Innovate (VATE) Net Margin (2010 - 2025)
Innovate (VATE) recorded quarterly Net Margin of 2.04% in Q4 2025, up 24.74% quarter-over-quarter from 2.71% in Q3 2025, and up 510.0% on a YoY basis from 0.33% in Q4 2024.
Innovate (VATE) Net Margin (2010 - 2025) Analysis & Trends
Innovate's Net Margin history runs 16 years deep, the most recent figure standing at 2.04% for Q4 2025.
- In Q4 2025, Net Margin rose 510.0% year-over-year to 2.04%; the TTM figure through Dec 2025 stood at 3.48% (down 24.0% YoY), while the FY2025 annual figure was 5.14%, down 190.0% from the prior year.
- Net Margin was 2.04% for Q4 2025 at Innovate, up from 2.71% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 7.1% in Q1 2021 to a low of 53.95% in Q3 2021.
- Historically, Net Margin has averaged 5.37% across 5 years, with a median of 2.78% in 2023.
- The sharpest annual moves came in 2021 and 2022: Net Margin plunged 4357 bps in 2021, then jumped 5239 bps in 2022.
- A 5-year view of Net Margin shows it stood at 1.32% in 2021, then declined by 30 bps to 1.71% in 2022, then sank by 55 bps to 2.66% in 2023, then sank by 169 bps to 7.14% in 2024, then jumped by 71 bps to 2.04% in 2025.
- The last three Net Margin figures came in at 2.04% (Q4 2025), 2.71% (Q3 2025), and 0.54% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 2.94% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 12.93% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 6.60% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 1.82% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 12.57% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 2.57% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -0.08% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 11.28% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -2.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.04% |
| Sep 30, 2025 | -2.71% |
| Jun 30, 2025 | -0.54% |
| Mar 31, 2025 | -9.04% |
| Dec 31, 2024 | -7.14% |
| Sep 30, 2024 | -6.32% |
| Jun 30, 2024 | 4.50% |
| Mar 31, 2024 | -5.62% |
| Dec 31, 2023 | -2.66% |
| Sep 30, 2023 | -1.95% |
| Jun 30, 2023 | -2.85% |
| Mar 31, 2023 | -3.21% |
| Dec 31, 2022 | -1.71% |
| Sep 30, 2022 | -1.56% |
| Jun 30, 2022 | -3.47% |
| Mar 31, 2022 | -3.29% |
| Dec 31, 2021 | -1.32% |
| Sep 30, 2021 | -53.95% |
| Jun 30, 2021 | -9.72% |
| Mar 31, 2021 | 7.10% |