Innovate (VATE) Debt Ratio (2010 - 2026)
Innovate (VATE) posted Debt Ratio of 0.93 for Q2 2026, little changed on a QoQ basis from 0.93 in Q4 2025, and up 2.27% year-over-year from 0.91 in Q2 2025.
Analysis
Innovate (VATE) Debt Ratio (2010 - 2026) Analysis & Trends
Innovate has reported Debt Ratio for 17 years, with the latest figure at 0.93 in Q2 2026.
- On a quarterly basis, Debt Ratio rose 2.27% year-over-year to 0.93 in Q2 2026; TTM through Jun 2026 was 0.93, a 2.27% increase from a year earlier, with the FY2025 full-year figure at 0.93, up 67.5% from the prior year.
- Debt Ratio was 0.93 for Q2 2026 at Innovate, roughly flat from 0.93 in the prior quarter.
- The five-year high for Debt Ratio was 1.02 in Q3 2025, with the low at 0.31 in Q4 2022.
- Average Debt Ratio over 5 years is 0.57, with a median of 0.45 recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio surged 531.28% in 2022, then slipped 17.34% in 2024.
- Over 5 years, Debt Ratio stood at 0.31 in 2022, then increased by 10.33% to 0.35 in 2023, then surged by 59.9% to 0.55 in 2024, then soared by 67.5% to 0.93 in 2025, then increased by 0.2% to 0.93 in 2026.
- The last three Debt Ratio figures came in at 0.93 (Q2 2026), 0.93 (Q4 2025), and 1.02 (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | 0.38 |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | - |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 0.30 |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 0.09 |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | 0.23 |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | 0.04 |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | 0.14 |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | - |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 0.49 |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn | 0.93 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.93 |
| Dec 31, 2025 | 0.93 |
| Sep 30, 2025 | 1.02 |
| Jun 30, 2025 | 0.91 |
| Mar 31, 2025 | 0.98 |
| Dec 31, 2024 | 0.55 |
| Sep 30, 2024 | 0.58 |
| Jun 30, 2024 | 0.42 |
| Mar 31, 2024 | 0.39 |
| Dec 31, 2023 | 0.35 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.51 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.31 |
| Sep 30, 2022 | 0.35 |
| Jun 30, 2022 | 0.36 |
| Mar 31, 2022 | 0.37 |
| Dec 31, 2021 | 0.37 |
| Sep 30, 2021 | 0.33 |
| Jun 30, 2021 | 0.06 |