Innovate (VATE) Minority Interest (2010 - 2025)

Innovate (VATE) recorded quarterly Minority Interest of $13.9 million in Q4 2025, down 20.11% quarter-over-quarter from $17.4 million in Q3 2025, and down 10.9% on a YoY basis from $15.6 million in Q4 2024.

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

Innovate's Minority Interest history runs 15 years deep, the most recent figure standing at $13.9 million for Q4 2025.

  • In Q4 2025, Minority Interest fell 10.9% year-over-year to $13.9 million; the TTM figure through Dec 2025 stood at $13.9 million (down 10.9% YoY), while the FY2025 annual figure was $13.9 million, down 10.9% from the prior year.
  • Minority Interest was $13.9 million for Q4 2025 at Innovate, down from $17.4 million in the prior quarter.
  • In the past five years, Minority Interest ranged from a high of $70.3 million in Q3 2021 to a low of $6.2 million in Q2 2021.
  • Historically, Minority Interest has averaged $30.7 million across 5 years, with a median of $16.5 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Minority Interest soared 948.39% in 2022, then slumped 86.8% in 2023.
  • A 5-year view of Minority Interest shows it stood at $68.1 million in 2021, then decreased by 10.43% to $61.0 million in 2022, then sank by 74.75% to $15.4 million in 2023, then increased by 1.3% to $15.6 million in 2024, then decreased by 10.9% to $13.9 million in 2025.
  • The last three Minority Interest figures came in at $13.9 million (Q4 2025), $17.4 million (Q3 2025), and $17.1 million (Q2 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
Dec 31, 2025 13.90 Mn
Sep 30, 2025 17.40 Mn
Jun 30, 2025 17.10 Mn
Mar 31, 2025 15.40 Mn
Dec 31, 2024 15.60 Mn
Sep 30, 2024 15.80 Mn
Jun 30, 2024 15.90 Mn
Mar 31, 2024 38.60 Mn
Dec 31, 2023 15.40 Mn
Sep 30, 2023 8.30 Mn
Jun 30, 2023 10.10 Mn
Mar 31, 2023 12.10 Mn
Dec 31, 2022 61.00 Mn
Sep 30, 2022 62.90 Mn
Jun 30, 2022 65.00 Mn
Mar 31, 2022 66.20 Mn
Dec 31, 2021 68.10 Mn
Sep 30, 2021 70.30 Mn
Jun 30, 2021 6.20 Mn
Mar 31, 2021 18.00 Mn