VATE logo

INNOVATE CORP

VATENYSE
πŸ† #4070 by market capUS Equity
$7.53β–² $0.13 (+1.76%)
Market closed Β· at close
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24hβ–² 1.8%
7dβ–Ό 2.3%
14dβ–² 0.2%
30dβ–² 0.5%
ytdβ–² 66.8%
1yβ–² 61.6%
🏦Market Cap
$103M
Small Cap
πŸ“ˆRevenue Growth (YoY)
+52.4%
High Growth
πŸ“ŠGross Margin
15.9%
Thin
πŸ’΅FCF Margin
11.6%
Healthy
βš–οΈP/S Ratio
0.1x
Cheap
Otter Score
72
Fair

Trading Snapshot

Day Range
$7.46 – $7.59
52-Week Range
$3.75 – $21.30
Volume
$1.65B
Avg Volume
$2.01B
Shares Outstanding
13.6M
Next Earnings
Dec 13, 2026

Fundamentals Snapshot

Annual Revenue
$1.25B
Last Q Revenue
$422M
P/E Ratio
β€”
P/S Ratio
0.1x
EPS (TTM)
$-1.72
Dividend Yield
1.79%
Dilution (1yr)
+2.0%

Why Investors Own VATE

  • βœ“High-growth profile β€” revenue up +20.8% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 27% gross margin and 9% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

VATE logo

INNOVATE CORP

VATE
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$1.2Bβ–² +12.5% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
14.6%β–Ό βˆ’22.5% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$34Mβ–Ό βˆ’14.5% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$121Mβ–Ό βˆ’1317.2% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
13.3Mβ–² +2.0% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$605Mβ–² +$65M YoY
StockOtter Β· stockotter.space

About INNOVATE CORP

INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Fair
72/100

Analyst Price Target

β“˜
Average Target
$9.20
β–² +22.2% Upside
High Target$11.28
Low Target$8.22
Based on 37 analysts

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