15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.9% per year over the past 5 years.
Operating margin has expanded, at 13.6% in the latest year.
Free cash flow has grown 26.3% per year over the past 5 years.
Financial health
Operating income covered interest expense 51× in the latest year, up from -102.3× 5 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$978M
$83M
31.0%
13.6%
—
—
$203M
2024
$661M
$140M
35.2%
7.4%
—
$25M
$73M
2023
$556M
$74M
35.2%
17.5%
$43M
—
$7M
2022
$467M
$63M
33.8%
16.2%
-$25M
—
$265M
2021
$288M
-$128M
-7.4%
-43.5%
$28M
—
$355M
2020
$334M
-$31M
19.4%
-19.0%
-$33M
—
$346M
2019
$375M
$2M
21.4%
0.7%
$3M
—
$399M
2018
$337M
-$96M
13.0%
-36.4%
$13M
—
$418M
2017
—
-$101M
—
—
$80M
—
$493M
2016
—
$93M
—
—
$221M
—
$423M
2015
—
$192M
—
—
$163M
—
—
2014
—
$209M
—
—
$107M
—
—
2013
—
$170M
—
—
$120M
—
—
2012
—
$119M
—
—
-$59M
—
—
2011
—
$95M
—
—
$46M
$57000
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$239M
-$17M
35.4%
-9.1%
—
—
$201M
Dec '25
$274M
$14M
28.9%
9.4%
—
—
$203M
Sep '25
$240M
$39M
31.6%
26.0%
—
—
$163M
Jun '25
$224M
$15M
32.0%
10.1%
—
—
$69M
Mar '25
$240M
$15M
31.8%
9.1%
—
—
$68M
Dec '24
$251M
$32M
33.9%
10.7%
—
$25M
$73M
Sep '24
$152M
$83M
34.7%
-8.7%
—
—
$100M
Jun '24
$130M
$10M
35.3%
10.0%
$17M
—
$189M
Mar '24
$128M
$16M
38.4%
17.4%
$8M
—
$202M
Dec '23
$133M
$18M
36.4%
17.5%
$10M
—
$7M
Sep '23
$139M
$15M
35.9%
17.2%
$91M
—
$181M
Jun '23
—
$3M
—
—
$1M
—
$236M
Mar '23
—
$2M
—
—
-$58M
—
$235M
Dec '22
$86M
-$405000
22.9%
-2.9%
-$23M
—
$265M
Sep '22
$79M
$13M
16.8%
15.7%
-$9M
—
$290M
Jun '22
$82M
-$6M
14.6%
-4.7%
-$11M
—
$321M
Mar '22
$73M
-$9M
12.5%
-7.6%
-$13M
—
$338M
Dec '21
$68M
-$63M
10.1%
-105.3%
$3M
—
$355M
Sep '21
$73M
-$11M
14.1%
-9.5%
$7M
—
$375M
Jun '21
$73M
-$19M
16.2%
-20.0%
$8M
—
$370M
Valuation over time
How the market has priced INVX against its own fundamentals since 2024-09 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 13.6× (Sep '24) to 20.9× (Jun '26).
The price-to-sales ratio has fallen from 1.8× (Sep '24) to 1.8× (Jun '26).
The dividend yield has fallen from 7.8% (Dec '24) to 4.9% (Nov '25).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is INVX growing its revenue and profit?
Over the past 5 years, Innovex International, Inc.'s revenue has grown 23.9% per year. These are computed facts, not advice.
How much debt does INVX have?
As of FY2025, Innovex International, Inc. reported — of total debt against $203M of cash; operating income covered interest expense 51×.
What is INVX's profit margin?
In FY2025, gross margin was 31.0%, operating margin 13.6%, and net margin 8.5%.
What is INVX's P/E ratio?
As of Jun '26, Innovex International, Inc. traded at a price-to-earnings ratio of about 20.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.