Innovex International (INVX) Work In Process (2016 - 2026)
Innovex International's (INVX) quarterly Work In Process came in at $14.0 million in Q1 2026, down 50.1% YoY from $28.0 million in Q1 2025, and down 30.8% on a QoQ basis from $20.2 million in Q4 2025.
Innovex International (INVX) Work In Process (2016 - 2026) Analysis & Trends
Innovex International (INVX) has 7 years of Work In Process data on file, last reported at $14.0 million in Q1 2026.
- Quarterly Work In Process fell 50.1% year-over-year to $14.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $14.0 million (down 50.1% YoY) and the FY2025 annual result came in at $20.2 million, down 16.01% from the prior year.
- Work In Process declined to $14.0 million in Q1 2026, from $20.2 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $38.3 million in Q4 2022 to a low of $4.4 million in Q4 2023.
- A 5-year average of $24.5 million and a median of $23.9 million in 2024 frame the typical range for Work In Process.
- Annual changes were most pronounced in 2023 — Work In Process plunged 88.58% — and 2024, when it soared 451.28%.
- Tracing INVX's Work In Process over 5 years: stood at $38.3 million in 2022, then sank by 88.58% to $4.4 million in 2023, then soared by 451.28% to $24.1 million in 2024, then fell by 16.01% to $20.2 million in 2025, then sank by 30.8% to $14.0 million in 2026.
- The last three Work In Process figures came in at $14.0 million (Q1 2026), $20.2 million (Q4 2025), and $23.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn |
| 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 |
| 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, 2026 | 20.48 Mn |
| Mar 31, 2026 | 14.00 Mn |
| Dec 31, 2025 | 20.22 Mn |
| Sep 30, 2025 | 23.64 Mn |
| Jun 30, 2025 | 19.84 Mn |
| Mar 31, 2025 | 28.05 Mn |
| Dec 31, 2024 | 24.08 Mn |
| Sep 30, 2024 | 23.17 Mn |
| Jun 30, 2024 | 31.23 Mn |
| Mar 31, 2024 | 33.30 Mn |
| Dec 31, 2023 | 4.37 Mn |
| Sep 30, 2023 | 34.06 Mn |
| Dec 31, 2022 | 38.26 Mn |
| Dec 31, 2017 | 65.38 Mn |
| Dec 31, 2016 | 81.65 Mn |