Innovex International (INVX) Tax Rate (2009 - 2026)
Innovex International's (INVX) quarterly Tax Rate came in at 29.3% in Q2 2026, down 169.0% on a YoY basis from 42.47% in Q2 2025, and up 28.54% quarter-over-quarter from 22.8% in Q1 2026.
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Innovex International (INVX) Tax Rate (2009 - 2026) Analysis & Trends
Innovex International (INVX) has reported Tax Rate for 18 consecutive years, with 29.3% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 169.0% year-over-year to 29.3%; the trailing twelve-month figure through Jun 2026 stood at 37.66% (up 3290.0% YoY), and the FY2025 full-year result was 35.19%, up 3095.0% from the prior year.
- Tax Rate climbed to 29.3% in Q2 2026 per INVX's latest filing, from 22.8% 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.
- Historically, Tax Rate has averaged 17.72% across 5 years, with a median of 30.12% in 2025.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 5678 bps in 2022, then surged 12530 bps in 2023.
- Over 5 years, Tax Rate stood at 16.36% in 2022, then jumped by 224 bps to 52.99% in 2023, then tumbled by 93 bps to 3.91% in 2024, then surged by 1132 bps to 48.2% in 2025, then tumbled by 39 bps to 29.3% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 29.3%, 22.8%, and 48.2% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 30.87 Bn | 29.63 Bn | 1.40 Bn | 23.78% |
| 2 | Nov | 7.72 Bn | 6.56 Bn | 521.00 Mn | 26.11% |
| 3 | Cactus | 4.82 Bn | 4.46 Bn | 215.38 Mn | 27.39% |
| 4 | Enerflex | 2.77 Bn | 2.69 Bn | 139.00 Mn | 33.33% |
| 5 | Innovex International | 2.06 Bn | 1.83 Bn | 83.65 Mn | 29.30% |
| 6 | Forum Energy Technologies | 911.33 Mn | 877.61 Mn | 71.35 Mn | 22.50% |
| 7 | Flowco Holdings | 898.72 Mn | 898.72 Mn | 49.17 Mn | 13.06% |
| 8 | Oil States International | 509.94 Mn | 490.13 Mn | 38.71 Mn | 25.41% |
| 9 | OMS Energy Technologies | 197.41 Mn | 43.45 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 31.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.30% |
| Mar 31, 2026 | 22.80% |
| Dec 31, 2025 | 48.20% |
| Sep 30, 2025 | 32.32% |
| Jun 30, 2025 | 30.99% |
| Mar 31, 2025 | 30.93% |
| Dec 31, 2024 | 3.91% |
| Sep 30, 2024 | -3.23% |
| Jun 30, 2024 | 31.21% |
| Mar 31, 2024 | 23.78% |
| Dec 31, 2023 | 52.99% |
| Sep 30, 2023 | 33.90% |
| Jun 30, 2023 | 37.64% |
| Mar 31, 2023 | 61.06% |
| Dec 31, 2022 | 16.36% |
| Sep 30, 2022 | -4.81% |
| Jun 30, 2022 | -64.06% |
| Mar 31, 2022 | -64.24% |
| Dec 31, 2021 | -0.39% |
| Sep 30, 2021 | -62.86% |