INNOVATE Corp.

INNOVATE Corp.

VATE·NYSE

$17.13

+11%
IndustrialsEngineering & Construction

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in 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. The company also fabricates trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations and Azteca America, a Spanish-language broadcast network. 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.

At a Glance

Live Snapshot
Market Cap$233.69M
EPS-4.8400
P/E Ratio-3.54
Earnings Date08/05/2026

vate

Operating Cash Flow

Last Annual Value

146.60M

3-Year CAGR

159%

5-Year CAGR

29%

10-Year CAGR

21%

INNOVATE Corp.

INNOVATE Corp. Competitors Analysis of Operating Cash Flow

VATE · NYSE
CompanyOperating Cash Flow
CAGR 3Y
CAGR 5Y
CAGR 10Y
146.60M
76.9%10.4%6.4% 
TISI logo
Team, Inc.
NYSE:TISI
-11.35M
N/AN/AN/A
AIRT logo
Air T, Inc.
NASDAQ:AIRT
23.50M
11.6%N/A22.0%
34.24M
N/A-23.8%-10.6%
NEOV logo
NeoVolta Inc.
NASDAQ:NEOV
-4.43M
N/AN/AN/A
4.12M
N/AN/A-9.6%
-7.18M
N/AN/AN/A
-72.22M
N/AN/AN/A
-5.63M
N/AN/AN/A
-65.11M
N/AN/AN/A
INNOVATE Corp.

INNOVATE Corp. Fair Value Envelope

VATE · NYSE

Our analysis suggests that VATE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $17.13, this represents a potential HIDDEN relative to our calculated worth for INNOVATE Corp..

Intrinsic Value
Current Price: $17.13