Invesaro

Stocks Comparison

Microvast vs Spectrum Brands: revenue, profit, margins and growth compared

Microvast brought in $427.5M of revenue in fiscal 2025, Spectrum Brands $2.8B in fiscal 2025. Revenue changed by +12.6% at Microvast and -5.2% at Spectrum Brands on the year before, so Microvast grew faster. Microvast kept -6.8% of its revenue as net profit, Spectrum Brands 3.6%. Free cash flow was $56.1M at Microvast and $165.3M at Spectrum Brands.

Side by side, latest fiscal year

MVSTSPB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$427.5M$2.8B
Revenue growth+12.6%-5.2%
Net income-$29.2M$99.9M
Net margin-6.8%3.6%
Free cash flow$56.1M$165.3M
Free cash flow margin13.1%5.9%
Earnings per share (diluted)-$0.09$3.86
Cash$105M$123.6M
Debt$13.2M$496.1M
Price to earningsn/a22.0
Market value$264.6M$2B
Dividend yieldn/a2.21%
Rank by revenue in sector#16 of 34 · Other#8 of 34 · Other

Over the years

Revenue
MVST FY2019: $76.4MMVST FY2020: $107.5MMVST FY2021: $152MMVST FY2022: $204.5MMVST FY2023: $306.6MMVST FY2024: $379.8MMVST FY2025: $427.5MSPB FY2018: $3.8BSPB FY2019: $3.8BSPB FY2020: $2.6BSPB FY2021: $3BSPB FY2022: $3.1BSPB FY2023: $2.9BSPB FY2024: $3BSPB FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
MVST $427.5MSPB $2.8B
Net income
MVST FY2019: $3.4MMVST FY2020: -$2.4MMVST FY2021: -$206.5MMVST FY2022: -$158.2MMVST FY2023: -$106.3MMVST FY2024: -$195.5MMVST FY2025: -$29.2MSPB FY2018: $768.3MSPB FY2019: $494.5MSPB FY2020: $97.8MSPB FY2021: $189.6MSPB FY2022: $71.6MSPB FY2023: $1.8BSPB FY2024: $124.8MSPB FY2025: $99.9MFY18FY19FY20FY21FY22FY23FY24FY25
MVST -$29.2MSPB $99.9M
Net margin
MVST FY2019: 4.4%MVST FY2020: -2.3%MVST FY2021: -135.9%MVST FY2022: -77.4%MVST FY2023: -34.7%MVST FY2024: -51.5%MVST FY2025: -6.8%SPB FY2018: 20.2%SPB FY2019: 13.0%SPB FY2020: 3.7%SPB FY2021: 6.3%SPB FY2022: 2.3%SPB FY2023: 61.7%SPB FY2024: 4.2%SPB FY2025: 3.6%FY18FY19FY20FY21FY22FY23FY24FY25
MVST -6.8%SPB 3.6%
Revenue growth
MVST FY2020: +40.7%MVST FY2021: +41.3%MVST FY2022: +34.6%MVST FY2023: +49.9%MVST FY2024: +23.9%MVST FY2025: +12.6%SPB FY2019: -0.2%SPB FY2020: -31.0%SPB FY2021: +14.3%SPB FY2022: +4.5%SPB FY2023: -6.8%SPB FY2024: +1.5%SPB FY2025: -5.2%FY19FY20FY21FY22FY23FY24FY25
MVST +12.6%SPB -5.2%
Free cash flow
MVST FY2019: -$6.9MMVST FY2020: -$3.1MMVST FY2021: -$132.9MMVST FY2022: -$204.8MMVST FY2023: -$262.1MMVST FY2024: -$24.9MMVST FY2025: $56.1MSPB FY2018: $267.4MSPB FY2019: -$39.3MSPB FY2020: $246.2MSPB FY2021: $244.8MSPB FY2022: -$117.8MSPB FY2023: -$468.7MSPB FY2024: $118.6MSPB FY2025: $165.3MFY18FY19FY20FY21FY22FY23FY24FY25
MVST $56.1MSPB $165.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Microvast and Spectrum Brands

Which is bigger by revenue, Microvast or Spectrum Brands?

Spectrum Brands is bigger by revenue: $2.8B in fiscal 2025, against $427.5M for Microvast in fiscal 2025.

Which keeps more of its revenue as profit, Microvast or Spectrum Brands?

Microvast had a net margin of -6.8% in fiscal 2025; Spectrum Brands had 3.6% in fiscal 2025.

Which grew revenue faster, Microvast or Spectrum Brands?

In their latest fiscal years revenue changed by +12.6% at Microvast and -5.2% at Spectrum Brands.

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.

More comparisons

Compare more companies