What are Innovate's profit margins?

Innovate (VATE) runs a 15.5% gross margin and a 2.6% operating margin, with a -4.0% net margin.

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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	4.9%+0.1pp	4.7%+0.4pp	4.3%-0.5pp	4.8%-2.0pp	6.8%+0.3pp
Returns
Return on assets	-5.9%+0.7pp	-6.6%+1.1pp	-7.7%+0.8pp	-8.5%-3.9pp	-4.6%-1.0pp
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×
Inventory turnover	64.3×+7.5×	56.9×+10.2×	46.7×+7.8×	38.9×-2.6×	41.5×-0.1×
Liquidity
Current ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.5×0.0×	0.4×-0.4×
Quick ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×-0.4×
Cash ratio	0.1×0.0×	0.1×+0.1×	0×0.0×	0×0.0×	0×-0.1×
Leverage
Debt-to-assets	1.5×+0.1×	1.4×-0.1×	1.5×+0.1×	1.3×-0.1×	1.4×+0.4×
Net debt / EBITDA	19.3×-1.2×	20.5×-6.5×	27×+3.4×	23.6×+6.9×	16.7×+5.2×
Interest coverage	0.4×+0.1×	0.3×+0.1×	0.2×0.0×	0.2×-0.3×	0.5×0.0×
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%
Enterprise value	$1.52B+25.8%	$1.27B-6.0%	$1.36B+12.3%	$1.21B-8.5%	$1.32B+46.1%
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×
EV / sales	1.1×-0.1×	1×-0.2×	1.2×0.0×	1.2×0.0×	1.2×+0.4×
Earnings yield	-20.8%+90.6pp	-98.2%+8.8pp	-107%+0.6pp	-107.6%-67.4pp	-40.2%+12.7pp
Dividend yield	0.9%-1.6pp	3.6%+0.8pp	2.8%+0.4pp	2.4%+1.3pp	1.2%-0.7pp

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Questions, answered.

What are Innovate's profit margins?: Innovate (VATE) runs a 15.5% gross margin and a 2.6% operating margin, with a -4.0% net margin.
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.