
NYSEIndustrialsEngineering & Construction
Latest quote
$7.44
−$0.02 · -0.27%
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.
Previous close
$7.44
−$0.02 · -0.27%
Regular session · ET · Market data may be delayed.
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.
Day range
Current $7.44
52-week range
Current $7.44
Regular session · ET · Market data may be delayed.
AI-powered factor overview
GoAI Score
Hold
Wait — insufficient conviction to act
Valuation
80
Undervalued
Sentiment
55
Mixed
Risk
83
Extreme Risk
Momentum
51
Neutral
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
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.
Day range
Current $7.44
52-week range
Current $7.44
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 1.25B USD | 1.11B USD | 1.42B USD | 1.64B USD | 1.21B USD |
| Cost of goods sold | 1.06B USD | 898.3M USD | 1.21B USD | 1.42B USD | 1.02B USD |
| Gross profit | 182.2M USD | 208.8M USD | 216M USD | 221.4M USD | 183.7M USD |
| Selling, general, and administrative | 148M USD | — | — | — | — |
| Operating expenses | 148M USD | 168.8M USD | 189.5M USD | 208M USD | 194.3M USD |
| Interest income | 700K USD | 2.6M USD | — | — | — |
| Interest expense | 89M USD | 74.5M USD | 68.2M USD | 52M USD | 59.1M USD |
| Depreciation and amortization | 30.4M USD | 32.9M USD | 36M USD | 42.2M USD | 37.6M USD |
| Operating income | 34.2M USD | 40M USD | 26.5M USD | 13.4M USD | −10.6M USD |
| Net income | −60.6M USD | −34.6M USD | −35.2M USD | −35.9M USD | −227.5M USD |
Company facts updated Sep 6, 2026.
Recent quarterly results
Recent quarterly results
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Apr 13, 2026 | $0.78Special | Apr 13, 2026 | Apr 28, 2026 |
Dividend | Aug 28, 2013 | $8.50Irregular | Aug 20, 2013 | — |
Dividend | Dec 19, 2012 | $0.05Monthly | Dec 21, 2012 | Dec 28, 2012 |
Dividend | Nov 23, 2012 | $2.50Semi-Annual | Nov 27, 2012 | Dec 11, 2012 |
Dividend | Jun 28, 2012 | $1.00Irregular | Jul 2, 2012 | Jul 16, 2012 |
Ex-dividend Apr 13, 2026
$0.78
Special
Record Apr 13, 2026 · Payment Apr 28, 2026
Ex-dividend Aug 28, 2013
$8.50
Irregular
Record Aug 20, 2013
Ex-dividend Dec 19, 2012
$0.05
Monthly
Record Dec 21, 2012 · Payment Dec 28, 2012
Ex-dividend Nov 23, 2012
$2.50
Semi-Annual
Record Nov 27, 2012 · Payment Dec 11, 2012
Ex-dividend Jun 28, 2012
$1.00
Irregular
Record Jul 2, 2012 · Payment Jul 16, 2012
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI1.38M0.00%2.3T USD0.03%$379.73-0.32%
iShares Russell 2000 ETFIWM877.71K0.00%79.88B USD0.19%$296.01+0.28%
Vanguard Extended Market ETFVXF468.77K0.00%93.7B USD0.05%$242.66+0.14%
iShares Russell 2000 Growth ETFIWO334.94K0.00%14.58B USD0.24%$377.54+0.12%
Vanguard Russell 2000 ETFVTWO253.56K0.00%17.4B USD0.06%$119.62+0.25%
iShares Micro-Cap ETFIWC133.81K0.01%1.47B USD0.60%$196.25+0.69%
Vanguard Russell 2000 Growth ETFVTWG43.79K0.00%1.7B USD0.06%$275.67+0.20%
Global X - Russell 2000 ETFRSSL19.65K—1.5B USD0.08%$115.9+0.28%
Vanguard Morningstar Total Stock Market ETFVTI
iShares Russell 2000 ETFIWM
Vanguard Extended Market ETFVXF
iShares Russell 2000 Growth ETFIWO
Vanguard Russell 2000 ETFVTWO
iShares Micro-Cap ETFIWC
Vanguard Russell 2000 Growth ETFVTWG
Global X - Russell 2000 ETFRSSLAI-generated and delayed market data for informational and educational purposes only. Not investment advice.