VinFast Auto (VFS) Operating Margin (2022 - 2025)

VinFast Auto (VFS) reported Operating Margin of 22.01% for FY2025, up 70.25% year-over-year from 73.96% in FY2025.

VinFast Auto (VFS) Operating Margin (2022 - 2025) Analysis & Trends

VinFast Auto (VFS) has 4 years of Operating Margin data on file, last reported at 22.01% in FY2025.

  • Operating Margin for Q4 2025 came in at 73.69%, up 7090.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 79.19% (up 4666.0% YoY), and the FY2025 annual result was 22.01%, up 10385.0% from the prior year.
  • Operating Margin climbed to 22.01% in FY2025 per VFS's latest filing, from 73.96% in the prior year.
  • Over five years, Operating Margin peaked at 22.01% in FY2025 and troughed at 282.36% in FY2022.
  • A 4-year average of 130.94% and a median of 125.85% in 2024 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2024: Operating Margin soared 13184 bps in 2023, then jumped 2467 bps in 2024.
  • A 4-year view of Operating Margin shows it stood at 282.36% in 2022, then soared by 47 bps to 150.52% in 2023, then climbed by 16 bps to 125.85% in 2024, then surged by 83 bps to 22.01% in 2025.
  • Business Quant data shows VFS's Operating Margin at 22.01% in FY2025, 73.96% in FY2025, and 125.85% in FY2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Yr)
1 Tesla 1,297.09 Bn 1,252.41 Bn 4.72 Bn -
2 Toyota Motor 440.56 Bn 289.71 Bn 39.87 Bn 7.43%
3 Ferrari 75.26 Bn 73.46 Bn 1.09 Bn 29.52%
4 General Motors 72.40 Bn 50.02 Bn 4.32 Bn -
5 Ford Motor 56.05 Bn 25.60 Bn 7.94 Bn -
6 Rivian Automotive 20.65 Bn 15.84 Bn 119.00 Mn -
7 China Yuchai International 14.25 Bn 13.19 Bn 317.01 Mn 4.42%
8 VinFast Auto 7.11 Bn 10.11 Bn -15,731.99 Bn -22.01%
9 Digital Currency X Technology 4.89 Bn 4.89 Bn - -
10 Xpeng 4.49 Bn 1.59 Bn 388.90 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -22.01%
Mar 31, 2025 -73.96%
Dec 31, 2024 -125.85%
Dec 31, 2023 -150.52%
Dec 31, 2022 -282.36%