Innovate (VATE) EBITDA Margin (2010 - 2025)
Innovate (VATE) posted quarterly EBITDA Margin of 5.25% for Q4 2025, up 166.0% year-over-year from 1.97% in Q4 2024, and up 54.49% on a QoQ basis from 3.4% in Q3 2025.
Innovate (VATE) EBITDA Margin (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported EBITDA Margin for 16 consecutive years, with 5.25% the latest figure, recorded in Q4 2025.
- In Q4 2025, EBITDA Margin rose 166.0% year-over-year to 5.25%; the TTM figure through Dec 2025 stood at 4.14% (down 173.0% YoY), while the FY2025 annual figure was 4.14%, down 173.0% from the prior year.
- EBITDA Margin came in at 5.25% for Q4 2025 at Innovate, up from 3.4% in the prior quarter.
- The five-year high for EBITDA Margin was 11.24% in Q2 2024, with the low at 3.61% in Q1 2021.
- Average EBITDA Margin over 5 years is 3.2%, with a median of 3.32% recorded in 2023.
- Across the five-year window, EBITDA Margin surged 859 bps in 2021 and plunged 694 bps in 2025, its largest moves.
- Year by year, EBITDA Margin stood at 3.6% in 2021, then declined by 13 bps to 3.13% in 2022, then surged by 81 bps to 5.65% in 2023, then plunged by 36 bps to 3.59% in 2024, then jumped by 46 bps to 5.25% in 2025.
- According to Business Quant data, EBITDA Margin over the past three periods registered 5.25%, 3.4%, and 4.3% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 13.88% |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 4.30% |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 5.88% |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 16.69% |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 5.20% |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -2.20% |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 11.52% |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 6.52% |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 7.49% |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 5.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.25% |
| Sep 30, 2025 | 3.40% |
| Jun 30, 2025 | 4.30% |
| Mar 31, 2025 | 3.39% |
| Dec 31, 2024 | 3.59% |
| Sep 30, 2024 | 4.95% |
| Jun 30, 2024 | 11.24% |
| Mar 31, 2024 | 2.95% |
| Dec 31, 2023 | 5.65% |
| Sep 30, 2023 | 4.48% |
| Jun 30, 2023 | 3.25% |
| Mar 31, 2023 | 0.72% |
| Dec 31, 2022 | 3.13% |
| Sep 30, 2022 | 3.12% |
| Jun 30, 2022 | 1.50% |
| Mar 31, 2022 | 1.72% |
| Dec 31, 2021 | 3.60% |
| Sep 30, 2021 | 2.25% |
| Jun 30, 2021 | -0.98% |
| Mar 31, 2021 | -3.61% |