Innovate (VATE) Interest Coverage Ratio (2010 - 2025)
Innovate (VATE) recorded quarterly Interest Coverage Ratio of 0.6 in Q4 2025, up 128.57% quarter-over-quarter from 0.26 in Q3 2025, and up 367.13% on a YoY basis from 0.13 in Q4 2024.
Innovate (VATE) Interest Coverage Ratio (2010 - 2025) Analysis & Trends
Innovate's Interest Coverage Ratio history runs 16 years deep, the most recent figure standing at 0.6 for Q4 2025.
- In Q4 2025, Interest Coverage Ratio rose 367.13% year-over-year to 0.6; the TTM figure through Dec 2025 stood at 0.32 (down 39.94% YoY), while the FY2025 annual figure was 0.32, down 39.94% from the prior year.
- Interest Coverage Ratio was 0.6 for Q4 2025 at Innovate, up from 0.26 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 1.75 in Q2 2024 to a low of 0.62 in Q2 2021.
- Historically, Interest Coverage Ratio has averaged 0.28 across 5 years, with a median of 0.24 in 2025.
- Biggest YoY gain for Interest Coverage Ratio was 1211.96% in 2023; the steepest drop was 561.54% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 0.55 in 2021, then decreased by 13.42% to 0.48 in 2022, then soared by 52.56% to 0.73 in 2023, then tumbled by 82.51% to 0.13 in 2024, then surged by 367.13% to 0.6 in 2025.
- The last three Interest Coverage Ratio figures came in at 0.6 (Q4 2025), 0.26 (Q3 2025), and 0.23 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 4.62 |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 223.01 |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | - |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 3.26 |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 34.33 |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 3.43 |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -1.98 |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 73.32 |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | 0.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 1.75 |
| Mar 31, 2024 | 0.16 |
| Dec 31, 2023 | 0.73 |
| 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 |
| Mar 31, 2021 | -0.51 |