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| 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 |