Microvast Holdings, Inc. Gross Profit History
MVST / Industrials|6 years of SEC 10-K data (FY2019-FY2024)
$120M in FY2024.
Improved from $9M to $120M over the past 2 years.
Among 202 Industrials companies, Microvast Holdings, Inc. is in the bottom 8% for gross profit. Gross Profit has increased for 3 consecutive years, from -$43M in FY2021 to $120M 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 CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Gross Profit Trend
Bottom 8% in IndustrialsTop 92% of 202This company $119.6M Sector average $1.3B
▼
-91.1% below sector average
Key Insights
- Microvast Holdings, Inc.'s gross profit has grown for 3 consecutive years.
- In FY2024, gross profit increased 108.9% year-over-year.
- Ranks #185 out of 202 companies in the Industrials sector.
- Lowest gross profit in the period was in FY2021.
Annual Data
| Year | Gross Profit | YoY Growth |
|---|---|---|
| FY2024 | $119.6M | +108.9% |
| FY2023 | $57.2M | +530.7% |
| FY2022 | $9.1M | +121.2% |
| FY2021 | -$42.7M | -349.4% |
| FY2020 | $17.1M | +7519.9% |
| FY2019 | -$231.0K | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026