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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $727.8M, roughly 1.2× ESAB Corp). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 7.5%, a 22.0% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 8.5%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $70.3M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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.
ESAB vs ZION — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $891.0M |
| Net Profit | $54.8M | $263.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 7.5% | 29.5% |
| Revenue YoY | 8.5% | 8.7% |
| Net Profit YoY | 2.1% | 21.8% |
| EPS (diluted) | $0.90 | $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.
| Q4 25 | $727.8M | $891.0M | ||
| Q3 25 | $715.6M | $861.0M | ||
| Q2 25 | $678.1M | $838.0M | ||
| Q1 25 | — | $795.0M | ||
| Q4 24 | $670.8M | $820.0M | ||
| Q3 24 | $673.3M | $792.0M | ||
| Q2 24 | $707.1M | $777.0M | ||
| Q1 24 | $689.7M | $742.0M |
| Q4 25 | $54.8M | $263.0M | ||
| Q3 25 | $66.9M | $222.0M | ||
| Q2 25 | $67.4M | $244.0M | ||
| Q1 25 | — | $170.0M | ||
| Q4 24 | $53.7M | $216.0M | ||
| Q3 24 | $68.2M | $214.0M | ||
| Q2 24 | $82.9M | $201.0M | ||
| Q1 24 | $60.0M | $153.0M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 16.0% | — |
| Q4 25 | 7.5% | 29.5% | ||
| Q3 25 | 9.3% | 25.8% | ||
| Q2 25 | 9.9% | 29.1% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | 8.0% | 26.3% | ||
| Q3 24 | 10.1% | 27.0% | ||
| Q2 24 | 11.7% | 25.9% | ||
| Q1 24 | 8.7% | 20.6% |
| Q4 25 | $0.90 | $1.77 | ||
| Q3 25 | $1.09 | $1.48 | ||
| Q2 25 | $1.10 | $1.63 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | $0.87 | $1.34 | ||
| Q3 24 | $1.11 | $1.37 | ||
| Q2 24 | $1.35 | $1.28 | ||
| Q1 24 | $0.98 | $0.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $218.2M | — |
| Total DebtLower is stronger | $1.3B | $1.5B |
| Stockholders' EquityBook value | $2.1B | $7.2B |
| Total Assets | $4.9B | $89.0B |
| Debt / EquityLower = less leverage | 0.63× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | — | ||
| Q2 25 | $291.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $249.4M | — | ||
| Q3 24 | $253.7M | — | ||
| Q2 24 | $228.5M | — | ||
| Q1 24 | $76.5M | — |
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.1B | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | $1.1B | $950.0M | ||
| Q3 24 | $1.1B | $548.0M | ||
| Q2 24 | $1.1B | $546.0M | ||
| Q1 24 | $992.8M | $544.0M |
| Q4 25 | $2.1B | $7.2B | ||
| Q3 25 | $2.1B | $6.9B | ||
| Q2 25 | $1.9B | $6.6B | ||
| Q1 25 | — | $6.3B | ||
| Q4 24 | $1.8B | $6.1B | ||
| Q3 24 | $1.8B | $6.4B | ||
| Q2 24 | $1.7B | $6.0B | ||
| Q1 24 | $1.6B | $5.8B |
| Q4 25 | $4.9B | $89.0B | ||
| Q3 25 | $4.4B | $88.5B | ||
| Q2 25 | $4.2B | $88.9B | ||
| Q1 25 | — | $88.0B | ||
| Q4 24 | $4.0B | $88.8B | ||
| Q3 24 | $4.1B | $87.0B | ||
| Q2 24 | $4.0B | $87.6B | ||
| Q1 24 | $3.8B | $87.1B |
| Q4 25 | 0.63× | 0.21× | ||
| Q3 25 | 0.51× | 0.21× | ||
| Q2 25 | 0.55× | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 0.60× | 0.16× | ||
| Q3 24 | 0.59× | 0.09× | ||
| Q2 24 | 0.63× | 0.09× | ||
| Q1 24 | 0.61× | 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 | $81.5M | $1.1B |
| Free Cash FlowOCF − Capex | $70.3M | $952.0M |
| FCF MarginFCF / Revenue | 9.7% | 106.8% |
| Capex IntensityCapex / Revenue | 1.5% | 13.6% |
| Cash ConversionOCF / Net Profit | 1.49× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $1.1B | ||
| Q3 25 | $46.6M | $438.0M | ||
| Q2 25 | $35.4M | $-62.0M | ||
| Q1 25 | — | $179.0M | ||
| Q4 24 | $126.9M | $1.1B | ||
| Q3 24 | $101.0M | $119.0M | ||
| Q2 24 | $83.0M | $251.0M | ||
| Q1 24 | $44.5M | $261.0M |
| Q4 25 | $70.3M | $952.0M | ||
| Q3 25 | $37.4M | $413.0M | ||
| Q2 25 | $28.1M | $-93.0M | ||
| Q1 25 | — | $152.0M | ||
| Q4 24 | $102.2M | $1.1B | ||
| Q3 24 | $90.4M | $97.0M | ||
| Q2 24 | $74.0M | $234.0M | ||
| Q1 24 | $37.1M | $231.0M |
| Q4 25 | 9.7% | 106.8% | ||
| Q3 25 | 5.2% | 48.0% | ||
| Q2 25 | 4.1% | -11.1% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | 15.2% | 128.2% | ||
| Q3 24 | 13.4% | 12.2% | ||
| Q2 24 | 10.5% | 30.1% | ||
| Q1 24 | 5.4% | 31.1% |
| Q4 25 | 1.5% | 13.6% | ||
| Q3 25 | 1.3% | 2.9% | ||
| Q2 25 | 1.1% | 3.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 3.7% | 11.8% | ||
| Q3 24 | 1.6% | 2.8% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 1.1% | 4.0% |
| Q4 25 | 1.49× | 4.08× | ||
| Q3 25 | 0.70× | 1.97× | ||
| Q2 25 | 0.53× | -0.25× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 2.36× | 5.31× | ||
| Q3 24 | 1.48× | 0.56× | ||
| Q2 24 | 1.00× | 1.25× | ||
| Q1 24 | 0.74× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
ZION
Segment breakdown not available.
