vs
Side-by-side financial comparison of Citi Trends Inc (CTRN) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
INNOVATE Corp. is the larger business by last-quarter revenue ($382.7M vs $197.1M, roughly 1.9× Citi Trends Inc). INNOVATE Corp. runs the higher net margin — -1.9% vs -3.5%, a 1.6% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 10.1%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
Innovate Corp. is an American public financial services company founded in 1994.
CTRN vs VATE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $382.7M |
| Net Profit | $-6.9M | $-7.4M |
| Gross Margin | — | 15.4% |
| Operating Margin | -3.7% | 3.7% |
| Net Margin | -3.5% | -1.9% |
| Revenue YoY | 10.1% | 61.7% |
| Net Profit YoY | 3.6% | 55.4% |
| EPS (diluted) | $-0.86 | $-0.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $197.1M | $382.7M | ||
| Q3 25 | $190.8M | $347.1M | ||
| Q2 25 | $201.7M | $242.0M | ||
| Q1 25 | $211.2M | $274.2M | ||
| Q4 24 | $179.1M | $236.6M | ||
| Q3 24 | $176.6M | $242.2M | ||
| Q2 24 | $186.3M | $313.1M | ||
| Q1 24 | $215.2M | $315.2M |
| Q4 25 | $-6.9M | $-7.4M | ||
| Q3 25 | $3.8M | $-8.9M | ||
| Q2 25 | $871.0K | $-19.8M | ||
| Q1 25 | $-14.2M | $-24.5M | ||
| Q4 24 | $-7.2M | $-16.6M | ||
| Q3 24 | $-18.4M | $-15.0M | ||
| Q2 24 | $-3.4M | $14.4M | ||
| Q1 24 | $3.6M | $-17.4M |
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | -3.7% | 3.7% | ||
| Q3 25 | 1.8% | 1.8% | ||
| Q2 25 | 0.2% | 2.0% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | -4.9% | 1.1% | ||
| Q3 24 | -14.1% | 2.4% | ||
| Q2 24 | -3.7% | 9.2% | ||
| Q1 24 | 1.8% | 0.9% |
| Q4 25 | -3.5% | -1.9% | ||
| Q3 25 | 2.0% | -2.6% | ||
| Q2 25 | 0.4% | -8.2% | ||
| Q1 25 | -6.7% | -8.9% | ||
| Q4 24 | -4.0% | -7.0% | ||
| Q3 24 | -10.4% | -6.2% | ||
| Q2 24 | -1.8% | 4.6% | ||
| Q1 24 | 1.7% | -5.5% |
| Q4 25 | $-0.86 | $-0.57 | ||
| Q3 25 | $0.46 | $-0.71 | ||
| Q2 25 | $0.11 | $-1.67 | ||
| Q1 25 | $-1.70 | $-1.89 | ||
| Q4 24 | $-0.86 | $-0.72 | ||
| Q3 24 | $-2.21 | $-1.18 | ||
| Q2 24 | $-0.42 | $1.03 | ||
| Q1 24 | $0.43 | $-2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $112.1M |
| Total DebtLower is stronger | — | $80.3M |
| Stockholders' EquityBook value | $107.8M | $-240.1M |
| Total Assets | $464.3M | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $112.1M | ||
| Q3 25 | — | $35.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $48.8M | ||
| Q3 24 | — | $51.0M | ||
| Q2 24 | — | $80.2M | ||
| Q1 24 | — | $38.4M |
| Q4 25 | — | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | — | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M | ||
| Q1 24 | — | $641.5M |
| Q4 25 | $107.8M | $-240.1M | ||
| Q3 25 | $113.2M | $-233.3M | ||
| Q2 25 | $108.6M | $-224.8M | ||
| Q1 25 | $113.2M | $-204.2M | ||
| Q4 24 | $130.3M | $-180.4M | ||
| Q3 24 | $136.6M | $-163.1M | ||
| Q2 24 | $154.8M | $-149.0M | ||
| Q1 24 | $157.7M | $-184.4M |
| Q4 25 | $464.3M | $950.1M | ||
| Q3 25 | $457.4M | $913.2M | ||
| Q2 25 | $437.4M | $890.9M | ||
| Q1 25 | $462.8M | $868.0M | ||
| Q4 24 | $467.1M | $891.1M | ||
| Q3 24 | $506.7M | $897.2M | ||
| Q2 24 | $484.1M | $898.9M | ||
| Q1 24 | $518.7M | $943.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.6M | $101.1M |
| Free Cash FlowOCF − Capex | $767.0K | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $101.1M | ||
| Q3 25 | $3.9M | $19.2M | ||
| Q2 25 | $-11.0M | $40.4M | ||
| Q1 25 | $28.5M | $-14.1M | ||
| Q4 24 | $-18.4M | $41.4M | ||
| Q3 24 | $5.6M | $-28.4M | ||
| Q2 24 | $-19.6M | $21.5M | ||
| Q1 24 | $23.3M | $-25.4M |
| Q4 25 | $767.0K | — | ||
| Q3 25 | $-1.7M | $19.0M | ||
| Q2 25 | $-13.1M | — | ||
| Q1 25 | $26.0M | $-18.8M | ||
| Q4 24 | $-20.4M | $34.2M | ||
| Q3 24 | $1.7M | $-31.5M | ||
| Q2 24 | $-21.2M | $18.4M | ||
| Q1 24 | $20.0M | $-31.0M |
| Q4 25 | 0.4% | — | ||
| Q3 25 | -0.9% | 5.5% | ||
| Q2 25 | -6.5% | — | ||
| Q1 25 | 12.3% | -6.9% | ||
| Q4 24 | -11.4% | 14.5% | ||
| Q3 24 | 0.9% | -13.0% | ||
| Q2 24 | -11.4% | 5.9% | ||
| Q1 24 | 9.3% | -9.8% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.9% | 0.1% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.1% | 3.0% | ||
| Q3 24 | 2.2% | 1.3% | ||
| Q2 24 | 0.9% | 1.0% | ||
| Q1 24 | 1.5% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | -12.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | 6.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
Segment breakdown not available.
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
