Innovate (VATE) Tax Rate (2010 - 2026)
Innovate (VATE) posted quarterly Tax Rate of 18.28% for Q4 2025, up 3439.0% year-over-year from 0.52% in Q4 2024, and down 57.0% quarter-over-quarter from 42.51% in Q3 2025.
Innovate (VATE) Tax Rate (2010 - 2026) Analysis & Trends
Innovate's Tax Rate history runs 16 years deep, the most recent figure standing at 18.28% for Q4 2025.
- In Q4 2025, Tax Rate rose 3439.0% year-over-year to 18.28%; the TTM figure through Dec 2025 stood at 4.07% (up 1480.0% YoY), while the FY2025 annual figure was 4.07%, up 1480.0% from the prior year.
- Tax Rate for Q4 2025 stood at 18.28%, down from 42.51% in the prior quarter.
- The five-year high for Tax Rate was 42.51% in Q3 2025, with the low at 48.65% in Q4 2021.
- The 5-year median for Tax Rate is 14.32% (2023), against an average of 11.11%.
- The sharpest annual moves came in 2021 and 2025: Tax Rate sank 4869 bps in 2021, then soared 6618 bps in 2025.
- Innovate's Tax Rate stood at 48.65% in 2021, then jumped by 69 bps to 15.0% in 2022, then rose by 7 bps to 13.98% in 2023, then retreated by 15 bps to 16.11% in 2024, then surged by 213 bps to 18.28% in 2025.
- Business Quant data shows VATE's Tax Rate at 18.28% in Q4 2025, 42.51% in Q3 2025, and 25.0% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.39 Bn | 95.88 Bn | 1.55 Bn | 25.53% |
| 2 | Comfort Systems Usa | 58.32 Bn | 56.46 Bn | 844.23 Mn | 22.01% |
| 3 | Ferrovial | 45.15 Bn | 40.18 Bn | - | - |
| 4 | Emcor | 34.54 Bn | 33.61 Bn | 1.02 Bn | 26.82% |
| 5 | IES Holdings | 27.27 Bn | 26.88 Bn | 340.66 Mn | 25.04% |
| 6 | Mastec | 20.83 Bn | 20.51 Bn | 556.28 Mn | 24.77% |
| 7 | APi | 17.90 Bn | 17.04 Bn | 703.00 Mn | 28.26% |
| 8 | Jacobs Solutions | 17.64 Bn | 16.47 Bn | 810.70 Mn | 43.37% |
| 9 | Sterling Infrastructure | 15.87 Bn | 15.41 Bn | 289.96 Mn | 23.33% |
| 10 | Innovate | 105.53 Mn | 17.73 Mn | 79.50 Mn | 51.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.37% |
| Jun 30, 2026 | 51.37% |
| Jun 30, 2026 | 51.37% |
| Dec 31, 2025 | 18.28% |
| Dec 31, 2025 | 18.28% |
| Dec 31, 2025 | 18.28% |
| Sep 30, 2025 | 42.51% |
| Sep 30, 2025 | 42.51% |
| Sep 30, 2025 | 42.51% |
| Jun 30, 2025 | -25.00% |
| Jun 30, 2025 | -25.00% |
| Jun 30, 2025 | -25.00% |
| Mar 31, 2025 | -37.97% |
| Mar 31, 2025 | -37.97% |
| Mar 31, 2025 | -37.97% |
| Dec 31, 2024 | -16.11% |
| Dec 31, 2024 | -16.11% |
| Dec 31, 2024 | -16.11% |
| Sep 30, 2024 | -23.66% |
| Sep 30, 2024 | -23.66% |