Microvast Holdings (MVST) Operating Margin (2020 - 2026)
Microvast Holdings (MVST) posted quarterly Operating Margin of 13.09% for Q1 2026, down 2619.0% year-over-year from 0.52% in Q1 2025, and up 69.34% quarter-over-quarter from 42.69% in Q4 2025.
Microvast Holdings (MVST) Operating Margin (2020 - 2026) Analysis & Trends
Microvast Holdings' Operating Margin history runs 7 years deep, the most recent figure standing at 13.09% for Q1 2026.
- In Q1 2026, Operating Margin fell 2619.0% year-over-year to 13.09%; the TTM figure through Mar 2026 stood at 5.35% (up 1338.0% YoY), while the FY2025 annual figure was 1.63%, up 3220.0% from the prior year.
- Operating Margin for Q1 2026 stood at 13.09%, up from 42.69% in the prior quarter.
- The five-year high for Operating Margin was 17.75% in Q2 2025, with the low at 118.01% in Q2 2024.
- The 5-year median for Operating Margin is 32.89% (2023), against an average of 38.17%.
- The sharpest annual moves came in 2022 and 2024: Operating Margin surged 21104 bps in 2022, then slumped 8216 bps in 2024.
- Microvast Holdings' Operating Margin stood at 53.44% in 2022, then surged by 60 bps to 21.24% in 2023, then jumped by 94 bps to 1.25% in 2024, then tumbled by 3316 bps to 42.69% in 2025, then jumped by 69 bps to 13.09% in 2026.
- Business Quant data shows MVST's Operating Margin at 13.09% in Q1 2026, 42.69% in Q4 2025, and 10.54% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 20.15% |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 19.08% |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | 5.76% |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 5.15% |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 10.14% |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 18.58% |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 11.21% |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 6.85% |
| 10 | Microvast Holdings | 282.20 Mn | 139.07 Mn | 25.78 Mn | -1.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.97% |
| Mar 31, 2026 | -13.09% |
| Dec 31, 2025 | -42.69% |
| Sep 30, 2025 | 10.54% |
| Jun 30, 2025 | 17.75% |
| 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% |
| Sep 30, 2021 | -307.09% |