VinFast Auto (VFS) Gross Margin (2022 - 2026)
VinFast Auto (VFS) recorded Gross Margin of -73.58% in the quarter ended Mar 31, 2026, down 33.66 percentage points from the prior quarter.
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Analysis
VinFast Auto (VFS) Gross Margin (2022 - 2026) Analysis & Trends
On a TTM basis, VinFast Auto's Gross Margin came in at -47.87% as of Mar 31, 2026; for the year ended Dec 31, 2025, it was -49.41%, up 19.19 percentage points from the prior year.
- Annual Gross Margin has a four-year change of +8.33 percentage points (years ended Dec 2021 to Dec 2025).
- Across earlier years, Gross Margin came in at -68.60% in the year ended Dec 31, 2024 (-19.43 pp), -49.17% in the year ended Dec 31, 2023 (+44.50 pp), -93.67% in the year ended Dec 31, 2022 (-35.93 pp) and -57.75% in the year ended Dec 31, 2021.
- The figure for the quarter ended Mar 31, 2026 is the lowest quarterly Gross Margin since the quarter ended Dec 31, 2024.
- On a year-over-year basis, Gross Margin rose in two of the last four quarters, with an average year-over-year change of +9.10 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 81.26 percentage points in the quarter ended Sep 30, 2023, against a drop of 105.70 percentage points in the quarter ended Mar 31, 2023 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,216.24 Bn | 1,042.27 Bn | 4.75 Bn | 16.83% |
| 2 | General Motors | 75.35 Bn | -31.16 Bn | 7.33 Bn | 15.26% |
| 3 | Ferrari | 69.70 Bn | 62.19 Bn | 1.18 Bn | 52.59% |
| 4 | Ford Motor | 48.22 Bn | -94.27 Bn | 6.08 Bn | 12.59% |
| 5 | Honda Motor | 44.40 Bn | -105.41 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 24.11 Bn | -382.39 Bn | 20.95 Bn | 24.69% |
| 7 | Magna International | 18.41 Bn | 12.44 Bn | 1.61 Bn | 14.68% |
| 8 | Rivian Automotive | 17.72 Bn | -5.59 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 12.89 Bn | -151.76 Bn | 5.55 Bn | 10.98% |
| 10 | VinFast Auto | 7.10 Bn | -773,456.52 Bn | -677,431.76 Bn | -73.58% |
Historic Data
Download Data
Historic 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 | -172.94% |
| Dec 31, 2022 | -82.63% |
| Sep 30, 2022 | -108.23% |
| Jun 30, 2022 | -73.40% |
| Mar 31, 2022 | -67.25% |
API Access
VinFast Auto Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VFS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VFS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VFS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();