Innovate (VATE) EBIT (2010 - 2025)
Innovate (VATE) recorded quarterly EBIT of $14.3 million in Q4 2025, up 134.43% quarter-over-quarter from $6.1 million in Q3 2025, and up 472.0% on a YoY basis from $2.5 million in Q4 2024.
Innovate (VATE) EBIT (2010 - 2025) Analysis & Trends
Innovate's EBIT history runs 16 years deep, the most recent figure standing at $14.3 million for Q4 2025.
- In Q4 2025, EBIT rose 472.0% year-over-year to $14.3 million; the TTM figure through Dec 2025 stood at $28.7 million (down 28.25% YoY), while the FY2025 annual figure was $28.7 million, down 28.25% from the prior year.
- EBIT was $14.3 million for Q4 2025 at Innovate, up from $6.1 million in the prior quarter.
- In the past five years, EBIT ranged from a high of $28.8 million in Q2 2024 to a low of -$10.9 million in Q1 2021.
- Historically, EBIT has averaged $4.9 million across 5 years, with a median of $5.4 million in 2023.
- Biggest YoY gain for EBIT was 1550.0% in 2023; the steepest drop was 671.43% in 2023.
- A 5-year view of EBIT shows it stood at $6.9 million in 2021, then retreated by 5.8% to $6.5 million in 2022, then jumped by 115.38% to $14.0 million in 2023, then slumped by 82.14% to $2.5 million in 2024, then soared by 472.0% to $14.3 million in 2025.
- The last three EBIT figures came in at $14.3 million (Q4 2025), $6.1 million (Q3 2025), and $4.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 338.78 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 485.72 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 403.85 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 141.80 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 137.81 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 103.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -81.18 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 112.26 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | 14.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 14.30 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Jun 30, 2025 | 4.90 Mn |
| Mar 31, 2025 | 3.40 Mn |
| Dec 31, 2024 | 2.50 Mn |
| Sep 30, 2024 | 5.90 Mn |
| Jun 30, 2024 | 28.80 Mn |
| Mar 31, 2024 | 2.80 Mn |
| Dec 31, 2023 | 14.00 Mn |
| Sep 30, 2023 | 10.70 Mn |
| Jun 30, 2023 | 5.80 Mn |
| Mar 31, 2023 | -4.00 Mn |
| Dec 31, 2022 | 6.50 Mn |
| Sep 30, 2022 | 6.60 Mn |
| Jun 30, 2022 | -400,000.00 |
| Mar 31, 2022 | 700,000.00 |
| Dec 31, 2021 | 6.90 Mn |
| Sep 30, 2021 | 1.10 Mn |
| Jun 30, 2021 | -7.70 Mn |
| Mar 31, 2021 | -10.90 Mn |