Innovex International (INVX) Tax Rate (2009 - 2026)
Innovex International's (INVX) quarterly Tax Rate came in at 22.8% in Q1 2026, down 813.0% YoY from 3.2% in Q1 2025, and down 52.59% on a QoQ basis from 48.09% in Q4 2025.
Innovex International (INVX) Tax Rate (2009 - 2026) Analysis & Trends
Innovex International (INVX) has 18 years of Tax Rate data on file, last reported at 22.8% in 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 retreated to 22.8% in Q1 2026, from 48.09% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 61.06% in Q1 2023 to a low of 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 tumbled 5678 bps — and 2023, when it jumped 12530 bps.
- Tracing INVX's Tax Rate over 5 years: stood at 6.71% in 2022, then surged by 220 bps to 21.45% in 2023, then sank by 97 bps to 0.64% in 2024, then soared by 7388 bps to 48.09% in 2025, then plunged by 53 bps to 22.8% in 2026.
- The last three Tax Rate figures came in at 22.8% (Q1 2026), 48.09% (Q4 2025), and 32.32% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 20.02% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.54% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -14.27% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 23.78% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 18.98% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 26.11% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 44.00% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 28.81% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 27.77% |
| 10 | Innovex International | 2.00 Bn | 1.77 Bn | 83.65 Mn | 29.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.30% |
| Jun 30, 2026 | 29.30% |
| Jun 30, 2026 | 29.30% |
| 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% |