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Side-by-side financial comparison of F5, Inc. (FFIV) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $718.6M, roughly 1.1× VinFast Auto Ltd.). F5, Inc. runs the higher net margin — 18.2% vs -2.8%, a 21.0% gap on every dollar of revenue.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs VFS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $718.6M |
| Net Profit | $148.0M | $-20.0M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | -96.1% |
| Net Margin | 18.2% | -2.8% |
| Revenue YoY | 11.0% | — |
| Net Profit YoY | 1.5% | — |
| EPS (diluted) | $2.58 | — |
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.
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | — | ||
| Q3 25 | $810.1M | $718.6M | ||
| Q2 25 | $780.4M | $663.0M | ||
| Q1 25 | $731.1M | $656.5M | ||
| Q4 24 | $766.5M | — | ||
| Q3 24 | $746.7M | $511.6M | ||
| Q2 24 | $695.5M | — |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | — | ||
| Q3 25 | $190.5M | $-20.0M | ||
| Q2 25 | $189.9M | $-51.8M | ||
| Q1 25 | $145.5M | $-26.1M | ||
| Q4 24 | $166.4M | — | ||
| Q3 24 | $165.3M | $-10.4M | ||
| Q2 24 | $144.1M | — |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 81.7% | — | ||
| Q3 24 | 80.8% | — | ||
| Q2 24 | 80.4% | — |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | — | ||
| Q3 25 | 25.4% | -96.1% | ||
| Q2 25 | 25.2% | -79.0% | ||
| Q1 25 | 21.7% | -74.0% | ||
| Q4 24 | 26.8% | — | ||
| Q3 24 | 25.6% | -65.9% | ||
| Q2 24 | 23.4% | — |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.5% | -2.8% | ||
| Q2 25 | 24.3% | -7.8% | ||
| Q1 25 | 19.9% | -4.0% | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 22.1% | -2.0% | ||
| Q2 24 | 20.7% | — |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | — | ||
| Q3 25 | $3.25 | — | ||
| Q2 25 | $3.25 | — | ||
| Q1 25 | $2.48 | — | ||
| Q4 24 | $2.82 | — | ||
| Q3 24 | $2.79 | — | ||
| Q2 24 | $2.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | — |
| Total Assets | $6.5B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $8.8M | ||
| Q2 25 | $1.4B | $650.0M | ||
| Q1 25 | $1.3B | $2.4M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $1.9M | ||
| Q2 24 | $935.6M | — |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.5B | $-7.2B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | $183.2M | ||
| Q2 25 | $6.1B | $7.2B | ||
| Q1 25 | $5.9B | $158.2M | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.6B | $151.8M | ||
| Q2 24 | $5.4B | — |
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 | $525.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | — | ||
| Q3 25 | $208.1M | — | ||
| Q2 25 | $282.2M | — | ||
| Q1 25 | $256.6M | — | ||
| Q4 24 | $202.8M | — | ||
| Q3 24 | $246.5M | — | ||
| Q2 24 | $159.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | — | ||
| Q3 25 | $191.9M | — | ||
| Q2 25 | $273.7M | — | ||
| Q1 25 | $246.1M | — | ||
| Q4 24 | $194.7M | — | ||
| Q3 24 | $240.4M | — | ||
| Q2 24 | $153.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 22.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | — |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
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% |
