Innovate (VATE) FCF Margin (2010 - 2026)
Innovate (VATE) posted FCF Margin of 24.46% for Q4 2025, up 10.00 percentage points from 14.45% a year earlier and up 21.17 percentage points from the prior quarter.
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Analysis
Innovate (VATE) FCF Margin (2010 - 2026) Analysis & Trends
For FY2025, Innovate's FCF Margin came in at 9.67%, up 10.57 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of +19.85 percentage points (FY2020 to FY2025).
- In prior years, Innovate's FCF Margin was -0.89% in FY2024 (-1.46 pp), 0.57% in FY2023 (+2.41 pp), -1.84% in FY2022 (-2.09 pp) and 0.24% in FY2021 (+10.42 pp).
- The Q4 2025 figure stands as the highest quarterly FCF Margin since Q4 2018.
- On a year-over-year basis, FCF Margin has increased in each of the last four quarters, with an average year-over-year change of +4.52 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2021, with a gain of 93.01 percentage points; the weakest was Q1 2021, with a drop of 31.60 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 3.28% (Q3 2025), 14.17% (Q2 2025) and -6.86% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 89.02 Bn | 85.39 Bn | 2.01 Bn | 9.87% |
| 2 | Ferrovial | 43.70 Bn | 22.89 Bn | - | - |
| 3 | Emcor | 28.68 Bn | 24.95 Bn | 1.11 Bn | 13.71% |
| 4 | Jacobs Solutions | 18.34 Bn | 13.01 Bn | 810.70 Mn | 10.57% |
| 5 | Mastec | 14.75 Bn | 13.28 Bn | 660.86 Mn | 3.50% |
| 6 | Sterling Infrastructure | 9.21 Bn | 7.62 Bn | 377.28 Mn | 3.41% |
| 7 | Aecom | 9.03 Bn | 4.15 Bn | -34.04 Mn | 1.53% |
| 8 | Stantec | 8.62 Bn | 7.79 Bn | - | - |
| 9 | IES Holdings | 7.17 Bn | 6.03 Bn | 340.66 Mn | 5.13% |
| 10 | Innovate | 75.10 Mn | -291.00 Mn | 79.50 Mn | -8.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.33% |
| Mar 31, 2026 | 9.81% |
| Dec 31, 2025 | 24.46% |
| Sep 30, 2025 | 3.23% |
| Jun 30, 2025 | 14.05% |
| Mar 31, 2025 | -6.86% |
| Dec 31, 2024 | 14.07% |
| Sep 30, 2024 | -13.13% |
| Jun 30, 2024 | 5.88% |
| Mar 31, 2024 | -9.84% |
| Dec 31, 2023 | 15.71% |
| Sep 30, 2023 | 5.44% |
| Jun 30, 2023 | 3.17% |
| Mar 31, 2023 | -25.39% |
| Dec 31, 2022 | 14.24% |
| Sep 30, 2022 | -8.75% |
| Jun 30, 2022 | 4.21% |
| Mar 31, 2022 | -16.47% |
| Dec 31, 2021 | 16.72% |
| Sep 30, 2021 | -5.17% |
API Access
Innovate FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "VATE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();