Innovex International (INVX)
Designs well-construction, completion, production and intervention tools for onshore and offshore operators.
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Designs, manufactures, sells and rents engineered tools for well construction, completion, production and intervention, including downhole consumables, surface wellheads and subsea systems. Revenue is split roughly evenly between North America and international/offshore markets, while demand depends on oil and gas operators' drilling and capital-spending cycles.
Designs, manufactures, sells and rents engineered products used from well construction through completion, production and intervention. The portfolio spans cementing and liner-hanger systems, drilling-enhancement and fishing tools, artificial-lift accessories, surface wellheads, and subsea wellheads and connectors. Recent acquisitions added specialized float equipment, cement-retaining tools, glass barriers, and tubing-conveyed perforating technologies.
Serves onshore and offshore operators, national oil companies, and oilfield-service providers, with revenue split roughly evenly between North America and international/offshore markets. Develops products with anchor customers and uses an established sales and distribution network to extend acquired technologies. Demand remains tied to exploration and production spending and volatile commodity prices, while selected frac-plug and intervention products rely on a limited supplier base.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Barclays | Reiterate | Rating: —Target: $26 | Target: $27 |
| Jun 8, 2026 | Jefferies | Target | Target: — | Target: $34 |
| May 18, 2026 | Piper Sandler | Reiterate | Rating: —Target: $27 | Target: $34 |
| May 7, 2026 | Barclays | Target | Target: — | Target: $26 |
| Dec 18, 2025 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $222.1M · Total debt $74.6M · Total assets $1.33B · Shareholders' equity $1.06B
- Revenue
- $244.9M
- Operating income
- $33.8M
- Net income
- $25.0M
No dividends on record.
| Institutions | ≈ 73.16% | 51.17M shares | |
|---|---|---|---|
| 226 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.01% | 5.60M shares | |
| 10 holders · as of Sep 9, 2026 | |||
| Other | ≈ 18.83% | 13.17M shares | |
| remainder | |||
69.94M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.25% | 6.47M | as of Jun 30, 2026 |
Brandes Investment Partners, LPInstitution | 8.19% | 5.73M | as of Jun 30, 2026 |
only).Insider | 6.38% | 4.46M | filed Nov 14, 2024 |
Dimensional Fund Advisors LPInstitution | 4.11% | 2.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.94% | 2.75M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Amberjack Capital Partners, L.P. | director, 10 percent owner: | −5,000,000 | $28.71 |
| Aug 10, 2026 | Innovex Co-Invest Fund, L.P. | director, 10 percent owner: | −5,000,000 | $28.71 |
| Aug 4, 2026 | Mark Reddout | officer: President of North America | −10,000 | $30.00 |
| Jun 2, 2026 | Mark Reddout | officer: President of North America | −10,750 | $28.00 |
| Feb 27, 2026 | Innovex Co-Invest Fund, L.P. | director, 10 percent owner: | −6,612,500 | $24.59 |
- SLB
Dominant globally across downhole completion and oilfield services.
- Halliburton
Scale-driven completions giant in cementing, liner hangers, and frac plugs.
- Baker Hughes
Integrated OFS giant competing in completions, ESP, and cementing at scale.
- Weatherford International
Lean OFS rival with liner hangers, cementing, and production optimization.
- NOV
Equipment-first OFS with completion tools, frac plugs, and liner hangers.
- Oil States International
Mid-cap OFS with downhole consumables, wellhead hardware, and offshore products.
- Expro Group
Offshore-first well services across cementing, liner hangers, and intervention.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Innovex International | $27.97 | −0.09% | $1.91B | 30.7 | 17.1 | 1.9 | +9.2% |
| SLB | $52.40 | +0.48% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Halliburton | $32.94 | +0.30% | $27.89B | 17.5 | 12.9 | 1.2 | +3.7% |
| Baker Hughes | $57.50 | +0.42% | $57.41B | 18.6 | 21.3 | 2.1 | −2.4% |
| Weatherford International | $99.62 | +18.60% | $5.89B | 16.2 | 13.8 | 1.2 | −8.2% |
| NOV | $20.18 | −0.02% | $7.18B | 77.5 | 18.9 | 0.8 | −2.5% |
| Oil States International | $8.23 | −0.12% | $500.2M | — | 14.8 | 0.8 | −5.3% |
| Expro Group | $16.38 | −0.06% | $1.84B | 90.7 | 17.3 | 1.2 | −7.0% |
| Median | 21.9 | 17.3 | 1.2 | −2.5% |