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| 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 |