Innovate (VATE) Gross Profit (2010 - 2026)
Innovate's Gross Profit was $79.5 million in Q2 2026, up 74.3% from $45.6 million a year earlier.
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Analysis
Innovate (VATE) Gross Profit (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Innovate's Gross Profit was $233.7 million through Jun 30, 2026, up 25.8% year-over-year; for FY2025, it came in at $199.7 million, down 4.4% from FY2024.
- Gross Profit has now declined for three consecutive years, though with a five-year compound annual growth rate of 9.2% (FY2020 to FY2025).
- In earlier years, Gross Profit was $208.8 million in FY2024 (-3.3%), $216 million in FY2023 (-2.4%), $221.4 million in FY2022 (+20.5%) and $183.7 million in FY2021 (+43.1%).
- The Q2 2026 figure marks the highest quarterly Gross Profit since Q4 2019.
- Compared with a year earlier, Gross Profit was higher in three of the last seven quarters, with growth averaging 3.7%.
- The best year-over-year quarter for Gross Profit over five years was Q2 2026 (growth of 74.3%); the worst was Q2 2025 (a decline of 30.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Quanta Services | 89.97 Bn | 88.05 Bn | 1.55 Bn |
| 2 | Ferrovial | 35.96 Bn | 14.21 Bn | - |
| 3 | Emcor | 31.03 Bn | 27.43 Bn | 1.02 Bn |
| 4 | Jacobs Solutions | 16.77 Bn | 11.44 Bn | 810.70 Mn |
| 5 | Mastec | 14.08 Bn | 12.87 Bn | 556.28 Mn |
| 6 | Sterling Infrastructure | 12.66 Bn | 10.99 Bn | 289.96 Mn |
| 7 | IES Holdings | 9.42 Bn | 8.28 Bn | 340.66 Mn |
| 8 | Stantec | 8.00 Bn | 6.93 Bn | 1.36 Bn |
| 9 | Aecom | 7.66 Bn | 2.78 Bn | -34.04 Mn |
| 10 | Innovate | 76.70 Mn | -182.60 Mn | 79.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.50 Mn |
| Dec 31, 2025 | 58.90 Mn |
| Sep 30, 2025 | 49.70 Mn |
| Jun 30, 2025 | 45.60 Mn |
| Mar 31, 2025 | 45.50 Mn |
| Dec 31, 2024 | 46.40 Mn |
| Sep 30, 2024 | 48.20 Mn |
| Jun 30, 2024 | 65.60 Mn |
| Mar 31, 2024 | 48.60 Mn |
| Dec 31, 2023 | 61.10 Mn |
| Sep 30, 2023 | 58.70 Mn |
| Jun 30, 2023 | 52.60 Mn |
| Mar 31, 2023 | 43.60 Mn |
| Dec 31, 2022 | 62.90 Mn |
| Sep 30, 2022 | 58.40 Mn |
| Jun 30, 2022 | 50.30 Mn |
| Mar 31, 2022 | 49.80 Mn |
| Dec 31, 2021 | 61.70 Mn |
| Sep 30, 2021 | 55.10 Mn |
| Jun 30, 2021 | 36.40 Mn |
API Access
Innovate Gross Profit 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=gross-profit&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "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=gross-profit&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();