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Friday 6 November 2026 Export VFS’s income statement to Excel — free account

VinFast Auto Ltd.

VFS Consumer Cyclical Auto Manufacturers

VinFast Auto Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 98.5% from fiscal 2024.

Revenue
+81.6%
EPS
+94.3%
Free cash flow
−39.5%
Total debt
−52.4%

Quarter to June 2026, against a year earlier

3.23 0.09 −2.71%
Market cap
$7.5B
P/E
0.0×
Fwd P/E
−1.9×
Dividend yield
—
F-score
4/9
Altman Z
−3.75
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

VinFast Auto Ltd. (VFS) Gross margin

Alert me on Gross margin

VinFast Auto Ltd.'s gross margin over the twelve months to 30 June 2026 was −58.2%, down 12.8 percentage points from fiscal 2025 (−45.4%). That is below the Auto Manufacturers industry median of 13.7% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 −45.4% 12.05
FY2024 −57.4% (11.35)
FY2023 −46.1% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 −62.8% 10.79
Mar 2026 −73.6% (27.08)
Dec 2025 −46.5% 9.67
Sep 2025 −56.2% (15.08)
8 more quarters

Gross margin against peers

Company Gross margin
HMC Honda Motor Co., Ltd. compare 21.4%
XPEV XPeng Inc. Sponsored ADR compare 20.7%
NIO NIO Inc. compare 17.4%
STLA Stellantis N.V. compare 15.5%
LI Li Auto Inc. Sponsored ADR compare 13.7%
RIVN Rivian Automotive, Inc. compare 9.17%
F Ford Motor Company compare 8.38%
VFS VinFast Auto Ltd. −58.2%
LCID Lucid Group, Inc. compare −96.6%
Auto Manufacturers industry median 13.7%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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