Innovex International, Inc (INVX)

Net profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Net income (ttm)	US$ in thousands	144,476	127,319	92,578	62,634	-26,986	-21,691	604	-1,492	20,752	11,699	450	-62,727	-89,080	-102,577	-127,997	-75,822	-50,353	-45,428	-30,768	-12,115
Revenue (ttm)	US$ in thousands	867,153	763,261	633,143	508,800	474,227	443,492	424,060	394,530	365,427	369,798	362,070	343,168	338,024	324,843	322,945	332,267	340,565	350,214	364,973	386,192
Net profit margin		16.66%	16.68%	14.62%	12.31%	-5.69%	-4.89%	0.14%	-0.38%	5.68%	3.16%	0.12%	-18.28%	-26.35%	-31.58%	-39.63%	-22.82%	-14.79%	-12.97%	-8.43%	-3.14%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $144,476K ÷ $867,153K
= 16.66%

The net profit margin of Innovex International, Inc. exhibits significant variability over the observed period. Initially, as of September 30, 2020, the company experienced a negative net profit margin of -3.14%, indicating unprofitable operations. This negative trend persisted and deepened, reaching a low of -39.63% by December 31, 2021, reflecting considerable losses relative to revenue.

Throughout 2022, the company demonstrated a gradual improvement. From -31.58% in March 2022, the net profit margin increased to -18.28% by September 2022, suggesting some operational stabilization or cost management efforts. Notably, by December 2022, the margin turned positive at 0.12%, marking the first profitable quarter in this timeframe. This positive trajectory continued into early 2023, with margins rising to 3.16% in March and 5.68% in June 2023, indicating a period of sustained profitability.

However, the subsequent quarters showed volatility. In September 2023, the margin dipped slightly back into negative territory at -0.38%, then reverted to marginally positive at 0.14% by December 2023. During the first quarter of 2024, the margin reverted to a significant negative of -4.89%, and further declined to -5.69% in June 2024, again reflecting profitability challenges.

Starting from September 2024, the net profit margin experienced a marked improvement, with a notable rise to 12.31%, and further to 14.62% by December 2024. The upward trend persisted into the first half of 2025, with margins reaching 16.68% in March and stabilizing at approximately 16.66% in June 2025. This progression suggests a substantial turnaround and enhanced profitability in recent periods.

Overall, the net profit margin data indicates a history of substantial losses, followed by a period of recovery and profitability that appears to have been achieved and maintained in the most recent quarters. This trend reflects significant operational shifts, cost improvements, or revenue growth initiatives undertaken by Innovex International, Inc. in recent periods.