← Back to Screener
US Stock Screener
HomeScreensNewsWatchlist
...

Microvast Holdings, Inc. (MVST) 10-Year Financial Performance & Capital Metrics

MVST • • Industrial / General
IndustrialsElectrical EquipmentBattery Materials & ComponentsLithium-ion Battery Manufacturing
AboutMicrovast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks in the United States and internationally. The company was incorporated in 2006 and is based in Stafford, Texas.Show more
  • Revenue $380M +23.9%
  • EBITDA -$85M -1.7%
  • Net Income -$195M -83.8%
  • EPS (Diluted) -0.61 -79.4%
  • Gross Margin 31.48% +68.7%
  • EBITDA Margin -22.45% +17.9%
  • Operating Margin -30.57% +12.2%
  • Net Margin -51.46% -48.4%
  • ROE -41.06% -127.3%
  • ROIC -13.08% -1.6%
  • Debt/Equity 0.85 +133.1%
  • Interest Coverage -11.95 +70.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 37.8%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-
5Y37.8%
3Y35.7%
TTM19.82%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-9.82%

EPS CAGR

10Y-
5Y-
3Y-
TTM-44.11%

ROCE

10Y Avg-32637.16%
5Y Avg-21.92%
3Y Avg-17.74%
Latest-17.66%

Peer Comparison

Lithium-ion Battery Manufacturing
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ULBIUltralife Corporation117.21M7.0418.533.66%0.92%1.25%12.55%0.44
CBATCBAK Energy Technology, Inc.77.12M0.876.69-13.61%-4.03%-5.5%29.2%0.25
ENREnergizer Holdings, Inc.1.46B21.246.402.28%8.09%140.67%4.34%20.79
XPONExpion360 Inc.8.88M0.92-0.04-5.96%-21.76%-22.74%0.41
DFLIDragonfly Energy Holdings Corp.46.38M3.84-0.65-21.35%-60.13%-438.89%
TET1 Energy Inc1.57B7.41-2.32-243.61%-351.25%3.01
FLUXFlux Power Holdings, Inc.32.44M1.52-3.809.22%-10.05%
MVSTMicrovast Holdings, Inc.974.7M2.97-4.8723.87%-34.01%-42.22%0.85

