Innovate (VATE) Return on Capital Employed (2011 - 2025)
Innovate (VATE) recorded quarterly Return on Capital Employed of 28.01% in Q4 2025, down 19.76% quarter-over-quarter from 23.39% in Q3 2025, and down 3774.0% on a YoY basis from 0.76% in Q4 2024.
Innovate (VATE) Return on Capital Employed (2011 - 2025) Analysis & Trends
Innovate's Return on Capital Employed history runs 11 years deep, the most recent figure standing at 28.01% for Q4 2025.
- In Q4 2025, Return on Capital Employed fell 3774.0% year-over-year to 28.01%; the TTM figure through Dec 2025 stood at 28.01% (down 3774.0% YoY), while the FY2025 annual figure was 25.29%, down 3354.0% from the prior year.
- Return on Capital Employed was 28.01% for Q4 2025 at Innovate, down from 23.39% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 262.99% in Q2 2025 to a low of 28.01% in Q4 2025.
- Historically, Return on Capital Employed has averaged 19.27% across 5 years, with a median of 1.99% in 2022.
- Biggest YoY gain for Return on Capital Employed was 25408 bps in 2025; the steepest drop was 3774 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 1.49% in 2021, then soared by 221 bps to 1.81% in 2022, then soared by 123 bps to 4.04% in 2023, then soared by 141 bps to 9.73% in 2024, then plunged by 388 bps to 28.01% in 2025.
- The last three Return on Capital Employed figures came in at 28.01% (Q4 2025), 23.39% (Q3 2025), and 262.99% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 10.73% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 15.88% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 2.32% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 12.69% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 30.01% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 8.37% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 7.34% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 42.91% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -28.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -28.01% |
| Sep 30, 2025 | -23.39% |
| Jun 30, 2025 | 262.99% |
| Mar 31, 2025 | 127.07% |
| Dec 31, 2024 | 9.73% |
| Sep 30, 2024 | 11.98% |
| Jun 30, 2024 | 8.91% |
| Mar 31, 2024 | 5.17% |
| Dec 31, 2023 | 4.04% |
| Sep 30, 2023 | 3.58% |
| Jun 30, 2023 | 3.36% |
| Mar 31, 2023 | 1.20% |
| Dec 31, 2022 | 1.81% |
| Sep 30, 2022 | 2.16% |
| Jun 30, 2022 | 1.28% |
| Mar 31, 2022 | 0.15% |
| Dec 31, 2021 | -1.49% |
| Sep 30, 2021 | -0.20% |
| Jun 30, 2021 | -2.61% |
| Mar 31, 2021 | -2.34% |