VinFast Auto (VFS) Gross Margin (2022 - 2026)
VinFast Auto (VFS) posted quarterly Gross Margin of 73.58% for Q1 2026, down 3840.0% year-over-year from 1.97% in Q1 2025, and down 84.33% quarter-over-quarter from 39.92% in Q4 2025.
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VinFast Auto (VFS) Gross Margin (2022 - 2026) Analysis & Trends
VinFast Auto (VFS) has reported Gross Margin for 5 consecutive years, with 73.58% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 3840.0% year-over-year to 73.58%; the TTM figure through Mar 2026 stood at 47.86% (up 547.0% YoY), while the FY2025 annual figure was 45.37%, up 1206.0% from the prior year.
- Gross Margin retreated to 73.58% in Q1 2026 per VFS's latest filing, from 39.92% in the prior quarter.
- Across five years, Gross Margin topped out at 26.96% in Q3 2023 and bottomed at 171.97% in Q1 2023.
- Historically, Gross Margin has averaged 64.49% across 5 years, with a median of 53.68% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 11330 bps — and 2026, when it slumped 3840 bps.
- VinFast Auto's Gross Margin stood at 82.63% in 2022, then soared by 41 bps to 48.69% in 2023, then tumbled by 63 bps to 79.13% in 2024, then jumped by 50 bps to 39.92% in 2025, then sank by 84 bps to 73.58% in 2026.
- Business Quant data shows VFS's Gross Margin at 73.58% in Q1 2026, 39.92% in Q4 2025, and 44.55% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,151.92 Bn | 1,108.39 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 255.99 Bn | 127.54 Bn | 12.27 Bn | 16.11% |
| 3 | Honda Motor | 129.45 Bn | 89.32 Bn | 8.46 Bn | 22.24% |
| 4 | Ford Motor | 80.26 Bn | 48.92 Bn | 6.08 Bn | 12.59% |
| 5 | General Motors | 76.22 Bn | 51.50 Bn | 7.33 Bn | 15.26% |
| 6 | Ferrari | 73.68 Bn | 71.93 Bn | 1.18 Bn | 52.59% |
| 7 | Rivian Automotive | 20.68 Bn | 15.37 Bn | 179.00 Mn | 10.80% |
| 8 | Stellantis | 15.20 Bn | -26.25 Bn | 5.55 Bn | 10.98% |
| 9 | Li Auto | 12.07 Bn | -504.83 Mn | 417.98 Mn | 11.05% |
| 10 | VinFast Auto | 7.30 Bn | 7.30 Bn | -17,004.89 Bn | -73.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -73.58% |
| Dec 31, 2025 | -39.92% |
| Sep 30, 2025 | -44.55% |
| Jun 30, 2025 | -41.09% |
| Mar 31, 2025 | -35.18% |
| Dec 31, 2024 | -79.13% |
| Sep 30, 2024 | -44.41% |
| Jun 30, 2024 | -60.97% |
| Mar 31, 2024 | -58.67% |
| Dec 31, 2023 | -48.69% |
| Sep 30, 2023 | -26.96% |
| Jun 30, 2023 | -42.47% |
| Mar 31, 2023 | -172.94% |
| Dec 31, 2022 | -82.63% |
| Sep 30, 2022 | -108.23% |
| Jun 30, 2022 | -73.40% |