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
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