Innovate (VATE) EV to FCF (2010 - 2025)
Innovate (VATE) posted EV to FCF of 0.35 for Q4 2025, down 108.15% on a QoQ basis from 4.27 in Q3 2025, and down 144.69% year-over-year from 0.78 in Q4 2024.
Analysis
Innovate (VATE) EV to FCF (2010 - 2025) Analysis & Trends
Innovate has reported EV to FCF for 16 years, with the latest figure at 0.35 in Q4 2025.
- On a quarterly basis, EV to FCF fell 144.69% year-over-year to 0.35 in Q4 2025; TTM through Dec 2025 was 0.27, a 89.95% increase from a year earlier, with the FY2025 full-year figure at 0.27, up 89.95% from the prior year.
- EV to FCF was 0.35 for Q4 2025 at Innovate, down from 4.27 in the prior quarter.
- The five-year high for EV to FCF was 11.34 in Q2 2023, with the low at 18.27 in Q2 2021.
- Average EV to FCF over 5 years is 1.31, with a median of 0.28 recorded in 2024.
- The sharpest annual moves came in 2021 and 2025: EV to FCF sank 9425.73% in 2021, then jumped 923.48% in 2025.
- Over 5 years, EV to FCF stood at 4.68 in 2021, then slumped by 53.18% to 2.19 in 2022, then slumped by 74.17% to 0.57 in 2023, then jumped by 37.76% to 0.78 in 2024, then plunged by 144.69% to 0.35 in 2025.
- The last three EV to FCF figures came in at 0.35 (Q4 2025), 4.27 (Q3 2025), and 1.69 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -0.35 |
| Sep 30, 2025 | 4.27 |
| Jun 30, 2025 | 1.69 |
| Mar 31, 2025 | -4.58 |
| Dec 31, 2024 | 0.78 |
| Sep 30, 2024 | -0.63 |
| Jun 30, 2024 | -0.21 |
| Mar 31, 2024 | -1.81 |
| Dec 31, 2023 | 0.57 |
| Sep 30, 2023 | 4.67 |
| Jun 30, 2023 | 11.34 |
| Mar 31, 2023 | -2.99 |
| Dec 31, 2022 | 2.19 |
| Sep 30, 2022 | -1.67 |
| Jun 30, 2022 | 5.10 |
| Mar 31, 2022 | -4.81 |
| Dec 31, 2021 | 4.68 |
| Sep 30, 2021 | -15.93 |
| Jun 30, 2021 | -18.27 |
| Mar 31, 2021 | -10.20 |