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Side-by-side financial comparison of EnerSys (ENS) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $718.6M, roughly 1.3× VinFast Auto Ltd.). EnerSys runs the higher net margin — 9.8% vs -2.8%, a 12.6% gap on every dollar of revenue.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs VFS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $718.6M |
| Net Profit | $90.4M | $-20.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | -96.1% |
| Net Margin | 9.8% | -2.8% |
| Revenue YoY | 1.4% | — |
| Net Profit YoY | -21.3% | — |
| EPS (diluted) | $2.40 | — |
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.
| Q4 25 | $919.1M | — | ||
| Q3 25 | $951.3M | $718.6M | ||
| Q2 25 | $893.0M | $663.0M | ||
| Q1 25 | $974.8M | $656.5M | ||
| Q4 24 | $906.2M | — | ||
| Q3 24 | $883.7M | $511.6M | ||
| Q2 24 | $852.9M | — | ||
| Q1 24 | $910.7M | $302.6M |
| Q4 25 | $90.4M | — | ||
| Q3 25 | $68.4M | $-20.0M | ||
| Q2 25 | $57.5M | $-51.8M | ||
| Q1 25 | $96.5M | $-26.1M | ||
| Q4 24 | $114.8M | — | ||
| Q3 24 | $82.3M | $-10.4M | ||
| Q2 24 | $70.1M | — | ||
| Q1 24 | $60.9M | $-618.3M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 9.7% | -96.1% | ||
| Q2 25 | 9.7% | -79.0% | ||
| Q1 25 | 13.5% | -74.0% | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 11.2% | -65.9% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 8.9% | -139.4% |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 7.2% | -2.8% | ||
| Q2 25 | 6.4% | -7.8% | ||
| Q1 25 | 9.9% | -4.0% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 9.3% | -2.0% | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 6.7% | -204.3% |
| Q4 25 | $2.40 | — | ||
| Q3 25 | $1.80 | — | ||
| Q2 25 | $1.46 | — | ||
| Q1 25 | $2.39 | — | ||
| Q4 24 | $2.88 | — | ||
| Q3 24 | $2.01 | — | ||
| Q2 24 | $1.71 | — | ||
| Q1 24 | $1.48 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $450.1M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | — |
| Total Assets | $4.0B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | — | ||
| Q3 25 | $388.6M | $8.8M | ||
| Q2 25 | $346.7M | $650.0M | ||
| Q1 25 | $343.1M | $2.4M | ||
| Q4 24 | $463.2M | — | ||
| Q3 24 | $407.9M | $1.9M | ||
| Q2 24 | $344.1M | — | ||
| Q1 24 | $333.3M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $802.0M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | $-7.2B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.1B | $183.2M | ||
| Q2 25 | $4.1B | $7.2B | ||
| Q1 25 | $4.0B | $158.2M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.0B | $151.8M | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | $145.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.46× | — |
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 | $184.6M | — |
| Free Cash FlowOCF − Capex | $171.3M | — |
| FCF MarginFCF / Revenue | 18.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | 2.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | — | ||
| Q3 25 | $218.0M | — | ||
| Q2 25 | $968.0K | — | ||
| Q1 25 | $135.2M | — | ||
| Q4 24 | $81.1M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $197.1M | — | ||
| Q2 25 | $-32.1M | — | ||
| Q1 25 | $104.9M | — | ||
| Q4 24 | $56.8M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $-25.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | -3.6% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.04× | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
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% |
