Innovate (VATE) Total Debt (2010 - 2025)

Innovate (VATE) posted quarterly Total Debt of $596.4 million for Q4 2025, up 228.6% year-over-year from $181.5 million in Q4 2024, and up 4.3% quarter-over-quarter from $571.8 million in Q3 2025.

Innovate (VATE) Total Debt (2010 - 2025) Analysis & Trends

Innovate's Total Debt history runs 16 years deep, the most recent figure standing at $596.4 million for Q4 2025.

  • In Q4 2025, Total Debt rose 228.6% year-over-year to $596.4 million; the TTM figure through Dec 2025 stood at $596.4 million (up 228.6% YoY), while the FY2025 annual figure was $596.4 million, up 228.6% from the prior year.
  • Total Debt for Q4 2025 stood at $596.4 million, up from $571.8 million in the prior quarter.
  • The five-year high for Total Debt was $596.4 million in Q4 2025, with the low at $36.7 million in Q1 2024.
  • The 5-year median for Total Debt is $159.9 million (2022), against an average of $233.7 million.
  • The sharpest annual moves came in 2021 and 2025: Total Debt plunged 83.78% in 2021, then jumped 1463.76% in 2025.
  • Innovate's Total Debt stood at $99.9 million in 2021, then jumped by 38.44% to $138.3 million in 2022, then plunged by 52.57% to $65.6 million in 2023, then soared by 176.68% to $181.5 million in 2024, then soared by 228.6% to $596.4 million in 2025.
  • Business Quant data shows VATE's Total Debt at $596.4 million in Q4 2025, $571.8 million in Q3 2025, and $507.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Quanta Services 102.18 Bn 101.77 Bn 1.55 Bn 6.10 Bn
2 Comfort Systems Usa 72.82 Bn 70.97 Bn 844.23 Mn 54.06 Mn
3 Ferrovial 47.62 Bn 42.63 Bn - 1.25 Bn
4 Emcor 36.31 Bn 35.39 Bn 1.02 Bn -
5 Mastec 20.38 Bn 20.19 Bn 556.28 Mn 2.74 Bn
6 Sterling Infrastructure 19.23 Bn 18.73 Bn 194.30 Mn 287.46 Mn
7 APi 17.20 Bn 16.35 Bn 703.00 Mn 3.83 Bn
8 Jacobs Solutions 16.40 Bn 15.02 Bn 794.89 Mn 4.08 Bn
9 IES Holdings 15.99 Bn 15.73 Bn 340.66 Mn -
10 Innovate 101.71 Mn 507,135.29 58.90 Mn 596.40 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 596.40 Mn
Sep 30, 2025 571.80 Mn
Jun 30, 2025 507.50 Mn
Mar 31, 2025 573.90 Mn
Dec 31, 2024 181.50 Mn
Sep 30, 2024 264.20 Mn
Jun 30, 2024 75.20 Mn
Mar 31, 2024 36.70 Mn
Dec 31, 2023 65.60 Mn
Sep 30, 2023 255.80 Mn
Jun 30, 2023 318.90 Mn
Mar 31, 2023 45.40 Mn
Dec 31, 2022 138.30 Mn
Sep 30, 2022 98.90 Mn
Jun 30, 2022 78.00 Mn
Mar 31, 2022 183.60 Mn
Dec 31, 2021 99.90 Mn
Sep 30, 2021 401.10 Mn
Jun 30, 2021 97.70 Mn
Mar 31, 2021 82.80 Mn