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Side-by-side financial comparison of Magnera Corp (MAGN) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $718.6M, roughly 1.1× VinFast Auto Ltd.). VinFast Auto Ltd. runs the higher net margin — -2.8% vs -4.3%, a 1.5% gap on every dollar of revenue.
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.
MAGN vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $718.6M |
| Net Profit | $-34.0M | $-20.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | -96.1% |
| Net Margin | -4.3% | -2.8% |
| Revenue YoY | 12.8% | — |
| Net Profit YoY | 43.3% | — |
| EPS (diluted) | $-0.95 | — |
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 | $792.0M | — | ||
| Q3 25 | — | $718.6M | ||
| Q2 25 | $839.0M | $663.0M | ||
| Q1 25 | $824.0M | $656.5M | ||
| Q4 24 | $702.0M | — | ||
| Q3 24 | $332.1M | $511.6M | ||
| Q2 24 | $556.0M | — | ||
| Q1 24 | $558.0M | $302.6M |
| Q4 25 | $-34.0M | — | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $-18.0M | $-51.8M | ||
| Q1 25 | $-41.0M | $-26.1M | ||
| Q4 24 | $-60.0M | — | ||
| Q3 24 | $-15.2M | $-10.4M | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $14.0M | $-618.3M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | -96.1% | ||
| Q2 25 | 1.5% | -79.0% | ||
| Q1 25 | 0.5% | -74.0% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | -65.9% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.8% | -139.4% |
| Q4 25 | -4.3% | — | ||
| Q3 25 | — | -2.8% | ||
| Q2 25 | -2.1% | -7.8% | ||
| Q1 25 | -5.0% | -4.0% | ||
| Q4 24 | -8.5% | — | ||
| Q3 24 | -4.6% | -2.0% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.5% | -204.3% |
| Q4 25 | $-0.95 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.51 | — | ||
| Q1 25 | $-1.15 | — | ||
| Q4 24 | $-1.69 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $0.60 | — | ||
| Q1 24 | $0.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.0M | $8.8M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.0B | — |
| Total Assets | $3.9B | $183.2M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | $276.0M | $650.0M | ||
| Q1 25 | $282.0M | $2.4M | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $230.0M | $1.9M | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $30.2M | $3.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.1B | $-7.2B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $3.9B | — | ||
| Q3 25 | — | $183.2M | ||
| Q2 25 | $4.1B | $7.2B | ||
| Q1 25 | $4.1B | $158.2M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $2.8B | $151.8M | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $145.6M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | — |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $65.0M | — | ||
| Q4 24 | $-58.0M | — | ||
| Q3 24 | $12.2M | — | ||
| Q2 24 | $38.0M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | $-13.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $12.5M | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
