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