Company / Gross Margin
Microvast Holdings, Inc. Gross Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
28.6%
FY2025
5-year range
-28.1% / 31.5%
FY2021-FY2025
Trend
-9.3%
vs FY2024
Sector context
#107 of 186
Industrials
What the data says
At 28.6%, Microvast Holdings, Inc.'s gross margin ranks #107 of 186 in the Industrials sector. Gross Margin has fluctuated over the past 7 years, ranging from -28.1% in FY2021 to 31.5% in FY2024.
Based on SEC 10-K filings.
28.6% in FY2025 with a 5-year CAGR of +12.6%.
Improved from 18.7% to 28.6% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +12.6pp
- 5-Year Change
- +12.6pp
- 10-Year Change
- -
Sector benchmark
In line with sector averageTop 58% of 186This company 28.6% Sector average 28.8%
▼
In line with sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 9.3% year-over-year.
- Currently 0.2pp below the Industrials sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score -0.24 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 28.6% | -9.3% |
| FY2024 | 31.5% | +68.7% |
| FY2023 | 18.7% | +17.1% |
| FY2022 | 15.9% | +156.7% |
| FY2021 | -28.1% | -276.4% |
| FY2020 | 15.9% | +5375.1% |
| FY2019 | -0.3% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026