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Side-by-side financial comparison of VinFast Auto Ltd. (VFS) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $517.5M, roughly 1.4× WOLVERINE WORLD WIDE INC). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -2.8%, a 8.9% gap on every dollar of revenue.
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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
VFS vs WWW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $718.6M | $517.5M |
| Net Profit | $-20.0M | $31.8M |
| Gross Margin | — | 47.3% |
| Operating Margin | -96.1% | 9.7% |
| Net Margin | -2.8% | 6.1% |
| Revenue YoY | — | 25.5% |
| Net Profit YoY | — | 162.8% |
| EPS (diluted) | — | $0.37 |
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 | — | $517.5M | ||
| Q3 25 | $718.6M | $470.3M | ||
| Q2 25 | $663.0M | $474.2M | ||
| Q1 25 | $656.5M | $412.3M | ||
| Q4 24 | — | $494.7M | ||
| Q3 24 | $511.6M | $440.2M | ||
| Q2 24 | — | $425.2M | ||
| Q1 24 | $302.6M | $394.9M |
| Q1 26 | — | $31.8M | ||
| Q3 25 | $-20.0M | $25.1M | ||
| Q2 25 | $-51.8M | $26.8M | ||
| Q1 25 | $-26.1M | $12.1M | ||
| Q4 24 | — | $23.1M | ||
| Q3 24 | $-10.4M | $23.2M | ||
| Q2 24 | — | $13.8M | ||
| Q1 24 | $-618.3M | $-14.9M |
| Q1 26 | — | 47.3% | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | — | 47.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 45.9% |
| Q1 26 | — | 9.7% | ||
| Q3 25 | -96.1% | 8.4% | ||
| Q2 25 | -79.0% | 8.6% | ||
| Q1 25 | -74.0% | 4.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -65.9% | 7.9% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | -139.4% | -0.8% |
| Q1 26 | — | 6.1% | ||
| Q3 25 | -2.8% | 5.3% | ||
| Q2 25 | -7.8% | 5.7% | ||
| Q1 25 | -4.0% | 2.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | -2.0% | 5.3% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | -204.3% | -3.8% |
| Q1 26 | — | $0.37 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.8M | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | — | $408.0M |
| Total Assets | $183.2M | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | $8.8M | — | ||
| Q2 25 | $650.0M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $3.0M | — |
| Q1 26 | — | $621.7M | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M | ||
| Q1 24 | — | $856.9M |
| Q1 26 | — | $408.0M | ||
| Q3 25 | — | $376.7M | ||
| Q2 25 | $-7.2B | $344.0M | ||
| Q1 25 | — | $310.6M | ||
| Q4 24 | — | $312.9M | ||
| Q3 24 | — | $295.2M | ||
| Q2 24 | — | $262.1M | ||
| Q1 24 | — | $252.5M |
| Q1 26 | — | $1.7B | ||
| Q3 25 | $183.2M | $1.7B | ||
| Q2 25 | $7.2B | $1.8B | ||
| Q1 25 | $158.2M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $151.8M | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $145.6M | $1.9B |
| Q1 26 | — | 1.52× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× | ||
| Q1 24 | — | 3.39× |
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 | — | $146.2M |
| Free Cash FlowOCF − Capex | — | $145.6M |
| FCF MarginFCF / Revenue | — | 28.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $44.6M | ||
| Q1 25 | — | $-83.8M | ||
| Q4 24 | — | $82.4M | ||
| Q3 24 | — | $108.2M | ||
| Q2 24 | — | $26.7M | ||
| Q1 24 | — | $-37.2M |
| Q1 26 | — | $145.6M | ||
| Q3 25 | — | $30.1M | ||
| Q2 25 | — | $41.2M | ||
| Q1 25 | — | $-91.4M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $104.1M | ||
| Q2 24 | — | $23.7M | ||
| Q1 24 | — | $-42.3M |
| Q1 26 | — | 28.1% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | -22.2% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | -10.7% |
| Q1 26 | — | 0.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.3% |
| Q1 26 | — | 4.60× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
