YOLFTbeta
Innovate Corp

Innovate Corp

VATE · NYSE · Industrials / Engineering & Construction

4.57USD-0.29 (-5.97%)

Price History

Full chart

Market Stats

Previous Close4.86
Open4.87
Day Range4.51 – 5.19
52-Week Range3.41 – 21.30
Volume88.00K
Market Cap106.00M
P/E (TTM)0.00
Forward P/E4.86
EPS-1.79
Dividend Yield9.62%
Beta2.35
50-Day Avg7.84
200-Day Avg8.72

About

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.

Company Details

  • SectorIndustrials
  • IndustryEngineering & Construction
  • CEOMr. Paul Kenneth Voigt
  • Employees3.59K
  • Headquarters295 Madison Avenue, New York, NY, United States, 10017, USA
  • Websitehttps://innovatecorp.com

Leadership

  • Mr. Paul Kenneth VoigtInterim Chief Executive Officer · b. 1959
  • Mr. Michael J. Sena CPACFO, Treasurer & Corporate Secretary · b. 1973
  • Mr. Anthony RozmusInvestor Relations Officer

Financials

Income Statement

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue172.97M280.20M421.63M832.74M1.20B1.08B1.02B1.29B1.35B1.19B1.01B902.18M895.86M815.55M764.95M989.26M260.55M230.69M543.20M1.12B1.56B1.63B1.98B1.08B716.90M1.21B1.64B1.42B1.11B1.25B
Growth (%)-+61.99%+50.48%+97.51%+44.03%-9.75%-5.40%+25.75%+4.90%-12.10%-14.82%-10.80%-0.70%-8.96%-6.20%+29.32%-73.66%-11.46%+135.47%+106.33%+39.02%+4.88%+20.96%-45.52%-33.44%+68.11%+35.85%-13.09%-22.20%+12.55%
Cost of Revenue158.84M252.73M353.02M624.60M861.18M767.84M668.64M786.31M821.46M784.83M663.83M554.89M569.87M533.71M488.61M695.74M125.26M220.31M471.49M984.87M1.38B1.42B1.78B830.50M588.50M1.02B1.42B1.21B898.30M1.06B
Gross Profit14.13M27.47M68.61M208.14M338.24M314.63M355.41M501.47M529.42M402.57M347.64M347.30M326.00M281.85M276.33M293.52M135.29M10.37M71.72M135.94M180.90M212.36M194.20M246.50M128.40M183.70M221.40M216.00M208.80M182.20M
Gross Margin8.17%9.80%16.27%24.99%28.20%29.07%34.71%38.94%39.19%33.90%34.37%38.50%36.39%34.56%36.12%29.67%51.92%4.50%13.20%12.13%11.61%13.00%9.82%22.89%17.91%15.24%13.52%15.18%18.86%14.62%
Operating Expense22.28M57.35M103.72M254.54M451.11M986.93M358.73M431.84M490.36M482.49M560.49M316.01M287.19M250.76M263.68M280.77M143.95M49.51M86.14M133.71M182.32M213.49M250.00M221.20M156.70M194.30M208.00M189.50M168.80M148.00M
Operating Income-8.15M-29.89M-35.10M-46.40M-112.86M-672.30M-3.31M69.63M39.06M-79.92M-212.85M31.28M38.80M31.08M12.66M12.75M-8.66M-39.14M-14.43M2.23M-1.42M-1.13M-55.80M25.30M-28.30M-10.60M13.40M26.50M40.00M34.20M
Operating Margin-4.71%-10.67%-8.33%-5.57%-9.41%-62.11%-0.32%5.41%2.89%-6.73%-21.04%3.47%4.33%3.81%1.65%1.29%-3.32%-16.97%-2.66%0.20%-0.09%-0.07%-2.82%2.35%-3.95%-0.88%0.82%1.86%3.61%2.74%
EBITDA-5.99M-23.56M-10.56M8.92M8.19M-514.50M78.52M159.10M138.59M-12.66M-130.80M53.49M61.61M84.06M82.00M4.74M17.01M-1.08M-1.53M23.33M26.45M51.92M309.50M42.50M54.90M31.80M62.80M63.10M74.00M57.90M
EBITDA Margin-3.46%-8.41%-2.50%1.07%0.68%-47.53%7.67%12.35%10.26%-1.07%-12.93%5.93%6.88%10.31%10.72%0.48%6.53%-0.47%-0.28%2.08%1.70%3.18%15.66%3.95%7.66%2.64%3.84%4.43%6.68%4.65%
Net Income-8.76M-36.24M-63.65M-112.74M-174.66M-306.18M-34.60M54.76M-10.58M-154.38M-237.96M15.74M-25.03M477.89M-19.09M-38.73M-44.85M-17.61M-12.11M-39.83M-105.40M-49.70M139.00M-31.50M-92.00M-227.50M-35.90M-35.20M-34.60M-60.60M
Net Income Margin-5.07%-12.93%-15.10%-13.54%-14.56%-28.28%-3.38%4.25%-0.78%-13.00%-23.53%1.74%-2.79%58.60%-2.50%-3.92%-17.21%-7.63%-2.23%-3.55%-6.76%-3.04%7.03%-2.92%-12.83%-18.88%-2.19%-2.47%-3.13%-4.86%
Interest Expense857.00K-40.05M-132.14M100.70M68.30M60.73M50.53M53.44M54.17M61.35M53.89M31.46M35.49M32.51M27.00K234.00K12.35M39.02M43.38M55.10M75.70M76.10M74.80M59.10M52.00M68.20M74.50M89.00M
Interest Expense % of Total Revenue0.50%-9.50%-11.02%9.30%6.67%4.72%3.74%4.50%5.36%6.80%6.02%3.86%4.64%3.29%0.01%0.10%2.27%3.48%2.78%3.37%3.83%7.07%10.43%4.90%3.18%4.79%6.73%7.14%

