Microvast Holdings (MVST) Return on Sales [ROS] (2020 - 2026)
Microvast Holdings (MVST) recorded Return on Sales [ROS] of -145.55% in Q3 2026, down 157.63 percentage points from 12.08% a year earlier and down 143.57 percentage points from the prior quarter.
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Analysis
Microvast Holdings (MVST) Return on Sales [ROS] (2020 - 2026) Analysis & Trends
On a TTM basis, Microvast Holdings' Return on Sales [ROS] came in at -37.41% as of Sep 30, 2026, down 45.91 percentage points year-over-year; for FY2025, it was 1.63%, up 32.20 percentage points from FY2024.
- Annual Return on Sales [ROS] has increased for four straight years, with a five-year change of +28.71 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Sales [ROS] came in at -30.57% in FY2024 (+4.24 pp), -34.81% in FY2023 (+43.41 pp), -78.22% in FY2022 (+49.48 pp) and -127.69% in FY2021 (-100.62 pp).
- The Q3 2026 figure is the lowest quarterly Return on Sales [ROS] since Q3 2021.
- On a year-over-year basis, Return on Sales [ROS] has declined for four consecutive quarters, with an average year-over-year change of -4.18 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Sales [ROS] in the last five years was a gain of 211.04 percentage points in Q3 2022, against a drop of 157.63 percentage points in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -1.97% (Q2 2026), -13.09% (Q1 2026) and -33.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 11.03% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 18.24% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 44.37% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 18.71% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 13.86% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 12.40% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 16.58% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 12.15% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 6.19% |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -145.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -145.55% |
| Jun 30, 2026 | -1.97% |
| Mar 31, 2026 | -13.09% |
| Dec 31, 2025 | -33.41% |
| Sep 30, 2025 | 12.08% |
| Jun 30, 2025 | 9.88% |
| Mar 31, 2025 | 13.10% |
| Dec 31, 2024 | -1.25% |
| Sep 30, 2024 | 7.09% |
| Jun 30, 2024 | -118.01% |
| Mar 31, 2024 | -28.42% |
| Dec 31, 2023 | -21.24% |
| Sep 30, 2023 | -32.89% |
| Jun 30, 2023 | -35.84% |
| Mar 31, 2023 | -66.63% |
| Dec 31, 2022 | -53.44% |
| Sep 30, 2022 | -96.05% |
| Jun 30, 2022 | -69.82% |
| Mar 31, 2022 | -117.97% |
| Dec 31, 2021 | -71.28% |
API Access
Microvast Holdings Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();