Innovate (VATE) Invested Capital (2010 - 2025)

Innovate (VATE) posted quarterly Invested Capital of -$145.9 million for Q4 2025, down 142.75% year-over-year from $341.3 million in Q4 2024, and down 7.28% on a QoQ basis from -$136.0 million in Q3 2025.

Innovate (VATE) Invested Capital (2010 - 2025) Analysis & Trends

Innovate (VATE) has reported Invested Capital for 16 consecutive years, with -$145.9 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Invested Capital fell 142.75% year-over-year to -$145.9 million; the TTM figure through Dec 2025 stood at -$145.9 million (down 142.75% YoY), while the FY2025 annual figure was -$145.9 million, down 142.75% from the prior year.
  • Invested Capital came in at -$145.9 million for Q4 2025 at Innovate, down from -$136.0 million in the prior quarter.
  • The five-year high for Invested Capital was $1.1 billion in Q2 2021, with the low at -$145.9 million in Q4 2025.
  • Average Invested Capital over 5 years is $422.1 million, with a median of $505.3 million recorded in 2021.
  • Across the five-year window, Invested Capital jumped 538.14% in 2021 and slumped 142.75% in 2025, its largest moves.
  • Year by year, Invested Capital stood at $500.6 million in 2021, then rose by 18.5% to $593.2 million in 2022, then dropped by 11.06% to $527.6 million in 2023, then tumbled by 35.31% to $341.3 million in 2024, then plunged by 142.75% to -$145.9 million in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered -$145.9 million, -$136.0 million, and -$46.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn 193.60 Mn
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 9.64 Bn
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 3.47 Bn
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 1.20 Bn
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 6.25 Bn
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn 3.29 Bn
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 1.11 Bn
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 5.22 Bn
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 964.97 Mn
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn -145.90 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -145.90 Mn
Sep 30, 2025 -136.00 Mn
Jun 30, 2025 -46.30 Mn
Mar 31, 2025 -44.40 Mn
Dec 31, 2024 341.30 Mn
Sep 30, 2024 361.30 Mn
Jun 30, 2024 512.20 Mn
Mar 31, 2024 468.30 Mn
Dec 31, 2023 527.60 Mn
Sep 30, 2023 451.60 Mn
Jun 30, 2023 391.50 Mn
Mar 31, 2023 546.20 Mn
Dec 31, 2022 593.20 Mn
Sep 30, 2022 536.40 Mn
Jun 30, 2022 510.00 Mn
Mar 31, 2022 531.70 Mn
Dec 31, 2021 500.60 Mn
Sep 30, 2021 548.10 Mn
Jun 30, 2021 1.12 Bn
Mar 31, 2021 876.80 Mn