INNOVATE Corp. (VATE) 10-Year Financial Performance & Capital Metrics

VATE • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionRoad & Highway Construction

AboutINNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. The company also fabricates trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.Show more

Revenue $1.11B -22.2%
EBITDA $73M +16.6%
Net Income -$35M +1.7%
EPS (Diluted) -2.73 +42.9%
Gross Margin 18.86% +24.2%
EBITDA Margin 6.58% +49.9%
Operating Margin 3.61% +94.0%
Net Margin -3.13% -26.3%
ROE -
ROIC 5.72% +74.6%
Debt/Equity -
Interest Coverage 0.54 +38.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 66.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.38%

5Y0.55%

3Y-2.79%

TTM-10.69%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-210.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM-52.33%

ROCE

10Y Avg0.96%

5Y Avg2.03%

3Y Avg4.62%

Latest7.95%

Peer Comparison

Road & Highway Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROADConstruction Partners, Inc.	5.38B	112.13	60.94	54.2%	3.62%	11.16%	2.85%	1.85
GVAGranite Construction Incorporated	5.28B	120.98	46.18	14.2%	4.31%	15.14%	6.06%	0.77
STRLSterling Infrastructure, Inc.	10.33B	336.31	40.67	7.28%	14.14%	29.1%	4.03%	0.45
ONEGOneConstruction Group Limited	32.48M	2.03	25.44	-16.16%	1.69%	10.11%		2.00
VATEINNOVATE Corp.	74.83M	5.48	-2.01	-22.2%	-7.7%
TPCTutor Perini Corporation	3.96B	75.17	-24.02	11.51%	-0.25%	-1.01%	11.76%	0.46
SKBLSkyline Builders Group Holding Limited	44.08M	3.73		-5.76%	1.58%	12.51%		1.42

