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Vietnamese electric-vehicle maker producing EVs (cars, scooters, buses) for Vietnam and expanding into Southeast Asia and the US, backed by conglomerate Vingroup.
Vietnamese electric-vehicle maker producing EVs (cars, scooters, buses) for Vietnam and expanding into Southeast Asia and the US, backed by conglomerate Vingroup.
Most sales are in Vietnam, where companies linked to Vingroup, including the Xanh SM taxi fleet, take a large share of cars; sales abroad are smaller and loss-making. Vingroup and its founder Pham Nhat Vuong control the company and have repeatedly funded losses. It listed on Nasdaq through a SPAC merger in 2023.
Moat: none (scale). Backed by Vingroup's domestic scale and distribution, but lacks a proven profitable model and global brand recognition.
Headquarters: Hai Phong, Vietnam · Founded: 2017 · Employees: 29,878
Size VinFast Auto (VFS) is a United States Consumer Discretionary company (Motor Vehicles) with a market value of $7.60B, the 918th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.25 on 6 Nov 2026.
Performance Over six months the shares fell 24.6%, against -15.4% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 73.9% over the last twelve months (peer median +5.8%); the operating margin is -86.4% (peer median 3.8%).
Valuation It trades at 2.4× enterprise value to sales against a peer median of 0.7× (4th most expensive of 21).
Short interest Short interest is 0.1% of the free float (15 Oct 2026).
Next results Next results expected around 20 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.22B | $3.47B | $1.77B | $1.16B | $0 |
| Revenue growth | — | +96% | +52% | — | — |
| Gross profit | -$2.36B | -$1.57B | -$1.23B | -$773M | $0 |
| EBITDA | -$3.19B | -$2.33B | -$1.25B | -$718M | -$3.29M |
| Net income | -$4.77B | -$3.82B | -$2.92B | -$3.33B | $12.0M |
| Free cash flow | -$2.82B | -$2.59B | -$1.94B | -$3.26B | -$2.12M |
| Capital expenditure | $951M | $884M | $1.10B | $1.67B | $0 |
| Total debt | $1.86B | $5.87B | $3.57B | $3.97B | $35,152 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| VinFast Auto VFS | $7.60B | -25% | +74% | -86% | 2.4× | n/a |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 1.0× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
| HyundaiMtr 005380.KS | $47.5B | -47% | +1% | 5% | 0.3× | n/a |
| Toyota Motor 7203.T | $251B | +10% | +7% | 7% | 1.4× | n/a |
| Kia 000270.KS | $28.3B | -34% | +8% | 7% | 0.3× | -12.9% |
| Honda Motor 7267.T | $45.2B | +45% | +4% | -1% | 0.7× | 18.2% |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 0.4× | -9.3% |
| Rivian Automotive RIVN | $19.9B | -4% | +11% | -53% | 3.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VFS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +1.3% | 6th highest of 21 |
| 6-month return | -24.6% | -15.4% | 8th lowest of 21 |
| Distance from 52-week high | -38.5% | -32.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +73.9% | +5.8% | highest of 21 |
| Operating margin | -86.4% | 3.8% | lowest of 21 |
| EV / Sales | 2.4× | 0.7× | 4th most expensive of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | 2.4× | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | 0.3× | n/a | n/a |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | 14.4× | n/a | n/a |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 1.0× | -7.8% | +8.9% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 1.7× | -3.9% | +34.5% |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 0.8× | 4.7% | +8.7% |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 2.9× | 11.8% | +14.0% |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 4.8× | 9.4% | +2.4% |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 0.5× | -14.5% | +150.7% |
| Guangzhou Automobile 2238.HK | Hong Kong | $6.28B | -27% | 0% | -17% | 0.3× | n/a | n/a |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 0.6× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 1.0× | 3.4% | +5.9% |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 0.5× | n/a | n/a |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | 0.9× | n/a | n/a |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 0.7× | n/a | n/a |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 0.8× | 4.2% | +11.5% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 1.4× | -10.0% | +13.8% |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 0.7× | n/a | n/a |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 0.4× | n/a | n/a |
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 0.5× | 7.4% | +0.9% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 0.3× | n/a | n/a |