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

HERBALIFE LTD. is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.4× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 5.0%, a 24.5% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 7.8%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -2.3%).

Herbalife Nutrition Ltd., also called Herbalife International, Inc. or simply Herbalife, is an American multinational multi-level marketing (MLM) corporation that develops and sells dietary supplements. The company has been alleged to have fraudulently operated a pyramid scheme; under an SEC agreement in 2016 the compensation and other benefits were restructured to include tying distributor rewards to verifiable sales. Some products sold by Herbalife have caused acute hepatitis. The business...

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.

HLF vs ZION — Head-to-Head

Bigger by revenue
HLF
HLF
1.4× larger
HLF
$1.2B
$891.0M
ZION
Growing faster (revenue YoY)
ZION
ZION
+0.8% gap
ZION
8.7%
7.8%
HLF
Higher net margin
ZION
ZION
24.5% more per $
ZION
29.5%
5.0%
HLF
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-2.3%
HLF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HLF
HLF
ZION
ZION
Revenue
$1.2B
$891.0M
Net Profit
$61.2M
$263.0M
Gross Margin
84.0%
Operating Margin
11.3%
Net Margin
5.0%
29.5%
Revenue YoY
7.8%
8.7%
Net Profit YoY
21.4%
21.8%
EPS (diluted)
$0.57
$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
HLF
HLF
ZION
ZION
Q1 26
$1.2B
Q4 25
$1.3B
$891.0M
Q3 25
$1.3B
$861.0M
Q2 25
$1.3B
$838.0M
Q1 25
$1.2B
$795.0M
Q4 24
$1.2B
$820.0M
Q3 24
$1.2B
$792.0M
Q2 24
$1.3B
$777.0M
Net Profit
HLF
HLF
ZION
ZION
Q1 26
$61.2M
Q4 25
$85.4M
$263.0M
Q3 25
$43.2M
$222.0M
Q2 25
$49.3M
$244.0M
Q1 25
$50.4M
$170.0M
Q4 24
$177.9M
$216.0M
Q3 24
$47.4M
$214.0M
Q2 24
$4.7M
$201.0M
Gross Margin
HLF
HLF
ZION
ZION
Q1 26
84.0%
Q4 25
77.5%
Q3 25
77.7%
Q2 25
78.0%
Q1 25
78.3%
Q4 24
77.8%
Q3 24
78.3%
Q2 24
77.9%
Operating Margin
HLF
HLF
ZION
ZION
Q1 26
11.3%
Q4 25
7.8%
Q3 25
9.9%
Q2 25
10.5%
Q1 25
10.1%
Q4 24
8.8%
Q3 24
10.2%
Q2 24
6.3%
Net Margin
HLF
HLF
ZION
ZION
Q1 26
5.0%
Q4 25
6.7%
29.5%
Q3 25
3.4%
25.8%
Q2 25
3.9%
29.1%
Q1 25
4.1%
21.4%
Q4 24
14.7%
26.3%
Q3 24
3.8%
27.0%
Q2 24
0.4%
25.9%
EPS (diluted)
HLF
HLF
ZION
ZION
Q1 26
$0.57
Q4 25
$0.81
$1.77
Q3 25
$0.42
$1.48
Q2 25
$0.48
$1.63
Q1 25
$0.49
$1.13
Q4 24
$1.75
$1.34
Q3 24
$0.46
$1.37
Q2 24
$0.05
$1.28

Balance Sheet & Financial Strength

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

Metric
HLF
HLF
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$451.2M
Total DebtLower is stronger
$2.0B
$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
HLF
HLF
ZION
ZION
Q1 26
$451.2M
Q4 25
$353.1M
Q3 25
$305.5M
Q2 25
$320.9M
Q1 25
$329.4M
Q4 24
$415.3M
Q3 24
$402.5M
Q2 24
$374.0M
Total Debt
HLF
HLF
ZION
ZION
Q1 26
$2.0B
Q4 25
$2.0B
$1.5B
Q3 25
$2.0B
$1.5B
Q2 25
$2.1B
$970.0M
Q1 25
$2.2B
$964.0M
Q4 24
$2.3B
$950.0M
Q3 24
$2.3B
$548.0M
Q2 24
$2.3B
$546.0M
Stockholders' Equity
HLF
HLF
ZION
ZION
Q1 26
Q4 25
$-515.1M
$7.2B
Q3 25
$-612.0M
$6.9B
Q2 25
$-660.5M
$6.6B
Q1 25
$-736.0M
$6.3B
Q4 24
$-801.1M
$6.1B
Q3 24
$-954.2M
$6.4B
Q2 24
$-1.0B
$6.0B
Total Assets
HLF
HLF
ZION
ZION
Q1 26
$2.9B
Q4 25
$2.8B
$89.0B
Q3 25
$2.7B
$88.5B
Q2 25
$2.7B
$88.9B
Q1 25
$2.7B
$88.0B
Q4 24
$2.7B
$88.8B
Q3 24
$2.7B
$87.0B
Q2 24
$2.6B
$87.6B
Debt / Equity
HLF
HLF
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
HLF
HLF
ZION
ZION
Operating Cash FlowLast quarter
$113.8M
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
1.86×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLF
HLF
ZION
ZION
Q1 26
$113.8M
Q4 25
$98.3M
$1.1B
Q3 25
$138.8M
$438.0M
Q2 25
$96.0M
$-62.0M
Q1 25
$200.0K
$179.0M
Q4 24
$69.6M
$1.1B
Q3 24
$99.5M
$119.0M
Q2 24
$102.5M
$251.0M
Free Cash Flow
HLF
HLF
ZION
ZION
Q1 26
Q4 25
$79.8M
$952.0M
Q3 25
$118.0M
$413.0M
Q2 25
$73.2M
$-93.0M
Q1 25
$-18.1M
$152.0M
Q4 24
$43.9M
$1.1B
Q3 24
$72.4M
$97.0M
Q2 24
$66.2M
$234.0M
FCF Margin
HLF
HLF
ZION
ZION
Q1 26
Q4 25
6.2%
106.8%
Q3 25
9.3%
48.0%
Q2 25
5.8%
-11.1%
Q1 25
-1.5%
19.1%
Q4 24
3.6%
128.2%
Q3 24
5.8%
12.2%
Q2 24
5.2%
30.1%
Capex Intensity
HLF
HLF
ZION
ZION
Q1 26
Q4 25
1.4%
13.6%
Q3 25
1.6%
2.9%
Q2 25
1.8%
3.7%
Q1 25
1.5%
3.4%
Q4 24
2.1%
11.8%
Q3 24
2.2%
2.8%
Q2 24
2.8%
2.2%
Cash Conversion
HLF
HLF
ZION
ZION
Q1 26
1.86×
Q4 25
1.15×
4.08×
Q3 25
3.21×
1.97×
Q2 25
1.95×
-0.25×
Q1 25
0.00×
1.05×
Q4 24
0.39×
5.31×
Q3 24
2.10×
0.56×
Q2 24
21.81×
1.25×

Financial Flow Comparison

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

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