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NYSE · Engineering & Construction · USD

INNOVATE Corp. (VATE) Stock Analysis

INNOVATE Corp. (VATE) is a Engineering & Construction stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

VATE

$5.68

−$0.24 (−4.05%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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VATE Key Statistics

As of Oct 21, 2026
Trading
Open
$5.87
Previous Close
$5.92
Day's Range
5.68–5.95
52-Week Range
3.75–21.30
Volume
73.11K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.45
Valuation
Market Cap
$77.49M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.05
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.79
Financials (FY)
Revenue (FY)
$1.25B+12.55%
Net Income (FY)
−$60.60M
Profit marginThe share of revenue left as profit after all costs and taxes.
−1.48%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
13.64M
1-Year Return
+8.60%
Dividend and dates
Earnings Date
November 12, 2026
Avg Volume
376.34K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, VATE closed at $5.68, +8.60% over 1 year.

INNOVATE Corp. (VATE) has a market capitalization of $77.49M.

In fiscal 2025, VATE reported revenue of $1.25B.

VATE Stock Return by Calendar Year

INNOVATE Corp. (VATE) return since May 2020: what $10,000 became

1 year
$10,000 $10,860
+8.60%
5 years
$10,000 $1,519
−84.81%
Since May 2020
$10,000 $2,367
−76.33%

If you had invested $10,000 in INNOVATE Corp. (VATE) at the close on May 14, 2020, the earliest close on record here, it would have been worth $2,367 at the close on October 21, 2026: −76.33% in total, −20.06% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+25.66%
2025−8.50%
2024−59.84%
2023−34.22%
2022−49.46%
2021+13.50%
2020 (partial year)+35.83%

As of October 21, 2026.

VATE Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.25B−$60.60M−4.9%
2024$1.11B−$34.60M−3.1%
2023$1.42B−$35.20M−2.5%
2022$1.64B−$35.90M−2.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.25B$199.70M$28.70M−$60.60M−4.9%
2024$1.11B$208.80M$40.00M−$34.60M−3.1%
2023$1.42B$216.00M$26.50M−$35.20M−2.5%
2022$1.64B$221.40M$13.40M−$35.90M−2.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

VATE Valuation vs Engineering & Construction Median

Median of 59 stocks
MetricVATEEngineering & Construction medianvs median
P/S ratio0.051.140.0x the median
Profit margin−1.48%2.31%3.8 pts below

Medians across 59 Engineering & Construction stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 17 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

INNOVATE Corp. (VATE) is capitalised at $77.49M on the latest close. It is classified in the Engineering & Construction industry, within the Industrials sector. The company reports 3,587 employees.

The most recent close on file for VATE is $5.68, dated October 21, 2026. That is −$0.24 (−4.05%) against the previous close. Over the past 52 weeks the price has ranged from $3.75 to $21.30. The latest close sits 51.47% above that 52-week low.

Financial Health

In fiscal 2025, INNOVATE Corp. reported revenue of $1.25B. That is +12.55% against the prior fiscal year, when revenue was $1.11B. The same year closed with a net loss of $60.60M. Profit margin runs at −1.48%. That is 3.8 percentage points below the Engineering & Construction median of 2.31%. Trailing earnings per share are −1.79.

Across the 4 fiscal years on file, revenue moves from $1.64B in 2022 to $1.25B in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The price-to-sales ratio is 0.05. On price-to-sales that is 0 times the Engineering & Construction median of 1.14. The medians here are taken across 59 Engineering & Construction companies that report the metric.

The reported beta is 2.45. Annualized volatility over the trailing 6 years is 95.48%. The trailing one-year total return is +8.60%. Measured over 5 years, that is −31.40% a year compounded.

Growth & Income

The latest dividend on file for VATE dates from 2020.

2026 is still running; the total return is +25.66% year to date. The strongest complete calendar year on file is 2021 at +13.50%; the weakest is 2024 at −59.84%. Of the 5 complete calendar years on file, 1 finished higher.

Peer Comparison

INNOVATE Corp. (VATE) operates in the Engineering & Construction industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
INNOVATE Corp. VATE $77.49M —
Quanta Services, Inc. PWR $90.38B 68.9
Comfort Systems USA, Inc. FIX $49.32B 34.5
Ferrovial N.V. FER $36.00B 27.5

The Engineering & Construction industry average P/E ratio is 28.6x. INNOVATE Corp. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About INNOVATE Corp.

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

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