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Side-by-side financial comparison of EnerSys (ENS) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.

EnerSys is the larger business by last-quarter revenue ($919.1M vs $891.0M, roughly 1.0× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 9.8%, a 19.7% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 1.4%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $171.3M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 0.5%).

EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.

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.

ENS vs ZION — Head-to-Head

Bigger by revenue
ENS
ENS
1.0× larger
ENS
$919.1M
$891.0M
ZION
Growing faster (revenue YoY)
ZION
ZION
+7.2% gap
ZION
8.7%
1.4%
ENS
Higher net margin
ZION
ZION
19.7% more per $
ZION
29.5%
9.8%
ENS
More free cash flow
ZION
ZION
$780.7M more FCF
ZION
$952.0M
$171.3M
ENS
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
0.5%
ENS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ENS
ENS
ZION
ZION
Revenue
$919.1M
$891.0M
Net Profit
$90.4M
$263.0M
Gross Margin
30.1%
Operating Margin
13.5%
Net Margin
9.8%
29.5%
Revenue YoY
1.4%
8.7%
Net Profit YoY
-21.3%
21.8%
EPS (diluted)
$2.40
$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
ENS
ENS
ZION
ZION
Q4 25
$919.1M
$891.0M
Q3 25
$951.3M
$861.0M
Q2 25
$893.0M
$838.0M
Q1 25
$974.8M
$795.0M
Q4 24
$906.2M
$820.0M
Q3 24
$883.7M
$792.0M
Q2 24
$852.9M
$777.0M
Q1 24
$910.7M
$742.0M
Net Profit
ENS
ENS
ZION
ZION
Q4 25
$90.4M
$263.0M
Q3 25
$68.4M
$222.0M
Q2 25
$57.5M
$244.0M
Q1 25
$96.5M
$170.0M
Q4 24
$114.8M
$216.0M
Q3 24
$82.3M
$214.0M
Q2 24
$70.1M
$201.0M
Q1 24
$60.9M
$153.0M
Gross Margin
ENS
ENS
ZION
ZION
Q4 25
30.1%
Q3 25
29.1%
Q2 25
28.4%
Q1 25
31.2%
Q4 24
32.9%
Q3 24
28.5%
Q2 24
27.9%
Q1 24
27.9%
Operating Margin
ENS
ENS
ZION
ZION
Q4 25
13.5%
Q3 25
9.7%
Q2 25
9.7%
Q1 25
13.5%
Q4 24
15.7%
Q3 24
11.2%
Q2 24
10.7%
Q1 24
8.9%
Net Margin
ENS
ENS
ZION
ZION
Q4 25
9.8%
29.5%
Q3 25
7.2%
25.8%
Q2 25
6.4%
29.1%
Q1 25
9.9%
21.4%
Q4 24
12.7%
26.3%
Q3 24
9.3%
27.0%
Q2 24
8.2%
25.9%
Q1 24
6.7%
20.6%
EPS (diluted)
ENS
ENS
ZION
ZION
Q4 25
$2.40
$1.77
Q3 25
$1.80
$1.48
Q2 25
$1.46
$1.63
Q1 25
$2.39
$1.13
Q4 24
$2.88
$1.34
Q3 24
$2.01
$1.37
Q2 24
$1.71
$1.28
Q1 24
$1.48
$0.96

Balance Sheet & Financial Strength

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

Metric
ENS
ENS
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$450.1M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.9B
$7.2B
Total Assets
$4.0B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENS
ENS
ZION
ZION
Q4 25
$450.1M
Q3 25
$388.6M
Q2 25
$346.7M
Q1 25
$343.1M
Q4 24
$463.2M
Q3 24
$407.9M
Q2 24
$344.1M
Q1 24
$333.3M
Total Debt
ENS
ENS
ZION
ZION
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$970.0M
Q1 25
$1.1B
$964.0M
Q4 24
$950.0M
Q3 24
$548.0M
Q2 24
$546.0M
Q1 24
$802.0M
$544.0M
Stockholders' Equity
ENS
ENS
ZION
ZION
Q4 25
$1.9B
$7.2B
Q3 25
$1.9B
$6.9B
Q2 25
$1.9B
$6.6B
Q1 25
$1.9B
$6.3B
Q4 24
$1.8B
$6.1B
Q3 24
$1.8B
$6.4B
Q2 24
$1.8B
$6.0B
Q1 24
$1.8B
$5.8B
Total Assets
ENS
ENS
ZION
ZION
Q4 25
$4.0B
$89.0B
Q3 25
$4.1B
$88.5B
Q2 25
$4.1B
$88.9B
Q1 25
$4.0B
$88.0B
Q4 24
$4.0B
$88.8B
Q3 24
$4.0B
$87.0B
Q2 24
$3.6B
$87.6B
Q1 24
$3.5B
$87.1B
Debt / Equity
ENS
ENS
ZION
ZION
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.15×
Q1 25
0.57×
0.15×
Q4 24
0.16×
Q3 24
0.09×
Q2 24
0.09×
Q1 24
0.46×
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
ENS
ENS
ZION
ZION
Operating Cash FlowLast quarter
$184.6M
$1.1B
Free Cash FlowOCF − Capex
$171.3M
$952.0M
FCF MarginFCF / Revenue
18.6%
106.8%
Capex IntensityCapex / Revenue
1.4%
13.6%
Cash ConversionOCF / Net Profit
2.04×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$441.3M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENS
ENS
ZION
ZION
Q4 25
$184.6M
$1.1B
Q3 25
$218.0M
$438.0M
Q2 25
$968.0K
$-62.0M
Q1 25
$135.2M
$179.0M
Q4 24
$81.1M
$1.1B
Q3 24
$33.6M
$119.0M
Q2 24
$10.4M
$251.0M
Q1 24
$261.0M
Free Cash Flow
ENS
ENS
ZION
ZION
Q4 25
$171.3M
$952.0M
Q3 25
$197.1M
$413.0M
Q2 25
$-32.1M
$-93.0M
Q1 25
$104.9M
$152.0M
Q4 24
$56.8M
$1.1B
Q3 24
$3.3M
$97.0M
Q2 24
$-25.7M
$234.0M
Q1 24
$231.0M
FCF Margin
ENS
ENS
ZION
ZION
Q4 25
18.6%
106.8%
Q3 25
20.7%
48.0%
Q2 25
-3.6%
-11.1%
Q1 25
10.8%
19.1%
Q4 24
6.3%
128.2%
Q3 24
0.4%
12.2%
Q2 24
-3.0%
30.1%
Q1 24
31.1%
Capex Intensity
ENS
ENS
ZION
ZION
Q4 25
1.4%
13.6%
Q3 25
2.2%
2.9%
Q2 25
3.7%
3.7%
Q1 25
3.1%
3.4%
Q4 24
2.7%
11.8%
Q3 24
3.4%
2.8%
Q2 24
4.2%
2.2%
Q1 24
4.0%
Cash Conversion
ENS
ENS
ZION
ZION
Q4 25
2.04×
4.08×
Q3 25
3.19×
1.97×
Q2 25
0.02×
-0.25×
Q1 25
1.40×
1.05×
Q4 24
0.71×
5.31×
Q3 24
0.41×
0.56×
Q2 24
0.15×
1.25×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENS
ENS

Energy Systems$399.5M43%
Motive Power$352.0M38%
Services$92.6M10%
Transferred Over Time$38.2M4%
Other$36.8M4%

ZION
ZION

Segment breakdown not available.

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