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
DateValue
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%