INNOVATE Corp. VATE

7.77 0.25 3.32% as of 25 Sep
Market cap
$102.6M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 63.29%

Capital & Financial Ratios

Market Cap 102.59
Revenue 1,516.20
Net Income (21.90)
Free Cash Flow 106.30
Net Debt 528.20
Current Ratio 0.44
Debt/Equity (2.81)
P/E ratio 0.00
P/S ratio 0.07
P/B ratio 0.00
Past 5Y EPS Growth 13.65%
This Y EPS Growth 8.60%
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 81 49 112 88
Receivables 278 194 241 284
Inventory 22 21 16 15
Other 136 127 82 92
518 391 452 479
2023 2024 2025 Q'26
Payables 143 85 141 137
ST’ Debt 31 162 581 554
Other 170 126 189 314
414 483 1,034 1,083
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 1.06% 11.69% (8.70%)
Cash Flow 0.00% 28.96% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 365 422 — — —
’25 274 242 347 383 1,246
’24 315 313 242 237 1,107
’23 318 369 375 361 1,423
’22 413 392 423 409 1,637
’21 172 244 395 395 1,205
’20 187 182 171 252 717
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 46 (25) — — —
’25 (14) 40 19 101 147
’24 (25) 22 (28) 41 9
’23 (77) 16 26 61 27
’22 (63) 21 (29) 63 (9)
’21 (2) 2 (14) 42 27
’20 35 13 30 (36) 41
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 36 (35) — — —
’25 (18) 34 12 94 122
’24 (28) 25 (31) 34 0
’23 (80) 12 22 57 10
’22 (66) 15 (35) 58 (28)
’21 (6) (2) (10) 33 16
’20 31 8 25 1 65
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (1.29) 0.71 — — —
’25 (1.89) (1.67) (0.71) (0.58) (4.84)
’24 (2.20) 1.00 (1.18) (1.29) (3.08)
’23 (1.30) (1.30) (0.90) (1.20) (4.80)
’22 (1.80) (1.80) (0.90) (0.90) (5.30)
’21 1.50 (3.10) (27.50) (0.70) (29.80)
’20 (18.20) 2.60 (3.80) (1.10) (18.80)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
32.50 43.00 23.10 19.00 12.90 29.90 6.40 9.70 3.25 4.05

Analyst estimates 2026–2028

Powerpack
Low Price
60.70 72.70 77.90 37.60 43.30 48.30 42.40 35.30 12.40 13.79
High Price
2,744 3,358 4,119 3,728 2,803 3,902 3,565 4,024 3,161 3,738
Employees
1 0 0 0 0 0 0 0 0 0
Revenue/Emp
1,558 1,634 1,977 1,077 717 1,205 1,637 1,423 1,107 1,246
Revenue
19.52% 19.64% 19.81% 44.66% 17.91% 15.24% 13.52% 15.18% 18.86% 16.03%
Gross Margin
(46) (40) 182 (42) (47) (81) (41) (34) (33) (61)
EBT
(2.94%) (2.44%) 9.22% (3.88%) (6.51%) (6.70%) (2.51%) (2.42%) (3.02%) (4.94%)
EBT Margin
(97) (50) 180 (36) (102) (236) (42) (39) (40) (64)
Net Income
44 51 52 29 42 48 46 43 41 54
Depreciation
417.72 381.80 446.21 240.40 142.52 156.32 211.26 182.09 103.51 94.27
Revenue/Sh
(28.30) (11.60) 31.40 (6.60) (18.80) (29.80) (5.30) (4.80) (3.08) (4.84)
Earnings/Sh
21.21 1.54 77.07 24.71 8.17 3.50 (1.23) 3.39 0.85 11.09
Cash Flow/Sh
(5.42) (6.99) (7.63) (5.22) 4.65 (1.41) (2.41) (2.15) (0.83) (1.87)
Capex/Sh
15.79 (5.44) 69.44 19.49 12.82 2.09 (3.64) 1.24 0.02 9.22
Free CF/Sh
25.98 50.09 48.31 101.32 121.39 (4.85) (9.42) (17.31) (13.39) (16.41)
Book Value/Sh
4 4 4 4 5 8 8 8 11 13
Shares
0.00 0.00 0.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
0.15 0.16 0.06 0.06 0.25 0.24 0.10 0.06 0.05 0.05
PS Ratio
3.52 1.38 0.60 0.22 0.33 0.00 0.00 0.00 0.00 0.00
PB Ratio
0.36 0.47 0.28 0.55 0.91 0.72 0.49 0.51 0.60 0.44
EV/Sales
9.58 (32.95) 1.79 10.16 11.10 53.67 (28.39) 74.11 3,334.19 4.52
EV/FCF
79 7 341 111 41 27 (9) 27 9 147
Op' Cash Flow
(20) (30) (34) (23) 23 (11) (19) (17) (9) (25)
Capex
59 (23) 308 87 65 16 (28) 10 0 122
FCF
132 73 359 787 294 3 119 104 (92) (583)
Working Cap'
428 748 914 724 562 626 714 710 663 662
Total Debt
313 650 589 530 516 579 634 629 614 550
Net Debt
97 214 214 454 611 (37) (73) (135) (143) (217)
Sh' Equity
(3.78%) (1.64%) 3.20% (0.47%) (1.40%) (5.89%) (3.66%) (3.43%) (3.70%) (6.95%)
ROA
(0.23%) (0.08%) (4.34%) 1.61% (1.57%) (1.22%) 1.49% 3.35% 5.31% 5.39%
ROIC
(113.97%) (38.90%) 81.51% (9.89%) (18.32%) (84.45%) 55.59% 31.04% 23.02% 33.20%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

