Innovate (VATE) Equity Average (2011 - 2025)
Innovate (VATE) recorded quarterly Equity Average of -$229.8 million in Q4 2025, down 4.5% quarter-over-quarter from -$219.8 million in Q3 2025, and down 52.96% on a YoY basis from -$488.4 million in Q4 2024.
Innovate (VATE) Equity Average (2011 - 2025) Analysis & Trends
Innovate's Equity Average history runs 15 years deep, the most recent figure standing at -$229.8 million for 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 was -$229.8 million for Q4 2025 at Innovate, down from -$219.8 million in the prior quarter.
- In the past five years, Equity Average ranged from a high of $506.8 million in Q1 2021 to a low of -$229.8 million in Q4 2025.
- Historically, Equity Average has averaged -$54.6 million across 5 years, with a median of -$127.4 million in 2023.
- The sharpest annual moves came in 2021 and 2022: Equity Average surged 117.29% in 2021, then tumbled 138.44% in 2022.
- A 5-year view of Equity Average shows it stood at -$55.4 million in 2021, then tumbled by 64.2% to -$91.0 million in 2022, then plunged by 57.55% to -$143.4 million in 2023, then dropped by 4.71% to -$150.2 million in 2024, then sank by 52.96% to -$229.8 million in 2025.
- The last three Equity Average figures came in at -$229.8 million (Q4 2025), -$219.8 million (Q3 2025), and -$195.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 8.99 Bn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 2.63 Bn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 3.77 Bn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 3.32 Bn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 1.15 Bn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 3.45 Bn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 3.37 Bn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 1.02 Bn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | 1.67 Bn |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -229.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |