INNOVATE Corp. (VATE) stock

VATENYSEFabricated Structural Metal ProductsFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 8/3092% below fair value

$4.57−0.29 (-5.97%)

Close on Nov 13, 2026Market cap $62.34MP/E –Yield –

Innovate statistics

95 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Mar 25, 2027 (estimated, after the close)
Last ex-dividend date: May 14, 2020
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $62.34M; $806.10M
Enterprise Value: $654.34M; $704.71M
PS Ratio: 0.04; 1.52
P/FCF Ratio: 0.40; 19.99
P/OCF Ratio: 0.40; 14.02

Enterprise valuationIndustry

EV / Sales: 0.39; 1.65
EV / EBITDA: 6.05; 12.16
EV / EBIT: 7.40; 15.88
EV / FCF: 4.18; 20.92

Share statisticsIndustry

Shares Outstanding: 14M; 38M
Shares Change (YoY): 3.49%; -0.03%
Shares Change (QoQ): 1.59%; 0.00%
Float: 5M; 29M
Shares Held by Insiders: 59.9%; 11.1%
Shares Held by Institutions: 23.0%; 80.6%

Short sellingIndustry

Short Interest: 541,213; –
Short Interest Change: -2.89%; 1.01%
Short % of Float: 9.89%; 3.35%
Short % of Shares Outstanding: 3.97%; 2.90%
Days to Cover: 8.30; 3.41

Stock price statisticsIndustry

52-Week High: $21.30; –
52-Week Low: $3.75; –
20-Day Moving Average: $5.48; –
50-Day Moving Average: $6.55; –
200-Day Moving Average: $8.92; –
Average True Range (14): $0.44; –
Price Change (1 Week): -13.1%; 0.48%
Price Change (1 Month): -26.4%; -1.38%
Price Change (3 Months): -39.6%; -10.8%
Price Change (6 Months): -57.1%; 2.49%
Price Change (YTD): 1.11%; 5.98%
Price Change (1 Year): -16.5%; 9.82%
Price Change (3 Years): -57.7%; 28.5%
Price Change (5 Years): -90.1%; -3.49%
Price Change (10 Years): -90.0%; 75.2%
Average Volume (10 Days): 57,902; –
Average Volume (20 Days): 63,529; –
Average Volume (90 Days): 289,207; –
Relative Volume: 0.30; 0.69
Relative Strength Index (14): 30.3; 48.4
Volatility (1 Year): 113.0%; 41.3%
Beta (5 Years): 1.82; 0.97

MarginsIndustry

Gross Margin: 16.1%; 28.7%
Operating Margin: 5.31%; 6.91%
Pretax Margin: 1.99%; 7.19%
Profit Margin: 0.78%; 4.44%
EBITDA Margin: 6.49%; 12.2%
FCF Margin: 9.40%; 5.16%

Returns on capitalIndustry

Return on Assets (ROA): 1.34%; 4.50%
Return on Invested Capital (ROIC): 11.4%; 7.64%

Financial positionIndustry

Current Ratio: 0.50; 2.59
Quick Ratio: 0.00; 1.05
Debt / EBITDA: 5.31; 2.13
Debt / FCF: 3.67; 3.73
Net Debt / EBITDA: 5.27; 1.73
Interest Coverage: 0.82; 3.40

GrowthIndustry

Revenue Growth (YoY): 51.3%; 9.61%
FCF Growth (YoY): 83.0%; -1.14%
Revenue Growth (3Y CAGR): -8.70%; 0.40%
Revenue Growth (5Y CAGR): 11.7%; 6.17%

EfficiencyIndustry

Asset Turnover: 1.72; 0.87
Inventory Turnover: 146.93; 3.69
Revenue Per Employee: $464.07K; $424.36K
Profits Per Employee: $3.62K; $30.44K
Employee Count: 3,587; 2,200
WACC: 10.2%; 9.52%

Income statement (TTM)Industry

Revenue: $1.66B; $898.20M
Gross Profit: $268.80M; $268.80M
Operating Income: $88.40M; $49.18M
Pretax Income: $33.20M; $56.62M
Net Income: $13.00M; $34.96M
EBITDA: $108.10M; $72.78M
EPS (Diluted): -$0.06; $1.89

Balance sheetIndustry

Cash & Short-Term Investments: $4.90M; $72.60M
Total Debt: $574.50M; $491.34M
Net Cash (Debt): -$569.60M; $1.57M
Net Cash Per Share: -$41.75; $0.07
Equity (Book Value): -$228.30M; $324.12M
Book Value Per Share: -$16.74; $10.46
Tangible Book Value: -$229.10M; $83.75M
Working Capital: -$576.50M; $220.05M

Cash flow (TTM)Industry

Operating Cash Flow: $157.00M; $65.60M
Capital Expenditures: -$500.00K; -$23.33M
Free Cash Flow: $156.50M; $47.63M
FCF Per Share: $11.47; $1.39

Dividends and yieldsIndustry

Earnings Yield: 20.9%; 3.76%
FCF Yield: 251.0%; 3.80%
Payout Ratio: 19.2%; 21.1%
FCF Payout Ratio: 1.60%; 24.3%

Taxes and interestIndustry

Interest Expense: $107.20M; $18.10M
Income Tax: $17.20M; $9.90M
Effective Tax Rate: 51.8%; 23.7%

Scores and fair valueIndustry

Altman Z-Score: 0.50; 4.02
Piotroski F-Score: 4; 6
Beneish M-Score: -4.17; -2.60

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 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	-28.4%	-3.0%	−25.3 pts
3 months	-39.1%	-2.8%	−36.4 pts
Year to date	+1.1%	+11.5%	−10.4 pts
1 year	-18.4%	+13.5%	−31.9 pts
3 years	-56.1%	+77.7%	−133.8 pts	-24.0%	+21.1%
5 years	-90.1%	+72.6%	−162.7 pts	-37.0%	+11.5%
10 years	-89.9%	+308.2%	−398.1 pts	-20.5%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

1M VATE shares were sold short on Oct 30, 2026, down 2.9% from the previous report, or 9.89% of the shares available to trade. At recent volumes it would take 8.3 days to buy them back. Over the last 20 sessions, 59.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	541,213	-2.9%	65,245	8.3
Oct 15, 2026	557,315	+0.4%	59,596	9.3
Sep 30, 2026	555,264	-7.4%	116,847	4.8
Sep 15, 2026	599,900	+9.9%	84,649	7.1
Aug 31, 2026	545,864	+10.7%	163,629	3.3
Aug 14, 2026	492,946	+12.5%	1,864,026	1.0
Jul 31, 2026	438,306	-3.9%	90,670	4.8
Jul 15, 2026	456,004	+15.5%	107,796	4.2
Jun 30, 2026	394,779	+59.9%	170,242	2.3
Jun 15, 2026	246,866	+1.3%	69,435	3.6
May 29, 2026	243,606	-8.3%	69,112	3.5
May 15, 2026	265,664	-0.9%	57,174	4.7