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Buy Day today: Good (62) Broad market participation · no major macro event
VATE

Innovate Corp

Industrials · Engineering & Construction · listed since 2009

7.90$ +4.8% vs. previous close Closing price · As of: Sep 17, 2026
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Assessment

Our Rating

A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.

Substance risk

We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.

Why this colour

Red here is about the capital structure, not the operating business. The Infrastructure segment is healthy and growing: $1,210.3 million of segment revenue, $55.4 million of operating income, and consolidated revenue up 33 percent in the first quarter of 2026. Above it, however, sits a holding company that consumes all of it. Interest expense of $89.0 million is more than three times consolidated operating income of $28.7 million and rose $14.5 million within a year. Equity attributable to INNOVATE shareholders stands at minus $240.1 million and has deteriorated by nearly $60 million. Interest is largely not paid in cash but capitalized — in the first quarter of 2026 alone that lifted holding company debt from $481.9 million to $503.3 million, while the main subsidiary's annual dividend amounts to roughly $11 million. In 2027, $489.4 million falls due, and $610.8 million of $699.0 million of total debt is already reported as current because mandatory prepayment clauses could be triggered by asset sales. The Altman Z score of -3.10 in our data set (recomputed -0.11) sits far below the Z-double-prime distress threshold of 1.1, but mainly reflects the negative equity and is only a rough pointer at a holding company with separated financing levels. What matters are the three documented relationships: interest against operating income, dividend inflow against debt growth, and the 2027 maturity wall against a market capitalization of $113.8 million.

What the thesis turns on

Assessment: Opportunities & Risks

INNOVATE is a holding company whose consolidated figures say almost nothing about the value of the stock: 97 percent of revenue comes from structural steel, operating income of $28.7 million is buried under $89.0 million of interest expense, and shareholders' equity stands at minus $240.1 million. The scanner hook fails twice over — the underlying market capitalization is more than double the real one, and the cash flow comes almost entirely from working capital swings. $489.4 million falls due in 2027. Not investment advice.

Strength of the scanner hook

The stored P/FCF of 1.4604 rests on a market capitalization of $256 million; computed independently it is $113.8 million (13,641,866 shares × $8.34). More importantly the cash flow figure does not hold: of $146.6 million of operating cash flow, $151.2 million came from working capital swings, ongoing operations delivered minus $4.6 million, and minus $30.7 million after capital spending.

Operations of the Infrastructure segment

DBM Global is a real, growing structural steel business: $1,210.3 million of segment revenue and $55.4 million of operating income in 2025, with consolidated revenue up 33 percent to $364.8 million in the first quarter of 2026 and operating income up from $3.4 million to $10.0 million. This segment's debt ($76.6 million) does not mature until 2030.

Capital structure

Interest expense of $89.0 million exceeds consolidated operating income of $28.7 million by more than three times and rose $14.5 million year over year. Equity attributable to INNOVATE shareholders stands at minus $240.1 million and deteriorated by nearly $60 million within a year. Of $699.0 million of total debt, $610.8 million counts as current.

Cash reaching the holding company

The holding company lives on distributions from its subsidiaries. The DBM Global dividend announced in July 2026 brings it roughly $11 million. Over the same period, parent-level debt grew from $481.9 million to $503.3 million purely through capitalized interest — $21.4 million in a single quarter. One note carries 16.0 percent, and nothing was paid on it in cash during the quarter.

Refinancing in 2027

$489.4 million falls due in 2027 — the 10.50 percent notes on February 1, the 9.50 percent convertible notes on March 1, the CGIC note on April 30. Against that stands a market capitalization of $113.8 million and consolidated operating income of $28.7 million. Proceeds from asset sales flow contractually to creditors first.

Portfolio restructuring

The merger agreement of May 29, 2026 hands the loss-making broadcasting segment to CONX Corp.; INNOVATE keeps 25 percent of the surviving entity and CONX commits $75 million of equity. That is strategically sound but depends on FCC approvals. If closing fails, the $105 million bridge facility must be repaid at a minimum return of 1.50 to 1.00 — roughly $158 million.

