Innovate (VATE) Gross Margin (2010 - 2025)
Innovate (VATE) posted quarterly Gross Margin of 15.39% for Q4 2025, down 422.0% year-over-year from 4.78% in Q4 2024, and up 7.49% quarter-over-quarter from 14.32% in Q3 2025.
Innovate (VATE) Gross Margin (2010 - 2025) Analysis & Trends
Innovate's Gross Margin history runs 16 years deep, the most recent figure standing at 15.39% for Q4 2025.
- In Q4 2025, Gross Margin fell 422.0% year-over-year to 15.39%; the TTM figure through Dec 2025 stood at 16.03% (down 283.0% YoY), while the FY2025 annual figure was 16.03%, down 283.0% from the prior year.
- Gross Margin for Q4 2025 stood at 15.39%, up from 14.32% 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.
- The 5-year median for Gross Margin is 15.4% (2024), against an average of 15.9%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 569 bps in 2022, then surged 669 bps in 2024.
- Innovate's Gross Margin stood at 15.63% in 2021, then retreated by 2 bps to 15.37% in 2022, then advanced by 10 bps to 16.93% in 2023, then gained by 16 bps to 19.61% in 2024, then fell by 22 bps to 15.39% in 2025.
- Business Quant data shows VATE's Gross Margin at 15.39% in Q4 2025, 14.32% in Q3 2025, and 18.84% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 16.17% |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 25.85% |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 19.83% |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 12.72% |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 23.53% |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 31.19% |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | 21.51% |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 27.41% |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 15.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 17.75% |