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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	16%-2.8pp	18.9%+3.7pp	15.2%+1.7pp	13.5%-1.7pp
Operating margin	2.3%-1.3pp	3.6%+1.8pp	1.9%+1.0pp	0.8%—
Net margin	-4.9%-1.7pp	-3.1%-0.7pp	-2.5%-0.3pp	-2.2%+16.7pp
EBITDA margin	4.7%-1.8pp	6.6%+2.2pp	4.4%+1.0pp	3.4%+1.0pp
Free cash flow margin	11.7%—	——	——	——
Returns
Return on assets	-6.6%-3.0pp	-3.6%-0.4pp	-3.2%0.0pp	-3.2%+2.6pp
Return on invested capital	3.5%-3.0pp	6.5%+2.1pp	4.4%+2.3pp	2.1%+2.9pp
Efficiency
Asset turnover	1.4×+0.2×	1.1×-0.2×	1.3×-0.2×	1.5×+1.2×
Inventory turnover	56.9×+15.3×	41.6×-16.9×	58.5×-20.4×	78.9×+2.9×
Liquidity
Current ratio	0.4×-0.4×	0.8×-0.4×	1.3×0.0×	1.3×+0.3×
Quick ratio	0.4×-0.3×	0.8×-0.4×	1.2×0.0×	1.2×+0.3×
Cash ratio	0.1×0.0×	0.1×-0.1×	0.2×0.0×	0.2×+0.1×
Leverage
Debt-to-assets	1.4×+0.4×	1×+0.2×	0.8×+0.1×	0.7×0.0×
Net debt / EBITDA	20.5×+9.0×	11.5×-0.2×	11.7×-1.7×	13.4×-11.7×
Interest coverage	0.3×-0.2×	0.5×+0.1×	0.4×+0.1×	0.3×+0.4×
Per Share
Book value per share	-$18.17-7.7%	-$16.87+20.4%	-$21.18-1,253%	-$1.57-43.1%
Valuation
Market capitalization	$254.69M+274%	$65.51M-32.8%	$97.46M-33.5%	$146.53M-49.1%
Enterprise value	$1.52B+25.8%	$903.71M+8.8%	$830.56M-7.0%	$893.23M-12.0%
Price / sales	0.2×+0.1×	0.1×0.0×	0.1×0.0×	0.1×-0.1×
EV / EBITDA	23.2×-1.8×	12.4×-0.9×	13.3×-2.8×	16.1×-19.0×
EV / sales	1.1×-0.1×	0.8×+0.2×	0.6×0.0×	0.5×-0.3×
Free cash flow yield	82.5%—	——	——	——
Earnings yield	-20.8%+90.6pp	-52.8%-16.7pp	-36.1%-11.6pp	-24.5%+54.6pp
Dividend yield	0.9%-1.6pp	1.8%-0.4pp	2.3%-1.3pp	3.5%—

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.