Worth Noting

Hook: price-to-free-cash-flow ranking, stored P/FCF 1.4604 → rank 27 of 545 U.S. hits, data as of July 27, 2026. Only the 25 strongest hits are visible; the last displayed row carries 1.4, and INNOVATE sits two rows behind it, findable through the screener. On the German brand the same scanner additionally covers European names (836 hits in total), which does not change its U.S. position. No tie at the rank position. All lists are recomputed daily.

Identity: verified through company_tickers.json and the 10-Q cover page, not through the company name. CIK 0001006837. Former names: Primus Telecommunications Group (until 2013), PTGi Holding (2013–2014), HC2 Holdings (2016–2021); filings still carry the "hchc" prefix. Our data set stores a different identifier (0001652226), which was not used for this research.

Market capitalization computed independently rather than taken from the data set: 13,641,866 common shares (10-Q cover page, May 11, 2026) × $8.34 (close of July 24, 2026) = $113.8 million. The data set holds $256 million. Cross-check: $256.0 million divided by trailing four-quarter free cash flow ($175.3 million) gives exactly 1.4604 — the stored scanner value. With the independently computed market capitalization it would be 0.65; the data error therefore makes the stock look more expensive, not cheaper.

Reverse split: 1-for-10 in August 2024 following the NYSE minimum price notice of February 26, 2024. The price history available to us is NOT adjusted (August 8, 2024: $0.53; August 9, 2024: $4.79). We therefore deliberately make no claim about all-time highs and quote only the 52-week range of $3.98 to $20.06, which lies entirely after the split.

Further discrepancies against the data set: Piotroski 7 stored against 4 recomputed; Altman Z -3.10 against -0.11; equity ratio empty in the data set, recomputed at -24.3 percent; price-to-earnings, price-to-book, interest coverage and debt-to-equity likewise empty. All statements in this analysis rest on the original figures in the SEC filings.

Recency gate: the most recent periodic report is the 10-Q for the period ended March 31, 2026 (filed May 14, 2026). All 3 filings after it were read in full — 8-K dated June 1, 2026 (CONX merger agreement, $105 million bridge facility, supplemental indentures, option agreements), 8-K dated June 11, 2026 (annual meeting) and 8-K dated July 8, 2026 (DBM Global dividend). No current Form 25, no Form 15, no NT 10-K; the 2013 to 2020 items concern predecessor entities.

Read the Full Deep Dive INNOVATE Stock: $1.25 Billion of Revenue, $114 Million of Market Cap — and Why That Is Still Not a Bargain INNOVATE Corp. is a holding company with three very different segments and sits in our price-to-free-cash-flow ranking at 1.46 (data as of July 27, 2026). We read the 2025 annual report (10-K), the quarterly report (10-Q) for the period ended March 31, 2026 and every filing through July 2026, and computed the market capitalization ourselves. The result: 97 percent of revenue comes from structural steel, $89 million of interest buries $28.7 million of operating income, and shareholders' equity stands at minus $240 million. Here is why, at a holding company, the sum is never the whole. Read the analysis →

Stock Watch

This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at VATE since then.

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Price history

Chart

Interactive price chart (TradingView).

52-week range: 4.00 $ to 20.10 $ · Last price: 7.90 $ (As of: September 17, 2026)

Key figures

Key figures at a glance

Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.

Basics

Market Cap ?The value of the entire company on the market: share price times total shares outstanding. 0.1$B
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 14m
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 30.5%
Beta ?Volatility versus the overall market: 1 = moves like the market, 2 = twice as much, under 1 = calmer than the market. 2.3

Performance

Perf. 1M ?Price performance over the last month. 27.20%
Perf. 3M ?Price performance over the last 3 months. 339.10%
Perf. 6M ?Price performance over the last 6 months. 296.00%
YTD Performance (%) ?Price performance since the start of the year (Year to Date). 341.80%
52-Week-High Distance ?How far the price sits below its highest point over the last 52 weeks. 0% means the stock is at its year high. -12.9%
Perf. 1Y ?Price performance over the last 12 months. 82.06%
Perf. 3Y ?Price performance over the last 3 years. -50.01%
Perf. 5Y ?Price performance over the last 5 years. -76.50%
Perf. 10Y ?Price performance over the last 10 years. -80.37%
Perf. Since Inception ?Price performance since the first available trading day (07/13/2009) — with a complete history, that is since the IPO. -69.74%

