Innovate (VATE) Debt Ratio (2010 - 2025)
Innovate (VATE) posted quarterly Debt Ratio of 0.61 for Q4 2025, up 236.19% year-over-year from 0.18 in Q4 2024, and down 2.27% on a QoQ basis from 0.63 in Q3 2025.
Innovate (VATE) Debt Ratio (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported Debt Ratio for 16 consecutive years, with 0.61 the latest figure, recorded in Q4 2025.
- In Q4 2025, Debt Ratio rose 236.19% year-over-year to 0.61; the TTM figure through Dec 2025 stood at 0.61 (up 236.19% YoY), while the FY2025 annual figure was 0.61, up 236.19% from the prior year.
- Debt Ratio came in at 0.61 for Q4 2025 at Innovate, down from 0.63 in the prior quarter.
- The five-year high for Debt Ratio was 0.63 in Q3 2025, with the low at 0.01 in Q2 2021.
- Average Debt Ratio over 5 years is 0.18, with a median of 0.07 recorded in 2022.
- Across the five-year window, Debt Ratio tumbled 84.52% in 2021 and jumped 1563.84% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.06 in 2021, then tumbled by 58.69% to 0.03 in 2022, then gained by 10.0% to 0.03 in 2023, then surged by 522.81% to 0.18 in 2024, then jumped by 236.19% to 0.61 in 2025.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.61, 0.63, and 0.54 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 0.23 |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 0.23 |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 0.24 |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 0.10 |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 0.31 |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 0.34 |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 0.02 |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 0.23 |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 0.15 |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 0.61 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.61 |
| Sep 30, 2025 | 0.63 |
| Jun 30, 2025 | 0.54 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.18 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.06 |
| Mar 31, 2024 | 0.04 |
| Dec 31, 2023 | 0.03 |
| Sep 30, 2023 | 0.15 |
| Jun 30, 2023 | 0.21 |
| Mar 31, 2023 | 0.03 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.07 |
| Jun 30, 2022 | 0.07 |
| Mar 31, 2022 | 0.07 |
| Dec 31, 2021 | 0.06 |
| Sep 30, 2021 | 0.06 |
| Jun 30, 2021 | 0.01 |
| Mar 31, 2021 | 0.01 |