Microvast Holdings (MVST) Return on Invested Capital [ROIC] (2021 - 2026)
Microvast Holdings' Return on Invested Capital [ROIC] was -12.93% in Q3 2026, down 17.94 percentage points from 5.01% a year earlier and down 11.09 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Microvast Holdings came in at 0.92%.
- Return on Invested Capital [ROIC] shows a three-year change of +21.21 percentage points (FY2022 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -14.73% in FY2023 (+5.56 pp) and -20.29% in FY2022.
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in two of the last four quarters, with an average year-over-year change of +8.76 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2022 (a gain of 51.26 percentage points); the worst was Q3 2026 (a drop of 17.94 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 18.10% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 31.22% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 17.06% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 10.85% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 8.39% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 8.02% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 15.15% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 2.11% |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -12.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -12.93% |
| Jun 30, 2026 | -1.84% |
| Dec 31, 2025 | 0.77% |
| Sep 30, 2025 | 5.01% |
| Jun 30, 2025 | 4.38% |
| Sep 30, 2024 | -22.94% |
| Jun 30, 2024 | -26.86% |
| Mar 31, 2024 | -14.07% |
| Dec 31, 2023 | -15.44% |
| Sep 30, 2023 | -17.43% |
| Jun 30, 2023 | -18.15% |
| Mar 31, 2023 | -19.97% |
| Dec 31, 2022 | -21.58% |
| Sep 30, 2022 | -22.67% |
| Jun 30, 2022 | -31.15% |
| Mar 31, 2022 | -27.46% |
| Sep 30, 2021 | -73.93% |
API Access
Microvast Holdings Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();