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INNOVATE Corp.(VATE)Earnings, Financials & Key Ratios
VATE•NYSE
$12.41
$169M mkt cap·Price updated May 6, 2026
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 Margin18.86%+24.2%
- EBITDA Margin6.58%+49.9%
- Operating Margin3.61%+94.0%
- Net Margin-3.13%-26.3%
- ROIC5.72%+74.6%
- Interest Coverage0.54+38.2%
VATE Key Insights
INNOVATE Corp. (VATE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 97 (top 3%)
- ✓Efficient asset utilization: 1.2x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 66.5% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VATE Price & Volume
INNOVATE Corp. (VATE) stock price & volume — 10-year historical chart
Loading chart...
VATE Growth Metrics
INNOVATE Corp. (VATE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.38%
5 Years0.55%
3 Years-2.79%
TTM-10.69%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-155.68%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-52.33%
Return on Capital
10 Years0.96%
5 Years2.03%
3 Years4.62%
Last Year7.95%
VATE Recent Earnings
INNOVATE Corp. (VATE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (100%)●Beat Revenue 7/12 qtrs (100%)
Q2 2026Latest
Mar 26, 2026EPS
$0.58
Est $2.18
+73.4%
Revenue
$383M
Est $252M
+52.0%
Q4 2025
Nov 12, 2025EPS
$0.71
Revenue
$347M
Q3 2025
Aug 5, 2025EPS
$1.67
Revenue
$242M
Q2 2025
May 6, 2025EPS
$1.89
Revenue
$274M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 26, 2026 | $0.58vs $2.18+73.4% | $383Mvs $252M+52.0% |
| Q4 2025 | Nov 12, 2025 | $0.71 | $347M |
| Q3 2025 | Aug 5, 2025 | $1.67 | $242M |
| Q2 2025 | May 6, 2025 | $1.89 | $274M |
Based on last 12 quarters of dataView full earnings history →
VATE Peer Comparison
INNOVATE Corp. (VATE) competitors in EPC and large project delivery — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CODI | 874.24M | 11.62 | -3.81 | 4.79% | -12.3% | -49.61% | 3.27 | |
 BBUC | 2.45B | 34.98 | -2.87 | 6.83% | -40.33% | 3.33 | ||
 NX | 918.98M | 20.12 | -3.71 | 43.81% | -13% | -30.23% | 1.18 | |
 KALU | 2.92B | 180.42 | 26.65 | 11.54% | 4.14% | 18.68% | 1.36 | |
 ZEUS | 532.97M | 47.86 | 24.29 | -10.03% | 0.73% | 2.39% | 0.55 | |
 RS | 19.24B | 376.48 | 26.93 | 3.32% | 5.43% | 11.17% | 0.28 | |
 NUE | 53.35B | 234.22 | 31.15 | 5.73% | 6.82% | 10.58% | 0.32 | |
 CLF | 6.35B | 11.15 | -3.72 | -3% | -7.94% | -23.38% | 1.15 |
Compare VATE vs Peers
INNOVATE Corp. (VATE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VATE Income Statement
INNOVATE Corp. (VATE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.56B | 1.63B | 1.98B | 1.08B | 716.9M | 1.21B | 1.64B | 1.42B | 1.11B | 1.1B |
| Revenue Growth % | 39.02% | 4.88% | 20.96% | -45.52% | -33.44% | 68.11% | 35.85% | -13.09% | -22.2% | -10.69% |
| Cost of Goods Sold | 1.38B | 1.42B | 1.78B | 830.5M | 588.5M | 1.02B | 1.42B | 1.21B | 898.3M | 912.7M |
