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| Date | Value |
|---|---|
| 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 |