Innovate (VATE) Equity Average (2011 - 2025)

Innovate (VATE) posted quarterly Equity Average of -$229.8 million for Q4 2025, down 52.96% year-over-year from -$488.4 million in Q4 2024, and down 4.5% on a QoQ basis from -$219.8 million in Q3 2025.

Innovate (VATE) Equity Average (2011 - 2025) Analysis & Trends

Innovate (VATE) has reported Equity Average for 15 consecutive years, with -$229.8 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Equity Average fell 52.96% year-over-year to -$229.8 million; the TTM figure through Dec 2025 stood at -$229.8 million (down 52.96% YoY), while the FY2025 annual figure was -$192.8 million, down 23.95% from the prior year.
  • Equity Average came in at -$229.8 million for Q4 2025 at Innovate, down from -$219.8 million in the prior quarter.
  • The five-year high for Equity Average was $506.8 million in Q1 2021, with the low at -$229.8 million in Q4 2025.
  • Average Equity Average over 5 years is -$54.6 million, with a median of -$127.4 million recorded in 2023.
  • Across the five-year window, Equity Average surged 117.29% in 2021 and plunged 138.44% in 2022, its largest moves.
  • Year by year, Equity Average stood at -$55.4 million in 2021, then plunged by 64.2% to -$91.0 million in 2022, then sank by 57.55% to -$143.4 million in 2023, then retreated by 4.71% to -$150.2 million in 2024, then slumped by 52.96% to -$229.8 million in 2025.
  • According to Business Quant data, Equity Average over the past three periods registered -$229.8 million, -$219.8 million, and -$195.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (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 8.99 Bn
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 3.32 Bn
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 1.15 Bn
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 3.45 Bn
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn 3.37 Bn
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 1.02 Bn
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 2.46 Bn
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 658.38 Mn
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn -229.75 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -229.75 Mn
Sep 30, 2025 -219.85 Mn
Jun 30, 2025 -195.35 Mn
Mar 31, 2025 -171.80 Mn
Dec 31, 2024 -150.20 Mn
Sep 30, 2024 -133.60 Mn
Jun 30, 2024 -149.65 Mn
Mar 31, 2024 -162.45 Mn
Dec 31, 2023 -143.45 Mn
Sep 30, 2023 -131.65 Mn
Jun 30, 2023 -123.10 Mn
Mar 31, 2023 -104.35 Mn
Dec 31, 2022 -91.05 Mn
Sep 30, 2022 -87.80 Mn
Jun 30, 2022 -76.70 Mn
Mar 31, 2022 -62.75 Mn
Dec 31, 2021 -55.45 Mn
Sep 30, 2021 228.40 Mn
Jun 30, 2021 462.50 Mn
Mar 31, 2021 506.85 Mn