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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |