INNOVATE Past Earnings Performance
Past criteria checks 0/6
INNOVATE has been growing earnings at an average annual rate of 4.2%, while the Construction industry saw earnings growing at 16.2% annually. Revenues have been growing at an average rate of 11.3% per year.
Key information
4.2%
Earnings growth rate
14.7%
EPS growth rate
| Construction Industry Growth | 20.2% |
| Revenue growth rate | 11.3% |
| Return on equity | n/a |
| Net Margin | -2.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation
Jul 06Best New Idea For 2023: Innovate
Jan 25Innovate GAAP EPS of -$0.09, revenue of $423M
Nov 02Innovate GAAP EPS of -$0.18, revenue of $392.2M
Aug 03Breaking Down Innovate's Potential
Oct 27HC2 Holdings: A Granular Assessment
Jun 27HC2 Holdings reports Q1 results
May 07These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively
Apr 13
HC2 Holdings Simplification Process Could Lead To Rerate
Feb 01HC2 to sell clean energy business for $169M
Dec 31HC2's insurance segment to be acquired by Continued General
Dec 10The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares
Dec 10
HC2 owner acquires additional shares
Dec 09HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock
Dec 03HC2 Holdings appoints CEO
Nov 30Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?
Nov 26How Much Did HC2 Holdings'(NYSE:HCHC) Shareholders Earn From Share Price Movements Over The Last Five Years?
Nov 25Revenue & Expenses Breakdown
How INNOVATE makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 1,232 | -31 | 159 | 0 |
| 30 Jun 24 | 1,365 | -23 | 166 | 0 |
| 31 Mar 24 | 1,420 | -40 | 164 | 0 |
| 31 Dec 23 | 1,423 | -38 | 166 | 0 |
| 30 Sep 23 | 1,471 | -35 | 170 | 0 |
| 30 Jun 23 | 1,519 | -34 | 172 | 0 |
| 31 Mar 23 | 1,542 | -37 | 173 | 0 |
| 31 Dec 22 | 1,637 | -41 | 174 | 0 |
| 30 Sep 22 | 1,623 | -39 | 176 | 0 |
| 30 Jun 22 | 1,595 | -45 | 174 | 0 |
| 31 Mar 22 | 1,446 | -53 | 172 | 0 |
| 31 Dec 21 | 1,205 | -80 | 166 | 0 |
| 30 Sep 21 | 988 | -88 | 157 | 0 |
| 30 Jun 21 | 764 | -101 | 147 | 0 |
| 31 Mar 21 | 702 | -74 | 144 | 0 |
| 31 Dec 20 | 717 | -46 | 146 | 0 |
| 30 Sep 20 | 260 | -64 | 143 | 0 |
| 30 Jun 20 | 517 | -46 | 160 | 0 |
| 31 Mar 20 | 815 | -35 | 169 | 0 |
| 31 Dec 19 | 1,077 | -18 | 177 | 0 |
| 30 Sep 19 | 1,881 | -1 | 198 | 0 |
| 30 Jun 19 | 1,954 | 143 | 198 | 0 |
| 31 Mar 19 | 1,972 | 176 | 209 | 0 |
| 31 Dec 18 | 1,977 | 139 | 214 | 0 |
| 30 Sep 18 | 1,910 | 145 | 211 | 0 |
| 30 Jun 18 | 1,815 | 1 | 205 | 0 |
| 31 Mar 18 | 1,697 | -67 | 190 | 0 |
| 31 Dec 17 | 1,634 | -50 | 178 | 0 |
| 30 Sep 17 | 1,630 | -108 | 170 | 0 |
| 30 Jun 17 | 1,636 | -109 | 161 | 0 |
| 31 Mar 17 | 1,617 | -89 | 155 | 0 |
| 31 Dec 16 | 1,558 | -105 | 153 | 0 |
| 30 Sep 16 | 1,465 | -51 | 138 | 0 |
| 30 Jun 16 | 1,329 | -52 | 129 | 0 |
| 31 Mar 16 | 1,251 | -65 | 120 | 0 |
| 31 Dec 15 | 1,121 | -40 | 109 | 0 |
| 30 Sep 15 | 984 | -16 | 106 | 0 |
| 30 Jun 15 | 890 | -26 | 97 | 0 |
| 31 Mar 15 | 706 | -18 | 85 | 0 |
| 31 Dec 14 | 547 | -16 | 80 | 0 |
| 30 Sep 14 | 375 | -41 | 43 | 0 |
| 30 Jun 14 | 253 | -23 | 31 | 0 |
| 31 Mar 14 | 215 | -16 | 32 | 0 |
Quality Earnings: VATE is currently unprofitable.
Growing Profit Margin: VATE is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VATE is unprofitable, but has reduced losses over the past 5 years at a rate of 4.2% per year.
Accelerating Growth: Unable to compare VATE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VATE is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (25.3%).
Return on Equity
High ROE: VATE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 08:00 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
INNOVATE Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sarkis Sherbetchyan | B. Riley Securities, Inc. |
| Barry Sine | Drexel Hamilton |