| COGS % of Revenue | 88.39% | 87% | 90.18% | 77.11% | 82.09% | 84.76% | 86.48% | 84.82% | 81.14% | - |
| Gross Profit | 180.9M▲ 0% | 212.36M▲ 17.4% | 194.2M▼ 8.6% | 246.5M▲ 26.9% | 128.4M▼ 47.9% | 183.7M▲ 43.1% | 221.4M▲ 20.5% | 216M▼ 2.4% | 208.8M▼ 3.3% | 187.2M▲ 0% |
| Gross Margin % | 11.61% | 13% | 9.82% | 22.89% | 17.91% | 15.24% | 13.52% | 15.18% | 18.86% | 17.02% |
| Gross Profit Growth % | 33.08% | 17.39% | -8.55% | 26.93% | -47.91% | 43.07% | 20.52% | -2.44% | -3.33% | - |
| Operating Expenses | 177.38M | 213.49M | 250M | 221.2M | 156.7M | 194.3M | 208M | 189.5M | 168.8M | 170.3M |
| OpEx % of Revenue | 11.38% | 13.06% | 12.65% | 20.54% | 21.86% | 16.12% | 12.7% | 13.32% | 15.25% | - |
| Selling, General & Admin | 152.89M | 182.88M | 218.4M | 177.3M | 145.5M | 0 | 0 | 0 | 0 | 117.8M |
| SG&A % of Revenue | 9.81% | 11.19% | 11.05% | 16.46% | 20.3% | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -2.84M | -12.77M | 78.7M | 43.9M | 11.2M | 194.3M | 208M | 189.5M | 168.8M | 4M |
| Operating Income | -1.42M▲ 0% | -1.13M▲ 20.3% | -55.8M▼ 4829.3% | 25.3M▲ 145.3% | -28.3M▼ 211.9% | -10.6M▲ 62.5% | 13.4M▲ 226.4% | 26.5M▲ 97.8% | 40M▲ 50.9% | 17.9M▲ 0% |
| Operating Margin % | -0.09% | -0.07% | -2.82% | 2.35% | -3.95% | -0.88% | 0.82% | 1.86% | 3.61% | 1.63% |
| Operating Income Growth % | -163.75% | 20.34% | -4829.33% | 145.34% | -211.86% | 62.54% | 226.42% | 97.76% | 50.94% | - |
| EBITDA | 27.44M | 35.44M | -4.3M | 33.5M | -1.5M | 27M | 55.6M | 62.5M | 72.9M | 45.6M |
| EBITDA Margin % | 1.76% | 2.17% | -0.22% | 3.11% | -0.21% | 2.24% | 3.4% | 4.39% | 6.58% | 4.15% |
| EBITDA Growth % | -17.26% | 29.13% | -112.13% | 879.07% | -104.48% | 1900% | 105.93% | 12.41% | 16.64% | -46.1% |
| D&A (Non-Cash Add-back) | 28.86M | 36.57M | 51.5M | 8.2M | 26.8M | 37.6M | 42.2M | 36M | 32.9M | 27.7M |
| EBIT | -2.4M | 15.3M | 258M | 34.3M | 28.1M | -5.8M | 20.6M | 27.1M | 40M | 17.5M |
| Net Interest Income | -43.4M | -55.1M | -75.7M | -76.1M | -74.8M | -59.1M | -52M | -68.2M | -71.9M | -82M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.6M | 2.6M |
| Interest Expense | 43.38M | 55.1M | 75.7M | 76.1M | 74.8M | 59.1M | 52M | 68.2M | 74.5M | 84.6M |
| Other Income/Expense | -44.37M | -38.65M | 238.1M | -67.1M | -18.4M | -70.1M | -54.5M | -60.9M | -73.4M | -85M |
| Pretax Income | -45.79M▲ 0% | -39.75M▲ 13.2% | 182.3M▲ 558.6% | -41.8M▼ 122.9% | -46.7M▼ 11.7% | -80.7M▼ 72.8% | -41.1M▲ 49.1% | -34.4M▲ 16.3% | -33.4M▲ 2.9% | -67.1M▲ 0% |
| Pretax Margin % | -2.94% | -2.43% | 9.22% | -3.88% | -6.51% | -6.7% | -2.51% | -2.42% | -3.02% | -6.1% |
| Income Tax | 51.64M | 10.74M | 2.4M | -19.6M | 7M | 5.6M | 900K | 4.5M | 6.3M | 20.8M |
| Effective Tax Rate % | -112.76% | -27.02% | 1.32% | 46.89% | -14.99% | -6.94% | -2.19% | -13.08% | -18.86% | -31% |
| Net Income | -105.4M▲ 0% | -49.7M▲ 52.8% | 139M▲ 379.7% | -31.5M▼ 122.7% | -92M▼ 192.1% | -227.5M▼ 147.3% | -35.9M▲ 84.2% | -35.2M▲ 1.9% | -34.6M▲ 1.7% | -69.8M▲ 0% |
