Innovex International, Inc (INVX)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	49,075	97,282	76,552	14,077	-18,702
Revenue	US$ in thousands	660,803	424,060	467,189	294,841	364,973
Operating profit margin		7.43%	22.94%	16.39%	4.77%	-5.12%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $49,075K ÷ $660,803K
= 7.43%

The operating profit margin of Innovex International, Inc. demonstrates a notable improvement over the observed period. As of December 31, 2020, the company recorded a negative operating profit margin of -5.12%, indicating operational losses during that year. Moving into 2021, the margin shifted positively to 4.77%, reflecting a recovery and initial profitability gains. The upward trend continued in 2022, with the operating profit margin reaching 16.39%, which suggests substantial operational efficiency improvements or increased revenue relative to operating expenses. The most significant increase was observed in 2023, when the margin further expanded to 22.94%, signifying a period of strong operational performance and profitability. However, in 2024, the operating profit margin declined sharply to 7.43%. Despite this decrease, the margin remained positive, indicating continued operational profitability but at a reduced level compared to the prior year. Overall, the data illustrates a trajectory of initial recovery, substantial growth in operating efficiency, followed by a decline, highlighting fluctuations in operational profitability over the analyzed period.