Innovate (VATE) Free Cash Flow (2010 - 2025)
Innovate (VATE) posted quarterly Free Cash Flow of $93.6 million for Q4 2025, up 173.68% year-over-year from $34.2 million in Q4 2024, and up 721.05% quarter-over-quarter from $11.4 million in Q3 2025.
Innovate (VATE) Free Cash Flow (2010 - 2025) Analysis & Trends
Innovate's Free Cash Flow history runs 16 years deep, the most recent figure standing at $93.6 million for Q4 2025.
- In Q4 2025, Free Cash Flow rose 173.68% year-over-year to $93.6 million; the TTM figure through Dec 2025 stood at $120.5 million (up 1317.17% YoY), while the FY2025 annual figure was $120.5 million, up 1317.17% from the prior year.
- Free Cash Flow for Q4 2025 stood at $93.6 million, up from $11.4 million in the prior quarter.
- The five-year high for Free Cash Flow was $95.9 million in Q4 2022, with the low at -$74.5 million in Q1 2023.
- The 5-year median for Free Cash Flow is $9.0 million (2023), against an average of $6.4 million.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow soared 254.6% in 2022, then tumbled 709.09% in 2024.
- Innovate's Free Cash Flow stood at $66.0 million in 2021, then jumped by 45.3% to $95.9 million in 2022, then sank by 40.88% to $56.7 million in 2023, then sank by 39.68% to $34.2 million in 2024, then surged by 173.68% to $93.6 million in 2025.
- Business Quant data shows VATE's Free Cash Flow at $93.6 million in Q4 2025, $11.4 million in Q3 2025, and $34.3 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 864.49 Mn |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 998.06 Mn |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 258.21 Mn |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | -146.84 Mn |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 162.02 Mn |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 52.00 Mn |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | -504.90 Mn |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 63.80 Mn |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 93.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 93.60 Mn |
| Dec 31, 2025 | 93.60 Mn |
| Sep 30, 2025 | 11.40 Mn |
| Sep 30, 2025 | 11.40 Mn |
| Jun 30, 2025 | 34.30 Mn |
| Jun 30, 2025 | 34.30 Mn |
| Mar 31, 2025 | -18.80 Mn |
| Mar 31, 2025 | -18.80 Mn |
| Dec 31, 2024 | 34.20 Mn |
| Dec 31, 2024 | 34.20 Mn |
| Sep 30, 2024 | -40.20 Mn |
| Sep 30, 2024 | -40.20 Mn |
| Jun 30, 2024 | 18.70 Mn |
| Jun 30, 2024 | 18.70 Mn |
| Mar 31, 2024 | -22.60 Mn |
| Mar 31, 2024 | -22.60 Mn |
| Dec 31, 2023 | 56.70 Mn |
| Dec 31, 2023 | 56.70 Mn |
| Sep 30, 2023 | 6.60 Mn |
| Sep 30, 2023 | 6.60 Mn |