Innovate (VATE) Other Working Capital Changes (2010 - 2025)
Innovate (VATE) recorded Other Working Capital Changes of -$3.6 million in Q4 2025, compared with $23.6 million a year earlier.
Powered by 
Analysis
Innovate (VATE) Other Working Capital Changes (2010 - 2025) Analysis & Trends
For FY2025, Innovate reported Other Working Capital Changes of $62.8 million.
- Across earlier years, Other Working Capital Changes came in at -$44.4 million in FY2024, $54.9 million in FY2023 (+181.5%), $19.5 million in FY2022 and -$12 million in FY2021.
- Quarterly Other Working Capital Changes has ranged from -$52.6 million in Q2 2024 to $77.5 million in Q2 2025 over the past five years.
- Per Business Quant, the preceding three quarters came in at $2.7 million (Q3 2025), $77.5 million (Q2 2025) and -$13.8 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Quanta Services | 90.44 Bn | 88.52 Bn | 1.55 Bn |
| 2 | Ferrovial | 35.99 Bn | 14.24 Bn | - |
| 3 | Emcor | 31.14 Bn | 27.53 Bn | 1.02 Bn |
| 4 | Jacobs Solutions | 16.74 Bn | 11.40 Bn | 810.70 Mn |
| 5 | Mastec | 14.13 Bn | 12.91 Bn | 556.28 Mn |
| 6 | Sterling Infrastructure | 12.80 Bn | 11.12 Bn | 289.96 Mn |
| 7 | IES Holdings | 9.51 Bn | 8.36 Bn | 340.66 Mn |
| 8 | Stantec | 8.00 Bn | 6.92 Bn | 1.36 Bn |
| 9 | Aecom | 7.64 Bn | 2.77 Bn | -34.04 Mn |
| 10 | Innovate | 76.30 Mn | -183.00 Mn | 79.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 10.50 Mn |
| Sep 30, 2025 | 3.10 Mn |
| Jun 30, 2025 | 129.80 Mn |
| Mar 31, 2025 | -43.00 Mn |
| Dec 31, 2024 | 31.50 Mn |
| Sep 30, 2024 | -7.80 Mn |
| Jun 30, 2024 | -70.80 Mn |
| Mar 31, 2024 | 10.50 Mn |
| Dec 31, 2023 | 55.40 Mn |
| Sep 30, 2023 | 40.90 Mn |
| Jun 30, 2023 | 18.50 Mn |
| Mar 31, 2023 | -7.20 Mn |
| Dec 31, 2022 | 400,000.00 |
| Sep 30, 2022 | -2.70 Mn |
| Jun 30, 2022 | 28.50 Mn |
| Mar 31, 2022 | -47.80 Mn |
| Dec 31, 2021 | -500,000.00 |
| Sep 30, 2021 | 17.40 Mn |
| Jun 30, 2021 | -23.00 Mn |
| Mar 31, 2021 | -7.20 Mn |
API Access
Innovate Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "VATE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();