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Side-by-side financial comparison of TTM TECHNOLOGIES INC (TTMI) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
TTM TECHNOLOGIES INC is the larger business by last-quarter revenue ($846.0M vs $718.6M, roughly 1.2× VinFast Auto Ltd.). TTM TECHNOLOGIES INC runs the higher net margin — 5.9% vs -2.8%, a 8.7% gap on every dollar of revenue.
TTM Technologies, Inc. is an American printed circuit board (PCB) manufacturer headquartered in Santa Ana, California. Founded in 1998, the company is one of the top five PCB manufacturers in the world and the largest in North America, and the largest supplier of PCBs to the U.S. military. TTM serves customers in industries including aerospace and defense, medical, industrial, automotive, computing, and networking.
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.
TTMI vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $846.0M | $718.6M |
| Net Profit | $50.0M | $-20.0M |
| Gross Margin | 21.4% | — |
| Operating Margin | 8.6% | -96.1% |
| Net Margin | 5.9% | -2.8% |
| Revenue YoY | 30.4% | — |
| Net Profit YoY | 55.3% | — |
| EPS (diluted) | — | — |
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.
| Q1 26 | $846.0M | — | ||
| Q4 25 | $774.3M | — | ||
| Q3 25 | $752.7M | $718.6M | ||
| Q2 25 | $730.6M | $663.0M | ||
| Q1 25 | $648.7M | $656.5M | ||
| Q4 24 | $651.0M | — | ||
| Q3 24 | $616.5M | $511.6M | ||
| Q2 24 | $570.1M | — |
| Q1 26 | $50.0M | — | ||
| Q4 25 | $50.7M | — | ||
| Q3 25 | $53.1M | $-20.0M | ||
| Q2 25 | $41.5M | $-51.8M | ||
| Q1 25 | $32.2M | $-26.1M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $14.3M | $-10.4M | ||
| Q2 24 | $10.5M | — |
| Q1 26 | 21.4% | — | ||
| Q4 25 | 21.4% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 21.1% | — | ||
| Q2 24 | 18.2% | — |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | 9.6% | -96.1% | ||
| Q2 25 | 8.5% | -79.0% | ||
| Q1 25 | 7.7% | -74.0% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 8.3% | -65.9% | ||
| Q2 24 | 3.0% | — |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.5% | — | ||
| Q3 25 | 7.0% | -2.8% | ||
| Q2 25 | 5.7% | -7.8% | ||
| Q1 25 | 5.0% | -4.0% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 2.3% | -2.0% | ||
| Q2 24 | 1.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $0.14 | — | ||
| Q2 24 | $0.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $410.0M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | — |
| Total Assets | $4.0B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $410.0M | — | ||
| Q4 25 | $501.2M | — | ||
| Q3 25 | $491.1M | $8.8M | ||
| Q2 25 | $448.0M | $650.0M | ||
| Q1 25 | $411.3M | $2.4M | ||
| Q4 24 | $503.9M | — | ||
| Q3 24 | $469.5M | $1.9M | ||
| Q2 24 | $440.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $916.2M | — | ||
| Q3 25 | $916.6M | — | ||
| Q2 25 | $917.1M | — | ||
| Q1 25 | $917.6M | — | ||
| Q4 24 | $914.4M | — | ||
| Q3 24 | $912.8M | — | ||
| Q2 24 | $913.9M | — |
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $-7.2B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | $183.2M | ||
| Q2 25 | $3.6B | $7.2B | ||
| Q1 25 | $3.5B | $158.2M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.4B | $151.8M | ||
| Q2 24 | $3.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TTMI
| Commercial | $495.0M | 59% |
| Aerospace & Defense | $351.7M | 42% |
| Medical, Industrial, and Instrumentation | $16.0K | 0% |
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% |
