Where do Innovate's ratios come from?

Every ratio is computed from Innovate's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Innovate VATE Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	15.5%-0.5pp	16%-1.0pp	17%-1.6pp	18.7%-0.6pp	19.3%+0.4pp
Operating margin	2.6%+0.3pp	2.3%+0.8pp	1.5%-0.1pp	1.7%-2.1pp	3.8%+0.2pp
Net margin	-4%+0.9pp	-4.9%+1.5pp	-6.3%+1.3pp	-7.6%-3.7pp	-3.9%-0.8pp
Returns
Return on invested capital	3.5%0.0pp	3.5%+1.6pp	1.9%-0.4pp	2.3%-2.9pp	5.2%-1.4pp
Efficiency
Asset turnover	1.5×+0.1×	1.4×+0.1×	1.2×+0.1×	1.1×-0.1×	1.2×0.0×
Liquidity
Current ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.5×0.0×	0.4×-0.4×
Leverage
Net debt / EBITDA	19.3×-1.2×	20.5×-6.5×	27×+3.4×	23.6×+6.9×	16.7×+5.2×
Per Share
Book value per share	-$19.21-5.7%	-$18.17-3.3%	-$17.59-2.9%	-$17.10-9.8%	-$15.57+7.7%
Valuation
Market capitalization	$254.69M+274%	$61.72M-5.4%	$65.21M-7.5%	$70.53M-32.1%	$103.84M+58.5%
Price / sales	0.2×+0.1×	0×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
EV / EBITDA	23.2×-1.8×	21.6×-6.8×	28.4×+3.3×	25.1×+7.0×	18.1×+5.7×
Dividend yield	0.9%-1.6pp	3.6%+0.8pp	2.8%+0.4pp	2.4%+1.3pp	1.2%-0.7pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

Where do Innovate's ratios come from?: Every ratio is computed from Innovate's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.