Innovex International (INVX) Research & Development (2009 - 2024)
Innovex International's (INVX) quarterly Research & Development came in at $3.6 million in Q2 2024, up 12.05% YoY from $3.2 million in Q3 2023, and down 4.01% on a QoQ basis from $3.7 million in Q1 2024.
Innovex International (INVX) Research & Development (2009 - 2024) Analysis & Trends
Innovex International (INVX) has 16 years of Research & Development data on file, last reported at $3.6 million in 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 retreated to $3.6 million in Q2 2024, from $3.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $5.5 million in Q1 2020 to a low of $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 tumbled 30.61%.
- Tracing INVX's Research & Development over 5 years: stood at $4.0 million in 2020, then dropped by 5.05% to $3.8 million in 2021, then retreated by 29.6% to $2.7 million in 2022, then advanced by 10.67% to $3.0 million in 2023, then increased by 20.12% to $3.6 million in 2024.
- The last three Research & Development figures came in at $3.6 million (Q2 2024), $3.7 million (Q1 2024), and $3.0 million (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 171.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 143.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 25.70 Mn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | - |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | - |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 20.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | - |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | - |
| 10 | Innovex International | 2.00 Bn | 1.77 Bn | 83.65 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 |