INNOVATE Corp.
VATE
Rank in Stocks
#21063
INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously... INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.
Share Price
$5.42
Last synced: 2026-11-09
Market Cap
$73.94M
Change (1 day)
3.04%
Change (1 year)
-1.45%
Country
Stock data: Financial Modeling PrepΒ·Updated Β·Not investment adviceΒ·How we calculate this
Trade INNOVATE Corp. (VATE)
Category
Industrials
Operating Margin for INNOVATE Corp. (VATE)
Operating Margin as of November 2026 TTM: 4.48%
According to INNOVATE Corp.'s latest financial reports, its current operating margin (TTM) is 4.48%. At the end of 2025 the company had an operating margin of 2.74%.
Operating Margin history for INNOVATE Corp. from 2000 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 4.48% | 63.50% |
| 2025 | 2.74% | -24.10% |
| 2024 | 3.61% | 94.09% |
| 2023 | 1.86% | 126.83% |
| 2022 | 0.82% | -193.18% |
| 2021 | -0.88% | -77.72% |
| 2020 | -3.95% | -268.09% |
| 2019 | 2.35% | -183.33% |
| 2018 | -2.82% | 3,928.57% |
| 2017 | -0.07% | -22.22% |
| 2016 | -0.09% | -145.00% |
| 2015 | 0.20% | -107.52% |
| 2014 | -2.66% | -84.33% |
| 2013 | -16.97% | 411.14% |
| 2012 | -3.32% | -357.36% |
| 2011 | 1.29% | -21.82% |
| 2010 | 1.65% | -56.69% |
| 2009 | 3.81% | -12.01% |
| 2008 | 4.33% | 24.78% |
| 2007 | 3.47% | -116.49% |
| 2006 | -21.04% | 212.63% |
| 2005 | -6.73% | -332.87% |
| 2004 | 2.89% | -46.58% |
| 2003 | 5.41% | -1,790.63% |
| 2002 | -0.32% | -99.48% |
| 2001 | -62.11% | 560.04% |
| 2000 | -9.41% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 6.81% | -98.48% |
US
|
|
| 12.24% | -97.27% |
FR
|
|
| 8.20% | -98.17% |
IN
|
|
| 10.42% | -97.67% |
NL
|
|
| 16.70% | -96.27% |
US
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.
Questions about INNOVATE Corp.'s operating margin
What is INNOVATE Corp.'s operating margin?
INNOVATE Corp.'s operating margin is 4.48%, as of Nov 2026.
What was INNOVATE Corp.'s operating margin in 2025?
In 2025, INNOVATE Corp.'s operating margin was 2.74%, compared with 3.61% in 2024.
How has INNOVATE Corp.'s operating margin changed since 2020?
From 2020 to 2025, INNOVATE Corp.'s operating margin was highest in 2024 (3.61%) and lowest in 2020 (-3.95%).
How does INNOVATE Corp.'s operating margin compare with similar companies?
INNOVATE Corp.'s operating margin (4.48%) is lower than that of all 5 similar companies listed above. The highest among them is Comfort Systems USA, Inc., with 16.70%.