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Side-by-side financial comparison of MERCER INTERNATIONAL INC. (MERC) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $489.3M, roughly 1.5× MERCER INTERNATIONAL INC.).
Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan. Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.
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.
MERC vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $489.3M | $718.6M |
| Net Profit | — | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | — | -96.1% |
| Net Margin | — | -2.8% |
| Revenue YoY | -3.5% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $489.3M | — | ||
| Q4 25 | $449.5M | — | ||
| Q3 25 | $458.1M | $718.6M | ||
| Q2 25 | $453.5M | $663.0M | ||
| Q1 25 | $507.0M | $656.5M | ||
| Q4 24 | $488.4M | — | ||
| Q3 24 | $502.1M | $511.6M | ||
| Q2 24 | $499.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-308.7M | — | ||
| Q3 25 | $-80.8M | $-20.0M | ||
| Q2 25 | $-86.1M | $-51.8M | ||
| Q1 25 | $-22.3M | $-26.1M | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $-17.6M | $-10.4M | ||
| Q2 24 | $-67.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | -62.0% | — | ||
| Q3 25 | -14.8% | -96.1% | ||
| Q2 25 | -12.9% | -79.0% | ||
| Q1 25 | 1.3% | -74.0% | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 1.8% | -65.9% | ||
| Q2 24 | -8.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | -68.7% | — | ||
| Q3 25 | -17.6% | -2.8% | ||
| Q2 25 | -19.0% | -7.8% | ||
| Q1 25 | -4.4% | -4.0% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | -3.5% | -2.0% | ||
| Q2 24 | -13.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | $-4.61 | — | ||
| Q3 25 | $-1.21 | — | ||
| Q2 25 | $-1.29 | — | ||
| Q1 25 | $-0.33 | — | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $-1.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $84.5M | $8.8M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $2.0B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $84.5M | — | ||
| Q4 25 | $186.8M | — | ||
| Q3 25 | $98.1M | $8.8M | ||
| Q2 25 | $146.5M | $650.0M | ||
| Q1 25 | $181.5M | $2.4M | ||
| Q4 24 | $184.9M | — | ||
| Q3 24 | $239.0M | $1.9M | ||
| Q2 24 | $263.2M | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $68.1M | — | ||
| Q3 25 | $359.5M | — | ||
| Q2 25 | $446.5M | $-7.2B | ||
| Q1 25 | $437.4M | — | ||
| Q4 24 | $429.8M | — | ||
| Q3 24 | $516.8M | — | ||
| Q2 24 | $487.7M | — |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.3B | $183.2M | ||
| Q2 25 | $2.4B | $7.2B | ||
| Q1 25 | $2.3B | $158.2M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.5B | $151.8M | ||
| Q2 24 | $2.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.58× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 3.43× | — | ||
| Q3 24 | 3.09× | — | ||
| Q2 24 | 3.22× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MERC
| Pulp segment | $345.0M | 71% |
| Solid wood segment | $131.7M | 27% |
| Corporate and other | $12.6M | 3% |
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% |