Technical Indicators

MA 38 Days ?Moving average of the last 38 trading days: the smoothed price path. A price above it signals short-term strength. 7.70$
MA 50 Days ?Moving average of the last 50 trading days — the most widely watched medium-term trend line. 8.00$
MA 200 Days ?Moving average of the last 200 trading days — the dividing line between a long-term uptrend and downtrend. 8.60$
RSI (14) ?Relative Strength Index over 14 days, scale 0 to 100: above 70 counts as overbought, below 30 as oversold. A hint on timing, not a verdict on the company. 51.4
Volatility 30 Days ?Price swings over the last 30 trading days, annualized. The higher the value, the more the price fluctuates. 219.3%
Volatility 250 Days ?Price swings over the last 250 trading days (roughly one market year), annualized. 111.5%

Calculated from the price history · as of 09/18/2026

Valuation

P/E ?Price-to-earnings ratio: how many years of profit does the stock cost? The lower, the cheaper the valuation. No earnings means no P/E. –
Forward P/E ?P/E based on expected earnings for the next 12 months instead of past earnings — analysts' bet on the future. 4.9
PEG ?P/E divided by expected earnings growth: puts valuation in relation to growth. Around 1 is considered fair, well above that is pricey. –
P/B ?Price-to-book ratio: market value relative to book equity. –
P/S ?Price-to-sales ratio: market value divided by annual sales. Important for companies that aren't (yet) profitable. 0.1
EV/EBITDA ?Enterprise value including debt (EV) relative to operating profit before depreciation and amortization (EBITDA) — more comparable than P/E because debt counts too. Extreme values arise when EBITDA is near zero. 6.0
Price/FCF ?Market value divided by free cash flow: how many years of freely available cash does the stock cost? More honest than P/E because cash flow is harder to dress up. 0.9

Profitability

Gross Margin ?Gross margin: what's left of sales after only direct production costs are deducted — the product's pricing power. 15.9%
EBIT Margin ?EBIT margin: operating profit as a percentage of sales — the earning power of the core business before interest and taxes. –
Net Margin ?Net margin: what's left of sales as profit after ALL costs, interest, and taxes. -1.5%
Return on Equity ?Return on equity: how much profit does the company generate per year on shareholders' equity? -19.1%
Return on Assets ?Return on assets: how much profit the company generates from its total assets (equity and debt combined). 4.3%

Balance Sheet & Safety

Equity Ratio ?Equity ratio: equity as a share of total assets. The higher, the more resilient the balance sheet. –
Debt/Equity ?Leverage ratio: financial debt divided by equity. Under 1 is generally seen as solid; negative values mean negative equity. –
Altman Z″ ?Edward Altman's bankruptcy early-warning score. We use the Z″ variant, built from four balance-sheet ratios — it is designed for service companies and non-manufacturers and uses book value instead of market value. On that scale: below 1.1 = danger zone, 2.6 and up = safe zone, in between a grey area. Because the classic Altman Z is calculated differently, the two numbers are not directly comparable. The formula does not fit banks, insurers, or real-estate stocks. warning zone -3.10
Piotroski ?Balance-sheet health check by Joseph Piotroski: 9 yes/no criteria on profit, cash flow, leverage, and efficiency. 7+ is very solid, under 3 is a red flag. 7 out of 9

Growth

Sales Growth Last Quarter ?Sales growth in the most recently reported quarter versus the same quarter a year ago (YoY). 33.00%
EPS Growth Last Quarter ?Growth in earnings per share in the most recently reported quarter versus the same quarter a year ago (YoY). 0.00%
Sales Growth (Year) ?Sales growth in the last fiscal year versus the year before. 12.55%
Forward Sales Growth ?Sales growth analysts expect over the next 12 months — an estimate, not a guarantee. 7.00%
Forward EPS Growth ?Earnings-per-share growth analysts expect over the next 12 months — an estimate, not a guarantee. –

