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Innovex International vs Forum Energy Technologies: INVX and FET compared
Innovex International is the larger company: $265M of revenue in its latest quarter (Q3 2026) against $237M for Forum Energy Technologies (Q3 2026). Forum Energy Technologies is growing faster (+21% against +10% a year earlier). Innovex International is more profitable, with an operating margin of 12.2% against 8.4%.
Where the money goes: INVX and FET
Innovex International (INVX) · Q3 2026
Innovex International, Q3 2026: revenue $265M (+10% year over year), operating margin 12.2%, net earnings $26.3M, operating cash flow $38.8M. The chart follows the revenue to costs, profit and cash.
Forum Energy Technologies (FET) · Q3 2026
Forum Energy Technologies, Q3 2026: revenue $237M (+21% year over year), operating margin 8.4%, net earnings $11.2M, operating cash flow $32.0M. The chart follows the revenue to costs, profit and cash.
| Innovex International (INVX) | Forum Energy Technologies (FET) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $265M | $237M |
| Revenue growth, Y/Y | +10% | +21% |
| Gross margin | — | 31.4% |
| Operating margin | 12.2% | 8.4% |
| Net earnings | $26.3M | $11.2M |
| Net margin | 9.9% | 4.7% |
| Operating cash flow | $38.8M | $32.0M |
| Free cash flow | $32.4M | $30.3M |
Where the revenue comes from
Innovex International
- Product: $190M (72%)
- Leasing: $43.4M (16%)
- Service: $31.3M (12%)
Questions
Which is bigger, Innovex International or Forum Energy Technologies?
Innovex International is the larger company: $265M of revenue in its latest quarter (Q3 2026) against $237M for Forum Energy Technologies (Q3 2026).
Is Innovex International or Forum Energy Technologies growing faster?
Forum Energy Technologies is growing faster (+21% against +10% a year earlier).
Which is more profitable, Innovex International or Forum Energy Technologies?
Innovex International is more profitable, with an operating margin of 12.2% against 8.4%.
More: Innovex International earnings · how Innovex International makes money · Forum Energy Technologies earnings · how Forum Energy Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.