| Net Margin % | -6.76% | -3.04% | 7.03% | -2.92% | -12.83% | -18.88% | -2.19% | -2.47% | -3.13% | -6.35% |
| Net Income Growth % | -164.63% | 52.85% | 379.68% | -122.66% | -192.06% | -147.28% | 84.22% | 1.95% | 1.7% | -155.68% |
| Net Income (Continuing) | -97.4M | -50.5M | 179.9M | -22.2M | -53.7M | -86.3M | -42M | -38.9M | -39.7M | -73.7M |
| Discontinued Operations | 0 | 0 | 0 | -13.9M | -48.4M | -149.9M | 0 | 0 | 0 | 0 |
| Minority Interest | 25.75M | 116.56M | 113.6M | 105.1M | 45.7M | 77.4M | 74.1M | 12.8M | 20.6M | 16.5M |
| EPS (Diluted) | -28.26▲ 0% | -11.61▲ 58.9% | 29.70▲ 355.8% | -3.93▼ 113.2% | -9.22▼ 134.6% | -10.35▼ 12.3% | -5.26▲ 49.2% | -4.78▲ 9.1% | -2.73▲ 42.9% | -5.26▲ 0% |
| EPS Growth % | -87.9% | 58.92% | 355.81% | -113.23% | -134.61% | -12.26% | 49.18% | 9.13% | 42.89% | -52.33% |
| EPS (Basic) | -15.91 | -7.50 | 29.00 | -3.93 | -9.22 | -10.35 | -5.26 | -4.78 | -2.73 | - |
| Diluted Shares Outstanding | 3.73M | 4.28M | 4.68M | 4.48M | 5.03M | 7.71M | 7.75M | 7.87M | 13.1M | 13.26M |
| Basic Shares Outstanding | 6.62M | 6.62M | 4.79M | 4.48M | 5.03M | 7.71M | 7.75M | 7.87M | 13.1M | 13.26M |
| Dividend Payout Ratio | - | - | 1.44% | - | - | - | - | - | - | - |
VATE Balance Sheet
INNOVATE Corp. (VATE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.25B | 2.36B | 5.25B | 1.39B | 6.23B | 442.6M | 536.4M | 518.5M | 391.4M | 420.6M |
| Cash & Short-Term Investments | 1.39B | 1.44B | 3.72B | 193.7M | 45.3M | 45.5M | 80.4M | 80.8M | 48.8M | 35.5M |
| Cash Only | 115.37M | 97.89M | 325M | 193.7M | 45.3M | 45.5M | 80.4M | 80.8M | 48.8M | 35.5M |
| Short-Term Investments | 1.28B | 1.34B | 3.39B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 842.07M | 918.84M | 1.54B | 1.18B | 221.3M | 365.7M | 420M | 399.1M | 300.9M | 349M |
| Days Sales Outstanding | 197.26 | 205.23 | 283.77 | 400.79 | 112.67 | 110.75 | 93.63 | 102.37 | 99.2 | 106.03 |
| Inventory | 9.65M | 12.74M | -1.3M | 10.7M | 9.9M | 17M | 18.9M | 22.4M | 20.8M | 18.1M |
| Days Inventory Outstanding | 2.56 | 3.27 | - | 4.7 | 6.14 | 6.07 | 4.87 | 6.77 | 8.45 | 7.93 |
| Other Current Assets | 532.21M | 528.4M | 0 | 0 | 5.95B | 14.4M | 16.8M | 5M | 10M | 7.9M |
| Total Non-Current Assets | 588.73M | 860.34M | 1.25B | 5.57B | 496.5M | 637.5M | 615.3M | 525.1M | 499.7M | 492.6M |
| Property, Plant & Equipment | 286.46M | 374.66M | 376.3M | 176.9M | 152.6M | 239.5M | 165M | 212.6M | 187.3M | 186.4M |
| Fixed Asset Turnover | 5.44x | 4.36x | 5.25x | 6.09x | 4.70x | 5.03x | 9.92x | 6.69x | 5.91x | 5.93x |
| Goodwill | 98.09M | 131.74M | 171.7M | 110.4M | 111M | 127.4M | 127.1M | 127.1M | 126.7M | 126.9M |
| Intangible Assets | 39.72M | 117.11M | 219.2M | 210.6M | 172.1M | 208.4M | 190.1M | 178.9M | 172.4M | 167M |
| Long-Term Investments | 113.88M | 132.92M | 273M | 4.44B | 56.9M | 44.2M | 59.5M | 1.8M | 3.6M | 14M |