Balance Sheet

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets140.56M358.01M673.96M1.45B1.75B816.21M724.59M751.16M758.60M641.09M392.25M460.40M330.44M558.91M514.46M543.82M301.19M87.68M724.05M2.74B2.84B3.22B6.50B6.96B6.72B1.08B1.15B1.04B891.10M950.10M
Total Liabilities64.12M315.49M559.05M1.26B1.66B994.70M892.41M847.53M867.36M877.42M860.50M907.94M791.98M459.00M431.43M442.12M232.69M33.27M611.22M2.62B2.77B3.03B6.30B6.49B6.11B1.09B1.18B1.20B1.05B1.17B
Total Equity76.44M42.53M114.92M191.49M83.69M-178.48M-167.83M-96.37M-108.76M-236.33M-468.25M-447.54M-461.54M96.34M79.39M93.76M68.50M54.41M112.83M120.65M69.97M73.17M88.10M360.10M570.20M-84.30M-103.70M-165.50M-180.40M-230.80M
Cash35.47M115.23M136.20M471.54M398.38M83.95M92.49M64.07M49.67M43.00M64.32M81.28M37.00M42.54M41.53M41.05M23.20M9.00M107.98M158.62M115.37M97.89M325.00M193.70M45.30M45.50M80.40M80.80M48.80M112.10M
Total Debt17.25M231.21M420.17M929.94M1.26B667.59M600.99M542.45M559.35M635.21M644.07M673.90M604.84M257.52M243.89M247.76M127.11M128.04M343.37M371.88M428.50M593.17M743.90M774.90M604.30M684.80M785.30M771.90M719.20M717.50M
Net Debt-18.23M115.98M283.98M458.40M858.08M583.63M508.50M478.38M509.68M592.21M579.76M592.62M567.84M214.98M202.36M206.71M103.92M-137.03M235.39M213.25M313.13M495.29M418.90M581.20M559.00M639.30M704.90M691.10M670.40M605.40M

