Microvast Holdings (MVST) Return on Invested Capital [ROIC] (2021 - 2026)
Microvast Holdings' Return on Invested Capital [ROIC] was -2.69% in Q2 2026, down 7.21 percentage points from 4.52% a year earlier.
Powered by 
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 1.01%.
- Return on Invested Capital [ROIC] shows a three-year change of +21.70 percentage points (FY2022 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -14.91% in FY2023 (+5.78 pp) and -20.69% in FY2022.
- The Q2 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 +11.87 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2022 (a gain of 73.89 percentage points); the worst was Q2 2024 (a drop of 8.15 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 10.65% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 26.62% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.76% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 7.88% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | - |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 10.63% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 13.79% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 5.27% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.97% |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | -2.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.69% |
| Dec 31, 2025 | -0.49% |
| Sep 30, 2025 | 5.35% |
| Jun 30, 2025 | 4.52% |
| Sep 30, 2024 | -21.22% |
| Jun 30, 2024 | -26.82% |
| Mar 31, 2024 | -14.50% |
| Dec 31, 2023 | -15.73% |
| Sep 30, 2023 | -17.99% |
| Jun 30, 2023 | -18.67% |
| Mar 31, 2023 | -20.51% |
| Dec 31, 2022 | -21.94% |
| Sep 30, 2022 | -22.90% |
| Jun 30, 2022 | -31.59% |
| Mar 31, 2022 | -27.91% |
| Sep 30, 2021 | -96.80% |
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();