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INNOVATE Corp.（VATE）与维蒙特工业（VMI）财务数据对比。点击上方公司名可切换其他公司
维蒙特工业的季度营收约是INNOVATE Corp.的2.7倍（$1.0B vs $382.7M）。维蒙特工业净利率更高（10.5% vs -1.9%，领先12.4%）。INNOVATE Corp.同比增速更快（61.7% vs 6.2%）。过去两年INNOVATE Corp.的营收复合增速更高（10.2% vs -0.5%）
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
维蒙特工业是美国大型上市制造企业，核心产品包括Valley品牌中心支轴及线性灌溉设备、风电机组支撑结构、照明与交通信号灯杆、钢制公用设施杆塔，在全球农业设备及基建配套领域拥有领先的市场地位和技术优势。
VATE vs VMI — 直观对比
营收规模更大
VMI
是对方的2.7倍
$382.7M
营收增速更快
VATE
高出55.5%
6.2%
净利率更高
VMI
高出12.4%
-1.9%
两年增速更快
VATE
近两年复合增速
-0.5%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $382.7M | $1.0B |
| 净利润 | $-7.4M | $108.0M |
| 毛利率 | 15.4% | 30.8% |
| 营业利润率 | 3.7% | 15.1% |
| 净利率 | -1.9% | 10.5% |
| 营收同比 | 61.7% | 6.2% |
| 净利润同比 | 55.4% | 23.8% |
| 每股收益（稀释后） | $-0.57 | $5.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收VATEVMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $382.7M | $1.0B | ||
| Q3 25 | $347.1M | $1.0B | ||
| Q2 25 | $242.0M | $1.1B | ||
| Q1 25 | $274.2M | $969.3M | ||
| Q4 24 | $236.6M | $1.0B | ||
| Q3 24 | $242.2M | $1.0B | ||
| Q2 24 | $313.1M | $1.0B |
净利润VATEVMI
| Q1 26 | — | $108.0M | ||
| Q4 25 | $-7.4M | $168.0M | ||
| Q3 25 | $-8.9M | $99.0M | ||
| Q2 25 | $-19.8M | $-4.0M | ||
| Q1 25 | $-24.5M | $87.3M | ||
| Q4 24 | $-16.6M | $77.7M | ||
| Q3 24 | $-15.0M | $83.1M | ||
| Q2 24 | $14.4M | $99.7M |
毛利率VATEVMI
| Q1 26 | — | 30.8% | ||
| Q4 25 | 15.4% | 29.8% | ||
| Q3 25 | 14.3% | 30.4% | ||
| Q2 25 | 18.8% | 30.6% | ||
| Q1 25 | 16.6% | 30.0% | ||
| Q4 24 | 19.6% | 30.2% | ||
| Q3 24 | 19.9% | 29.6% | ||
| Q2 24 | 21.0% | 30.8% |
营业利润率VATEVMI
| Q1 26 | — | 15.1% | ||
| Q4 25 | 3.7% | 11.2% | ||
| Q3 25 | 1.8% | 13.5% | ||
| Q2 25 | 2.0% | 2.8% | ||
| Q1 25 | 1.2% | 13.2% | ||
| Q4 24 | 1.1% | 11.6% | ||
| Q3 24 | 2.4% | 12.3% | ||
| Q2 24 | 9.2% | 14.2% |
净利率VATEVMI
| Q1 26 | — | 10.5% | ||
| Q4 25 | -1.9% | 16.2% | ||
| Q3 25 | -2.6% | 9.5% | ||
| Q2 25 | -8.2% | -0.4% | ||
| Q1 25 | -8.9% | 9.0% | ||
| Q4 24 | -7.0% | 7.5% | ||
| Q3 24 | -6.2% | 8.1% | ||
| Q2 24 | 4.6% | 9.6% |
每股收益（稀释后）VATEVMI
| Q1 26 | — | $5.51 | ||
| Q4 25 | $-0.57 | $9.02 | ||
| Q3 25 | $-0.71 | $4.98 | ||
| Q2 25 | $-1.67 | $-1.53 | ||
| Q1 25 | $-1.89 | $4.32 | ||
| Q4 24 | $-0.72 | $3.85 | ||
| Q3 24 | $-1.18 | $4.11 | ||
| Q2 24 | $1.03 | $4.91 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $112.1M | $160.2M |
| 总债务越低越好 | $80.3M | — |
| 股东权益账面价值 | $-240.1M | $1.7B |
| 总资产 | $950.1M | $3.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资VATEVMI
| Q1 26 | — | $160.2M | ||
| Q4 25 | $112.1M | $187.1M | ||
| Q3 25 | $35.5M | $226.1M | ||
| Q2 25 | $33.4M | $208.5M | ||
| Q1 25 | $33.3M | $184.4M | ||
| Q4 24 | $48.8M | $164.3M | ||
| Q3 24 | $51.0M | $200.5M | ||
| Q2 24 | $80.2M | $163.1M |
总债务VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | $80.3M | $795.7M | ||
| Q3 25 | $97.3M | — | ||
| Q2 25 | $160.1M | — | ||
| Q1 25 | $139.9M | — | ||
| Q4 24 | $500.6M | $730.6M | ||
| Q3 24 | $502.4M | — | ||
| Q2 24 | $638.3M | — |
股东权益VATEVMI
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-240.1M | $1.6B | ||
| Q3 25 | $-233.3M | $1.6B | ||
| Q2 25 | $-224.8M | $1.5B | ||
| Q1 25 | $-204.2M | $1.6B | ||
| Q4 24 | $-180.4M | $1.5B | ||
| Q3 24 | $-163.1M | $1.5B | ||
| Q2 24 | $-149.0M | $1.5B |
总资产VATEVMI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $950.1M | $3.4B | ||
| Q3 25 | $913.2M | $3.4B | ||
| Q2 25 | $890.9M | $3.3B | ||
| Q1 25 | $868.0M | $3.4B | ||
| Q4 24 | $891.1M | $3.3B | ||
| Q3 24 | $897.2M | $3.5B | ||
| Q2 24 | $898.9M | $3.5B |
负债/权益比VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $101.1M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | $101.1M | $111.2M | ||
| Q3 25 | $19.2M | $112.5M | ||
| Q2 25 | $40.4M | $167.6M | ||
| Q1 25 | $-14.1M | $65.1M | ||
| Q4 24 | $41.4M | $193.4M | ||
| Q3 24 | $-28.4M | $225.1M | ||
| Q2 24 | $21.5M | $130.8M |
自由现金流VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | — | $70.4M | ||
| Q3 25 | $19.0M | $70.6M | ||
| Q2 25 | — | $135.6M | ||
| Q1 25 | $-18.8M | $34.8M | ||
| Q4 24 | $34.2M | $167.8M | ||
| Q3 24 | $-31.5M | $204.6M | ||
| Q2 24 | $18.4M | $112.5M |
自由现金流率VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | 5.5% | 6.7% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | -6.9% | 3.6% | ||
| Q4 24 | 14.5% | 16.2% | ||
| Q3 24 | -13.0% | 20.1% | ||
| Q2 24 | 5.9% | 10.8% |
资本支出强度VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | 0.1% | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 1.3% | 2.0% | ||
| Q2 24 | 1.0% | 1.8% |
现金转化率VATEVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.49× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | 1.49× | 1.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
