Innovate (VATE) Gross Margin (2010 - 2026)
Innovate (VATE) posted Gross Margin of 18.86% for Q2 2026, up 22.52% on a QoQ basis from 15.39% in Q4 2025, and up 1.0% year-over-year from 18.67% in Q2 2025.
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Innovate (VATE) Gross Margin (2010 - 2026) Analysis & Trends
Innovate has reported Gross Margin for 17 years, with the latest figure at 18.86% in Q2 2026.
- On a quarterly basis, Gross Margin rose 1.0% year-over-year to 18.86% in Q2 2026; TTM through Jun 2026 was 16.77%, a 189.0% decrease from a year earlier, with the FY2025 full-year figure at 16.03%, down 283.0% from the prior year.
- Gross Margin was 18.86% for Q2 2026 at Innovate, up from 15.39% in the prior quarter.
- The five-year high for Gross Margin was 20.95% in Q2 2024, with the low at 12.06% in Q1 2022.
- Average Gross Margin over 5 years is 16.15%, with a median of 15.42% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 569 bps in 2022, then jumped 669 bps in 2024.
- Over 5 years, Gross Margin stood at 15.37% in 2022, then grew by 10 bps to 16.93% in 2023, then climbed by 16 bps to 19.61% in 2024, then decreased by 22 bps to 15.39% in 2025, then increased by 23 bps to 18.86% in 2026.
- The last three Gross Margin figures came in at 18.86% (Q2 2026), 15.39% (Q4 2025), and 14.32% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | 19.83% |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 19.89% |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 24.82% |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | -0.95% |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | 43.88% |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | 4.13% |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | 19.33% |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 33.29% |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn | 18.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.86% |
| Dec 31, 2025 | 15.39% |
| Sep 30, 2025 | 14.32% |
| Jun 30, 2025 | 18.84% |
| Mar 31, 2025 | 16.59% |
| Dec 31, 2024 | 19.61% |
| Sep 30, 2024 | 19.90% |
| Jun 30, 2024 | 20.95% |
| Mar 31, 2024 | 15.42% |
| Dec 31, 2023 | 16.93% |
| Sep 30, 2023 | 15.64% |
| Jun 30, 2023 | 14.26% |
| Mar 31, 2023 | 13.72% |
| Dec 31, 2022 | 15.37% |
| Sep 30, 2022 | 13.81% |
| Jun 30, 2022 | 12.83% |
| Mar 31, 2022 | 12.06% |
| Dec 31, 2021 | 15.63% |
| Sep 30, 2021 | 13.96% |
| Jun 30, 2021 | 14.93% |