Innovate (VATE) Equity Ratio (2010 - 2025)
Innovate (VATE) recorded quarterly Equity Ratio of 0.24 in Q4 2025, up 6.81% quarter-over-quarter from 0.26 in Q3 2025, and down 33.18% on a YoY basis from 0.36 in Q4 2024.
Innovate (VATE) Equity Ratio (2010 - 2025) Analysis & Trends
Innovate's Equity Ratio history runs 16 years deep, the most recent figure standing at 0.24 for Q4 2025.
- In Q4 2025, Equity Ratio fell 33.18% year-over-year to 0.24; the TTM figure through Dec 2025 stood at 0.24 (down 33.18% YoY), while the FY2025 annual figure was 0.24, down 33.18% from the prior year.
- Equity Ratio was 0.24 for Q4 2025 at Innovate, up from 0.26 in the prior quarter.
- In the past five years, Equity Ratio ranged from a high of 0.07 in Q2 2021 to a low of 0.26 in Q3 2025.
- Historically, Equity Ratio has averaged 0.12 across 5 years, with a median of 0.12 in 2023.
- The sharpest annual moves came in 2021 and 2022: Equity Ratio soared 576.33% in 2021, then sank 203.07% in 2022.
- A 5-year view of Equity Ratio shows it stood at 0.05 in 2021, then tumbled by 51.26% to 0.08 in 2022, then sank by 84.78% to 0.15 in 2023, then fell by 22.98% to 0.18 in 2024, then sank by 33.18% to 0.24 in 2025.
- The last three Equity Ratio figures came in at 0.24 (Q4 2025), 0.26 (Q3 2025), and 0.23 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 0.35 |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 0.41 |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 0.41 |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 0.32 |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 0.43 |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 0.39 |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 0.28 |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 0.54 |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | 0.31 |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -0.24 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.24 |
| Sep 30, 2025 | -0.26 |
| Jun 30, 2025 | -0.23 |
| Mar 31, 2025 | -0.21 |
| Dec 31, 2024 | -0.18 |
| Sep 30, 2024 | -0.16 |
| Jun 30, 2024 | -0.14 |
| Mar 31, 2024 | -0.18 |
| Dec 31, 2023 | -0.15 |
| Sep 30, 2023 | -0.12 |
| Jun 30, 2023 | -0.12 |
| Mar 31, 2023 | -0.11 |
| Dec 31, 2022 | -0.08 |
| Sep 30, 2022 | -0.08 |
| Jun 30, 2022 | -0.08 |
| Mar 31, 2022 | -0.06 |
| Dec 31, 2021 | -0.05 |
| Sep 30, 2021 | -0.04 |
| Jun 30, 2021 | 0.07 |
| Mar 31, 2021 | 0.06 |