VinFast Auto Ltd.(VFS)Earnings, Financials & Key Ratios
VFS•NASDAQ
$4.21
$9.85B mkt cap·Price updated May 6, 2026
AboutVinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: namely Car, E-scooters and Ebus. It offers the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for cars, e-scooters, and Ebus. The company also offers electric SUV, mini car EV, mid-size pickup electric truck, 7-seater MPV, E-bus, E-scooter, electric bike, and battery technology and solutions. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. VinFast Auto Ltd. operates as a subsidiary of Vingroup Joint Stock Company.Show more
- Revenue$90427.61B+105.4%
- EBITDA-$60115.08B-32.1%
- Net Income-$97041.89B-25.6%
- EPS (Diluted)-41486.00-25.6%
- Gross Margin-42.53%+25.9%
- EBITDA Margin-66.48%+35.7%
- Operating Margin-79.19%+37.1%
- Net Margin-107.31%+38.9%
- ROIC-188.16%-138.5%
- Interest Coverage-3.21+9.3%
VFS Key Insights
VinFast Auto Ltd. (VFS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 82 (top 18%)
- ✓Strong 5Y sales CAGR of 45.9%
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VFS Price & Volume
VinFast Auto Ltd. (VFS) stock price & volume — 10-year historical chart
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VFS Growth Metrics
VinFast Auto Ltd. (VFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years45.87%
3 Years86.55%
TTM105.43%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-25.6%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-25.56%
Return on Capital
10 Years-1276.73%
5 Years-1528.44%
3 Years-2456.51%
Last Year-7091.74%
VFS Recent Earnings
VinFast Auto Ltd. (VFS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 2/12 qtrs (25%)
Q2 2026Latest
Mar 16, 2026EPS
$0.60
Est $0.33
-81.8%
Revenue
$1.6B
Est $1.3B
+19.8%
Q4 2025
Nov 21, 2025EPS
$0.41
Est $0.29
-42.6%
Revenue
$685M
Est $782M
-12.5%
Q4 2025
Sep 4, 2025EPS
$0.35
Est $0.26
-35.9%
Revenue
$635M
Est $667M
-4.7%
Q3 2025
Jun 9, 2025EPS
$0.30
Est $0.28
-9.1%
Revenue
$633M
Est $520M
+21.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.60vs $0.33-81.8% | $1.6Bvs $1.3B+19.8% |
| Q4 2025 | Nov 21, 2025 | $0.41vs $0.29-42.6% | $685Mvs $782M-12.5% |
| Q4 2025 | Sep 4, 2025 | $0.35vs $0.26-35.9% | $635Mvs $667M-4.7% |
| Q3 2025 | Jun 9, 2025 | $0.30vs $0.28-9.1% | $633Mvs $520M+21.7% |
Based on last 12 quarters of dataView full earnings history →
VFS Peer Comparison
VinFast Auto Ltd. (VFS) competitors in Electric-only passenger car makers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NIO | 12.36B | 5.91 | -3.65 | 18.18% | -35.01% | -270.66% | 2.50 | |
 LI | 35.58B | 17.72 | 16.02 | 16.71% | 3.59% | 6.21% | 0.23 | |
 XPEV | 5.55B | 15.93 | -17.74 | 33.22% | -7.1% | -13.77% | 0.51 | |
 TSLA | 1.5T | 398.53 | 369.01 | -2.93% | 3.96% | 4.75% | 0.10 | |
 RIVN | 17.92B | 14.49 | -4.72 | 8.39% | -63.62% | -69.6% | 1.45 | |
