Innovex International (INVX) Tax Rate (2009 - 2026)

Innovex International (INVX) posted Tax Rate of 22.8% for Q1 2026, down 52.59% on a QoQ basis from 48.09% in Q4 2025, and down 813.0% year-over-year from 3.2% in Q1 2025.

Innovex International (INVX) Tax Rate (2009 - 2026) Analysis & Trends

Innovex International's Tax Rate history runs 18 years deep, the most recent figure standing at 22.8% for Q1 2026.

  • Quarterly Tax Rate fell 813.0% year-over-year to 22.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.35% (up 4005.0% YoY) and the FY2025 annual result came in at 35.17%, up 3561.0% from the prior year.
  • Tax Rate was 22.8% for Q1 2026 at Innovex International, down from 48.09% in the prior quarter.
  • Across five years, Tax Rate topped out at 61.06% in Q1 2023 and bottomed at 64.24% in Q1 2022.
  • A 5-year average of 14.42% and a median of 23.78% in 2024 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate slumped 5678 bps — and 2023, when it jumped 12530 bps.
  • Innovex International's Tax Rate stood at 6.71% in 2022, then jumped by 220 bps to 21.45% in 2023, then tumbled by 97 bps to 0.64% in 2024, then surged by 7388 bps to 48.09% in 2025, then slumped by 53 bps to 22.8% in 2026.
  • Business Quant data shows INVX's Tax Rate at 22.8% in Q1 2026, 48.09% in Q4 2025, and 32.32% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 20.40
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn -
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 26.95
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 18.45
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 42.86
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 44.00
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 23.96
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 34.15
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 13.39
10 Innovex International 1.85 Bn 1.64 Bn 84.51 Mn 22.80

Historic Data

Download Data
DateValue
Mar 31, 2026 22.80
Mar 31, 2026 22.80
Mar 31, 2026 22.80
Dec 31, 2025 48.09
Dec 31, 2025 48.09
Dec 31, 2025 48.09
Sep 30, 2025 32.32
Sep 30, 2025 32.32
Sep 30, 2025 32.32
Jun 30, 2025 30.99
Jun 30, 2025 30.99
Jun 30, 2025 30.99
Mar 31, 2025 30.93
Mar 31, 2025 30.93
Mar 31, 2025 30.93
Dec 31, 2024 0.64
Dec 31, 2024 0.64
Dec 31, 2024 0.64
Sep 30, 2024 -3.23
Sep 30, 2024 -3.23