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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) 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 $345.6M, roughly 1.1× GLOBAL INDUSTRIAL Co). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs -1.9%, a 6.2% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 14.3%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
Innovate Corp. is an American public financial services company founded in 1994.
GIC vs VATE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $382.7M |
| Net Profit | $14.6M | $-7.4M |
| Gross Margin | 34.5% | 15.4% |
| Operating Margin | 5.7% | 3.7% |
| Net Margin | 4.2% | -1.9% |
| Revenue YoY | 14.3% | 61.7% |
| Net Profit YoY | 36.4% | 55.4% |
| EPS (diluted) | $0.37 | $-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 | $345.6M | $382.7M | ||
| Q3 25 | $353.6M | $347.1M | ||
| Q2 25 | $358.9M | $242.0M | ||
| Q1 25 | $321.0M | $274.2M | ||
| Q4 24 | $302.3M | $236.6M | ||
| Q3 24 | $342.4M | $242.2M | ||
| Q2 24 | $347.8M | $313.1M | ||
| Q1 24 | $323.4M | $315.2M |
| Q4 25 | $14.6M | $-7.4M | ||
| Q3 25 | $18.8M | $-8.9M | ||
| Q2 25 | $25.1M | $-19.8M | ||
| Q1 25 | $13.6M | $-24.5M | ||
| Q4 24 | $10.7M | $-16.6M | ||
| Q3 24 | $16.8M | $-15.0M | ||
| Q2 24 | $20.3M | $14.4M | ||
| Q1 24 | $13.2M | $-17.4M |
| Q4 25 | 34.5% | 15.4% | ||
| Q3 25 | 35.6% | 14.3% | ||
| Q2 25 | 37.1% | 18.8% | ||
| Q1 25 | 34.9% | 16.6% | ||
| Q4 24 | 33.8% | 19.6% | ||
| Q3 24 | 34.0% | 19.9% | ||
| Q2 24 | 35.2% | 21.0% | ||
| Q1 24 | 34.3% | 15.4% |
| Q4 25 | 5.7% | 3.7% | ||
| Q3 25 | 7.4% | 1.8% | ||
| Q2 25 | 9.3% | 2.0% | ||
| Q1 25 | 5.7% | 1.2% | ||
| Q4 24 | 4.8% | 1.1% | ||
| Q3 24 | 6.5% | 2.4% | ||
| Q2 24 | 7.6% | 9.2% | ||
| Q1 24 | 5.4% | 0.9% |
| Q4 25 | 4.2% | -1.9% | ||
| Q3 25 | 5.3% | -2.6% | ||
| Q2 25 | 7.0% | -8.2% | ||
| Q1 25 | 4.2% | -8.9% | ||
| Q4 24 | 3.5% | -7.0% | ||
| Q3 24 | 4.9% | -6.2% | ||
| Q2 24 | 5.8% | 4.6% | ||
| Q1 24 | 4.1% | -5.5% |
| Q4 25 | $0.37 | $-0.57 | ||
| Q3 25 | $0.48 | $-0.71 | ||
| Q2 25 | $0.65 | $-1.67 | ||
| Q1 25 | $0.35 | $-1.89 | ||
| Q4 24 | $0.28 | $-0.72 | ||
| Q3 24 | $0.44 | $-1.18 | ||
| Q2 24 | $0.52 | $1.03 | ||
| Q1 24 | $0.34 | $-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 | $67.5M | $112.1M |
| Total DebtLower is stronger | — | $80.3M |
| Stockholders' EquityBook value | $313.2M | $-240.1M |
| Total Assets | $580.8M | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $112.1M | ||
| Q3 25 | $67.2M | $35.5M | ||
| Q2 25 | $55.1M | $33.4M | ||
| Q1 25 | $39.0M | $33.3M | ||
| Q4 24 | $44.6M | $48.8M | ||
| Q3 24 | $38.9M | $51.0M | ||
| Q2 24 | $38.8M | $80.2M | ||
| Q1 24 | $29.9M | $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 | $313.2M | $-240.1M | ||
| Q3 25 | $316.0M | $-233.3M | ||
| Q2 25 | $305.2M | $-224.8M | ||
| Q1 25 | $287.9M | $-204.2M | ||
| Q4 24 | $281.1M | $-180.4M | ||
| Q3 24 | $279.2M | $-163.1M | ||
| Q2 24 | $270.4M | $-149.0M | ||
| Q1 24 | $260.2M | $-184.4M |
| Q4 25 | $580.8M | $950.1M | ||
| Q3 25 | $602.5M | $913.2M | ||
| Q2 25 | $586.5M | $890.9M | ||
| Q1 25 | $536.7M | $868.0M | ||
| Q4 24 | $520.7M | $891.1M | ||
| Q3 24 | $531.6M | $897.2M | ||
| Q2 24 | $542.5M | $898.9M | ||
| Q1 24 | $517.4M | $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 | $20.0M | $101.1M |
| Free Cash FlowOCF − Capex | $19.2M | — |
| FCF MarginFCF / Revenue | 5.6% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $101.1M | ||
| Q3 25 | $22.7M | $19.2M | ||
| Q2 25 | $31.7M | $40.4M | ||
| Q1 25 | $3.4M | $-14.1M | ||
| Q4 24 | $15.9M | $41.4M | ||
| Q3 24 | $9.6M | $-28.4M | ||
| Q2 24 | $18.8M | $21.5M | ||
| Q1 24 | $6.4M | $-25.4M |
| Q4 25 | $19.2M | — | ||
| Q3 25 | $22.0M | $19.0M | ||
| Q2 25 | $30.3M | — | ||
| Q1 25 | $3.2M | $-18.8M | ||
| Q4 24 | $15.2M | $34.2M | ||
| Q3 24 | $8.7M | $-31.5M | ||
| Q2 24 | $17.9M | $18.4M | ||
| Q1 24 | $5.1M | $-31.0M |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 6.2% | 5.5% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 1.0% | -6.9% | ||
| Q4 24 | 5.0% | 14.5% | ||
| Q3 24 | 2.5% | -13.0% | ||
| Q2 24 | 5.1% | 5.9% | ||
| Q1 24 | 1.6% | -9.8% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.2% | 3.0% | ||
| Q3 24 | 0.3% | 1.3% | ||
| Q2 24 | 0.3% | 1.0% | ||
| Q1 24 | 0.4% | 1.8% |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.93× | 1.49× | ||
| Q1 24 | 0.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
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% |
