Cash Flow Statement
Growth Metrics

Innovate (VATE) Gross Margin (2016 - 2025)

Innovate has reported Gross Margin over the past 16 years, most recently at 15.39% for Q4 2025.

  • Quarterly results put Gross Margin at 15.39% for Q4 2025, down 422.0% from a year ago — trailing twelve months through Dec 2025 was 16.03% (down 283.0% YoY), and the annual figure for FY2025 was 16.03%, down 283.0%.
  • Gross Margin for Q4 2025 was 15.39% at Innovate, up from 14.32% in the prior quarter.
  • Over the last five years, Gross Margin for VATE hit a ceiling of 20.95% in Q2 2024 and a floor of 12.06% in Q1 2022.
  • Median Gross Margin over the past 5 years was 15.4% (2024), compared with a mean of 15.9%.
  • Biggest five-year swings in Gross Margin: plummeted -569bps in 2022 and later surged 669bps in 2024.
  • Innovate's Gross Margin stood at 15.63% in 2021, then fell by -2bps to 15.37% in 2022, then grew by 10bps to 16.93% in 2023, then rose by 16bps to 19.61% in 2024, then decreased by -22bps to 15.39% in 2025.
  • The last three reported values for Gross Margin were 15.39% (Q4 2025), 14.32% (Q3 2025), and 18.84% (Q2 2025) per Business Quant data.