Innovex International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	867.15	660.8	555.54	467.19	294.84
Revenue Growth (YoY)	63.44%	18.95%	18.91%	58.45%	-
Cost of Revenue	581.38	428.17	360.1	309.07	207.45
Gross Profit	285.77	232.63	195.44	158.12	87.4
Selling, General & Admin	137.45	116.18	72.8	59.19	50.78
Operating Expenses	187.19	147.39	95.46	77.66	68.52
Operating Income	98.58	85.24	99.98	80.46	18.88
Interest Expense	-2.36	-2.43	-5.51	-4.03	-2.16
Earnings From Equity Investments	1.4	2.62	2.98	-	-
Other Non Operating Income (Expenses)	-0.13	-0.3	-0.39	1.12	3.52
EBT Excluding Unusual Items	97.51	85.13	97.07	77.54	20.25
Merger & Restructuring Charges	-37.52	-33.3	-2.33	-2.94	-4.8
Gain (Loss) on Sale of Investments	8.04	8.04	-	-	-
Gain (Loss) on Sale of Assets	0.61	0.65	-0.11	-0.71	-1.75
Asset Writedown	-3.43	-3.52	-0.27	-0.96	-
Other Unusual Items	85.81	85.81	-	-	-
Pretax Income	151.01	142.81	94.37	72.93	13.7
Income Tax Expense	6.54	2.49	20.44	9.65	3.84
Net Income	144.48	140.33	73.93	63.28	9.85
Net Income to Common	144.48	140.33	73.93	63.28	9.85
Net Income Growth	141.74%	89.82%	16.83%	542.22%	-
Shares Outstanding (Basic)	69	50	31	31	15
Shares Outstanding (Diluted)	69	51	32	31	15
Shares Change (YoY)	70.57%	56.55%	2.85%	115.52%	-
EPS (Basic)	2.10	2.82	2.39	2.07	0.68
EPS (Diluted)	2.09	2.77	2.29	2.01	0.68
EPS Growth	41.35%	20.96%	13.93%	197.63%	-
Free Cash Flow	124.72	79.85	60.38	-15.39	-8.47
Free Cash Flow Per Share	1.80	1.58	1.87	-0.49	-0.58
Gross Margin	32.95%	35.20%	35.18%	33.84%	29.64%
Operating Margin	11.37%	12.90%	18.00%	17.22%	6.40%
Profit Margin	16.66%	21.24%	13.31%	13.54%	3.34%
Free Cash Flow Margin	14.38%	12.08%	10.87%	-3.29%	-2.87%
EBITDA	148.33	116.45	122.64	98.92	36.61
EBITDA Margin	17.11%	17.62%	22.08%	21.17%	12.42%
D&A For EBITDA	49.74	31.21	22.66	18.47	17.74
EBIT	98.58	85.24	99.98	80.46	18.88
EBIT Margin	11.37%	12.90%	18.00%	17.22%	6.40%
Effective Tax Rate	4.33%	1.74%	21.66%	13.23%	28.05%
Revenue as Reported	867.15	660.8	555.54	467.19	-

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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