Innovate VATE
NYSE VATE
$7.17 +0.10 (+1.41%)
At close: Sep 11, 2026 · 4:00 PM EDT

Innovate (VATE) Interest Coverage Ratio (2010 - 2026)

Innovate (VATE) posted Interest Coverage Ratio of 1.25 for Q2 2026, up 109.79% on a QoQ basis from 0.6 in Q4 2025, and up 445.92% year-over-year from 0.23 in Q2 2025.

Analysis

Innovate (VATE) Interest Coverage Ratio (2010 - 2026) Analysis & Trends

Innovate has reported Interest Coverage Ratio for 17 years, with the latest figure at 1.25 in Q2 2026.

  • On a quarterly basis, Interest Coverage Ratio rose 445.92% year-over-year to 1.25 in Q2 2026; TTM through Jun 2026 was 0.62, a 70.56% decrease from a year earlier, with the FY2025 full-year figure at 0.32, down 99.98% from the prior year.
  • Interest Coverage Ratio was 1.25 for Q2 2026 at Innovate, up from 0.6 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 1.75 in Q2 2024, with the low at 0.29 in Q4 2023.
  • Average Interest Coverage Ratio over 5 years is 0.36, with a median of 0.26 recorded in 2025.
  • The sharpest annual moves came in 2023 and 2025: Interest Coverage Ratio sank 561.54% in 2023, then jumped 1407.85% in 2025.
  • Over 5 years, Interest Coverage Ratio stood at 0.48 in 2022, then sank by 161.67% to 0.29 in 2023, then surged by 84.54% to 0.05 in 2024, then surged by 1407.85% to 0.6 in 2025, then soared by 109.79% to 1.25 in 2026.
  • The last three Interest Coverage Ratio figures came in at 1.25 (Q2 2026), 0.6 (Q4 2025), and 0.26 (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (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 5.25
4 Sterling Infrastructure 15.68 Bn 15.25 Bn 289.96 Mn 70.87
5 Aecom 8.18 Bn 7.37 Bn -34.04 Mn -1.59
6 Stantec 7.95 Bn 7.95 Bn 1.36 Bn -
7 Fluor 7.35 Bn 4.40 Bn 179.00 Mn 12.27
8 Argan 5.81 Bn 5.26 Bn 74.22 Mn -
9 Installed Building Products 5.43 Bn 5.03 Bn 258.90 Mn 9.01
10 Innovate 97.81 Mn 24.61 Mn 79.50 Mn 1.25
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.25
Dec 31, 2025 0.60
Sep 30, 2025 0.26
Jun 30, 2025 0.23
Mar 31, 2025 0.17
Dec 31, 2024 -0.05
Sep 30, 2024 0.28
Jun 30, 2024 1.75
Mar 31, 2024 0.16
Dec 31, 2023 -0.29
Sep 30, 2023 0.63
Jun 30, 2023 0.36
Mar 31, 2023 -0.26
Dec 31, 2022 0.48
Sep 30, 2022 0.50
Jun 30, 2022 -0.03
Mar 31, 2022 0.06
Dec 31, 2021 0.55
Sep 30, 2021 0.09
Jun 30, 2021 -0.62