Reading INVX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track INVX free→Reading INVX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track INVX free→NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, while earnings quality is robust, cash backs up reported profits. Management's recent track record has been steady, and risk is moderate. The sector backdrop is a headwind, and compared with sector peers, INVX is typical. Peer multiples imply a price about 10% above where it trades (it looks cheap on this basis); the read is fair. If INVX cuts guidance on the next call, that's a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 7 valuation methods, at three horizons. Current price $28.20. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $28 INVX trades at 19× p/e, below its 21× p/e peer median. Our $31 fair value sits above the price; high confidence. Analysts: $26–$34. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 10% below a flat-multiple fair value, below our forecast of about 11%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 53% of the time over the next year (vs 60% for the rest of the cohort, n=1255).
Over the trailing year it converted 3.46x of net income into operating cash flow. Historically, Energy names rated robust grew net income 58% of the time over the next year (vs 35% for the rest of the cohort, n=602).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to long-term interest rates, real (inflation-adjusted) rates, the US dollar, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.30 → $0.31 (+3.6% / 30d). 1 raised, 1 cut, 4 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 80% of analysts rate Buy.
2 PT revisions / 30d. Avg target 24.2% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$147.
How much price usually moves either way.
On a bad day, this stock has moved -$364.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,791.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Hitting or beating revenue goals shows strong demand and good operations.
Confirms:Q2 revenue comes in at $245 million or higher.
Disproves:Q2 revenue falls below $235 million.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for INVX yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
The issuance of Consideration Shares to the Seller pursuant to the Purchase Agreement is exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Innovex International, Inc. Date: June 15, 2026 By: /s/ Adam Anderson Adam Anderson Chief E…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$26.00 – $34.00 (median $34.00) · 3 analysts · as of 2026-06-08
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Oil & Gas Equipment & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
INVX Innovex International, Inc. | Typical Show detailsSector percentile: 59 of 100 | fair | moderate |
SLB Schlumberger | Typical Show detailsSector percentile: 63 of 100 | fair | moderate |
BKR Baker Hughes | Above typical Show detailsSector percentile: 74 of 100 | full | moderate |
HAL Halliburton | Above typical Show detailsSector percentile: 81 of 100 | fair | moderate |
FTI TechnipFMC | Above typical Show detailsSector percentile: 78 of 100 | full | moderate |
2 material management or governance events in the past 24 months, led by legal/regulatory items. Historically, Energy names rated stable grew net income 53% of the time over the next year (vs 45% for the rest of the cohort, n=249).
Not investment advice. As of 2026-06-15.
via XLE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Innovex is prioritizing both organic growth and strategic acquisitions to enhance its market position.
Stated in 2 of last 2 quarters. Revenue decreased from $273.6M in 2025-Q4 to $239M in 2026-Q1, indicating limited progress in organic growth. The acquisition of DIS for $16M suggests some inorganic growth activity. Persistent statement, limited substantive delivery this quarter.
“We continue to focus on both organic and inorganic investment opportunities.”
“We examine a deep pipeline of inorganic investment opportunities.”
Innovex aims to enhance margins in its subsea business through operational efficiencies.
Stated in 2 of last 2 quarters. Adjusted EBITDA margin improved from 19% in 2025-Q4 to 21% in 2026-Q1, indicating some progress in margin improvement. However, revenue declined, suggesting mixed results. Recurring focus, narrow delivery so far.
“Our margins are improving, and we are gaining share organically.”
Innovex is committed to generating strong free cash flow to support its operations and investments.
Stated in 2 of last 2 quarters. Free Cash Flow was $14M in 2026-Q1, down from $43M in 2025-Q4, indicating a decline in cash flow generation. Despite the recurring focus, the trajectory shows limited progress this quarter.
Innovex aims to achieve revenue between $235 million and $245 million for 2026-Q2.
Innovex aims to achieve Adjusted EBITDA between $43 million and $48 million for 2026-Q2.
Why it matters: Earnings results will provide insights into revenue and profitability trends. This is a key moment for investors to gauge performance.
Confirms one read:Earnings report shows revenue and adjusted EBITDA growth from Q1.
Confirms the other:Earnings report shows revenue and adjusted EBITDA decline from Q1.
Why it matters: Completing this exit is key for improving margins. It will also help efficiency.
Confirms:Completion of the exit is confirmed by a press release or earnings update.
Disproves:There are more delays in leaving the Eldridge facility.
Why it matters: High unemployment claims can show economic problems. This may hurt Innovex's business. Lower claims may mean a stronger economy.
Confirms one read:Unemployment claims drop below 200,000 for both weeks.
Confirms the other:Unemployment claims rise above 300,000 for either week.
Why it matters: Better cash flow shows good financial management. It can help support growth plans.
Confirms:Operational cash flow is improving or is better than last quarter.
Disproves:Operational cash flow is still going down or is not changing.
Why it matters: Hitting the EBITDA target shows good cost control. It also shows efficient operations.
Confirms:Adjusted EBITDA for Q2 reaches $48 million or more.
Disproves:Adjusted EBITDA for Q2 falls below $43 million.
Why it matters: Winning new projects shows strong demand and growth in subsea work.
Confirms:More subsea project awards in Asia over $20 million have been announced.
Disproves:No new subsea project awards in Asia are announced.
Why it matters: If the energy sector's revenue growth speeds up, it could help Innovex's performance. This would signal a shift in the sector's maturity phase.
Confirms:Sector revenue growth exceeds 6% in the next quarter.
Disproves:Sector revenue growth remains below 6% in the next quarter.
Results of Operations and Financial Condition. On May 4, 2026, Innovex International, Inc. (the “Company”) issued a press release announcing its results for the quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The Company’s press release announcing its results for the quarter ended March 31, 2026 contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation…
Results of Operations and Financial Condition. On February 23, 2026, Innovex International, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The Company’s press release announcing its results for the quarter and year ended December 31, 2025 contain certain non-GAAP financial measures (as defined under the Securit…
Other Events. Innovex International, Inc. (“Innovex,” the “Company” or “we”) today announced that on March 5, 2026, a jury in the U.S. District Court for the Southern District of Texas returned a verdict against Downhole Well Solutions, LLC (“DWS”), a wholly owned subsidiary of Innovex. As previously disclosed, in 2023 Impulse Downhole Solutions Ltd. and Impulse Downhole Tools USA Ltd. (collectively, “Impulse”) filed a lawsuit against DWS (captioned Impulse Downhole Solutions Ltd., and Impuls…
Entry into a Material Definitive Agreement. On February 25, 2026, Innovex International, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with certain affiliates of Amberjack Capital Partners, L.P. (the “Selling Stockholders”) and J.P. Morgan Securities LLC, as representative of the several underwriters listed on Schedule 1 thereto (the “Underwriters”), relating to the offer and sale by the Selling Stockholders of 5,750,000 shares of common stock, par…
“We expect improved subsea margins by year-end 2026.”
“We generated strong Free Cash Flow in the quarter.”
“Strong Free Cash Flow in the fourth quarter and full year 2025.”