INNOVATE CORP
VATENYSETrading Snapshot
- Day Range
- $321.99 β $327.94
- 52-Week Range
- $3.75 β $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
- βHigh-growth profile β revenue up +20.8% YoY with expanding US Equity exposure.
- βHealthy economics β 27% gross margin and 9% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
INNOVATE CORP
VATEAbout 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.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Ratings
βLatest News & Updates
INNOVATE CORP tops quarterly estimates as demand accelerates
Revenue grew double digits with management guiding above consensus; margins continued to expand.
Analysts lift VATE price targets on improving margins
Several firms raised targets, citing stronger free cash flow and a healthier backlog.
INNOVATE CORP announces new agreement to expand its footprint
The move broadens the companyβs reach and could add incremental revenue over the next year.