Microvast Holdings (MVST) Return on Assets [ROA] (2019 - 2026)
Microvast Holdings (MVST) recorded Return on Assets [ROA] of -2.61% in Q3 2026, up 10.09 percentage points from -12.69% a year earlier but down 7.89 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) Return on Assets [ROA] (2019 - 2026) Analysis & Trends
For FY2025, Microvast Holdings reported Return on Assets [ROA] of -2.99%, up 16.10 percentage points from FY2024.
- Annual Return on Assets [ROA] has a five-year change of +6.83 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at -19.08% in FY2024 (-8.86 pp), -10.22% in FY2023 (+5.75 pp), -15.98% in FY2022 (+13.52 pp) and -29.50% in FY2021 (-19.68 pp).
- Quarterly Return on Assets [ROA] has ranged from -25.49% in Q2 2022 to 5.29% in Q2 2026 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] has increased for six consecutive quarters, with an average year-over-year change of +5.85 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 17.16 percentage points in Q4 2025, against a drop of 17.00 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.29% (Q2 2026), -4.29% (Q1 2026) and -2.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.40% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 13.58% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 13.76% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 8.19% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 5.07% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.49% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 9.76% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.86% |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -2.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -2.61% |
| Jun 30, 2026 | 5.29% |
| Mar 31, 2026 | -4.29% |
| Dec 31, 2025 | -2.89% |
| Sep 30, 2025 | -12.69% |
| Jun 30, 2025 | -11.40% |
| Mar 31, 2025 | -11.25% |
| Dec 31, 2024 | -20.05% |
| Sep 30, 2024 | -14.06% |
| Jun 30, 2024 | -17.70% |
| Mar 31, 2024 | -9.51% |
| Dec 31, 2023 | -10.07% |
| Sep 30, 2023 | -11.47% |
| Jun 30, 2023 | -12.58% |
| Mar 31, 2023 | -14.48% |
| Dec 31, 2022 | -16.16% |
| Sep 30, 2022 | -17.60% |
| Jun 30, 2022 | -25.49% |
| Mar 31, 2022 | -23.47% |
| Dec 31, 2021 | -20.80% |
API Access
Microvast Holdings Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();