Innovate (VATE) Tax Rate (2010 - 2026)
Innovate (VATE) posted Tax Rate of 51.37% for Q2 2026, up 181.04% on a QoQ basis from 18.28% in Q4 2025, and up 7637.0% year-over-year from 0.66% in Q2 2025.
Analysis
Innovate (VATE) Tax Rate (2010 - 2026) Analysis & Trends
Innovate has reported Tax Rate for 17 years, with the latest figure at 51.37% in Q2 2026.
- On a quarterly basis, Tax Rate rose 7637.0% year-over-year to 51.37% in Q2 2026; TTM through Jun 2026 was 49.13%, a 2268.0% decrease from a year earlier, with the FY2025 full-year figure at 4.07%, up 1480.0% from the prior year.
- Tax Rate was 51.37% for Q2 2026 at Innovate, up from 18.28% in the prior quarter.
- The five-year high for Tax Rate was 51.37% in Q2 2026, with the low at 37.97% in Q1 2025.
- Average Tax Rate over 5 years is 6.27%, with a median of 14.67% recorded in 2023.
- The sharpest annual moves came in 2023 and 2026: Tax Rate sank 3766 bps in 2023, then soared 7637 bps in 2026.
- Over 5 years, Tax Rate stood at 15.0% in 2022, then advanced by 7 bps to 13.98% in 2023, then slipped by 15 bps to 16.11% in 2024, then jumped by 213 bps to 18.28% in 2025, then jumped by 181 bps to 51.37% in 2026.
- The last three Tax Rate figures came in at 51.37% (Q2 2026), 18.28% (Q4 2025), and 42.51% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | 26.82% |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 43.37% |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 23.33% |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | 24.93% |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | 24.69% |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | 16.03% |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | 20.31% |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 23.74% |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn | 51.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.37% |
| Dec 31, 2025 | 18.28% |
| Sep 30, 2025 | 42.51% |
| Jun 30, 2025 | -25.00% |
| Mar 31, 2025 | -37.97% |
| Dec 31, 2024 | -16.11% |
| Sep 30, 2024 | -23.66% |
| Jun 30, 2024 | -21.93% |
| Mar 31, 2024 | -19.64% |
| Dec 31, 2023 | -13.98% |
| Sep 30, 2023 | -14.67% |
| Jun 30, 2023 | -11.43% |
| Mar 31, 2023 | -12.68% |
| Dec 31, 2022 | -15.00% |
| Sep 30, 2022 | 22.99% |
| Jun 30, 2022 | -16.81% |
| Mar 31, 2022 | -12.80% |
| Dec 31, 2021 | -48.65% |
| Sep 30, 2021 | -0.71% |
| Jun 30, 2021 | -12.32% |