INNOVATE Corp. VATE
NYSE · XNYS · stock · Fabricated Structural Metal Products
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3/9
Piotroski F — financial health
-6.03
Altman Z″ — distress risk · distress
-3.6%
Dividend payout · safe
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | $1.2B | -$60.6M | $199.7M | — | -$240.1M |
| 2024 | $1.1B | -$34.6M | $208.8M | -$9.9M | -$159.3M |
| 2023 | $1.4B | -$35.2M | $216.0M | $8.1M | -$151.7M |
| 2022 | $1.6B | -$35.9M | $221.4M | -$30.2M | -$90.6M |
| 2021 | $1.2B | -$227.5M | $183.7M | $2.9M | -$56.2M |
| 2020 | $716.9M | -$92.0M | $128.4M | -$73.0M | $600.2M |
Why these scores methodology →
Piotroski F-score: 3/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -6.03 (distress)
- Working capital / assets -0.613
- Retained earnings / assets -0.613
- EBIT / assets 0.03
- Equity / liabilities -0.206
Source: SEC EDGAR filings · CIK 0001006837 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.