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.12B	1.56B	1.63B	1.98B	1.08B	716.9M	1.21B	1.64B	1.42B	1.11B
Revenue Growth %	1.06%	0.39%	0.05%	0.21%	-0.46%	-0.33%	0.68%	0.36%	-0.13%	-0.22%
Cost of Goods Sold+	984.87M	1.38B	1.42B	1.78B	830.5M	588.5M	1.02B	1.42B	1.21B	898.3M
COGS % of Revenue	0.88%	0.88%	0.87%	0.9%	0.77%	0.82%	0.85%	0.86%	0.85%	0.81%
Gross Profit+	135.94M	180.9M	212.36M	194.2M	246.5M	128.4M	183.7M	221.4M	216M	208.8M
Gross Margin %	0.12%	0.12%	0.13%	0.1%	0.23%	0.18%	0.15%	0.14%	0.15%	0.19%
Gross Profit Growth %	0.9%	0.33%	0.17%	-0.09%	0.27%	-0.48%	0.43%	0.21%	-0.02%	-0.03%
Operating Expenses+	131.81M	177.38M	213.49M	250M	221.2M	156.7M	194.3M	208M	189.5M	168.8M
OpEx % of Revenue	0.12%	0.11%	0.13%	0.13%	0.21%	0.22%	0.16%	0.13%	0.13%	0.15%
Selling, General & Admin	108.53M	152.89M	182.88M	218.4M	177.3M	145.5M	0	0	0	0
SG&A % of Revenue	0.1%	0.1%	0.11%	0.11%	0.16%	0.2%	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-6.82M	-2.84M	-12.77M	78.7M	43.9M	11.2M	194.3M	208M	189.5M	168.8M
Operating Income+	2.23M	-1.42M	-1.13M	-55.8M	25.3M	-28.3M	-10.6M	13.4M	26.5M	40M
Operating Margin %	0%	-0%	-0%	-0.03%	0.02%	-0.04%	-0.01%	0.01%	0.02%	0.04%
Operating Income Growth %	1.15%	-1.64%	0.2%	-48.29%	1.45%	-2.12%	0.63%	2.26%	0.98%	0.51%
EBITDA+	33.17M	27.44M	35.44M	-4.3M	33.5M	-1.5M	27M	55.6M	62.5M	72.9M
EBITDA Margin %	0.03%	0.02%	0.02%	-0%	0.03%	-0%	0.02%	0.03%	0.04%	0.07%
EBITDA Growth %	7.08%	-0.17%	0.29%	-1.12%	8.79%	-1.04%	19%	1.06%	0.12%	0.17%
D&A (Non-Cash Add-back)	30.94M	28.86M	36.57M	51.5M	8.2M	26.8M	37.6M	42.2M	36M	32.9M
EBIT	-7.61M	-2.4M	15.3M	258M	34.3M	28.1M	-5.8M	20.6M	27.1M	40M
Net Interest Income+	-39.02M	-43.4M	-55.1M	-75.7M	-76.1M	-74.8M	-59.1M	-52M	-68.2M	-71.9M
Interest Income	0	0	0	0	0	0	0	0	0	2.6M
Interest Expense	39.02M	43.38M	55.1M	75.7M	76.1M	74.8M	59.1M	52M	68.2M	74.5M
Other Income/Expense	-47.34M	-44.37M	-38.65M	238.1M	-67.1M	-18.4M	-70.1M	-54.5M	-60.9M	-73.4M
Pretax Income+	-46.62M	-45.79M	-39.75M	182.3M	-41.8M	-46.7M	-80.7M	-41.1M	-34.4M	-33.4M
Pretax Margin %	-0.04%	-0.03%	-0.02%	0.09%	-0.04%	-0.07%	-0.07%	-0.03%	-0.02%	-0.03%
Income Tax+	-10.88M	51.64M	10.74M	2.4M	-19.6M	7M	5.6M	900K	4.5M	6.3M
Effective Tax Rate %	0.85%	2.3%	1.25%	0.76%	0.75%	1.97%	2.82%	0.87%	1.02%	1.04%
Net Income+	-39.83M	-105.4M	-49.7M	139M	-31.5M	-92M	-227.5M	-35.9M	-35.2M	-34.6M
Net Margin %	-0.04%	-0.07%	-0.03%	0.07%	-0.03%	-0.13%	-0.19%	-0.02%	-0.02%	-0.03%
Net Income Growth %	-1.44%	-1.65%	0.53%	3.8%	-1.23%	-1.92%	-1.47%	0.84%	0.02%	0.02%
Net Income (Continuing)	-35.74M	-97.4M	-50.5M	179.9M	-22.2M	-53.7M	-86.3M	-42M	-38.9M	-39.7M
Discontinued Operations	0	0	0	0	-13.9M	-48.4M	-149.9M	0	0	0
Minority Interest	26.62M	25.75M	116.56M	113.6M	105.1M	45.7M	77.4M	74.1M	12.8M	20.6M
EPS (Diluted)+	-15.04	-28.26	-11.61	29.70	-3.93	-9.22	-10.35	-5.26	-4.78	-2.73
EPS Growth %	-0.82%	-0.88%	0.59%	3.56%	-1.13%	-1.35%	-0.12%	0.49%	0.09%	0.43%
EPS (Basic)	-6.01	-15.91	-7.50	29.00	-3.93	-9.22	-10.35	-5.26	-4.78	-2.73
Diluted Shares Outstanding	2.65M	3.73M	4.28M	4.68M	4.48M	5.03M	7.71M	7.75M	7.87M	13.1M
Basic Shares Outstanding	6.62M	6.62M	6.62M	4.79M	4.48M	5.03M	7.71M	7.75M	7.87M	13.1M
Dividend Payout Ratio	-	-	-	0.01%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.2B	2.25B	2.36B	5.25B	1.39B	6.23B	442.6M	536.4M	518.5M	391.4M
Cash & Short-Term Investments	1.39B	1.39B	1.44B	3.72B	193.7M	45.3M	45.5M	80.4M	80.8M	48.8M
Cash Only	158.62M	115.37M	97.89M	325M	193.7M	45.3M	45.5M	80.4M	80.8M	48.8M
Short-Term Investments	1.23B	1.28B	1.34B	3.39B	0	0	0	0	0	0
Accounts Receivable	792.45M	842.07M	918.84M	1.54B	1.18B	221.3M	365.7M	420M	399.1M	300.9M
Days Sales Outstanding	258.07	197.26	205.23	283.77	400.79	112.67	110.75	93.63	102.37	99.2
Inventory	12.12M	9.65M	12.74M	-1.3M	10.7M	9.9M	17M	18.9M	22.4M	20.8M
Days Inventory Outstanding	4.49	2.56	3.27	-	4.7	6.14	6.07	4.87	6.77	8.45
Other Current Assets	6.07M	532.21M	528.4M	0	0	5.95B	14.4M	16.8M	5M	10M
