Microvast Holdings, Inc. MVST R2K
Microvast Holdings, Inc. engages in the design, development, and manufacturing of battery components and systems primarily for electric commercial vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, electrolyte formulation, full concentration gradient cathode, polyaramid separator, and nickel manganese cobalt. It also designs, develops, and manufactures components of lithium-ion batteries, such as cathode, anode, electrolytes, and separator. The company's commercial vehicle markets cover buses, trains, mining trucks, marine and port vehicles, and automated guided and specialty vehicles, as well as light, medium, and heavy-duty trucks. It operates in China, India, rest of the Asia Pacific, Italy, France, rest of Europe, and the United States. Microvast Holdings, Inc. was founded in 2006 and is headquartered in Stafford, Texas.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 27.9% over 5 years.
- Profit CAGR of 27.2% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 75.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MVST Microvast Holdings, Inc. R2K | 1.55 | - | $516.39M | - | -5.73% | -9.30% | 27.87% | 27.18% |
| 2 | AMZN Amazon.com, Inc. NDXSPXAI | 270.64 | 31.65 | $2.91T | - | 16.60% | 24.29% | 11.73% | 984.47% |
| 3 | TSLA Tesla, Inc. NDXSPXAI | 435.79 | 399.81 | $1.64T | - | 5.29% | 4.90% | 5.19% | -32.94% |
| 4 | HD The Home Depot, Inc. SPX | 317.14 | 22.52 | $316.23B | 2.94% | 28.92% | 128.38% | 1.52% | -6.11% |
| 5 | MCD McDonald's Corporation SPX | 279.20 | 23.04 | $198.37B | 2.66% | 22.63% | - | 5.06% | 11.50% |
| 6 | TJX The TJX Companies, Inc. SPX | 154.75 | 30.11 | $171.12B | 1.24% | 32.91% | 61.25% | 6.53% | 16.24% |
| 7 | BKNG Booking Holdings Inc. NDXSPX | 167.43 | 22.09 | $129.74B | 0.96% | 67.24% | - | 16.35% | 20.90% |
| 8 | LOW Lowe's Companies, Inc. SPX | 214.36 | 18.12 | $120.26B | 2.24% | 29.62% | - | -3.85% | 1.11% |
| 9 | PDD PDD Holdings Inc. NDX | 84.44 | 8.87 | $120.19B | - | 28.69% | 25.40% | 49.00% | 45.85% |
Quarterly Results
Figures in USD.
| Metric | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 33.37M | 36.89M | 36.67M | 64.41M | 38.62M | 46.97M | 74.95M | 80.12M | 81.35M | 83.67M | - | - | 116.49M | 91.34M | 123.29M | 96.40M | 60.61M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73.47M | 59.62M | 76.88M | 95.44M | 41.46M |
| Gross Profit | - | - | - | - | - | 3.68M | -1.24M | -6.77M | -35.88M | 13.00K | 4.84M | 1.99M | 4.86M | 11.46M | 17.88M | 17.23M | 27.20M | - | - | 43.02M | 31.72M | 46.41M | 959.00K | 19.16M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.75M | 14.14M | 33.38M | 39.37M | 27.09M |
| Operating Income | -70.04K | -195.35K | -262.27K | -228.75K | -251.71K | -9.10M | -10.84M | -22.34M | -113.30M | -43.26M | -44.97M | -37.09M | -31.30M | -26.87M | -26.35M | -23.12M | -98.74M | - | - | 15.27M | 17.58M | 13.03M | -38.41M | -7.93M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 70.96M | -96.10M | 8.78M | 19.85M | 57.52M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19M | 1.25M | 1.25M | 1.21M | 1.23M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.79M | -105.84M | -750.00K | 10.26M | 48.21M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 220.00K | 739.00K | -6.28M | - |
| Net Income | 283.32K | 1.26M | 1.26M | 1.90M | -297.16K | -101.29K | -48.83K | -2.05M | - | -43.78M | -44.18M | -36.54M | -29.58M | -26.09M | -26.13M | -24.82M | -101.56M | - | - | 61.79M | -106.06M | -1.49M | 16.54M | 48.21M |
| Diluted EPS | - | - | - | 0.00 | - | - | -0.29 | -0.40 | -0.49 | -0.15 | -0.15 | -0.12 | -0.10 | -0.08 | -0.08 | -0.08 | -0.32 | - | - | 0.05 | -0.33 | 0.00 | 0.05 | -0.04 |