INNOVATE Corp. (VATE) key facts

  • INNOVATE Corp. (VATE) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • INNOVATE Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 12.5% from fiscal 2024.
  • As of September 25, 2026, VATE traded at $7.77, a market capitalization of $102.6 million.
  • Return on equity was 33.2% and debt-to-equity -2.81.

Source: company filings (standardised) and stockrow calculations.

INNOVATE Corp. (VATE) Latest News

News by impact score

Fine-tune

2 Sep

4

INNOVATE Corp. closed the sale of a controlling interest in its broadcasting segment to CONX. Divestiture of controlling stake in broadcasting segment constitutes major strategic shift with substantial effects on operations and valuation.

28 Aug

3

INNOVATE Corp. (VATE) is betting its future on debt reduction while IES Holdings (IESC) may achieve substantial gains. VATE's debt reduction strategy represents a key financial move with moderate potential to influence its trajectory amid competition from IESC.

18 Aug

3

INNOVATE Corp. posted higher Q2 earnings year over year, propelled by a sharp rise in infrastructure revenues. Stronger quarterly earnings and infrastructure revenue growth improve near-term financial results and sentiment but do not signal major strategic shifts.

3

INNOVATE Corp.'s MediBeacon Transdermal GFR System nominated for 2026 Prix Galien USA Best Medical Technology. Nomination raises visibility for key medical technology asset but remains non-binding award recognition without confirmed revenue impact.

9 Aug

3 transcript

INNOVATE Corp. (VATE) released Q2 earnings call highlights covering financial results and operational updates. Q2 earnings updates offer financial and operational details that can moderately shift short-term market views without major strategic shifts.

7 Aug

4

INNOVATE Corp. reported record infrastructure performance during its Q2 2026 earnings call. Record infrastructure performance indicates strong results that can significantly lift future outlook and market valuation.

6 Aug

4 transcript

Innovate Corp (VATE) reported its Q2 2025 earnings, highlighting strategic initiatives to navigate current challenges. The company emphasized its focus on innovation and operational efficiency to enhance market positioning. Despite facing headwinds, management expressed confidence in future growth and outlined plans for product development and market expansion. Financial results showed resilience, with key metrics reflecting a stable performance amid industry fluctuations. Strategic initiatives and product development plans are expected to significantly influence the company's future trajectory and market performance.

3

INNOVATE Corp. (VATE) reported its financial results for the second quarter of 2026. Quarterly earnings data can shift near-term investor views and valuation but rarely transform long-term company trajectory on its own.

1 Jun

4

INNOVATE Corp. closed its broadcasting refinancing and agreed to a partial sale of its broadcasting assets. Refinancing closure plus partial asset sale materially shifts debt levels and capital structure.

27 May

3

INNOVATE Corp. narrowed its Q1 loss year-over-year driven by demand in infrastructure and AI projects. Narrowed Q1 loss signals improved financials from infrastructure and AI demand.

15 May

4

INNOVATE Corp. (VATE) Q1 2026 earnings call highlights revenue surge and strategic advances. Revenue surge and strategic advances represent major positive developments likely to boost financial performance and investor sentiment.

3

INNOVATE Corp. (VATE) Q1 earnings call highlights key financial results, operational updates, and strategic outlook for the company. Q1 earnings highlights moderately influence financial performance and investor sentiment without fundamentally altering long-term trajectory.

3 transcript

INNOVATE Corp. (VATE) held its Q1 2026 earnings call, covering financial results, operational updates, and forward guidance. Quarterly earnings call delivers financial updates that can shift near-term investor sentiment without altering long-term strategy.

14 May

4

INNOVATE Corp. (VATE) announced first quarter 2026 results. Quarterly earnings announcements typically drive significant stock price movements and shape future market performance expectations.

31 Mar

4

INNOVATE Corp. (VATE) announces MediBeacon® Transdermal GFR Monitor and Reusable Sensor received CE Mark approval under the European Medical Device Regulation, enabling market access across the EU. CE Mark under stringent EU MDR unlocks European sales for advanced kidney monitoring tech, poised to significantly enhance revenue and competitive positioning.

26 Mar

4

INNOVATE Corp. (VATE) Q4 earnings call highlighted revenue growth, improved EBITDA, strategic divestitures of non-core assets, and optimistic 2024 guidance amid operational efficiencies. Q4 results and forward guidance signal major strategic shifts including divestitures that reshape portfolio and boost financial trajectory.

