Microvast Holdings (MVST) EBIT Margin (2020 - 2026)
Microvast Holdings (MVST) reported EBIT Margin of -145.55% for Q3 2026, down 157.63 percentage points from 12.08% a year earlier and down 143.57 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) EBIT Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Microvast Holdings' EBIT Margin came in at -37.41%, down 45.91 percentage points year-over-year; for FY2025, it came in at 1.63%, up 32.20 percentage points from FY2024.
- EBIT Margin has increased for four consecutive years, with a five-year change of +28.71 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at -30.57% in FY2024 (+4.24 pp), -34.81% in FY2023 (+43.41 pp), -78.22% in FY2022 (+49.48 pp) and -127.69% in FY2021 (-100.62 pp).
- The Q3 2026 figure ranks as the lowest quarterly EBIT Margin since Q3 2021.
- Year over year, EBIT Margin has now declined in each of the last four quarters, with an average year-over-year change of -4.18 percentage points over the last eight quarters.
- The high point for year-over-year EBIT Margin in five years was Q3 2022 (a gain of 211.04 percentage points); the low point was Q3 2026 (a drop of 157.63 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -1.97% (Q2 2026), -13.09% (Q1 2026) and -33.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 11.03% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 18.24% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 44.37% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 18.71% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 13.86% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 12.40% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 16.58% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 12.15% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 6.19% |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -145.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -145.55% |
| Jun 30, 2026 | -1.97% |
| Mar 31, 2026 | -13.09% |
| Dec 31, 2025 | -33.41% |
| Sep 30, 2025 | 12.08% |
| Jun 30, 2025 | 9.88% |
| Mar 31, 2025 | 13.10% |
| Dec 31, 2024 | -1.25% |
| Sep 30, 2024 | 7.09% |
| Jun 30, 2024 | -118.01% |
| Mar 31, 2024 | -28.42% |
| Dec 31, 2023 | -21.24% |
| Sep 30, 2023 | -32.89% |
| Jun 30, 2023 | -35.84% |
| Mar 31, 2023 | -66.63% |
| Dec 31, 2022 | -53.44% |
| Sep 30, 2022 | -96.05% |
| Jun 30, 2022 | -69.82% |
| Mar 31, 2022 | -117.97% |
| Dec 31, 2021 | -71.28% |
API Access
Microvast Holdings EBIT Margin 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=ebit-margin&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();