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Innovex International vs Cactus: revenue, profit, margins and growth compared

Innovex International brought in $978.3M of revenue in fiscal 2025, Cactus $1.1B in fiscal 2025. Revenue changed by +48.0% at Innovex International and -4.5% at Cactus on the year before, so Innovex International grew faster. Innovex International kept 8.5% of its revenue as net profit, Cactus 15.4%.

Side by side, latest fiscal year

INVXWHD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$978.3M$1.1B
Revenue growth+48.0%-4.5%
Net income$83.3M$166M
Net margin8.5%15.4%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$1.20n/a
Cash$203.4M$123.6M
Debt$25.6M$0
Price to earnings23.8n/a
Market value$2B$5.2B
Dividend yieldn/a0.84%
Rank by revenue in sector#464 of 778 · Consumer discretionary#449 of 778 · Consumer discretionary

Over the years

Revenue
INVX FY2018: $384.6MINVX FY2019: $414.8MINVX FY2020: $365MINVX FY2021: $322.4MINVX FY2022: $467.2MINVX FY2023: $555.5MINVX FY2024: $660.8MINVX FY2025: $978.3MWHD FY2018: $544.1MWHD FY2019: $628.4MWHD FY2020: $348.6MWHD FY2021: $438.6MWHD FY2022: $688.4MWHD FY2023: $1.1BWHD FY2024: $1.1BWHD FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
INVX $978.3MWHD $1.1B
Net income
INVX FY2018: -$95.7MINVX FY2019: $1.7MINVX FY2020: -$30.8MINVX FY2021: -$128.5MINVX FY2022: $63.3MINVX FY2023: $73.9MINVX FY2024: $140.3MINVX FY2025: $83.3MWHD FY2018: $51.7MWHD FY2019: $85.6MWHD FY2020: $34.4MWHD FY2021: $49.6MWHD FY2022: $110.2MWHD FY2023: $169.2MWHD FY2024: $185.4MWHD FY2025: $166MFY18FY19FY20FY21FY22FY23FY24FY25
INVX $83.3MWHD $166M
Net margin
INVX FY2018: -24.9%INVX FY2019: 0.4%INVX FY2020: -8.4%INVX FY2021: -39.8%INVX FY2022: 13.5%INVX FY2023: 13.3%INVX FY2024: 21.2%INVX FY2025: 8.5%WHD FY2018: 9.5%WHD FY2019: 13.6%WHD FY2020: 9.9%WHD FY2021: 11.3%WHD FY2022: 16.0%WHD FY2023: 15.4%WHD FY2024: 16.4%WHD FY2025: 15.4%FY18FY19FY20FY21FY22FY23FY24FY25
INVX 8.5%WHD 15.4%
Revenue growth
INVX FY2019: +7.8%INVX FY2020: -12.0%INVX FY2021: -11.7%INVX FY2022: +44.9%INVX FY2023: +18.9%INVX FY2024: +18.9%INVX FY2025: +48.0%WHD FY2019: +15.5%WHD FY2020: -44.5%WHD FY2021: +25.8%WHD FY2022: +57.0%WHD FY2023: +59.4%WHD FY2024: +3.0%WHD FY2025: -4.5%FY19FY20FY21FY22FY23FY24FY25
INVX +48.0%WHD -4.5%
Free cash flow
INVX FY2018: $13.4MINVX FY2019: $3.2MINVX FY2020: -$33MINVX FY2021: $28.4MINVX FY2022: -$24.7MINVX FY2023: $43.2MFY18FY19FY20FY21FY22FY23
INVX $43.2MWHD

Fiscal years as each company reports them; the two may end in different months.

Questions about Innovex International and Cactus

Which is bigger by revenue, Innovex International or Cactus?

Cactus is bigger by revenue: $1.1B in fiscal 2025, against $978.3M for Innovex International in fiscal 2025.

Which keeps more of its revenue as profit, Innovex International or Cactus?

Innovex International had a net margin of 8.5% in fiscal 2025; Cactus had 15.4% in fiscal 2025.

Which grew revenue faster, Innovex International or Cactus?

In their latest fiscal years revenue changed by +48.0% at Innovex International and -4.5% at Cactus.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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