Innovate (VATE) Interest Expenses (2010 - 2025)
Innovate (VATE) posted quarterly Interest Expenses of $24.0 million for Q4 2025, up 22.45% year-over-year from $19.6 million in Q4 2024, and up 2.56% on a QoQ basis from $23.4 million in Q3 2025.
Innovate (VATE) Interest Expenses (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported Interest Expenses for 16 consecutive years, with $24.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Interest Expenses rose 22.45% year-over-year to $24.0 million; the TTM figure through Dec 2025 stood at $89.0 million (up 19.46% YoY), while the FY2025 annual figure was $89.0 million, up 19.46% from the prior year.
- Interest Expenses came in at $24.0 million for Q4 2025 at Innovate, up from $23.4 million in the prior quarter.
- The five-year high for Interest Expenses was $24.0 million in Q4 2025, with the low at $12.4 million in Q2 2021.
- Average Interest Expenses over 5 years is $17.1 million, with a median of $16.8 million recorded in 2023.
- Across the five-year window, Interest Expenses tumbled 41.12% in 2022 and soared 41.18% in 2023, its largest moves.
- Year by year, Interest Expenses stood at $12.5 million in 2021, then increased by 8.8% to $13.6 million in 2022, then jumped by 41.18% to $19.2 million in 2023, then advanced by 2.08% to $19.6 million in 2024, then gained by 22.45% to $24.0 million in 2025.
- According to Business Quant data, Interest Expenses over the past three periods registered $24.0 million, $23.4 million, and $21.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (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 | 73.27 Mn |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 43.46 Mn |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 4.01 Mn |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 30.00 Mn |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 41.08 Mn |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 1.53 Mn |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 50.57 Mn |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 4.62 Mn |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 24.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 24.00 Mn |
| Dec 31, 2025 | 24.00 Mn |
| Sep 30, 2025 | 23.40 Mn |
| Sep 30, 2025 | 23.40 Mn |
| Jun 30, 2025 | 21.40 Mn |
| Jun 30, 2025 | 21.40 Mn |
| Mar 31, 2025 | 20.20 Mn |
| Mar 31, 2025 | 20.20 Mn |
| Dec 31, 2024 | 19.60 Mn |
| Dec 31, 2024 | 19.60 Mn |
| Sep 30, 2024 | 21.20 Mn |
| Sep 30, 2024 | 21.20 Mn |
| Jun 30, 2024 | 16.50 Mn |
| Jun 30, 2024 | 16.50 Mn |
| Mar 31, 2024 | 17.20 Mn |
| Mar 31, 2024 | 17.20 Mn |
| Dec 31, 2023 | 19.20 Mn |
| Dec 31, 2023 | 19.20 Mn |
| Sep 30, 2023 | 17.10 Mn |
| Sep 30, 2023 | 17.10 Mn |