 LCID | 2.04B | 6.19 | -0.51 | 67.58% | -300.36% | -293.86% | 1.20 | |
 QS | 4.87B | 7.95 | -10.46 | -37.3% | 0.06 | |||
 BLNK | 98.22M | 0.86 | -0.44 | -11.16% | -118.72% | -131.92% | 0.09 |
Compare VFS vs Peers
VinFast Auto Ltd. (VFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VFS Income Statement
VinFast Auto Ltd. (VFS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 13.69T | 16.03T | 13.93T | 27.88T | 44.02T | 90.43T |
| Revenue Growth % | - | 17.08% | -13.1% | 100.2% | 57.87% | 105.43% |
| Cost of Goods Sold | 20.39T | 25.28T | 26.97T | 41.59T | 69.3T | 128.89T |
| COGS % of Revenue | 148.9% | 157.75% | 193.67% | 149.17% | 157.42% | 142.53% |
| Gross Profit | -6.7T▲ 0% | -9.26T▼ 38.2% | -13.05T▼ 41.0% | -13.71T▼ 5.1% | -25.28T▼ 84.4% | -38.46T▼ 52.2% |
| Gross Margin % | -48.9% | -57.75% | -93.67% | -49.17% | -57.42% | -42.53% |
| Gross Profit Growth % | - | -38.25% | -40.96% | -5.09% | -84.36% | -52.15% |
| Operating Expenses | 6.55T | 17.81T | 31.51T | 28.26T | 30.12T | 33.15T |
| OpEx % of Revenue | 47.85% | 111.13% | 226.24% | 101.35% | 68.43% | 36.66% |
| Selling, General & Admin | 2.55T | 4.63T | 9.33T | 11.27T | 16.89T | 21.3T |
| SG&A % of Revenue | 18.65% | 28.88% | 67.01% | 40.43% | 38.37% | 23.55% |
| Research & Development | 3.93T | 9.26T | 19.94T | 14.52T | 10.03T | 9.9T |
| R&D % of Revenue | 28.7% | 57.74% | 143.17% | 52.06% | 22.78% | 10.95% |
| Other Operating Expenses | 67.49B | 3.93T | 2.24T | 2.47T | 3.21T | 1.95T |
| Operating Income | -13.25T▲ 0% | -27.07T▼ 104.4% | -44.56T▼ 64.6% | -41.97T▲ 5.8% | -55.4T▼ 32.0% | -71.61T▼ 29.3% |
| Operating Margin % | -96.75% | -168.87% | -319.91% | -150.52% | -125.85% | -79.19% |
| Operating Income Growth % | - | -104.35% | -64.61% | 5.8% | -32% | -29.26% |
| EBITDA | -8.94T | -22.18T | -38.17T | -34.99T | -45.52T | -60.12T |
| EBITDA Margin % | -65.33% | -138.36% | -274.03% | -125.48% | -103.42% | -66.48% |
| EBITDA Growth % | - | -147.96% | -72.11% | 8.33% | -30.11% | -32.06% |
| D&A (Non-Cash Add-back) | 4.3T | 4.89T | 6.39T | 6.98T | 9.88T | 11.49T |
| EBIT | -15.16T | -23.06T | -43.75T | -41.36T | -54.1T | -74.56T |
| Net Interest Income | -4.31T | -3T | -6.37T | -11.89T | -15.04T | -22.01T |
| Interest Income | -603.47B | 440.28B | 158.64B | 187.64B | 621.35B | 306.29B |
| Interest Expense | 3.7T | 3.44T | 6.53T | 12.07T | 15.66T | 22.31T |
| Other Income/Expense | -5.62T | -4.94T | -7.34T | -18.2T | -21.99T | -25.26T |
| Pretax Income | -18.86T▲ 0% | -32.01T▼ 69.7% | -51.9T▼ 62.1% | -60.17T▼ 15.9% | -77.38T▼ 28.6% | -96.87T▼ 25.2% |
| Pretax Margin % | -137.78% | -199.71% | -372.61% | -215.8% | -175.8% | -107.13% |
| Income Tax | 87.77B | 209.24B | 1.06T | 76.92B | -29.7B | 372.57B |
| Effective Tax Rate % | -0.47% | -0.65% | -2.05% | -0.13% | 0.04% | -0.38% |
