INNOVATE Corp. (VATE) Earnings History
Annual and quarterly earnings data from 1996 to 2024
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VATE EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VATE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 18.9% | 3.6% | -3.1% |
| 2023 | 15.2% | 1.9% | -2.5% |
| 2022 | 13.5% | 0.8% | -2.2% |
| 2021 | 15.2% | -0.9% | -18.9% |
| 2020 | 17.9% | -3.9% | -12.8% |
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INNOVATE Corp. (VATE) Earnings Overview
As of May 8, 2026, INNOVATE Corp. (VATE) reported trailing twelve-month net income of -$70M, reflecting +42.9% year-over-year growth. The company earned $-5.26 per diluted share over the past four quarters, with a net profit margin of -3.1%.
Looking at the long-term picture, VATE's historical earnings data spans multiple years. The company achieved its highest annual net income of $478M in fiscal 2009.
INNOVATE Corp. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including CODI (-$227M net income, -12.2% margin), BBUC (-$1.04B net income, -10.8% margin), NX (-$240M net income, -13.6% margin), VATE has outperformed on profitability metrics. Compare VATE vs CODI →
VATE Earnings vs Peers
Earnings metrics vs comparable public companies
VATE Historical Earnings Data (1996–2024)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$35M | +1.7% | $40M | $-2.73 | -3.1% | 3.6% |
| 2023 | -$35M | +1.9% | $27M | $-4.78 | -2.5% | 1.9% |
| 2022 | -$36M | +84.2% | $13M | $-5.26 | -2.2% | 0.8% |
| 2021 | -$228M | -147.3% | -$11M | $-10.35 | -18.9% | -0.9% |
| 2020 | -$92M | -192.1% | -$28M | $-9.22 | -12.8% | -3.9% |
| 2019 | -$32M | -122.7% | $25M | $-3.93 | -2.9% | 2.3% |
| 2018 | $139M | +379.7% | -$56M | $29.70 | 7.0% | -2.8% |
| 2017 | -$50M | +52.8% | -$1M | $-11.61 | -3.0% | -0.1% |
| 2016 | -$105M | -164.6% | -$1M | $-28.26 | -6.8% | -0.1% |
| 2015 | -$40M | -144.4% | $2M | $-15.04 | -3.6% | 0.2% |
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Start ComparisonVATE — Frequently Asked Questions
Quick answers to the most common questions about buying VATE stock.
Is VATE growing earnings?
VATE EPS is $-5.26, with earnings growth accelerating to +42.9%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-70M.
What are VATE's profit margins?
INNOVATE Corp. net margin is -3.1%, with operating margin at +3.6%. Below-average margins reflect competitive or cost pressures.
How consistent are VATE's earnings?
VATE earnings data spans 1996-2024. The accelerating earnings trend is +42.9% YoY. Historical data enables comparison across business cycles.