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Side-by-side financial comparison of Prestige Consumer Healthcare Inc. (PBH) 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 $283.4M, roughly 1.4× Prestige Consumer Healthcare Inc.). Prestige Consumer Healthcare Inc. runs the higher net margin — 16.5% vs -1.9%, a 18.4% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs -2.4%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs 1.2%).

Prestige Consumer Healthcare Inc. is an American company that markets and distributes over-the-counter healthcare and household cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige Brands International, and the Spic and Span Company in 1996. The company is headquartered in Tarrytown, New York and operates a manufacturing facility in Lynchburg, Virginia.

Innovate Corp. is an American public financial services company founded in 1994.

PBH vs VATE — Head-to-Head

Bigger by revenue
VATE
VATE
1.4× larger
VATE
$382.7M
$283.4M
PBH
Growing faster (revenue YoY)
VATE
VATE
+64.1% gap
VATE
61.7%
-2.4%
PBH
Higher net margin
PBH
PBH
18.4% more per $
PBH
16.5%
-1.9%
VATE
Faster 2-yr revenue CAGR
VATE
VATE
Annualised
VATE
10.2%
1.2%
PBH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
PBH
PBH
VATE
VATE
Revenue
$283.4M
$382.7M
Net Profit
$46.7M
$-7.4M
Gross Margin
55.5%
15.4%
Operating Margin
29.1%
3.7%
Net Margin
16.5%
-1.9%
Revenue YoY
-2.4%
61.7%
Net Profit YoY
-23.5%
55.4%
EPS (diluted)
$0.97
$-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.

