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Side-by-side financial comparison of Lineage, Inc. (LINE) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.

Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $718.6M, roughly 1.9× VinFast Auto Ltd.). VinFast Auto Ltd. runs the higher net margin — -2.8% vs -7.3%, a 4.5% gap on every dollar of revenue.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

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.

LINE vs VFS — Head-to-Head

Bigger by revenue
LINE
LINE
1.9× larger
LINE
$1.4B
$718.6M
VFS
Higher net margin
VFS
VFS
4.5% more per $
VFS
-2.8%
-7.3%
LINE

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
LINE
LINE
VFS
VFS
Revenue
$1.4B
$718.6M
Net Profit
$-100.0M
$-20.0M
Gross Margin
32.3%
Operating Margin
2.5%
-96.1%
Net Margin
-7.3%
-2.8%
Revenue YoY
3.1%
Net Profit YoY
79.4%
EPS (diluted)
$-0.44

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
LINE
LINE
VFS
VFS
Q3 25
$1.4B
$718.6M
Q2 25
$1.4B
$663.0M
Q1 25
$1.3B
$656.5M
Q4 24
$1.3B
Q3 24
$1.3B
$511.6M
Q2 24
$1.3B
Q1 24
$1.3B
$302.6M
Net Profit
LINE
LINE
VFS
VFS
Q3 25
$-100.0M
$-20.0M
Q2 25
$-6.0M
$-51.8M
Q1 25
$0
$-26.1M
Q4 24
$-71.0M
Q3 24
$-485.0M
$-10.4M
Q2 24
$-68.0M
Q1 24
$-40.0M
$-618.3M
Gross Margin
LINE
LINE
VFS
VFS
Q3 25
32.3%
Q2 25
31.9%
Q1 25
32.2%
Q4 24
32.3%
Q3 24
32.8%
Q2 24
33.4%
Q1 24
33.4%
Operating Margin
LINE
LINE
VFS
VFS
Q3 25
2.5%
-96.1%
Q2 25
1.7%
-79.0%
Q1 25
4.3%
-74.0%
Q4 24
-1.6%
Q3 24
-38.6%
-65.9%
Q2 24
5.5%
Q1 24
7.6%
-139.4%
Net Margin
LINE
LINE
VFS
VFS
Q3 25
-7.3%
-2.8%
Q2 25
-0.4%
-7.8%
Q1 25
-4.0%
Q4 24
-5.3%
Q3 24
-36.3%
-2.0%
Q2 24
-5.1%
Q1 24
-3.0%
-204.3%
EPS (diluted)
LINE
LINE
VFS
VFS
Q3 25
$-0.44
Q2 25
$-0.03
Q1 25
$0.01
Q4 24
$-0.52
Q3 24
$-2.44
Q2 24
$-0.46
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
LINE
LINE
VFS
VFS
Cash + ST InvestmentsLiquidity on hand
$8.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.4B
Total Assets
$19.2B
$183.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LINE
LINE
VFS
VFS
Q3 25
$8.8M
Q2 25
$650.0M
Q1 25
$2.4M
Q4 24
$173.0M
Q3 24
$409.0M
$1.9M
Q2 24
$73.0M
Q1 24
$3.0M
Stockholders' Equity
LINE
LINE
VFS
VFS
Q3 25
$8.4B
Q2 25
$8.6B
$-7.2B
Q1 25
$8.6B
Q4 24
$8.6B
Q3 24
$9.0B
Q2 24
$4.9B
Q1 24
$5.6B
Total Assets
LINE
LINE
VFS
VFS
Q3 25
$19.2B
$183.2M
Q2 25
$19.4B
$7.2B
Q1 25
$18.8B
$158.2M
Q4 24
$18.7B
Q3 24
$19.3B
$151.8M
Q2 24
$18.8B
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
LINE
LINE
VFS
VFS
Operating Cash FlowLast quarter
$230.0M
Free Cash FlowOCF − Capex
$35.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LINE
LINE
VFS
VFS
Q3 25
$230.0M
Q2 25
$258.0M
Q1 25
$139.0M
Q4 24
Q3 24
$186.0M
Q2 24
$155.0M
Q1 24
$105.0M
Free Cash Flow
LINE
LINE
VFS
VFS
Q3 25
$35.0M
Q2 25
$95.0M
Q1 25
$-12.0M
Q4 24
Q3 24
$33.0M
Q2 24
$-31.0M
Q1 24
$-42.0M
FCF Margin
LINE
LINE
VFS
VFS
Q3 25
2.5%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
Q3 24
2.5%
Q2 24
-2.3%
Q1 24
-3.2%
Capex Intensity
LINE
LINE
VFS
VFS
Q3 25
14.2%
Q2 25
12.1%
Q1 25
11.7%
Q4 24
Q3 24
11.5%
Q2 24
13.9%
Q1 24
11.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

LINE
LINE

Warehousing Operations$883.0M64%
Other$308.0M22%
Warehouse Lease$60.0M4%
Food Sales$52.0M4%
E Commerce And Other$46.0M3%
Railcar Lease$23.0M2%
Service Other$5.0M0%

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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