
INNOVATE Corp.
VATENYSEIndustrialsEngineering & Construction
Previous close
$7.86
−$0.15 · -1.87%
VATE company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
80
Undervalued
Momentum
51
Neutral
Sentiment
55
Mixed
Risk resilience
17
Extreme Risk
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Company profile
Company websiteINNOVATE 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.
- Industry
- Engineering & Construction
- Sector
- Industrials
- Headquarters
- US
- CEO
- Paul Kenneth Voigt
- Listed since
- Jul 13, 2009
- Employees
- 3,663
Market position
Day range
Current $7.86
52-week range
Current $7.86
- Open
- $7.87
- Previous close
- $8.01
- Volume
- 116.66K
- 0.41× average
- Average volume
- 283.07K
- Average daily volume
- Market cap
- 107.23M USD
- Beta
- 2.37
- Market reference 1
- 50-day average
- $11.528
- -31.82% below average
- 200-day average
- $8.4635
- -7.13% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 665.14M USD
- P/E (TTM)
- -4.27×
- P/B (TTM)
- -0.45×
- P/S (TTM)
- 0.07×
- EV / EBITDA
- 11.49×
- Earnings yield
- -101.43%
- Free cash flow yield
- 201.70%
- Dividend yield
- 9.92%
Profitability & efficiency
- Gross margin
- 15.08%
- Operating margin
- 4.48%
- Net margin
- -1.48%
- Return on equity
- 26.26%
- Return on assets
- -6.38%
- Return on invested capital
- 6.70%
Financial health
- Debt / equity
- -2.92×
- Current ratio
- 0.44×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
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 Aug 24, 2026.
Earnings
- EPS beat rate
- 100%
- 7 beats, 0 misses, 0 met estimates
- Average EPS surprise
- +48.14%
- 7 comparable reports
- Latest EPS result
- 0.71
- Estimate -2.18 · Beat by 132.51%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Corporate action history
| 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
VATE peers
ETFs holding VATE
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI1.38M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM977.99K0.00%81.62B USD0.19%$299.96+0.77%
Vanguard Extended Market ETFVXF468.77K0.00%93.7B USD0.05%$245.53+0.82%
iShares Russell 2000 Growth ETFIWO375.54K0.00%15.16B USD0.24%$387.37+1.24%
Vanguard Russell 2000 ETFVTWO253.56K0.00%17.4B USD0.06%$121.25+0.74%
iShares Micro-Cap ETFIWC152.03K0.01%1.53B USD0.60%$198.39+1.10%
Vanguard Russell 2000 Growth ETFVTWG43.79K0.00%1.7B USD0.06%$282.73+1.21%
Global X - Russell 2000 ETFRSSL20.76K—1.53B USD0.08%$117.49+0.86%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 1.38M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 977.99K
- Weight
- 0.00%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Extended Market ETFVXF- Market value
- 468.77K
- Weight
- 0.00%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
iShares Russell 2000 Growth ETFIWO- Market value
- 375.54K
- Weight
- 0.00%
- AUM
- 15.16B USD
- Expense ratio
- 0.24%
- Price / 1D
- $387.37+1.24%
Vanguard Russell 2000 ETFVTWO- Market value
- 253.56K
- Weight
- 0.00%
- AUM
- 17.4B USD
- Expense ratio
- 0.06%
- Price / 1D
- $121.25+0.74%
iShares Micro-Cap ETFIWC- Market value
- 152.03K
- Weight
- 0.01%
- AUM
- 1.53B USD
- Expense ratio
- 0.60%
- Price / 1D
- $198.39+1.10%
Vanguard Russell 2000 Growth ETFVTWG- Market value
- 43.79K
- Weight
- 0.00%
- AUM
- 1.7B USD
- Expense ratio
- 0.06%
- Price / 1D
- $282.73+1.21%
Global X - Russell 2000 ETFRSSL- Market value
- 20.76K
- Weight
- —
- AUM
- 1.53B USD
- Expense ratio
- 0.08%
- Price / 1D
- $117.49+0.86%
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