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
DateValue
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