Microvast Holdings (MVST) EV to FCF (2019 - 2026)
Microvast Holdings (MVST) posted EV to FCF of 25.18 for Q2 2026, down 351.12% on a QoQ basis from 5.58 in Q1 2026, and down 175.03% year-over-year from 33.56 in Q2 2025.
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Microvast Holdings (MVST) EV to FCF (2019 - 2026) Analysis & Trends
Microvast Holdings has reported EV to FCF for 8 years, with the latest figure at 25.18 in Q2 2026.
- On a quarterly basis, EV to FCF fell 175.03% year-over-year to 25.18 in Q2 2026; TTM through Jun 2026 was 28.15, a 202.02% decrease from a year earlier, with the FY2025 full-year figure at 16.62, up 228.24% from the prior year.
- EV to FCF was 25.18 for Q2 2026 at Microvast Holdings, down from 5.58 in the prior quarter.
- The five-year high for EV to FCF was 36.61 in Q3 2025, with the low at 25.18 in Q2 2026.
- Average EV to FCF over 5 years is 0.46, with a median of 3.92 recorded in 2022.
- The sharpest annual moves came in 2023 and 2025: EV to FCF tumbled 243.21% in 2023, then jumped 5058.6% in 2025.
- Over 5 years, EV to FCF stood at 2.74 in 2022, then sank by 243.21% to 9.41 in 2023, then surged by 404.55% to 28.65 in 2024, then dropped by 10.06% to 25.76 in 2025, then slumped by 197.73% to 25.18 in 2026.
- The last three EV to FCF figures came in at 25.18 (Q2 2026), 5.58 (Q1 2026), and 25.76 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | EnerSys | 6.53 Bn | 6.00 Bn | 313.36 Mn |
| 2 | QuantumScape | 3.23 Bn | 3.23 Bn | - |
| 3 | Eos Energy Enterprises | 1.43 Bn | 1.08 Bn | -48.80 Mn |
| 4 | Fluence Energy | 1.40 Bn | 839.06 Mn | 33.24 Mn |
| 5 | Energy Vault Holdings | 764.95 Mn | 657.60 Mn | 5.38 Mn |
| 6 | Enovix | 695.93 Mn | 695.93 Mn | 1.30 Mn |
| 7 | Amprius Technologies | 466.27 Mn | 391.76 Mn | 9.28 Mn |
| 8 | Electrovaya | 265.14 Mn | 252.06 Mn | 6.19 Mn |
| 9 | Microvast Holdings | 218.97 Mn | 75.84 Mn | 25.78 Mn |
| 10 | Ses Ai | 173.54 Mn | 173.54 Mn | 1.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -25.18 |
| Mar 31, 2026 | -5.58 |
| Dec 31, 2025 | 25.76 |
| Sep 30, 2025 | 36.61 |
| Jun 30, 2025 | 33.56 |
| Mar 31, 2025 | -5.71 |
| Dec 31, 2024 | 28.65 |
| Sep 30, 2024 | -0.74 |
| Jun 30, 2024 | -10.66 |
| Mar 31, 2024 | -1.98 |
| Dec 31, 2023 | -9.41 |
| Sep 30, 2023 | -5.65 |
| Jun 30, 2023 | -3.71 |
| Mar 31, 2023 | -2.62 |
| Dec 31, 2022 | -2.74 |
| Sep 30, 2022 | -14.98 |
| Jun 30, 2022 | -4.14 |
| Mar 31, 2022 | -23.21 |
| Dec 31, 2021 | -7.64 |
| Sep 30, 2021 | -67.94 |