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Rivian Automotive, Inc. / DE vs VinFast Auto: revenue, profit, margins and growth compared

Rivian Automotive, Inc. / DE brought in $5.4B of revenue in fiscal 2025, VinFast Auto $1.8B in fiscal 2024. Revenue changed by +8.4% at Rivian Automotive, Inc. / DE and +54.7% at VinFast Auto on the year before, so VinFast Auto grew faster. Rivian Automotive, Inc. / DE kept -67.7% of its revenue as net profit, VinFast Auto -175.5%. Free cash flow was -$2.5B at Rivian Automotive, Inc. / DE and -$1.9B at VinFast Auto.

Side by side, latest fiscal year

RIVNVFS
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$5.4B$1.8B
Revenue growth+8.4%+54.7%
Net income-$3.6B-$3.2B
Net margin-67.7%-175.5%
Free cash flow-$2.5B-$1.9B
Free cash flow margin-46.2%-107.1%
Earnings per share (diluted)-$3.07-$1.40
Cash$3.6B$135.9M
Debt$4.4B$939.5M
Price to earningsn/an/a
Market value$22.4B$7.4B
Dividend yieldn/an/a
Rank by revenue in sector#117 of 451 · Industrials#228 of 451 · Industrials

Over the years

Revenue
RIVN FY2019: $0RIVN FY2021: $0RIVN FY2021: $55MRIVN FY2022: $1.7BRIVN FY2023: $4.4BRIVN FY2024: $5BRIVN FY2025: $5.4BVFS FY2023: $1.2BVFS FY2024: $1.8BFY19FY21FY22FY23FY24FY25
RIVN $5.4BVFS $1.8B
Net income
RIVN FY2019: -$426MRIVN FY2021: -$1BRIVN FY2021: -$4.7BRIVN FY2022: -$6.8BRIVN FY2023: -$5.4BRIVN FY2024: -$4.7BRIVN FY2025: -$3.6BVFS FY2023: -$2.4BVFS FY2024: -$3.2BFY19FY21FY22FY23FY24FY25
RIVN -$3.6BVFS -$3.2B
Net margin
RIVN FY2021: -8,523.6%RIVN FY2022: -407.2%RIVN FY2023: -122.5%RIVN FY2024: -95.5%RIVN FY2025: -67.7%VFS FY2023: -205.5%VFS FY2024: -175.5%FY21FY22FY23FY24FY25
RIVN -67.7%VFS -175.5%
Revenue growth
RIVN FY2022: +2,914.5%RIVN FY2023: +167.4%RIVN FY2024: +12.1%RIVN FY2025: +8.4%VFS FY2024: +54.7%FY22FY23FY24FY25
RIVN +8.4%VFS +54.7%
Free cash flow
RIVN FY2019: -$552MRIVN FY2021: -$1.8BRIVN FY2021: -$4.4BRIVN FY2022: -$6.4BRIVN FY2023: -$5.9BRIVN FY2024: -$2.9BRIVN FY2025: -$2.5BVFS FY2023: -$3.3BVFS FY2024: -$1.9BFY19FY21FY22FY23FY24FY25
RIVN -$2.5BVFS -$1.9B

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

Questions about Rivian Automotive, Inc. / DE and VinFast Auto

Which is bigger by revenue, Rivian Automotive, Inc. / DE or VinFast Auto?

Rivian Automotive, Inc. / DE is bigger by revenue: $5.4B in fiscal 2025, against $1.8B for VinFast Auto in fiscal 2024.

Which keeps more of its revenue as profit, Rivian Automotive, Inc. / DE or VinFast Auto?

Rivian Automotive, Inc. / DE had a net margin of -67.7% in fiscal 2025; VinFast Auto had -175.5% in fiscal 2024.

Which grew revenue faster, Rivian Automotive, Inc. / DE or VinFast Auto?

In their latest fiscal years revenue changed by +8.4% at Rivian Automotive, Inc. / DE 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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