Innovex International, Inc (INVX)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	140,325	73,926	63,278	9,853	-30,768
Revenue	US$ in thousands	660,803	424,060	467,189	294,841	364,973
Net profit margin		21.24%	17.43%	13.54%	3.34%	-8.43%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $140,325K ÷ $660,803K
= 21.24%

The net profit margin of Innovex International, Inc. exhibits a notable upward trend over the observed period from December 31, 2020, to December 31, 2024. Specifically, the company experienced a significant turnaround in profitability, transitioning from a negative margin of -8.43% in 2020 to positive margins in subsequent years. In 2021, the net profit margin improved to 3.34%, indicating a move towards profitability. This positive trajectory continued, with the margin increasing markedly to 13.54% in 2022, reflecting enhanced profitability and possibly operational improvements or increased revenue streams. The upward momentum persisted into 2023, reaching 17.43%, and further intensified in 2024 to 21.24%. This consistent improvement suggests effective management strategies, improved cost control, revenue growth, or a combination thereof, contributing to the company's increasingly robust profitability profile over the analyzed period.