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Side-by-side financial comparison of OneWater Marine Inc. (ONEW) 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 $442.3M, roughly 1.6× OneWater Marine Inc.). VinFast Auto Ltd. runs the higher net margin — -2.8% vs -2.9%, a 0.1% gap on every dollar of revenue.
OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.
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.
ONEW vs VFS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $442.3M | $718.6M |
| Net Profit | $-12.9M | $-20.0M |
| Gross Margin | 23.9% | — |
| Operating Margin | 1.7% | -96.1% |
| Net Margin | -2.9% | -2.8% |
| Revenue YoY | -8.5% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.78 | — |
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.
| Q2 26 | $442.3M | — | ||
| Q1 26 | $380.6M | — | ||
| Q4 25 | $380.6M | — | ||
| Q3 25 | $460.1M | $718.6M | ||
| Q2 25 | $552.9M | $663.0M | ||
| Q1 25 | $483.5M | $656.5M | ||
| Q4 24 | $375.8M | — | ||
| Q3 24 | $377.9M | $511.6M |
| Q2 26 | $-12.9M | — | ||
| Q1 26 | $-7.7M | — | ||
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-113.0M | $-20.0M | ||
| Q2 25 | $10.7M | $-51.8M | ||
| Q1 25 | $-368.0K | $-26.1M | ||
| Q4 24 | $-12.0M | — | ||
| Q3 24 | $-9.2M | $-10.4M |
| Q2 26 | 23.9% | — | ||
| Q1 26 | 23.5% | — | ||
| Q4 25 | 23.5% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 22.4% | — | ||
| Q3 24 | 24.0% | — |
| Q2 26 | 1.7% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | — | ||
| Q3 25 | -28.3% | -96.1% | ||
| Q2 25 | 5.5% | -79.0% | ||
| Q1 25 | 3.4% | -74.0% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 1.2% | -65.9% |
| Q2 26 | -2.9% | — | ||
| Q1 26 | -2.0% | — | ||
| Q4 25 | -2.0% | — | ||
| Q3 25 | -24.5% | -2.8% | ||
| Q2 25 | 1.9% | -7.8% | ||
| Q1 25 | -0.1% | -4.0% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.4% | -2.0% |
| Q2 26 | $-0.78 | — | ||
| Q1 26 | $-0.47 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
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 | $269.4M | — |
| Total Assets | $1.4B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.9M |
| Q2 26 | $269.4M | — | ||
| Q1 26 | $277.5M | — | ||
| Q4 25 | $277.5M | — | ||
| Q3 25 | $285.0M | — | ||
| Q2 25 | $393.2M | $-7.2B | ||
| Q1 25 | $381.6M | — | ||
| Q4 24 | $354.8M | — | ||
| Q3 24 | $360.8M | — |
| Q2 26 | $1.4B | — | ||
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $183.2M | ||
| Q2 25 | $1.5B | $7.2B | ||
| Q1 25 | $1.6B | $158.2M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $151.8M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONEW
| New boat | $272.0M | 62% |
| Pre-owned boat | $94.4M | 21% |
| Service, parts & other | $61.9M | 14% |
| Finance & insurance income | $14.0M | 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% |
