vs
Side-by-side financial comparison of Kimco Realty (KIM) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
Kimco Realty is the larger business by last-quarter revenue ($558.0M vs $382.7M, roughly 1.5× INNOVATE Corp.). Kimco Realty runs the higher net margin — 29.8% vs -1.9%, a 31.7% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 4.0%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs 5.6%).
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
Innovate Corp. is an American public financial services company founded in 1994.
KIM vs VATE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $558.0M | $382.7M |
| Net Profit | $166.3M | $-7.4M |
| Gross Margin | — | 15.4% |
| Operating Margin | 37.2% | 3.7% |
| Net Margin | 29.8% | -1.9% |
| Revenue YoY | 4.0% | 61.7% |
| Net Profit YoY | 23.7% | 55.4% |
| EPS (diluted) | $0.46 | $-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.
| Q1 26 | $558.0M | — | ||
| Q4 25 | $542.5M | $382.7M | ||
| Q3 25 | $535.9M | $347.1M | ||
| Q2 25 | $525.2M | $242.0M | ||
| Q1 25 | $536.6M | $274.2M | ||
| Q4 24 | $525.4M | $236.6M | ||
| Q3 24 | $507.6M | $242.2M | ||
| Q2 24 | $500.2M | $313.1M |
| Q1 26 | $166.3M | — | ||
| Q4 25 | $151.2M | $-7.4M | ||
| Q3 25 | $137.8M | $-8.9M | ||
| Q2 25 | $163.0M | $-19.8M | ||
| Q1 25 | $132.8M | $-24.5M | ||
| Q4 24 | $166.0M | $-16.6M | ||
| Q3 24 | $136.0M | $-15.0M | ||
| Q2 24 | $119.7M | $14.4M |
| Q1 26 | — | — | ||
| 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 26 | 37.2% | — | ||
| Q4 25 | 36.4% | 3.7% | ||
| Q3 25 | 34.9% | 1.8% | ||
| Q2 25 | 39.2% | 2.0% | ||
| Q1 25 | 33.6% | 1.2% | ||
| Q4 24 | 31.7% | 1.1% | ||
| Q3 24 | 33.7% | 2.4% | ||
| Q2 24 | 32.1% | 9.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.9% | -1.9% | ||
| Q3 25 | 25.7% | -2.6% | ||
| Q2 25 | 31.0% | -8.2% | ||
| Q1 25 | 24.8% | -8.9% | ||
| Q4 24 | 31.6% | -7.0% | ||
| Q3 24 | 26.8% | -6.2% | ||
| Q2 24 | 23.9% | 4.6% |
| Q1 26 | $0.46 | — | ||
| Q4 25 | — | $-0.57 | ||
| Q3 25 | — | $-0.71 | ||
| Q2 25 | — | $-1.67 | ||
| Q1 25 | — | $-1.89 | ||
| Q4 24 | — | $-0.72 | ||
| Q3 24 | — | $-1.18 | ||
| Q2 24 | — | $1.03 |
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 | $10.4B | $-240.1M |
| Total Assets | $19.6B | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.6M | $112.1M | ||
| Q3 25 | $159.3M | $35.5M | ||
| Q2 25 | $226.6M | $33.4M | ||
| Q1 25 | $131.3M | $33.3M | ||
| Q4 24 | $688.6M | $48.8M | ||
| Q3 24 | $789.0M | $51.0M | ||
| Q2 24 | $126.4M | $80.2M |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | $8.0B | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M |
| Q1 26 | $10.4B | — | ||
| Q4 25 | $10.4B | $-240.1M | ||
| Q3 25 | $10.5B | $-233.3M | ||
| Q2 25 | $10.5B | $-224.8M | ||
| Q1 25 | $10.6B | $-204.2M | ||
| Q4 24 | $10.7B | $-180.4M | ||
| Q3 24 | $10.5B | $-163.1M | ||
| Q2 24 | $10.6B | $-149.0M |
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.7B | $950.1M | ||
| Q3 25 | $19.9B | $913.2M | ||
| Q2 25 | $19.8B | $890.9M | ||
| Q1 25 | $19.7B | $868.0M | ||
| Q4 24 | $20.3B | $891.1M | ||
| Q3 24 | $20.1B | $897.2M | ||
| Q2 24 | $19.5B | $898.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $101.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $258.4M | $101.1M | ||
| Q3 25 | $332.4M | $19.2M | ||
| Q2 25 | $305.4M | $40.4M | ||
| Q1 25 | $223.8M | $-14.1M | ||
| Q4 24 | $239.5M | $41.4M | ||
| Q3 24 | $295.9M | $-28.4M | ||
| Q2 24 | $294.1M | $21.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $19.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | $205.4M | $-18.8M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | — | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | 38.3% | -6.9% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | -13.0% | ||
| Q2 24 | — | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 3.4% | 1.7% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.46× | 1.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KIM
| Revenues from rental properties, net | $552.8M | 99% |
| Management and other fee income | $5.2M | 1% |
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% |
