VinFast Auto (VFS) Operating Margin (2022 - 2026)
VinFast Auto (VFS) posted quarterly Operating Margin of 98.92% for Q1 2026, down 2496.0% YoY from 4.13% in Q1 2025, and down 34.24% sequentially from 73.69% in Q4 2025.
VinFast Auto (VFS) Operating Margin (2022 - 2026) Analysis & Trends
VinFast Auto has disclosed Operating Margin across 5 years of filings, most recently posting 98.92% for Q1 2026.
- In Q1 2026, Operating Margin fell 2496.0% year-over-year to 98.92%; the TTM figure through Mar 2026 stood at 84.76% (up 2199.0% YoY), while the FY2025 annual figure was 22.01%, up 10385.0% from the prior year.
- Operating Margin declined to 98.92% in Q1 2026, from 73.69% in the prior quarter.
- Over the last five years, Operating Margin for VFS reached as high as 65.89% in Q3 2024 and fell as low as 559.12% in Q1 2023.
- The 5-year median for Operating Margin is 123.43% (2023), against an average of 174.3%.
- The widest YoY moves for Operating Margin: up 40543 bps in 2024, down 3108 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 287.11% in 2022, then surged by 57 bps to 123.42% in 2023, then fell by 17 bps to 144.59% in 2024, then soared by 49 bps to 73.69% in 2025, then sank by 34 bps to 98.92% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 98.92%, 73.69%, and 96.06% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 4.20% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 5.38% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 7.44% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -14.38% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | -63.79% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -13.05% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 39.11% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -98.92% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -350.30% |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 3.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -98.92% |
| Dec 31, 2025 | -73.69% |
| Sep 30, 2025 | -96.06% |
| Jun 30, 2025 | -78.99% |
| Mar 31, 2025 | -73.96% |
| Dec 31, 2024 | -144.59% |
| Sep 30, 2024 | -65.89% |
| Jun 30, 2024 | -154.51% |
| Mar 31, 2024 | -153.68% |
| Dec 31, 2023 | -123.42% |
| Sep 30, 2023 | -111.25% |
| Jun 30, 2023 | -123.44% |
| Mar 31, 2023 | -559.12% |
| Dec 31, 2022 | -287.11% |
| Sep 30, 2022 | -308.71% |
| Jun 30, 2022 | -335.55% |