Innovate (VATE) Operating Income (2010 - 2025)

Innovate (VATE) posted quarterly Operating Income of $14.3 million for Q4 2025, up 472.0% year-over-year from $2.5 million in Q4 2024, and up 134.43% quarter-over-quarter from $6.1 million in Q3 2025.

Innovate (VATE) Operating Income (2010 - 2025) Analysis & Trends

Innovate's Operating Income history runs 16 years deep, the most recent figure standing at $14.3 million for Q4 2025.

  • In Q4 2025, Operating Income rose 472.0% year-over-year to $14.3 million; the TTM figure through Dec 2025 stood at $28.7 million (down 28.25% YoY), while the FY2025 annual figure was $28.7 million, down 28.25% from the prior year.
  • Operating Income for Q4 2025 stood at $14.3 million, up from $6.1 million in the prior quarter.
  • The five-year high for Operating Income was $28.8 million in Q2 2024, with the low at -$10.9 million in Q1 2021.
  • The 5-year median for Operating Income is $5.4 million (2023), against an average of $4.9 million.
  • Peak annual rise in Operating Income reached 1550.0% in 2023, while the deepest fall reached 671.43% in 2023.
  • Innovate's Operating Income stood at $6.9 million in 2021, then fell by 5.8% to $6.5 million in 2022, then soared by 115.38% to $14.0 million in 2023, then sank by 82.14% to $2.5 million in 2024, then surged by 472.0% to $14.3 million in 2025.
  • Business Quant data shows VATE's Operating Income at $14.3 million in Q4 2025, $6.1 million in Q3 2025, and $4.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Quanta Services 102.18 Bn 101.77 Bn 1.55 Bn 694.83 Mn
2 Comfort Systems Usa 72.82 Bn 70.97 Bn 844.23 Mn 557.97 Mn
3 Ferrovial 47.62 Bn 42.63 Bn - -
4 Emcor 36.31 Bn 35.39 Bn 1.02 Bn 547.34 Mn
5 Mastec 20.38 Bn 20.19 Bn 556.28 Mn 226.20 Mn
6 Sterling Infrastructure 19.23 Bn 18.73 Bn 194.30 Mn 137.81 Mn
7 APi 17.20 Bn 16.35 Bn 703.00 Mn 175.00 Mn
8 Jacobs Solutions 16.40 Bn 15.02 Bn 794.89 Mn -81.18 Mn
9 IES Holdings 15.99 Bn 15.73 Bn 340.66 Mn 178.55 Mn
10 Innovate 101.71 Mn 507,135.29 58.90 Mn 14.30 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 14.30 Mn
Sep 30, 2025 6.10 Mn
Jun 30, 2025 4.90 Mn
Mar 31, 2025 3.40 Mn
Dec 31, 2024 2.50 Mn
Sep 30, 2024 5.90 Mn
Jun 30, 2024 28.80 Mn
Mar 31, 2024 2.80 Mn
Dec 31, 2023 14.00 Mn
Sep 30, 2023 10.70 Mn
Jun 30, 2023 5.80 Mn
Mar 31, 2023 -4.00 Mn
Dec 31, 2022 6.50 Mn
Sep 30, 2022 6.60 Mn
Jun 30, 2022 -400,000.00
Mar 31, 2022 700,000.00
Dec 31, 2021 6.90 Mn
Sep 30, 2021 1.10 Mn
Jun 30, 2021 -7.70 Mn
Mar 31, 2021 -10.90 Mn