Microvast Holdings (MVST) Asset Utilization Ratio (2021 - 2026)
Microvast Holdings' (MVST) Asset Utilization Ratio came in at 0.31 for Q3 2026, down 28.6% from 0.44 a year earlier and down 17.0% from the prior quarter.
Powered by 
Analysis
Microvast Holdings (MVST) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Microvast Holdings' Asset Utilization Ratio stood at 0.44, up 17.8% from FY2024.
- Annual Asset Utilization Ratio has increased for three consecutive years.
- In prior years, Microvast Holdings' Asset Utilization Ratio was 0.37 in FY2024 (+25.9%), 0.29 in FY2023 (+42.6%), 0.21 in FY2022 (-4.9%) and 0.22 in FY2021 (-30.8%).
- The Q3 2026 figure stands as the lowest quarterly Asset Utilization Ratio since Q4 2023.
- On a year-over-year basis, Asset Utilization Ratio has declined in each of the last three quarters, with growth averaging 7.9% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was Q2 2024, with growth of 55.2%; the weakest was Q2 2022, with a decline of 53.9%.
- According to Business Quant data, Asset Utilization Ratio for the three prior quarters was 0.38 (Q2 2026), 0.37 (Q1 2026) and 0.42 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.53 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.63 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.37 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 0.86 |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.78 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.78 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.59 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.99 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.31 |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | 0.31 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.31 |
| Jun 30, 2026 | 0.38 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.42 |
| Sep 30, 2025 | 0.44 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.38 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 0.32 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.26 |
| Jun 30, 2023 | 0.23 |
| Mar 31, 2023 | 0.22 |
| Dec 31, 2022 | 0.21 |
| Sep 30, 2022 | 0.21 |
| Jun 30, 2022 | 0.21 |
| Mar 31, 2022 | 0.17 |
| Dec 31, 2021 | 0.15 |
API Access
Microvast Holdings Asset Utilization Ratio 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=asset-utilization-ratio&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "MVST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();