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Side-by-side financial comparison of PROSPERITY BANCSHARES INC (PB) 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 $367.6M, roughly 1.0× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs -1.9%, a 33.6% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% CAGR vs 10.2%).
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
Innovate Corp. is an American public financial services company founded in 1994.
PB vs VATE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $367.6M | $382.7M |
| Net Profit | $116.3M | $-7.4M |
| Gross Margin | — | 15.4% |
| Operating Margin | — | 3.7% |
| Net Margin | 31.6% | -1.9% |
| Revenue YoY | — | 61.7% |
| Net Profit YoY | -10.7% | 55.4% |
| EPS (diluted) | $1.16 | $-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 | $367.6M | — | ||
| Q4 25 | $275.0M | $382.7M | ||
| Q3 25 | $273.4M | $347.1M | ||
| Q2 25 | $267.7M | $242.0M | ||
| Q1 25 | $265.4M | $274.2M | ||
| Q4 24 | $267.8M | $236.6M | ||
| Q3 24 | $261.7M | $242.2M | ||
| Q2 24 | $258.8M | $313.1M |
| Q1 26 | $116.3M | — | ||
| Q4 25 | $139.9M | $-7.4M | ||
| Q3 25 | $137.6M | $-8.9M | ||
| Q2 25 | $135.2M | $-19.8M | ||
| Q1 25 | $130.2M | $-24.5M | ||
| Q4 24 | $130.1M | $-16.6M | ||
| Q3 24 | $127.3M | $-15.0M | ||
| Q2 24 | $111.6M | $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 | — | — | ||
| Q4 25 | 65.1% | 3.7% | ||
| Q3 25 | 64.4% | 1.8% | ||
| Q2 25 | 64.3% | 2.0% | ||
| Q1 25 | 62.7% | 1.2% | ||
| Q4 24 | 62.0% | 1.1% | ||
| Q3 24 | 62.1% | 2.4% | ||
| Q2 24 | 55.2% | 9.2% |
| Q1 26 | 31.6% | — | ||
| Q4 25 | 50.9% | -1.9% | ||
| Q3 25 | 50.3% | -2.6% | ||
| Q2 25 | 50.5% | -8.2% | ||
| Q1 25 | 49.1% | -8.9% | ||
| Q4 24 | 48.6% | -7.0% | ||
| Q3 24 | 48.6% | -6.2% | ||
| Q2 24 | 43.1% | 4.6% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $1.48 | $-0.57 | ||
| Q3 25 | $1.45 | $-0.71 | ||
| Q2 25 | $1.42 | $-1.67 | ||
| Q1 25 | $1.37 | $-1.89 | ||
| Q4 24 | $1.36 | $-0.72 | ||
| Q3 24 | $1.34 | $-1.18 | ||
| Q2 24 | $1.17 | $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 | $8.2B | $-240.1M |
| Total Assets | $43.6B | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | $8.2B | — | ||
| Q4 25 | $7.6B | $-240.1M | ||
| Q3 25 | $7.7B | $-233.3M | ||
| Q2 25 | $7.6B | $-224.8M | ||
| Q1 25 | $7.5B | $-204.2M | ||
| Q4 24 | $7.4B | $-180.4M | ||
| Q3 24 | $7.4B | $-163.1M | ||
| Q2 24 | $7.3B | $-149.0M |
| Q1 26 | $43.6B | — | ||
| Q4 25 | $38.5B | $950.1M | ||
| Q3 25 | $38.3B | $913.2M | ||
| Q2 25 | $38.4B | $890.9M | ||
| Q1 25 | $38.8B | $868.0M | ||
| Q4 24 | $39.6B | $891.1M | ||
| Q3 24 | $40.1B | $897.2M | ||
| Q2 24 | $39.8B | $898.9M |
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 | $78.3M | $101.1M | ||
| Q3 25 | $194.8M | $19.2M | ||
| Q2 25 | $98.2M | $40.4M | ||
| Q1 25 | $178.2M | $-14.1M | ||
| Q4 24 | $-205.8M | $41.4M | ||
| Q3 24 | $274.6M | $-28.4M | ||
| Q2 24 | $216.5M | $21.5M |
| Q1 26 | — | — | ||
| Q4 25 | $68.5M | — | ||
| Q3 25 | $185.7M | $19.0M | ||
| Q2 25 | $91.8M | — | ||
| Q1 25 | $171.1M | $-18.8M | ||
| Q4 24 | $-210.7M | $34.2M | ||
| Q3 24 | $270.2M | $-31.5M | ||
| Q2 24 | $211.8M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | 24.9% | — | ||
| Q3 25 | 67.9% | 5.5% | ||
| Q2 25 | 34.3% | — | ||
| Q1 25 | 64.5% | -6.9% | ||
| Q4 24 | -78.7% | 14.5% | ||
| Q3 24 | 103.3% | -13.0% | ||
| Q2 24 | 81.8% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.3% | 0.1% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.7% | 1.7% | ||
| Q4 24 | 1.8% | 3.0% | ||
| Q3 24 | 1.7% | 1.3% | ||
| Q2 24 | 1.8% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | -1.58× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 1.94× | 1.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
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% |
