Innovate (VATE) Debt Ratio (2010 - 2025)

Innovate (VATE) posted quarterly Debt Ratio of 0.63 for Q4 2025, up 208.19% year-over-year from 0.2 in Q4 2024, and little changed quarter-over-quarter from 0.63 in Q3 2025.

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

Innovate's Debt Ratio history runs 16 years deep, the most recent figure standing at 0.63 for Q4 2025.

  • In Q4 2025, Debt Ratio rose 208.19% year-over-year to 0.63; the TTM figure through Dec 2025 stood at 0.63 (up 208.19% YoY), while the FY2025 annual figure was 0.63, up 208.19% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.63, roughly flat from 0.63 in the prior quarter.
  • The five-year high for Debt Ratio was 0.66 in Q1 2025, with the low at 0.01 in Q1 2021.
  • The 5-year median for Debt Ratio is 0.14 (2022), against an average of 0.23.
  • The sharpest annual moves came in 2021 and 2025: Debt Ratio sank 83.95% in 2021, then soared 1599.78% in 2025.
  • Innovate's Debt Ratio stood at 0.09 in 2021, then advanced by 29.89% to 0.12 in 2022, then slumped by 47.65% to 0.06 in 2023, then jumped by 224.03% to 0.2 in 2024, then jumped by 208.19% to 0.63 in 2025.
  • Business Quant data shows VATE's Debt Ratio at 0.63 in Q4 2025, 0.63 in Q3 2025, and 0.57 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Quanta Services 102.18 Bn 101.77 Bn 1.55 Bn 0.22
2 Comfort Systems Usa 72.82 Bn 70.97 Bn 844.23 Mn 0.01
3 Ferrovial 47.62 Bn 42.63 Bn - 0.04
4 Emcor 36.31 Bn 35.39 Bn 1.02 Bn -
5 Mastec 20.38 Bn 20.19 Bn 556.28 Mn 0.25
6 Sterling Infrastructure 19.23 Bn 18.73 Bn 194.30 Mn 0.10
7 APi 17.20 Bn 16.35 Bn 703.00 Mn 0.38
8 Jacobs Solutions 16.40 Bn 15.02 Bn 794.89 Mn 0.34
9 IES Holdings 15.99 Bn 15.73 Bn 340.66 Mn -
10 Innovate 101.71 Mn 507,135.29 58.90 Mn 0.63

Historic Data

Download Data
DateValue
Dec 31, 2025 0.63
Sep 30, 2025 0.63
Jun 30, 2025 0.57
Mar 31, 2025 0.66
Dec 31, 2024 0.20
Sep 30, 2024 0.29
Jun 30, 2024 0.08
Mar 31, 2024 0.04
Dec 31, 2023 0.06
Sep 30, 2023 0.23
Jun 30, 2023 0.30
Mar 31, 2023 0.04
Dec 31, 2022 0.12
Sep 30, 2022 0.08
Jun 30, 2022 0.07
Mar 31, 2022 0.17
Dec 31, 2021 0.09
Sep 30, 2021 0.33
Jun 30, 2021 0.01
Mar 31, 2021 0.01