Innovex International (NYSE:INVX) & NOV (NYSE:NOV) Head to Head Analysis

NOV (NYSE:NOV) and Innovex International (NYSE:INVX) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, institutional ownership, analyst recommendations, risk, dividends, earnings and valuation.

Analyst Ratings

This is a breakdown of recent ratings and target prices for NOV and Innovex International, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NOV	2	9	7	0	2.28
Innovex International	1	0	0	1	2.50

NOV presently has a consensus price target of $19.53, suggesting a potential upside of 22.48%. Innovex International has a consensus price target of $15.00, suggesting a potential downside of 10.77%. Given NOV’s higher probable upside, equities research analysts plainly believe NOV is more favorable than Innovex International.

Valuation and Earnings

This table compares NOV and Innovex International”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOV	$8.87 billion	0.70	$993.00 million	$1.61	9.91
Innovex International	$424.06 million	2.67	$600,000.00	$1.41	11.92

NOV has higher revenue and earnings than Innovex International. NOV is trading at a lower price-to-earnings ratio than Innovex International, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares NOV and Innovex International’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NOV	7.16%	9.88%	5.60%
Innovex International	12.31%	-0.73%	-0.61%

Volatility & Risk

NOV has a beta of 1.64, indicating that its stock price is 64% more volatile than the S&P 500. Comparatively, Innovex International has a beta of 0.89, indicating that its stock price is 11% less volatile than the S&P 500.

Insider & Institutional Ownership

93.3% of NOV shares are held by institutional investors. 1.9% of NOV shares are held by insiders. Comparatively, 3.1% of Innovex International shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

NOV beats Innovex International on 9 of the 15 factors compared between the two stocks.

About NOV

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. It also offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. In addition, the company provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. Further, the company offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.

About Innovex International

Innovex Downhole Solutions Inc. designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc., formerly known as Dril-Quip, is based in HOUSTON.