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Innovex InternationalINVX -1.46%21 Return-on-Tangible-Equity is 12.09% as of Jun. 2026, which is 55% below its 10-year median of 26.66. GuruFocus rates INVX with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 952 Oil & Gas companies, Innovex International ranks worse than 50.53% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Innovex International's annualized net income for the quarter that ended in Jun. 2026 was $100.1 Mil. Innovex International's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $828.2 Mil. Therefore, Innovex International's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 12.09%.
The historical rank and industry rank for Innovex International's Return-on-Tangible-Equity or its related term are showing as below:
INVX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.51 Med: 26.66 Max: 41.43
Current: 7.51
During the past 5 years, Innovex International's highest Return-on-Tangible-Equity was 41.43%. The lowest was 7.51%. And the median was 26.66%.
INVX's Return-on-Tangible-Equity is ranked worse than 50.53% of 952
companies
in the Oil & Gas industry
Industry Median: 7.76
vs INVX: 7.51
Innovex International (NYSE:INVX) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Innovex International Return-on-Tangible-Equity Related Terms
Innovex International Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Innovex International's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Innovex International Return-on-Tangible-Equity Chart
INVX vs NEXT, XPRO, WBI: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Innovex International's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Innovex International Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Innovex International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Innovex International's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.09% mean?
Innovex International (INVX) has a Return-on-Tangible-Equity of 12.09% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Innovex International and its competitors. This is 55% below median its historical median of 26.66. Over the past decade, Innovex International's Return-on-Tangible-Equity has ranged from 7.51 to 41.43. According to the industry distribution chart, Innovex International ranks #481 out of 952 companies in the Oil & Gas industry, placing it in the top 50.5%.
Is Innovex International's Return-on-Tangible-Equity too high?
Innovex International's current Return-on-Tangible-Equity of 12.09% is 55% below median its 10-year median of 26.66. Over the past 10 years, this metric has ranged from a low of 7.51 to a high of 41.43. The Oil & Gas industry median Return-on-Tangible-Equity is 7.76. Innovex International's value of 12.09% is 55.8% above this industry median. Based on the distribution chart, Innovex International ranks #481 out of 952 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Innovex International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Innovex International's Return-on-Tangible-Equity compare to NEXT and XPRO?
According to the Oil & Gas industry distribution chart, Innovex International ranks #481 out of 952 companies for Return-on-Tangible-Equity. This places Innovex International in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.76. Innovex International's value of 12.09% is 55.8% above this benchmark. Historically, Innovex International's own Return-on-Tangible-Equity has ranged from 7.51 to 41.43 over the past decade. While the company's 10-year median is 26.66 vs. the industry median of 7.76, Innovex International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 7.76, based on 952 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovex International's current Return-on-Tangible-Equity of 12.09% is 55.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Innovex International and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 7.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovex International's current Return-on-Tangible-Equity is 12.09%, which is 55% below median its own 10-year median of 26.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovex International stock overvalued right now?
Innovex International (INVX) has a current Return-on-Tangible-Equity of 12.09%. The current Return-on-Tangible-Equity is 12.09%, which is 55% below median its 10-year median of 26.66 and 55.8% above the Oil & Gas industry median of 7.76. Innovex International's overall GF Score™ is 21/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Innovex International (INVX), the current Return-on-Tangible-Equity is 12.09% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Innovex International Inc designs, manufactures, sells, and rents mission-critical engineered products to the oil and natural gas industry. Its products are Subsea, Surface Wellheads, Well Construction, Well Completion, Production Solutions, Fishing & Intervention. Its products support upstream onshore and offshore activities. The group's geographic regions are North America, Latin America, Middle East & Asia Pacific, and Europe & Africa.
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