Innovex International, Inc. (INVX): one to watch?

Not really a "crashed" stock — the scary 76% drop is stale history from a different pre-merger company; the real move is a mild 8% pullback in a growing, well-capitalized oilfield services firm.

👀 WATCH Fundamentals64/100

Down 76% from its all-time high of $119.38 — now $28.80

$36.0$11.9 peak $36 2023202420252026

Why INVX dropped

The all-time high of $119.38 belongs to old Dril-Quip stock before its 2024 merger with Innovex Downhole Solutions created the current company (INVX) — comparing today's price to that history is misleading. Innovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc, and Innovex Downhole Solutions. The actual recent move is just a 7.8% dip from a 30-day high, roughly in line with normal oil-sector volatility, and Q2 2026 saw 9% revenue growth, a 2.2-point gross margin improvement, and robust free cash flow, with management guiding for further margin expansion and EBITDA growth in Q3.

Fwd P/E 15.4Op margin 11.6%Rev growth 9.2%Debt/equity 7.0%Analyst upside 16.0%
How this scored 64/100
✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.
✅ Makes money Net profit margin 6.2%
✅ Generates cash Free cash flow $174M
✅ Not drowning in debt Debt/equity 7.0% (limit 200%)
✅ Can pay its bills Current ratio 5.0 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 7/25
Operating margin 11.6% 4/9
Net profit margin 6.2% 2/8
Return on equity 6.0% 0/8
Growth Is it getting bigger, or dying? 20/25
Revenue growth 9.2% 4/9
Earnings growth 63.6% 8/8
Expected profit change 110.3% 8/8
Value Is it cheap right now? 12/25
Forward P/E 15.4 8/10
PEG ratio unknown 2/8
Analyst target upside 16.0% 2/7
Balance sheet Will it survive? 25/25
Debt / equity 7.0% 10/10
Current ratio 5.0 8/8
Free cash flow $174M 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-09-21. Research only — not financial advice.