Innovate (VATE) Operating Margin (2010 - 2025)

Innovate's Operating Margin history runs 16 years deep, the most recent figure standing at 3.74% for Q4 2025.

• In Q4 2025, Operating Margin rose 268.0% year-over-year to 3.74%; the TTM figure through Dec 2025 stood at 2.3% (down 131.0% YoY), while the FY2025 annual figure was 2.3%, down 131.0% from the prior year.
• Operating Margin for Q4 2025 stood at 3.74%, up from 1.76% in the prior quarter.
• The five-year high for Operating Margin was 9.2% in Q2 2024, with the low at 6.34% in Q1 2021.
• The 5-year median for Operating Margin is 1.57% (2022), against an average of 1.26%.
• The sharpest annual moves came in 2021 and 2025: Operating Margin jumped 972 bps in 2021, then tumbled 717 bps in 2025.
• Innovate's Operating Margin stood at 1.75% in 2021, then fell by 9 bps to 1.59% in 2022, then soared by 144 bps to 3.88% in 2023, then tumbled by 73 bps to 1.06% in 2024, then surged by 254 bps to 3.74% in 2025.
• Business Quant data shows VATE's Operating Margin at 3.74% in Q4 2025, 1.76% in Q3 2025, and 2.02% in Q2 2025.