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INVA Innoviva Inc

NASDAQ
Health Care
Pharmaceuticals

$20.73

▼ 0.6%

Updated Oct 16, 2:25 PM ET

Report Card

INVA at a glance — five pillars scored 0–100 from real filed financials.

How the 0–100 rating is calculated
Value
—
Growth
—
Profitability
28
Health
83
Dividends
—

Overall: not rated yet. This stock's fundamentals ratios aren't loaded, so only the pillars its filings support are scored.

Key Metrics

Market Cap

—

P/E

—

Forward P/E (est.)

—

ROE

—

Revenue Growth

—

EPS Growth

—

Profit Margin

—

FCF Yield

—

Debt / Equity

—

ROIC

7.0%

Interest Coverage

9.81x

Current Ratio

16.01x

Dividend Yield

—

Implied Growth (rev. DCF)

—

Rating Score

Not rated

Business Overview

Research

Innoviva Inc (INVA) is a NASDAQ-listed company in the Pharmaceuticals industry, within the Health Care sector.

In its latest reported year it generated about $411.33M in revenue.

Our model hasn't rated INVA yet because its fundamentals ratios (P/E, margins, returns on capital, leverage) aren't loaded. Any financial history below comes straight from its SEC filings and refreshes automatically.

Economic Moat

Evidence of durable competitive advantage in the filed financials (10 years of history).

Profit margins and economic moats, explained
Narrow moat signalsMoat evidence score: 59/100

Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.

Operating margin level100/100

41.0% average over the last 3 years

Operating margin stability0/100

±23.9 pts around 74.0% across 9 years

Revenue durability69/100

grew in 7 of the last 9 year-over-year periods

Free-cash-flow consistency100/100

positive in 10 of 10 years

Return on invested capital10/100

7.0% latest fiscal year

A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.

Revenue Growth

Research
How to read an income statement

4Y CAGR

1.2%

Revenue moved from $133.57M in 2016 to $411.33M in 2025, a 13.3% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.

0/1 checks passedROIC above 10%

Gross Margin

74.8%

Operating Margin

39.8%

Net Margin

—

ROE

—

Debt Analysis

Research
2/2 checks passedInterest covered 3×+Short-term bills covered

Total Debt

$739.13M

Net Debt

$168.74M

Net Debt / EBITDA

1.03x

Debt / Equity

—

Leverage: debt-to-equity is n/a, and operating profit covers interest about 9.8x, with a current ratio of 16.0x. Detailed balance-sheet leverage is limited for this name. It carries roughly $739.13M of total debt against $570.39M of cash.

Cash Flow Analysis

Research

Operating CF

$196.93M

Free Cash Flow

$195.80M

FCF Margin

47.6%

In the latest year Innoviva Inc produced about $196.93M of operating cash flow and $195.80M of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Dividend Safety

Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.

What to look for in a dividend stock
At RiskSafety score: 44/100

Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.

Total paid (latest FY)

$11.00K

History on record

4 years

Free-cash-flow coverage100/100

dividend uses 0% of free cash flow

Raise streak0/100

no current raise streak

Cut history0/100

payout was cut at least once in the last 4 years

Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.

Valuation Analysis

Research
What is a reasonable P/E ratio?
1/1 checks passedTrading below DCF fair value

P/E

—

P/S

—

P/B

—

EV / EBITDA

—

INVA trades at n/a trailing earnings. Its valuation ratios aren't loaded yet, so there is no P/E to judge here.

DCF Fair Value (Educational)

A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.

How this DCF estimate is calculated

DCF fair value / share

$46.53

Current price

$20.73

+124% · Below fair-value estimate

Starting FCF (latest 10-K)

$195.80M

Growth, years 1–5

4.0%

Fade to terminal, years 6–10

2.5%

Discount rate

9.0%

PV of 10-yr free cash flow$1.51B
PV of terminal value$1.85B
Estimated equity value$3.36B
Shares outstanding72M

Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.

Metrics vs. Sector Range

Where INVA sits versus the Health Care companies we cover.

TTM P/E
——
Forward P/E
——
P/S ratio
——
Revenue growth
——
EPS growth
——
Gross margin
74.8%Strong
Net margin
——
ROE
——

Bands show the middle half (25th–75th percentile) of the 83 Health Care companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How INVA stacks up against its Health Care peers — valuation, profitability, and growth versus the sector median.

INVA doesn't have a model rating yet (its fundamentals ratios aren't loaded), so it isn't ranked against the 83 rated Health Care companies we cover.

P/E vs sector

—

median 26.1x

ROE vs sector

—

median 14.1%

Growth vs sector

—

median 7.6%

Sector rank

—

not rated yet

CompanyP/ERev Gr.Rating
INVAThis stock——Not rated
ELAN—10.5%Weak· 25
RDY27.3x3.2%Weak· 39
VTRS—1.6%Weak· 29
TEVA25.8x4.4%Weak· 33
ZTS12.6x2.4%Favorable· 63
HLN19x-1.8%Neutral· 48
TAK43.6x-1.7%Weak· 35
Health Care median26.1x7.6%52/100

Valuation vs. quality map

sector medianRDYTEVAZTSHLNTAKP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Health Care companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 83 rated companies among the 324 Health Care stocks we cover. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

What drives this projection, and its limits

2030 scenario price range (Base Case)

$10.04 – $16.73

vs. $20.73 today · implied CAGR -14% – -4%

Metric20262027202820292030
Revenue$444.23M$479.77M$518.15M$559.61M$604.38M
Net income$44.42M$47.98M$51.82M$55.96M$60.44M
EPS$0.61$0.66$0.72$0.77$0.84
Share price (low)$7.38$7.97$8.61$9.30$10.04
Share price (high)$12.30$13.28$14.34$15.49$16.73
CAGR (low–high)-64% / -41%-38% / -20%-25% / -12%-18% / -7%-14% / -4%

Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions. Growth, margin or P/E data is missing for this stock, so some starting values above are placeholders rather than measurements.

Key Risks

Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Analyst Ratings

What 11 Wall Street analysts covering INVA recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.

Buy
consensus · score 4.1 / 5 across 11 analysts
Strong Buy 4Buy 5Hold 1Sell 1Strong Sell 0

Latest SEC Filings

INVA's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K

INVA — frequently asked questions

Is INVA a good stock to buy?

We don't give buy or sell advice. Review Innoviva Inc's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.

Where does INVA's data come from?

Live price data plus the annual financials in Innoviva Inc's SEC filings, refreshed automatically. Its fundamentals ratios aren't loaded yet, which is why it has no model rating.

How is the 5-year projection for INVA calculated?

It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.

Is this INVA analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell INVA. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.