Innovate (VATE) Interest Expenses (2010 - 2025)

Innovate (VATE) recorded quarterly Interest Expenses of $24.0 million in Q4 2025, up 2.56% quarter-over-quarter from $23.4 million in Q3 2025, and up 22.45% on a YoY basis from $19.6 million in Q4 2024.

Innovate (VATE) Interest Expenses (2010 - 2025) Analysis & Trends

Innovate's Interest Expenses history runs 16 years deep, the most recent figure standing at $24.0 million for 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 was $24.0 million for Q4 2025 at Innovate, up from $23.4 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $24.0 million in Q4 2025 to a low of $12.4 million in Q2 2021.
  • Historically, Interest Expenses has averaged $17.1 million across 5 years, with a median of $16.8 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Interest Expenses slumped 41.12% in 2022, then soared 41.18% in 2023.
  • A 5-year view of Interest Expenses shows it stood at $12.5 million in 2021, then advanced by 8.8% to $13.6 million in 2022, then jumped by 41.18% to $19.2 million in 2023, then increased by 2.08% to $19.6 million in 2024, then grew by 22.45% to $24.0 million in 2025.
  • The last three Interest Expenses figures came in at $24.0 million (Q4 2025), $23.4 million (Q3 2025), and $21.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 73.27 Mn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 2.18 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn -
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 43.46 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 4.01 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 30.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 41.08 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 1.53 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - -
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn 24.00 Mn

Historic Data

Download Data
DateValue
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