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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) 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 $516.0M, roughly 1.7× ALLIANCE RESOURCE PARTNERS LP). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 2.1%, a 27.4% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -3.6%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $13.3M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -6.7%).

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

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.

ARLP vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.7× larger
ZION
$891.0M
$516.0M
ARLP
Growing faster (revenue YoY)
ZION
ZION
+12.3% gap
ZION
8.7%
-3.6%
ARLP
Higher net margin
ZION
ZION
27.4% more per $
ZION
29.5%
2.1%
ARLP
More free cash flow
ZION
ZION
$938.7M more FCF
ZION
$952.0M
$13.3M
ARLP
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-6.7%
ARLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARLP
ARLP
ZION
ZION
Revenue
$516.0M
$891.0M
Net Profit
$10.7M
$263.0M
Gross Margin
Operating Margin
4.2%
Net Margin
2.1%
29.5%
Revenue YoY
-3.6%
8.7%
Net Profit YoY
21.8%
EPS (diluted)
$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.

Revenue
ARLP
ARLP
ZION
ZION
Q1 26
$516.0M
Q4 25
$535.5M
$891.0M
Q3 25
$571.4M
$861.0M
Q2 25
$547.5M
$838.0M
Q1 25
$540.5M
$795.0M
Q4 24
$590.1M
$820.0M
Q3 24
$613.6M
$792.0M
Q2 24
$593.4M
$777.0M
Net Profit
ARLP
ARLP
ZION
ZION
Q1 26
$10.7M
Q4 25
$82.7M
$263.0M
Q3 25
$95.1M
$222.0M
Q2 25
$59.4M
$244.0M
Q1 25
$74.0M
$170.0M
Q4 24
$16.3M
$216.0M
Q3 24
$86.3M
$214.0M
Q2 24
$100.2M
$201.0M
Operating Margin
ARLP
ARLP
ZION
ZION
Q1 26
4.2%
Q4 25
18.2%
Q3 25
18.4%
Q2 25
16.2%
Q1 25
17.4%
Q4 24
2.6%
Q3 24
16.5%
Q2 24
19.8%
Net Margin
ARLP
ARLP
ZION
ZION
Q1 26
2.1%
Q4 25
15.4%
29.5%
Q3 25
16.6%
25.8%
Q2 25
10.9%
29.1%
Q1 25
13.7%
21.4%
Q4 24
2.8%
26.3%
Q3 24
14.1%
27.0%
Q2 24
16.9%
25.9%
EPS (diluted)
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
$1.77
Q3 25
$1.48
Q2 25
$1.63
Q1 25
$1.13
Q4 24
$1.34
Q3 24
$1.37
Q2 24
$1.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARLP
ARLP
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$7.2B
Total Assets
$2.9B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLP
ARLP
ZION
ZION
Q1 26
$28.9M
Q4 25
$71.2M
Q3 25
$94.5M
Q2 25
$55.0M
Q1 25
$81.3M
Q4 24
$137.0M
Q3 24
$195.4M
Q2 24
$203.7M
Total Debt
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$970.0M
Q1 25
$964.0M
Q4 24
$950.0M
Q3 24
$548.0M
Q2 24
$546.0M
Stockholders' Equity
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
$7.2B
Q3 25
$6.9B
Q2 25
$6.6B
Q1 25
$6.3B
Q4 24
$6.1B
Q3 24
$6.4B
Q2 24
$6.0B
Total Assets
ARLP
ARLP
ZION
ZION
Q1 26
$2.9B
Q4 25
$2.9B
$89.0B
Q3 25
$2.9B
$88.5B
Q2 25
$2.9B
$88.9B
Q1 25
$2.9B
$88.0B
Q4 24
$2.9B
$88.8B
Q3 24
$3.0B
$87.0B
Q2 24
$3.1B
$87.6B
Debt / Equity
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.09×
Q2 24
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
ARLP
ARLP
ZION
ZION
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
$13.3M
$952.0M
FCF MarginFCF / Revenue
2.6%
106.8%
Capex IntensityCapex / Revenue
18.5%
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$342.2M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
$143.9M
$1.1B
Q3 25
$209.9M
$438.0M
Q2 25
$151.7M
$-62.0M
Q1 25
$145.7M
$179.0M
Q4 24
$168.4M
$1.1B
Q3 24
$209.3M
$119.0M
Q2 24
$215.8M
$251.0M
Free Cash Flow
ARLP
ARLP
ZION
ZION
Q1 26
$13.3M
Q4 25
$99.1M
$952.0M
Q3 25
$145.2M
$413.0M
Q2 25
$84.7M
$-93.0M
Q1 25
$58.9M
$152.0M
Q4 24
$75.3M
$1.1B
Q3 24
$99.0M
$97.0M
Q2 24
$114.3M
$234.0M
FCF Margin
ARLP
ARLP
ZION
ZION
Q1 26
2.6%
Q4 25
18.5%
106.8%
Q3 25
25.4%
48.0%
Q2 25
15.5%
-11.1%
Q1 25
10.9%
19.1%
Q4 24
12.8%
128.2%
Q3 24
16.1%
12.2%
Q2 24
19.3%
30.1%
Capex Intensity
ARLP
ARLP
ZION
ZION
Q1 26
18.5%
Q4 25
8.4%
13.6%
Q3 25
11.3%
2.9%
Q2 25
12.2%
3.7%
Q1 25
16.1%
3.4%
Q4 24
15.8%
11.8%
Q3 24
18.0%
2.8%
Q2 24
17.1%
2.2%
Cash Conversion
ARLP
ARLP
ZION
ZION
Q1 26
Q4 25
1.74×
4.08×
Q3 25
2.21×
1.97×
Q2 25
2.55×
-0.25×
Q1 25
1.97×
1.05×
Q4 24
10.31×
5.31×
Q3 24
2.43×
0.56×
Q2 24
2.15×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARLP
ARLP

Coal sales$443.3M86%
Oil & gas royalties$41.3M8%
Other revenues$22.8M4%
Transportation revenues$8.6M2%
Tons Produced$8.0M2%
Mineral Interest Volumes (BOE)$1.0M0%

ZION
ZION

Segment breakdown not available.

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