Microvast Holdings, Inc. Gross Margin History
MVST / Industrials|6 years of SEC 10-K data (FY2019-FY2024)
31.5% in FY2024 with a 5-year CAGR of +31.8%.
Improved from 4.4% to 31.5% over the past 2 years.
At 31.5%, Microvast Holdings, Inc.'s gross margin ranks #93 of 186 in the Industrials sector. Gross Margin has increased for 3 consecutive years, from -28.1% in FY2021 to 31.5% in FY2024.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.38 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +59.6pp
- 5-Year Change
- +31.8pp
- 10-Year Change
- -
Gross Margin Trend
In line with sector averageTop 50% of 186This company 31.5% Sector average 31.4%
▼
In line with sector average
Key Insights
- Microvast Holdings, Inc.'s gross margin has grown for 3 consecutive years.
- In FY2024, gross margin increased 68.7% year-over-year.
- Currently 0.1pp above the Industrials sector average.
- Lowest gross margin in the period was in FY2021.
Annual Data
| Year | Gross Margin | YoY Growth |
|---|---|---|
| FY2024 | 31.5% | +68.7% |
| FY2023 | 18.7% | +320.7% |
| FY2022 | 4.4% | +115.8% |
| FY2021 | -28.1% | -276.4% |
| FY2020 | 15.9% | +5375.1% |
| FY2019 | -0.3% | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026