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| Date | Value |
|---|---|
| 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 |