| Net Income | -18.95T▲ 0% | -32.18T▼ 69.8% | -52.89T▼ 64.3% | -60.17T▼ 13.8% | -77.27T▼ 28.4% | -97.04T▼ 25.6% |
| Net Margin % | -138.42% | -200.79% | -379.73% | -215.78% | -175.53% | -107.31% |
| Net Income Growth % | - | -69.84% | -64.33% | -13.77% | -28.42% | -25.6% |
| Net Income (Continuing) | -18.95T | -32.22T | -52.96T | -60.25T | -77.35T | -97.25T |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 29.97B | -14.68B | 77.44T | 77.37T | 69.81T | 81.52T |
| EPS (Diluted) | -8160.27▲ 0% | -13859.08▼ 69.8% | -21438.09▼ 54.7% | -24838.00▼ 15.9% | -33042.00▼ 33.0% | -41486.00▼ 25.6% |
| EPS Growth % | - | -69.84% | -54.69% | -15.86% | -33.03% | -25.56% |
| EPS (Basic) | -8160.27 | -13859.08 | -21438.09 | -24710.00 | -33042.00 | -41486.00 |
| Diluted Shares Outstanding | 2.32B | 2.32B | 2.32B | 2.31B | 2.34B | 2.34B |
| Basic Shares Outstanding | 2.32B | 2.32B | 2.32B | 2.31B | 2.34B | 2.34B |
| Dividend Payout Ratio | - | - | - | - | - | - |
VFS Balance Sheet
VinFast Auto Ltd. (VFS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 20.45T | 26.69T | 44.84T | 50.58T | 64.78T | 83.99T |
| Cash & Short-Term Investments | 828.75B | 3.03T | 4.28T | 4.1T | 4.13T | 10.95T |
| Cash Only | 827.74B | 3.02T | 4.27T | 4.1T | 3.31T | 10.92T |
| Short-Term Investments | 1.01B | 169M | 3.9B | 4.11B | 818.98B | 32.23B |
| Accounts Receivable | 405.99B | 599.99B | 671.07B | 566.72B | 19.41T | 13.16T |
| Days Sales Outstanding | 10.82 | 13.66 | 17.59 | 7.42 | 160.92 | 53.12 |
| Inventory | 5.35T | 6.68T | 21.61T | 30.14T | 27.91T | 45.79T |
| Days Inventory Outstanding | 95.83 | 96.49 | 292.37 | 264.5 | 146.99 | 129.66 |
| Other Current Assets | 13.52T | 9.32T | 8.98T | 10.68T | 3.8T | 14.09T |
| Total Non-Current Assets | 72.46T | 58.63T | 68.77T | 96.27T | 91.18T | 97.72T |
| Property, Plant & Equipment | 52.82T | 54.12T | 61.75T | 74.75T | 83.83T | 86.01T |
| Fixed Asset Turnover | 0.26x | 0.30x | 0.23x | 0.37x | 0.53x | 1.05x |
| Goodwill | 235.1B | 272.2B | 272.2B | 0 | 0 | 0 |
| Intangible Assets | 4.3T | 3.16T | 1.46T | 1.29T | 1.16T | 0 |
| Long-Term Investments | 11.65T | 182.3B | 696.33B | 2.2T | 2.08T | 10.32T |
| Other Non-Current Assets | 3.4T | 840.54B | 3.81T | 18.12T | 4.11T | 187.03B |
| Total Assets | 92.91T▲ 0% | 85.32T▼ 8.2% | 113.61T▲ 33.1% | 146.86T▲ 29.3% | 155.97T▲ 6.2% | 181.71T▲ 16.5% |
| Asset Turnover | 0.15x | 0.19x | 0.12x | 0.19x | 0.28x | 0.50x |
| Asset Growth % | - | -8.16% | 33.15% | 29.27% | 6.2% | 16.51% |
| Total Current Liabilities | 20.04T | 87.31T | 66.23T | 152.04T | 171.51T | 164.15T |
| Accounts Payable | 2.73T | 3.19T | 16.64T | 12.15T | 20.79T | 32.38T |
| Days Payables Outstanding | 48.95 | 46.03 | 225.12 | 106.59 | 109.51 | 91.69 |
| Short-Term Debt | 7.36T | 16.12T | 15.3T | 87.24T | 94.01T | 60.74T |
