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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	773.22	660.8	555.54	467.19	294.84
Revenue Growth (YoY)	42.69%	18.95%	18.91%	58.45%	-
Cost of Revenue	513.18	428.17	360.1	309.07	207.45
Gross Profit	260.05	232.63	195.44	158.12	87.4
Selling, General & Admin	127.19	116.18	72.8	59.19	50.78
Operating Expenses	168.55	147.39	95.46	77.66	68.52
Operating Income	91.49	85.24	99.98	80.46	18.88
Interest Expense	-2.41	-2.43	-5.51	-4.03	-2.16
Earnings From Equity Investments	2.15	2.62	2.98	-	-
Other Non Operating Income (Expenses)	0.44	-0.3	-0.39	1.12	3.52
EBT Excluding Unusual Items	91.67	85.13	97.07	77.54	20.25
Merger & Restructuring Charges	-36.82	-33.3	-2.33	-2.94	-4.8
Gain (Loss) on Sale of Investments	8.04	8.04	-	-	-
Gain (Loss) on Sale of Assets	0.38	0.65	-0.11	-0.71	-1.75
Asset Writedown	-6.45	-3.52	-0.27	-0.96	-
Other Unusual Items	85.81	85.81	-	-	-
Pretax Income	142.64	142.81	94.37	72.93	13.7
Income Tax Expense	3.97	2.49	20.44	9.65	3.84
Net Income	138.67	140.33	73.93	63.28	9.85
Net Income to Common	138.67	140.33	73.93	63.28	9.85
Net Income Growth	97.28%	89.82%	16.83%	542.22%	-
Shares Outstanding (Basic)	59	50	31	31	15
Shares Outstanding (Diluted)	60	51	32	31	15
Shares Change (YoY)	64.47%	56.55%	2.85%	115.52%	-
EPS (Basic)	2.34	2.82	2.39	2.07	0.68
EPS (Diluted)	2.31	2.77	2.29	2.01	0.68
EPS Growth	19.36%	20.96%	13.93%	197.63%	-
Free Cash Flow	93.7	79.85	60.38	-15.39	-8.47
Free Cash Flow Per Share	1.56	1.58	1.87	-0.49	-0.58
Gross Margin	33.63%	35.20%	35.18%	33.84%	29.64%
Operating Margin	11.83%	12.90%	18.00%	17.22%	6.40%
Profit Margin	17.93%	21.24%	13.31%	13.54%	3.34%
Free Cash Flow Margin	12.12%	12.08%	10.87%	-3.29%	-2.87%
EBITDA	132.85	116.45	122.64	98.92	36.61
EBITDA Margin	17.18%	17.62%	22.08%	21.17%	12.42%
D&A For EBITDA	41.36	31.21	22.66	18.47	17.74
EBIT	91.49	85.24	99.98	80.46	18.88
EBIT Margin	11.83%	12.90%	18.00%	17.22%	6.40%
Effective Tax Rate	2.78%	1.74%	21.66%	13.23%	28.05%
Revenue as Reported	773.22	660.8	555.54	467.19	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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