Innovex International (INVX) revenue breakdown
By segment, Western Hemisphere is the largest at 65% of fiscal 2022 revenue, growing -6% a year over 6 years.
By product, Product is the largest at 70% of fiscal 2025 revenue; Rental grew fastest, 74% a year over 3 years.
Revenue by segment
Fiscal years, as Innovex International reports them in its 10-K filings; fiscal 2022 total $381M.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Share |
|---|---|---|---|---|---|---|---|---|
| Western Hemisphere | $362M | $310M | $250M | $240M | $228M | $227M | $246M | 65% |
| Eastern Hemisphere | — | — | — | $118M | $80M | $53M | $76M | 20% |
| Asia-Pacific | — | — | — | $77M | — | $68M | $59M | 15% |
| Eastern Hemisphere | $142M | — | — | — | — | — | — | — |
| Eastern Hemisphere | — | — | $107M | — | — | — | — | — |
| Eastern Hemisphere | — | $98M | — | — | — | — | — | — |
| Asia-Pacific | $81M | $76M | — | — | — | — | — | — |
| Asia-Pacific | — | — | $45M | — | — | — | — | — |
Revenue by product
Fiscal years, as Innovex International reports them in its 10-K filings; fiscal 2025 total $978M.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | — | — | — | — | — | — | $402M | $461M | $527M | $685M | 70% |
| Rental | — | — | — | — | — | — | $32M | $31M | $50M | $167M | 17% |
| Service | — | — | — | — | — | — | $34M | $63M | $83M | $126M | 13% |
| Products | $433M | $351M | $265M | $303M | $259M | — | — | — | — | — | — |
| Subsea Products | — | — | — | — | — | $168M | — | — | — | — | — |
| Subsea Services | — | — | — | — | — | $86M | — | — | — | — | — |
| Services | — | — | — | — | $76M | — | — | — | — | — | — |
| Well construction | — | — | — | — | — | $68M | — | — | — | — | — |
| Technical Advisory | — | — | $57M | — | — | — | — | — | — | — | — |
| Technical Advisory | — | — | — | $56M | — | — | — | — | — | — | — |
| Technical Advisory | — | $51M | — | — | — | — | — | — | — | — | — |
| Leasing | — | — | $47M | — | — | — | — | — | — | — | — |
| Technical Advisory | $46M | — | — | — | — | — | — | — | — | — | — |
| Leasing | — | $42M | — | — | — | — | — | — | — | — | — |
| Leasing | $42M | — | — | — | — | — | — | — | — | — | — |
| Leasing | — | — | — | $40M | — | — | — | — | — | — | — |
| Reconditioning | $18M | — | — | — | — | — | — | — | — | — | — |
| Reconditioning | — | — | $16M | — | — | — | — | — | — | — | — |
| Reconditioning | — | — | — | $16M | — | — | — | — | — | — | — |
| Reconditioning | — | $11M | — | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Innovex International reports them in its 10-K filings; fiscal 2025 total $978M.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| US - Land | — | — | — | $357M | $326M | $428M | 44% |
| US - Offshore | — | — | — | $39M | $86M | $112M | 11% |
| Other - MEAP | — | — | — | $39M | $62M | $103M | 11% |
| Canada | — | — | — | $10M | $35M | $87M | 9% |
| Other - ECAF | — | — | — | $21M | $36M | $82M | 8% |
| Saudi Arabia | — | — | — | $48M | $61M | $70M | 7% |
| Brazil | — | — | — | $4M | $19M | $40M | 4% |
| Mexico | — | — | — | $24M | $22M | $38M | 4% |
| Argentina | — | — | — | $8M | $7M | $10M | 1% |
| Latin America | — | — | — | $6M | $8M | $9M | 1% |
| U S And Canadian Markets N A M | — | — | $330M | — | — | — | — |
| Non-US | — | $206M | — | — | — | — | — |
| Western Hemisphere | $197M | — | — | — | — | — | — |
| International And Offshore | — | — | $137M | — | — | — | — |
| US | — | $117M | — | — | — | — | — |
| Eastern Hemisphere | $70M | — | — | — | — | — | — |
| Asia Pacific | $67M | — | — | — | — | — | — |
Questions
Where does Innovex International make its money?
In fiscal 2022, by segment: Western Hemisphere $246M, Eastern Hemisphere $76M, Asia-Pacific $59M.
From Innovex International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.