Innovate VATE
NYSE VATE
$7.17 +0.10 (+1.41%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%