What does return on equity mean?

Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

Innovate VATE Return on equity

Discontinued — last reported Q2 '21

Return on equity at other companies

MTZ

MasTecMTZ

14.5%+6.8pp

Gray TelevisionGTN

-4.4%-17.3pp

NucorNUE

11.2%+4.7pp

Sterling Infrastructure, Inc.STRL

34.8%-1.9pp

VMI

Valmont IndustriesVMI

22.4%-0.5pp

Foster (Lb) Co.FSTR

6.5%-16.8pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$45.5M+423%

CapEx$200.0K-95.7%

Free cash flow$45.3M+341%

Valuation

See full

Market cap$254.69M+196%

Enterprise value$1.52B+21.4%

P/S0.2×+0.1×

Profitability

See full

Gross margin15.5%-3.8pp

Operating margin2.6%-1.2pp

Net margin-4%0.0pp

FCF margin15.7%—

Returns & leverage

See full

Debt / equity1.7×—

Current ratio0.4×0.0×

Where this comes from

Calculated from Innovate’s reported figures.

net income/total stockholders equity=-8.1%

Based on trailing twelve months.

The official record: Innovate’s 10-Q, filed August 3, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does return on equity mean?: Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.