INNOVATE (NYSE:VATE) versus National Presto Industries (NYSE:NPK) Head to Head Comparison

INNOVATE (NYSE:VATE) and National Presto Industries (NYSE:NPK) are both small-cap multi-sector conglomerates companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, valuation, risk, earnings, profitability, institutional ownership and analyst recommendations.

Risk & Volatility

INNOVATE has a beta of 1.57, meaning that its stock price is 57% more volatile than the S&P 500. Comparatively, National Presto Industries has a beta of 0.53, meaning that its stock price is 47% less volatile than the S&P 500.

Profitability

This table compares INNOVATE and National Presto Industries’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
INNOVATE	-6.35%	N/A	-7.84%
National Presto Industries	8.18%	10.42%	8.24%

Institutional and Insider Ownership

34.3% of INNOVATE shares are owned by institutional investors. Comparatively, 58.6% of National Presto Industries shares are owned by institutional investors. 55.5% of INNOVATE shares are owned by company insiders. Comparatively, 28.0% of National Presto Industries shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares INNOVATE and National Presto Industries”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
INNOVATE	$1.11 billion	0.06	-$34.60 million	($5.56)	-0.88
National Presto Industries	$388.23 million	2.00	$41.46 million	$5.44	19.95

National Presto Industries has lower revenue, but higher earnings than INNOVATE. INNOVATE is trading at a lower price-to-earnings ratio than National Presto Industries, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current ratings for INNOVATE and National Presto Industries, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
INNOVATE	1	0	0	0	1.00
National Presto Industries	0	0	1	0	3.00

Summary

National Presto Industries beats INNOVATE on 10 of the 13 factors compared between the two stocks.

About INNOVATE

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services including maintenance, repair, and installation; and manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and customized products. The Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States; and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

About National Presto Industries

National Presto Industries, Inc. provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand. This segment sells its products directly to retailers, as well as through independent distributors. Its Defense segment manufactures and sells 40mm ammunition, precision mechanical and electro-mechanical products, medium caliber cartridge cases; and metal parts; and detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. This segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. The company’s Safety segment patents machine learning, digital sensors, and cloud-based technology to monitor freezers and refrigerators that detects and alerts users to potential safety issues around pharmaceuticals and food. National Presto Industries, Inc. was founded in 1905 and is based in Eau Claire, Wisconsin.