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
Returns
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×
Liquidity
Current ratio	0.4×-0.4×	0.8×-0.4×	1.3×0.0×	1.3×+0.3×
Leverage
Net debt / EBITDA	20.5×+9.0×	11.5×-0.2×	11.7×-1.7×	13.4×-11.7×
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%
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×
Dividend yield	0.9%-1.6pp	1.8%-0.4pp	2.3%-1.3pp	3.5%—

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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.