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Side-by-side financial comparison of Quad/Graphics, Inc. (QUAD) 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 $630.6M, roughly 1.1× Quad/Graphics, Inc.).

Quad is an American marketing services company headquartered in Sussex, Wisconsin. It provides a range of print and marketing services that support physical and digital media channels through audience targeting services, omnichannel media planning and placement, creative and content production, retail display and packaging, postal optimization, and consumer analytics. In 2025, Quad ranked as one of the largest agency companies in the U.S. and as one of the largest commercial printers in North...

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.

QUAD vs VFS — Head-to-Head

Bigger by revenue
VFS
VFS
1.1× larger
VFS
$718.6M
$630.6M
QUAD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
QUAD
QUAD
VFS
VFS
Revenue
$630.6M
$718.6M
Net Profit
$-20.0M
Gross Margin
21.6%
Operating Margin
5.9%
-96.1%
Net Margin
-2.8%
Revenue YoY
-11.0%
Net Profit YoY
EPS (diluted)
$0.22

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
QUAD
QUAD
VFS
VFS
Q4 25
$630.6M
Q3 25
$588.0M
$718.6M
Q2 25
$571.9M
$663.0M
Q1 25
$629.4M
$656.5M
Q4 24
$708.4M
Q3 24
$674.8M
$511.6M
Q2 24
$634.2M
Q1 24
$654.8M
$302.6M
Net Profit
QUAD
QUAD
VFS
VFS
Q4 25
Q3 25
$10.2M
$-20.0M
Q2 25
$-100.0K
$-51.8M
Q1 25
$5.8M
$-26.1M
Q4 24
Q3 24
$-24.7M
$-10.4M
Q2 24
$-2.8M
Q1 24
$-28.1M
$-618.3M
Gross Margin
QUAD
QUAD
VFS
VFS
Q4 25
21.6%
Q3 25
22.8%
Q2 25
21.6%
Q1 25
20.6%
Q4 24
22.4%
Q3 24
21.8%
Q2 24
22.1%
Q1 24
20.4%
Operating Margin
QUAD
QUAD
VFS
VFS
Q4 25
5.9%
Q3 25
4.5%
-96.1%
Q2 25
2.4%
-79.0%
Q1 25
3.1%
-74.0%
Q4 24
2.8%
Q3 24
-0.7%
-65.9%
Q2 24
2.4%
Q1 24
-1.6%
-139.4%
Net Margin
QUAD
QUAD
VFS
VFS
Q4 25
Q3 25
1.7%
-2.8%
Q2 25
-0.0%
-7.8%
Q1 25
0.9%
-4.0%
Q4 24
Q3 24
-3.7%
-2.0%
Q2 24
-0.4%
Q1 24
-4.3%
-204.3%
EPS (diluted)
QUAD
QUAD
VFS
VFS
Q4 25
$0.22
Q3 25
$0.21
Q2 25
$0.00
Q1 25
$0.11
Q4 24
$0.11
Q3 24
$-0.52
Q2 24
$-0.06
Q1 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
QUAD
QUAD
VFS
VFS
Cash + ST InvestmentsLiquidity on hand
$63.3M
$8.8M
Total DebtLower is stronger
$369.9M
Stockholders' EquityBook value
$-59.5M
Total Assets
$1.3B
$183.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QUAD
QUAD
VFS
VFS
Q4 25
$63.3M
Q3 25
$6.2M
$8.8M
Q2 25
$6.7M
$650.0M
Q1 25
$8.1M
$2.4M
Q4 24
$29.2M
Q3 24
$12.5M
$1.9M
Q2 24
$12.8M
Q1 24
$10.2M
$3.0M
Total Debt
QUAD
QUAD
VFS
VFS
Q4 25
$369.9M
Q3 25
Q2 25
Q1 25
Q4 24
$377.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
QUAD
QUAD
VFS
VFS
Q4 25
$-59.5M
Q3 25
$96.7M
Q2 25
$87.0M
$-7.2B
Q1 25
$87.4M
Q4 24
$-131.2M
Q3 24
$50.9M
Q2 24
$79.1M
Q1 24
$89.2M
Total Assets
QUAD
QUAD
VFS
VFS
Q4 25
$1.3B
Q3 25
$1.3B
$183.2M
Q2 25
$1.2B
$7.2B
Q1 25
$1.2B
$158.2M
Q4 24
$1.3B
Q3 24
$1.4B
$151.8M
Q2 24
$1.4B
Q1 24
$1.4B
$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
QUAD
QUAD
VFS
VFS
Operating Cash FlowLast quarter
$145.9M
Free Cash FlowOCF − Capex
$137.2M
FCF MarginFCF / Revenue
21.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$50.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QUAD
QUAD
VFS
VFS
Q4 25
$145.9M
Q3 25
$-8.4M
Q2 25
$47.4M
Q1 25
$-89.0M
Q4 24
$158.8M
Q3 24
$2.4M
Q2 24
$3.9M
Q1 24
$-52.2M
Free Cash Flow
QUAD
QUAD
VFS
VFS
Q4 25
$137.2M
Q3 25
$-20.6M
Q2 25
$34.4M
Q1 25
$-100.3M
Q4 24
$147.3M
Q3 24
$-9.8M
Q2 24
$-11.7M
Q1 24
$-70.1M
FCF Margin
QUAD
QUAD
VFS
VFS
Q4 25
21.8%
Q3 25
-3.5%
Q2 25
6.0%
Q1 25
-15.9%
Q4 24
20.8%
Q3 24
-1.5%
Q2 24
-1.8%
Q1 24
-10.7%
Capex Intensity
QUAD
QUAD
VFS
VFS
Q4 25
1.4%
Q3 25
2.1%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
1.6%
Q3 24
1.8%
Q2 24
2.5%
Q1 24
2.7%
Cash Conversion
QUAD
QUAD
VFS
VFS
Q4 25
Q3 25
-0.82×
Q2 25
Q1 25
-15.34×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

QUAD
QUAD

Catalog Publications Retail Inserts Books And Directories$300.6M48%
Direct Mail And Other Printed Products$147.1M23%
Imaging Marketing Services And Other Services$79.8M13%
Logistic Services$61.4M10%
Other$39.3M6%
Other Revenues$2.4M0%

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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