Microvast Holdings (MVST) Operating Margin (2020 - 2026)
Microvast Holdings' quarterly Operating Margin came in at 13.09% in Q1 2026, down 2619.0% year-on-year from 0.52% in Q1 2025, and up 69.34% quarter-over-quarter from 42.69% in Q4 2025.
Microvast Holdings has reported Operating Margin for 7 years, with the latest figure at 13.09% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 2619.0% year-over-year to 13.09%; the trailing twelve-month figure through Mar 2026 stood at 5.35% (up 1338.0% YoY), and the FY2025 full-year result 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.
- Average Operating Margin over 5 years is 38.17%, with a median of 32.89% recorded in 2023.
- Year-over-year, Operating Margin surged 21104 bps in 2022 and tumbled 8216 bps in 2024.
- Tracing MVST's Operating Margin over 5 years: stood at 53.44% in 2022, then jumped by 60 bps to 21.24% in 2023, then soared by 94 bps to 1.25% in 2024, then tumbled by 3316 bps to 42.69% in 2025, then soared by 69 bps to 13.09% in 2026.
- The last three Operating Margin figures came in at 13.09% (Q1 2026), 42.69% (Q4 2025), and 10.54% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.93 Bn | 76.68 Bn | 2.35 Bn | 18.45% |
| 2 | Autozone | 56.46 Bn | 56.17 Bn | 2.24 Bn | 16.34% |
| 3 | Modine Manufacturing | 13.73 Bn | 13.64 Bn | 186.10 Mn | 11.09% |
| 4 | Borgwarner | 13.51 Bn | 13.68 Bn | 677.00 Mn | 9.51% |
| 5 | Genuine Parts | 13.47 Bn | 12.99 Bn | 2.34 Bn | 4.57% |
| 6 | Aptiv | 12.21 Bn | 9.14 Bn | 920.00 Mn | 7.43% |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 8.34% |
| 8 | Autoliv | 9.18 Bn | 8.83 Bn | 526.00 Mn | 8.61% |
| 9 | Allison Transmission Holdings | 9.12 Bn | 8.81 Bn | 406.00 Mn | 13.87% |
| 10 | Microvast Holdings | 485.25 Mn | 311.25 Mn | 19.16 Mn | -13.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -66.94% |
| Mar 31, 2021 | -72.53% |
| Dec 31, 2020 | -7.70% |
| Sep 30, 2020 | -29.58% |