Innovate (VATE) Debt Ratio (2010 - 2025)

Innovate (VATE) recorded quarterly Debt Ratio of 0.61 in Q4 2025, down 2.27% quarter-over-quarter from 0.63 in Q3 2025, and up 236.19% on a YoY basis from 0.18 in Q4 2024.

Innovate (VATE) Debt Ratio (2010 - 2025) Analysis & Trends

Innovate's Debt Ratio history runs 16 years deep, the most recent figure standing at 0.61 for 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 was 0.61 for Q4 2025 at Innovate, down from 0.63 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.63 in Q3 2025 to a low of 0.01 in Q2 2021.
  • Historically, Debt Ratio has averaged 0.18 across 5 years, with a median of 0.07 in 2022.
  • The sharpest annual moves came in 2021 and 2025: Debt Ratio slumped 84.52% in 2021, then jumped 1563.84% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.06 in 2021, then slumped by 58.69% to 0.03 in 2022, then grew 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.
  • The last three Debt Ratio figures came in at 0.61 (Q4 2025), 0.63 (Q3 2025), and 0.54 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 0.23
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 0.01
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn -
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 0.24
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 0.10
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 0.31
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 0.34
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 0.02
9 Dycom Industries 13.61 Bn 12.90 Bn - 0.47
10 Innovate 231.31 Mn 133.11 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