| Deferred Revenue (Current) | 564.27B | 1.33T | 1.68T | 1.34T | 3.69T | 98.62B |
| Other Current Liabilities | 2.41T | 61.29T | 8.26T | 21.2T | 28.06T | 70.93T |
| Current Ratio | 1.02x | 0.31x | 0.68x | 0.33x | 0.38x | 0.51x |
| Quick Ratio | 0.75x | 0.23x | 0.35x | 0.13x | 0.22x | 0.23x |
| Cash Conversion Cycle | 57.71 | 64.12 | 84.84 | 165.33 | 198.4 | 91.09 |
| Total Non-Current Liabilities | 66.69T | 74.96T | 84.05T | 60.23T | 79.36T | 107.6T |
| Long-Term Debt | 46.35T | 57.95T | 49.17T | 32.56T | 46.82T | 47.07T |
| Capital Lease Obligations | 363.41B | 1.3T | 3.26T | 5.33T | 4.08T | 2.06T |
| Deferred Tax Liabilities | 2.16T | 51.46B | 947.98B | 1.03T | 938.64B | 1.31T |
| Other Non-Current Liabilities | 17.8T | 15.63T | 30.17T | 19.75T | 24.81T | 53.38T |
| Total Liabilities | 86.73T | 162.26T | 150.28T | 212.27T | 250.87T | 271.76T |
| Total Debt | 54.29T | 75.75T | 68.5T | 126.65T | 146.4T | 109.86T |
| Net Debt | 53.46T | 72.73T | 64.23T | 122.55T | 143.09T | 98.94T |
| Debt / Equity | 8.78x | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | -3.58x | -7.86x | -6.83x | -3.48x | -3.54x | -3.21x |
| Total Equity | 6.18T▲ 0% | -76.94T▼ 1345.0% | -36.67T▲ 52.3% | -65.41T▼ 78.4% | -94.9T▼ 45.1% | -90.04T▲ 5.1% |
| Equity Growth % | - | -1344.98% | 52.34% | -78.38% | -45.09% | 5.12% |
| Book Value per Share | 2661.29 | -33132.70 | -15791.17 | -28306.67 | -40585.37 | -38493.35 |
| Total Shareholders' Equity | 6.15T | -76.93T | -114.11T | -142.78T | -164.71T | -171.56T |
| Common Stock | 0 | 553.89B | 871.02B | 9.85T | 9.87T | 9.87T |
| Retained Earnings | -44.36T | -77.42T | -127.19T | -184.55T | -267.79T | -364.76T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 11.8T | -63.49B | -104.06B | -385.87B | -460.64B | -572.45B |
| Minority Interest | 29.97B | -14.68B | 77.44T | 77.37T | 69.81T | 81.52T |
VFS Cash Flow Statement
VinFast Auto Ltd. (VFS) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -9.35T | -28.97T | -47.87T | -53.65T | -30.47T | -45.06T |
| Operating CF Margin % | -68.29% | -180.74% | -343.69% | -192.4% | -69.22% | -49.83% |
| Operating CF Growth % | - | -209.86% | -65.24% | -12.08% | 43.21% | -47.88% |
| Net Income | -18.95T | -32.22T | -52.96T | -60.25T | -77.27T | 0 |
| Depreciation & Amortization | 4.3T | 4.89T | 6.39T | 6.98T | 9.88T | 12.1T |
| Stock-Based Compensation | 0 | 0 | 0 | 150.1B | 81.69B | 0 |
| Deferred Taxes | 73.58B | 150.54B | 946.74B | -22.29B | -86.62B | 377.53B |
| Other Non-Cash Items | 4.66T | 8.77T | 28.69B | 16.71T | 33.97T | -55.26T |
| Working Capital Changes | 567.15B | -10.56T | -2.27T | -17.21T | 2.96T | -2.27T |
| Change in Receivables | -168.77B | -7.41T | 622.71B | 531.27B | -7.93T | -3.98T |
| Change in Inventory | 4.08T | -3.86T | -20.24T | -12.33T | -6.75T | -14.22T |
| Change in Payables | 168.77B | 7.41T | -622.71B | -9.76T | 19.54T | 18.55T |
