Innovate (VATE) EBT Margin (2010 - 2025)
Innovate (VATE) recorded quarterly EBT Margin of 2.43% in Q4 2025, up 49.49% quarter-over-quarter from 4.81% in Q3 2025, and up 387.0% on a YoY basis from 0.5% in Q4 2024.
Innovate (VATE) EBT Margin (2010 - 2025) Analysis & Trends
Innovate's EBT Margin history runs 16 years deep, the most recent figure standing at 2.43% for Q4 2025.
- In Q4 2025, EBT Margin rose 387.0% year-over-year to 2.43%; the TTM figure through Dec 2025 stood at 4.94% (down 192.0% YoY), while the FY2025 annual figure was 4.94%, down 192.0% from the prior year.
- EBT Margin was 2.43% for Q4 2025 at Innovate, up from 4.81% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 3.64% in Q2 2024 to a low of 24.33% in Q1 2021.
- Historically, EBT Margin has averaged 4.58% across 5 years, with a median of 3.03% in 2022.
- The sharpest annual moves came in 2021 and 2022: EBT Margin tumbled 2681 bps in 2021, then jumped 2130 bps in 2022.
- A 5-year view of EBT Margin shows it stood at 0.94% in 2021, then plunged by 109 bps to 1.95% in 2022, then plunged by 32 bps to 2.58% in 2023, then tumbled by 144 bps to 6.3% in 2024, then surged by 61 bps to 2.43% in 2025.
- The last three EBT Margin figures came in at 2.43% (Q4 2025), 4.81% (Q3 2025), and 6.94% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 3.26% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 16.83% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 8.86% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 2.39% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 16.65% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 3.58% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -3.53% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 15.26% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -2.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.43% |
| Sep 30, 2025 | -4.81% |
| Jun 30, 2025 | -6.94% |
| Mar 31, 2025 | -6.82% |
| Dec 31, 2024 | -6.30% |
| Sep 30, 2024 | -5.41% |
| Jun 30, 2024 | 3.64% |
| Mar 31, 2024 | -5.33% |
| Dec 31, 2023 | -2.58% |
| Sep 30, 2023 | -2.00% |
| Jun 30, 2023 | -2.85% |
| Mar 31, 2023 | -2.23% |
| Dec 31, 2022 | -1.95% |
| Sep 30, 2022 | -2.06% |
| Jun 30, 2022 | -3.03% |
| Mar 31, 2022 | -3.03% |
| Dec 31, 2021 | -0.94% |
| Sep 30, 2021 | -3.57% |
| Jun 30, 2021 | -8.65% |
| Mar 31, 2021 | -24.33% |