Innovate (VATE) Interest Coverage Ratio (2010 - 2026)
Innovate's Interest Coverage Ratio came in at 1.25 for Q2 2026, up 445.9% from 0.23 a year earlier.
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Analysis
Innovate (VATE) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Innovate reported Interest Coverage Ratio of 0.62, down 70.6% year-over-year; for FY2025, it was 0.32, down 100.0% from FY2024.
- Going back by year, Interest Coverage Ratio was 1600.00 in FY2024, 17.67 in FY2023, 0.26 in FY2022 and -0.18 in FY2021.
- The Q2 2026 figure represents the highest quarterly Interest Coverage Ratio since Q2 2024.
- Year-over-year, Interest Coverage Ratio increased in two of the last six quarters, with growth averaging 36.0%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q3 2022 (growth of 477.4%), and the weakest in Q2 2025 (a decline of 86.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 90.54 Bn | 88.62 Bn | 1.55 Bn | 9.45 |
| 2 | Ferrovial | 36.11 Bn | 14.36 Bn | - | - |
| 3 | Emcor | 30.66 Bn | 27.05 Bn | 1.02 Bn | - |
| 4 | Jacobs Solutions | 16.65 Bn | 11.31 Bn | 810.70 Mn | 5.25 |
| 5 | Mastec | 14.16 Bn | 12.95 Bn | 556.28 Mn | 4.79 |
| 6 | Sterling Infrastructure | 12.71 Bn | 11.04 Bn | 289.96 Mn | 70.87 |
| 7 | IES Holdings | 9.33 Bn | 8.19 Bn | 340.66 Mn | 177.31 |
| 8 | Stantec | 7.97 Bn | 6.90 Bn | 1.36 Bn | 10.57 |
| 9 | Aecom | 7.67 Bn | 2.79 Bn | -34.04 Mn | -1.59 |
| 10 | Innovate | 76.30 Mn | -183.00 Mn | 79.50 Mn | 1.25 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Innovate Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "VATE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();