NVDA+0.84%AAPL−2.51%GOOGL−1.17%MSFT−2.04%AMZN−0.15%TSM+2.85%SPCX−1.20%AVGO+0.21%
StockVS

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.

VATE

$7.44

−$0.02 (−0.27%)

Sep 4, 2026 · Market close

Compare

Price History

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

Compare VATE with… →

VATE Key Statistics

As of Sep 4, 2026
Trading
Open
$7.30
Previous Close
$7.46
Day's Range
7.30–7.47
52-Week Range
3.75–21.30
Volume
51.50K
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.
2.35
Valuation
Market Cap
$101.50M
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.
0.07
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.78
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
+34.30%
Dividend and dates
Dividend
$0.78+9.62%
Ex-Dividend Date
April 13, 2026
Earnings Date
November 12, 2026
Avg Volume
402.22K

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

VATE Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+64.60%
2025−8.50%
2024−59.84%
2023−34.22%
2022−49.46%
2021+13.50%
2020 (partial year)+35.83%

As of September 4, 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 62 stocks
MetricVATEEngineering & Construction medianvs median
P/S ratio0.071.210.1x the median
Profit margin−1.48%2.16%3.6 pts below

Medians across 62 Engineering & Construction stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 13 articles ↓

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

Analysis

Data-derived

Company Overview

INNOVATE Corp. (VATE) is capitalised at $101.50M 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 $7.44, dated September 4, 2026. That is −$0.02 (−0.27%) against the previous close. Over the past 52 weeks the price has ranged from $3.75 to $21.30. The latest close sits 98.4% 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 3.6 percentage points below the Engineering & Construction median of 2.16%. Trailing earnings per share are −1.78.

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 0.07. On price-to-sales that is 0.1 times the Engineering & Construction median of 1.21. The medians here are taken across 62 Engineering & Construction companies that report the metric.

The reported beta is 2.35. Annualized volatility over the trailing 6 years is 95.63%. The trailing one-year price return is +34.30%. Measured over 5 years, that is −27.17% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 9.62% on the latest price. That is 8.7 percentage points above the Engineering & Construction median yield of 0.92%. The indicated annual rate is $0.78 a share. The ex-dividend date on file is April 13, 2026.

2026 is still running; the price is +64.60% 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 $101.50M —
Quanta Services, Inc. PWR $93.88B 71.4
Comfort Systems USA, Inc. FIX $56.67B 38.9
Ferrovial N.V. FER $41.84B 60.5

The Engineering & Construction industry average P/E ratio is 30.8x. 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 nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

Related Engineering & Construction Stocks

PWR

Quanta Services, Inc.

$93.88B

 FIX

Comfort Systems USA, Inc.

$56.67B

 FER

Ferrovial N.V.

$41.84B

 EME

EMCOR Group, Inc.

$33.27B

 WSP.TO

WSP Global Inc.

$25.19B

 MTZ

MasTec, Inc.

$19.05B
View all Engineering & Construction stocks →

Popular Industrials Stocks

SPCX

Space Exploration Technologies Corp.

$1.95T

 CAT

Caterpillar Inc.

$374.15B

 GE

GE Aerospace

$349.78B

 RTX

RTX Corporation

$270.62B

 GEV

GE Vernova Inc.

$250.87B
View all Industrials stocks →

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.

Visit website →