Innovate (VATE) Debt to Equity (2010 - 2025)
Innovate (VATE) recorded quarterly Debt to Equity of -$2.57 in Q4 2025, down 4.87% quarter-over-quarter from -$2.45 in Q3 2025, and down 152.43% on a YoY basis from $4.9 in Q4 2024.
Innovate (VATE) Debt to Equity (2010 - 2025) Analysis & Trends
Innovate's Debt to Equity history runs 16 years deep, the most recent figure standing at -$2.57 for Q4 2025.
- In Q4 2025, Debt to Equity fell 152.43% year-over-year to -$2.57; the TTM figure through Dec 2025 stood at -$2.57 (down 152.43% YoY), while the FY2025 annual figure was -$2.57, down 152.43% from the prior year.
- Debt to Equity was -$2.57 for Q4 2025 at Innovate, down from -$2.45 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.2 in Q1 2021 to a low of -$2.84 in Q1 2025.
- Historically, Debt to Equity has averaged -$1.1 across 5 years, with a median of -$1.09 in 2022.
- The sharpest annual moves came in 2024 and 2025: Debt to Equity soared 77.07% in 2024, then slumped 1338.51% in 2025.
- A 5-year view of Debt to Equity shows it stood at -$1.24 in 2021, then surged by 72.69% to -$0.34 in 2022, then soared by 40.47% to -$0.2 in 2023, then tumbled by 406.43% to -$1.02 in 2024, then plunged by 152.43% to -$2.57 in 2025.
- The last three Debt to Equity figures came in at -$2.57 (Q4 2025), -$2.45 (Q3 2025), and -$2.31 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 0.65 |
| 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 | 0.77 |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 0.24 |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 0.79 |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 1.24 |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 0.03 |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | 1.51 |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -2.57 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.57 |
| Sep 30, 2025 | -2.45 |
| Jun 30, 2025 | -2.31 |
| Mar 31, 2025 | -2.84 |
| Dec 31, 2024 | -1.02 |
| Sep 30, 2024 | -1.34 |
| Jun 30, 2024 | -0.40 |
| Mar 31, 2024 | -0.20 |
| Dec 31, 2023 | -0.20 |
| Sep 30, 2023 | -1.20 |
| Jun 30, 2023 | -1.74 |
| Mar 31, 2023 | -0.28 |
| Dec 31, 2022 | -0.34 |
| Sep 30, 2022 | -0.89 |
| Jun 30, 2022 | -0.87 |
| Mar 31, 2022 | -1.16 |
| Dec 31, 2021 | -1.24 |
| Sep 30, 2021 | -1.30 |
| Jun 30, 2021 | 0.14 |
| Mar 31, 2021 | 0.20 |