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Side-by-side financial comparison of Orion S.A. (OEC) 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 $411.7M, roughly 1.7× Orion S.A.).

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

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.

OEC vs VFS — Head-to-Head

Bigger by revenue
VFS
VFS
1.7× larger
VFS
$718.6M
$411.7M
OEC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OEC
OEC
VFS
VFS
Revenue
$411.7M
$718.6M
Net Profit
$-20.0M
Gross Margin
18.9%
Operating Margin
4.3%
-96.1%
Net Margin
-2.8%
Revenue YoY
-5.2%
Net Profit YoY
EPS (diluted)
$-0.36

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
OEC
OEC
VFS
VFS
Q4 25
$411.7M
Q3 25
$450.9M
$718.6M
Q2 25
$466.4M
$663.0M
Q1 25
$477.7M
$656.5M
Q4 24
$434.2M
Q3 24
$463.4M
$511.6M
Q2 24
$477.0M
Q1 24
$502.9M
$302.6M
Net Profit
OEC
OEC
VFS
VFS
Q4 25
Q3 25
$-67.1M
$-20.0M
Q2 25
$9.0M
$-51.8M
Q1 25
$9.1M
$-26.1M
Q4 24
Q3 24
$-20.2M
$-10.4M
Q2 24
$20.5M
Q1 24
$26.7M
$-618.3M
Gross Margin
OEC
OEC
VFS
VFS
Q4 25
18.9%
Q3 25
19.0%
Q2 25
21.1%
Q1 25
20.5%
Q4 24
20.6%
Q3 24
23.2%
Q2 24
23.0%
Q1 24
24.3%
Operating Margin
OEC
OEC
VFS
VFS
Q4 25
4.3%
Q3 25
-11.9%
-96.1%
Q2 25
6.9%
-79.0%
Q1 25
6.5%
-74.0%
Q4 24
5.4%
Q3 24
-3.3%
-65.9%
Q2 24
8.7%
Q1 24
10.5%
-139.4%
Net Margin
OEC
OEC
VFS
VFS
Q4 25
Q3 25
-14.9%
-2.8%
Q2 25
1.9%
-7.8%
Q1 25
1.9%
-4.0%
Q4 24
Q3 24
-4.4%
-2.0%
Q2 24
4.3%
Q1 24
5.3%
-204.3%
EPS (diluted)
OEC
OEC
VFS
VFS
Q4 25
$-0.36
Q3 25
$-1.20
Q2 25
$0.16
Q1 25
$0.16
Q4 24
$0.31
Q3 24
$-0.35
Q2 24
$0.35
Q1 24
$0.45

Balance Sheet & Financial Strength

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

Metric
OEC
OEC
VFS
VFS
Cash + ST InvestmentsLiquidity on hand
$60.7M
$8.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$384.6M
Total Assets
$1.9B
$183.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OEC
OEC
VFS
VFS
Q4 25
$60.7M
Q3 25
$51.3M
$8.8M
Q2 25
$42.6M
$650.0M
Q1 25
$37.5M
$2.4M
Q4 24
$44.2M
Q3 24
$53.2M
$1.9M
Q2 24
$34.2M
Q1 24
$43.9M
$3.0M
Stockholders' Equity
OEC
OEC
VFS
VFS
Q4 25
$384.6M
Q3 25
$401.8M
Q2 25
$466.5M
$-7.2B
Q1 25
$466.1M
Q4 24
$474.9M
Q3 24
$476.3M
Q2 24
$503.9M
Q1 24
$492.2M
Total Assets
OEC
OEC
VFS
VFS
Q4 25
$1.9B
Q3 25
$2.0B
$183.2M
Q2 25
$2.0B
$7.2B
Q1 25
$2.0B
$158.2M
Q4 24
$1.9B
Q3 24
$2.0B
$151.8M
Q2 24
$1.9B
Q1 24
$1.9B
$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
OEC
OEC
VFS
VFS
Operating Cash FlowLast quarter
$92.9M
Free Cash FlowOCF − Capex
$44.2M
FCF MarginFCF / Revenue
10.7%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OEC
OEC
VFS
VFS
Q4 25
$92.9M
Q3 25
$68.8M
Q2 25
$53.7M
Q1 25
$400.0K
Q4 24
$94.5M
Q3 24
$-30.9M
Q2 24
$29.3M
Q1 24
$32.4M
Free Cash Flow
OEC
OEC
VFS
VFS
Q4 25
$44.2M
Q3 25
$27.9M
Q2 25
$11.5M
Q1 25
$-28.8M
Q4 24
$23.5M
Q3 24
$-78.8M
Q2 24
$-25.4M
Q1 24
$-700.0K
FCF Margin
OEC
OEC
VFS
VFS
Q4 25
10.7%
Q3 25
6.2%
Q2 25
2.5%
Q1 25
-6.0%
Q4 24
5.4%
Q3 24
-17.0%
Q2 24
-5.3%
Q1 24
-0.1%
Capex Intensity
OEC
OEC
VFS
VFS
Q4 25
11.8%
Q3 25
9.1%
Q2 25
9.0%
Q1 25
6.1%
Q4 24
16.4%
Q3 24
10.3%
Q2 24
11.5%
Q1 24
6.6%
Cash Conversion
OEC
OEC
VFS
VFS
Q4 25
Q3 25
Q2 25
5.97×
Q1 25
0.04×
Q4 24
Q3 24
Q2 24
1.43×
Q1 24
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OEC
OEC

Rubber$272.0M66%
Specialties$139.7M34%

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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