Microvast Holdings (MVST) Net Margin (2020 - 2026)
Microvast Holdings' Net Margin came in at -13.74% for Q2 2026, up 102.38 percentage points from -116.11% a year earlier but down 93.28 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Microvast Holdings reported Net Margin of 13.95%, up 40.77 percentage points year-over-year; for FY2025, it was -6.83%, up 44.63 percentage points from FY2024.
- Net Margin carries a five-year change of -4.58 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was -51.46% in FY2024 (-16.78 pp), -34.68% in FY2023 (+42.68 pp), -77.36% in FY2022 (+58.50 pp) and -135.87% in FY2021 (-133.61 pp).
- The five-year range for quarterly Net Margin is -315.70% (Q3 2021) to 79.54% (Q1 2026).
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +36.21 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q3 2022 (a gain of 221.07 percentage points), and the weakest in Q3 2021 (a drop of 282.90 percentage points).
- Business Quant data shows MVST's Net Margin at 79.54% (Q1 2026), 17.16% (Q4 2025) and -1.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 6.02% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 18.42% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 40.01% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 9.87% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 12.21% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 17.68% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 12.45% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 12.36% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 2.89% |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | -13.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.74% |
| Mar 31, 2026 | 79.54% |
| Dec 31, 2025 | 17.16% |
| Sep 30, 2025 | -1.21% |
| Jun 30, 2025 | -116.11% |
| Mar 31, 2025 | 53.04% |
| Dec 31, 2024 | -72.60% |
| Sep 30, 2024 | 13.07% |
| Jun 30, 2024 | -121.37% |
| Mar 31, 2024 | -30.52% |
| Dec 31, 2023 | -23.46% |
| Sep 30, 2023 | -32.62% |
| Jun 30, 2023 | -34.81% |
| Mar 31, 2023 | -62.97% |
| Dec 31, 2022 | -52.01% |
| Sep 30, 2022 | -94.63% |
| Jun 30, 2022 | -68.59% |
| Mar 31, 2022 | -119.38% |
| Dec 31, 2021 | -69.85% |
| Sep 30, 2021 | -315.70% |
API Access
Microvast Holdings Net 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=net-margin&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();