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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $732.4M, roughly 1.2× Allegiant Travel CO). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 5.8%, a 23.7% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 9.6%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
ALGT vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $891.0M |
| Net Profit | $42.5M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | — |
| Net Margin | 5.8% | 29.5% |
| Revenue YoY | 4.8% | 8.7% |
| Net Profit YoY | 32.4% | 21.8% |
| EPS (diluted) | $2.30 | $1.77 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | $891.0M | ||
| Q3 25 | $494.1M | $861.0M | ||
| Q2 25 | $617.9M | $838.0M | ||
| Q1 25 | $616.8M | $795.0M | ||
| Q4 24 | $553.6M | $820.0M | ||
| Q3 24 | $489.0M | $792.0M | ||
| Q2 24 | $594.5M | $777.0M |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $263.0M | ||
| Q3 25 | $-43.6M | $222.0M | ||
| Q2 25 | $-65.2M | $244.0M | ||
| Q1 25 | $32.1M | $170.0M | ||
| Q4 24 | $-216.2M | $216.0M | ||
| Q3 24 | $-36.8M | $214.0M | ||
| Q2 24 | $13.7M | $201.0M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | -5.5% | — | ||
| Q2 25 | -10.9% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | -47.7% | — | ||
| Q3 24 | -5.4% | — | ||
| Q2 24 | 5.9% | — |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | 29.5% | ||
| Q3 25 | -8.8% | 25.8% | ||
| Q2 25 | -10.5% | 29.1% | ||
| Q1 25 | 5.2% | 21.4% | ||
| Q4 24 | -39.1% | 26.3% | ||
| Q3 24 | -7.5% | 27.0% | ||
| Q2 24 | 2.3% | 25.9% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $1.77 | ||
| Q3 25 | $-2.41 | $1.48 | ||
| Q2 25 | $-3.62 | $1.63 | ||
| Q1 25 | $1.73 | $1.13 | ||
| Q4 24 | $-12.12 | $1.34 | ||
| Q3 24 | $-2.05 | $1.37 | ||
| Q2 24 | $0.75 | $1.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | — |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | — | $7.2B |
| Total Assets | — | $89.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | — | ||
| Q3 25 | $956.7M | — | ||
| Q2 25 | $842.8M | — | ||
| Q1 25 | $878.6M | — | ||
| Q4 24 | $781.1M | — | ||
| Q3 24 | $759.3M | — | ||
| Q2 24 | $791.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $970.0M | ||
| Q1 25 | $1.7B | $964.0M | ||
| Q4 24 | $1.6B | $950.0M | ||
| Q3 24 | $1.8B | $548.0M | ||
| Q2 24 | $1.7B | $546.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.0B | $6.9B | ||
| Q2 25 | $1.1B | $6.6B | ||
| Q1 25 | $1.1B | $6.3B | ||
| Q4 24 | $1.1B | $6.1B | ||
| Q3 24 | $1.3B | $6.4B | ||
| Q2 24 | $1.3B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $89.0B | ||
| Q3 25 | $4.4B | $88.5B | ||
| Q2 25 | $4.4B | $88.9B | ||
| Q1 25 | $4.5B | $88.0B | ||
| Q4 24 | $4.4B | $88.8B | ||
| Q3 24 | $4.8B | $87.0B | ||
| Q2 24 | $4.9B | $87.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 0.21× | ||
| Q3 25 | 1.76× | 0.21× | ||
| Q2 25 | 1.68× | 0.15× | ||
| Q1 25 | 1.57× | 0.15× | ||
| Q4 24 | 1.48× | 0.16× | ||
| Q3 24 | 1.36× | 0.09× | ||
| Q2 24 | 1.30× | 0.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $1.1B | ||
| Q3 25 | $-6.1M | $438.0M | ||
| Q2 25 | $92.2M | $-62.0M | ||
| Q1 25 | $191.4M | $179.0M | ||
| Q4 24 | $84.4M | $1.1B | ||
| Q3 24 | $17.3M | $119.0M | ||
| Q2 24 | $68.9M | $251.0M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $952.0M | ||
| Q3 25 | $-121.7M | $413.0M | ||
| Q2 25 | $-10.5M | $-93.0M | ||
| Q1 25 | $116.9M | $152.0M | ||
| Q4 24 | $24.0M | $1.1B | ||
| Q3 24 | $-28.7M | $97.0M | ||
| Q2 24 | $7.0M | $234.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 106.8% | ||
| Q3 25 | -24.6% | 48.0% | ||
| Q2 25 | -1.7% | -11.1% | ||
| Q1 25 | 19.0% | 19.1% | ||
| Q4 24 | 4.3% | 128.2% | ||
| Q3 24 | -5.9% | 12.2% | ||
| Q2 24 | 1.2% | 30.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 13.6% | ||
| Q3 25 | 23.4% | 2.9% | ||
| Q2 25 | 16.6% | 3.7% | ||
| Q1 25 | 12.1% | 3.4% | ||
| Q4 24 | 10.9% | 11.8% | ||
| Q3 24 | 9.4% | 2.8% | ||
| Q2 24 | 10.4% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 4.08× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | 5.96× | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | 5.03× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
ZION
Segment breakdown not available.