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+174.24M76.43M107.52M151.98M204.5M306.62M379.8M
Revenue Growth %--0.56%0.41%0.41%0.35%0.5%0.24%
Cost of Goods Sold+153.39M76.67M90.38M194.72M195.42M249.39M260.25M
COGS % of Revenue0.88%1%0.84%1.28%0.96%0.81%0.69%
Gross Profit+20.85M-231K17.14M-42.74M9.07M57.23M119.55M
Gross Margin %0.12%-0%0.16%-0.28%0.04%0.19%0.31%
Gross Profit Growth %--1.01%75.2%-3.49%1.21%5.31%1.09%
Operating Expenses+73.14M53.63M46.25M151.32M169.02M163.96M235.64M
OpEx % of Revenue0.42%0.7%0.43%1%0.83%0.53%0.62%
Selling, General & Admin46.39M30.88M32.61M123.06M125.39M120.4M104.06M
SG&A % of Revenue0.27%0.4%0.3%0.81%0.61%0.39%0.27%
Research & Development32.45M26M16.64M34.38M43.51M45M41.06M
R&D % of Revenue0.19%0.34%0.15%0.23%0.21%0.15%0.11%
Other Operating Expenses0-3.24M-3M-6.13M126K-1.45M90.52M
Operating Income+-57.99M-53.86M-29.11M-194.06M-159.95M-106.73M-116.09M
Operating Margin %-0.33%-0.7%-0.27%-1.28%-0.78%-0.35%-0.31%
Operating Income Growth %-0.07%0.46%-5.67%0.18%0.33%-0.09%
EBITDA+-45.24M-38.47M-12.31M-173.35M-139.58M-83.8M-85.26M
EBITDA Margin %-0.26%-0.5%-0.11%-1.14%-0.68%-0.27%-0.22%
EBITDA Growth %-0.15%0.68%-13.08%0.19%0.4%-0.02%
D&A (Non-Cash Add-back)12.75M15.39M16.79M20.71M20.36M22.93M30.83M
EBIT-57.99M-53.12M-27.89M-201.07M-154.84M-103.77M-185.75M
Net Interest Income+0-5.47M-5.17M-4.96M-144K981K-8.97M
Interest Income0884K571K446K3.18M3.61M742K
Interest Expense06.35M5.74M5.41M3.32M2.63M9.71M
Other Income/Expense3.72M-5.61M-4.52M-12.42M1.78M327K-79.37M
Pretax Income+-54.27M-59.47M-33.62M-206.48M-158.17M-106.4M-195.46M
Pretax Margin %-0.31%-0.78%-0.31%-1.36%-0.77%-0.35%-0.51%
Income Tax+6.42M189K1K033K10K0
Effective Tax Rate %1.84%1.22%1.47%1.05%1%1%1%
Net Income+-100.03M-72.59M-49.55M-216.01M-158.2M-106.34M-195.46M
Net Margin %-0.57%-0.95%-0.46%-1.42%-0.77%-0.35%-0.51%
Net Income Growth %-0.27%0.32%-3.36%0.27%0.33%-0.84%
Net Income (Continuing)-100.03M-59.66M-33.63M-206.48M-158.2M-106.41M-195.46M
Discontinued Operations0000000
Minority Interest080.56M90.82M0000
EPS (Diluted)+-161.90-1.70-0.27-1.26-0.52-0.34-0.61
EPS Growth %-0.99%0.84%-3.67%0.59%0.35%-0.79%
EPS (Basic)-161.90-0.38-0.27-1.26-0.52-0.34-0.61
Diluted Shares Outstanding617.88K300.52M300.52M185.9M303.28M310.91M318.46M
Basic Shares Outstanding617.88K300.52M300.52M185.9M303.28M310.91M318.46M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+17.52K396.37K189.32M706.61M545.07M425.61M428.03M
Cash & Short-Term Investments17.5K29.47M41.2M480.93M256.49M87.65M73.01M
Cash Only17.5K27.98M21.5M480.93M231.42M82.02M73.01M
Short-Term Investments01.49M282.25M025.07M5.63M0
Accounts Receivable067.64M100.09M104.25M124.22M177.48M146.01M
Days Sales Outstanding-323.01339.78250.39221.72211.28140.32
Inventory059.16M44.97M53.42M84.25M155.55M143.33M
Days Inventory Outstanding-281.66181.61100.14157.36227.66201.02
Other Current Assets0-155.95M055.18M70.73M950K56.47M
Total Non-Current Assets+83.67K280.1M215.19M288.69M439.89M671.13M523.84M
Property, Plant & Equipment0191.32M198.02M253.06M351.51M640.17M495.82M
Fixed Asset Turnover-0.40x0.54x0.60x0.58x0.48x0.77x
Goodwill0000000
Intangible Assets016.08M16.28M15.89M14.28M15.12M13.98M
Long-Term Investments0280.1M00465K6.17M22K
Other Non-Current Assets83.67K1.57M890K19.74M74.11M21.64M14.02M
Total Assets+101.2K280.5M404.51M995.29M984.96M1.1B951.87M
Asset Turnover1721.69x0.27x0.27x0.15x0.21x0.28x0.40x
Asset Growth %-2770.74%0.44%1.46%-0.01%0.11%-0.13%
Total Current Liabilities+75.79K195.8M183.63M175.59M252.41M403.41M330.15M
Accounts Payable035.58M42.01M40.41M44.98M112.62M64.94M
Days Payables Outstanding-169.4169.6575.7484.02164.8291.08
Short-Term Debt75.34K120.89M77.88M74.25M85.84M98.77M122.42M
Deferred Revenue (Current)0-1000K1000K1000K1000K1000K1000K
Other Current Liabilities450195.8M8.26M31.56M60.07M137.78M23.77M
Current Ratio0.23x0.00x1.03x4.02x2.16x1.06x1.30x
Quick Ratio0.23x-0.30x0.79x3.72x1.83x0.67x0.86x
Cash Conversion Cycle-435.27351.74274.79295.06274.11250.26
Total Non-Current Liabilities+0160.21M514.67M133M119.57M129.13M233.82M
Long-Term Debt029.26M73.15M73.15M72.89M86.92M188.83M
Capital Lease Obligations000014.35M17.09M14.6M
Deferred Tax Liabilities027.07K425.24M0000
Other Non-Current Liabilities0130.92M15.06M57.57M29.27M21.75M24.78M
Total Liabilities75.79K356.01M698.29M308.59M371.98M532.54M563.97M
Total Debt+75.34K150.15M151.03M147.4M175M205.18M328.89M
Net Debt57.84K150.01M129.53M-333.53M-56.41M123.17M255.88M
Debt / Equity2.97x2.51x-0.21x0.29x0.36x0.85x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage--8.48x-5.07x-35.86x-48.13x-40.61x-11.95x
Total Equity+25.41K59.81M-293.78M686.7M612.98M564.19M387.89M
Equity Growth %-2353.02%-5.91%3.34%-0.11%-0.08%-0.31%
Book Value per Share0.040.20-0.983.692.021.811.22
Total Shareholders' Equity25.41K-20.75M-75.47M686.7M612.98M564.19M387.89M
Common Stock7206K6K30K31K32K33K
Retained Earnings-792-314.73M-398M-632.1M-791.16M-897.5M-1.09B
Treasury Stock0000000
Accumulated OCI0-9.27M13.39M12.73M-12.05M-19.58M-32.16M
Minority Interest080.56M90.82M0000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-34213.37M15.56M-45.04M-53.93M-75.3M2.81M
Operating CF Margin %-0%0.17%0.14%-0.3%-0.26%-0.25%0.01%
Operating CF Growth %-39097.49%0.16%-3.9%-0.2%-0.4%1.04%
Net Income-792-59.66M-33.63M-206.48M-158.2M-106.41M-195.46M
Depreciation & Amortization12.75M15.39M16.79M20.71M20.36M22.93M30.83M
Stock-Based Compensation00082.89M90.81M64.97M30.84M
Deferred Taxes0000000
Other Non-Cash Items-4505.93M5.35M81.8M23.55M21.69M189.36M
Working Capital Changes45051.71M27.04M-23.96M-30.45M-78.48M-52.76M
Change in Receivables20.63M78.76M10.34M-1.83M-35.74M-47.1M15.28M
Change in Inventory7.11M10.45M13.61M-25.89M-43.69M-74.41M-546K
Change in Payables450-12.88M3.82M-2.5M7.15M68.58M-44.52M
Cash from Investing+156.05M-3.95M-17.67M-87.86M-175.94M-165.6M-12.15M
Capital Expenditures-29.81M-20.26M-18.64M-87.86M-150.88M-186.79M-27.72M
CapEx % of Revenue0.17%0.27%0.17%0.58%0.74%0.61%0.07%
Acquisitions-------
Investments-------
Other Investing185.86M24K13K05K1.65M10.01M
Cash from Financing+17.84K-52.18M-507K624.95M4.97M33.04M37.59M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-82.5K-32.7M0566.09M00-22.68M
Net Change in Cash-------
Free Cash Flow+-29.81M-6.89M-3.09M-132.9M-204.81M-262.09M-24.91M
FCF Margin %-0.17%-0.09%-0.03%-0.87%-1%-0.85%-0.07%
FCF Growth %-0.77%0.55%-42.02%-0.54%-0.28%0.9%
FCF per Share-48.25-0.02-0.01-0.71-0.68-0.84-0.08
FCF Conversion (FCF/Net Income)0.00x-0.18x-0.31x0.21x0.34x0.71x-0.01x
Interest Paid001.97M2.69M5.13M4.37M7.44M
Taxes Paid058K00000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-393706.71%-242.63%--109.95%-24.34%-18.07%-41.06%
Return on Invested Capital (ROIC)-52240.54%-44.37%-246.21%-154.09%-26.37%-12.87%-13.08%
Gross Margin11.97%-0.3%15.94%-28.12%4.44%18.66%31.48%
Net Margin-57.41%-94.97%-46.09%-142.13%-77.36%-34.68%-51.46%
Debt / Equity2.97x2.51x-0.21x0.29x0.36x0.85x
Interest Coverage--8.48x-5.07x-35.86x-48.13x-40.61x-11.95x
FCF Conversion0.00x-0.18x-0.31x0.21x0.34x0.71x-0.01x
Revenue Growth--56.13%40.67%41.35%34.56%49.94%23.87%

