3% | 7.9% | 0.7 |
 NINE | $487M | -9.0 | 17.0 | — | 10.7% | 0.1% | — | 0.1% | 7.7 |
 KLXE | $46M | -0.6 | 5.5 | — | 6.3% | -4.8% | — | -9.4% | 4.9 |
 WTTR | $2B | 88.5 | 11.2 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 OIS | $479M | -4.3 | 11.6 | 6.5 | 12.8% | -0.7% | -17.4% | -0.5% | 2.0 |
 LBRT | $4B | 30.5 | 9.0 | 312.3 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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INVX — Frequently Asked Questions
Quick answers to the most common questions about buying INVX stock.
What is Innovex International, Inc.'s P/E ratio?
Innovex International, Inc.'s current P/E ratio is 21.3x. The historical average is 11.6x. This places it at the 100th percentile of its historical range.
What is Innovex International, Inc.'s EV/EBITDA?
Innovex International, Inc.'s current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
What is Innovex International, Inc.'s ROE?
Innovex International, Inc.'s return on equity (ROE) is 8.3%. The historical average is 11.5%.
Is INVX stock overvalued?
Based on historical data, Innovex International, Inc. is trading at a P/E of 21.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Innovex International, Inc.'s profit margins?
Innovex International, Inc. has 24.8% gross margin and 11.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Innovex International, Inc. have?
Innovex International, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.