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INNOVATE free cash flow VATE

Cash from operations less capital spending, by quarter and over the last twelve months, from 2010.

Last 12 months, to Jun 30, 2026
$140.7M
Latest quarter, Q2 FY26
−$24.7M
−162% on a year earlier
Fiscal year 2025
$146.1M

INNOVATE's free cash flow was $140.7M over the twelve months to Jun 30, 2026, up 272% on a year earlier.

In its latest quarter, Q2 FY26, it was −$24.7M, down 162% on the same quarter a year before.

Over the five fiscal years to FY2025 it grew 44% a year on average.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025$146.1Mn/a
FY2024−$800K−110%
FY2023$8.1Mn/a
FY2022−$30.2M−1141%
FY2021$2.9M−88%
FY2020$23.3M−73%
FY2019$86M−71%
FY2018$301.7Mn/a
FY2017−$25.3M−151%
FY2016$50.1Mn/a
FY2015−$51.7Mn/a
FY2014−$2.2Mn/a
FY2013−$32.9Mn/a
FY2012−$8.2M−172%
FY2011$11.4Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26−$24.7M−162%$140.7M
Q1 FY26$45.3Mn/a$205.5M
Q4 FY25$101.1M+150%$146.1M
Q3 FY25$19Mn/a$85.5M
Q2 FY25$40.1M+118%$37.8M
Q1 FY25−$14.1Mn/a$16.1M
Q4 FY24$40.5M−29%−$800K
Q3 FY24−$28.7M−241%$15.4M
Q2 FY24$18.4M+57%$64.5M
Q1 FY24−$31Mn/a$57.8M
Q4 FY23$56.7M−3%$8.1M
Q3 FY23$20.4Mn/a$9.7M

Against its peers

Companies in Manufacturing - Metal Fabrication nearest INNOVATE's size, closest first, today.

CompanyFree cash flow yield
VATEINNOVATEn/m
LCUTLifetime Brands10.7%
ACUAcme United6.4%
OFLXOmega Flex4.3%
TGTredegar8.9%
CIXCompx International4.8%
JBIJanus International13.6%
PKOHPark Ohio3.3%
Peer median6.4%

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on INNOVATE

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.