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Innovex International vs Flowco Holdings: INVX and FLOC compared
Innovex International is the larger company: $265M of revenue in its latest quarter (Q3 2026) against $259M for Flowco Holdings (Q3 2026). Flowco Holdings is growing faster (+46% against +10% a year earlier). Flowco Holdings is more profitable, with an operating margin of 18.5% against 12.2%.
Where the money goes: INVX and FLOC
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.
Flowco Holdings (FLOC) · Q3 2026
Flowco Holdings, Q3 2026: revenue $259M (+46% year over year), operating margin 18.5%, net earnings $20.1M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Innovex International (INVX) | Flowco Holdings (FLOC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $265M | $259M |
| Revenue growth, Y/Y | +10% | +46% |
| Operating margin | 12.2% | 18.5% |
| Net earnings | $26.3M | $20.1M |
| Net margin | 9.9% | 7.8% |
| Operating cash flow | $38.8M | $103M |
| Free cash flow | $32.4M | $72.4M |
Where the revenue comes from
Innovex International
- Product: $190M (72%)
- Leasing: $43.4M (16%)
- Service: $31.3M (12%)
Flowco Holdings
- Downhole Components: $99.6M (39%)
- Surface Equipment: $79.0M (31%)
- Vapor Recovery: $55.1M (21%)
- Natural Gas Production: $24.9M (10%)
Questions
Which is bigger, Innovex International or Flowco Holdings?
Innovex International is the larger company: $265M of revenue in its latest quarter (Q3 2026) against $259M for Flowco Holdings (Q3 2026).
Is Innovex International or Flowco Holdings growing faster?
Flowco Holdings is growing faster (+46% against +10% a year earlier).
Which is more profitable, Innovex International or Flowco Holdings?
Flowco Holdings is more profitable, with an operating margin of 18.5% against 12.2%.
More: Innovex International earnings · how Innovex International makes money · Flowco Holdings earnings · how Flowco Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.