Cash Flow

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-6.94M-14.76M-71.30M-55.57M-131.02M-110.06M34.63M66.95M69.21M-50.72M12.87M11.47M8.78M28.98M36.48M42.93M23.57M-20.32M32.81M-32.56M79.15M6.14M341.40M110.70M41.10M27.00M-9.50M26.50M9.10M146.60M
Investing Cash Flow-39.57M-104.24M-54.22M-200.17M-240.01M-89.65M-31.61M--71.39M-44.25M-17.87M-39.47M-18.69M-15.11M-21.22M-2.33M149.74M258.14M--14.74M-140.22M-139.25M-224.60M-269.30M99.20M-223.20M-22.50M23.20M-13.90M-22.60M
Financing Cash Flow79.47M200.13M146.83M591.01M307.35M-107.21M984.00K-70.07M-6.39M89.70M25.47M41.46M-28.08M-12.67M-13.87M-38.76M-191.14M-250.10M284.62M103.17M18.79M115.34M115.20M68.10M-141.60M4.30M68.10M-49.40M-26.50M-61.20M
Capital Expenditure12.74M39.47M75.98M331.75M581.32M263.31M88.10M74.24M125.36M49.82M33.02M44.74M25.44M15.06M26.42M31.53M31.75M12.58M5.82M21.32M29.05M31.93M39.70M24.70M17.80M24.10M20.70M18.40M19.00M26.10M
Free Cash Flow-19.68M-54.22M-147.28M-387.32M-712.34M-373.37M-53.47M-7.29M-56.15M-100.54M-20.15M-33.28M-16.66M13.92M10.06M11.40M-8.18M-32.89M26.99M-53.88M50.10M-25.78M301.70M86.00M23.30M2.90M-30.20M8.10M-9.90M120.50M
Dividends Paid---------------10.52M55.39M121.02M1.63M5.69M4.22M3.64M2.00M8.90M2.90M62.50M5.20M2.20M1.20M2.20M
FCF to OCF283.65%367.43%206.57%696.99%543.68%339.25%-154.38%-10.89%-81.13%198.24%-156.53%-290.21%-189.79%48.05%27.58%26.55%-34.70%161.91%82.27%165.49%63.30%-419.78%88.37%77.69%56.69%10.74%317.89%30.57%-108.79%82.20%
Dividend Paid to FCF---------------92.24%-677.30%-367.94%6.02%-10.55%8.42%-14.12%0.66%10.35%12.45%2155.17%-17.22%27.16%-12.12%1.83%

Earnings

Report DateFeb 6, 1997May 1, 1997Jul 16, 1997Nov 5, 1997Feb 12, 1998May 5, 1998Aug 12, 1998Nov 4, 1998Feb 10, 1999May 11, 1999Aug 3, 1999Nov 4, 1999Feb 10, 2000May 10, 2000Aug 3, 2000Nov 2, 2000Feb 8, 2001May 4, 2001Aug 9, 2001Nov 6, 2001Feb 19, 2002May 2, 2002Aug 1, 2002Nov 7, 2002Feb 13, 2003May 1, 2003Aug 5, 2003Nov 4, 2003Feb 5, 2004Apr 29, 2004Jul 29, 2004Nov 1, 2004Feb 22, 2005Feb 13, 2008May 5, 2008Jul 31, 2008Nov 10, 2008Mar 16, 2009Aug 14, 2009Nov 17, 2009Mar 5, 2010May 18, 2010Aug 17, 2010Nov 16, 2010Mar 17, 2011May 17, 2011Aug 16, 2011Nov 15, 2011Mar 15, 2012May 10, 2012Aug 9, 2012Nov 8, 2012Mar 13, 2013May 10, 2013Aug 8, 2013Nov 8, 2013Mar 31, 2014May 12, 2014Aug 11, 2014Nov 10, 2014Mar 16, 2015May 11, 2015Aug 10, 2015Nov 2, 2015Mar 15, 2016May 9, 2016Aug 9, 2016Nov 9, 2016Mar 8, 2017May 10, 2017Aug 9, 2017Nov 8, 2017Mar 14, 2018May 10, 2018Aug 8, 2018Nov 6, 2018Mar 12, 2019May 7, 2019Aug 8, 2019Nov 5, 2019Mar 16, 2020May 11, 2020Aug 10, 2020Nov 9, 2020Mar 10, 2021May 7, 2021Aug 6, 2021Nov 4, 2021Mar 9, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Mar 14, 2023May 10, 2023Aug 9, 2023Nov 9, 2023Mar 4, 2024May 7, 2024Aug 7, 2024Nov 6, 2024Mar 31, 2025Jun 13, 2025Aug 5, 2025Nov 6, 2025Mar 26, 2026May 18, 2026Aug 6, 2026Nov 11, 2026
EPS Estimate-0.20-0.23-0.51-0.65-0.62-0.65-0.70-0.70-0.65-0.89-0.89-1.03-0.98-1.25-1.28-1.40-1.44-1.45-1.29-1.03-0.87-0.32-0.24-0.16-0.12-0.09-0.020.020.120.070.10-0.06-0.12-0.06-0.05-0.04-0.02-0.08--------------0.110.800.300.20-----------3.00-1.60-0.12-2.10-1.80-0.90-0.11-4.90-4.50-4.20-0.16-5.50-1.20-2.30-0.25-4.90-3.90-3.50-0.20-0.22-0.18-0.10-0.07-----------0.00-0.00-----
EPS Actual-0.18-0.28-0.50-0.60-0.60-0.62-0.68-0.68-0.62-0.89-0.92-0.98-0.93-1.14-1.27-1.40-1.61-1.84-1.33-1.00-0.890.18-0.18-0.41-0.43-0.04-0.040.060.090.070.010.04-0.14-0.03-0.020.24-0.23-0.251.45430.074.56-1.03-13.275.17-10.72-17.12-4.70-7.24-2.38-4.9549.32-17.870.16-0.30-6.601.00-1.11-0.34-0.24-0.790.38-0.26-0.47-0.35-0.41-0.89-0.10-1.81-0.47-4.03-3.58-2.12-0.21-8.03-6.90-5.24-0.50-0.401.78-0.85-0.66-8.485.30-0.96-0.03-0.51-0.27-0.16-0.07-0.18-0.18-0.09-0.09-0.13-0.13-0.09-0.12-0.220.98-1.18-1.13-1.29-1.67-0.71-0.58-1.290.71-
Surprise10.00%-21.74%1.96%7.69%3.23%4.62%2.86%2.86%4.62%0.00%-3.37%4.85%5.10%8.80%0.78%0.00%-11.81%-26.90%-3.10%2.91%-2.30%156.25%25.00%-156.25%-258.33%55.56%-100.00%200.00%-25.00%0.00%-90.00%166.67%-16.67%50.00%60.00%700.00%-1050.00%-212.50%--------------45.45%-137.50%-2300.00%400.00%----------96.67%-13.13%-291.67%-91.90%-98.89%-135.56%-90.91%-63.88%-53.33%-24.76%-212.50%92.73%248.33%63.04%-164.00%-73.06%235.90%72.57%86.60%-131.82%-49.56%-60.00%0.00%-------------------
Timing-----------------------------------------------------After-hoursAfter-hoursAfter-hours---Pre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours---After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hours-After-hoursAfter-hours-After-hours-

