INNOVATE Corp. (VATE) stock
Close on Nov 11, 2026Market cap $71.89MP/E –Yield –
INNOVATE Corp. grew revenue 52.4% to $1.52B over the twelve months to Jun 30, 2026. Operating income rose 288.6% to $64.90M, moving the operating margin from 1.7% to 4.3%. Free cash flow was $140.70M, up 302.0% from a year earlier. At the latest close the market valued the company at $71.89M.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026
Valuation
- Market cap
- $71.89M
- P/E ratio
- –
- Price to sales
- 0.05
- Price to book
- –
- Dividend yield
- –
- Free cash flow yield
- 195.71%
Fundamentals
- Revenue
- $1.52B
- Net income
- -$22.40M
- EPS, diluted
- -$1.87
- Free cash flow
- $140.70M
- Book value per share
- -$17.41
- Diluted shares
- 14M
Trading
- Next earnings
- Nov 11, 2026 (estimated, after the close)
- Previous close
- $5.11
- Open
- $5.15
- Day's range
- $5.06 – $5.36
- Volume
- 47,083
- Average volume (20 days)
- 60,521
- Index membership
- Russell 2000 (since Jun 2026)
- Beta (5 years)
- 1.85
- 52-week range
- $3.75 – $21.30
- RSI (14 days)
- 38.3
- Volatility (1 year)
- 112.6%
- Relative volume
- 0.16×
- WACC
- 12.0%
On 1 of our idea list: Building new capacity
Index membership is inferred from the holdings of funds that track each index (IWM), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2010, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | VATE | S&P 500 | Difference | VATE per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -27.0% | -2.4% | −24.6 pts | ||
| 3 months | -29.6% | -1.2% | −28.5 pts | ||
| Year to date | +16.6% | +12.3% | +4.3 pts | ||
| 1 year | -4.2% | +12.4% | −16.6 pts | ||
| 3 years | -53.8% | +78.8% | −132.6 pts | -22.7% | +21.4% |
| 5 years | -88.6% | +75.2% | −163.8 pts | -35.2% | +11.9% |
| 10 years | -88.4% | +311.1% | −399.5 pts | -19.4% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Innovate filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONXUpdate
- News
- Update
- Update
- Results
About Innovate
Fabricated Structural Metal Products
INNOVATE Corp. is a diversified holding company operating primarily through three distinct reportable business segments: Infrastructure, Life Sciences, and Spectrum. Through its Infrastructure business, DBM Global Inc., the enterprise provides comprehensive steel fabrication, erection, pre-construction design-assist, construction modeling, and heavy industrial maintenance services. Its Life Sciences segment focuses on biotechnology and medical device innovations, including aesthetic skin cooling technologies and treatments for knee osteoarthritis. The Spectrum division operates over-the-air broadcasting stations across the United States and Puerto Rico. The company primarily serves commercial developers, general contractors, industrial plant operators, aesthetic dermatology practices, and healthcare facilities.
Company profile, executives and historyInnovate stock: common questions
What is Innovate's stock price?
VATE closed at $5.27 on Nov 11, 2026, up 3.13% on the day. Over the past 52 weeks it traded between $3.75 and $21.30.
What is Innovate's market cap?
Innovate was worth $71.89M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is VATE's P/E ratio?
Innovate lost money over the twelve months to Jun 30, 2026 (diluted EPS -$1.87), so it has no meaningful P/E ratio.
How much revenue does Innovate make?
Innovate reported revenue of $1.52B for the twelve months to Jun 30, 2026, up 52.4% from a year earlier.
Does Innovate pay a dividend?
No. Innovate has not paid a cash dividend over the last twelve months.
When does Innovate report earnings next?
Innovate is expected to report Q3 FY2026 results on Nov 11, 2026, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has VATE stock performed over the past year?
Including dividends, VATE returned -4.2% over the past year, against +12.4% for the S&P 500.
How many VATE shares are sold short?
1M shares were sold short at the latest FINRA report, 9.89% of the float, or 8.3 days of average trading volume.
Who are Innovate's competitors?
Companies most similar to Innovate by business, industry and size include VMI, PRLB, GFF, JBI, AZZ.
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