Innovex International (INVX) Research & Development (2009 - 2024)
Innovex International (INVX) recorded Research & Development of $3.59 million in Q2 2024, up 12.1% from $3.2 million a year earlier but down 4.0% from the prior quarter.
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Analysis
Innovex International (INVX) Research & Development (2009 - 2024) Analysis & Trends
On a TTM basis, Innovex International's Research & Development came in at $13.37 million as of Jun 30, 2024, up 12.0% year-over-year; for FY2023, it came in at $12.65 million, up 7.7% from FY2022.
- Annual Research & Development has a five-year compound annual growth rate of -9.0% (FY2018 to FY2023).
- Across earlier years, Research & Development came in at $11.74 million in FY2022 (-22.3%), $15.1 million in FY2021 (-20.2%), $18.92 million in FY2020 (+9.2%) and $17.33 million in FY2019 (-14.6%).
- Quarterly Research & Development has ranged from $2.65 million in Q3 2022 to $5.53 million in Q1 2020 over the past five years.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 0.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 52.8% in Q1 2020, against a decline of 63.0% in Q3 2019 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.74 million (Q1 2024), $2.99 million (Q4 2023) and $3.06 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.67 Bn | 71.28 Bn | 1.57 Bn | 156.00 Mn |
| 2 | Baker Hughes | 47.44 Bn | 9.59 Bn | 1.96 Bn | 150.00 Mn |
| 3 | Halliburton | 26.34 Bn | 18.29 Bn | 840.00 Mn | - |
| 4 | TechnipFMC | 25.18 Bn | 21.15 Bn | 728.70 Mn | 30.10 Mn |
| 5 | Noble | 6.56 Bn | 4.64 Bn | 228.22 Mn | - |
| 6 | Nov | 6.31 Bn | 1.25 Bn | 439.00 Mn | - |
| 7 | Weatherford International | 6.11 Bn | 1.89 Bn | 374.00 Mn | 23.00 Mn |
| 8 | Transocean | 5.79 Bn | 3.83 Bn | 348.00 Mn | - |
| 9 | Valaris | 5.48 Bn | 3.23 Bn | 176.30 Mn | - |
| 10 | Innovex International | 1.75 Bn | 930.69 Mn | 95.88 Mn | - |
Historic Data
Download Data
Historic 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 |
API Access
Innovex International Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=INVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "INVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=INVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();