Microvast Holdings (MVST) Return on Capital Employed [ROCE] (2019 - 2026)
Microvast Holdings (MVST) recorded Return on Capital Employed [ROCE] of -6.04% in Q2 2026, down 12.45 percentage points from 6.41% a year earlier and down 1.14 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) Return on Capital Employed [ROCE] (2019 - 2026) Analysis & Trends
For FY2025, Microvast Holdings reported Return on Capital Employed [ROCE] of 1.42%, up 18.15 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for four straight years, with a five-year change of +19.74 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -16.72% in FY2024 (+0.02 pp), -16.74% in FY2023 (+4.94 pp), -21.68% in FY2022 (+15.33 pp) and -37.01% in FY2021 (-18.69 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in five of the last eight quarters, with an average year-over-year change of +8.88 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 33.52 percentage points in Q2 2025, against a drop of 20.79 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.90% (Q1 2026), -0.74% (Q4 2025) and 7.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 8.04% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 8.69% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.07% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 9.38% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 23.08% |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 11.64% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 15.27% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 4.90% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.68% |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | -6.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.04% |
| Mar 31, 2026 | -4.90% |
| Dec 31, 2025 | -0.74% |
| Sep 30, 2025 | 7.49% |
| Jun 30, 2025 | 6.41% |
| Mar 31, 2025 | -12.38% |
| Dec 31, 2024 | -18.01% |
| Sep 30, 2024 | -21.26% |
| Jun 30, 2024 | -27.12% |
| Mar 31, 2024 | -14.04% |
| Dec 31, 2023 | -16.34% |
| Sep 30, 2023 | -17.76% |
| Jun 30, 2023 | -18.34% |
| Mar 31, 2023 | -20.65% |
| Dec 31, 2022 | -22.01% |
| Sep 30, 2022 | -23.35% |
| Jun 30, 2022 | -32.83% |
| Mar 31, 2022 | -27.77% |
| Dec 31, 2021 | -23.75% |
| Sep 30, 2021 | -31.13% |
API Access
Microvast Holdings Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();