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