Innovex International, Inc. (INVX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
INVX Revenue Growth
Revenue Breakdown (FY 2025)
INVX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
INVX Revenue Analysis (2014–2025)
As of May 8, 2026, Innovex International, Inc. (INVX) generated trailing twelve-month (TTM) revenue of $976.9 million, reflecting slight decline in growth of -0.6% year-over-year. The most recent quarter (Q1 2026) recorded $239.0 million in revenue, down 12.6% sequentially.
Looking at the longer-term picture, INVX's 5-year compound annual growth rate (CAGR) stands at +21.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $978.3 million in 2025, representing a new all-time high.
Revenue diversification analysis shows INVX's business is primarily driven by Product (70%), Leasing (17%), and Service (13%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including DNOW (+41.3% YoY), NCSM (+6.5% YoY), and KLXE (-10.3% YoY), INVX has underperformed the peer group in terms of revenue growth. Compare INVX vs DNOW →
INVX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INVXCurrent | $977M | -0.6% | +21.8% | 11.6% | |
 DNOW | $2.8B | +41.3% | +11.7% | -2.9% | |
 NCSM | $185M | +6.5% | +11.5% | 6.4% | |
 KLXE | $637M | -10.3% | +18.1% | -4.8% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% |
INVX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $978.3M | +48.0% | $242.5M | 24.8% | $113.7M | 11.6% |
| 2024 | $660.8M | +18.9% | $232.6M | 35.2% | $49.1M | 7.4% |
| 2023 | $555.5M | +18.9% | $195.4M | 35.2% | $97.3M | 17.5% |
| 2022 | $467.2M | +58.5% | $158.1M | 33.8% | $75.8M | 16.2% |
| 2021 | $294.8M | -19.2% | $87.4M | 29.6% | $14.1M | 4.8% |
| 2020 | $365.0M | -12.0% | $95.1M | 26.1% | $-18,702,000 | -5.1% |
| 2019 | $414.8M | +7.8% | $119.4M | 28.8% | $5.7M | 1.4% |
| 2018 | $384.6M | -15.6% | $113.1M | 29.4% | $-31,334,000 | -8.1% |
| 2017 | $455.5M | -15.5% | $150.1M | 32.9% | $-8,336,000 | -1.8% |
| 2016 | $538.7M | -36.2% | $210.3M | 39.0% | $87.3M | 16.2% |
See INVX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs INVX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare INVX vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonINVX — Frequently Asked Questions
Quick answers to the most common questions about buying INVX stock.
Is INVX's revenue growth accelerating or slowing?
INVX revenue growth slowed to -0.6%, below the 5-year CAGR of +21.8%. TTM revenue is $977M. The deceleration marks a shift from historical growth rates.
What is INVX's long-term revenue growth rate?
Innovex International, Inc.'s 5-year revenue CAGR of +21.8% reflects the variable expansion pattern. Current YoY growth of -0.6% is near this long-term average.
How is INVX's revenue distributed by segment?
INVX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.