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Side-by-side financial comparison of TKO Group Holdings (TKO) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $718.6M, roughly 1.4× VinFast Auto Ltd.). TKO Group Holdings runs the higher net margin — -0.2% vs -2.8%, a 2.6% gap on every dollar of revenue.
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
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.
TKO vs VFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $718.6M |
| Net Profit | $-2.4M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | -96.1% |
| Net Margin | -0.2% | -2.8% |
| Revenue YoY | 61.6% | — |
| Net Profit YoY | -107.7% | — |
| EPS (diluted) | $-0.07 | — |
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 | $1.0B | — | ||
| Q3 25 | $1.1B | $718.6M | ||
| Q2 25 | $1.3B | $663.0M | ||
| Q1 25 | $1.3B | $656.5M | ||
| Q4 24 | $642.2M | — | ||
| Q3 24 | $681.3M | $511.6M | ||
| Q2 24 | $851.2M | — | ||
| Q1 24 | $629.7M | $302.6M |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | $41.0M | $-20.0M | ||
| Q2 25 | $98.4M | $-51.8M | ||
| Q1 25 | $58.4M | $-26.1M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $23.1M | $-10.4M | ||
| Q2 24 | $59.1M | — | ||
| Q1 24 | $-103.8M | $-618.3M |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 15.4% | -96.1% | ||
| Q2 25 | 28.1% | -79.0% | ||
| Q1 25 | 18.7% | -74.0% | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 20.0% | -65.9% | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | -33.4% | -139.4% |
| Q4 25 | -0.2% | — | ||
| Q3 25 | 3.7% | -2.8% | ||
| Q2 25 | 7.5% | -7.8% | ||
| Q1 25 | 4.6% | -4.0% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.4% | -2.0% | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | -16.5% | -204.3% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $0.47 | — | ||
| Q2 25 | $1.17 | — | ||
| Q1 25 | $0.69 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.28 | — | ||
| Q2 24 | $0.72 | — | ||
| Q1 24 | $-1.26 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.1M | $8.8M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $3.7B | — |
| Total Assets | $15.5B | $183.2M |
| Debt / EquityLower = less leverage | 1.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | — | ||
| Q3 25 | $861.4M | $8.8M | ||
| Q2 25 | $535.1M | $650.0M | ||
| Q1 25 | $470.9M | $2.4M | ||
| Q4 24 | $525.6M | — | ||
| Q3 24 | $457.4M | $1.9M | ||
| Q2 24 | $277.5M | — | ||
| Q1 24 | $245.8M | $3.0M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.3B | $-7.2B | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.0B | — |
| Q4 25 | $15.5B | — | ||
| Q3 25 | $15.5B | $183.2M | ||
| Q2 25 | $15.3B | $7.2B | ||
| Q1 25 | $15.0B | $158.2M | ||
| Q4 24 | $12.7B | — | ||
| Q3 24 | $12.8B | $151.8M | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $12.7B | $145.6M |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.68× | — |
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 | $309.9M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $309.9M | — | ||
| Q3 25 | $416.8M | — | ||
| Q2 25 | $396.2M | — | ||
| Q1 25 | $162.8M | — | ||
| Q4 24 | $56.8M | — | ||
| Q3 24 | $236.5M | — | ||
| Q2 24 | $230.7M | — | ||
| Q1 24 | $59.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | 10.16× | — | ||
| Q2 25 | 4.03× | — | ||
| Q1 25 | 2.79× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 10.22× | — | ||
| Q2 24 | 3.90× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 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% |