Total Non-Current Assets+	541.41M	588.73M	860.34M	1.25B	5.57B	496.5M	637.5M	615.3M	525.1M	499.7M
Property, Plant & Equipment	214.47M	286.46M	374.66M	376.3M	176.9M	152.6M	239.5M	165M	212.6M	187.3M
Fixed Asset Turnover	5.23x	5.44x	4.36x	5.25x	6.09x	4.70x	5.03x	9.92x	6.69x	5.91x
Goodwill	61.18M	98.09M	131.74M	171.7M	110.4M	111M	127.4M	127.1M	127.1M	126.7M
Intangible Assets	29.41M	39.72M	117.11M	219.2M	210.6M	172.1M	208.4M	190.1M	178.9M	172.4M
Long-Term Investments	102.8M	113.88M	132.92M	273M	4.44B	56.9M	44.2M	59.5M	1.8M	3.6M
Other Non-Current Assets	81.04M	49.47M	102.26M	208.1M	626.5M	900K	15M	71.9M	2.7M	8.1M
Total Assets+	2.74B	2.84B	3.22B	6.5B	6.96B	6.72B	1.08B	1.15B	1.04B	891.1M
Asset Turnover	0.41x	0.55x	0.51x	0.30x	0.15x	0.11x	1.12x	1.42x	1.36x	1.24x
Asset Growth %	2.79%	0.03%	0.13%	1.02%	0.07%	-0.03%	-0.84%	0.07%	-0.09%	-0.15%
Total Current Liabilities+	246.59M	294.95M	367.16M	344.9M	5.22B	5.93B	439.5M	417.2M	444.6M	483.7M
Accounts Payable	84.43M	66.79M	119.2M	104.7M	4.87B	69.7M	179.2M	202.5M	142.9M	84.8M
Days Payables Outstanding	31.29	17.7	30.6	21.44	2.14K	43.23	64.03	52.2	43.21	34.46
Short-Term Debt	0	0	19.67M	34M	0	444.8M	69.5M	30.6M	30.5M	162.2M
Deferred Revenue (Current)	1000K	1000K	-1000K	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.03B	2.1B	2.29B	0	302.5M	5.35B	18.3M	37.2M	31.8M	38.4M
Current Ratio	8.93x	7.62x	6.42x	15.23x	0.27x	1.05x	1.01x	1.29x	1.17x	0.81x
Quick Ratio	8.88x	7.58x	6.39x	15.24x	0.26x	1.05x	0.97x	1.24x	1.12x	0.77x
Cash Conversion Cycle	231.27	182.11	177.9	-	-1.74K	75.58	52.8	46.3	65.93	73.2
Total Non-Current Liabilities+	2.38B	2.47B	2.66B	5.96B	1.28B	174.7M	648M	764.1M	751.7M	567.2M
Long-Term Debt	319.18M	378.78M	399.77M	536.5M	722.3M	127.9M	556.8M	683.8M	679.3M	500.6M
Capital Lease Obligations	52.7M	49.72M	38.75M	37.9M	52.6M	31.6M	58.5M	53.8M	48.6M	43.5M
Deferred Tax Liabilities	4.28M	15.3M	10.74M	30.3M	81.6M	7M	9.1M	9.1M	4.1M	4.4M
Other Non-Current Liabilities	2B	1.98B	2.21B	5.35B	370.8M	-44M	23.6M	17.4M	19.7M	18.7M
Total Liabilities	2.62B	2.77B	3.03B	6.3B	6.49B	6.11B	1.09B	1.18B	1.2B	1.05B
Total Debt+	371.88M	428.5M	593.17M	743.9M	774.9M	604.3M	684.8M	785.3M	771.9M	719.2M
Net Debt	213.25M	313.13M	495.29M	418.9M	581.2M	559M	639.3M	704.9M	691.1M	670.4M
Debt / Equity	3.08x	6.12x	3.13x	3.69x	1.67x	0.98x	-	-	-	-
Debt / EBITDA	11.21x	15.61x	16.74x	-	23.13x	-	25.36x	14.12x	12.35x	9.87x
Net Debt / EBITDA	6.43x	11.41x	13.98x	-	17.35x	-	23.68x	12.68x	11.06x	9.20x
Interest Coverage	0.06x	-0.03x	-0.02x	-0.74x	0.33x	-0.38x	-0.18x	0.26x	0.39x	0.54x
Total Equity+	120.65M	69.97M	189.73M	201.7M	465.2M	615.9M	-6.9M	-29.6M	-152.7M	-159.8M
Equity Growth %	0.07%	-0.42%	1.71%	0.06%	1.31%	0.32%	-1.01%	-3.29%	-4.16%	-0.05%
Book Value per Share	45.56	18.76	44.33	43.10	103.84	122.45	-0.89	-3.82	-19.41	-12.20
Total Shareholders' Equity	94.03M	44.22M	73.17M	88.1M	360.1M	570.2M	-84.3M	-103.7M	-165.5M	-180.4M
Common Stock	35K	42K	44K	0	0	100K	100K	100K	0	0
Retained Earnings	-79.73M	-174.28M	-221.19M	-57.2M	-96.7M	-188.7M	-416.2M	-452.1M	-487.3M	-521.9M
Treasury Stock	-378K	-1.39M	-2.1M	-2.6M	-3.3M	-4.2M	-5.2M	-5.3M	-5.4M	-5.4M
Accumulated OCI	-35.38M	-21.65M	41.69M	-112.6M	168.7M	396.9M	6.4M	5.9M	-1.1M	-3.2M
Minority Interest	26.62M	25.75M	116.56M	113.6M	105.1M	45.7M	77.4M	74.1M	12.8M	20.6M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-32.56M	79.15M	6.14M	341.4M	110.7M	41.1M	27M	-9.5M	26.5M	9.1M
Operating CF Margin %	-0.03%	0.05%	0%	0.17%	0.1%	0.06%	0.02%	-0.01%	0.02%	0.01%
Operating CF Growth %	-1.99%	3.43%	-0.92%	54.58%	-0.68%	-0.63%	-0.34%	-1.35%	3.79%	-0.66%
Net Income	-35.76M	-97.43M	-50.49M	179.9M	-17.8M	-43.6M	-86.3M	-42M	-35.2M	-39.7M
Depreciation & Amortization	30.94M	28.86M	36.57M	38.7M	31.5M	26.8M	37.6M	42.2M	36M	32.9M
Stock-Based Compensation	11.1M	8.35M	5.24M	9M	0	0	2.4M	2.4M	0	3.4M
Deferred Taxes	-13.1M	27.14M	-10.45M	-2.6M	-27.2M	-4.7M	2M	1.1M	-5.3M	500K
Other Non-Cash Items	18.24M	39.19M	10.06M	-213.6M	106.1M	47.8M	57.9M	6.8M	2.9M	-100K
