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INNOVATE Corp.

VATE

$5.00 ▼ -0.45 (-8.26%) at close

17 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

INNOVATE Corp. shows mixed fundamentals. Consider comparing against peers in the Industrials sector before making investment decisions.

Market Cap $66.1M

Dividend Yield —

Revenue Growth 12.5% ↗

Op. Margin 2.3% ↘

ROIC -12.4% ↗

FCF / Share $11.09 ↗

Trailing P/E —

Price / Book —

FCF Yield 221.8%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.25B

↑ +12.5% —

Net Income Profit after all expenses

$-60.60M

↓ -75.1% —

Operating Margin Operating profit as % of sales

2.3%

↓ -36.2% 35th

FCF / Share Free cash flow per share

$11.09

↑ +1298.3% —

Long-Term Debt Long-term obligations

$388.70M

↑ +1.9% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↓

Financial Health

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.00 Latest / share

FY 2014

$0.00

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	12.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+151%)	-22.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-544%)	-13.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-362%)	35.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+617%)	68.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1262%)	-33.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-769%)	-45.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1010%)	21.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+319%)	4.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	39.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+680%)	106.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2027%)	135.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2609%)	-11.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-329%)	-10.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-312%)	3.3% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-34%)	—	—
EPS Growth YoY (%)	-57.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	9.4% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	82.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-58.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-168.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	-88.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-108.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	293.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-52.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-75.1% Weak ↓ Weak Declining Year-over-year change in net income	1.7% Caution ↑ Caution Improving Year-over-year change in net income	1.9% Caution ↑ Caution Improving Year-over-year change in net income	84.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-147.3% Weak Weak Year-over-year change in net income	-192.1% Weak Weak Year-over-year change in net income	N/M	N/M	50.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-165.8% Weak ↓ Weak Declining Year-over-year change in net income	-193.8% Weak Weak Year-over-year change in net income	N/M	300.2% Excellent Excellent Year-over-year change in net income	N/M	-102.9% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	N/M	N/M	-91.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-75.9% Weak Weak Year-over-year change in free cash flow	-71.8% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	N/M	N/M	-296.4% Weak Weak Year-over-year change in free cash flow	N/M	-15.3% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-8.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	25.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.0% Good ↑ Good Improving Compound annual revenue growth over 3 years	-15.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-24.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-11.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	20.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	89.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	62.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.1% Excellent Excellent Compound annual revenue growth over 3 years	-6.5% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	11.7% Good ↑ Good Improving Compound annual revenue growth over 5 years	0.6% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-6.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-5.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-8.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	14.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	53.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	44.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	39.8% Excellent Excellent Compound annual revenue growth over 5 years	31.8% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	3.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	1.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	0.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	-0.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	-3.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	-2.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-124%)	-0.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-0.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	0.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-2.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	-17.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-241%)	-3.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-128%)	5.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	-2.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-117%)	—
Effective Tax Rate (%) (%)	-4.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-18.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-13.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-15.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	46.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-26.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-112.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.3% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	65.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.7% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	-4.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-161%)	-3.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	-2.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-2.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	-18.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-336%)	-12.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-260%)	-2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-137%)	8.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-2.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	-6.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-176%)	-3.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	-2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-128%)	48.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+505%)	10.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	-13.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-266%)	-6.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	—
