Microvast Holdings annual operating margin
2019
2020
2021
2022
2023
2024
2025
Microvast Holdings Operating Margin Growth & History (MVST)
Microvast Holdings's operating margin was 1.63% for fiscal 2025.
View full Microvast Holdings company overviewMicrovast Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 1.63% | +32.20 pp |
| 2024 | 2024-12-31 | −30.57% | +4.24 pp |
| 2023 | 2023-12-31 | −34.81% | +43.41 pp |
| 2022 | 2022-12-31 | −78.22% | +49.48 pp |
| 2021 | 2021-12-31 | −127.69% | −100.62 pp |
| 2020 | 2020-12-31 | −27.07% | +43.40 pp |
| 2019 | 2019-12-31 | −70.47% | — |
Microvast Holdings quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −1.97% | −11.85 pp |
| Q1 2026 | 2026-03-31 | −13.09% | −26.19 pp |
| Q4 2025 | 2025-12-31 | −31.43% | −30.19 pp |
| Q3 2025 | 2025-09-30 | 10.54% | +3.45 pp |
| Q2 2025 | 2025-06-30 | 9.88% | +127.89 pp |
| Q1 2025 | 2025-03-31 | 13.10% | +41.52 pp |
| Q4 2024 | 2024-12-31 | −1.25% | +19.99 pp |
| Q3 2024 | 2024-09-30 | 7.09% | +39.97 pp |
| Q2 2024 | 2024-06-30 | −118.01% | −82.16 pp |
| Q1 2024 | 2024-03-31 | −28.42% | +38.21 pp |
| Q4 2023 | 2023-12-31 | −21.24% | +32.19 pp |
| Q3 2023 | 2023-09-30 | −32.89% | +63.16 pp |
| Q2 2023 | 2023-06-30 | −35.84% | +33.97 pp |
| Q1 2023 | 2023-03-31 | −66.63% | +51.34 pp |
| Q4 2022 | 2022-12-31 | −53.44% | +17.84 pp |
| Q3 2022 | 2022-09-30 | −96.05% | +211.04 pp |
| Q2 2022 | 2022-06-30 | −69.82% | −2.87 pp |
| Q1 2022 | 2022-03-31 | −117.97% | −45.44 pp |
| Q4 2021 | 2021-12-31 | −71.28% | −41.70 pp |
| Q3 2021 | 2021-09-30 | −307.09% | — |
| Q2 2021 | 2021-06-30 | −66.94% | — |
| Q1 2021 | 2021-03-31 | −72.53% | — |
| Q3 2020 | 2020-09-30 | −29.58% | — |
Microvast Holdings operating margin trends
Over the last five reported fiscal years, Microvast Holdings's operating margin increased from −27.07% to 1.63%, a change of +28.71 percentage points. The latest reported quarter, Q2 2026, shows −1.97%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