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Arcosa vs Innovate: ACA and VATE compared
Arcosa is the larger company: $659M of revenue in its latest quarter (Q2 2026) against $422M for Innovate (Q2 2026). Innovate is growing faster (+74% against +2% a year earlier). Arcosa is more profitable, with an operating margin of 12.8% against 8.2%.
Where the money goes: ACA and VATE
Arcosa (ACA) · Q2 2026
Arcosa, Q2 2026: revenue $659M (+2% year over year), operating margin 12.8%, net earnings $328M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
Innovate (VATE) · Q2 2026
Innovate, Q2 2026: revenue $422M (+74% year over year), operating margin 8.2%, net earnings $10.7M, operating cash flow −$24.6M. The chart follows the revenue to costs, profit and cash.
| Arcosa (ACA) | Innovate (VATE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $659M | $422M |
| Revenue growth, Y/Y | +2% | +74% |
| Gross margin | 23.6% | 18.9% |
| Operating margin | 12.8% | 8.2% |
| Net earnings | $328M | $10.7M |
| Net margin | 49.9% | 2.5% |
| Operating cash flow | −$11.2M | −$24.6M |
| Market value | $7.3B | $73.5M |
| P/E | 36.8× | — |
| Analysts’ mean target | $150.00 | — |
Where the revenue comes from
Innovate
- Infrastructure: $414M (98%)
- Spectrum Segment: $5.4M (1%)
- Life Sciences: $2.2M (1%)
Questions
Which is bigger, Arcosa or Innovate?
Arcosa is the larger company: $659M of revenue in its latest quarter (Q2 2026) against $422M for Innovate (Q2 2026).
Is Arcosa or Innovate growing faster?
Innovate is growing faster (+74% against +2% a year earlier).
Which is more profitable, Arcosa or Innovate?
Arcosa is more profitable, with an operating margin of 12.8% against 8.2%.
More: Arcosa earnings · how Arcosa makes money · Innovate earnings · how Innovate makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.