Filing Flows › Comparisons › VATE vs TPCS
Innovate vs Techprecision: VATE and TPCS compared
Innovate is the larger company: $422M of revenue in its latest quarter (Q2 2026) against $9.1M for Techprecision (Q1 FY27). Innovate is growing faster (+74% against +23% a year earlier). Innovate is more profitable, with an operating margin of 8.2% against -0.5%.
Where the money goes: VATE and TPCS
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.
Techprecision (TPCS) · Q1 FY27
Techprecision, Q1 FY27: revenue $9.1M (+23% year over year), operating margin -0.5%, net loss $153K, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Innovate (VATE) | Techprecision (TPCS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q1 FY27 |
| Revenue | $422M | $9.1M |
| Revenue growth, Y/Y | +74% | +23% |
| Gross margin | 18.9% | — |
| Operating margin | 8.2% | -0.5% |
| Net earnings | $10.7M | −$153K |
| Net margin | 2.5% | -1.7% |
| Operating cash flow | −$24.6M | $1.9M |
| Market value | $73.5M | — |
Where the revenue comes from
Innovate
- Infrastructure: $414M (98%)
- Spectrum Segment: $5.4M (1%)
- Life Sciences: $2.2M (1%)
Techprecision
- Ranor: $5.5M (60%)
- Stadco: $3.6M (40%)
Questions
Which is bigger, Innovate or Techprecision?
Innovate is the larger company: $422M of revenue in its latest quarter (Q2 2026) against $9.1M for Techprecision (Q1 FY27).
Is Innovate or Techprecision growing faster?
Innovate is growing faster (+74% against +23% a year earlier).
Which is more profitable, Innovate or Techprecision?
Innovate is more profitable, with an operating margin of 8.2% against -0.5%.
More: Innovate earnings · how Innovate makes money · Techprecision earnings · how Techprecision makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.