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
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 |