Innovex International Inc. Common Stock (INVX)

Cyclical

FairStock Score: 43/100 — MIXED

Key Financials

Current Price$29.91
Market Cap$2.1B
P/E Ratio33.61
ROE5.99%
Dividend Yield—%
SectorEnergy

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Innovex as a cyclical supplier to oil and gas, not a toll bridge. It designs, makes, and rents mission-critical drilling and intervention tools, so demand rides on drilling activity and operator budgets. The filed record is lumpy: in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $239.0M and net income was -$16.7M; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $244.9M and net income was $25.0M, or $0.36 diluted EPS. That Q2 improved from fiscal Q2 2025, when revenue was $224.2M and net income was $15.3M, or $0.22 diluted EPS. For the full fiscal year 2025, revenue was $978.3M, but net income was $83.3M and diluted EPS $1.20, down from fiscal year 2024 net income of $140.3M and diluted EPS $2.77 despite higher revenue. So growth is not converting into stable profits.

In plain English: Innovex International makes and rents tools used in oil and gas drilling and repair work. Sales have grown, but profits have been uneven: the company lost money in the quarter ended March 31, 2026, then earned money in the quarter ended June 30, 2026, and full-year profit fell in fiscal 2025 even though revenue rose. At the recent price of $28.70, the shares look expensive compared with its earnings and accounting value, though the business generates solid cash and uses little debt.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer