Innovate (VATE) EBITDA Margin (2010 - 2025)
Innovate (VATE) posted quarterly EBITDA Margin of 3.74% for Q4 2025, up 268.0% year-over-year from 1.02% in Q4 2024, and up 112.62% quarter-over-quarter from 1.76% in Q3 2025.
Innovate (VATE) EBITDA Margin (2010 - 2025) Analysis & Trends
Innovate's EBITDA Margin history runs 16 years deep, the most recent figure standing at 3.74% for Q4 2025.
- In Q4 2025, EBITDA Margin rose 268.0% year-over-year to 3.74%; the TTM figure through Dec 2025 stood at 2.3% (down 131.0% YoY), while the FY2025 annual figure was 2.3%, down 131.0% from the prior year.
- EBITDA Margin for Q4 2025 stood at 3.74%, up from 1.76% in the prior quarter.
- The five-year high for EBITDA Margin was 9.2% in Q2 2024, with the low at 6.34% in Q1 2021.
- The 5-year median for EBITDA Margin is 1.57% (2022), against an average of 1.26%.
- The sharpest annual moves came in 2021 and 2025: EBITDA Margin jumped 972 bps in 2021, then tumbled 717 bps in 2025.
- Innovate's EBITDA Margin stood at 1.75% in 2021, then fell by 9 bps to 1.59% in 2022, then soared by 144 bps to 3.88% in 2023, then tumbled by 73 bps to 1.06% in 2024, then surged by 254 bps to 3.74% in 2025.
- Business Quant data shows VATE's EBITDA Margin at 3.74% in Q4 2025, 1.76% in Q3 2025, and 2.02% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 7.27% |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 17.09% |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 10.62% |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 5.17% |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 16.69% |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 7.76% |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | -2.20% |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 14.37% |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 3.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.74% |
| Sep 30, 2025 | 1.76% |
| Jun 30, 2025 | 2.02% |
| Mar 31, 2025 | 1.24% |
| Dec 31, 2024 | 1.06% |
| Sep 30, 2024 | 2.44% |
| Jun 30, 2024 | 9.20% |
| Mar 31, 2024 | 0.89% |
| Dec 31, 2023 | 3.88% |
| Sep 30, 2023 | 2.85% |
| Jun 30, 2023 | 1.57% |
| Mar 31, 2023 | -1.26% |
| Dec 31, 2022 | 1.59% |
| Sep 30, 2022 | 1.56% |
| Jun 30, 2022 | -0.10% |
| Mar 31, 2022 | 0.17% |
| Dec 31, 2021 | 1.75% |
| Sep 30, 2021 | 0.28% |
| Jun 30, 2021 | -3.16% |
| Mar 31, 2021 | -6.34% |