Innovex International, Inc (INVX) - Net Assets
Based on the latest financial reports, Innovex International, Inc (INVX) has net assets worth $1.06 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.27 Billion) and total liabilities ($210.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Innovex International, Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.06 Billion |
| % of Total Assets | 83.39% |
| Annual Growth Rate | 7.85% |
| 5-Year Change | 485.82% |
| 10-Year Change | -22.02% |
| Growth Volatility | 47.05 |
Innovex International, Inc - Net Assets Trend (2004–2025)
This chart illustrates how Innovex International, Inc's net assets have evolved over time, based on quarterly financial data. Also explore Innovex International, Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Innovex International, Inc (2004–2025)
The table below shows the annual net assets of Innovex International, Inc from 2004 to 2025. For live valuation and market cap data, see INVX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.06 Billion | +10.39% |
| 2024-12-31 | $958.16 Million | +191.30% |
| 2023-12-31 | $328.92 Million | +30.90% |
| 2022-12-31 | $251.28 Million | +39.17% |
| 2021-12-31 | $180.55 Million | -82.66% |
| 2020-12-31 | $1.04 Billion | -4.51% |
| 2019-12-31 | $1.09 Billion | -0.50% |
| 2018-12-31 | $1.10 Billion | -15.32% |
| 2017-12-31 | $1.29 Billion | -4.57% |
| 2016-12-31 | $1.36 Billion | +2.41% |
| 2015-12-31 | $1.32 Billion | +6.37% |
| 2014-12-31 | $1.25 Billion | +0.26% |
| 2013-12-31 | $1.24 Billion | +16.46% |
| 2012-12-31 | $1.07 Billion | +15.26% |
| 2011-12-31 | $925.24 Million | +11.74% |
| 2010-12-31 | $828.01 Million | +17.43% |
| 2009-12-31 | $705.09 Million | +26.03% |
| 2008-12-31 | $559.45 Million | -5.58% |
| 2007-12-31 | $592.50 Million | +26.74% |
| 2006-12-31 | $467.50 Million | +41.90% |
| 2005-12-31 | $329.46 Million | +52.27% |
| 2004-12-31 | $216.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Innovex International, Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 96.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $285.27 Million | 26.97% |
| Common Stock | $691.00K | 0.07% |
| Other Comprehensive Income | $4.08 Million | 0.39% |
| Other Components | $767.65 Million | 72.58% |
| Total Equity | $1.06 Billion | 100.00% |
Innovex International, Inc Competitors by Market Cap
The table below lists competitors of Innovex International, Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wisdom Marine Lines Co Ltd
TW:2637
|
$1.79 Billion |
|
OEM International AB (publ)
ST:OEM-B
|
$1.79 Billion |
|
GRAIL, LLC
NASDAQ:GRAL
|
$1.79 Billion |
|
Investec Ltd
JSE:INL
|
$1.79 Billion |
|
Charter Hall Long Wale REIT
AU:CLW
|
$1.79 Billion |
|
Nantong Jiangshan Agrochemical & Chemicals Co Ltd
SHG:600389
|
$1.78 Billion |
|
Formula
TA:FORTY
|
$1.78 Billion |
|
Monadelphous Group Ltd
F:8MP
|
$1.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innovex International, Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 958,156,000 to 1,057,699,000, a change of 99,543,000 (10.4%).
- Net income of 83,298,000 contributed positively to equity growth.
- Share repurchases of 9,280,000 reduced equity.
- Other comprehensive income increased equity by 12,947,000.