| Other Non-Current Assets | 49.47M | 102.26M | 208.1M | 626.5M | 900K | 15M | 71.9M | 2.7M | 8.1M | 32.2M |
| Total Assets | 2.84B▲ 0% | 3.22B▲ 13.5% | 6.5B▲ 102.1% | 6.96B▲ 7.0% | 6.72B▼ 3.4% | 1.08B▼ 83.9% | 1.15B▲ 6.6% | 1.04B▼ 9.4% | 891.1M▼ 14.6% | 913.2M▲ 0% |
| Asset Turnover | 0.55x | 0.51x | 0.30x | 0.15x | 0.11x | 1.12x | 1.42x | 1.36x | 1.24x | 1.23x |
| Asset Growth % | 3.38% | 13.49% | 102.13% | 6.99% | -3.37% | -83.93% | 6.58% | -9.39% | -14.61% | -21.72% |
| Total Current Liabilities | 294.95M | 367.16M | 344.9M | 5.22B | 5.93B | 439.5M | 417.2M | 444.6M | 483.7M | 974.3M |
| Accounts Payable | 66.79M | 119.2M | 104.7M | 4.87B | 69.7M | 179.2M | 202.5M | 142.9M | 84.8M | 99.9M |
| Days Payables Outstanding | 17.7 | 30.6 | 21.44 | 2.14K | 43.23 | 64.03 | 52.2 | 43.21 | 34.46 | 36.95 |
| Short-Term Debt | 0 | 19.67M | 34M | 0 | 444.8M | 69.5M | 30.6M | 30.5M | 162.2M | 584.5M |
| Deferred Revenue (Current) | 43.22M | -1.75B | -169.5M | 0 | 33.2M | 79.1M | 98.6M | 153.5M | 109.1M | 552.7M |
| Other Current Liabilities | 2.1B | 2.29B | 0 | 302.5M | 5.35B | 18.3M | 37.2M | 31.8M | 38.4M | 81.9M |
| Current Ratio | 7.62x | 6.42x | 15.23x | 0.27x | 1.05x | 1.01x | 1.29x | 1.17x | 0.81x | 0.81x |
| Quick Ratio | 7.58x | 6.39x | 15.24x | 0.26x | 1.05x | 0.97x | 1.24x | 1.12x | 0.77x | 0.77x |
| Cash Conversion Cycle | 182.11 | 177.9 | - | -1.74K | 75.58 | 52.8 | 46.3 | 65.93 | 73.2 | 77 |
| Total Non-Current Liabilities | 2.47B | 2.66B | 5.96B | 1.28B | 174.7M | 648M | 764.1M | 751.7M | 567.2M | 146.6M |
| Long-Term Debt | 378.78M | 399.77M | 536.5M | 722.3M | 127.9M | 556.8M | 683.8M | 679.3M | 500.6M | 97.3M |
| Capital Lease Obligations | 49.72M | 38.75M | 37.9M | 52.6M | 31.6M | 58.5M | 53.8M | 48.6M | 43.5M | 166.8M |
| Deferred Tax Liabilities | 15.3M | 10.74M | 30.3M | 81.6M | 7M | 9.1M | 9.1M | 4.1M | 4.4M | 17.7M |
| Other Non-Current Liabilities | 1.98B | 2.21B | 5.35B | 370.8M | -44M | 23.6M | 17.4M | 19.7M | 18.7M | 61.8M |
| Total Liabilities | 2.77B | 3.03B | 6.3B | 6.49B | 6.11B | 1.09B | 1.18B | 1.2B | 1.05B | 1.12B |
| Total Debt | 428.5M | 593.17M | 743.9M | 774.9M | 604.3M | 684.8M | 785.3M | 771.9M | 719.2M | 723.7M |
| Net Debt | 313.13M | 495.29M | 418.9M | 581.2M | 559M | 639.3M | 704.9M | 691.1M | 670.4M | 688.2M |
| Debt / Equity | 6.12x | 3.13x | 3.69x | 1.67x | 0.98x | - | - | - | - | -3.48x |
| Debt / EBITDA | 15.61x | 16.74x | - | 23.13x | - | 25.36x | 14.12x | 12.35x | 9.87x | 15.87x |
| Net Debt / EBITDA | 11.41x | 13.98x | - | 17.35x | - | 23.68x | 12.68x | 11.06x | 9.20x | 9.20x |
| Interest Coverage | -0.03x | -0.02x | -0.74x | 0.33x | -0.38x | -0.18x | 0.26x | 0.39x | 0.54x | 0.21x |
| Total Equity | 69.97M▲ 0% | 189.73M▲ 171.2% | 201.7M▲ 6.3% | 465.2M▲ 130.6% | 615.9M▲ 32.4% | -6.9M▼ 101.1% | -29.6M▼ 329.0% | -152.7M▼ 415.9% | -159.8M▼ 4.6% | -207.7M▲ 0% |
| Equity Growth % | -42.01% | 171.18% | 6.31% | 130.64% | 32.39% | -101.12% | -328.99% | -415.88% | -4.65% | -121.67% |
