Innovate (VATE) Tax Rate (2013 - 2026)
Innovate's Tax Rate came in at 51.37% for Q2 2026, up 76.37 percentage points from -25.00% a year earlier.
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Analysis
Innovate (VATE) Tax Rate (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Innovate reported Tax Rate of -49.13%, down 22.68 percentage points year-over-year; for FY2025, it came in at -4.07%, up 14.80 percentage points from FY2024.
- Tax Rate carries a five-year change of +10.92 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was -18.86% in FY2024 (-5.78 pp), -13.08% in FY2023 (-10.89 pp), -2.19% in FY2022 (+4.75 pp) and -6.94% in FY2021 (+8.05 pp).
- The Q2 2026 figure represents the highest quarterly Tax Rate since Q1 2019.
- Year-over-year, Tax Rate increased in three of the last seven quarters, with an average year-over-year change of +20.63 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2026 (a gain of 76.37 percentage points), and the weakest in Q3 2023 (a drop of 37.66 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 89.81 Bn | 87.89 Bn | 1.55 Bn | 25.53% |
| 2 | Ferrovial | 35.40 Bn | 13.65 Bn | - | - |
| 3 | Emcor | 31.21 Bn | 27.60 Bn | 1.02 Bn | 26.82% |
| 4 | Jacobs Solutions | 16.43 Bn | 11.10 Bn | 810.70 Mn | 43.37% |
| 5 | Mastec | 14.65 Bn | 13.43 Bn | 556.28 Mn | 24.77% |
| 6 | Sterling Infrastructure | 12.67 Bn | 10.99 Bn | 289.96 Mn | 23.33% |
| 7 | IES Holdings | 9.64 Bn | 8.50 Bn | 340.66 Mn | 25.04% |
| 8 | Stantec | 7.86 Bn | 6.79 Bn | 1.36 Bn | 24.69% |
| 9 | Aecom | 7.59 Bn | 2.71 Bn | -34.04 Mn | - |
| 10 | Innovate | 78.43 Mn | -180.87 Mn | 79.50 Mn | 51.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.37% |
| Jun 30, 2020 | 36.36% |
| Jun 30, 2019 | 6.11% |
| Mar 31, 2019 | 93.02% |
| Jun 30, 2018 | 10.54% |
| Sep 30, 2017 | 284.33% |
| Jun 30, 2016 | 14.79% |
| Jun 30, 2013 | 3.53% |
API Access
Innovate Tax Rate 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=tax-rate&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();