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Paccar vs VinFast Auto: revenue, profit, margins and growth compared

Paccar brought in $28.4B of revenue in fiscal 2025, VinFast Auto $1.8B in fiscal 2024. Revenue changed by -15.5% at Paccar and +54.7% at VinFast Auto on the year before, so VinFast Auto grew faster. Paccar kept 8.4% of its revenue as net profit, VinFast Auto -175.5%. Free cash flow was $3.7B at Paccar and -$1.9B at VinFast Auto.

Side by side, latest fiscal year

PCARVFS
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$28.4B$1.8B
Revenue growth-15.5%+54.7%
Net income$2.4B-$3.2B
Net margin8.4%-175.5%
Free cash flow$3.7B-$1.9B
Free cash flow margin12.9%-107.1%
Earnings per share (diluted)$4.51-$1.40
Cashn/a$135.9M
Debtn/a$939.5M
Price to earnings24.7n/a
Market value$58.6B$7.4B
Dividend yield2.44%n/a
Rank by revenue in sector#24 of 451 · Industrials#228 of 451 · Industrials

Over the years

Revenue
PCAR FY2018: $23.5BPCAR FY2019: $25.6BPCAR FY2020: $18.7BPCAR FY2021: $23.5BPCAR FY2022: $28.8BPCAR FY2023: $35.1BPCAR FY2024: $33.7BPCAR FY2025: $28.4BVFS FY2023: $1.2BVFS FY2024: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
PCAR $28.4BVFS $1.8B
Net income
PCAR FY2018: $2.2BPCAR FY2019: $2.4BPCAR FY2020: $1.3BPCAR FY2021: $1.9BPCAR FY2022: $3BPCAR FY2023: $4.6BPCAR FY2024: $4.2BPCAR FY2025: $2.4BVFS FY2023: -$2.4BVFS FY2024: -$3.2BFY18FY19FY20FY21FY22FY23FY24FY25
PCAR $2.4BVFS -$3.2B
Net margin
PCAR FY2018: 9.3%PCAR FY2019: 9.3%PCAR FY2020: 6.9%PCAR FY2021: 7.9%PCAR FY2022: 10.4%PCAR FY2023: 13.1%PCAR FY2024: 12.4%PCAR FY2025: 8.4%VFS FY2023: -205.5%VFS FY2024: -175.5%FY18FY19FY20FY21FY22FY23FY24FY25
PCAR 8.4%VFS -175.5%
Revenue growth
PCAR FY2019: +9.0%PCAR FY2020: -26.8%PCAR FY2021: +25.6%PCAR FY2022: +22.5%PCAR FY2023: +21.9%PCAR FY2024: -4.2%PCAR FY2025: -15.5%VFS FY2024: +54.7%FY19FY20FY21FY22FY23FY24FY25
PCAR -15.5%VFS +54.7%
Free cash flow
PCAR FY2018: $2.5BPCAR FY2019: $2.3BPCAR FY2020: $2.4BPCAR FY2021: $1.6BPCAR FY2022: $2.5BPCAR FY2023: $3.5BPCAR FY2024: $3.8BPCAR FY2025: $3.7BVFS FY2023: -$3.3BVFS FY2024: -$1.9BFY18FY19FY20FY21FY22FY23FY24FY25
PCAR $3.7BVFS -$1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Paccar and VinFast Auto

Which is bigger by revenue, Paccar or VinFast Auto?

Paccar is bigger by revenue: $28.4B in fiscal 2025, against $1.8B for VinFast Auto in fiscal 2024.

Which keeps more of its revenue as profit, Paccar or VinFast Auto?

Paccar had a net margin of 8.4% in fiscal 2025; VinFast Auto had -175.5% in fiscal 2024.

Which grew revenue faster, Paccar or VinFast Auto?

In their latest fiscal years revenue changed by -15.5% at Paccar and +54.7% at VinFast Auto.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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