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Side-by-side financial comparison of VEON Ltd. (VEON) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $718.6M, roughly 1.5× VinFast Auto Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs -2.8%, a 58.7% gap on every dollar of revenue.
VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...
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.
VEON vs VFS — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $718.6M |
| Net Profit | $608.0M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 75.4% | -96.1% |
| Net Margin | 55.9% | -2.8% |
| Revenue YoY | 5.8% | — |
| Net Profit YoY | 583.1% | — |
| EPS (diluted) | $0.34 | — |
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.
| Q3 25 | — | $718.6M | ||
| Q2 25 | $1.1B | $663.0M | ||
| Q1 25 | — | $656.5M | ||
| Q3 24 | — | $511.6M | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | — | $302.6M | ||
| Q2 23 | $916.0M | — | ||
| Q2 22 | $957.0M | — |
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $608.0M | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q3 24 | — | $-10.4M | ||
| Q2 24 | $89.0M | — | ||
| Q1 24 | — | $-618.3M | ||
| Q2 23 | $271.0M | — | ||
| Q2 22 | $184.0M | — |
| Q3 25 | — | -96.1% | ||
| Q2 25 | 75.4% | -79.0% | ||
| Q1 25 | — | -74.0% | ||
| Q3 24 | — | -65.9% | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | — | -139.4% | ||
| Q2 23 | 26.4% | — | ||
| Q2 22 | 23.5% | — |
| Q3 25 | — | -2.8% | ||
| Q2 25 | 55.9% | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | — | -204.3% | ||
| Q2 23 | 29.6% | — | ||
| Q2 22 | 19.2% | — |
| Q3 25 | — | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | — | — | ||
| Q2 23 | $0.14 | — | ||
| Q2 22 | $0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | — |
| Total Assets | $8.5B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $8.8M | ||
| Q2 25 | $1.3B | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | $862.0M | — | ||
| Q1 24 | — | $3.0M | ||
| Q2 23 | $2.5B | — | ||
| Q2 22 | $2.3B | — |
| Q3 25 | — | — | ||
| Q2 25 | $1.5B | $-7.2B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | — | — | ||
| Q2 23 | $988.0M | — | ||
| Q2 22 | $1.6B | — |
| Q3 25 | — | $183.2M | ||
| Q2 25 | $8.5B | $7.2B | ||
| Q1 25 | — | $158.2M | ||
| Q3 24 | — | $151.8M | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | — | $145.6M | ||
| Q2 23 | $13.0B | — | ||
| Q2 22 | $17.7B | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VEON
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% |
