Microvast Holdings (MVST) Capital Expenditures (2020 - 2026)
Microvast Holdings' Capital Expenditures came in at $11.32 million for Q2 2026, up 295.5% from $2.86 million a year earlier and up 296.3% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Capital Expenditures (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Microvast Holdings reported Capital Expenditures of $28.8 million, up 45.9% year-over-year; for FY2025, it was $19.83 million, down 28.5% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of 1.2% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $27.72 million in FY2024 (-85.2%), $186.79 million in FY2023 (+23.8%), $150.88 million in FY2022 (+71.7%) and $87.86 million in FY2021 (+371.2%).
- The five-year range for quarterly Capital Expenditures is $355,000 (Q4 2024) to $66.16 million (Q4 2022).
- Year-over-year, Capital Expenditures has increased for three consecutive quarters, with growth averaging 17.7% over the last eight quarters.
- The fastest year-over-year change in Capital Expenditures over five years came in Q2 2022 (growth of 506.3%), and the weakest in Q4 2024 (a decline of 98.9%).
- Business Quant data shows MVST's Capital Expenditures at $2.86 million (Q1 2026), $643,000 (Q4 2025) and $13.98 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 386.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 51.64 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 161.32 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 41.43 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 58.29 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 15.90 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 12.42 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 14.39 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.40 Mn |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | 11.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.32 Mn |
| Mar 31, 2026 | 2.86 Mn |
| Dec 31, 2025 | 643,000.00 |
| Sep 30, 2025 | 13.98 Mn |
| Jun 30, 2025 | 2.86 Mn |
| Mar 31, 2025 | 2.35 Mn |
| Dec 31, 2024 | 355,000.00 |
| Sep 30, 2024 | 14.18 Mn |
| Jun 30, 2024 | 2.95 Mn |
| Mar 31, 2024 | 10.24 Mn |
| Dec 31, 2023 | 33.21 Mn |
| Sep 30, 2023 | 59.94 Mn |
| Jun 30, 2023 | 57.71 Mn |
| Mar 31, 2023 | 35.92 Mn |
| Dec 31, 2022 | 66.16 Mn |
| Sep 30, 2022 | 16.81 Mn |
| Jun 30, 2022 | 26.85 Mn |
| Mar 31, 2022 | 41.06 Mn |
| Dec 31, 2021 | 47.14 Mn |
| Sep 30, 2021 | 10.86 Mn |
API Access
Microvast Holdings Capital Expenditures 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=capital-expenditures&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();