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Side-by-side financial comparison of VinFast Auto Ltd. (VFS) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $490.7M, roughly 1.5× OLYMPIC STEEL INC). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs -2.8%, a 3.2% 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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
VFS vs ZEUS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $718.6M | $490.7M |
| Net Profit | $-20.0M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | -96.1% | 1.5% |
| Net Margin | -2.8% | 0.4% |
| Revenue YoY | — | 4.4% |
| Net Profit YoY | — | -21.2% |
| EPS (diluted) | — | $0.18 |
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 | $490.7M | ||
| Q2 25 | $663.0M | $496.5M | ||
| Q1 25 | $656.5M | $492.9M | ||
| Q4 24 | — | $418.8M | ||
| Q3 24 | $511.6M | $470.0M | ||
| Q2 24 | — | $526.3M | ||
| Q1 24 | $302.6M | $526.6M | ||
| Q4 23 | — | $489.4M |
| Q3 25 | $-20.0M | $2.2M | ||
| Q2 25 | $-51.8M | $5.2M | ||
| Q1 25 | $-26.1M | $2.5M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $-10.4M | $2.7M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | $-618.3M | $8.7M | ||
| Q4 23 | — | $7.4M |
| Q3 25 | -96.1% | 1.5% | ||
| Q2 25 | -79.0% | 2.3% | ||
| Q1 25 | -74.0% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | -65.9% | 1.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | -139.4% | 3.0% | ||
| Q4 23 | — | 2.7% |
| Q3 25 | -2.8% | 0.4% | ||
| Q2 25 | -7.8% | 1.1% | ||
| Q1 25 | -4.0% | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | -2.0% | 0.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | -204.3% | 1.7% | ||
| Q4 23 | — | 1.5% |
| Q3 25 | — | $0.18 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.23 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.75 | ||
| Q4 23 | — | $0.64 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | — | $579.1M |
| Total Assets | $183.2M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $8.8M | $7.5M | ||
| Q2 25 | $650.0M | $14.8M | ||
| Q1 25 | $2.4M | $13.3M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $1.9M | $11.1M | ||
| Q2 24 | — | $9.4M | ||
| Q1 24 | $3.0M | $10.3M | ||
| Q4 23 | — | $13.2M |
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $196.8M | ||
| Q4 23 | — | $190.2M |
| Q3 25 | — | $579.1M | ||
| Q2 25 | $-7.2B | $578.2M | ||
| Q1 25 | — | $574.2M | ||
| Q4 24 | — | $573.9M | ||
| Q3 24 | — | $570.6M | ||
| Q2 24 | — | $569.5M | ||
| Q1 24 | — | $563.0M | ||
| Q4 23 | — | $555.5M |
| Q3 25 | $183.2M | $1.1B | ||
| Q2 25 | $7.2B | $1.1B | ||
| Q1 25 | $158.2M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $151.8M | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $145.6M | $1.0B | ||
| Q4 23 | — | $984.8M |
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× | ||
| Q4 23 | — | 0.34× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-5.4M | ||
| Q2 25 | — | $15.5M | ||
| Q1 25 | — | $49.4M | ||
| Q4 24 | — | $14.6M | ||
| Q3 24 | — | $24.6M | ||
| Q2 24 | — | $-2.9M | ||
| Q1 24 | — | $-2.6M | ||
| Q4 23 | — | $54.2M |
| Q3 25 | — | $-12.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $40.6M | ||
| Q4 24 | — | $7.4M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $-11.3M | ||
| Q1 24 | — | $-7.4M | ||
| Q4 23 | — | $52.4M |
| Q3 25 | — | -2.6% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | -2.2% | ||
| Q1 24 | — | -1.4% | ||
| Q4 23 | — | 10.7% |
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.9% | ||
| Q4 23 | — | 0.4% |
| Q3 25 | — | -2.50× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | — | 9.01× | ||
| Q2 24 | — | -0.38× | ||
| Q1 24 | — | -0.30× | ||
| Q4 23 | — | 7.31× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
