VATE
INNOVATE Corp.
Engineering & Construction
Market Cap$169M
5Y Perf.-53.0%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
VATE vs CODI
Revenue, margins, valuation, and 5-year total return — side by side.
CODI
Compass Diversified
Conglomerates
Market Cap$874M
5Y Perf.-31.5%
VATE vs CODI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | VATE | CODI |
|---|---|---|
| Industry | Engineering & Construction | Conglomerates |
| Market Cap | $169M | $874M |
| Revenue (TTM) | $1.10B | $1.85B |
| Net Income (TTM) | $-70M | $-227M |
| Gross Margin | 17.0% | 38.7% |
| Operating Margin | 1.6% | 0.3% |
| Forward P/E | — | 145.3x |
| Total Debt | $719M | $1.88B |
| Cash & Equiv. | $49M | $68M |
VATE vs CODI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
VATE
CODI
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| INNOVATE Corp. (VATE) | 100 | 47.0 | -53.0% |
| Compass Diversified (CODI) | 100 | 68.5 | -31.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VATE vs CODI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: VATE and CODI are tied at the top with 3 categories each — the right choice depends on your priorities. Compass Diversified is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
VATE
INNOVATE Corp.
The Income Pick
VATE carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.94, yield 0.7%
- Lower volatility, beta 0.94, current ratio 0.81x
- -6.3% margin vs CODI's -12.3%
Best for: income & stability and sleep-well-at-night
CODI
Compass Diversified
The Growth Play
CODI is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 4.8%, EPS growth -14.3%, 3Y rev CAGR 2.2%
- 52.1% 10Y total return vs VATE's 22.9%
- Beta 1.09, yield 4.3%, current ratio 2.42x
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CODI | 4.8% revenue growth vs VATE's -22.2% |
| Quality / Margins | VATE | -6.3% margin vs CODI's -12.3% |
| Stability / Safety | VATE | Beta 0.94 vs CODI's 1.09 |
| Dividends | CODI | 4.3% yield, vs VATE's 0.7% |
| Momentum (1Y) | VATE | +111.4% vs CODI's -32.6% |
| Efficiency (ROA) | CODI | -7.3% ROA vs VATE's -7.8%, ROIC 1.0% vs 5.7% |
VATE vs CODI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
VATE vs CODI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLVATELAGGINGCODI
CODICompass Diversified
2leads
VATEINNOVATE Corp.
4leads
6 Total Categories
CATEGORYLEADERvs CODIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
VATE5/6
Valuation MetricsMultiples, price ratios, and targets
VATE3/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
VATE5/7
Total Returns1Y, 3Y, 5Y total returns with dividends
CODI4/6
Risk & VolatilityBeta, volatility, and downside exposure
VATE2/2
Analyst OutlookRatings, price targets, and dividends
CODI1/1
Income & Cash Flow (Last 12 Months)
VATE leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CODI is the larger business by revenue, generating $1.8B annually — 1.7x VATE's $1.1B. VATE is the more profitable business, keeping -6.3% of every revenue dollar as net income compared to CODI's -12.3%. On growth, VATE holds the edge at +43.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $1.8B |
| EBITDAEarnings before interest/tax | $46M | $109M |
| Net IncomeAfter-tax profit | -$70M | -$227M |
| Free Cash FlowCash after capex | $61M | $10M |
| Gross MarginGross profit ÷ Revenue | +17.0% | +38.7% |
| Operating MarginEBIT ÷ Revenue | +1.6% | +0.3% |
| Net MarginNet income ÷ Revenue | -6.3% | -12.3% |
| FCF MarginFCF ÷ Revenue | +5.6% | +0.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +43.3% | -5.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +38.8% | -5.1% |
VATE leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
VATE leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
On an enterprise value basis, VATE's 11.5x EV/EBITDA is more attractive than CODI's 14.8x.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| Market CapShares × price | $169M | $874M |
| Enterprise ValueMkt cap + debt − cash | $840M | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | -4.55x | -3.81x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 145.25x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.52x | 14.82x |
| Price / SalesMarket cap ÷ Revenue | 0.15x | 0.47x |
| Price / BookPrice ÷ Book value/share | — | 1.52x |
| Price / FCFMarket cap ÷ FCF | — | — |
VATE leads this category, winning 3 of 3 comparable metrics.
