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| 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 |