Industrials
INNOVATE Corp.(VATE)
Live Price
Offline$16.72
-3.35% today
1Y Change
+211.26%
Window
Jun 20, 2025 โ Jun 15, 2026
- Market Cap
- $160.00M
- Revenue Growth
- +12.5%
- EPS Growth
- -77.3%
- Dividend Yield
- 6.6%
Coverage: 247 bars ยท Jun 20, 2025 โ Jun 15, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
INNOVATE Corp. (VATE) is a Industrials stock with a market cap of $160.00M and listed on NYSE. The stock last traded around $16.72 and up 211.3% across the available one-year price window (Jun 20, 2025 โ Jun 15, 2026). Baseline metrics include revenue growth of +12.5%, EPS growth of -77.3%, a dividend yield of 6.6%. What stands out right now is revenue +12.5%, EPS -77.3%, free cash flow +1317.2% with operating margin 2.7% and ROIC 6.7%. The dividend matters to the case here, with a current yield around 6.6%. Valuation is more restrained than many high-expectation growth names at price/sales 0.1. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines VATE price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Industrials peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+12.5% vs +8.2% peer median
Operating Margin
Below sector median
+2.7% vs +20.4% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report landed above expectations
2026 was reported on May 14, 2026 with an EPS surprise of +40.9% and a revenue surprise of +44.9%.
The operating picture looks softer than before
Revenue is at +12.5% and EPS is at -77.3%, with operating margin around 2.7%.
The next real check-in already has a date
The next earnings event is scheduled for Aug 5, 2026, which is the clearest near-term catalyst for confirming whether the current trend is holding up.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +32.2% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 14, 2026 | +40.9% | -8.7% | +12.3% | +43.2% |
2026 Mar 26, 2026 | +41.6% | +13.9% | +92.8% | +222.6% |
2025 Nov 12, 2025 | โ | +2.4% | -8.4% | -17.6% |
Benchmark Comparison
Normalized Performance vs SPY
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
VATE
โ
Normalized return
SPY
โ
S&P 500
Excess Return
โ
Relative to SPY
VATE Max Drawdown
-33.11%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for VATE and SPY.
Company Overview
INNOVATE Corp.
New York Stock Exchange
INNOVATE 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.
- Leadership
- Paul Kenneth Voigt
- IPO Date
- Jul 13, 2009
- Employees
- 3.1k
- Street Address
- 295 Madison Avenue
- Mailing
- New York City, NY, 10017
- Region
- New York City, NY, US
- Reporting Currency
- USD
- Investor Line
- 212 235 2690
- Last Updated
- May 5, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- โ
- EV/EBITDA
- 13.9
- Price/Sales
- 0.1
- Price/Book
- โ
Growth
- Revenue
- +12.5%
- EPS
- -77.3%
- Free Cash Flow
- +1317.2%
Profitability
- Gross Margin
- 14.6%
- Operating Margin
- 2.7%
- Net Margin
- -4.9%
- ROE
- 27.4%
- ROIC
- 6.7%
Balance Sheet
- Debt/Equity
- โ
- Current Ratio
- 0.44
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.