Revenue
PBH
PBH
VATE
VATE
Q4 25
$283.4M
$382.7M
Q3 25
$274.1M
$347.1M
Q2 25
$249.5M
$242.0M
Q1 25
$296.5M
$274.2M
Q4 24
$290.3M
$236.6M
Q3 24
$283.8M
$242.2M
Q2 24
$267.1M
$313.1M
Q1 24
$277.0M
$315.2M
Net Profit
PBH
PBH
VATE
VATE
Q4 25
$46.7M
$-7.4M
Q3 25
$42.2M
$-8.9M
Q2 25
$47.5M
$-19.8M
Q1 25
$50.1M
$-24.5M
Q4 24
$61.0M
$-16.6M
Q3 24
$54.4M
$-15.0M
Q2 24
$49.1M
$14.4M
Q1 24
$49.5M
$-17.4M
Gross Margin
PBH
PBH
VATE
VATE
Q4 25
55.5%
15.4%
Q3 25
55.3%
14.3%
Q2 25
56.2%
18.8%
Q1 25
57.3%
16.6%
Q4 24
55.5%
19.6%
Q3 24
55.5%
19.9%
Q2 24
54.7%
21.0%
Q1 24
54.8%
15.4%
Operating Margin
PBH
PBH
VATE
VATE
Q4 25
29.1%
3.7%
Q3 25
29.1%
1.8%
Q2 25
28.8%
2.0%
Q1 25
29.8%
1.2%
Q4 24
31.7%
1.1%
Q3 24
29.7%
2.4%
Q2 24
27.0%
9.2%
Q1 24
29.7%
0.9%
Net Margin
PBH
PBH
VATE
VATE
Q4 25
16.5%
-1.9%
Q3 25
15.4%
-2.6%
Q2 25
19.0%
-8.2%
Q1 25
16.9%
-8.9%
Q4 24
21.0%
-7.0%
Q3 24
19.2%
-6.2%
Q2 24
18.4%
4.6%
Q1 24
17.9%
-5.5%
EPS (diluted)
PBH
PBH
VATE
VATE
Q4 25
$0.97
$-0.57
Q3 25
$0.86
$-0.71
Q2 25
$0.95
$-1.67
Q1 25
$1.00
$-1.89
Q4 24
$1.22
$-0.72
Q3 24
$1.09
$-1.18
Q2 24
$0.98
$1.03
Q1 24
$0.98
$-2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PBH
PBH
VATE
VATE
Cash + ST InvestmentsLiquidity on hand
$62.4M
$112.1M
Total DebtLower is stronger
$1.0B
$80.3M
Stockholders' EquityBook value
$1.8B
$-240.1M
Total Assets
$3.5B
$950.1M
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBH
PBH
VATE
VATE
Q4 25
$62.4M
$112.1M
Q3 25
$119.1M
$35.5M
Q2 25
$139.5M
$33.4M
Q1 25
$97.9M
$33.3M
Q4 24
$50.9M
$48.8M
Q3 24
$51.5M
$51.0M
Q2 24
$34.3M
$80.2M
Q1 24
$46.5M
$38.4M
Total Debt
PBH
PBH
VATE
VATE
Q4 25
$1.0B
$80.3M
Q3 25
$993.1M
$97.3M
Q2 25
$992.7M
$160.1M
Q1 25
$992.4M
$139.9M
Q4 24
$992.0M
$500.6M
Q3 24
$1.1B
$502.4M
Q2 24
$1.1B
$638.3M
Q1 24
$1.1B
$641.5M
Stockholders' Equity
PBH
PBH
VATE
VATE
Q4 25
$1.8B
$-240.1M
Q3 25
$1.8B
$-233.3M
Q2 25
$1.9B
$-224.8M
Q1 25
$1.8B
$-204.2M
Q4 24
$1.8B
$-180.4M
Q3 24
$1.7B
$-163.1M
Q2 24
$1.7B
$-149.0M
Q1 24
$1.7B
$-184.4M
Total Assets
PBH
PBH
VATE
VATE
Q4 25
$3.5B
$950.1M
Q3 25
$3.4B
$913.2M
Q2 25
$3.4B
$890.9M
Q1 25
$3.4B
$868.0M
Q4 24
$3.3B
$891.1M
Q3 24
$3.3B
$897.2M
Q2 24
$3.3B
$898.9M
Q1 24
$3.3B
$943.5M
Debt / Equity
PBH
PBH
VATE
VATE
Q4 25
0.56×
Q3 25
0.54×
Q2 25
0.54×
Q1 25
0.54×
Q4 24
0.55×
Q3 24
0.61×
Q2 24
0.65×
Q1 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PBH
PBH
VATE
VATE
Operating Cash FlowLast quarter
$78.3M
$101.1M
Free Cash FlowOCF − Capex
$75.3M
FCF MarginFCF / Revenue
26.6%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$267.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBH
PBH
VATE
VATE
Q4 25
$78.3M
$101.1M
Q3 25
$57.5M
$19.2M
Q2 25
$79.0M
$40.4M
Q1 25
$61.8M
$-14.1M
Q4 24
$65.1M
$41.4M
Q3 24
$69.8M
$-28.4M
Q2 24
$54.8M
$21.5M
Q1 24
$66.9M
$-25.4M
Free Cash Flow
PBH
PBH
VATE
VATE
Q4 25
$75.3M
Q3 25
$55.4M
$19.0M
Q2 25
$78.2M
Q1 25
$58.4M
$-18.8M
Q4 24
$63.5M
$34.2M
Q3 24
$67.8M
$-31.5M
Q2 24
$53.6M
$18.4M
Q1 24
$63.8M
$-31.0M
FCF Margin
PBH
PBH
VATE
VATE
Q4 25
26.6%
Q3 25
20.2%
5.5%
Q2 25
31.3%
Q1 25
19.7%
-6.9%
Q4 24
21.9%
14.5%
Q3 24
23.9%
-13.0%
Q2 24
20.1%
5.9%
Q1 24
23.0%
-9.8%
Capex Intensity
PBH
PBH
VATE
VATE
Q4 25
1.1%
Q3 25
0.8%
0.1%
Q2 25
0.3%
Q1 25
1.2%
1.7%
Q4 24
0.5%
3.0%
Q3 24
0.7%
1.3%
Q2 24
0.4%
1.0%
Q1 24
1.1%
1.8%
Cash Conversion
PBH
PBH
VATE
VATE
Q4 25
1.68×
Q3 25
1.36×
Q2 25
1.66×
Q1 25
1.23×
Q4 24
1.07×
Q3 24
1.28×
Q2 24
1.12×
1.49×
Q1 24
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PBH
PBH

Womens Health$51.8M18%
International OTC Healthcare$47.7M17%
Gastrointestinal$44.2M16%
Eye And Ear Care$35.2M12%
Dermatologicals$27.6M10%
Analgesics$26.7M9%
Oral Care$23.5M8%
Cough And Cold$23.0M8%
Other Otc$3.6M1%

VATE
VATE

Commercial Revenue$126.1M33%
Industrial Revenue$87.5M23%
Transportation Revenue$58.4M15%
Healthcare Revenue$48.4M13%
Government Revenue$44.3M12%
Energy Revenue$8.0M2%
Broadcast Station Revenue$5.7M1%
Systems And Consumables Revenue$3.1M1%
Leisure Revenue$200.0K0%

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