INNOVATE Corp. (VATE) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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VATE Revenue Growth
Revenue Breakdown (FY 2024)
VATE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
VATE Revenue Analysis (2013–2024)
As of May 8, 2026, INNOVATE Corp. (VATE) generated trailing twelve-month (TTM) revenue of $1.10 billion, reflecting explosive growth of +43.3% year-over-year. The most recent quarter (Q3 2025) recorded $347.1 million in revenue, up 43.4% sequentially.
Looking at the longer-term picture, VATE's 5-year compound annual growth rate (CAGR) stands at +0.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.98 billion in 2018.
Revenue diversification analysis shows VATE's business is primarily driven by Infrastructure Segment (97%), Spectrum Segment (2%), and Life Sciences Segment (1%). With over half of revenue concentrated in Infrastructure Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CODI (-8.2% YoY), BBUC, and NX (+28.4% YoY), VATE has outperformed the peer group in terms of revenue growth. Compare VATE vs CODI →
VATE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VATECurrent | $1.1B | +43.3% | +0.6% | 3.6% | |
 CODI | $1.9B | -8.2% | +5.3% | 2.3% | |
 BBUC | $8.2B | - | - | 0.8% | |
 NX | $1.8B | +28.4% | +16.6% | -10.6% | |
 KALU | $3.4B | +20.8% | +23.5% | 5.7% | |
 ZEUS | $1.9B | -5.6% | +4.2% | 2.5% |
VATE Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.11B | -22.2% | $208.8M | 18.9% | $40.0M | 3.6% |
| 2023 | $1.42B | -13.1% | $216.0M | 15.2% | $26.5M | 1.9% |
| 2022 | $1.64B | +35.9% | $221.4M | 13.5% | $13.4M | 0.8% |
| 2021 | $1.21B | +68.1% | $183.7M | 15.2% | $-10,600,000 | -0.9% |
| 2020 | $716.9M | -33.4% | $128.4M | 17.9% | $-28,300,000 | -3.9% |
| 2019 | $1.08B | -45.5% | $246.5M | 22.9% | $25.3M | 2.3% |
| 2018 | $1.98B | +21.0% | $194.2M | 9.8% | $-55,800,000 | -2.8% |
| 2017 | $1.63B | +4.9% | $212.4M | 13.0% | $-1,132,000 | -0.1% |
| 2016 | $1.56B | +39.0% | $180.9M | 11.6% | $-1,421,000 | -0.1% |
| 2015 | $1.12B | +106.3% | $135.9M | 12.1% | $2.2M | 0.2% |
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Start ComparisonVATE — Frequently Asked Questions
Quick answers to the most common questions about buying VATE stock.
Is VATE's revenue growth accelerating or slowing?
VATE revenue is accelerating at +43.3% year-over-year, exceeding the 5-year CAGR of +0.6%. TTM revenue reached $1.1B. Growth momentum has increased versus prior periods.
What is VATE's long-term revenue growth rate?
INNOVATE Corp.'s 5-year revenue CAGR of +0.6% reflects the sustained expansion pattern. Current YoY growth of +43.3% is above this long-term average.
How is VATE's revenue distributed by segment?
VATE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.