VATE.RT Stock Financial Analysis - INNOVATE Corp.

Overview

INNOVATE Corp., based in the United States, operates as a diversified infrastructure company primarily engaged in engineering, construction, and maintenance services across various sectors, including energy, telecommunications, and infrastructure. The company has carved its niche by focusing on complex, multi-faceted projects such as large-scale electrical transmission, renewable energy installations, and telecommunications infrastructure, embodying a blend of technical expertise and innovation capability. Key projects often involve designing and constructing critical infrastructure components that support substantial improvements in public services and utilities efficiency. The strategic direction of INNOVATE Corp. typically emphasizes sustainable practices and the integration of advanced technology to optimize project outcomes and competitiveness in its operational markets.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for INNOVATE Corp. - Equity Right as of June 30, 2025 is 995.00 MM.
The operating income for INNOVATE Corp. - Equity Right as of June 30, 2025 is 16.70 MM.
The net income for INNOVATE Corp. - Equity Right as of June 30, 2025 is -75.90 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	995.00	16.70	-75.90
2025-03-31	1,066.10	40.60	-41.70
2024-12-31	1,107.10	40.00	-34.60
2024-09-30	1,231.50	52.10	-27.30
2024-06-30	1,364.60	56.90	-19.30
2024-03-31	1,420.30	33.90	-43.60
2023-12-31	1,423.00	27.10	-35.20
2023-09-30	1,471.30	24.60	-31.60
2023-06-30	1,519.00	20.20	-30.00
2023-03-31	1,542.40	15.80	-32.50
2022-12-31	1,637.30	20.60	-35.90
2022-09-30	1,622.80	17.50	-34.90
2022-06-30	1,594.60	12.80	-241.40
2022-03-31	1,446.20	3.80	-252.50
2021-12-31	1,205.20	-5.80	-227.50
2021-09-30	988.40	-2.20	-227.50
2021-06-30	764.10	-8.80	-32.90
2021-03-31	702.10	-10.00	3.70
2020-12-31	716.90	-14.80	-92.00
2020-09-30	260.20	-18.80	-118.30
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31
2024-09-30	-3.25	-3.25
2024-06-30	-2.78	-2.74
2024-03-31	-5.13	-5.71
2023-12-31	-4.81
2023-09-30	-4.49	-4.49
2023-06-30	-4.41	-4.47
2023-03-31	-4.82	-4.82
2022-12-31	-5.26
2022-09-30	-5.03	-4.99
2022-06-30	-31.77	-31.74
2022-03-31	-33.03	-33.01
2021-12-31	-29.80
2021-09-30	-31.63	-31.65
2021-06-30	-5.39	-5.36
2021-03-31	0.07	0.09
2020-12-31	-18.80	-18.80
2020-09-30	-26.15	-26.46
2020-06-30	-24.21	-23.65
2020-03-31	-25.16	-24.78

Cash Flow: Operations, Investing, Financing

The cash from operating activities for INNOVATE Corp. - Equity Right as of June 30, 2025 is 39.30 MM.
The cash from investing activities for INNOVATE Corp. - Equity Right as of June 30, 2025 is -23.40 MM.
The cash from financing activities for INNOVATE Corp. - Equity Right as of June 30, 2025 is -63.30 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	39.30	-23.40	-63.30
2025-03-31	20.40	-14.50	-11.20
2024-12-31	9.10	-13.90	-26.50
2024-09-30	28.90	-6.10	-28.30
2024-06-30	83.40	-8.30	-23.40
2024-03-31	78.10	-15.40	-40.20
2023-12-31	26.50	39.10	-65.30
2023-09-30	28.00	37.00	-35.70
2023-06-30	-27.60	35.70	-4.00
2023-03-31	-23.10	36.10	-21.10
2022-12-31	-9.50	-22.50	68.10
2022-09-30	-30.60	-26.60	22.90
2022-06-30	-15.30	-203.50	-26.90
2022-03-31	-33.90	-298.50	91.40
2021-12-31	27.00	-223.20	4.30
2021-09-30	-50.90	-123.20	73.90
2021-06-30	-7.10	-8.00	84.10
2021-03-31	3.30	169.90	-92.20
2020-12-31	41.10	162.10	-204.50
2020-09-30	105.60	0.00	-215.00
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Management Effectiveness

