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Gross Margin by Segment
Shows the percentage of revenue remaining after direct costs, segment by segment, indicating pricing power and cost efficiency in each business area.VinFast's gross margin for Vehicles showed improvement in Q3 2024, but Merchandise faced a severe drop, reflecting volatility. Despite challenges, the company exceeded delivery targets and expanded internationally, aiming for profitability in 2025. The earnings call highlighted a strategic focus on market expansion and cost reduction, although gross margin pressures persist due to high operating costs and accounting charges. The company's commitment to innovation and increased production capacity suggests potential for margin recovery, but macroeconomic uncertainties and tariff risks remain significant hurdles.
Date | Vehicles | Merchandise | Spare Parts & Components | Rendering of Services | Leasing Activities | Other |
|---|---|---|---|---|---|---|
Mar 31, 2026 | -80.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.00 |
Dec 31, 2025 | -43.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.00 |
Sep 30, 2025 | -65.00 | 2.70 | 64.00 | 42.00 | -3.00 | 0.00 |
Jun 30, 2025 | -50.00 | 4.00 | 68.00 | 29.00 | -58.00 | 0.00 |
Mar 31, 2025 | -40.00 | 1.60 | 60.00 | 43.00 | -57.00 | 0.00 |
Dec 31, 2024 | -88.00 | 103.00 | 79.00 | 12.00 | 5.00 | 0.00 |
Sep 30, 2024 | -27.00 | -106.00 | 63.00 | -125.00 | -178.00 | 0.00 |
Jun 30, 2024 | -70.00 | 17.00 | 45.00 | -61.00 | -169.00 | 0.00 |
Mar 31, 2024 | -55.00 | 1.00 | 35.00 | -71.00 | -198.00 | 0.00 |
Dec 31, 2023 | -44.00 | -4.00 | 10.00 | -121.00 | -161.00 | 0.00 |