Innovate (VATE) Tax Rate (2010 - 2025)
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 - 2025) 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 | 98.57 Bn | 98.48 Bn | 1.55 Bn | 25.53% |
| 2 | Comfort Systems Usa | 69.82 Bn | 67.96 Bn | 844.23 Mn | 22.01% |
| 3 | Ferrovial | 46.93 Bn | 41.94 Bn | - | - |
| 4 | Emcor | 35.79 Bn | 34.87 Bn | 1.02 Bn | 26.82% |
| 5 | Mastec | 25.30 Bn | 25.14 Bn | 556.28 Mn | 24.77% |
| 6 | Sterling Infrastructure | 18.27 Bn | 17.76 Bn | 194.30 Mn | 24.50% |
| 7 | APi | 17.00 Bn | 16.35 Bn | 703.00 Mn | 28.26% |
| 8 | Jacobs Solutions | 15.69 Bn | 14.31 Bn | 794.89 Mn | 34.52% |
| 9 | IES Holdings | 12.60 Bn | 12.34 Bn | 254.79 Mn | 25.78% |
| 10 | Innovate | 113.32 Mn | 12.12 Mn | 58.90 Mn | 18.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2024 | -23.66% |
| Jun 30, 2024 | -21.93% |
| Jun 30, 2024 | -21.93% |