Working Capital Changes	-43.98M	73.04M	15.21M	330M	18.1M	14.8M	13.4M	-20M	28.1M	12.1M
Change in Receivables	-60.72M	-55.91M	-47.07M	-30.2M	-6.6M	56.8M	-38.3M	-52M	20.8M	104.1M
Change in Inventory	2.61M	2.22M	-37.35M	226.9M	0	0	-13.4M	-1.9M	-3.5M	1.9M
Change in Payables	36.22M	11.9M	54.37M	6.6M	-18M	5.8M	57.9M	21.7M	-60.2M	-57.2M
Cash from Investing+	-14.74M	-140.22M	-139.25M	-224.6M	-269.3M	99.2M	-223.2M	-22.5M	23.2M	-13.9M
Capital Expenditures	-21.32M	-29.05M	-31.93M	-39.7M	-24.7M	-17.8M	-24.1M	-20.7M	-18.4M	-19M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.68M	8.35M	2.42M	6.3M	-46M	-94.8M	-144.6M	-1.8M	700K	7.1M
Cash from Financing+	103.17M	18.79M	115.34M	115.2M	68.1M	-141.6M	4.3M	68.1M	-49.4M	-26.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.69M	-4.22M	-3.64M	-2M	0	0	-2.9M	-5.2M	-2.2M	-1.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.09M	-10.79M	-16.26M	-30.6M	-71.3M	-30.8M	-22.4M	-700K	-300K	-300K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-53.88M	50.1M	-25.78M	301.7M	86M	23.3M	2.9M	-30.2M	8.1M	-9.9M
FCF Margin %	-0.05%	0.03%	-0.02%	0.15%	0.08%	0.03%	0%	-0.02%	0.01%	-0.01%
FCF Growth %	-3%	1.93%	-1.51%	12.7%	-0.71%	-0.73%	-0.88%	-11.41%	1.27%	-2.22%
FCF per Share	-20.35	13.43	-6.02	64.47	19.20	4.63	0.38	-3.90	1.03	-0.76
FCF Conversion (FCF/Net Income)	0.82x	-0.75x	-0.12x	2.46x	-3.51x	-0.45x	-0.12x	0.26x	-0.75x	-0.26x
Interest Paid	39.45M	39.2M	47.6M	69.9M	0	0	32.6M	42.5M	0	48.6M
Taxes Paid	1.13M	20.9M	19.2M	13.1M	0	0	5.4M	5.9M	0	3.5M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-34.12%	-110.59%	-38.28%	71.02%	-9.45%	-17.02%	-74.71%	-	-	-
Return on Invested Capital (ROIC)	0.49%	-0.3%	-0.16%	-6.41%	2.28%	-1.91%	-0.88%	1.54%	3.28%	5.72%
Gross Margin	12.13%	11.61%	13%	9.82%	22.89%	17.91%	15.24%	13.52%	15.18%	18.86%
Net Margin	-3.55%	-6.76%	-3.04%	7.03%	-2.92%	-12.83%	-18.88%	-2.19%	-2.47%	-3.13%
Debt / Equity	3.08x	6.12x	3.13x	3.69x	1.67x	0.98x	-	-	-	-
Interest Coverage	0.06x	-0.03x	-0.02x	-0.74x	0.33x	-0.38x	-0.18x	0.26x	0.39x	0.54x
FCF Conversion	0.82x	-0.75x	-0.12x	2.46x	-3.51x	-0.45x	-0.12x	0.26x	-0.75x	-0.26x
Revenue Growth	106.33%	39.02%	4.88%	20.96%	-45.52%	-33.44%	68.11%	35.85%	-13.09%	-22.2%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Infrastructure	-	-	-	-	-	676.6M	1.16B	1.59B	1.4B	1.07B
Infrastructure Growth	-	-	-	-	-	-	71.40%	37.48%	-12.36%	-23.30%
Spectrum	-	-	-	-	-	40.3M	42M	38.7M	22.5M	25.7M
Spectrum Growth	-	-	-	-	-	-	4.22%	-7.86%	-41.86%	14.22%
Life Sciences	-	-	-	-	-	-	-	-	-	9.8M
Life Sciences Growth	-	-	-	-	-	-	-	-	-	-
Life Sciences (Pansend)	-	-	-	-	-	-	-	4.3M	3.3M	-
Life Sciences (Pansend) Growth	-	-	-	-	-	-	-	-	-23.26%	-
Life Sciences	-	-	-	-	-	-	3.5M	-	-	-
Life Sciences Growth	-	-	-	-	-	-	-	-	-	-
Telecommunications	460.36M	735.04M	701.9M	793.6M	696.1M	-	-	-	-	-
Telecommunications Growth	-	59.67%	-4.51%	13.06%	-12.29%	-	-	-	-	-
Construction	-	502.66M	578.99M	-	461.7M	-	-	-	-	-
Construction Growth	-	-	15.19%	-	-	-	-	-	-	-
Marine Services	134.93M	161.86M	169.45M	87M	377.4M	-	-	-	-	-
Marine Services Growth	-	19.97%	4.69%	-48.66%	333.79%	-	-	-	-	-
Insurance Services	2.87M	142.46M	151.58M	217.1M	331.6M	-	-	-	-	-
Insurance Services Growth	-	4872.32%	6.40%	43.23%	52.74%	-	-	-	-	-
Energy	-	6.43M	16.41M	-	27.6M	-	-	-	-	-
Energy Growth	-	-	155.29%	-	-	-	-	-	-	-
Others	2.13M	9.67M	15.79M	3.7M	-	-	-	-	-	-
Others Growth	-	355.25%	63.23%	-76.57%	-	-	-	-	-	-
Broadcasting	-	-	-	1.6M	-	-	-	-	-	-
Broadcasting Growth	-	-	-	-	-	-	-	-	-	-
Manufacturing	513.77M	-	-	-	-	-	-	-	-	-
Manufacturing Growth	-	-	-	-	-	-	-	-	-	-
Utilities	6.76M	-	-	-	-	-	-	-	-	-
Utilities Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	712.5M	1.12B	1.45B	1.76B	1.78B	-	-	-	-	-
UNITED STATES Growth	-	56.54%	29.74%	21.47%	1.14%	-	-	-	-	-
All Other Geographic Locations	12.39M	24.86M	28.8M	26.8M	37.2M	-	-	-	-	-
All Other Geographic Locations Growth	-	100.60%	15.87%	-6.95%	38.81%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

