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Microvast Holdings, Inc. MVST Return on invested capital

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-3.3%-8.0pp
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13.3%-3.0pp
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-38.3%-14.5pp

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$301.84M-69.4%
Enterprise value$268.97M-78.4%
P/E123×
P/S0.8×-1.5×

Profitability

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Gross margin26.4%-8.6pp
Operating margin9.7%+5.4pp
Net margin-28.8%-5.3pp
FCF margin6.9%

Returns & leverage

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Return on equity-30.3%+5.7pp
Debt / equity0.2×-0.4×
Current ratio-0.4×

Where this comes from

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

Based on trailing twelve months.

The source filing: Microvast Holdings, Inc.’s 10-Q, filed November 10, 2025. Open the filing →

Filed
Nov 10, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001628280-25-051119

FAQ

What is Microvast Holdings, Inc.'s return on invested capital?
Microvast Holdings, Inc. (MVST) reported return on invested capital of 7.1% in Q3 2025.
How has Microvast Holdings, Inc.'s return on invested capital changed year-over-year?
Microvast Holdings, Inc.'s return on invested capital increased by 130.0% year-over-year, from -23.8% to 7.1%.
What is the long-term trend for Microvast Holdings, Inc.'s return on invested capital?
Over 2 years (2022 to 2024), Microvast Holdings, Inc.'s return on invested capital has grown at a -35.9% compound annual growth rate (CAGR), from -48.4% to -19.9%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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