Profitability & Efficiency
VATE leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), CODI scores 5/9 vs VATE's 3/9, reflecting solid financial health.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| ROE (TTM)Return on equity | — | -49.6% |
| ROA (TTM)Return on assets | -7.8% | -7.3% |
| ROICReturn on invested capital | +5.7% | +1.0% |
| ROCEReturn on capital employed | +7.9% | +2.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | — | 3.27x |
| Net DebtTotal debt minus cash | $670M | $1.8B |
| Cash & Equiv.Liquid assets | $49M | $68M |
| Total DebtShort + long-term debt | $719M | $1.9B |
| Interest CoverageEBIT ÷ Interest expense | 0.21x | -0.97x |
VATE leads this category, winning 5 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
CODI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CODI five years ago would be worth $6,298 today (with dividends reinvested), compared to $3,201 for VATE. Over the past 12 months, VATE leads with a +111.4% total return vs CODI's -32.6%. The 3-year compound annual growth rate (CAGR) favors CODI at -10.3% vs VATE's -21.4% — a key indicator of consistent wealth creation.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| YTD ReturnYear-to-date | +153.7% | +149.9% |
| 1-Year ReturnPast 12 months | +111.4% | -32.6% |
| 3-Year ReturnCumulative with dividends | -51.5% | -27.8% |
| 5-Year ReturnCumulative with dividends | -68.0% | -37.0% |
| 10-Year ReturnCumulative with dividends | +22.9% | +52.1% |
| CAGR (3Y)Annualised 3-year return | -21.4% | -10.3% |
CODI leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
VATE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VATE is the less volatile stock with a 0.94 beta — it tends to amplify market swings less than CODI's 1.09 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VATE currently trades 92.2% from its 52-week high vs CODI's 66.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.94x | 1.09x |
| 52-Week HighHighest price in past year | $13.46 | $17.46 |
| 52-Week LowLowest price in past year | $3.75 | $4.58 |
| % of 52W HighCurrent price vs 52-week peak | +92.2% | +66.6% |
| RSI (14)Momentum oscillator 0–100 | 69.8 | 70.2 |
| Avg Volume (50D)Average daily shares traded | 41K | 1.2M |
VATE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
CODI leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, CODI offers the higher dividend yield at 4.30% vs VATE's 0.74%.
| Metric | VATEINNOVATE Corp. | CODICompass Diversifi… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $15.00 |
| # AnalystsCovering analysts | — | 14 |
| Dividend YieldAnnual dividend ÷ price | +0.7% | +4.3% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.09 | $0.50 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
CODI leads this category, winning 1 of 1 comparable metric.
Key Takeaway
VATE leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). CODI leads in 2 (Total Returns, Analyst Outlook).
Best OverallINNOVATE Corp. (VATE)Leads 4 of 6 categories
Loading custom metrics...
VATE vs CODI: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is VATE or CODI a better buy right now?
For growth investors, Compass Diversified (CODI) is the stronger pick with 4.
8% revenue growth year-over-year, versus -22. 2% for INNOVATE Corp. (VATE). Analysts rate Compass Diversified (CODI) a "Hold" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — VATE or CODI?
Over the past 5 years, Compass Diversified (CODI) delivered a total return of -37.
0%, compared to -68. 0% for INNOVATE Corp. (VATE). Over 10 years, the gap is even starker: CODI returned +52. 1% versus VATE's +22. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — VATE or CODI?
By beta (market sensitivity over 5 years), INNOVATE Corp.
(VATE) is the lower-risk stock at 0. 94β versus Compass Diversified's 1. 09β — meaning CODI is approximately 16% more volatile than VATE relative to the S&P 500.
04Which is growing faster — VATE or CODI?
By revenue growth (latest reported year), Compass Diversified (CODI) is pulling ahead at 4.
8% versus -22. 2% for INNOVATE Corp. (VATE). On earnings-per-share growth, the picture is similar: INNOVATE Corp. grew EPS 42. 9% year-over-year, compared to -1426. 1% for Compass Diversified. Over a 3-year CAGR, CODI leads at 2. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — VATE or CODI?
INNOVATE Corp.
(VATE) is the more profitable company, earning -3. 1% net margin versus -12. 2% for Compass Diversified — meaning it keeps -3. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VATE leads at 3. 6% versus 2. 3% for CODI. At the gross margin level — before operating expenses — CODI leads at 38. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — VATE or CODI?
All stocks in this comparison pay dividends.
Compass Diversified (CODI) offers the highest yield at 4. 3%, versus 0. 7% for INNOVATE Corp. (VATE).
07Is VATE or CODI better for a retirement portfolio?
For long-horizon retirement investors, INNOVATE Corp.
(VATE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 94), 0. 7% yield). Both have compounded well over 10 years (VATE: +22. 9%, CODI: +52. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between VATE and CODI?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: VATE is a small-cap quality compounder stock; CODI is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(VATE: 43.3% · CODI: -5.9%)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.