Innovate (VATE) Price to FCF (2010 - 2025)
Innovate (VATE) posted Price to FCF of 0.66 for Q4 2025, down 88.74% on a QoQ basis from 5.86 in Q3 2025, and down 57.32% year-over-year from 1.55 in Q4 2024.
Analysis
Innovate (VATE) Price to FCF (2010 - 2025) Analysis & Trends
Innovate has reported Price to FCF for 16 years, with the latest figure at 0.66 in Q4 2025.
- On a quarterly basis, Price to FCF fell 57.32% year-over-year to 0.66 in Q4 2025; TTM through Dec 2025 was 0.51, a 109.6% increase from a year earlier, with the FY2025 full-year figure at 0.51, up 109.6% from the prior year.
- Price to FCF was 0.66 for Q4 2025 at Innovate, down from 5.86 in the prior quarter.
- The five-year high for Price to FCF was 11.85 in Q2 2023, with the low at 19.0 in Q2 2021.
- Average Price to FCF over 5 years is 0.98, with a median of 1.1 recorded in 2025.
- The sharpest annual moves came in 2021 and 2023: Price to FCF plunged 587.05% in 2021, then soared 728.34% in 2023.
- Over 5 years, Price to FCF stood at 4.36 in 2021, then plunged by 42.09% to 2.53 in 2022, then slumped by 31.98% to 1.72 in 2023, then slipped by 10.11% to 1.55 in 2024, then tumbled by 57.32% to 0.66 in 2025.
- The last three Price to FCF figures came in at 0.66 (Q4 2025), 5.86 (Q3 2025), and 2.0 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.66 |
| Sep 30, 2025 | 5.86 |
| Jun 30, 2025 | 2.00 |
| Mar 31, 2025 | -5.53 |
| Dec 31, 2024 | 1.55 |
| Sep 30, 2024 | -1.55 |
| Jun 30, 2024 | 2.91 |
| Mar 31, 2024 | -1.80 |
| Dec 31, 2023 | 1.72 |
| Sep 30, 2023 | 6.29 |
| Jun 30, 2023 | 11.85 |
| Mar 31, 2023 | -2.91 |
| Dec 31, 2022 | 2.53 |
| Sep 30, 2022 | -1.00 |
| Jun 30, 2022 | 3.96 |
| Mar 31, 2022 | -4.26 |
| Dec 31, 2021 | 4.36 |
| Sep 30, 2021 | -15.63 |
| Jun 30, 2021 | -19.00 |
| Mar 31, 2021 | -11.58 |