Innovate (VATE) Net Margin (2010 - 2025)
Innovate (VATE) posted quarterly Net Margin of 2.04% for Q4 2025, up 510.0% year-over-year from 0.33% in Q4 2024, and up 24.74% quarter-over-quarter from 2.71% in Q3 2025.
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 for Q4 2025 stood at 2.04%, up from 2.71% in the prior quarter.
- The five-year high for Net Margin was 7.1% in Q1 2021, with the low at 53.95% in Q3 2021.
- The 5-year median for Net Margin is 2.78% (2023), against an average of 5.37%.
- The sharpest annual moves came in 2021 and 2022: Net Margin tumbled 4357 bps in 2021, then soared 5239 bps in 2022.
- Innovate's Net Margin stood at 1.32% in 2021, then dropped by 30 bps to 1.71% in 2022, then plunged by 55 bps to 2.66% in 2023, then plunged by 169 bps to 7.14% in 2024, then soared by 71 bps to 2.04% in 2025.
- Business Quant data shows VATE's Net Margin at 2.04% in Q4 2025, 2.71% in Q3 2025, and 0.54% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 4.81% |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 13.52% |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 7.83% |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 3.33% |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 12.57% |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 3.95% |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | -0.08% |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 12.31% |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 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% |