Innovate Corp VATE Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$5.26 up $0.29, 5.84% at close Nov 6
Last close · Previous close $4.97
- Market cap
- At the Nov 6 close
- P/E ratio
- n/mLoss over last 12 months
- Diluted EPS
- −$1.86Last 12 months
- Dividend yield
- NoneLast 12 months
Price chart
$5.26up $0.29, 5.84%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$4.97Nov 5
- Volume51.50KNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume65.18KLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $3.75 to $21.30; now $5.26
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
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Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
VATE beat the S&P 500 in 1 of 7 periods.
| Period | VATE and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | VATE: down 26.8% S&P 500: down 5.6% | VATE trailed the S&P 500 by 21.2 percentage points Trailed |
| 3M | VATE: down 29.0% S&P 500: down 4.1% | VATE trailed the S&P 500 by 24.9 percentage points Trailed |
| YTD | VATE: up 16.4% S&P 500: up 8.7% | VATE beat the S&P 500 by 7.7 percentage points Beat |
| 1Y | VATE: down 10.4% S&P 500: up 10.9% | VATE trailed the S&P 500 by 21.3 percentage points Trailed |
| Long term | ||
| 3Y | VATE: down 51.3% S&P 500: up 75.0% −21.3% vs +20.5% a year | VATE trailed the S&P 500 by 126.3 percentage points Trailed |
| 5Y | VATE: down 88.4% S&P 500: up 67.8% −35.0% vs +10.9% a year | VATE trailed the S&P 500 by 156.2 percentage points Trailed |
| 10Y | VATE: down 81.3% S&P 500: up 313.1% −15.4% vs +15.2% a year | VATE trailed the S&P 500 by 394.4 percentage points Trailed |
$10,000 invested in VATE 10 years ago (Nov 4, 2016) would be worth about $1,870 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
VATE beat the S&P 500 in 1 of 7 periods.
| Period | VATE and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | VATE: down 26.8% S&P 500: down 5.6% | VATE trailed the S&P 500 by 21.2 percentage points Trailed |
| 3M | VATE: down 29.0% S&P 500: down 4.3% | VATE trailed the S&P 500 by 24.7 percentage points Trailed |
| YTD | VATE: up 16.4% S&P 500: up 7.8% | VATE beat the S&P 500 by 8.6 percentage points Beat |
| 1Y | VATE: down 10.4% S&P 500: up 9.7% | VATE trailed the S&P 500 by 20.1 percentage points Trailed |
| Long term | ||
| 3Y | VATE: down 51.3% S&P 500: up 68.8% −21.3% vs +19.1% a year | VATE trailed the S&P 500 by 120.1 percentage points Trailed |
| 5Y | VATE: down 88.4% S&P 500: up 56.9% −35.0% vs +9.4% a year | VATE trailed the S&P 500 by 145.3 percentage points Trailed |
| 10Y | VATE: down 86.5% S&P 500: up 252.6% −18.2% vs +13.4% a year | VATE trailed the S&P 500 by 339.1 percentage points Trailed |
$10,000 invested in VATE 10 years ago (Nov 4, 2016) would be worth about $1,349 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$176.30
Closing high on . Now 97.0% below that record.
Split-adjusted daily closes since Jul 13, 2009.
