Microvast Holdings (MVST) Return on Capital Employed [ROCE] (2019 - 2026)
Microvast Holdings (MVST) recorded Return on Capital Employed [ROCE] of -19.15% in Q3 2026, down 27.03 percentage points from 7.88% a year earlier and down 14.84 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 Q3 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q3 2024.
- 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 +6.71 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 27.03 percentage points in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.31% (Q2 2026), -2.94% (Q1 2026) and 1.34% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 13.43% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 12.05% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 16.24% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 23.66% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 12.27% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 10.55% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 10.44% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 16.98% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 2.00% |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -19.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -19.15% |
| Jun 30, 2026 | -4.31% |
| Mar 31, 2026 | -2.94% |
| Dec 31, 2025 | 1.34% |
| Sep 30, 2025 | 7.88% |
| 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% |
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();