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Side-by-side financial comparison of FULLER H B CO (FUL) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.

FULLER H B CO is the larger business by last-quarter revenue ($892.0M vs $718.6M, roughly 1.2× VinFast Auto Ltd.). FULLER H B CO runs the higher net margin — 7.5% vs -2.8%, a 10.3% gap on every dollar of revenue.

H.B. Fuller Company is an American multinational adhesives manufacturing company headquartered in St. Paul, Minnesota. H.B. Fuller manufactures more than 20,000 products for a variety of applications, including those used in construction, engineering, electronics, hygiene products, and food packaging. Its products are made at 81 manufacturing facilities in 26 countries. As of 2024, it was the fourth-largest manufacturer of adhesives and sealants in the world, employed approximately 7,500 peop...

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.

FUL vs VFS — Head-to-Head

Bigger by revenue
FUL
FUL
1.2× larger
FUL
$892.0M
$718.6M
VFS
Higher net margin
FUL
FUL
10.3% more per $
FUL
7.5%
-2.8%
VFS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
FUL
FUL
VFS
VFS
Revenue
$892.0M
$718.6M
Net Profit
$67.2M
$-20.0M
Gross Margin
32.0%
Operating Margin
12.3%
-96.1%
Net Margin
7.5%
-2.8%
Revenue YoY
-2.8%
Net Profit YoY
21.3%
EPS (diluted)
$1.22

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.

Revenue
FUL
FUL
VFS
VFS
Q3 25
$892.0M
$718.6M
Q2 25
$898.1M
$663.0M
Q1 25
$656.5M
Q3 24
$917.9M
$511.6M
Q1 24
$810.4M
$302.6M
Q4 23
$902.9M
Q3 23
$900.6M
Q2 23
$898.2M
Net Profit
FUL
FUL
VFS
VFS
Q3 25
$67.2M
$-20.0M
Q2 25
$41.8M
$-51.8M
Q1 25
$-26.1M
Q3 24
$55.4M
$-10.4M
Q1 24
$31.0M
$-618.3M
Q4 23
$45.0M
Q3 23
$37.6M
Q2 23
$40.4M
Gross Margin
FUL
FUL
VFS
VFS
Q3 25
32.0%
Q2 25
31.9%
Q1 25
Q3 24
30.0%
Q1 24
29.5%
Q4 23
30.3%
Q3 23
29.3%
Q2 23
28.6%
Operating Margin
FUL
FUL
VFS
VFS
Q3 25
12.3%
-96.1%
Q2 25
11.1%
-79.0%
Q1 25
-74.0%
Q3 24
11.4%
-65.9%
Q1 24
8.3%
-139.4%
Q4 23
12.6%
Q3 23
10.1%
Q2 23
10.0%
Net Margin
FUL
FUL
VFS
VFS
Q3 25
7.5%
-2.8%
Q2 25
4.7%
-7.8%
Q1 25
-4.0%
Q3 24
6.0%
-2.0%
Q1 24
3.8%
-204.3%
Q4 23
5.0%
Q3 23
4.2%
Q2 23
4.5%
EPS (diluted)
FUL
FUL
VFS
VFS
Q3 25
$1.22
Q2 25
$0.76
Q1 25
Q3 24
$0.98
Q1 24
$0.55
Q4 23
$0.80
Q3 23
$0.67
Q2 23
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FUL
FUL
VFS
VFS
Cash + ST InvestmentsLiquidity on hand
$122.5M
$8.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
Total Assets
$5.2B
$183.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUL
FUL
VFS
VFS
Q3 25
$122.5M
$8.8M
Q2 25
$96.8M
$650.0M
Q1 25
$2.4M
Q3 24
$131.4M
$1.9M
Q1 24
$165.2M
$3.0M
Q4 23
$179.5M
Q3 23
$94.9M
Q2 23
$103.2M
Total Debt
FUL
FUL
VFS
VFS
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
Q4 23
$1.8B
Q3 23
Q2 23
Stockholders' Equity
FUL
FUL
VFS
VFS
Q3 25
$2.0B
Q2 25
$1.9B
$-7.2B
Q1 25
Q3 24
$1.8B
Q1 24
$1.8B
Q4 23
$1.8B
Q3 23
$1.7B
Q2 23
$1.7B
Total Assets
FUL
FUL
VFS
VFS
Q3 25
$5.2B
$183.2M
Q2 25
$5.1B
$7.2B
Q1 25
$158.2M
Q3 24
$5.0B
$151.8M
Q1 24
$4.7B
$145.6M
Q4 23
$4.7B
Q3 23
$4.7B
Q2 23
$4.6B
Debt / Equity
FUL
FUL
VFS
VFS
Q3 25
Q2 25
Q1 25
Q3 24
Q1 24
Q4 23
1.05×
Q3 23
Q2 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FUL
FUL
VFS
VFS
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$68.9M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUL
FUL
VFS
VFS
Q3 25
$99.0M
Q2 25
Q1 25
Q3 24
$169.4M
Q1 24
$47.4M
Q4 23
$161.7M
Q3 23
$108.3M
Q2 23
$102.9M
Free Cash Flow
FUL
FUL
VFS
VFS
Q3 25
$68.9M
Q2 25
Q1 25
Q3 24
$99.9M
Q1 24
$4.1M
Q4 23
$152.1M
Q3 23
$81.3M
Q2 23
$67.9M
FCF Margin
FUL
FUL
VFS
VFS
Q3 25
7.7%
Q2 25
Q1 25
Q3 24
10.9%
Q1 24
0.5%
Q4 23
16.8%
Q3 23
9.0%
Q2 23
7.6%
Capex Intensity
FUL
FUL
VFS
VFS
Q3 25
3.4%
Q2 25
Q1 25
Q3 24
7.6%
Q1 24
5.3%
Q4 23
1.1%
Q3 23
3.0%
Q2 23
3.9%
Cash Conversion
FUL
FUL
VFS
VFS
Q3 25
1.47×
Q2 25
Q1 25
Q3 24
3.06×
Q1 24
1.53×
Q4 23
3.59×
Q3 23
2.88×
Q2 23
2.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FUL
FUL

Hygiene Health And Consumable Adhesives$386.1M43%
Engineering Adhesives$272.3M31%
Building Adhesives Solutions$233.7M26%

VFS
VFS

Sales of vehicles$662.9M92%
Sales of spare parts and components$41.3M6%
Revenue from leasing activities$12.3M2%
Finance income$2.4M0%
Rendering of services$1.2M0%

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