INNOVATE Corp. (VATE) reported $1.10B in revenue for fiscal year 2024. This represents a 11% increase from $989.3M in 2011.

INNOVATE Corp. (VATE) saw revenue decline by 22.2% over the past year.

INNOVATE Corp. (VATE) reported a net loss of $84.7M for fiscal year 2024.

Dividend & Returns

Yes, INNOVATE Corp. (VATE) pays a dividend with a yield of 1.67%. This makes it attractive for income-focused investors.

INNOVATE Corp. (VATE) generated $61.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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INNOVATE Corp. (VATE) 10-Year Financial Performance & Capital Metrics

VATE • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionRoad & Highway Construction

Revenue $1.11B -22.2%
EBITDA $73M +16.6%
Net Income -$35M +1.7%
EPS (Diluted) -2.73 +42.9%
Gross Margin 18.86% +24.2%
EBITDA Margin 6.58% +49.9%
Operating Margin 3.61% +94.0%
Net Margin -3.13% -26.3%
ROE -
ROIC 5.72% +74.6%
Debt/Equity -
Interest Coverage 0.54 +38.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 66.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.38%

5Y0.55%

3Y-2.79%

TTM-10.69%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-210.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM-52.33%

ROCE

10Y Avg0.96%

5Y Avg2.03%

3Y Avg4.62%

Latest7.95%

Peer Comparison

Road & Highway Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROADConstruction Partners, Inc.	5.38B	112.13	60.94	54.2%	3.62%	11.16%	2.85%	1.85
GVAGranite Construction Incorporated	5.28B	120.98	46.18	14.2%	4.31%	15.14%	6.06%	0.77
STRLSterling Infrastructure, Inc.	10.33B	336.31	40.67	7.28%	14.14%	29.1%	4.03%	0.45
ONEGOneConstruction Group Limited	32.48M	2.03	25.44	-16.16%	1.69%	10.11%		2.00
VATEINNOVATE Corp.	74.83M	5.48	-2.01	-22.2%	-7.7%
TPCTutor Perini Corporation	3.96B	75.17	-24.02	11.51%	-0.25%	-1.01%	11.76%	0.46
SKBLSkyline Builders Group Holding Limited	44.08M	3.73		-5.76%	1.58%	12.51%		1.42

