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Other geography segments

US
$326.29M-8.5%
SA
$61.24M+28.8%
CA
$34.77M+264%
BR
$18.93M+386%
AR
$6.94M-17.6%

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Other financials

Income statement

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Revenue$239.0M-0.6%
Gross profit$84.5M+10.5%
Operating income-$21.8M-200%
Net income-$16.7M-213%
EPS (diluted)-$0.24-214%

Balance sheet

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Cash & equivalents$200.7M+195%
Total debt$100.4M+7.5%
Total equity$1.0B+5.4%
Total assets$1.3B+7.7%

Cash flow

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Operating cash flow$19.8M-36.2%
CapEx$223.0K-34.6%
Free cash flow$19.6M-36.2%

Valuation

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Market cap$2.15B+93.4%
Enterprise value$2.05B+77.5%
P/E41.4×+33.7×
P/S2.2×+0.9×

Profitability

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Gross margin31.9%-0.9pp
Operating margin9.1%+2.7pp
Net margin5.3%-12.9pp
FCF margin15%-9.6pp

Returns & leverage

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Return on equity5.2%-15.8pp
Debt / equity0.1×0.0×
Current ratio5.1×+0.8×

Where this comes from

Reported directly by Innovex International in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Innovex International’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:34 PM EST
Fiscal year
FY2025
Accession
0001193125-26-067228
(in thousands)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Canada (b)86,98734,7679,554
Other – ECAF (a)81,58035,76821,103
Saudi Arabia69,56661,23847,534
Brazil39,73818,9303,894
Mexico38,02721,79824,370
Argentina9,5246,9398,426
Other – LATAM (a)9,4217,5425,692
Total$978,251$660,803$555,539

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Innovex International's MX — revenue?
Innovex International (INVX) reported MX — revenue of $9.51M in Q4 2025.
How has Innovex International's MX — revenue changed year-over-year?
Innovex International's MX — revenue increased by 74.5% year-over-year, from $5.45M to $9.51M.
What is the long-term trend for Innovex International's MX — revenue?
Over 2 years (2023 to 2025), Innovex International's MX — revenue has grown at a 24.9% compound annual growth rate (CAGR), from $24.37M to $38.03M.
What does MX — revenue mean?
This metric represents the total gross income generated from sales of products and services within the specific MX segment, net of any assessed taxes. It serves as a primary indicator of the segment's market demand, commercial traction, and contribution to the overall corporate top-line performance. By excluding tax-related pass-throughs, it provides a cleaner view of the actual economic value captured by the company's operational activities in this specific market or product category.

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