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Side-by-side financial comparison of Fabrinet (FN) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $718.6M, roughly 1.6× VinFast Auto Ltd.). Fabrinet runs the higher net margin — 9.9% vs -2.8%, a 12.7% gap on every dollar of revenue.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs VFS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $718.6M |
| Net Profit | $112.6M | $-20.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | -96.1% |
| Net Margin | 9.9% | -2.8% |
| Revenue YoY | 35.9% | — |
| Net Profit YoY | 30.0% | — |
| EPS (diluted) | $3.11 | — |
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 | $1.1B | — | ||
| Q3 25 | $978.1M | $718.6M | ||
| Q2 25 | $909.7M | $663.0M | ||
| Q1 25 | $871.8M | $656.5M | ||
| Q4 24 | $833.6M | — | ||
| Q3 24 | $804.2M | $511.6M | ||
| Q2 24 | $753.3M | — | ||
| Q1 24 | $731.5M | $302.6M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $-20.0M | ||
| Q2 25 | $87.2M | $-51.8M | ||
| Q1 25 | $81.3M | $-26.1M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $-10.4M | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.9M | $-618.3M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | -96.1% | ||
| Q2 25 | 9.8% | -79.0% | ||
| Q1 25 | 9.0% | -74.0% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | -65.9% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | -139.4% |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | -2.8% | ||
| Q2 25 | 9.6% | -7.8% | ||
| Q1 25 | 9.3% | -4.0% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | -2.0% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 11.1% | -204.3% |
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | — | ||
| Q2 25 | $2.41 | — | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $2.38 | — | ||
| Q3 24 | $2.13 | — | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $2.21 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $3.3B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | $8.8M | ||
| Q2 25 | $934.2M | $650.0M | ||
| Q1 25 | $950.7M | $2.4M | ||
| Q4 24 | $934.6M | — | ||
| Q3 24 | $908.9M | $1.9M | ||
| Q2 24 | $858.6M | — | ||
| Q1 24 | $794.0M | $3.0M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $-7.2B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.0B | $183.2M | ||
| Q2 25 | $2.8B | $7.2B | ||
| Q1 25 | $2.6B | $158.2M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $151.8M | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | $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 | $46.3M | — |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | — | ||
| Q3 25 | $102.6M | — | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | — | ||
| Q2 24 | $83.1M | — | ||
| Q1 24 | $100.9M | — |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $87.3M | — |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