FCF Margin (%) (%)	11.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.6% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-1.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-14.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	3.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-2.42x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.29x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.25x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.73x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.86x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.53x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.29x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.29x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.29x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.53x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%)	-12.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-26.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-18.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	13.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-5.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-62.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-50.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-3.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	12.6% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-44.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-2.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	25.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+68%)	19.2% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	21.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+42%)	29.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+97%)	269.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1699%)	-16.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-210%)	-9.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-160%)	183.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1126%)	-64.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-528%)	-213.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1526%)	-37.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-352%)	-13.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-190%)	205.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1267%)	40.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+171%)	-41.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-375%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	8.79x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1156%)	4.06x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+480%)	3.86x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+451%)	—	1.87x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+166%)	—	—	—
Interest Coverage (x)	0.96x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.82x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.39x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.26x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.18x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.33x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.74x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.02x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.03x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.06x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.34x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4892.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.48x Weak Weak Operating income divided by interest expense Optimal: > 5x	-0.17x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-112.10M	$-48.80M	$-80.80M	$-80.40M	$-45.50M	$-43.80M	$-193.70M	$-325.00M	$-97.90M	$273.33M	$222.99M	$237.74M	$-9.00M	$104.59M	$-41.05M	$-41.53M	$-42.54M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	14.16x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.51x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-63.33x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	3.70x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$94.27	$103.50	$182.20	$211.26	$156.32	$142.52	$240.40	$446.21	$381.80	$418.18	$423.23	$275.33	$164.22	$188.21	$224.25	$290.11	—
Basic EPS, GAAP (USD)	$-4.84	$-3.08	$-4.80	$-5.30	$-29.80	$-18.80	$-7.00	—	—	$-28.30	$-15.00	$-7.20	$79.50	$20.20	$-29.80	$-19.60	—
Free Cash Flow per Share (USD)	$11.09	$-0.93	$1.04	$-3.90	$0.38	$4.63	$19.20	$68.10	$-5.91	$13.45	$-20.35	$13.68	$-23.42	$-5.91	$8.77	$10.35	—
Dividend per Share (USD)	—	—	—	—	—	—	—	—	—	—	$0.00	—	—	$40.90	—	—	—
Book Value per Share (USD)	$-17.58	$-13.70	$-20.89	$-15.40	$-10.83	$72.96	$75.93	$19.62	$16.54	$10.57	$26.68	$37.66	$38.25	$49.16	$68.24	—	—
Tangible Book Value per Share (USD)	$-38.98	$-36.42	$-59.51	$-55.66	$-53.97	$36.06	$6.25	$-67.43	$-39.76	$-22.38	$0.98	$25.90	$35.87	$5.57	$15.91	—	—
Basic Weighted Avg Shares (shares)	13.22M	10.70M	7.81M	7.75M	7.71M	5.03M	4.48M	4.43M	4.28M	3.73M	2.65M	1.97M	1.40M	1.38M	1.30M	972,100	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	—	107.9% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	202.5% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD)	$-582.60M	$-92.10M	$104.10M	$119.20M	$3.10M	$294.10M	—	—	—	—	—	$126.05M	$43.20M	$8.50M	$-7.63M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	$388.70M	$381.61M	$345.72M	—	$127.78M	—	—	—
Total Equity (USD)	$-240.10M	$-180.40M	$-165.50M	$-121.30M	$-84.30M	$559.80M	$349.80M	$88.10M	$73.10M	$44.22M	$94.03M	$89.67M	$54.41M	$68.50M	$93.76M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$1.25B	$1.11B	$1.42B	$1.64B	$1.21B	$716.90M	$1.08B	$1.98B	$1.63B	$1.56B	$1.12B	$543.20M	$230.69M	$260.55M	$291.39M	$282.02M	—
Depreciation Expense (USD)	$30.40M	$32.90M	$36.00M	$42.20M	$37.60M	$26.80M	$8.20M	$38.70M	$36.60M	$28.86M	$30.94M	$8.97M	$23.96M	$43.24M	$65.15M	$68.22M	—
Net Income, GAAP (USD)	$-60.60M	$-34.60M	$-35.20M	$-35.90M	$-227.50M	$-92.00M	$-31.50M	$162.00M	$-46.90M	$-94.55M	$-35.56M	$-12.11M	$111.61M	$27.89M	$-38.73M	$-19.09M	—
Operating Cash Flow (USD)	$146.60M	$9.10M	$26.50M	$-9.50M	$27.00M	$41.10M	$110.70M	$341.40M	$6.60M	$79.15M	$-32.56M	$32.81M	$-20.32M	$23.57M	$42.93M	$36.48M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 17 years · 65 quarters

INNOVATE Corp.

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