| Book Value per Share | 18.76 | 44.33 | 43.10 | 103.84 | 122.45 | -0.89 | -3.82 | -19.41 | -12.20 | -15.66 |
| Total Shareholders' Equity | 44.22M | 73.17M | 88.1M | 360.1M | 570.2M | -84.3M | -103.7M | -165.5M | -180.4M | -224.2M |
| Common Stock | 42K | 44K | 0 | 0 | 100K | 100K | 100K | 0 | 0 | 0 |
| Retained Earnings | -174.28M | -221.19M | -57.2M | -96.7M | -188.7M | -416.2M | -452.1M | -487.3M | -521.9M | -575.1M |
| Treasury Stock | -1.39M | -2.1M | -2.6M | -3.3M | -4.2M | -5.2M | -5.3M | -5.4M | -5.4M | -5.6M |
| Accumulated OCI | -21.65M | 41.69M | -112.6M | 168.7M | 396.9M | 6.4M | 5.9M | -1.1M | -3.2M | -2.4M |
| Minority Interest | 25.75M | 116.56M | 113.6M | 105.1M | 45.7M | 77.4M | 74.1M | 12.8M | 20.6M | 16.5M |
VATE Cash Flow Statement
INNOVATE Corp. (VATE) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 79.15M | 6.14M | 341.4M | 110.7M | 41.1M | 89.5M | -9.5M | 26.5M | 9.1M | 9.1M |
| Operating CF Margin % | 5.08% | 0.38% | 17.27% | 10.28% | 5.73% | 7.43% | -0.58% | 1.86% | 0.82% | - |
| Operating CF Growth % | 343.08% | -92.24% | 5458.45% | -67.57% | -62.87% | 117.76% | -110.61% | 378.95% | -65.66% | 267.65% |
| Net Income | -97.43M | -50.49M | 179.9M | -17.8M | -43.6M | -77.6M | -42M | -35.2M | -39.7M | -69.8M |
| Depreciation & Amortization | 28.86M | 36.57M | 38.7M | 31.5M | 26.8M | 37.6M | 42.2M | 36M | 32.9M | 30.9M |
| Stock-Based Compensation | 8.35M | 5.24M | 9M | 0 | 0 | 0 | 2.4M | 0 | 3.4M | 4.5M |
| Deferred Taxes | 27.14M | -10.45M | -2.6M | -27.2M | -4.7M | 2M | 1.1M | -5.3M | 500K | 200K |
| Other Non-Cash Items | 39.19M | 10.06M | -213.6M | 106.1M | 47.8M | 114.1M | 6.8M | 2.9M | -100K | 20.8M |
| Working Capital Changes | 73.04M | 15.21M | 330M | 18.1M | 14.8M | 13.4M | -20M | 28.1M | 12.1M | 104.2M |
| Change in Receivables | -55.91M | -47.07M | -30.2M | -6.6M | 56.8M | -57.4M | -52M | 20.8M | 104.1M | -41.4M |
| Change in Inventory | 2.22M | -37.35M | 226.9M | 0 | 0 | 0 | -1.9M | -3.5M | 1.9M | 3.2M |
| Change in Payables | 11.9M | 54.37M | 6.6M | -18M | 5.8M | 57.9M | 21.7M | -60.2M | -57.2M | 16.3M |
| Cash from Investing | -140.22M | -139.25M | -224.6M | -269.3M | 99.2M | -299.2M | -22.5M | 23.2M | -13.9M | -25M |
| Capital Expenditures | -29.05M | -31.93M | -39.7M | -24.7M | -17.8M | -24.1M | -20.7M | -18.4M | -19M | -25.8M |
| CapEx % of Revenue | 1.86% | 1.95% | 2.01% | 2.29% | 2.48% | 2% | 1.26% | 1.29% | 1.72% | - |
| Acquisitions | -66.35M | -68.42M | 662.3M | -10.7M | 125.7M | -54.8M | 0 | -14.3M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8.35M | 2.42M | 6.3M | -46M | -94.8M | -220.3M | -1.8M | 700K | 7.1M | 1.1M |
| Cash from Financing | 18.79M | 115.34M | 115.2M | 68.1M | -141.6M | 17.8M | 68.1M | -49.4M | -26.5M | -77M |
| Debt Issued (Net) | 33.8M | 135.3M | 153.6M | 138.8M | -186M | 29.5M | 74M | -39.9M | -58.2M | -74.7M |