The roa for INNOVATE Corp. - Equity Right as of June 30, 2025 is -0.05.
The roic for INNOVATE Corp. - Equity Right as of June 30, 2025 is -0.08.
The croic for INNOVATE Corp. - Equity Right as of June 30, 2025 is -0.01.
The ocroic for INNOVATE Corp. - Equity Right as of June 30, 2025 is 0.04.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.05		-0.08	-0.01	0.04
2025-03-31	-0.03		-0.04	-0.01	0.05
2024-12-31	-0.03		-0.04	-0.01	0.05
2024-09-30	-0.02		-0.03	0.08	0.13
2024-06-30	-0.04		-0.07	0.04	0.13
2024-03-31	-0.03		-0.06	0.00	0.04
2023-12-31	-0.03		-0.05	0.04	0.04
2023-09-30	-0.03		-0.04	0.01	-0.04
2023-06-30	-0.03		-0.04	0.01	-0.04
2023-03-31	-0.03		-0.05	-0.02	-0.03
2022-12-31	-0.03	-2.24	-0.05	-0.05	-0.04
2022-09-30	-0.03	-2.24	-0.05	-0.05	-0.04
2022-06-30	-0.03	-0.47	-0.33	0.01	-0.02
2022-03-31	-0.04	-0.59	-0.33	-0.04	-0.04
2021-12-31	-0.03	-0.37	-0.32	0.00	0.04
2021-09-30	-0.03	-0.52	-0.30	0.07	-0.07
2021-06-30	-0.00	-0.09	-0.03	0.01	-0.01
2021-03-31	0.00	0.05	0.00	0.04	0.00
2020-12-31	-0.01	-0.20	-0.07	0.03	0.03
2020-09-30	-0.02	-0.23	-0.11	-0.09	0.10
2020-06-30	-0.02	-0.24	-0.11	-0.07	0.12
2020-03-31	-0.02	-0.32	-0.15	-0.14	0.15

Gross Margins

The gross margin for INNOVATE Corp. - Equity Right as of June 30, 2025 is 0.19.
The net margin for INNOVATE Corp. - Equity Right as of June 30, 2025 is -0.04.
The operating margin for INNOVATE Corp. - Equity Right as of June 30, 2025 is 0.04.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.19	-0.04	0.04
2025-03-31	0.18	-0.02	0.04
2024-12-31	0.18	-0.02	0.04
2024-09-30	0.17	-0.01	0.04
2024-06-30	0.16	-0.03	0.03
2024-03-31	0.15	-0.02	0.02
2023-12-31	0.15	-0.02	0.02
2023-09-30	0.14	-0.02	0.02
2023-06-30	0.14	-0.02	0.02
2023-03-31	0.14	-0.02	0.01
2022-12-31	0.14	-0.02	0.01
2022-09-30	0.14	-0.02	0.01
2022-06-30	0.14	-0.15	0.01
2022-03-31	0.14	-0.17	0.00
2021-12-31	0.15	-0.19	-0.01
2021-09-30	0.16	-0.18	0.02
2021-06-30	0.17	-0.03	0.02
2021-03-31	0.18	0.01	-0.01
2020-12-31	0.18	-0.13	-0.04
2020-09-30	0.31	-0.24	-0.02
2020-06-30	0.13	-0.06	0.00
2020-03-31	0.14	-0.06	0.02

VATE.RT Stock Financial Analysis - INNOVATE Corp. - Equity Right (NYSE) Stock