4

INNOVATE Corp. (VATE) announced fourth quarter and full-year 2025 financial results. Quarterly and annual earnings announcements significantly affect financial performance, investor sentiment, and stock trajectory.

10 Feb

4

INNOVATE Corp. (VATE) has received recognition for its transdermal GFR article, which has been selected as one of five Editors’ Choice Articles for 2025 by the Journal of the American Society of Nephrology (JASN). This acknowledgment highlights the significance of the company's research in the field of nephrology and its potential impact on patient care. Recognition by a prestigious journal can enhance the company's credibility and influence future research and product development.

2 Feb

3

DBM Global, a portfolio company of INNOVATE Corp. (VATE), has announced a cash dividend payment to its shareholders. This decision reflects the company's financial health and commitment to returning value to investors. The dividend payment is expected to enhance investor confidence in both DBM Global and its parent company, INNOVATE Corp. The cash dividend indicates financial stability and may positively influence investor sentiment, but its overall impact on INNOVATE Corp.'s trajectory is expected to be limited.

30 Jan

3

DBM Global has announced a cash dividend payment, signaling a positive financial position and commitment to returning value to shareholders. This decision reflects the company's ongoing efforts to enhance shareholder returns and indicates confidence in its future performance. The dividend payment suggests a moderately noticeable influence on investor sentiment and financial performance.

16 Dec

4

MediBeacon's Next Generation TGFR System has received FDA approval, marking a significant advancement in the company's product offerings. This system is designed to enhance the monitoring of drug delivery and improve patient outcomes. The approval is expected to facilitate broader market access and potentially increase revenue streams for INNOVATE Corp. FDA approval of a new system is likely to significantly impact market dynamics and investor sentiment.

9 Dec

3

INNOVATE Corp. (NYSE: VATE) shareholders have experienced significant losses over the past five years, with the stock price declining substantially during this period. Investors who bought shares five years ago are now facing a negative return, raising concerns about the company's long-term performance and market position. The article highlights the challenges faced by INNOVATE and the implications for current and potential investors. The decline in stock price indicates potential challenges in financial performance and market sentiment.

13 Nov

4

Innovate Corp (VATE) reported a significant revenue surge in Q3 2025, driven by strategic shifts in its operations. The company highlighted key initiatives aimed at enhancing product offerings and market reach, which contributed to improved financial performance. Management expressed optimism about future growth prospects, emphasizing the importance of innovation and adaptability in a competitive landscape. Strategic shifts and revenue growth indicate a significant impact on future performance and investor sentiment.

12 Nov

4

INNOVATE Corp. reported its third quarter 2025 results, highlighting a revenue increase of 15% year-over-year, driven by strong demand for its innovative products. The company also announced a strategic partnership aimed at enhancing its market presence and expanding its product offerings. Despite challenges in the supply chain, INNOVATE maintained its profit margins and provided an optimistic outlook for the upcoming quarters, projecting continued growth and investment in research and development. The announcement of a strategic partnership and significant revenue growth indicates a likely significant impact on future performance and market positioning.

22 Oct

3

INNOVATE Corp. (VATE) has announced that it will report its third quarter 2025 financial results on November 12th. The company is expected to provide insights into its performance and strategic direction during this earnings release. The upcoming earnings report may influence investor sentiment and provide insights into the company's financial health.

21 Oct

4

MediBeacon has received regulatory approval to sell its Transdermal GFR System in China, marking a significant milestone for the company as it expands its market presence in the region. This system is designed to provide non-invasive kidney function monitoring, potentially enhancing patient care and treatment outcomes. Regulatory approval in a major market like China can significantly enhance revenue potential and market positioning for MediBeacon.

16 Oct

3

DBM Global, a portfolio company of INNOVATE Corp. (VATE), has announced a cash dividend payment. This decision reflects the company's financial health and commitment to returning value to its shareholders. The dividend is expected to enhance investor confidence in both DBM Global and its parent company, INNOVATE Corp. The cash dividend indicates financial stability and may positively influence investor sentiment, but its overall impact on INNOVATE's trajectory is expected to be limited.

3

DBM Global has announced a cash dividend payment, signaling a positive financial position and commitment to returning value to shareholders. This decision reflects the company's ongoing efforts to enhance shareholder returns and indicates confidence in its future performance. The dividend payment is expected to attract investor interest and may influence market sentiment positively towards DBM Global. The dividend payment may enhance investor sentiment and influence financial performance, but its overall impact on INNOVATE Corp.'s trajectory is expected to be limited.

9 Sep

4

INNOVATE Corp.'s portfolio company, R2, is experiencing rapid growth and expanding its global presence with its Glacial® Skin product, which is setting new standards in aesthetic innovation. R2's explosive growth and innovative product offerings are likely to significantly enhance INNOVATE Corp.'s market position and investor sentiment.

23 Aug

3

An insider at INNOVATE Corp. (VATE) has increased their holdings by 25% over the past year, indicating strong confidence in the company's future performance. This move suggests a positive outlook on the company's growth and potential market position. Insider buying typically signals confidence in the company's prospects, which may influence market sentiment and performance.

stockrow.com/VATE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com