Identiv (INVE)
Market Price (12/4/2025): $3.44 | Market Cap: $81.7 MilSector: Industrials | Industry: Building Products
Identiv (INVE)
Market Price (12/4/2025): $3.44Market Cap: $81.7 MilSector: IndustrialsIndustry: Building Products
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 97%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 92% | Weak multi-year price returns2Y Excs Rtn is -102%, 3Y Excs Rtn is -133% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -114% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -165% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -35%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -37%, Rev Chg QQuarterly Revenue Change % is -25% | |
| Low stock price volatilityVol 12M is 46% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -85%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -92% | |
| Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 97%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 92% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -165% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -102%, 3Y Excs Rtn is -133% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -114% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -35%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -37%, Rev Chg QQuarterly Revenue Change % is -25% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -85%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -92% |
Valuation, Metrics & Events
INVE Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
The search results provide information for Identiv (INVE) for the period between August 31, 2025, and December 4, 2025. Key events include Q2 and Q3 2025 earnings reports.
Here are the key points for Identiv's (INVE) stock movement for the approximate time period from August 31, 2025, to December 4, 2025:
1. Identiv reported a 25% year-over-year revenue decline in Q2 2025. This was primarily due to the planned exit from lower-margin business segments and reduced sales to a major customer who was working through safety stock accumulated in 2024.
2. Significant deterioration in gross margins occurred in Q2 2025. GAAP gross margin fell to -9.4% from 9.1% in Q2 2024, and non-GAAP gross margin declined to -0.8% from 14.6%. These declines were driven by incremental costs from the production transition to Thailand, dual manufacturing sites during the transition, lower facility utilization, and obsolete inventory adjustments at the Singapore facility.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INVE Return | 51% | 231% | -74% | 14% | -56% | -7% | -39% |
| Peers Return | 41% | 55% | -11% | 62% | 9% | 13% | 285% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| INVE Win Rate | 67% | 75% | 33% | 58% | 33% | 50% | |
| Peers Win Rate | 65% | 63% | 43% | 63% | 55% | 54% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| INVE Max Drawdown | -60% | -10% | -77% | -34% | -64% | -20% | |
| Peers Max Drawdown | -37% | -3% | -37% | -8% | -12% | -14% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: WMS, WTS, UFPI, GFF, TT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | INVE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -83.0% | -25.4% |
| % Gain to Breakeven | 489.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -67.7% | -33.9% |
| % Gain to Breakeven | 209.8% | 51.3% |
| Time to Breakeven | 230 days | 148 days |
| 2018 Correction | ||
| % Loss | -61.6% | -19.8% |
| % Gain to Breakeven | 160.3% | 24.7% |
| Time to Breakeven | 1119 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.4% | -56.8% |
| % Gain to Breakeven | 249.2% | 131.3% |
| Time to Breakeven | 853 days | 1480 days |
Compare to WMS, WTS, UFPI, GFF, TT
In The Past
Identiv's stock fell -83.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -83.0% loss requires a 489.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Can Identiv Stock Recover If Markets Fall? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to INVE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Identiv
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.33 |
| Mkt Cap | 7.2 |
| Rev LTM | 2,752 |
| Op Inc LTM | 445 |
| FCF LTM | 319 |
| FCF 3Y Avg | 416 |
| CFO LTM | 465 |
| CFO 3Y Avg | 546 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.4% |
| Rev Chg 3Y Avg | -2.2% |
| Rev Chg Q | 0.1% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 18.2% |
| Op Mgn 3Y Avg | 15.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 14.0% |
| CFO/Rev 3Y Avg | 14.8% |
| FCF/Rev LTM | 11.9% |
| FCF/Rev 3Y Avg | 12.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.2 |
| P/S | 3.5 |
| P/EBIT | 15.4 |
| P/E | 26.2 |
| P/CFO | 12.1 |
| Total Yield | 4.4% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.0% |
| 3M Rtn | -1.5% |
| 6M Rtn | 7.2% |
| 12M Rtn | -4.5% |
| 3Y Rtn | 68.9% |
| 1M Excs Rtn | -0.0% |
| 3M Excs Rtn | -9.2% |
| 6M Excs Rtn | -7.5% |
| 12M Excs Rtn | -19.3% |
| 3Y Excs Rtn | 2.7% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 3172025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 3152024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 3162023 | 10-K 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3142022 | 10-K 12/31/2021 |
| 9302021 | 11122021 | 10-Q 9/30/2021 |
External Quote Links
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| SeekingAlpha | ValueLine |
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |