VATENYSEFabricated Structural Metal ProductsFiscal year ends December 31
INNOVATE Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$5.95−0.05 (-0.83%)
Close on Oct 19, 2026
- Market cap
- $83.11M
- P/E (TTM)
- –
- Dividend yield
- –
Innovate statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Fabricated Structural Metal Products companies for comparison
Valuation
| Measure | Innovate | Industry median |
|---|---|---|
| Market Cap | $81.17M | $733.40M |
| Enterprise Value | $623.97M | $644.03M |
| PS Ratio | 0.05 | 1.64 |
| P/FCF Ratio | 0.58 | 18.78 |
| P/OCF Ratio | 0.57 | 14.03 |
Enterprise value
| Measure | Innovate | Industry median |
|---|---|---|
| EV / Sales | 0.41 | 1.78 |
| EV / EBITDA | 7.11 | 12.29 |
| EV / EBIT | 9.61 | 17.55 |
| EV / FCF | 4.43 | 19.27 |
Income (trailing twelve months)
| Measure | Innovate | Industry median |
|---|---|---|
| Revenue | $1.52B | $856.67M |
| Gross Profit | $241.60M | $254.60M |
| Operating Income | $64.90M | $36.60M |
| Pretax Income | -$14.70M | $52.01M |
| Net Income | -$22.40M | $31.14M |
| EBITDA | $87.70M | $69.52M |
| EPS (Diluted) | -$1.87 | $1.83 |
Margins
| Measure | Innovate | Industry median |
|---|---|---|
| Gross Margin | 15.9% | 28.4% |
| Operating Margin | 4.28% | 6.60% |
| Pretax Margin | -0.97% | 5.84% |
| Profit Margin | -1.48% | 4.38% |
| EBITDA Margin | 5.78% | 11.7% |
| FCF Margin | 9.28% | 5.13% |
Returns
| Measure | Innovate | Industry median |
|---|---|---|
| Return on Assets (ROA) | -2.36% | 3.40% |
| Return on Invested Capital (ROIC) | 15.3% | 7.34% |
Growth
| Measure | Innovate | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 52.4% | 8.43% |
| FCF Growth (YoY) | 302.0% | 5.01% |
| Revenue Growth (3Y CAGR) | -8.70% | 0.40% |
| Revenue Growth (5Y CAGR) | 11.7% | 6.17% |
Balance sheet
| Measure | Innovate | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $87.80M | $68.00M |
| Total Debt | $616.00M | $506.74M |
| Net Cash (Debt) | -$528.20M | $1.80M |
| Net Cash Per Share | -$38.72 | $0.08 |
| Equity (Book Value) | -$243.20M | $315.80M |
| Book Value Per Share | -$17.83 | $10.28 |
| Tangible Book Value | -$392.90M | $79.29M |
| Working Capital | -$604.10M | $211.19M |
Financial position
| Measure | Innovate | Industry median |
|---|---|---|
| Current Ratio | 0.44 | 2.51 |
| Quick Ratio | 0.34 | 1.04 |
| Debt / EBITDA | 7.02 | 2.23 |
| Debt / FCF | 4.38 | 3.29 |
| Net Debt / EBITDA | 6.02 | 1.64 |
| Interest Coverage | 0.65 | 3.13 |
Cash flow (trailing twelve months)
| Measure | Innovate | Industry median |
|---|---|---|
| Operating Cash Flow | $141.20M | $73.99M |
| Capital Expenditures | -$500.00K | -$23.44M |
| Free Cash Flow | $140.70M | $47.35M |
| FCF Per Share | $10.31 | $1.64 |
Efficiency
| Measure | Innovate | Industry median |
|---|---|---|
| Asset Turnover | 1.60 | 0.85 |
| Inventory Turnover | 71.81 | 3.59 |
| Revenue Per Employee | $422.69K | $422.68K |
| Profits Per Employee | -$6.24K | $30.24K |
| Employee Count | 3,587 | 2,200 |
Dividends and yields
| Measure | Innovate | Industry median |
|---|---|---|
| Earnings Yield | -27.6% | 3.22% |
| FCF Yield | 173.3% | 4.22% |
| FCF Payout Ratio | 1.28% | 20.7% |
Shares
| Measure | Innovate | Industry median |
|---|---|---|
| Shares Outstanding | 13,641,900 | 38,429,300 |
| Shares Change (YoY) | 3.24% | 0.00% |
| Shares Change (QoQ) | 0.00% | 0.07% |
| Float | 5,469,640 | 28,559,550 |
| Shares Held by Insiders | 59.9% | 8.39% |
| Shares Held by Institutions | 23.0% | 83.7% |
Taxes
| Measure | Innovate | Industry median |
|---|---|---|
| Income Tax | $7.20M | $10.21M |
Scores
| Measure | Innovate | Industry median |
|---|---|---|
| Altman Z-Score | 0.22 | 4.08 |
| Piotroski F-Score | 4 | 6 |
| Beneish M-Score | -3.23 | -2.60 |
Calculated by StockData from Innovate's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.