Innovate (VATE) Interest Coverage Ratio (2010 - 2025)

Innovate (VATE) posted quarterly Interest Coverage Ratio of 0.6 for Q4 2025, up 367.13% year-over-year from 0.13 in Q4 2024, and up 128.57% on a QoQ basis from 0.26 in Q3 2025.

Innovate (VATE) Interest Coverage Ratio (2010 - 2025) Analysis & Trends

Innovate (VATE) has reported Interest Coverage Ratio for 16 consecutive years, with 0.6 the latest figure, recorded in 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 came in at 0.6 for Q4 2025 at Innovate, up from 0.26 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 1.75 in Q2 2024, with the low at 0.62 in Q2 2021.
  • Average Interest Coverage Ratio over 5 years is 0.28, with a median of 0.24 recorded in 2025.
  • The largest YoY upside for Interest Coverage Ratio was 1211.96% in 2023 against a maximum downside of 561.54% in 2023.
  • Year by year, Interest Coverage Ratio stood at 0.55 in 2021, then declined by 13.42% to 0.48 in 2022, then soared by 52.56% to 0.73 in 2023, then plunged by 82.51% to 0.13 in 2024, then surged by 367.13% to 0.6 in 2025.
  • According to Business Quant data, Interest Coverage Ratio over the past three periods registered 0.6, 0.26, and 0.23 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn -
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 4.62
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 3.26
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 34.33
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 3.43
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn -1.98
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 73.32
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 4.90
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 16.81
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn 0.60

Historic Data

Download Data
DateValue
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