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Side-by-side financial comparison of EDGEWELL PERSONAL CARE Co (EPC) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
EDGEWELL PERSONAL CARE Co is the larger business by last-quarter revenue ($422.8M vs $382.7M, roughly 1.1× INNOVATE Corp.). INNOVATE Corp. runs the higher net margin — -1.9% vs -15.5%, a 13.6% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs -11.6%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs -16.0%).
The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut. It was formed in 2015 following the corporate spin-off from Energizer Holdings, Inc..
Innovate Corp. is an American public financial services company founded in 1994.
EPC vs VATE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $422.8M | $382.7M |
| Net Profit | $-65.7M | $-7.4M |
| Gross Margin | 38.1% | 15.4% |
| Operating Margin | -4.5% | 3.7% |
| Net Margin | -15.5% | -1.9% |
| Revenue YoY | -11.6% | 61.7% |
| Net Profit YoY | -3028.6% | 55.4% |
| EPS (diluted) | $-1.41 | $-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 | $422.8M | $382.7M | ||
| Q3 25 | $600.5M | $347.1M | ||
| Q2 25 | $627.2M | $242.0M | ||
| Q1 25 | $580.7M | $274.2M | ||
| Q4 24 | $415.1M | $236.6M | ||
| Q3 24 | $517.6M | $242.2M | ||
| Q2 24 | $647.8M | $313.1M | ||
| Q1 24 | $599.4M | $315.2M |
| Q4 25 | $-65.7M | $-7.4M | ||
| Q3 25 | $-30.6M | $-8.9M | ||
| Q2 25 | $29.1M | $-19.8M | ||
| Q1 25 | $29.0M | $-24.5M | ||
| Q4 24 | $-2.1M | $-16.6M | ||
| Q3 24 | $8.8M | $-15.0M | ||
| Q2 24 | $49.0M | $14.4M | ||
| Q1 24 | $36.0M | $-17.4M |
| Q4 25 | 38.1% | 15.4% | ||
| Q3 25 | 37.9% | 14.3% | ||
| Q2 25 | 42.8% | 18.8% | ||
| Q1 25 | 44.1% | 16.6% | ||
| Q4 24 | 41.6% | 19.6% | ||
| Q3 24 | 41.1% | 19.9% | ||
| Q2 24 | 44.3% | 21.0% | ||
| Q1 24 | 43.1% | 15.4% |
| Q4 25 | -4.5% | 3.7% | ||
| Q3 25 | -4.2% | 1.8% | ||
| Q2 25 | 8.6% | 2.0% | ||
| Q1 25 | 10.1% | 1.2% | ||
| Q4 24 | 2.2% | 1.1% | ||
| Q3 24 | 3.9% | 2.4% | ||
| Q2 24 | 12.8% | 9.2% | ||
| Q1 24 | 11.7% | 0.9% |
| Q4 25 | -15.5% | -1.9% | ||
| Q3 25 | -5.1% | -2.6% | ||
| Q2 25 | 4.6% | -8.2% | ||
| Q1 25 | 5.0% | -8.9% | ||
| Q4 24 | -0.5% | -7.0% | ||
| Q3 24 | 1.7% | -6.2% | ||
| Q2 24 | 7.6% | 4.6% | ||
| Q1 24 | 6.0% | -5.5% |
| Q4 25 | $-1.41 | $-0.57 | ||
| Q3 25 | $-0.65 | $-0.71 | ||
| Q2 25 | $0.62 | $-1.67 | ||
| Q1 25 | $0.60 | $-1.89 | ||
| Q4 24 | $-0.04 | $-0.72 | ||
| Q3 24 | $0.18 | $-1.18 | ||
| Q2 24 | $0.98 | $1.03 | ||
| Q1 24 | $0.72 | $-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 | $1.5B | $80.3M |
| Stockholders' EquityBook value | $1.5B | $-240.1M |
| Total Assets | $3.8B | $950.1M |
| Debt / EquityLower = less leverage | 1.03× | — |
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 | $209.1M | $51.0M | ||
| Q2 24 | — | $80.2M | ||
| Q1 24 | — | $38.4M |
| Q4 25 | $1.5B | $80.3M | ||
| Q3 25 | $1.4B | $97.3M | ||
| Q2 25 | $1.4B | $160.1M | ||
| Q1 25 | $1.4B | $139.9M | ||
| Q4 24 | $1.4B | $500.6M | ||
| Q3 24 | $1.3B | $502.4M | ||
| Q2 24 | $1.3B | $638.3M | ||
| Q1 24 | $1.4B | $641.5M |
| Q4 25 | $1.5B | $-240.1M | ||
| Q3 25 | $1.6B | $-233.3M | ||
| Q2 25 | $1.6B | $-224.8M | ||
| Q1 25 | $1.5B | $-204.2M | ||
| Q4 24 | $1.5B | $-180.4M | ||
| Q3 24 | $1.6B | $-163.1M | ||
| Q2 24 | $1.6B | $-149.0M | ||
| Q1 24 | $1.6B | $-184.4M |
| Q4 25 | $3.8B | $950.1M | ||
| Q3 25 | $3.8B | $913.2M | ||
| Q2 25 | $3.8B | $890.9M | ||
| Q1 25 | $3.8B | $868.0M | ||
| Q4 24 | $3.7B | $891.1M | ||
| Q3 24 | $3.7B | $897.2M | ||
| Q2 24 | $3.7B | $898.9M | ||
| Q1 24 | $3.8B | $943.5M |
| Q4 25 | 1.03× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.82× | — | ||
| Q1 24 | 0.88× | — |
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 | $-125.9M | $101.1M |
| Free Cash FlowOCF − Capex | $-137.5M | — |
| FCF MarginFCF / Revenue | -32.5% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $36.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-125.9M | $101.1M | ||
| Q3 25 | $74.1M | $19.2M | ||
| Q2 25 | $114.8M | $40.4M | ||
| Q1 25 | $45.1M | $-14.1M | ||
| Q4 24 | $-115.6M | $41.4M | ||
| Q3 24 | $-388.3M | $-28.4M | ||
| Q2 24 | $101.2M | $21.5M | ||
| Q1 24 | $129.0M | $-25.4M |
| Q4 25 | $-137.5M | — | ||
| Q3 25 | $46.5M | $19.0M | ||
| Q2 25 | $99.3M | — | ||
| Q1 25 | $28.0M | $-18.8M | ||
| Q4 24 | $-132.4M | $34.2M | ||
| Q3 24 | $-414.2M | $-31.5M | ||
| Q2 24 | $88.6M | $18.4M | ||
| Q1 24 | $117.5M | $-31.0M |
| Q4 25 | -32.5% | — | ||
| Q3 25 | 7.7% | 5.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 4.8% | -6.9% | ||
| Q4 24 | -31.9% | 14.5% | ||
| Q3 24 | -80.0% | -13.0% | ||
| Q2 24 | 13.7% | 5.9% | ||
| Q1 24 | 19.6% | -9.8% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 4.6% | 0.1% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 4.0% | 3.0% | ||
| Q3 24 | 5.0% | 1.3% | ||
| Q2 24 | 1.9% | 1.0% | ||
| Q1 24 | 1.9% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.95× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -44.13× | — | ||
| Q2 24 | 2.07× | 1.49× | ||
| Q1 24 | 3.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPC
| Other | $242.0M | 57% |
| Sunand Skin Care Segment | $131.5M | 31% |
| Shavinggelsandcreams | $32.3M | 8% |
| Wipes And Other Skin Care Products | $17.0M | 4% |
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% |
