Microvast Holdings annual gross margin
2019
2020
2021
2022
2023
2024
2025
Microvast Holdings Gross Margin Growth & History (MVST)
Microvast Holdings's gross margin was 28.56% for fiscal 2025.
View full Microvast Holdings company overviewMicrovast Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.56% | −2.91 pp |
| 2024 | 2024-12-31 | 31.48% | +12.81 pp |
| 2023 | 2023-12-31 | 18.66% | +14.23 pp |
| 2022 | 2022-12-31 | 4.44% | +32.56 pp |
| 2021 | 2021-12-31 | −28.12% | −44.07 pp |
| 2020 | 2020-12-31 | 15.94% | +16.24 pp |
| 2019 | 2019-12-31 | −0.30% | — |
Microvast Holdings quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 29.54% | −5.19 pp |
| Q1 2026 | 2026-03-31 | 31.60% | −5.32 pp |
| Q4 2025 | 2025-12-31 | 0.99% | −35.62 pp |
| Q3 2025 | 2025-09-30 | 37.65% | +4.49 pp |
| Q2 2025 | 2025-06-30 | 34.73% | +2.23 pp |
| Q1 2025 | 2025-03-31 | 36.93% | +15.75 pp |
| Q4 2024 | 2024-12-31 | 36.62% | +14.60 pp |
| Q3 2024 | 2024-09-30 | 33.15% | +10.83 pp |
| Q2 2024 | 2024-06-30 | 32.50% | +17.21 pp |
| Q1 2024 | 2024-03-31 | 21.17% | +10.83 pp |
| Q4 2023 | 2023-12-31 | 22.02% | +18.58 pp |
| Q3 2023 | 2023-09-30 | 22.32% | +17.16 pp |
| Q2 2023 | 2023-06-30 | 15.29% | +7.78 pp |
| Q1 2023 | 2023-03-31 | 10.34% | +10.31 pp |
| Q4 2022 | 2022-12-31 | 3.44% | +1.71 pp |
| Q3 2022 | 2022-09-30 | 5.16% | +102.43 pp |
| Q2 2022 | 2022-06-30 | 7.52% | +27.81 pp |
| Q1 2022 | 2022-03-31 | 0.04% | +8.32 pp |
| Q4 2021 | 2021-12-31 | 1.73% | −10.23 pp |
| Q3 2021 | 2021-09-30 | −97.27% | — |
| Q2 2021 | 2021-06-30 | −20.30% | — |
| Q1 2021 | 2021-03-31 | −8.28% | — |
| Q3 2020 | 2020-09-30 | 11.96% | — |
Microvast Holdings gross margin trends
Over the last five reported fiscal years, Microvast Holdings's gross margin increased from 15.94% to 28.56%, a change of +12.62 percentage points. The latest reported quarter, Q2 2026, shows 29.54%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Microvast Holdings filings at SEC.gov ↗