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
DateValue
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%