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
DateValue
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