Saturday 17 October 2026
Export MVST’s income statement to Excel — free account
Microvast Holdings, Inc.
MVST Consumer Cyclical Auto Parts
Microvast Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $427.5 million, up 12.6% from fiscal 2024. In the quarter to June 2026, revenue fell 4.46%, EPS grew 90.9%, free cash flow fell 132.0% and total debt fell 65.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
0.52
0.05
−8.77%
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| Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | — | 3 | 4 | 4 | 5 | 5 |
P/E ratio |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/S ratio |
— | — | 0.00 | 0.00 | 6.92 | 2.24 | 1.43 | 1.74 | 2.13 |
Altman Z-Score |
— | — | 1.80 | (0.04) | 1.31 | (0.35) | (0.67) | (0.79) | (0.24) |
Altman Z″-Score (non-manufacturers) |
— | — | (1.23) | (4.11) | 2.46 | (0.03) | (2.08) | (3.17) | (3.13) |
P/FCF ratio |
— | — | 73.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.19 |
Beneish M-Score |
— | — | — | — | — | (5.77) | (2.99) | (3.78) | (2.61) |
P/Operating CF |
— | — | 68.08 | 173.56 | (51.61) | 98.13 | (88.51) | 108.05 | 55.36 |
P/B ratio |
— | — | 197.26 | 0.00 | 1.53 | 0.75 | 0.78 | 1.70 | 2.21 |
Price to Tangible BV |
— | — | 197.26 | 0.00 | 1.54 | 0.75 | 0.78 | 1.71 | 2.23 |
EV/Sales |
— | — | 0.00 | 0.00 | 3.96 | 1.08 | 1.54 | 2.13 | 2.41 |
EV/EBITDA |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.65 |
EV/Operating CF |
— | — | 73.76 | 111.69 | (13.38) | (4.10) | (6.28) | 287.54 | 13.55 |
EV/FCF |
— | — | 73.76 | (74.53) | (4.53) | (1.08) | (1.82) | (54.30) | 17.19 |
Quick Ratio |
— | 0.23 | 0.52 | 0.64 | 3.56 | 1.77 | 0.56 | 0.70 | 0.67 |
Current Ratio |
— | 0.23 | 1.47 | 1.03 | 4.02 | 2.16 | 1.06 | 1.30 | 0.92 |
Net Debt/EBITDA |
— | 0.00 | 0.00 | (3.58) | 2.59 | 1.70 | (0.41) | (1.76) | 2.98 |
Debt/Assets |
0.00% | 74.41% | 0.00% | 21.09% | 8.69% | 9.17% | 11.15% | 27.26% | 28.73% |
Debt/Equity |
— | 2.96 | 0.00 | (0.22) | 0.13 | 0.15 | 0.22 | 0.67 | 0.70 |
Asset Turnover |
— | 0.00 | 0.54 | 0.31 | 0.22 | 0.21 | 0.29 | 0.37 | 0.44 |
Operating CF/Net income |
— | 0.00 | (0.12) | (0.19) | 0.19 | 0.34 | 0.71 | (0.01) | (2.60) |
Capex/Depreciation |
— | 0.00 | (1.32) | (1.11) | (4.24) | (7.41) | (8.07) | (0.57) | (0.48) |
Interest Coverage |
— | — | (8.48) | (5.07) | (35.86) | (48.13) | (40.61) | (11.95) | 1.42 |
| — | (0.03%) | (4,595.81%) | 42.66% | (154.99%) | (24.34%) | (18.07%) | (41.06%) | (7.32%) | |
| — | (1.58%) | (82.31%) | (23.64%) | (33.45%) | (15.98%) | (10.22%) | (19.08%) | (2.99%) | |
ROIC |
— | 0.00% | (692.70%) | 0.00% | (51.17%) | (26.58%) | (11.14%) | (13.49%) | 0.82% |
Return on Tangible Assets |
— | 1.37% | (90,714.06%) | (39.74%) | (29.86%) | (25.20%) | (16.54%) | (33.93%) | (6.24%) |
Average Days of Receivables |
— | — | 0.00 | 259.02 | 213.07 | 212.94 | 165.13 | 115.93 | 132.99 |
Research and Development Expense of Revenue |
— | 0.00% | 34.01% | 15.47% | 22.63% | 21.28% | 14.68% | 10.81% | 7.98% |
Selling, General and Administrative Expense of Revenue |
