What is Microvast Holdings, Inc.'s free cash flow margin?

Microvast Holdings, Inc. (MVST) reported free cash flow margin of 6.9% in Q1 2026.

What is the long-term trend for Microvast Holdings, Inc.'s free cash flow margin?

Over 3 years (2021 to 2025), Microvast Holdings, Inc.'s free cash flow margin has grown at a -46.9% compound annual growth rate (CAGR), from -87.4% to 13.1%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Microvast Holdings, Inc. MVST Free cash flow margin

Free cash flow margin at other companies

SES AISES

-262.8%-115pp

EnerSysENS

12.5%+8.6pp

Energy Vault HoldingsNRGV

-247.8%—

AlbemarleALB

-2.8%-1.3pp

Enovix CorporationENVX

-368.9%-117pp

SolarEdge TechnologiesSEDG

8.4%+4.9pp

Other financials

Income statement

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Revenue$60.6M-48.0%

Gross profit$19.2M-55.5%

Operating income-$7.9M-152%

Net income$48.2M-22.0%

EPS (diluted)-$0.04-180%

Balance sheet

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Cash & equivalents$126.1M+2.5%

Total debt$93.3M-65.4%

Total equity$466.1M+2.6%

Total assets$987.5M+0.5%

Cash flow

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Operating cash flow-$22.8M-418%

CapEx$2.9M+21.7%

Free cash flow-$25.7M-632%

Valuation

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Market cap$374.8M-70.5%

Enterprise value$341.93M-75.9%

P/E152.7×—

P/S1×-2.1×

Profitability

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Gross margin26.4%-8.6pp

Operating margin9.7%+5.4pp

Net margin-28.8%-5.3pp

Returns & leverage

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Return on equity-30.3%+5.7pp

Debt / equity0.2×-0.4×

Current ratio1×-0.4×

Where this comes from

Calculated from Microvast Holdings, Inc.’s reported figures.

free cash flow/total revenue=6.9%

Based on trailing twelve months.

The official record: Microvast Holdings, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microvast Holdings, Inc.'s free cash flow margin?: Microvast Holdings, Inc. (MVST) reported free cash flow margin of 6.9% in Q1 2026.
What is the long-term trend for Microvast Holdings, Inc.'s free cash flow margin?: Over 3 years (2021 to 2025), Microvast Holdings, Inc.'s free cash flow margin has grown at a -46.9% compound annual growth rate (CAGR), from -87.4% to 13.1%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.