Product was Innovex International’s largest product and service line in fiscal 2025, bringing in $352.31M of $651.31M (54%).
| Product and Service | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Product | $285.72M | $297.18M | $286.80M | $352.31M | |||
| Products | — | — | — | — | |||
| Subsea Products | — | — | — | — | |||
| Service | $1.87M | $63.39M | $54.95M | $186.68M | |||
| Services | — | — | — | — | |||
| Subsea Services | — | — | — | — | |||
| Rental | $19.28M | $20.51M | $30.98M | $112.32M | |||
| Well Construction Services | — | — | — | — | |||
| Total | $306.87M | $381.07M | $372.73M | $651.31M |
Innovex International brought in $651.31M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 74.7% from $372.73M in fiscal 2024. Product was the largest at $352.31M (54.1%), ahead of Service at $186.68M (28.7%) and Rental at $112.32M (17.2%).
Compared with fiscal 2024, Rental grew fastest, up 262.6% to $112.32M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $306.87M to $651.31M, a compound annual growth rate of 28.5%. Product's share of the total fell from 93.1% to 54.1%.
As Reported was Innovex International’s largest revenue line in fiscal 2021, bringing in $322.95M of $322.45M (100%).
| Revision of Prior Period | FY 2021 |
|---|---|
| As Reported | $322.95M |
| Revision Of Prior Period, Adjustment | -$497.00K |
| Total | $322.45M |
Innovex International brought in $322.45M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. As Reported was the largest at $322.95M (100.2%).
The total is net of Revision Of Prior Period, Adjustment, which took $497.00K off revenue in fiscal 2021.
International & Offshore was Innovex International’s largest region in fiscal 2022, bringing in $253.74M of $297.76M (85%).
| Geography | FY 2012 | FY 2013 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| International & Offshore | — | — | $253.74M | ||
| Non-Us | — | $205.70M | — | ||
| Us | — | $116.70M | — | ||
| Western Hemisphere | $196.89M | — | — | ||
| Eastern Hemisphere | $70.37M | — | — | ||
| U S & Canadian Markets N A M | — | — | $44.03M | ||
| Asia Pacific | $67.15M | — | — | ||
| Asia-Pacific | — | — | — | ||
| Total | $334.41M | $322.40M | $297.76M |
Innovex International brought in $297.76M from its two regions in fiscal 2022, the year ended December 31, 2022. Innovex International regrouped these regions after fiscal 2021, so the total does not compare directly with that year's $322.40M. International & Offshore was the largest at $253.74M (85.2%), ahead of U S & Canadian Markets N A M at $44.03M (14.8%).
Innovex International began breaking out International & Offshore in fiscal 2022 and U S & Canadian Markets N A M in fiscal 2022. Innovex International stopped reporting Non-Us ($205.70M in fiscal 2021), Western Hemisphere ($196.89M in fiscal 2020), Us ($116.70M in fiscal 2021) and two others as separate regions.
Innovex International (INVX) reports its revenue by product and service, by revision of prior period and by geography. In fiscal 2025, Product was its largest product and service line, bringing in $352.31M (54.1% of the total), followed by Service at $186.68M (28.7%).
Product was Innovex International's largest product and service line in fiscal 2025, bringing in $352.31M, or 54.1% of the $651.31M total across its three product and service lines.
As Reported was Innovex International's largest revenue line in fiscal 2021, bringing in $322.95M, or 100.2% of the $322.45M total across its two revenue lines.
International & Offshore was Innovex International's largest region in fiscal 2022, bringing in $253.74M, or 85.2% of the $297.76M total across its two regions.
Among Innovex International's product and service lines that make up at least 2% of revenue, Rental grew fastest in fiscal 2025, up 262.6% from $30.98M to $112.32M.
Every figure comes from Innovex International's annual financial filings, as reported. Each line keeps the name Innovex International gives it, and years follow its fiscal calendar.
Innovex International's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.