Microvast vs Novanta: revenue, profit, margins and growth compared
Microvast brought in $427.5M of revenue in fiscal 2025, Novanta $980.6M in fiscal 2025. Revenue changed by +12.6% at Microvast and +3.3% at Novanta on the year before, so Microvast grew faster. Microvast kept -6.8% of its revenue as net profit, Novanta 5.5%. Free cash flow was $56.1M at Microvast and $48.4M at Novanta.
Fiscal years as each company reports them; the two may end in different months.
Questions about Microvast and Novanta
Which is bigger by revenue, Microvast or Novanta?
Novanta is bigger by revenue: $980.6M in fiscal 2025, against $427.5M for Microvast in fiscal 2025.
Which keeps more of its revenue as profit, Microvast or Novanta?
Microvast had a net margin of -6.8% in fiscal 2025; Novanta had 5.5% in fiscal 2025.
Which grew revenue faster, Microvast or Novanta?
In their latest fiscal years revenue changed by +12.6% at Microvast and +3.3% at Novanta.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.