| Equity Issued (Net) | 0 | 0 | -1000K | 600K | 1000K | 100K | 0 | -1000K | 1000K | 0 |
| Dividends Paid | -4.22M | -3.64M | -2M | 0 | 0 | 0 | -5.2M | -2.2M | -1.2M | -1.8M |
| Share Repurchases | 0 | 0 | -5.8M | -8.3M | 0 | -10.4M | 0 | -7M | 0 | 0 |
| Other Financing | -10.79M | -16.26M | -30.6M | -71.3M | -30.8M | -11.8M | -700K | -300K | -300K | -500K |
| Net Change in Cash | -43.25M▲ 0% | -17.49M▲ 59.6% | 231.5M▲ 1423.9% | -131.3M▼ 156.7% | -148.4M▼ 13.0% | 2.2M▲ 101.5% | 34.7M▲ 1477.3% | 1M▼ 97.1% | -33M▼ 3400.0% | -16.4M▲ 0% |
| Free Cash Flow | 50.1M▲ 0% | -25.78M▼ 151.5% | 301.7M▲ 1270.2% | 86M▼ 71.5% | 23.3M▼ 72.9% | 65.4M▲ 180.7% | -30.2M▼ 146.2% | 8.1M▲ 126.8% | -9.9M▼ 222.2% | 61.1M▲ 0% |
| FCF Margin % | 3.22% | -1.58% | 15.26% | 7.99% | 3.25% | 5.43% | -1.84% | 0.57% | -0.89% | 5.56% |
| FCF Growth % | 192.98% | -151.46% | 1270.15% | -71.49% | -72.91% | 180.69% | -146.18% | 126.82% | -222.22% | 384.92% |
| FCF per Share | 13.43 | -6.02 | 64.47 | 19.20 | 4.63 | 8.48 | -3.90 | 1.03 | -0.76 | -0.76 |
| FCF Conversion (FCF/Net Income) | -0.75x | -0.12x | 2.46x | -3.51x | -0.45x | -0.39x | 0.26x | -0.75x | -0.26x | -0.88x |
| Interest Paid | 39.2M | 47.6M | 69.9M | 0 | 0 | 32.6M | 42.5M | 0 | 48.6M | 24.2M |
| Taxes Paid | 20.9M | 19.2M | 13.1M | 0 | 0 | 5.4M | 5.9M | 0 | 3.5M | 1.8M |
VATE Key Ratios
INNOVATE Corp. (VATE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -110.59% | -38.28% | 71.02% | -9.45% | -17.02% | -74.71% | - | - | - | 36.75% |
| Return on Invested Capital (ROIC) | -0.3% | -0.16% | -6.41% | 2.28% | -1.91% | -0.88% | 1.54% | 3.28% | 5.72% | 5.72% |
| Gross Margin | 11.61% | 13% | 9.82% | 22.89% | 17.91% | 15.24% | 13.52% | 15.18% | 18.86% | 17.02% |
| Net Margin | -6.76% | -3.04% | 7.03% | -2.92% | -12.83% | -18.88% | -2.19% | -2.47% | -3.13% | -6.35% |
| Debt / Equity | 6.12x | 3.13x | 3.69x | 1.67x | 0.98x | - | - | - | - | -3.48x |
| Interest Coverage | -0.03x | -0.02x | -0.74x | 0.33x | -0.38x | -0.18x | 0.26x | 0.39x | 0.54x | 0.21x |
| FCF Conversion | -0.75x | -0.12x | 2.46x | -3.51x | -0.45x | -0.39x | 0.26x | -0.75x | -0.26x | -0.88x |
| Revenue Growth | 39.02% | 4.88% | 20.96% | -45.52% | -33.44% | 68.11% | 35.85% | -13.09% | -22.2% | -10.69% |
VATE SEC Filings & Documents
INNOVATE Corp. (VATE) SEC filings — annual & quarterly reports (10-K, 10-Q)
VATE Frequently Asked Questions
INNOVATE Corp. (VATE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
INNOVATE Corp. (VATE) reported $1.10B in revenue for fiscal year 2024. This represents a 536% increase from $173.0M in 1996.
INNOVATE Corp. (VATE) saw revenue decline by 22.2% over the past year.
INNOVATE Corp. (VATE) reported a net loss of $69.8M for fiscal year 2024.
Dividend & Returns
Yes, INNOVATE Corp. (VATE) pays a dividend with a yield of 0.74%. 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.
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