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Side-by-side financial comparison of RH (RH) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $718.6M, roughly 1.2× VinFast Auto Ltd.). RH runs the higher net margin — 4.1% vs -2.8%, a 6.9% gap on every dollar of revenue.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
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.
RH vs VFS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $883.8M | $718.6M |
| Net Profit | $36.3M | $-20.0M |
| Gross Margin | 44.1% | — |
| Operating Margin | 12.0% | -96.1% |
| Net Margin | 4.1% | -2.8% |
| Revenue YoY | 8.9% | — |
| Net Profit YoY | 9.3% | — |
| EPS (diluted) | $1.83 | — |
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 | $883.8M | — | ||
| Q3 25 | $899.2M | $718.6M | ||
| Q2 25 | $814.0M | $663.0M | ||
| Q1 25 | $812.4M | $656.5M | ||
| Q4 24 | $811.7M | — | ||
| Q3 24 | $829.7M | $511.6M | ||
| Q2 24 | $727.0M | — | ||
| Q1 24 | $738.3M | $302.6M |
| Q4 25 | $36.3M | — | ||
| Q3 25 | $51.7M | $-20.0M | ||
| Q2 25 | $8.0M | $-51.8M | ||
| Q1 25 | $13.9M | $-26.1M | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | $29.0M | $-10.4M | ||
| Q2 24 | $-3.6M | — | ||
| Q1 24 | $11.4M | $-618.3M |
| Q4 25 | 44.1% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | — |
| Q4 25 | 12.0% | — | ||
| Q3 25 | 14.3% | -96.1% | ||
| Q2 25 | 6.9% | -79.0% | ||
| Q1 25 | 8.7% | -74.0% | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 11.6% | -65.9% | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 8.7% | -139.4% |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 5.8% | -2.8% | ||
| Q2 25 | 1.0% | -7.8% | ||
| Q1 25 | 1.7% | -4.0% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.5% | -2.0% | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | 1.5% | -204.3% |
| Q4 25 | $1.83 | — | ||
| Q3 25 | $2.62 | — | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | $0.71 | — | ||
| Q4 24 | $1.66 | — | ||
| Q3 24 | $1.45 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $0.91 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.1M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | — |
| Total Assets | $4.8B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.1M | — | ||
| Q3 25 | $34.6M | $8.8M | ||
| Q2 25 | $46.1M | $650.0M | ||
| Q1 25 | $30.4M | $2.4M | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $78.3M | $1.9M | ||
| Q2 24 | $101.8M | — | ||
| Q1 24 | $123.7M | $3.0M |
| Q4 25 | $3.3M | — | ||
| Q3 25 | $-40.9M | — | ||
| Q2 25 | $-110.8M | $-7.2B | ||
| Q1 25 | $-163.6M | — | ||
| Q4 24 | $-183.0M | — | ||
| Q3 24 | $-234.7M | — | ||
| Q2 24 | $-289.9M | — | ||
| Q1 24 | $-297.4M | — |
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.7B | $183.2M | ||
| Q2 25 | $4.7B | $7.2B | ||
| Q1 25 | $4.6B | $158.2M | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | $151.8M | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.1B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $131.9M | — |
| Free Cash FlowOCF − Capex | $83.0M | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 5.5% | — |
| Cash ConversionOCF / Net Profit | 3.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $128.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $131.9M | — | ||
| Q3 25 | $137.7M | — | ||
| Q2 25 | $86.6M | — | ||
| Q1 25 | $-18.8M | — | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $11.2M | — | ||
| Q2 24 | $56.1M | — | ||
| Q1 24 | $-114.0M | — |
| Q4 25 | $83.0M | — | ||
| Q3 25 | $80.7M | — | ||
| Q2 25 | $34.1M | — | ||
| Q1 25 | $-69.7M | — | ||
| Q4 24 | $-96.0M | — | ||
| Q3 24 | $-37.9M | — | ||
| Q2 24 | $-10.1M | — | ||
| Q1 24 | $-251.5M | — |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | -8.6% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | -34.1% | — |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 3.64× | — | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 10.78× | — | ||
| Q1 25 | -1.35× | — | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
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% |