Dividend

Dividend Yield ?Annual dividend divided by the current price: what percentage of your investment comes back as a payout each year. 9.62%
Dividend Per Share (TTM) ?Sum of dividends paid per share over the last 12 months. 0.78$
Payout Ratio ?Share of profit paid out as dividends. Over 100% means the company is paying out more than it earns — not sustainable long-term. 0.0%
Years Without a Cut ?How many years in a row the dividend hasn't been cut — a measure of reliability. 0Years
Increase Streak ?How many years in a row the dividend has been raised — the gold standard for dividend payers. 0Years

Quality & Screener

Stage ?Weinstein phases 1 through 4: 1 = basing, 2 = uptrend (the only buy phase), 3 = topping, 4 = downtrend. Measured against the 30-week line. 2
RS Rating ?Relative strength from 1 to 99: an RS of 95 means the stock has outperformed 95% of all stocks. Top 10% 99
EPS Rating ?Earnings growth rating from 1 to 99 versus all stocks — high values mean above-average earnings growth. 42
Fundamental Rating ?Our own Fundamental Rating: 0 to 100 points with an A+ to F grade. 50 points is the average across the universe, 100 the best possible score. It scores growth, earnings surprises, analyst estimates, margins, cash flow, and balance-sheet safety — every stock percentile-ranked against all others. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below. C (51 out of 100)

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Comparison

Industry comparison

The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.

Industry: Engineering & Construction

Industry comparison
Company Market cap ($B) P/E EV/EBITDA Gross Margin % EBIT Margin % Sales Growth (Year) % Perf. 1Y %
Innovate Corp VATE 0.1 – 6.0 15.9 – 12.6 82.1
Quanta Services Inc PWR 97.5 80.3 33.7 15.5 4.2 19.8 64.1
Comfort Systems USA Inc FIX 60.0 41.7 29.0 25.7 7.9 29.5 106.7
EMCOR Group Inc EME 32.5 22.3 15.2 19.4 8.7 16.6 19.7
Jacobs Solutions Inc. J 16.7 43.2 21.8 22.1 -0.9 4.6 -1.1
MasTec Inc MTZ 16.7 42.4 16.9 12.9 3.7 16.2 7.5
Api Group Corp APG 16.5 – 20.3 31.4 7.3 12.7 6.7
Sterling Construction Company Inc STRL 16.2 41.9 20.2 23.8 17.2 17.7 51.1
Topbuild Corp BLD 12.2 24.0 12.9 29.0 12.2 1.5 2.7
Median of companies shown 16.7 41.9 20.2 22.1 7.6 16.2 19.7

Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →

Fiscal years

Annual Figures

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

Revenue, operating income and net income per fiscal year $M

Revenue Operating income Net income

2016 · Revenue: 1,558 $M 2016 · Operating income: -1 $M 2016 · Net income: -105 $M 2017 · Revenue: 1,634 $M 2017 · Operating income: -1 $M 2017 · Net income: -50 $M 2018 · Revenue: 1,977 $M 2018 · Operating income: -56 $M 2018 · Net income: 139 $M 2019 · Revenue: 1,077 $M 2019 · Operating income: 25 $M 2019 · Net income: -32 $M 2020 · Revenue: 717 $M 2020 · Operating income: -28 $M 2020 · Net income: -92 $M 2021 · Revenue: 1,205 $M 2021 · Operating income: -11 $M 2021 · Net income: -228 $M 2022 · Revenue: 1,637 $M 2022 · Operating income: 13 $M 2022 · Net income: -36 $M 2023 · Revenue: 1,423 $M 2023 · Operating income: 27 $M 2023 · Net income: -35 $M 2024 · Revenue: 1,107 $M 2024 · Operating income: 40 $M 2024 · Net income: -35 $M 2025 · Revenue: 1,246 $M 2025 · Operating income: 34 $M 2025 · Net income: -61 $M
2016201720182019202020212022202320242025
Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 1,558 -1 -105 -2.82 79 70 2,835
2017 1,634 -1 -50 -11.61 6 73 3,218
2018 1,977 -56 139 29.70 341 88 6,504
2019 1,077 25 -32 -7.03 111 360 6,958
2020 717 -28 -92 -18.29 41 570 6,724
2021 1,205 -11 -228 -29.51 27 -84 1,081
2022 1,637 13 -36 -4.63 -10 -104 1,152
2023 1,423 27 -35 -4.47 27 -166 1,044
2024 1,107 40 -35 -2.64 9 -180 891
2025 1,246 34 -61 -4.58 147 -231 950

Quarters

Quarterly Figures

Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.

