Stocks · Industrials · Engineering & Construction
INNOVATE Corp. VATE
$7.50 +0.94% Close, Oct 2, 2026 · NYSE · Market cap $102.3M
Strong growthInexpensive vs sectorHigh risk
Next earnings report: Nov 12, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $1.52B, up 52.4% from a year earlier, accelerating from 25.4% a quarter earlier.
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +60.9%).
- The stock is 63% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 8%
- FCF growth (TTM, YoY)Top 3%
- Revenue growth, 3-year CAGRBottom 9%
- Revenue growth accelerationTop 4%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 15%
- Gross marginBottom 18%
- Operating marginBottom 39%
- Accruals (lower is better)Top 6%
- Net debt / EBITDA (lower is better)Bottom 14%
- Interest coverBottom 29%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 10%
- Free-cash-flow yieldTop 1%
- EBITDA / enterprise valueTop 5%
- Sales / enterprise valueTop 4%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 11%
- 6-month returnBottom 41%
- 1-year return vs S&P 500Top 11%
- Distance from 52-week highBottom 10%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 11%
- Consecutive EPS beatsTop 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 1%
- Maximum drawdown, 3 yearsBottom 12%
- Beta vs S&P 500 (lower is better)Bottom 5%
- Net debt / EBITDA (lower is better)Bottom 14%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 25.4% | 52.4% | ↑ |
| Gross margin | 18.2% | 15.1% | ↓ |
| Operating margin | 1.8% | 4.5% | ↑ |
| FCF margin | 1.8% | 9.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 52.4% | 25.4% | ↑ | Top 8% |
| Gross margin | 15.1% | 18.2% | ↓ | Bottom 18% |
| Operating margin | 4.5% | 1.8% | ↑ | Bottom 39% |
| Net margin | -1.5% | -7.6% | ↑ | — |
| Free-cash-flow margin | 9.4% | 1.8% | ↑ | — |
| Return on invested capital | 13.9% | — | Top 15% | |
| Revenue growth, 3-year CAGR | -8.7% | — | Bottom 9% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -20.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -65.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.37×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.76%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 1.76%
- Share count change, 1 year
- +6.2%
- Share count change, 3-year CAGR
- +21.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 7
- Average EPS surprise, last 4
- +60.9%
- Average 2-day reaction, last 8
- -0.6%
- Positive 20 days after report
- 4 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +132.5% | -2.0% | +1.5% | -2.4% | — |
| May 14, 2026 | +40.9% | -0.7% | +11.9% | +47.1% | -39.4% |
| Mar 26, 2026 | +41.6% | -1.2% | +67.4% | +196.1% | +346.1% |
| Nov 12, 2025 | +28.5% | -0.5% | -6.9% | -15.3% | -3.1% |
| Aug 5, 2025 | +6.6% | +7.5% | -11.6% | +3.7% | -2.4% |
| May 6, 2025 | +13.5% | -4.9% | +3.5% | -11.6% | -13.7% |
| Mar 31, 2025 | +73.4% | -4.0% | -29.2% | -16.3% | -35.4% |
| Nov 6, 2024 | — | +1.0% | -19.8% | +16.7% | +132.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.71 | -$2.18 | +132.5% | $421.6M |
| May 14, 2026 | -$1.29 | -$2.18 | +40.9% | $364.8M |
| Mar 26, 2026 | -$0.58 | -$0.99 | +41.6% | $382.7M |
| Nov 12, 2025 | -$0.71 | -$0.99 | +28.5% | $394.8M |
| Aug 5, 2025 | -$1.67 | -$1.79 | +6.6% | $243.8M |
| May 6, 2025 | -$1.89 | -$2.18 | +13.5% | $171.8M |
| Mar 31, 2025 | -$1.29 | -$4.86 | +73.4% | — |
| Nov 6, 2024 | -$1.18 | — | — | $242.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 6.3× | — | — | Top 5% |
| EV / Sales | 0.46× | — | — | Top 4% |
| Free-cash-flow yield | 138.79% | — | — | Top 1% |
| Earnings yield | -24.93% | — | — | Bottom 10% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -20.1%
- 200-day average slope (20 days)
- +3.0%
- Distance from 50-day average
- -2.6%
- Distance from 200-day average
- -14.9%
- RSI (14)
- 47.0
- Relative volume
- 0.40×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 160.3%
- Volatility vs own 5-year history
- 96th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.57
- Correlation with S&P 500
- 0.29
- Current drawdown from 1-year high
- -62.6%
- Maximum drawdown, 3 years
- -80.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 10, 2021 | Oct 3, 2024 | -93.0% | 727 days | Not yet recovered |
| Jun 8, 2021 | Jul 19, 2021 | -23.2% | 28 days | 78 days (Nov 5, 2021) |
| Dec 9, 2020 | Jan 4, 2021 | -20.7% | 16 days | 14 days (Jan 25, 2021) |
| Oct 5, 2020 | Oct 30, 2020 | -17.6% | 19 days | 17 days (Nov 24, 2020) |
| Jan 25, 2021 | Mar 4, 2021 | -16.7% | 27 days | 13 days (Mar 23, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $102.3M
- EPS, diluted (TTM)
- -$1.87
- Revenue (TTM)
- $1.52B
- Dividend yield
- 10.40%
- 52-week range
- $3.75 – $21.30
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.21B | $1.64B | $1.42B | $1.11B | $1.25B |
| Gross profit | $183.7M | $221.4M | $216.0M | $208.8M | $182.2M |
| Operating income | -$10.6M | $13.4M | $26.5M | $40.0M | $34.2M |
| Net income | -$227.5M | -$35.9M | -$35.2M | -$34.6M | -$60.6M |
| EPS (diluted) | -$10.35 | -$5.26 | -$4.78 | -$2.73 | -$4.84 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $242.2M | $236.6M | $274.2M | $242.0M | $347.1M | $382.7M | $364.8M | $421.6M |
| Net income | -$15.0M | -$16.6M | -$24.5M | -$19.8M | -$8.9M | -$7.4M | -$16.8M | $10.7M |
| EPS (diluted) | -$1.16 | -$1.29 | -$1.89 | -$1.67 | -$0.71 | -$0.58 | -$1.29 | $0.71 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $89.5M | -$9.5M | $26.5M | $9.1M | $146.6M |
| Capital expenditure | -$24.1M | -$20.7M | -$18.4M | -$19.0M | -$26.1M |
| Free cash flow | $65.4M | -$30.2M | $8.1M | -$9.9M | $120.5M |
| Dividends paid | $0 | $0 | -$2.2M | $0 | -$2.2M |
| Net share buybacks | $100,000 | $0 | -$7.0M | $33.2M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $87.8M
- Total assets
- $1.01B
- Total liabilities
- $1.23B
- Total debt
- $682.4M
- Net debt
- $594.6M
- Shareholders’ equity
- -$233.5M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Apr 13, 2026 | $0.78 | Apr 28, 2026 |
| Aug 28, 2013 | $8.50 | — |
| Dec 19, 2012 | $0.05 | Dec 28, 2012 |
| Nov 23, 2012 | $2.50 | Dec 11, 2012 |
| Jun 28, 2012 | $1.00 | Jul 16, 2012 |
Short interest
- Shares sold short
- 599,900
- Days to cover
- 7.09
- Change vs previous report
- +9.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 9, 2024
- 1-for-10