Microvast Holdings MVST
NASDAQ MVST
$0.63 +0.00 (+0.13%)
As of: Sep 10, 2026 · 3:59 PM EDT

Microvast Holdings (MVST) Tax Rate (2019 - 2025)

Microvast Holdings (MVST) posted Tax Rate of 61.28% for Q4 2025, up 37.81% on a QoQ basis from 98.53% in Q3 2025.

Analysis

Microvast Holdings (MVST) Tax Rate (2019 - 2025) Analysis & Trends

Microvast Holdings has reported Tax Rate for 6 years, with the latest figure at 61.28% in Q4 2025.

  • On a quarterly basis, Tax Rate changed N/A year-over-year to 61.28% in Q4 2025; TTM through Jun 2026 was 47.28%, a 4748.0% increase from a year earlier, with the FY2025 full-year figure at 15.42%, changed N/A from the prior year.
  • Tax Rate was 61.28% for Q4 2025 at Microvast Holdings, up from 98.53% in the prior quarter.
  • The five-year high for Tax Rate was 0.69% in Q4 2021, with the low at 98.53% in Q3 2025.
  • Average Tax Rate over 4 years is 17.85%, with a median of 0.21% recorded in 2025.
  • The largest YoY upside for Tax Rate was 60 bps in 2021 against a maximum downside of 2050 bps in 2021.
  • Over 4 years, Tax Rate stood at 0.69% in 2021, then sank by 114 bps to 0.1% in 2022, then jumped by 58 bps to 0.04% in 2023, then sank by 150526 bps to 61.28% in 2025.
  • The last three Tax Rate figures came in at 61.28% (Q4 2025), 98.53% (Q3 2025), and 0.21% (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 EnerSys 6.54 Bn 6.01 Bn 313.36 Mn 13.75%
2 QuantumScape 3.20 Bn 3.20 Bn - -0.20%
3 Eos Energy Enterprises 1.35 Bn 1.00 Bn -48.80 Mn 0.00%
4 Fluence Energy 1.34 Bn 769.30 Mn 33.24 Mn -1.84%
5 Energy Vault Holdings 752.49 Mn 645.13 Mn 5.38 Mn -3.12%
6 Enovix 689.37 Mn 689.37 Mn 1.30 Mn 1.01%
7 Amprius Technologies 436.15 Mn 361.63 Mn 9.28 Mn -
8 Electrovaya 257.13 Mn 244.05 Mn 6.19 Mn -
9 Microvast Holdings 215.82 Mn 72.70 Mn 25.78 Mn -
10 Ses Ai 176.50 Mn 176.50 Mn 1.15 Mn -0.74%
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 -61.28%
Sep 30, 2025 -98.53%
Jun 30, 2025 -0.21%
Dec 31, 2023 -0.04%
Dec 31, 2022 -0.10%
Dec 31, 2021 0.69%
Sep 30, 2021 -0.09%
Jun 30, 2021 -0.40%
Mar 31, 2021 -0.67%
Dec 31, 2020 0.09%
Sep 30, 2020 2.61%
Jun 30, 2020 12.74%
Mar 31, 2020 19.82%
Dec 31, 2019 21.00%
Sep 30, 2019 20.49%
Jun 30, 2019 21.36%
Mar 31, 2019 21.00%