- Other factors increased equity by 12,578,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $83.30 Million | +7.88% |
| Share Repurchases | $9.28 Million | -0.88% |
| Other Comprehensive Income | $12.95 Million | +1.22% |
| Other Changes | $12.58 Million | +1.19% |
| Total Change | $- | 10.39% |
Book Value vs Market Value Analysis
This analysis compares Innovex International, Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.36x to 1.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $6.23 | $27.13 | x |
| 2005-12-31 | $9.10 | $27.13 | x |
| 2006-12-31 | $11.59 | $27.13 | x |
| 2007-12-31 | $14.45 | $27.13 | x |
| 2008-12-31 | $13.88 | $27.13 | x |
| 2009-12-31 | $17.83 | $27.13 | x |
| 2010-12-31 | $20.67 | $27.13 | x |
| 2011-12-31 | $22.95 | $27.13 | x |
| 2012-12-31 | $26.32 | $27.13 | x |
| 2013-12-31 | $30.39 | $27.13 | x |
| 2014-12-31 | $30.98 | $27.13 | x |
| 2015-12-31 | $34.37 | $27.13 | x |
| 2016-12-31 | $36.01 | $27.13 | x |
| 2017-12-31 | $34.56 | $27.13 | x |
| 2018-12-31 | $29.57 | $27.13 | x |
| 2019-12-31 | $30.17 | $27.13 | x |
| 2020-12-31 | $29.54 | $27.13 | x |
| 2021-12-31 | $5.12 | $27.13 | x |
| 2022-12-31 | $16.08 | $27.13 | x |
| 2023-12-31 | $6.51 | $27.13 | x |
| 2024-12-31 | $18.93 | $27.13 | x |
| 2025-12-31 | $15.24 | $27.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innovex International, Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.51%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.20x
- Recent ROE (7.88%) is below the historical average (10.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.76% | 5.63% | 0.73x | 1.40x | $-9.16 Million |
| 2005 | 9.88% | 9.56% | 0.80x | 1.30x | $-379.20K |
| 2006 | 18.59% | 19.63% | 0.74x | 1.27x | $40.14 Million |
| 2007 | 18.22% | 21.78% | 0.71x | 1.18x | $48.69 Million |
| 2008 | 18.87% | 19.45% | 0.80x | 1.22x | $49.64 Million |
| 2009 | 14.91% | 19.46% | 0.66x | 1.16x | $34.63 Million |
| 2010 | 12.35% | 18.05% | 0.60x | 1.15x | $19.42 Million |
| 2011 | 10.30% | 15.84% | 0.55x | 1.17x | $2.74 Million |
| 2012 | 11.18% | 16.26% | 0.60x | 1.15x | $12.57 Million |
| 2013 | 13.67% | 19.47% | 0.63x | 1.12x | $45.63 Million |
| 2014 | 16.76% | 22.42% | 0.64x | 1.16x | $84.19 Million |
| 2015 | 14.50% | 22.74% | 0.59x | 1.08x | $59.56 Million |
| 2016 | 6.87% | 17.30% | 0.37x | 1.08x | $-42.42 Million |
| 2017 | -7.77% | -22.10% | 0.33x | 1.08x | $-230.09 Million |
| 2018 | -8.73% | -24.88% | 0.32x | 1.09x | $-205.31 Million |
| 2019 | 0.16% | 0.41% | 0.34x | 1.11x | $-107.35 Million |
| 2020 | -2.95% | -8.43% | 0.32x | 1.11x | $-134.92 Million |
| 2021 | 5.46% | 3.34% | 1.03x | 1.58x | $-8.20 Million |
| 2022 | 25.18% | 13.54% | 1.07x | 1.74x | $38.15 Million |
| 2023 | 22.48% | 13.31% | 1.17x | 1.45x | $41.03 Million |
| 2024 | 14.65% | 21.24% | 0.55x | 1.25x | $44.51 Million |
| 2025 | 7.88% | 8.51% | 0.77x | 1.20x | $-22.47 Million |
Industry Comparison
This section compares Innovex International, Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,594,164,139
- Average return on equity (ROE) among peers: 6.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Innovex International, Inc (INVX) | $1.06 Billion | 5.76% | 0.20x | $1.79 Billion |
| ProFrac Holding Corp. (ACDC) | $1.35 Billion | 6.77% | 1.17x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $1.21 Billion | -4.16% | 0.84x | $1.64 Billion |
| Archrock Inc (AROC) | $871.02 Million | 12.05% | 2.05x | $6.33 Billion |
| Baker Hughes Co (BKR) | $19.01 Billion | 13.61% | 1.15x | $62.90 Billion |
| ChampionX Corporation (CHX) | $1.68 Billion | 9.24% | 1.02x | $4.94 Billion |
| Core Laboratories NV (CLB) | $257.74 Million | 12.18% | 1.29x | $636.52 Million |
| Drilling Tools International Corp. (DTI) | $88.69 Million | 16.63% | 0.49x | $76.38 Million |
| Dawson Geophysical Company (DWSN) | $52.69 Million | 3.57% | 0.64x | $62.41 Million |
| Enerflex Ltd. (EFXT) | $1.12 Billion | -9.37% | 0.68x | $2.57 Billion |
| Forum Energy Technologies Inc (FET) | $307.04 Million | 1.21% | 1.72x | $597.54 Million |
About Innovex International, Inc
Innovex International, Inc. designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide. It provides drilling enhancement tools to optimize drilling performance, increase rate of penetration, and mitigate downhole challenges; and fishing and intervention which supports workover, intervention, drilling and completion activities, as wel… Read more