Microvast Holdings (MVST) Gross Margin (2020 - 2026)
Microvast Holdings (MVST) posted quarterly Gross Margin of 31.6% for Q1 2026, down 532.0% year-over-year from 7.32% in Q1 2025, and up 3076.88% quarter-over-quarter from 0.99% in Q4 2025.
Microvast Holdings (MVST) Gross Margin (2020 - 2026) Analysis & Trends
Microvast Holdings' Gross Margin history runs 7 years deep, the most recent figure standing at 31.6% for Q1 2026.
- In Q1 2026, Gross Margin fell 532.0% year-over-year to 31.6%; the TTM figure through Mar 2026 stood at 26.44% (down 859.0% YoY), while the FY2025 annual figure was 28.56%, down 291.0% from the prior year.
- Gross Margin for Q1 2026 stood at 31.6%, up from 0.99% in the prior quarter.
- The five-year high for Gross Margin was 37.65% in Q3 2025, with the low at 0.04% in Q1 2022.
- The 5-year median for Gross Margin is 22.02% (2023), against an average of 20.67%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin surged 10243 bps in 2022, then plunged 3562 bps in 2025.
- Microvast Holdings' Gross Margin stood at 3.44% in 2022, then surged by 541 bps to 22.02% in 2023, then surged by 66 bps to 36.62% in 2024, then plunged by 97 bps to 0.99% in 2025, then jumped by 3077 bps to 31.6% in 2026.
- Business Quant data shows MVST's Gross Margin at 31.6% in Q1 2026, 0.99% in Q4 2025, and 37.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 51.45% |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 52.15% |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | 14.68% |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 37.80% |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 19.76% |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 32.89% |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 23.67% |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 18.16% |
| 10 | Microvast Holdings | 282.20 Mn | 139.07 Mn | 25.78 Mn | 29.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.54% |
| Mar 31, 2026 | 31.60% |
| Dec 31, 2025 | 0.99% |
| Sep 30, 2025 | 37.65% |
| Jun 30, 2025 | 34.73% |
| Mar 31, 2025 | 36.93% |
| Dec 31, 2024 | 36.62% |
| Sep 30, 2024 | 33.15% |
| Jun 30, 2024 | 32.50% |
| Mar 31, 2024 | 21.17% |
| Dec 31, 2023 | 22.02% |
| Sep 30, 2023 | 22.32% |
| Jun 30, 2023 | 15.29% |
| Mar 31, 2023 | 10.34% |
| Dec 31, 2022 | 3.44% |
| Sep 30, 2022 | 5.16% |
| Jun 30, 2022 | 7.52% |
| Mar 31, 2022 | 0.04% |
| Dec 31, 2021 | 1.73% |
| Sep 30, 2021 | -97.27% |