| R&D Expense | - | - | - | - | - | 4.56M | 3.79M | 5.89M | 13.52M | 11.31M | 10.24M | 11.46M | 10.86M | 9.51M | 13.24M | 11.49M | 10.11M | 10.69M | - | 8.25M | 7.72M | 7.76M | - | 8.81M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 76.43M | 107.52M | - | 204.50M | 306.62M | 379.80M | 427.52M |
| Cost of Revenue | - | - | - | 195.42M | 249.39M | 260.25M | 305.41M |
| Gross Profit | -231.00K | 17.14M | - | 9.07M | 57.23M | 119.55M | 122.11M |
| Operating Expenses | - | - | - | 167.22M | 163.45M | 142.47M | 110.98M |
| Operating Income | -53.86M | -29.11M | - | -158.15M | -106.22M | -22.92M | 11.12M |
| EBITDA | - | - | - | -134.48M | -80.85M | -154.91M | 3.49M |
| Interest Expense | - | - | - | 3.32M | 2.63M | 9.71M | 4.90M |
| Pretax Income | - | - | - | -158.17M | -106.40M | -195.46M | -34.54M |
| Tax Provision | - | - | - | 33.00K | 10.00K | 0 | -5.33M |
| Net Income | 3.37M | 1.38M | - | -158.20M | -106.34M | -195.46M | -29.22M |
| Diluted EPS | - | -0.82 | - | -0.52 | -0.34 | -0.61 | -0.09 |
| R&D Expense | 26.00M | 16.64M | 34.38M | 43.51M | 45.00M | 41.06M | 34.11M |
Compounded Sales Growth
| 5 Years: | 27.87% |
| 1 Year: | -48.00% |
Compounded Profit Growth
| 5 Years: | 27.18% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -56.82% |
| 6 Months: | -54.55% |
| 3 Months: | -30.80% |
| 1 Month: | -14.36% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 101.20K | 280.50M | 404.51M | - | 984.96M | 1.10B | 951.87M | 1.01B |
| Current Assets | - | - | - | - | 545.07M | 425.61M | 428.03M | 448.72M |
| Cash & Equivalents | 17.50K | 140.30K | 21.50M | - | 231.42M | 44.54M | 73.01M | 104.96M |
| Inventory | - | - | - | - | 84.25M | 149.75M | 143.33M | 89.41M |
| Receivables | - | - | - | - | 119.30M | 138.72M | 120.63M | 155.76M |
| Total Liabilities | 75.79K | 296.12K | 389.16M | - | 371.98M | 532.54M | 563.97M | 594.93M |
| Current Liabilities | 75.79K | 269.06K | 183.63M | - | 252.41M | 403.41M | 330.15M | 488.34M |
| Long Term Debt | - | - | - | - | 72.89M | 86.92M | 188.83M | 54.92M |
| Total Debt | - | - | - | - | 175.00M | 205.18M | 328.89M | 384.49M |
| Total Equity | -266.58M | -320.26M | 5.00M | - | 612.98M | 564.19M | 387.89M | 410.51M |
| Shares Outstanding | - | - | - | - | 307.63M | 316.69M | 324.83M | 333.47M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 13.37M | 15.56M | - | -53.93M | -75.30M | 2.81M | 75.91M |
| Investing Cash Flow | -3.95M | -17.67M | - | -175.94M | -165.60M | -12.15M | -16.05M |
| Financing Cash Flow | -52.18M | -507.00K | - | 4.97M | 33.04M | 37.59M | -2.68M |
| Capital Expenditure | -20.26M | -18.64M | - | -150.88M | -186.79M | -27.72M | -19.83M |
| Free Cash Flow | -6.89M | -3.09M | - | -204.81M | -262.09M | -24.91M | 56.07M |
| Net Change in Cash | - | - | - | -224.91M | -207.87M | 28.25M | 57.18M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | -0.3% | 15.9% | - | 4.4% | 18.7% | 31.5% | 28.6% |
| Operating Margin % | -70.5% | -27.1% | - | -77.3% | -34.6% | -6.0% | 2.6% |
| Net Margin % | 4.4% | 1.3% | - | -77.4% | -34.7% | -51.5% | -6.8% |
| ROE % | -1.1% | 27.5% | - | -25.8% | -18.8% | -50.4% | -7.1% |
| ROCE % | -19.2% | -13.2% | - | -21.6% | -15.3% | -3.7% | 2.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 4.62% | 15.40M | $23.86M |
| 2 | Vanguard Capital Management LLC | 2.59% | 8.64M | $13.39M |
| 3 | State Street Corporation | 1.61% | 5.38M | $8.34M |
| 4 | Geode Capital Management, LLC | 1.50% | 5.00M | $7.75M |
| 5 | Goldman Sachs Group Inc | 1.00% | 3.34M | $5.17M |
| 6 | Millennium Management Llc | 0.99% | 3.30M | $5.12M |
| 7 | Dimensional Fund Advisors LP | 0.71% | 2.36M | $3.66M |
| 8 | Morgan Stanley | 0.62% | 2.07M | $3.21M |
| 9 | Two Sigma Investments, LP | 0.60% | 2.01M | $3.11M |
| 10 | Vanguard Portfolio Management LLC | 0.59% | 1.98M | $3.07M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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