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Side-by-side financial comparison of Incyte (INCY) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Incyte is the larger business by last-quarter revenue ($1.3B vs $718.6M, roughly 1.8× VinFast Auto Ltd.). Incyte runs the higher net margin — 23.8% vs -2.8%, a 26.6% gap on every dollar of revenue.
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
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.
INCY vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $718.6M |
| Net Profit | $303.3M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 23.7% | -96.1% |
| Net Margin | 23.8% | -2.8% |
| Revenue YoY | 19.8% | — |
| Net Profit YoY | 91.7% | — |
| EPS (diluted) | $1.47 | — |
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 | $1.3B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $718.6M | ||
| Q2 25 | $1.2B | $663.0M | ||
| Q1 25 | $1.1B | $656.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $511.6M | ||
| Q2 24 | $1.0B | — |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | — | ||
| Q3 25 | $424.2M | $-20.0M | ||
| Q2 25 | $405.0M | $-51.8M | ||
| Q1 25 | $158.2M | $-26.1M | ||
| Q4 24 | $201.2M | — | ||
| Q3 24 | $106.5M | $-10.4M | ||
| Q2 24 | $-444.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | — | ||
| Q3 25 | 92.8% | — | ||
| Q2 25 | 93.5% | — | ||
| Q1 25 | 93.0% | — | ||
| Q4 24 | 92.5% | — | ||
| Q3 24 | 92.4% | — | ||
| Q2 24 | 92.7% | — |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | — | ||
| Q3 25 | 32.5% | -96.1% | ||
| Q2 25 | 43.6% | -79.0% | ||
| Q1 25 | 19.5% | -74.0% | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 12.8% | -65.9% | ||
| Q2 24 | -45.8% | — |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 31.1% | -2.8% | ||
| Q2 25 | 33.3% | -7.8% | ||
| Q1 25 | 15.0% | -4.0% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 9.4% | -2.0% | ||
| Q2 24 | -42.6% | — |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | — | ||
| Q3 25 | $2.11 | — | ||
| Q2 25 | $2.04 | — | ||
| Q1 25 | $0.80 | — | ||
| Q4 24 | $0.90 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $-2.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.6B | — |
| Total Assets | $7.3B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.5B | $8.8M | ||
| Q2 25 | $2.0B | $650.0M | ||
| Q1 25 | $1.9B | $2.4M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.3B | $1.9M | ||
| Q2 24 | $987.3M | — |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.2B | $-7.2B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.3B | $183.2M | ||
| Q2 25 | $5.8B | $7.2B | ||
| Q1 25 | $5.7B | $158.2M | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.0B | $151.8M | ||
| Q2 24 | $4.7B | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
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% |
