About innovate - VATE
INNOVATE Corp. is a diversified holding company, which engages in the acquisition and investment of assets. It operates through the following segments: Infrastructure, Life Sciences, Spectrum, and Other. The Infrastructure segment consists of DBM Global Inc. and its wholly owned subsidiaries. DBMG is a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services. The Life Sciences segment refers to Pansend Life Sciences LLC, its subsidiaries, and its equity investments. The Spectrum segment focuses on HC2 Broadcasting Holdings Inc. and its subsidiaries. The Other segment represents all other businesses or investments that do not meet the definition of a segment individually or in aggregate. The company was founded in 1994 and is headquartered in New York, NY.
VATE At a Glance
INNOVATE Corp.
295 Madison Avenue
New York, New York 10017
| Phone | 1-212-235-2691 | Revenue | 1.25B | |
| Industry | Engineering & Construction | Net Income | -60,600,000.00 | |
| Sector | Industrial Services | 2025 Sales Growth | 12.546% | |
| Fiscal Year-end | 12 / 2026 | Employees | 3,738 | |
| View SEC Filings |
VATE Valuation
| P/E Current | N/A |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | N/A |
| Price to Sales Ratio | 0.048 |
| Price to Book Ratio | N/A |
| Price to Cash Flow Ratio | 0.41 |
| Enterprise Value to EBITDA | 10.68 |
| Enterprise Value to Sales | 0.554 |
| Total Debt to Enterprise Value | 1.04 |
VATE Efficiency
| Revenue/Employee | 333,333.333 |
| Income Per Employee | -16,211.878 |
| Receivables Turnover | 4.025 |
| Total Asset Turnover | 1.353 |
VATE Liquidity
| Current Ratio | 0.437 |
| Quick Ratio | 0.421 |
| Cash Ratio | 0.108 |
VATE Profitability
| Gross Margin | 14.623 |
| Operating Margin | 2.745 |
| Pretax Margin | -4.936 |
| Net Margin | -4.864 |
| Return on Assets | -6.583 |
| Return on Equity | N/A |
| Return on Total Capital | -12.451 |
| Return on Invested Capital | -44.526 |
VATE Capital Structure
| Total Debt to Total Equity | N/A |
| Total Debt to Total Capital | 147.421 |
| Total Debt to Total Assets | 75.518 |
| Long-Term Debt to Equity | N/A |
| Long-Term Debt to Total Capital | 25.313 |