— | — | 40.40% | 30.33% | 80.98% | 61.31% | 39.27% | 27.40% | 18.72% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
— | — | 0.00% | 0.00% | 54.54% | 44.41% | 21.19% | 8.12% | 0.72% |
Graham Net Nets |
— | — | (0.28) | (0.35) | 0.38 | 0.38 | (0.24) | (0.21) | (0.16) |
Graham Number |
— | — | 0.00 | 5.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
— | — | (6.05%) | (1.99%) | (19.84%) | (35.10%) | (24.11%) | (26.57%) | (3.38%) |
Free Cash Flow Yield |
— | — | 1.36% | (1.38%) | (12.63%) | (44.72%) | (59.41%) | (2.26%) | 6.58% |
Revenue per Share |
— | 0.00 | 0.77 | 1.09 | 0.82 | 0.67 | 0.99 | 1.19 | 1.32 |
Operating CF per Share |
— | 0.00 | 0.14 | 0.16 | (0.24) | (0.18) | (0.24) | 0.01 | 0.23 |
Capex per Share |
— | 0.00 | (0.20) | (0.19) | (0.47) | (0.50) | (0.60) | (0.06) | (0.05) |
Free Cash Flow per Share |
— | 0.00 | (0.07) | (0.03) | (0.71) | (0.68) | (0.84) | (0.05) | 0.18 |
Cash per Share |
— | 0.00 | 0.00 | 0.42 | 2.88 | 1.08 | 0.28 | 0.34 | 0.52 |
Shareholders Equity per Share |
— | 0.00 | 0.05 | (3.88) | 3.69 | 2.02 | 1.81 | 1.22 | 1.26 |
Interest Debt per Share |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
— | 0.00 | 0.05 | (3.88) | 3.69 | 2.02 | 1.81 | 1.22 | 1.26 |
Free Cash Flow |
— | 0.00 | (6.86) | (3.08) | (132.90) | (204.80) | (260.44) | (14.90) | 59.86 |
Working Capital |
— | (0.06) | 0.13 | 5.70 | 531.01 | 292.66 | 22.20 | 97.87 | (39.62) |
Capital Expenditures |
— | 0.00 | (20.24) | (18.63) | (87.86) | (150.87) | (185.14) | (17.72) | (16.04) |
Net Current Asset Value |
— | (0.06) | (275.10) | (599.79) | 398.01 | 173.09 | (106.94) | (135.95) | (146.21) |
EV/EBIT |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 147.33 |
Capex to Sales |
— | 0.00 | 0.26 | 0.17 | 0.58 | 0.74 | 0.60 | 0.05 | 0.04 |
Price to Operating Income |
— | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 130.19 |
| Other line items | |||||||||
Depreciation/Fixed assets |
— | 0.00 | 0.00 | 0.08 | 0.08 | 0.06 | 0.04 | 0.06 | 0.07 |
Cash ROIC |
— | 0.00% | (133.55%) | 1.19% | (10.15%) | (19.87%) | (33.64%) | (1.97%) | 6.89% |
Accounts Receivable Turnover |
— | — | 0.00 | 1.30 | 1.84 | 1.97 | 2.38 | 2.93 | 3.09 |
Accounts Payable Turnover |
— | 0.00 | 568.73 | 4.28 | 4.73 | 4.58 | 3.16 | 2.93 | 5.46 |
Inventory Turnover |
— | — | 0.00 | 1.84 | 3.96 | 2.84 | 2.13 | 1.78 | 2.62 |
Average Days of Payables |
— | 0.00 | 1.28 | 169.65 | 75.74 | 84.02 | 164.82 | 91.08 | 56.17 |
Days of Inventory on Hand |
— | — | 0.00 | 181.61 | 100.14 | 157.36 | 219.17 | 201.02 | 106.86 |
Average Receivables |
— | — | — | 82.51 | 82.51 | 104.01 | 129.01 | 129.67 | 138.19 |
Average Payables |
— | 0.13 | 0.13 | 21.14 | 41.21 | 42.70 | 78.80 | 88.78 | 55.97 |
Average Inventory |
— | — | — | 49.20 | 49.20 | 68.84 | 117.00 | 146.54 | 116.37 |
Average Assets |
— | 0.05 | 140.30 | 342.50 | 699.90 | 990.12 | 1,040.84 | 1,024.30 | 978.66 |
Average Common Equity |
— | 2.51 | 2.51 | (189.80) | 151.05 | 649.84 | 588.58 | 476.04 | 399.20 |
Columns are period end dates