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Side-by-side financial comparison of Root, Inc. (ROOT) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $382.7M, roughly 1.0× INNOVATE Corp.). On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 21.5%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% CAGR vs 10.2%).
Root Insurance Company is an online car insurance company operating in the United States.
Innovate Corp. is an American public financial services company founded in 1994.
ROOT vs VATE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $397.0M | $382.7M |
| Net Profit | — | $-7.4M |
| Gross Margin | — | 15.4% |
| Operating Margin | 2.6% | 3.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | 21.5% | 61.7% |
| Net Profit YoY | — | 55.4% |
| EPS (diluted) | $0.35 | $-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 | $397.0M | $382.7M | ||
| Q3 25 | $387.8M | $347.1M | ||
| Q2 25 | $382.9M | $242.0M | ||
| Q1 25 | $349.4M | $274.2M | ||
| Q4 24 | $326.7M | $236.6M | ||
| Q3 24 | $305.7M | $242.2M | ||
| Q2 24 | $289.2M | $313.1M | ||
| Q1 24 | $254.9M | $315.2M |
| Q4 25 | — | $-7.4M | ||
| Q3 25 | $-5.4M | $-8.9M | ||
| Q2 25 | $22.0M | $-19.8M | ||
| Q1 25 | $18.4M | $-24.5M | ||
| Q4 24 | — | $-16.6M | ||
| Q3 24 | $22.8M | $-15.0M | ||
| Q2 24 | $-7.8M | $14.4M | ||
| Q1 24 | $-6.2M | $-17.4M |
| 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 24 | — | 15.4% |
| Q4 25 | 2.6% | 3.7% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 7.1% | 2.0% | ||
| Q1 25 | 6.8% | 1.2% | ||
| Q4 24 | 10.7% | 1.1% | ||
| Q3 24 | 11.3% | 2.4% | ||
| Q2 24 | 1.3% | 9.2% | ||
| Q1 24 | 2.1% | 0.9% |
| Q4 25 | — | -1.9% | ||
| Q3 25 | -1.4% | -2.6% | ||
| Q2 25 | 5.7% | -8.2% | ||
| Q1 25 | 5.3% | -8.9% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | 7.5% | -6.2% | ||
| Q2 24 | -2.7% | 4.6% | ||
| Q1 24 | -2.4% | -5.5% |
| Q4 25 | $0.35 | $-0.57 | ||
| Q3 25 | $-0.35 | $-0.71 | ||
| Q2 25 | $1.29 | $-1.67 | ||
| Q1 25 | $1.07 | $-1.89 | ||
| Q4 24 | $1.42 | $-0.72 | ||
| Q3 24 | $1.35 | $-1.18 | ||
| Q2 24 | $-0.52 | $1.03 | ||
| Q1 24 | $-0.42 | $-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 | $669.3M | $112.1M |
| Total DebtLower is stronger | $200.3M | $80.3M |
| Stockholders' EquityBook value | $284.3M | $-240.1M |
| Total Assets | $1.7B | $950.1M |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.3M | $112.1M | ||
| Q3 25 | $653.3M | $35.5M | ||
| Q2 25 | $641.4M | $33.4M | ||
| Q1 25 | $609.4M | $33.3M | ||
| Q4 24 | $599.3M | $48.8M | ||
| Q3 24 | $674.8M | $51.0M | ||
| Q2 24 | $667.2M | $80.2M | ||
| Q1 24 | $640.5M | $38.4M |
| Q4 25 | $200.3M | $80.3M | ||
| Q3 25 | $200.4M | $97.3M | ||
| Q2 25 | $200.1M | $160.1M | ||
| Q1 25 | $200.0M | $139.9M | ||
| Q4 24 | $200.1M | $500.6M | ||
| Q3 24 | $300.9M | $502.4M | ||
| Q2 24 | $300.1M | $638.3M | ||
| Q1 24 | $299.3M | $641.5M |
| Q4 25 | $284.3M | $-240.1M | ||
| Q3 25 | $265.0M | $-233.3M | ||
| Q2 25 | $244.5M | $-224.8M | ||
| Q1 25 | $228.7M | $-204.2M | ||
| Q4 24 | $203.7M | $-180.4M | ||
| Q3 24 | $181.9M | $-163.1M | ||
| Q2 24 | $151.3M | $-149.0M | ||
| Q1 24 | $165.7M | $-184.4M |
| Q4 25 | $1.7B | $950.1M | ||
| Q3 25 | $1.6B | $913.2M | ||
| Q2 25 | $1.6B | $890.9M | ||
| Q1 25 | $1.6B | $868.0M | ||
| Q4 24 | $1.5B | $891.1M | ||
| Q3 24 | $1.6B | $897.2M | ||
| Q2 24 | $1.5B | $898.9M | ||
| Q1 24 | $1.4B | $943.5M |
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.82× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 1.81× | — |
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 | $206.5M | $101.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.5M | $101.1M | ||
| Q3 25 | $57.6M | $19.2M | ||
| Q2 25 | $52.0M | $40.4M | ||
| Q1 25 | $26.8M | $-14.1M | ||
| Q4 24 | $195.7M | $41.4M | ||
| Q3 24 | $49.4M | $-28.4M | ||
| Q2 24 | $62.6M | $21.5M | ||
| Q1 24 | $14.5M | $-25.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $19.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-18.8M | ||
| Q4 24 | $195.3M | $34.2M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | $62.4M | $18.4M | ||
| Q1 24 | $14.3M | $-31.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | 59.8% | 14.5% | ||
| Q3 24 | — | -13.0% | ||
| Q2 24 | 21.6% | 5.9% | ||
| Q1 24 | 5.6% | -9.8% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 1.7% | ||
| Q4 24 | 0.1% | 3.0% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.1% | 1.0% | ||
| Q1 24 | 0.1% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.17× | — | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROOT
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% |
