Innovate (VATE) Payables (2010 - 2025)
Innovate (VATE) recorded quarterly Payables of $141.4 million in Q4 2025, up 41.54% quarter-over-quarter from $99.9 million in Q3 2025, and up 66.75% on a YoY basis from $84.8 million in Q4 2024.
Innovate (VATE) Payables (2010 - 2025) Analysis & Trends
Innovate's Payables history runs 16 years deep, the most recent figure standing at $141.4 million for Q4 2025.
- In Q4 2025, Payables rose 66.75% year-over-year to $141.4 million; the TTM figure through Dec 2025 stood at $141.4 million (up 66.75% YoY), while the FY2025 annual figure was $141.4 million, up 66.75% from the prior year.
- Payables was $141.4 million for Q4 2025 at Innovate, up from $99.9 million in the prior quarter.
- In the past five years, Payables ranged from a high of $213.0 million in Q3 2022 to a low of $70.2 million in Q1 2021.
- Historically, Payables has averaged $141.1 million across 5 years, with a median of $142.2 million in 2023.
- The sharpest annual moves came in 2021 and 2022: Payables slumped 79.01% in 2021, then surged 185.47% in 2022.
- A 5-year view of Payables shows it stood at $179.2 million in 2021, then gained by 13.0% to $202.5 million in 2022, then declined by 29.43% to $142.9 million in 2023, then sank by 40.66% to $84.8 million in 2024, then jumped by 66.75% to $141.4 million in 2025.
- The last three Payables figures came in at $141.4 million (Q4 2025), $99.9 million (Q3 2025), and $80.2 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 4.74 Bn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 719.59 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 1.15 Bn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 1.32 Bn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 234.48 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 506.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 1.48 Bn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 546.49 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | 497.26 Mn |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | 141.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 141.40 Mn |
| Sep 30, 2025 | 99.90 Mn |
| Jun 30, 2025 | 80.20 Mn |
| Mar 31, 2025 | 104.70 Mn |
| Dec 31, 2024 | 84.80 Mn |
| Sep 30, 2024 | 83.70 Mn |
| Jun 30, 2024 | 90.40 Mn |
| Mar 31, 2024 | 122.90 Mn |
| Dec 31, 2023 | 142.90 Mn |
| Sep 30, 2023 | 149.20 Mn |
| Jun 30, 2023 | 188.70 Mn |
| Mar 31, 2023 | 167.00 Mn |
| Dec 31, 2022 | 202.50 Mn |
| Sep 30, 2022 | 213.00 Mn |
| Jun 30, 2022 | 182.40 Mn |
| Mar 31, 2022 | 200.40 Mn |
| Dec 31, 2021 | 179.20 Mn |
| Sep 30, 2021 | 183.20 Mn |
| Jun 30, 2021 | 135.10 Mn |
| Mar 31, 2021 | 70.20 Mn |