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Innovate(NYSE) HCHC

Current PriceN/A
Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2009)-13%
5 Year-77%
1 Year+44%
1 Month-56%
Innovate last closing stock price
MetricPriceDate
Last closeUSD 8.052026-07-22
Innovate stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-13.81%USD 9.342026-07-15
1 month-55.77%USD 18.202026-06-22
3 month-33.36%USD 12.082026-04-23
Year to date+78.1%USD 4.522025-12-31
1 year+44.01%USD 5.592025-07-22
3 year-53.67%USD 17.372023-07-21
5 year-76.9%USD 34.852021-07-23
Since inception-12.94%USD 9.252009-07-13

Innovate Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.34B

Net Income (TTM)

-$56.30M

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Aug 6, 2021

HCHC News

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About Innovate

INNOVATE builds steel structures for buildings and bridges across the US. It develops medical devices for joint pain and skin care. The company also runs TV stations that broadcast news and entertainment to local communities.

Products and Services

  • Infrastructure (97.1% of revenue): Steel fabrication, construction, and facility maintenance for commercial and industrial clients.
  • Life Sciences (1.0%): Medical devices for knee osteoarthritis and skin treatment technologies for clinics and hospitals.
  • Spectrum (1.9%): Operation of 257 broadcast TV stations and 2,000 subchannels in 112 US markets.
  • Digital Engineering: Building Information Modeling (BIM) and digital project management for construction projects.
  • Custom Manufacturing: Pressure vessels and specialized equipment for oil, gas, and petrochemical industries.

Growth and Expansion

  • Acquired Banker Steel in 2021, expanding steel fabrication capacity.
  • Formed exclusive licensing with Huadong Medicine for medical device distribution in Asia-Pacific in 2019.
  • Expanded R2 Technologies skin care products internationally in 2024.
  • Entered new US broadcast markets through HC2 Broadcasting acquisitions since 2018.
  • Launched digital engineering services globally via DBM Vircon since 2022.

What Makes INNOVATE Stand Out

INNOVATE combines construction, medical technology, and broadcasting under one roof. Its steel business manages large, complex projects with digital tools. The company’s TV network reaches most major US cities using cloud-based operations.

Five Things You Need to Know

  • Revenue was $1.25 billion in 2025, up 12.6% from 2024.
  • Infrastructure segment contributed 97.1% of 2025 revenue.
  • Net loss was $60.6 million in 2025, compared to $34.6 million in 2024.
  • Cash and cash equivalents were $112.1 million at December 31, 2025.
  • Debt principal was $687.2 million at December 31, 2025.

Bottom Line

INNOVATE has evolved into a diversified group spanning construction, healthcare, and media. Its broad portfolio brings both opportunities and financial challenges.

AI Generated • Apr 16, 2026

Industry

Construction and Engineering

Sector

Industrials

Employees

3,738

CEO

Paul K. Voigt, MBA

Website

www.innovatecorp.com

Headquarters

New York City, NY, US

HCHC Financials

Key Financial Metrics (TTM)

Gross Margin

14.57%

Operating Margin

2.87%

Net Income Margin

-3.96%

Return on Equity

22.84%

Return on Capital

0.07%

Return on Assets

-5.65%

Earnings Yield

N/A

Dividend Yield

9.69%

Payout Ratio

-4.35%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$203.50M

Operating Income

$11.60M

EBITDA

-$39.40M

Operating Cash Flow

$55.60M

Capital Expenditure

-$15.50M

Free Cash Flow

$40.10M

Cash & ST Invst.

$134.60M

Total Debt

$610.80M

Innovate Performance Analysis

Innovate annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,637,300,00035.9%
20232023-12-31USD 1,423,000,000-13.1%
20242024-12-31USD 1,107,100,000-22.2%
20252025-12-31USD 1,246,000,00012.5%
Innovate sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-11.7%
Q32025-09-3043.4%
Q42025-12-3110.3%
Q12026-03-31-4.7%
Innovate annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -5.23-41.8%
20232023-12-31USD -4.78-8.6%
20242024-12-31USD -3.35-30.0%
20252025-12-31USD -4.8444.7%
Innovate sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3011.6%
Q32025-09-3057.5%
Q42025-12-3119.7%
Q12026-03-31-126.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$364.80M

+33.0%

Gross Profit

$49.30M

+8.4%

Gross Margin

13.51%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

2,803

N/A

Net Income

-$17.10M

+31.0%

EBITDA

$18.50M

+138.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$134.60M

+304.2%

Total Debt

$610.80M

+16.7%

Accounts Receivable

$241.80M

+47.0%

Inventory

$15.40M

-21.8%

Long Term Debt

$140.80M

N/A

Short Term Debt

$624.70M

+19.3%

Return on Assets

-5.65%

N/A

Return on Invested Capital

-46.14%

N/A

Free Cash Flow

$36.00M

+866.0%

Operating Cash Flow

$45.50M

N/A

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Questions About HCHC

What is the current price of Innovate?

Innovate is trading at N/A per share.

What is the 52-week range for Innovate?

Over the past 52 weeks, Innovate has traded between N/A and N/A.

How much debt does Innovate have?

As of the most recent reporting period, Innovate reported total debt of $765.50M.

How much cash does Innovate have on hand?

Innovate reported $134.60M in cash and cash equivalents in its most recent financial results.

What is Innovate’s dividend yield?

Innovate does not currently have a dividend yield.

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