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
DateValue
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