These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.

The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 236.6 $M Q4 2025: Q1 · 274.2 $M Q1 2025: Q2 · 242.0 $M Q2 2025: Q3 · 347.1 $M Q3 2025: Q4 · 382.7 $M Q4 2026: Q1 · 364.8 $M Q1 2026: Q2 · 421.6 $M Q2

Source: fundamental data

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 -1.22 – 237 -34.50 -7.00 41 34
2025: Q1 -1.80 – 274 -13.00 -8.90 -14 -19
2025: Q2 -1.45 -237.50 242 -22.70 -8.20 40 34
2025: Q3 -0.65 – 347 43.30 -2.60 19 11
2025: Q4 -0.54 – 383 61.70 -1.90 101 94
2026: Q1 -1.23 – 365 33.00 -4.60 46 36
2026: Q2 0.71 149.00 422 74.20 2.50 -25 -25

What Do These Terms Mean?

EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Compare with other stocks →

Screening

Appears in These Scanners

This stock currently matches 9 of our scanner strategies — each hit links to the scanner.

Momentum & Trend

Research

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners

Valuation

What is priced in?

Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.

With these assumptions (discount rate 10.0%, terminal growth 2.5%), no growth rate between -20.0% and 60.0% per year explains today’s market value — the reverse calculation yields no meaningful figure here.

What is priced in?
Free cash flow (last twelve months) $142.0M
Market cap $109.0M
Free cash flow in year ten –
Terminal value as a share of market value –

For comparison: over the past five years free cash flow grew by 38.9% per year.

It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.

A simplified model calculation — not a forecast and not a recommendation.

AI classification

AI Rating

Threatened

INNOVATE nennt kuenstliche Intelligenz im Geschaeftsbericht 2025 ausschliesslich als Risiko: ein Zurueckbleiben hinter dem KI-Einsatz der Wettbewerber koenne die eigene Wettbewerbsfaehigkeit beeintraechtigen, verschaerfte Regulierung zusaetzliche Kosten verursachen, und ein unsachgemaesser KI-Einsatz durch Personal oder Partner die eigenen Schutzrechte gefaehrden. Es gibt keinen KI-Umsatz und keinen Beleg fuer nennenswerten eigenen operativen Einsatz.

View the full file — quotes, sources, reviewed filings
„Failure to keep up with the potential increased use of AI by competitors could have adverse effects on our competitiveness in the markets that we operate, and heightened government scrutiny and regulation surrounding AI, including generative AI, could lead to increased or added compliance and regulatory costs."

Ein Zurueckbleiben hinter dem moeglicherweise zunehmenden KI-Einsatz unserer Wettbewerber koennte sich nachteilig auf unsere Wettbewerbsfaehigkeit in den Maerkten auswirken, in denen wir taetig sind, und eine verschaerfte staatliche Aufsicht und Regulierung rund um KI, einschliesslich generativer KI, koennte zu erhoehten oder zusaetzlichen Compliance- und Regulierungskosten fuehren.

10-K · 2026-03-26 · View SEC filing

„Increased adoption of artificial intelligence and government regulation could create additional costs ."

Eine zunehmende Verbreitung kuenstlicher Intelligenz und staatliche Regulierung koennten zusaetzliche Kosten verursachen.

10-K · 2026-03-26 · View SEC filing

„If we and our investees fail to protect our intellectual property rights adequately, including through the improper use of AI by our personnel or business partners, our competitors might gain access to our or our investees' technology, and our business might be harmed."

