INNOVATE Corp (VATE)
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-10-30
$5.51-5.00%
Close 2026-10-30 · 1-day change
NYSEIndustrialsEngineering & ConstructionSnapshot 2026-10-30
Research Workspace
Put VATE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Construction & Engineering is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income improves to at least $10M next quarter: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 52% over the past year.
View GrowthMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 72% in its worst 12-month stretch.
View RiskVATE’s sales growth is the central case, with revenue up 74.2% year over year in Q2 FY2026. That growth must support operations despite unsteady management and unprofitability over the past year. The quarter’s revenue growth is strong, but no earnings release is on record for assessing a beat. VATE trades at 0.1× sales versus a 1.1× peer median. The price reflects less growth than our forecast, though the peer comparison may overstate cheapness. The specific pillar risk is whether operating income reaches $10M next quarter; that comparison needs review. Our model puts the next-quarter miss probability near 40%. Peer multiples imply a price about 85% above where it trades; the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-30. VATE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
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Compare VATE with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| VATE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 1 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Construction & Engineering — fair value, gap to price, and forward P/E.
Compare the value case
Put VATE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Focus on improving operating income
Revenue growth supports management's focus on operating income.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Focus on improving operating income
Surge in revenue aligns with improving operating income objective.