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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $718.6M, roughly 1.1× VinFast Auto Ltd.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -2.8%, a 20.4% gap on every dollar of revenue.
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
ATAT vs VFS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $718.6M |
| Net Profit | $139.1M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | -96.1% |
| Net Margin | 17.6% | -2.8% |
| Revenue YoY | 252.5% | — |
| Net Profit YoY | 322.2% | — |
| EPS (diluted) | $0.33 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $789.6M | $718.6M | ||
| Q2 25 | — | $663.0M | ||
| Q1 25 | — | $656.5M | ||
| Q3 24 | $224.0M | $511.6M | ||
| Q1 24 | $203.4M | $302.6M | ||
| Q1 23 | $106.8M | — |
| Q3 25 | $139.1M | $-20.0M | ||
| Q2 25 | — | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q3 24 | $33.0M | $-10.4M | ||
| Q1 24 | $35.6M | $-618.3M | ||
| Q1 23 | $2.5M | — |
| Q3 25 | 22.5% | -96.1% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | — | -74.0% | ||
| Q3 24 | 14.7% | -65.9% | ||
| Q1 24 | 22.1% | -139.4% | ||
| Q1 23 | 8.0% | — |
| Q3 25 | 17.6% | -2.8% | ||
| Q2 25 | — | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q3 24 | 14.7% | -2.0% | ||
| Q1 24 | 17.5% | -204.3% | ||
| Q1 23 | 2.3% | — |
| Q3 25 | $0.33 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $0.08 | — | ||
| Q1 24 | $0.09 | — | ||
| Q1 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $669.2M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.0M | — |
| Total Assets | $1.1B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $669.2M | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q3 24 | $506.0M | $1.9M | ||
| Q1 24 | $520.7M | $3.0M | ||
| Q1 23 | $272.5M | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | $277.0K | — | ||
| Q1 23 | — | — |
| Q3 25 | $405.0M | — | ||
| Q2 25 | — | $-7.2B | ||
| Q1 25 | — | — | ||
| Q3 24 | $291.3M | — | ||
| Q1 24 | $323.5M | — | ||
| Q1 23 | $185.5M | — |
| Q3 25 | $1.1B | $183.2M | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $158.2M | ||
| Q3 24 | $927.8M | $151.8M | ||
| Q1 24 | $936.3M | $145.6M | ||
| Q1 23 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | 0.00× | — | ||
| Q1 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $216.6M | — |
| Free Cash FlowOCF − Capex | $210.7M | — |
| FCF MarginFCF / Revenue | 26.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $216.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $84.8M | — | ||
| Q1 24 | $19.8M | — | ||
| Q1 23 | $49.9M | — |
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q1 24 | $18.1M | — | ||
| Q1 23 | $47.5M | — |
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q1 24 | 8.9% | — | ||
| Q1 23 | 44.5% | — |
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q1 24 | 0.9% | — | ||
| Q1 23 | 2.3% | — |
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 2.57× | — | ||
| Q1 24 | 0.56× | — | ||
| Q1 23 | 20.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
