Market cap
$278 Mln
Revenue (TTM)
$368 Mln
P/E Ratio
--
P/B Ratio
0.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 43.97 | -4.46 | -13.03 | 17.71 | 23.65 |
| EBIT | -- | -- | 148.01 | 35.69 | 26.08 |
| Net Profit | -124.87 | 88.70 | 137.57 | 34.02 | -24.62 |
| EPS | -127.45 | 89.52 | 129.80 | 32.57 | 21.16 |
| Book Value | -- | -- | 1.09 | -15.16 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -29.89 | -59.54 | 16.71 | -6.93 | -48.91 |
| Net Margin
| -- | -108.80 | 13.95 | -- | -- |
| Return on equity
| -22.15 | -32.29 | 10.75 | -7.32 | -41.06 |
| Return on Capital
| -14.61 | -22.16 | -- | -3.87 | -26.30 |
| Return on Assets
| -10.76 | -15.82 | 3.59 | -2.99 | -19.08 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.94 | 0.85 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
-3.87
|
-26.30
|
-13.66
|
-19.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
10.75
Lower than Peers by 3.81
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
10.75
|
-7.32
|
-41.06
|
-18.07
|
-24.34
|
|
Peer Median
|
14.56
|
--
|
--
|
--
|
--
|
ROA
3.59
Lower than Peers by 1.85
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
3.59
|
-2.99
|
-19.08
|
-10.22
|
-15.98
|
|
Peer Median
|
5.44
|
--
|
--
|
--
|
--
|
EBIT Margin
16.71
Higher than Peers by 4.61
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
16.71
|
-6.93
|
-48.91
|
-33.84
|
-75.72
|
|
Peer Median
|
12.10
|
--
|
--
|
--
|
--
|
Net Margin
13.95
Higher than Peers by 5.36
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
13.95
|
-6.83
|
-51.46
|
-34.68
|
-75.83
|
|
Peer Median
|
8.59
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-13.03
Lower than Peers by 16.72
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
-13.03
|
0.13
|
0.24
|
0.50
|
0.35
|
|
Peer Median
|
3.70
|
--
|
--
|
--
|
--
|
EBIT Growth
148.01
Higher than Peers by 144.01
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
148.01
|
84.04
|
-78.99
|
32.98
|
22.99
|
|
Peer Median
|
4.00
|
--
|
--
|
--
|
--
|
Net Profit Growth
137.57
Higher than Peers by 130.02
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
137.57
|
85.05
|
-83.81
|
32.78
|
26.76
|
|
Peer Median
|
7.56
|
--
|
--
|
--
|
--
|
EPS Growth
129.80
Higher than Peers by 119.66
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
129.80
|
0.86
|
-0.79
|
0.34
|
0.29
|
|
Peer Median
|
10.14
|
--
|
--
|
--
|
--
|
Book Value Growth
41.44
Higher than Peers by 32.02
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
41.44
|
--
|
--
|
--
|
--
|
|
Peer Median
|
9.42
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
0.94
|
0.85
|
0.36
|
0.29
|
|
Peer Median
|
0.46
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.30
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
0.30
|
0.77
|
0.32
|
0.18
|
0.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.09
Lower than Peers by 0.96
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
1.09
|
0.92
|
1.30
|
1.06
|
2.16
|
|
Peer Median
|
2.05
|
--
|
--
|
--
|
--
|
Quick Ratio
0.82
Lower than Peers by 0.47
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
0.82
|
0.74
|
0.86
|
0.67
|
1.83
|
|
Peer Median
|
1.29
|
--
|
--
|
--
|
--
|
Interest Coverage
10.11
Higher than Peers by 1.48
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
10.11
|
-6.05
|
-19.13
|
-39.49
|
-46.60
|
|
Peer Median
|
8.64
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
33.33
Higher than Peers by 15.86
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
33.33
|
39.76
|
38.44
|
57.88
|
60.74
|
|
Peer Median
|
17.47
|
--
|
--
|
--
|
--
|
Asset Turnover
0.26
Lower than Peers by 0.37
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
0.26
|
0.44
|
0.37
|
0.29
|
0.21
|
|
Peer Median
|
0.63
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
134.97
|
155.55
|
179.70
|
204.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
155.75
|
209.73
|
175.60
|
128.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
74.91
|
124.60
|
115.41
|
79.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
215.81
|
240.68
|
239.89
|
252.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
-32.34
|
-3.41
|
-4.12
|
-2.98
|
|
Peer Median
|
39.93
|
--
|
--
|
--
|
--
|
Price / Book Value
0.55
Lower than Peers by 4.06
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
0.55
|
2.30
|
1.72
|
0.78
|
0.77
|
|
Peer Median
|
4.61
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
EV/EBITDA
4.31
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
4.31
|
350.71
|
-5.96
|
-6.88
|
-2.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
278
Lower than Peers by 942
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Microvast Holdings (MVST)
|
278
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,220
|
--
|
--
|
--
|
--
|