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Side-by-side financial comparison of Shake Shack Inc. (SHAK) 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 $400.5M, roughly 1.8× Shake Shack Inc.). Shake Shack Inc. runs the higher net margin — 3.0% vs -2.8%, a 5.7% gap on every dollar of revenue.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
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.
SHAK vs VFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $400.5M | $718.6M |
| Net Profit | $11.8M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | -96.1% |
| Net Margin | 3.0% | -2.8% |
| Revenue YoY | 21.9% | — |
| Net Profit YoY | 35.8% | — |
| EPS (diluted) | $0.28 | — |
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 | $400.5M | — | ||
| Q3 25 | $367.4M | $718.6M | ||
| Q2 25 | $356.5M | $663.0M | ||
| Q1 25 | $320.9M | $656.5M | ||
| Q4 24 | $328.7M | — | ||
| Q3 24 | $316.9M | $511.6M | ||
| Q2 24 | $316.5M | — | ||
| Q1 24 | $290.5M | $302.6M |
| Q4 25 | $11.8M | — | ||
| Q3 25 | $12.5M | $-20.0M | ||
| Q2 25 | $17.1M | $-51.8M | ||
| Q1 25 | $4.2M | $-26.1M | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $-10.2M | $-10.4M | ||
| Q2 24 | $9.7M | — | ||
| Q1 24 | $2.0M | $-618.3M |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 5.0% | -96.1% | ||
| Q2 25 | 6.3% | -79.0% | ||
| Q1 25 | 0.9% | -74.0% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | -5.7% | -65.9% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 0.0% | -139.4% |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.4% | -2.8% | ||
| Q2 25 | 4.8% | -7.8% | ||
| Q1 25 | 1.3% | -4.0% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | -3.2% | -2.0% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 0.7% | -204.3% |
| Q4 25 | $0.28 | — | ||
| Q3 25 | $0.30 | — | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $360.1M | $8.8M |
| Total DebtLower is stronger | $247.7M | — |
| Stockholders' EquityBook value | $525.3M | — |
| Total Assets | $1.9B | $183.2M |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.1M | — | ||
| Q3 25 | $357.8M | $8.8M | ||
| Q2 25 | $336.8M | $650.0M | ||
| Q1 25 | $312.9M | $2.4M | ||
| Q4 24 | $320.7M | — | ||
| Q3 24 | $310.9M | $1.9M | ||
| Q2 24 | $304.4M | — | ||
| Q1 24 | $284.8M | $3.0M |
| Q4 25 | $247.7M | — | ||
| Q3 25 | $247.5M | — | ||
| Q2 25 | $247.2M | — | ||
| Q1 25 | $246.9M | — | ||
| Q4 24 | $246.7M | — | ||
| Q3 24 | $246.4M | — | ||
| Q2 24 | $246.2M | — | ||
| Q1 24 | $245.9M | — |
| Q4 25 | $525.3M | — | ||
| Q3 25 | $509.0M | — | ||
| Q2 25 | $494.1M | $-7.2B | ||
| Q1 25 | $473.3M | — | ||
| Q4 24 | $470.0M | — | ||
| Q3 24 | $456.1M | — | ||
| Q2 24 | $462.4M | — | ||
| Q1 24 | $446.4M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $183.2M | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | $1.7B | $158.2M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $151.8M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | $145.6M |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 0.55× | — |
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 | $63.1M | — |
| Free Cash FlowOCF − Capex | $4.0M | — |
| FCF MarginFCF / Revenue | 1.0% | — |
| Capex IntensityCapex / Revenue | 14.8% | — |
| Cash ConversionOCF / Net Profit | 5.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $56.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | — | ||
| Q3 25 | $63.0M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $31.2M | — | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $41.9M | — | ||
| Q2 24 | $53.5M | — | ||
| Q1 24 | $30.7M | — |
| Q4 25 | $4.0M | — | ||
| Q3 25 | $23.7M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $20.6M | — | ||
| Q1 24 | $-2.4M | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | -0.8% | — |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | 11.4% | — |
| Q4 25 | 5.34× | — | ||
| Q3 25 | 5.04× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 7.36× | — | ||
| Q4 24 | 5.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 15.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHAK
Segment breakdown not available.
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% |
