VinFast Auto (VFS) Gross Margin (2022 - 2026)
VinFast Auto (VFS) posted quarterly Gross Margin of 73.58% for Q1 2026, down 3840.0% YoY from 1.97% in Q1 2025, and down 84.33% sequentially from 39.92% in Q4 2025.
VinFast Auto (VFS) Gross Margin (2022 - 2026) Analysis & Trends
VinFast Auto has disclosed Gross Margin across 5 years of filings, most recently posting 73.58% for Q1 2026.
- In Q1 2026, Gross Margin fell 3840.0% year-over-year to 73.58%; the TTM figure through Mar 2026 stood at 51.14% (down 61.0% YoY), while the FY2025 annual figure was 45.37%, up 1206.0% from the prior year.
- Gross Margin fell to 73.58% in Q1 2026, from 39.92% in the prior quarter.
- Over the last five years, Gross Margin for VFS reached as high as 24.0% in Q3 2024 and fell as low as 171.97% in Q1 2023.
- The 5-year median for Gross Margin is 57.42% (2024), against an average of 64.05%.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 11330 bps — and 2026, when it plunged 3840 bps.
- A 5-year view of Gross Margin shows it stood at 82.63% in 2022, then surged by 41 bps to 48.69% in 2023, then plunged by 63 bps to 79.13% in 2024, then soared by 50 bps to 39.92% in 2025, then slumped by 84 bps to 73.58% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 73.58%, 39.92%, and 56.17% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 21.08% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 18.36% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 10.98% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | 20.58% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 8.62% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | 7.87% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 19.03% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -73.58% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -110.35% |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 18.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -73.58% |
| Dec 31, 2025 | -39.92% |
| Sep 30, 2025 | -56.17% |
| Jun 30, 2025 | -41.09% |
| Mar 31, 2025 | -35.18% |
| Dec 31, 2024 | -79.13% |
| Sep 30, 2024 | -24.00% |
| Jun 30, 2024 | -62.70% |
| Mar 31, 2024 | -58.67% |
| Dec 31, 2023 | -48.69% |
| Sep 30, 2023 | -26.96% |
| Jun 30, 2023 | -42.47% |
| Mar 31, 2023 | -171.97% |
| Dec 31, 2022 | -82.63% |
| Sep 30, 2022 | -108.23% |
| Jun 30, 2022 | -73.40% |