Innovex International, Inc. (INVX) intrinsic value & 10-year financials
Innovex International, Inc. (INVX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 6.8% a year to $978.3M, with an average return on invested capital of -1.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $28.03
- Market cap
- $1.9B
- Revenue (FY2025)
- $978.3M
- Revenue growth (10-yr CAGR)
- 6.8%
- ROIC (10-yr avg)
- -1.6%
- Free cash flow (FY2025)
- —
INVX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $978.3M | $83.3M | $1.20 | — | 13.6% | 9.5% |
| FY2024 | $660.8M | $140.3M | $2.77 | — | 7.4% | 5.8% |
| FY2023 | $555.5M | $604.0K | $0.02 | -$24.9M | 1.0% | 0.4% |
| FY2022 | $320.0M | $443.0K | $0.01 | -$55.6M | 0.8% | 0.2% |
| FY2021 | $287.9M | -$128.0M | -$3.62 | $28.4M | -43.4% | -20.0% |
| FY2020 | $334.4M | -$30.8M | -$0.87 | -$33.0M | -19.0% | -4.5% |
| FY2019 | $375.3M | $1.7M | $0.05 | $3.2M | 0.7% | 0.2% |
| FY2018 | $337.5M | -$95.7M | -$2.58 | $13.4M | -36.4% | -8.5% |
| FY2017 | $455.5M | -$100.6M | -$2.69 | $80.4M | -15.2% | -5.2% |
| FY2016 | $538.7M | $93.2M | $2.47 | $220.8M | 20.9% | 6.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Innovex International, Inc. has demonstrated mature, steady growth, with revenue compounding at 6.9% annually over the past decade.
Innovex International, Inc. has historically struggled to out-earn its cost of capital, averaging just -1.2% ROIC.
Innovex International, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Innovex International, Inc. is modeled at -7.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.16 per share.