Microvast Holdings (MVST) Gross Margin (2020 - 2026)
Microvast Holdings' quarterly Gross Margin came in at 31.6% in Q1 2026, down 532.0% year-on-year from 7.32% in Q1 2025, and up 3076.88% quarter-over-quarter from 0.99% in Q4 2025.
Microvast Holdings has reported Gross Margin for 7 years, with the latest figure at 31.6% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 532.0% year-over-year to 31.6%; the trailing twelve-month figure through Mar 2026 stood at 26.44% (down 859.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 20.67%, with a median of 22.02% recorded in 2023.
- Year-over-year, Gross Margin surged 10243 bps in 2022 and sank 3562 bps in 2025.
- Tracing MVST's Gross Margin over 5 years: stood at 3.44% in 2022, then jumped by 541 bps to 22.02% in 2023, then jumped by 66 bps to 36.62% in 2024, then plunged by 97 bps to 0.99% in 2025, then soared by 3077 bps to 31.6% in 2026.
- The last three Gross Margin figures came in at 31.6% (Q1 2026), 0.99% (Q4 2025), and 37.65% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 77.46 Bn | 77.21 Bn | 2.35 Bn | 51.47% |
| 2 | Autozone | 56.88 Bn | 56.59 Bn | 2.24 Bn | 52.49% |
| 3 | Genuine Parts | 13.45 Bn | 12.97 Bn | 2.34 Bn | 37.33% |
| 4 | Modine Manufacturing | 13.16 Bn | 13.07 Bn | 186.10 Mn | 23.12% |
| 5 | Borgwarner | 13.07 Bn | 13.23 Bn | 677.00 Mn | 19.16% |
| 6 | Aptiv | 11.89 Bn | 8.82 Bn | 920.00 Mn | 18.09% |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 13.71% |
| 8 | Allison Transmission Holdings | 9.02 Bn | 8.71 Bn | 406.00 Mn | 28.88% |
| 9 | Autoliv | 9.01 Bn | 8.66 Bn | 526.00 Mn | 19.11% |
| 10 | Microvast Holdings | 458.66 Mn | 284.66 Mn | 19.16 Mn | 31.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -20.30% |
| Mar 31, 2021 | -8.28% |
| Dec 31, 2020 | 18.06% |
| Sep 30, 2020 | 11.96% |