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
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