Stocktoria
INNOVATE Corp. VATE
INNOVATE Corp. (VATE) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It pays a dividend yielding 0.93% (safety: safe). FY2025 revenue was $1.2B at a -4.9% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- 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″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.613 |
| Retained earnings / assets | -0.613 |
| EBIT / assets | 0.03 |
| Equity / liabilities | -0.206 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| VATE | INNOVATE Corp. | 3/9 | -6.04 | — | +12.5% |
| PRLB | Proto Labs Inc | 6/9 | 10.59 | 90.4 | +6.4% |
| TPCS | TECHPRECISION CORP | 5/9 | -1.18 | — | -7% |
| ACA | Arcosa, Inc. | 7/9 | 3.06 | 34 | +12.2% |
| VMI | VALMONT INDUSTRIES INC | 5/9 | 6.8 | 30.8 | +0.7% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
| TM | TOYOTA MOTOR CORP/ | 7/9 | 2.55 | — | -1% |
About INNOVATE Corp.
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. 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; 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; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its 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. 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.
FAQ
Is VATE financially healthy?
INNOVATE Corp.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does VATE pay a dividend, and is it safe?
Yes. INNOVATE Corp. pays a dividend yielding about 0.93% with a -3.6% payout ratio, rated “safe” for safety.
How profitable is VATE?
In FY2025, INNOVATE Corp. had a net margin of -4.9%.
Is VATE a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on INNOVATE Corp.: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone, a dividend yield of 0.93%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.