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Side-by-side financial comparison of TRUPANION, INC. (TRUP) 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 $376.9M, roughly 1.9× TRUPANION, INC.).
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
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.
TRUP vs VFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.9M | $718.6M |
| Net Profit | — | $-20.0M |
| Gross Margin | 17.3% | — |
| Operating Margin | 1.9% | -96.1% |
| Net Margin | — | -2.8% |
| Revenue YoY | 11.7% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.13 | — |
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 | $376.9M | — | ||
| Q3 25 | $366.9M | $718.6M | ||
| Q2 25 | $353.6M | $663.0M | ||
| Q1 25 | $342.0M | $656.5M | ||
| Q4 24 | $337.3M | — | ||
| Q3 24 | $327.5M | $511.6M | ||
| Q2 24 | $314.8M | — | ||
| Q1 24 | $306.1M | $302.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-10.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-618.3M |
| Q4 25 | 17.3% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 11.8% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | -96.1% | ||
| Q2 25 | 0.7% | -79.0% | ||
| Q1 25 | -0.4% | -74.0% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.5% | -65.9% | ||
| Q2 24 | -1.7% | — | ||
| Q1 24 | -2.0% | -139.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.8% | ||
| Q2 25 | — | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -204.3% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $370.7M | $8.8M |
| Total DebtLower is stronger | $101.8M | — |
| Stockholders' EquityBook value | $383.9M | — |
| Total Assets | $915.0M | $183.2M |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $370.7M | — | ||
| Q3 25 | $348.5M | $8.8M | ||
| Q2 25 | $319.6M | $650.0M | ||
| Q1 25 | $321.8M | $2.4M | ||
| Q4 24 | $307.4M | — | ||
| Q3 24 | $293.1M | $1.9M | ||
| Q2 24 | $277.2M | — | ||
| Q1 24 | $275.2M | $3.0M |
| Q4 25 | $101.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $127.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $383.9M | — | ||
| Q3 25 | $368.6M | — | ||
| Q2 25 | $355.5M | $-7.2B | ||
| Q1 25 | $333.7M | — | ||
| Q4 24 | $323.3M | — | ||
| Q3 24 | $320.2M | — | ||
| Q2 24 | $305.8M | — | ||
| Q1 24 | $303.4M | — |
| Q4 25 | $915.0M | — | ||
| Q3 25 | $880.2M | $183.2M | ||
| Q2 25 | $847.8M | $7.2B | ||
| Q1 25 | $837.2M | $158.2M | ||
| Q4 24 | $806.9M | — | ||
| Q3 24 | $816.1M | $151.8M | ||
| Q2 24 | $795.9M | — | ||
| Q1 24 | $789.5M | $145.6M |
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.3M | — |
| Free Cash FlowOCF − Capex | $25.3M | — |
| FCF MarginFCF / Revenue | 6.7% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $29.2M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $23.7M | — | ||
| Q3 24 | $15.3M | — | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $2.4M | — |
| Q4 25 | $25.3M | — | ||
| Q3 25 | $23.9M | — | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $14.0M | — | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $13.4M | — | ||
| Q2 24 | $4.0M | — | ||
| Q1 24 | $-631.0K | — |
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
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% |
