Innovate (VATE) Operating Margin (2010 - 2026)
Innovate (VATE) recorded Operating Margin of 8.18% in Q2 2026, up 6.16 percentage points from 2.02% a year earlier.
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Analysis
Innovate (VATE) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Innovate's Operating Margin came in at 4.29% as of Jun 30, 2026, up 2.61 percentage points year-over-year; for FY2025, it was 2.30%, down 1.31 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +6.25 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 3.61% in FY2024 (+1.75 pp), 1.86% in FY2023 (+1.04 pp), 0.82% in FY2022 (+1.70 pp) and -0.88% in FY2021 (+3.07 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q2 2024.
- On a year-over-year basis, Operating Margin rose in three of the last seven quarters, with an average year-over-year change of -0.27 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 9.72 percentage points in Q3 2021, against a drop of 7.17 percentage points in Q2 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 89.02 Bn | 85.39 Bn | 2.01 Bn | 8.54% |
| 2 | Ferrovial | 43.70 Bn | 22.89 Bn | - | - |
| 3 | Emcor | 28.68 Bn | 24.95 Bn | 1.11 Bn | 9.85% |
| 4 | Jacobs Solutions | 18.34 Bn | 13.01 Bn | 810.70 Mn | 7.03% |
| 5 | Mastec | 14.75 Bn | 13.28 Bn | 660.86 Mn | 5.35% |
| 6 | Sterling Infrastructure | 9.21 Bn | 7.62 Bn | 377.28 Mn | 19.62% |
| 7 | Aecom | 9.03 Bn | 4.15 Bn | -34.04 Mn | -2.12% |
| 8 | Stantec | 8.62 Bn | 7.79 Bn | - | - |
| 9 | IES Holdings | 7.17 Bn | 6.03 Bn | 340.66 Mn | 14.37% |
| 10 | Innovate | 75.10 Mn | -291.00 Mn | 79.50 Mn | 8.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.18% |
| Dec 31, 2025 | 3.74% |
| Sep 30, 2025 | 1.76% |
| Jun 30, 2025 | 2.02% |
| Mar 31, 2025 | 1.24% |
| Dec 31, 2024 | 1.06% |
| Sep 30, 2024 | 2.44% |
| Jun 30, 2024 | 9.20% |
| Mar 31, 2024 | 0.89% |
| Dec 31, 2023 | 3.88% |
| Sep 30, 2023 | 2.85% |
| Jun 30, 2023 | 1.57% |
| Mar 31, 2023 | -1.26% |
| Dec 31, 2022 | 1.59% |
| Sep 30, 2022 | 1.56% |
| Jun 30, 2022 | -0.10% |
| Mar 31, 2022 | 0.17% |
| Dec 31, 2021 | 1.75% |
| Sep 30, 2021 | 0.28% |
| Jun 30, 2021 | -3.16% |
API Access
Innovate Operating Margin 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=operating-margin&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();