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Innovate VATE Asset turnover

Asset turnover at other companies

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MasTecMTZ
1.6×+0.2×
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0.3×0.0×
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1×+0.1×
ESO
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2.4×0.0×
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
1.2×+0.1×
VMI
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1.2×0.0×

Other financials

Income statement

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Revenue$364.8M+33.0%
Gross profit$53.5M+17.6%
Operating income$10.0M+194%
Net income-$16.8M+31.4%
EPS (diluted)-$1.29+31.7%

Balance sheet

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Cash & equivalents$134.6M+297%
Total debt$1.4B+11.6%
Total equity-$256.3M-25.5%
Total assets$936.8M+7.9%

Cash flow

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Operating cash flow$45.5M+423%
CapEx$200.0K-95.7%
Free cash flow$45.3M+341%

Valuation

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Market cap$254.69M+274%

Where this comes from

Calculated from Innovate’s reported figures.

total revenue/total assets=1.5×

Based on trailing twelve months.

The official record: Innovate’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovate's asset turnover?
Innovate (VATE) reported asset turnover of 1.5× in Q1 2026.
How has Innovate's asset turnover changed year-over-year?
Innovate's asset turnover increased by 25.8% year-over-year, from 1.2× to 1.5×.
What is the long-term trend for Innovate's asset turnover?
Over 4 years (2021 to 2025), Innovate's asset turnover has grown at a 44.7% compound annual growth rate (CAGR), from 0.3× to 1.4×.
What does asset turnover mean?
Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.