Key Statistics & Ratios

Market Cap106.00M
Enterprise Value699.27M
Trailing P/E0.00
Forward P/E4.86
Price / Sales0.07
Price / Book0.74
EPS-1.79
Book Value-18.79
Revenue (TTM)1.52B
Gross Profit (TTM)241.60M
EBITDA94.40M
Profit Margin-1.48%
Operating Margin8.18%
Return on Equity-19.13%
Return on Assets4.28%
Shares Outstanding13.64M
Shares Float4.16M
Beta2.35
Dividend Yield9.62%
Dividend Rate0.78
Payout Ratio0.00%

Ownership Breakdown

Institutions
23.10%
Insiders
62.47%
Retail / Other
14.43%

Top Institutional Holders

  • Whitefort Capital Management, LP.
    743.00K5.45%
  • Jefferies Financial Group Inc
    700.80K5.14%
  • Vanguard Capital Management, LLC
    224.16K1.64%
  • ARENA CAPITAL ADVISORS, LLC
    127.93K0.94%
  • Prescott Group Capital Management LLC
    109.45K0.80%
  • BlackRock Inc
    91.05K0.67%
  • Geode Capital Management, LLC
    89.94K0.66%
  • Schmeidler A R & CO Inc
    61.25K0.45%
  • State Street Corp
    47.76K0.35%
  • Tudor Investment Corp Et AL
    32.79K0.24%
  • Vanguard Fiduciary Trust Co
    32.65K0.24%
  • Bridgeway Capital Management, LLC
    25.00K0.18%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    170.30K1.25%
  • iShares Russell 2000 ETF
    122.14K0.90%
  • Fidelity Small Cap Index
    59.78K0.44%
  • iShares Russell 2000 Growth ETF
    47.24K0.35%
  • Vanguard Russell 2000 ETF
    31.83K0.23%
  • Franklin U.S. Small Cap Equity I
    29.30K0.21%
  • EA Bridgeway Ultra-Small Company Mkt ETF
    24.83K0.18%
  • Fidelity Extended Market Index
    23.14K0.17%

Dividends

20261×
0.78Apr 13, 2026
20211×
1.30Aug 13, 2021
20201×
38.90May 14, 2020
20131×
84.26Aug 28, 2013
20123×
4.96Dec 19, 201224.78Nov 23, 20129.91Jun 28, 2012

Stock Splits

  • Aug 9, 20241:10
  • Mar 5, 2024419:416
  • Oct 8, 20201291:1289