Innovate (VATE) Debt to Equity (2010 - 2025)

Innovate (VATE) posted quarterly Debt to Equity of -$2.57 for Q4 2025, down 152.43% year-over-year from $4.9 in Q4 2024, and down 4.87% on a QoQ basis from -$2.45 in Q3 2025.

Innovate (VATE) Debt to Equity (2010 - 2025) Analysis & Trends

Innovate (VATE) has reported Debt to Equity for 16 consecutive years, with -$2.57 the latest figure, recorded in 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 came in at -$2.57 for Q4 2025 at Innovate, down from -$2.45 in the prior quarter.
  • The five-year high for Debt to Equity was $0.2 in Q1 2021, with the low at -$2.84 in Q1 2025.
  • Average Debt to Equity over 5 years is -$1.1, with a median of -$1.09 recorded in 2022.
  • Across the five-year window, Debt to Equity soared 77.07% in 2024 and tumbled 1338.51% in 2025, its largest moves.
  • Year by year, Debt to Equity 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 plunged by 406.43% to -$1.02 in 2024, then sank by 152.43% to -$2.57 in 2025.
  • According to Business Quant data, Debt to Equity over the past three periods registered -$2.57, -$2.45, and -$2.31 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn -
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 0.65
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 0.77
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 0.24
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 0.79
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn 1.24
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 0.03
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 1.10
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 0.40
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn -2.57

Historic Data

Download Data
DateValue
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