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Side-by-side financial comparison of ServiceTitan, Inc. (TTAN) 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 $249.2M, roughly 1.5× ServiceTitan, Inc.). INNOVATE Corp. runs the higher net margin — -1.9% vs -15.9%, a 13.9% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 25.0%).
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent holding company of Google and several former Google subsidiaries. Alphabet is listed on the large-cap section of the Nasdaq under the ticker symbols GOOGL and GOOG; both classes of stock are components of major stock market indices such as the S&P 500 and Nasdaq-100. Alphabet ha...
Innovate Corp. is an American public financial services company founded in 1994.
TTAN vs VATE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.2M | $382.7M |
| Net Profit | $-39.5M | $-7.4M |
| Gross Margin | 70.8% | 15.4% |
| Operating Margin | -16.9% | 3.7% |
| Net Margin | -15.9% | -1.9% |
| Revenue YoY | 25.0% | 61.7% |
| Net Profit YoY | 14.9% | 55.4% |
| EPS (diluted) | $-0.42 | $-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 | $249.2M | $382.7M | ||
| Q3 25 | $242.1M | $347.1M | ||
| Q2 25 | $215.7M | $242.0M | ||
| Q1 25 | $209.3M | $274.2M | ||
| Q4 24 | $199.3M | $236.6M | ||
| Q3 24 | — | $242.2M | ||
| Q2 24 | $170.3M | $313.1M | ||
| Q1 24 | — | $315.2M |
| Q4 25 | $-39.5M | $-7.4M | ||
| Q3 25 | $-32.2M | $-8.9M | ||
| Q2 25 | $-46.4M | $-19.8M | ||
| Q1 25 | $-100.9M | $-24.5M | ||
| Q4 24 | $-46.5M | $-16.6M | ||
| Q3 24 | — | $-15.0M | ||
| Q2 24 | $-56.0M | $14.4M | ||
| Q1 24 | — | $-17.4M |
| Q4 25 | 70.8% | 15.4% | ||
| Q3 25 | 70.8% | 14.3% | ||
| Q2 25 | 68.8% | 18.8% | ||
| Q1 25 | 66.0% | 16.6% | ||
| Q4 24 | 65.2% | 19.6% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | 62.2% | 21.0% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | -16.9% | 3.7% | ||
| Q3 25 | -14.4% | 1.8% | ||
| Q2 25 | -23.0% | 2.0% | ||
| Q1 25 | -47.7% | 1.2% | ||
| Q4 24 | -22.1% | 1.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | -31.4% | 9.2% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | -15.9% | -1.9% | ||
| Q3 25 | -13.3% | -2.6% | ||
| Q2 25 | -21.5% | -8.2% | ||
| Q1 25 | -48.2% | -8.9% | ||
| Q4 24 | -23.3% | -7.0% | ||
| Q3 24 | — | -6.2% | ||
| Q2 24 | -32.9% | 4.6% | ||
| Q1 24 | — | -5.5% |
| Q4 25 | $-0.42 | $-0.57 | ||
| Q3 25 | $-0.35 | $-0.71 | ||
| Q2 25 | $-0.51 | $-1.67 | ||
| Q1 25 | $-3.34 | $-1.89 | ||
| Q4 24 | $-1.74 | $-0.72 | ||
| Q3 24 | — | $-1.18 | ||
| Q2 24 | $-2.02 | $1.03 | ||
| Q1 24 | — | $-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 | $493.2M | $112.1M |
| Total DebtLower is stronger | $103.6M | $80.3M |
| Stockholders' EquityBook value | $1.5B | $-240.1M |
| Total Assets | $1.8B | $950.1M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $493.2M | $112.1M | ||
| Q3 25 | $471.5M | $35.5M | ||
| Q2 25 | $420.3M | $33.4M | ||
| Q1 25 | $441.8M | $33.3M | ||
| Q4 24 | $133.8M | $48.8M | ||
| Q3 24 | — | $51.0M | ||
| Q2 24 | $116.2M | $80.2M | ||
| Q1 24 | — | $38.4M |
| Q4 25 | $103.6M | $80.3M | ||
| Q3 25 | $103.7M | $97.3M | ||
| Q2 25 | $103.9M | $160.1M | ||
| Q1 25 | $104.0M | $139.9M | ||
| Q4 24 | $174.2M | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M | ||
| Q1 24 | — | $641.5M |
| Q4 25 | $1.5B | $-240.1M | ||
| Q3 25 | $1.5B | $-233.3M | ||
| Q2 25 | $1.5B | $-224.8M | ||
| Q1 25 | $1.5B | $-204.2M | ||
| Q4 24 | $-576.8M | $-180.4M | ||
| Q3 24 | — | $-163.1M | ||
| Q2 24 | $-506.0M | $-149.0M | ||
| Q1 24 | — | $-184.4M |
| Q4 25 | $1.8B | $950.1M | ||
| Q3 25 | $1.8B | $913.2M | ||
| Q2 25 | $1.7B | $890.9M | ||
| Q1 25 | $1.8B | $868.0M | ||
| Q4 24 | $1.5B | $891.1M | ||
| Q3 24 | — | $897.2M | ||
| Q2 24 | — | $898.9M | ||
| Q1 24 | — | $943.5M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $43.8M | $101.1M |
| Free Cash FlowOCF − Capex | $42.2M | — |
| FCF MarginFCF / Revenue | 16.9% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.8M | $101.1M | ||
| Q3 25 | $40.3M | $19.2M | ||
| Q2 25 | $-14.6M | $40.4M | ||
| Q1 25 | — | $-14.1M | ||
| Q4 24 | $15.5M | $41.4M | ||
| Q3 24 | — | $-28.4M | ||
| Q2 24 | $-19.2M | $21.5M | ||
| Q1 24 | — | $-25.4M |
| Q4 25 | $42.2M | — | ||
| Q3 25 | $39.2M | $19.0M | ||
| Q2 25 | $-15.9M | — | ||
| Q1 25 | — | $-18.8M | ||
| Q4 24 | $14.5M | $34.2M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | $-19.9M | $18.4M | ||
| Q1 24 | — | $-31.0M |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 16.2% | 5.5% | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | 7.3% | 14.5% | ||
| Q3 24 | — | -13.0% | ||
| Q2 24 | -11.7% | 5.9% | ||
| Q1 24 | — | -9.8% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.5% | 0.1% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 0.5% | 3.0% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 0.4% | 1.0% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TTAN
| Subscription Revenue | $182.8M | 73% |
| Usage Revenue | $56.8M | 23% |
| Professional Services And Other Revenue | $9.6M | 4% |
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% |