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.12B	1.56B	1.63B	1.98B	1.08B	716.9M	1.21B	1.64B	1.42B	1.11B
Revenue Growth %	1.06%	0.39%	0.05%	0.21%	-0.46%	-0.33%	0.68%	0.36%	-0.13%	-0.22%
Cost of Goods Sold+	984.87M	1.38B	1.42B	1.78B	830.5M	588.5M	1.02B	1.42B	1.21B	898.3M
COGS % of Revenue	0.88%	0.88%	0.87%	0.9%	0.77%	0.82%	0.85%	0.86%	0.85%	0.81%
Gross Profit+	135.94M	180.9M	212.36M	194.2M	246.5M	128.4M	183.7M	221.4M	216M	208.8M
Gross Margin %	0.12%	0.12%	0.13%	0.1%	0.23%	0.18%	0.15%	0.14%	0.15%	0.19%
Gross Profit Growth %	0.9%	0.33%	0.17%	-0.09%	0.27%	-0.48%	0.43%	0.21%	-0.02%	-0.03%
Operating Expenses+	131.81M	177.38M	213.49M	250M	221.2M	156.7M	194.3M	208M	189.5M	168.8M
OpEx % of Revenue	0.12%	0.11%	0.13%	0.13%	0.21%	0.22%	0.16%	0.13%	0.13%	0.15%
Selling, General & Admin	108.53M	152.89M	182.88M	218.4M	177.3M	145.5M	0	0	0	0
SG&A % of Revenue	0.1%	0.1%	0.11%	0.11%	0.16%	0.2%	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-6.82M	-2.84M	-12.77M	78.7M	43.9M	11.2M	194.3M	208M	189.5M	168.8M
Operating Income+	2.23M	-1.42M	-1.13M	-55.8M	25.3M	-28.3M	-10.6M	13.4M	26.5M	40M
Operating Margin %	0%	-0%	-0%	-0.03%	0.02%	-0.04%	-0.01%	0.01%	0.02%	0.04%
Operating Income Growth %	1.15%	-1.64%	0.2%	-48.29%	1.45%	-2.12%	0.63%	2.26%	0.98%	0.51%
EBITDA+	33.17M	27.44M	35.44M	-4.3M	33.5M	-1.5M	27M	55.6M	62.5M	72.9M
EBITDA Margin %	0.03%	0.02%	0.02%	-0%	0.03%	-0%	0.02%	0.03%	0.04%	0.07%
EBITDA Growth %	7.08%	-0.17%	0.29%	-1.12%	8.79%	-1.04%	19%	1.06%	0.12%	0.17%
D&A (Non-Cash Add-back)	30.94M	28.86M	36.57M	51.5M	8.2M	26.8M	37.6M	42.2M	36M	32.9M
EBIT	-7.61M	-2.4M	15.3M	258M	34.3M	28.1M	-5.8M	20.6M	27.1M	40M
Net Interest Income+	-39.02M	-43.4M	-55.1M	-75.7M	-76.1M	-74.8M	-59.1M	-52M	-68.2M	-71.9M
Interest Income	0	0	0	0	0	0	0	0	0	2.6M
Interest Expense	39.02M	43.38M	55.1M	75.7M	76.1M	74.8M	59.1M	52M	68.2M	74.5M
Other Income/Expense	-47.34M	-44.37M	-38.65M	238.1M	-67.1M	-18.4M	-70.1M	-54.5M	-60.9M	-73.4M
Pretax Income+	-46.62M	-45.79M	-39.75M	182.3M	-41.8M	-46.7M	-80.7M	-41.1M	-34.4M	-33.4M
Pretax Margin %	-0.04%	-0.03%	-0.02%	0.09%	-0.04%	-0.07%	-0.07%	-0.03%	-0.02%	-0.03%
Income Tax+	-10.88M	51.64M	10.74M	2.4M	-19.6M	7M	5.6M	900K	4.5M	6.3M
Effective Tax Rate %	0.85%	2.3%	1.25%	0.76%	0.75%	1.97%	2.82%	0.87%	1.02%	1.04%
Net Income+	-39.83M	-105.4M	-49.7M	139M	-31.5M	-92M	-227.5M	-35.9M	-35.2M	-34.6M
Net Margin %	-0.04%	-0.07%	-0.03%	0.07%	-0.03%	-0.13%	-0.19%	-0.02%	-0.02%	-0.03%
Net Income Growth %	-1.44%	-1.65%	0.53%	3.8%	-1.23%	-1.92%	-1.47%	0.84%	0.02%	0.02%
Net Income (Continuing)	-35.74M	-97.4M	-50.5M	179.9M	-22.2M	-53.7M	-86.3M	-42M	-38.9M	-39.7M
Discontinued Operations	0	0	0	0	-13.9M	-48.4M	-149.9M	0	0	0
Minority Interest	26.62M	25.75M	116.56M	113.6M	105.1M	45.7M	77.4M	74.1M	12.8M	20.6M
EPS (Diluted)+	-15.04	-28.26	-11.61	29.70	-3.93	-9.22	-10.35	-5.26	-4.78	-2.73
EPS Growth %	-0.82%	-0.88%	0.59%	3.56%	-1.13%	-1.35%	-0.12%	0.49%	0.09%	0.43%
EPS (Basic)	-6.01	-15.91	-7.50	29.00	-3.93	-9.22	-10.35	-5.26	-4.78	-2.73
Diluted Shares Outstanding	2.65M	3.73M	4.28M	4.68M	4.48M	5.03M	7.71M	7.75M	7.87M	13.1M
Basic Shares Outstanding	6.62M	6.62M	6.62M	4.79M	4.48M	5.03M	7.71M	7.75M	7.87M	13.1M
Dividend Payout Ratio	-	-	-	0.01%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.2B	2.25B	2.36B	5.25B	1.39B	6.23B	442.6M	536.4M	518.5M	391.4M
Cash & Short-Term Investments	1.39B	1.39B	1.44B	3.72B	193.7M	45.3M	45.5M	80.4M	80.8M	48.8M
Cash Only	158.62M	115.37M	97.89M	325M	193.7M	45.3M	45.5M	80.4M	80.8M	48.8M
Short-Term Investments	1.23B	1.28B	1.34B	3.39B	0	0	0	0	0	0
Accounts Receivable	792.45M	842.07M	918.84M	1.54B	1.18B	221.3M	365.7M	420M	399.1M	300.9M
Days Sales Outstanding	258.07	197.26	205.23	283.77	400.79	112.67	110.75	93.63	102.37	99.2
Inventory	12.12M	9.65M	12.74M	-1.3M	10.7M	9.9M	17M	18.9M	22.4M	20.8M
Days Inventory Outstanding	4.49	2.56	3.27	-	4.7	6.14	6.07	4.87	6.77	8.45
Other Current Assets	6.07M	532.21M	528.4M	0	0	5.95B	14.4M	16.8M	5M	10M
Total Non-Current Assets+	541.41M	588.73M	860.34M	1.25B	5.57B	496.5M	637.5M	615.3M	525.1M	499.7M
Property, Plant & Equipment	214.47M	286.46M	374.66M	376.3M	176.9M	152.6M	239.5M	165M	212.6M	187.3M
