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Side-by-side financial comparison of FinVolution Group (FINV) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $479.7M, roughly 1.5× FinVolution Group). FinVolution Group runs the higher net margin — 21.2% vs -2.8%, a 24.0% gap on every dollar of revenue.
Volution Group plc is a manufacturer of ventilation equipment for commercial and residential customers. Based in Crawley, West Sussex, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
FINV vs VFS — Head-to-Head
Income Statement — Q1 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.7M | $718.6M |
| Net Profit | $101.7M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 44.6% | -96.1% |
| Net Margin | 21.2% | -2.8% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | — | $718.6M | ||
| Q2 25 | — | $663.0M | ||
| Q1 25 | $479.7M | $656.5M | ||
| Q3 24 | — | $511.6M | ||
| Q1 24 | — | $302.6M |
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-51.8M | ||
| Q1 25 | $101.7M | $-26.1M | ||
| Q3 24 | — | $-10.4M | ||
| Q1 24 | — | $-618.3M |
| Q3 25 | — | -96.1% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | 44.6% | -74.0% | ||
| Q3 24 | — | -65.9% | ||
| Q1 24 | — | -139.4% |
| Q3 25 | — | -2.8% | ||
| Q2 25 | — | -7.8% | ||
| Q1 25 | 21.2% | -4.0% | ||
| Q3 24 | — | -2.0% | ||
| Q1 24 | — | -204.3% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $745.0M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $3.4B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | $745.0M | $2.4M | ||
| Q3 24 | — | $1.9M | ||
| Q1 24 | — | $3.0M |
| Q3 25 | — | — | ||
| Q2 25 | — | $-7.2B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | $183.2M | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | $3.4B | $158.2M | ||
| Q3 24 | — | $151.8M | ||
| Q1 24 | — | $145.6M |
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 | $72.0M | — |
| Free Cash FlowOCF − Capex | $70.6M | — |
| FCF MarginFCF / Revenue | 14.7% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 0.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $72.0M | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $70.6M | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 14.7% | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.71× | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINV
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% |