Wenn wir und unsere Beteiligungen unsere Schutzrechte nicht ausreichend schuetzen, unter anderem durch unsachgemaessen KI-Einsatz unseres Personals oder unserer Geschaeftspartner, koennten unsere Wettbewerber Zugang zu unserer Technologie oder der unserer Beteiligungen erlangen, und unser Geschaeft koennte Schaden nehmen.

10-K · 2026-03-26 · View SEC filing

Filings Reviewed: 10-K 2026-03-26 · 10-Q 2026-05-14 · 10-Q 2025-11-12 · 10-Q 2025-08-05 · 10-Q 2025-05-06 · 10-K 2025-03-31

Rated on July 27, 2026 · How the Rating Is Built

Growth

Growth Score

Ten checks against the annual reports — each one passed counts a point.

2 of 10 Weak growth
  • Revenue grows by more than 15% a year over three years -8.7%
  • More than 10% revenue growth is expected for the coming year 7.0%
  • Share count grows by less than 3% a year 19.5%
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 22.2%
  • Gross margin at 40% or higher and without meaningful erosion 14.6%
  • Goodwill from acquisitions does not grow faster than revenue 13.4%
  • Net debt below twice EBITDA 10.5 x EBITDA
  • Operating cash flow covers the profits of the last three years 313 m
  • Return on capital at 15% or higher, or up versus two years ago no data
  • Insiders hold at least 10% or are net buyers 60.3%

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Quality check

AAQS

0/10

The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).

  • Sales growth 10Y > 5% -2.5%
  • Exp. sales growth 3Y > 5% –
  • EBIT growth 10Y > 5% –
  • Exp. EBIT growth 3Y > 5% –
  • Net debt < 4x EBIT 17.7x
  • EBIT positive, 10Y straight 5
  • Max. EBIT decline < 50% 100.0%
  • Return on equity > 15% –
  • ROCE > 15% –
  • Expected return > 10% –

View stocks with the full AAQS score · Read the methodology at AlleAktien

Source: fundamental data

Insiders

Insider Transactions

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

Insider Transactions
Date Person Role Type Shares Price Value
Aug 12, 2026 Voigt Paul Interim CEO Other 60,643 7.62 462,154
Aug 11, 2026 Sena Michael J. CFO and Corporate Secretary Other 15,576 0.00 –
Aug 11, 2026 Voigt Paul Interim CEO Other 133,511 0.00 –
Aug 11, 2026 Gfeller Warren H Director Other 12,016 0.00 –
Aug 11, 2026 Goldstein Brian Steven Director Other 12,016 0.00 –
Aug 11, 2026 Wilkinson Amy Marie Director Other 12,016 0.00 –
Aug 11, 2026 Glazer Avram A Director Other 12,016 0.00 –

View all insider transactions →

The company

About the Company

INNOVATE Corp. ist über seine Tochtergesellschaften in den Bereichen Infrastruktur, Life Sciences und Spektrum in den USA tätig.

Employees
3,587
Headquarters
New York, NY
Address
295 Madison Avenue, 10017 New York, United States
Phone
212 235 2691
IPO Date
07/13/2009
ISIN
US45784J3032
Stock Split
1:10 on 08/09/2024
Stock Split
419:416 on 03/05/2024
Stock Split
1291:1289 on 10/08/2020

Management

Management
Name Title Birth Year
Paul Kenneth Voigt Interim Chief Executive Officer 1959
Michael J. Sena CPA CFO, Treasurer & Corporate Secretary 1973
Anthony Rozmus Investor Relations Officer –

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Filings

Company Filings (8-K)

An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).

  • 09/02/2026 INNOVATE Corp. (VATE): Entry into a Material Definitive Agreement; Termination of a Material Definitive Agreement; Completion of Acquisition or Disposition of Assets; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
  • 08/18/2026 INNOVATE Corp. (VATE): Other Events; Financial Statements and Exhibits SEC ↗
  • 08/10/2026 INNOVATE Corp. (VATE): Entry into a Material Definitive Agreement; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
  • 08/06/2026 INNOVATE Corp. (VATE): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
  • 08/03/2026 INNOVATE Corp. (VATE): Entry into a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
  • 07/08/2026 INNOVATE Corp. (VATE): Other Events SEC ↗

Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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