Fixed Asset Turnover	5.23x	5.44x	4.36x	5.25x	6.09x	4.70x	5.03x	9.92x	6.69x	5.91x
Goodwill	61.18M	98.09M	131.74M	171.7M	110.4M	111M	127.4M	127.1M	127.1M	126.7M
Intangible Assets	29.41M	39.72M	117.11M	219.2M	210.6M	172.1M	208.4M	190.1M	178.9M	172.4M
Long-Term Investments	102.8M	113.88M	132.92M	273M	4.44B	56.9M	44.2M	59.5M	1.8M	3.6M
Other Non-Current Assets	81.04M	49.47M	102.26M	208.1M	626.5M	900K	15M	71.9M	2.7M	8.1M
Total Assets+	2.74B	2.84B	3.22B	6.5B	6.96B	6.72B	1.08B	1.15B	1.04B	891.1M
Asset Turnover	0.41x	0.55x	0.51x	0.30x	0.15x	0.11x	1.12x	1.42x	1.36x	1.24x
Asset Growth %	2.79%	0.03%	0.13%	1.02%	0.07%	-0.03%	-0.84%	0.07%	-0.09%	-0.15%
Total Current Liabilities+	246.59M	294.95M	367.16M	344.9M	5.22B	5.93B	439.5M	417.2M	444.6M	483.7M
Accounts Payable	84.43M	66.79M	119.2M	104.7M	4.87B	69.7M	179.2M	202.5M	142.9M	84.8M
Days Payables Outstanding	31.29	17.7	30.6	21.44	2.14K	43.23	64.03	52.2	43.21	34.46
Short-Term Debt	0	0	19.67M	34M	0	444.8M	69.5M	30.6M	30.5M	162.2M
Deferred Revenue (Current)	1000K	1000K	-1000K	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.03B	2.1B	2.29B	0	302.5M	5.35B	18.3M	37.2M	31.8M	38.4M
Current Ratio	8.93x	7.62x	6.42x	15.23x	0.27x	1.05x	1.01x	1.29x	1.17x	0.81x
Quick Ratio	8.88x	7.58x	6.39x	15.24x	0.26x	1.05x	0.97x	1.24x	1.12x	0.77x
Cash Conversion Cycle	231.27	182.11	177.9	-	-1.74K	75.58	52.8	46.3	65.93	73.2
Total Non-Current Liabilities+	2.38B	2.47B	2.66B	5.96B	1.28B	174.7M	648M	764.1M	751.7M	567.2M
Long-Term Debt	319.18M	378.78M	399.77M	536.5M	722.3M	127.9M	556.8M	683.8M	679.3M	500.6M
Capital Lease Obligations	52.7M	49.72M	38.75M	37.9M	52.6M	31.6M	58.5M	53.8M	48.6M	43.5M
Deferred Tax Liabilities	4.28M	15.3M	10.74M	30.3M	81.6M	7M	9.1M	9.1M	4.1M	4.4M
Other Non-Current Liabilities	2B	1.98B	2.21B	5.35B	370.8M	-44M	23.6M	17.4M	19.7M	18.7M
Total Liabilities	2.62B	2.77B	3.03B	6.3B	6.49B	6.11B	1.09B	1.18B	1.2B	1.05B
Total Debt+	371.88M	428.5M	593.17M	743.9M	774.9M	604.3M	684.8M	785.3M	771.9M	719.2M
Net Debt	213.25M	313.13M	495.29M	418.9M	581.2M	559M	639.3M	704.9M	691.1M	670.4M
Debt / Equity	3.08x	6.12x	3.13x	3.69x	1.67x	0.98x	-	-	-	-
Debt / EBITDA	11.21x	15.61x	16.74x	-	23.13x	-	25.36x	14.12x	12.35x	9.87x
Net Debt / EBITDA	6.43x	11.41x	13.98x	-	17.35x	-	23.68x	12.68x	11.06x	9.20x
Interest Coverage	0.06x	-0.03x	-0.02x	-0.74x	0.33x	-0.38x	-0.18x	0.26x	0.39x	0.54x
Total Equity+	120.65M	69.97M	189.73M	201.7M	465.2M	615.9M	-6.9M	-29.6M	-152.7M	-159.8M
Equity Growth %	0.07%	-0.42%	1.71%	0.06%	1.31%	0.32%	-1.01%	-3.29%	-4.16%	-0.05%
Book Value per Share	45.56	18.76	44.33	43.10	103.84	122.45	-0.89	-3.82	-19.41	-12.20
Total Shareholders' Equity	94.03M	44.22M	73.17M	88.1M	360.1M	570.2M	-84.3M	-103.7M	-165.5M	-180.4M
Common Stock	35K	42K	44K	0	0	100K	100K	100K	0	0
Retained Earnings	-79.73M	-174.28M	-221.19M	-57.2M	-96.7M	-188.7M	-416.2M	-452.1M	-487.3M	-521.9M
Treasury Stock	-378K	-1.39M	-2.1M	-2.6M	-3.3M	-4.2M	-5.2M	-5.3M	-5.4M	-5.4M
Accumulated OCI	-35.38M	-21.65M	41.69M	-112.6M	168.7M	396.9M	6.4M	5.9M	-1.1M	-3.2M
Minority Interest	26.62M	25.75M	116.56M	113.6M	105.1M	45.7M	77.4M	74.1M	12.8M	20.6M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-32.56M	79.15M	6.14M	341.4M	110.7M	41.1M	27M	-9.5M	26.5M	9.1M
Operating CF Margin %	-0.03%	0.05%	0%	0.17%	0.1%	0.06%	0.02%	-0.01%	0.02%	0.01%
Operating CF Growth %	-1.99%	3.43%	-0.92%	54.58%	-0.68%	-0.63%	-0.34%	-1.35%	3.79%	-0.66%
Net Income	-35.76M	-97.43M	-50.49M	179.9M	-17.8M	-43.6M	-86.3M	-42M	-35.2M	-39.7M
Depreciation & Amortization	30.94M	28.86M	36.57M	38.7M	31.5M	26.8M	37.6M	42.2M	36M	32.9M
Stock-Based Compensation	11.1M	8.35M	5.24M	9M	0	0	2.4M	2.4M	0	3.4M
Deferred Taxes	-13.1M	27.14M	-10.45M	-2.6M	-27.2M	-4.7M	2M	1.1M	-5.3M	500K
Other Non-Cash Items	18.24M	39.19M	10.06M	-213.6M	106.1M	47.8M	57.9M	6.8M	2.9M	-100K
Working Capital Changes	-43.98M	73.04M	15.21M	330M	18.1M	14.8M	13.4M	-20M	28.1M	12.1M
Change in Receivables	-60.72M	-55.91M	-47.07M	-30.2M	-6.6M	56.8M	-38.3M	-52M	20.8M	104.1M
Change in Inventory	2.61M	2.22M	-37.35M	226.9M	0	0	-13.4M	-1.9M	-3.5M	1.9M
Change in Payables	36.22M	11.9M	54.37M	6.6M	-18M	5.8M	57.9M	21.7M	-60.2M	-57.2M
