Filing Flows › Innovex International (INVX) › Q2 2026 › vs Q2 2025
Innovex International (INVX) Q2 2026 vs Q2 2025 (year over year)
Innovex International's revenue rose $20.7M (+9%) from $224M in Q2 2025 to $245M in Q2 2026. The biggest changes: Product +$17.9M (+12%); Leasing +$1.8M (+4%); Service +$923K (+3%). Operating margin 13.8% against 10.1% (+3.7 pts).
Innovex International, Q2 2026: revenue $245M (+9% year over year), operating margin 13.8%, net earnings $25.0M, operating cash flow $37.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.8% | 10.1% | +3.7 pts |
| Net margin | 10.2% | 6.8% | +3.4 pts |
| Free cash flow margin | 12.4% | 23.2% | -10.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $167M | $149M | $17.9M | +12% |
| Leasing | $45.8M | $44.0M | $1.8M | +4% |
| Service | $31.7M | $30.8M | $923K | +3% |
| Revenue | $245M | $224M | $20.7M | +9% |
| Other income, net | $1.6M | −$459K | $2.1M | — |
| Operating profit | $33.8M | $22.7M | $11.1M | +49% |
| Costs & expenses | $211M | $202M | $9.6M | +5% |
| Pre-tax earnings | $35.4M | $22.2M | $13.2M | +59% |
| Cost of revenue | $161M | $153M | $8.7M | +6% |
| SG&A | $39.1M | $28.8M | $10.3M | +36% |
| Other operating costs | $10.8M | $20.2M | −$9.4M | -47% |
| Net earnings | $25.0M | $15.3M | $9.7M | +63% |
| Income tax | $10.4M | $6.9M | $3.5M | +51% |
| Depreciation & amortization | $16.2M | $15.0M | $1.2M | +8% |
| Share-based compensation | $3.4M | $3.8M | −$368K | -10% |
| Working capital & other | $7.6M | −$25.1M | $32.7M | — |
| Operating cash flow | $37.0M | $59.2M | −$22.2M | -37% |
| Free Cash Flow (company-reported) | $30.4M | $51.9M | −$21.5M | -41% |
| Capital expenditures | $6.6M | $7.3M | −$656K | -9% |
Questions
How much did Innovex International's revenue grow year over year in Q2 2026?
Innovex International's revenue rose $20.7M (+9%) from $224M in Q2 2025 to $245M in Q2 2026.
What drove Innovex International's revenue change in Q2 2026?
Product +$17.9M (+12%); Leasing +$1.8M (+4%); Service +$923K (+3%).