Revenue by Geography

2021202220232024
Europe19.54M15.81M84.36M187.72M
Europe Growth--19.10%433.61%122.53%
Asia Pacific131.52M185.03M219.13M177.7M
Asia Pacific Growth-40.69%18.43%-18.91%
ITALY-6.39M56.59M150.81M
ITALY Growth--785.77%166.48%
PRC-132.47M156.48M127.14M
PRC Growth--18.13%-18.75%
INDIA17.8M47.32M60.61M48.77M
INDIA Growth-165.78%28.07%-19.53%
Other European Countries-5.44M24.26M36.91M
Other European Countries Growth--345.55%52.16%
UNITED STATES-3.65M3.13M14.39M
UNITED STATES Growth---14.38%360.24%
PeoplesRepublicOfChinaMember93.33M---
PeoplesRepublicOfChinaMember Growth----
OtherCountriesMember8.17M---
OtherCountriesMember Growth----
OtherCountriesOneMember8.16M---
OtherCountriesOneMember Growth----
OtherMember918K---
OtherMember Growth----

Frequently Asked Questions

Growth & Financials

Microvast Holdings, Inc. (MVST) reported $444.5M in revenue for fiscal year 2024. This represents a 155% increase from $174.2M in 2018.

Microvast Holdings, Inc. (MVST) grew revenue by 23.9% over the past year. This is strong growth.

Microvast Holdings, Inc. (MVST) reported a net loss of $151.2M for fiscal year 2024.

Dividend & Returns

Microvast Holdings, Inc. (MVST) has a return on equity (ROE) of -41.1%. Negative ROE indicates the company is unprofitable.

Microvast Holdings, Inc. (MVST) generated $46.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

VCP Scanner

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screens
  • Valuation
  • Compare
  • Total Return
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Twitter
  • Get Early Access
© 2026 VCP Scanner. All rights reserved.
Made with ❤️ for investors
Not financial advice. Do your own research.