Stock splits
1
1-for-10 on . Share counts adjust after each split.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $1.52Bup 52.4%
- Net income
- −$22.40M
- Diluted EPS
- −$1.86
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $242.20M | −$15.00M | −$1.18 |
| Q4 FY24 (Dec 31, 2024) | $236.60M | −$16.60M | −$1.39 |
| Q1 FY25 (Mar 31, 2025) | $274.20M | −$24.50M | −$1.89 |
| Q2 FY25 (Jun 30, 2025) | $242.00M | −$19.80M | −$1.67 |
| Q3 FY25 (Sep 30, 2025) | $347.10M | −$8.90M | −$0.71 |
| Q4 FY25 (Dec 31, 2025) | $382.70M | −$7.40M | −$0.57 |
| Q1 FY26 (Mar 31, 2026) | $364.80M | −$16.80M | −$1.29 |
| Q2 FY26 (Jun 30, 2026) | $421.60M | $10.70M | $0.71 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $1.21B | −$227.50M | Paused See the note under the price. |
| FY22 (Dec 31, 2022) | $1.64B | −$35.90M | Paused See the note under the price. |
| FY23 (Dec 31, 2023) | $1.42B | −$35.20M | Paused See the note under the price. |
| FY24 (Dec 31, 2024) | $1.11B | −$34.60M | −$3.08 |
| FY25 (Dec 31, 2025) | $1.25B | −$60.60M | −$4.84 |
Margins
- Gross 15.9%
- Operating 4.3%
- Net −1.5%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $106.30MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$141.20MLast 12 months
- Capital spending$34.90MLast 12 months
- 7.0%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $0.00Last 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$1.80MLast 12 months
- Total returned$1.80MLast 12 months
2% of free cash flow
Balance sheet
- $90.00MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$616.00MAs of Jun 30, 2026
- Net debt$526.00MAs of Jun 30, 2026
- 0.44As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio
Financial strength
- 5 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✗Net income was positive: not passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✗Share count didn’t rise: not passed
- ✗Gross margin improved: not passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- −2.4%Last 12 months
Over the last 12 months, Innovate’s net loss was 2.4% of its total assets (averaged over the last four quarter-ends).
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.000 |
| 2017 | $25.90 |
| 2018 | $0.000 |
| 2019 | $0.000 |
| 2020 | $0.000 |
| 2021 | $0.000 |
| 2022 | $0.000 |
| 2023 | $0.000 |
| 2024 | $0.000 |
| 2025 | $0.000 |
| 2026 (to date) | $0.000 |
Dividend details
- $0.00Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield0.00%Last 12 months
- $25.90Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
About Innovate Corp
HC2 Holdings, Inc. is a publicly traded diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across multiple reportable segments, including Construction, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other. HC2’s largest operating subsidiary is DBM Global Inc., a family of companies providing fully integrated structural and steel construction services. Founded in 1994, HC2 is headquartered in New York, New York.
- Sector
- Industrials
- Industry
- Engineering & Construction
- Headquarters
- New York, USA
- Website
- hc2.com (opens in a new tab)
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
VATE news
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VATE stock FAQ
What is VATE stock’s price today?
Innovate (VATE) traded at $5.26 at the close on , up $0.29 (5.84%) from the previous close of $4.97. Over the past 52 weeks it has traded between $3.75 and $21.30.
If you invested $1,000 in VATE 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in VATE on would be worth about $187 at the close on , a total return of −81.3%. The same $1,000 would be worth $116 if invested five years ago and $896 if invested one year ago. Past performance doesn’t predict future returns.
What is VATE’s P/E ratio?
VATE’s P/E ratio isn’t meaningful right now because its earnings over the four quarters to are negative (diluted EPS of −$1.86).
How much revenue does Innovate make?
Innovate reported $1.5 billion of revenue over the four quarters to , up 52.4% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $421.6 million, up 74.2% from a year earlier.
Is Innovate profitable?
Not over the four quarters to . Innovate reported a net loss of $22.4 million across those four quarters on $1.5 billion of revenue. Its operations were still profitable before interest, other items and taxes, with $64.9 million of operating income.
What are VATE’s earnings per share?
VATE’s diluted earnings per share were −$1.86 over the four quarters to , compared with −$6.13 in the twelve months before. The latest quarter (Q2 FY26) brought $0.71 per share, against −$1.67 a year earlier (how EPS works).
Does VATE pay a dividend?
Innovate hasn’t paid a dividend in the last twelve months.
What is VATE’s 52-week high and low?
Over the past 52 weeks VATE has traded as low as $3.75 and as high as $21.30. At $5.26 at the close on , it is 75.3% below that high and 40.3% above the low.
What is VATE’s all-time high?
VATE’s highest closing price was $176.30 on , adjusted for stock splits. At $5.26 at the close on , it is 97.0% below that record.
Has VATE stock ever split?
Yes, once: 1-for-10 on .
How has VATE stock performed?
Including dividends and measured to the close on , VATE has returned +16.4% so far this year and −10.4% over the past year, and −88.4% over five years (−35.0% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Innovate in?
Innovate is in the Industrials sector and the Engineering & Construction industry, and is headquartered in New York, USA.
What exchange does VATE trade on?
Innovate trades on the NYSE under the ticker symbol VATE. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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