INNOVATE (VATE) & Its Rivals Head to Head Comparison

Profitability

This table compares INNOVATE and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
INNOVATE	-3.91%	N/A	-4.69%
INNOVATE Competitors	-24.47%	-40.66%	-9.10%

Earnings & Valuation

This table compares INNOVATE and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
INNOVATE	$1.11 billion	-$34.60 million	-1.58
INNOVATE Competitors	$13.28 billion	$969.16 million	42.62

INNOVATE’s rivals have higher revenue and earnings than INNOVATE. INNOVATE is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Volatility & Risk

INNOVATE has a beta of 1.78, suggesting that its share price is 78% more volatile than the S&P 500. Comparatively, INNOVATE’s rivals have a beta of 0.80, suggesting that their average share price is 20% less volatile than the S&P 500.

Insider & Institutional Ownership

34.3% of INNOVATE shares are held by institutional investors. Comparatively, 44.2% of shares of all “DIVERSIFIED OPS” companies are held by institutional investors. 55.5% of INNOVATE shares are held by company insiders. Comparatively, 28.6% of shares of all “DIVERSIFIED OPS” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

INNOVATE beats its rivals on 5 of the 9 factors compared.

About INNOVATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. 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; and 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. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and customized products. The 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; 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.