Innovex International, Inc (INVX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 63,454 | 39,298 | 15,597 | -9,470 | 5,335 | -973 | 257 | -917 | -5,149 | -3,498 | -9,804 | -28,214 | -34,181 | -47,335 | -49,551 | -38,987 | -31,117 | -22,246 | -15,460 | -1,816 |
| 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 |
| Operating profit margin | 7.32% | 5.15% | 2.46% | -1.86% | 1.12% | -0.22% | 0.06% | -0.23% | -1.41% | -0.95% | -2.71% | -8.22% | -10.11% | -14.57% | -15.34% | -11.73% | -9.14% | -6.35% | -4.24% | -0.47% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $63,454K ÷ $867,153K
= 7.32%
The operating profit margin of Innovex International, Inc. has exhibited a significant downward trend from the fiscal year ending September 30, 2020, through the first half of 2023, transitioning from modestly negative values to approaching breakeven. Throughout this period, the margin remained consistently negative, indicating ongoing operational challenges or expenses exceeding operating revenues. Specifically, the margin decreased from approximately -0.47% at the end of September 2020 to a low of about -15.34% by the end of 2021, reflecting a deterioration in operating efficiency or rising costs relative to sales.
Between the first quarter of 2022 and the second quarter of 2023, there was a gradual improvement in the operating profit margin, moving from -14.57% toward less negative territory, reaching approximately -0.23% by September 2023. Notably, in the quarter ending December 31, 2023, the margin turned positive at 0.06%, indicating that operating profits slightly exceeded operating expenses during this period.
The trend continued into 2024 and 2025, with the margin experiencing fluctuations; it declined again to -1.86% by September 2024 but subsequently improved to 2.46% at the end of 2024. The most recent data for March and June 2025 demonstrates a marked turnaround, with margins reaching 5.15% and 7.32% respectively, signifying a substantial shift toward operational profitability.
Overall, the data reflects a trajectory from persistent operating losses over multiple years to a notable and improving profitability trend commencing in late 2023 and accelerating into 2025. This shift suggests recent operational improvements, cost management initiatives, or revenue growth contributing to the company's transition into positive operating margins.
Peer comparison
Jun 30, 2025