Cash from Investing+	-14.74M	-140.22M	-139.25M	-224.6M	-269.3M	99.2M	-223.2M	-22.5M	23.2M	-13.9M
Capital Expenditures	-21.32M	-29.05M	-31.93M	-39.7M	-24.7M	-17.8M	-24.1M	-20.7M	-18.4M	-19M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.68M	8.35M	2.42M	6.3M	-46M	-94.8M	-144.6M	-1.8M	700K	7.1M
Cash from Financing+	103.17M	18.79M	115.34M	115.2M	68.1M	-141.6M	4.3M	68.1M	-49.4M	-26.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.69M	-4.22M	-3.64M	-2M	0	0	-2.9M	-5.2M	-2.2M	-1.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.09M	-10.79M	-16.26M	-30.6M	-71.3M	-30.8M	-22.4M	-700K	-300K	-300K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-53.88M	50.1M	-25.78M	301.7M	86M	23.3M	2.9M	-30.2M	8.1M	-9.9M
FCF Margin %	-0.05%	0.03%	-0.02%	0.15%	0.08%	0.03%	0%	-0.02%	0.01%	-0.01%
FCF Growth %	-3%	1.93%	-1.51%	12.7%	-0.71%	-0.73%	-0.88%	-11.41%	1.27%	-2.22%
FCF per Share	-20.35	13.43	-6.02	64.47	19.20	4.63	0.38	-3.90	1.03	-0.76
FCF Conversion (FCF/Net Income)	0.82x	-0.75x	-0.12x	2.46x	-3.51x	-0.45x	-0.12x	0.26x	-0.75x	-0.26x
Interest Paid	39.45M	39.2M	47.6M	69.9M	0	0	32.6M	42.5M	0	48.6M
Taxes Paid	1.13M	20.9M	19.2M	13.1M	0	0	5.4M	5.9M	0	3.5M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-34.12%	-110.59%	-38.28%	71.02%	-9.45%	-17.02%	-74.71%	-	-	-
Return on Invested Capital (ROIC)	0.49%	-0.3%	-0.16%	-6.41%	2.28%	-1.91%	-0.88%	1.54%	3.28%	5.72%
Gross Margin	12.13%	11.61%	13%	9.82%	22.89%	17.91%	15.24%	13.52%	15.18%	18.86%
Net Margin	-3.55%	-6.76%	-3.04%	7.03%	-2.92%	-12.83%	-18.88%	-2.19%	-2.47%	-3.13%
Debt / Equity	3.08x	6.12x	3.13x	3.69x	1.67x	0.98x	-	-	-	-
Interest Coverage	0.06x	-0.03x	-0.02x	-0.74x	0.33x	-0.38x	-0.18x	0.26x	0.39x	0.54x
FCF Conversion	0.82x	-0.75x	-0.12x	2.46x	-3.51x	-0.45x	-0.12x	0.26x	-0.75x	-0.26x
Revenue Growth	106.33%	39.02%	4.88%	20.96%	-45.52%	-33.44%	68.11%	35.85%	-13.09%	-22.2%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Infrastructure	-	-	-	-	-	676.6M	1.16B	1.59B	1.4B	1.07B
Infrastructure Growth	-	-	-	-	-	-	71.40%	37.48%	-12.36%	-23.30%
Spectrum	-	-	-	-	-	40.3M	42M	38.7M	22.5M	25.7M
Spectrum Growth	-	-	-	-	-	-	4.22%	-7.86%	-41.86%	14.22%
Life Sciences	-	-	-	-	-	-	-	-	-	9.8M
Life Sciences Growth	-	-	-	-	-	-	-	-	-	-
Life Sciences (Pansend)	-	-	-	-	-	-	-	4.3M	3.3M	-
Life Sciences (Pansend) Growth	-	-	-	-	-	-	-	-	-23.26%	-
Life Sciences	-	-	-	-	-	-	3.5M	-	-	-
Life Sciences Growth	-	-	-	-	-	-	-	-	-	-
Telecommunications	460.36M	735.04M	701.9M	793.6M	696.1M	-	-	-	-	-
Telecommunications Growth	-	59.67%	-4.51%	13.06%	-12.29%	-	-	-	-	-
Construction	-	502.66M	578.99M	-	461.7M	-	-	-	-	-
Construction Growth	-	-	15.19%	-	-	-	-	-	-	-
Marine Services	134.93M	161.86M	169.45M	87M	377.4M	-	-	-	-	-
Marine Services Growth	-	19.97%	4.69%	-48.66%	333.79%	-	-	-	-	-
Insurance Services	2.87M	142.46M	151.58M	217.1M	331.6M	-	-	-	-	-
Insurance Services Growth	-	4872.32%	6.40%	43.23%	52.74%	-	-	-	-	-
Energy	-	6.43M	16.41M	-	27.6M	-	-	-	-	-
Energy Growth	-	-	155.29%	-	-	-	-	-	-	-
Others	2.13M	9.67M	15.79M	3.7M	-	-	-	-	-	-
Others Growth	-	355.25%	63.23%	-76.57%	-	-	-	-	-	-
Broadcasting	-	-	-	1.6M	-	-	-	-	-	-
Broadcasting Growth	-	-	-	-	-	-	-	-	-	-
Manufacturing	513.77M	-	-	-	-	-	-	-	-	-
Manufacturing Growth	-	-	-	-	-	-	-	-	-	-
Utilities	6.76M	-	-	-	-	-	-	-	-	-
Utilities Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	712.5M	1.12B	1.45B	1.76B	1.78B	-	-	-	-	-
UNITED STATES Growth	-	56.54%	29.74%	21.47%	1.14%	-	-	-	-	-
All Other Geographic Locations	12.39M	24.86M	28.8M	26.8M	37.2M	-	-	-	-	-
All Other Geographic Locations Growth	-	100.60%	15.87%	-6.95%	38.81%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

INNOVATE Corp. (VATE) reported $1.10B in revenue for fiscal year 2024. This represents a 11% increase from $989.3M in 2011.

INNOVATE Corp. (VATE) saw revenue decline by 22.2% over the past year.

INNOVATE Corp. (VATE) reported a net loss of $84.7M for fiscal year 2024.

Dividend & Returns

Yes, INNOVATE Corp. (VATE) pays a dividend with a yield of 1.67%. This makes it attractive for income-focused investors.

INNOVATE Corp. (VATE) generated $61.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.