| Cash from Investing | -1.84T | 2.42T | -21.12T | -23.02T | -16.03T | -27.33T |
| Capital Expenditures | -9.67T | -6.01T | -23.34T | -24.53T | -16.69T | 0 |
| CapEx % of Revenue | 70.65% | 37.48% | 167.56% | 87.96% | 37.91% | 25.89% |
| Acquisitions | -31.02B | 119.31B | 0 | -6.9B | -10.25B | 573.51B |
| Investments | - | - | - | - | - | - |
| Other Investing | 7.86T | 8.31T | 2.21T | 1.52T | 3.85T | -27.9T |
| Cash from Financing | 10.45T | 28.86T | 70.32T | 77.42T | 49T | 78.64T |
| Debt Issued (Net) | 591.71B | 19.37T | 63.4T | 50.59T | 27T | 14.41T |
| Equity Issued (Net) | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | -498.96B | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 9.86T | 0 | -41.65B | 1.42T | 0 | 27K |
| Net Change in Cash | -687.7B▲ 0% | 2.2T▲ 419.5% | 1.34T▼ 39.2% | 487.64B▼ 63.5% | 2.43T▲ 398.2% | 4.92T▲ 102.3% |
| Free Cash Flow | -19.02T▲ 0% | -34.98T▼ 83.9% | -71.21T▼ 103.6% | -78.6T▼ 10.4% | -47.16T▲ 40.0% | -68.47T▼ 45.2% |
| FCF Margin % | -138.94% | -218.22% | -511.25% | -281.89% | -107.13% | -75.72% |
| FCF Growth % | - | -83.88% | -103.58% | -10.39% | 40% | -45.19% |
| FCF per Share | -8191.06 | -15061.93 | -30662.75 | -34015.00 | -20166.69 | -29271.45 |
| FCF Conversion (FCF/Net Income) | 0.49x | 0.90x | 0.91x | 0.89x | 0.39x | 0.46x |
| Interest Paid | 3.68T | 2.87T | 5.01T | 8.82T | 0 | 0 |
| Taxes Paid | 2.42B | 51.41B | 22.62B | 99.79B | 0 | 0 |
VFS Key Ratios
VinFast Auto Ltd. (VFS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -306.63% | - | - | - | - | - |
| Return on Invested Capital (ROIC) | -16.66% | -73.25% | -286.36% | -74.33% | -78.9% | -188.16% |
| Gross Margin | -48.9% | -57.75% | -93.67% | -49.17% | -57.42% | -42.53% |
| Net Margin | -138.42% | -200.79% | -379.73% | -215.78% | -175.53% | -107.31% |
| Debt / Equity | 8.78x | - | - | - | - | - |
| Interest Coverage | -3.58x | -7.86x | -6.83x | -3.48x | -3.54x | -3.21x |
| FCF Conversion | 0.49x | 0.90x | 0.91x | 0.89x | 0.39x | 0.46x |
| Revenue Growth | - | 17.08% | -13.1% | 100.2% | 57.87% | 105.43% |
VFS Frequently Asked Questions
VinFast Auto Ltd. (VFS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
VinFast Auto Ltd. (VFS) reported $90.43T in revenue for fiscal year 2025. This represents a 561% increase from $13.69T in 2020.
VinFast Auto Ltd. (VFS) grew revenue by 105.4% over the past year. This is strong growth.
VinFast Auto Ltd. (VFS) reported a net loss of $97.04T for fiscal year 2025.
Dividend & Returns
VinFast Auto Ltd. (VFS) had negative free cash flow of $67.94T in fiscal year 2025, likely due to heavy capital investments.
Explore More VFS
VinFast Auto Ltd. (VFS) financial analysis — history, returns, DCA and operating performance tools
Full VFS Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates