Innovex International (INVX) Research & Development (2009 - 2024)
Innovex International (INVX) posted Research & Development of $3.6 million for Q2 2024, down 4.01% on a QoQ basis from $3.7 million in Q1 2024, and up 12.05% year-over-year from $3.2 million in Q3 2023.
Innovex International (INVX) Research & Development (2009 - 2024) Analysis & Trends
Innovex International's Research & Development history runs 16 years deep, the most recent figure standing at $3.6 million for Q2 2024.
- Quarterly Research & Development rose 12.05% year-over-year to $3.6 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $13.4 million (up 11.96% YoY) and the FY2023 annual result came in at $12.6 million, up 7.74% from the prior year.
- Research & Development was $3.6 million for Q2 2024 at Innovex International, down from $3.7 million in the prior quarter.
- Across five years, Research & Development topped out at $5.5 million in Q1 2020 and bottomed at $2.6 million in Q3 2022.
- A 5-year average of $3.7 million and a median of $3.6 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2020 — Research & Development surged 52.75% — and 2021, when it slumped 30.61%.
- Innovex International's Research & Development stood at $4.0 million in 2020, then fell by 5.05% to $3.8 million in 2021, then slipped by 29.6% to $2.7 million in 2022, then grew by 10.67% to $3.0 million in 2023, then gained by 20.12% to $3.6 million in 2024.
- Business Quant data shows INVX's Research & Development at $3.6 million in Q2 2024, $3.7 million in Q1 2024, and $3.0 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 164.00 Mn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | - |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 17.80 Mn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | - |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | - |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 20.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | - |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | - |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | - |
| 10 | Innovex International | 1.85 Bn | 1.64 Bn | 84.51 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 3.59 Mn |
| Mar 31, 2024 | 3.74 Mn |
| Dec 31, 2023 | 2.99 Mn |
| Sep 30, 2023 | 3.06 Mn |
| Jun 30, 2023 | 3.20 Mn |
| Mar 31, 2023 | 3.40 Mn |
| Dec 31, 2022 | 2.70 Mn |
| Sep 30, 2022 | 2.65 Mn |
| Jun 30, 2022 | 2.72 Mn |
| Mar 31, 2022 | 3.68 Mn |
| Dec 31, 2021 | 3.83 Mn |
| Sep 30, 2021 | 3.51 Mn |
| Jun 30, 2021 | 3.72 Mn |
| Mar 31, 2021 | 4.04 Mn |
| Dec 31, 2020 | 4.04 Mn |
| Sep 30, 2020 | 3.98 Mn |
| Jun 30, 2020 | 5.36 Mn |
| Mar 31, 2020 | 5.53 Mn |
| Dec 31, 2019 | 4.80 Mn |
| Sep 30, 2019 | 3.75 Mn |