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

INGLES MARKETS INC is the larger business by last-quarter revenue ($1.4B vs $891.0M, roughly 1.5× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 2.0%, a 27.5% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 6.6%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $2.1M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 0.2%).

Ingles Markets, Inc. is an American supermarket chain based in Black Mountain, North Carolina. As of September 2021, the company operates 198 supermarkets in the Appalachian region of the Southeastern United States. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.

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.

IMKTA vs ZION — Head-to-Head

Bigger by revenue
IMKTA
IMKTA
1.5× larger
IMKTA
$1.4B
$891.0M
ZION
Growing faster (revenue YoY)
ZION
ZION
+2.1% gap
ZION
8.7%
6.6%
IMKTA
Higher net margin
ZION
ZION
27.5% more per $
ZION
29.5%
2.0%
IMKTA
More free cash flow
ZION
ZION
$949.9M more FCF
ZION
$952.0M
$2.1M
IMKTA
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
0.2%
IMKTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IMKTA
IMKTA
ZION
ZION
Revenue
$1.4B
$891.0M
Net Profit
$28.1M
$263.0M
Gross Margin
24.4%
Operating Margin
2.9%
Net Margin
2.0%
29.5%
Revenue YoY
6.6%
8.7%
Net Profit YoY
69.6%
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
IMKTA
IMKTA
ZION
ZION
Q4 25
$1.4B
$891.0M
Q3 25
$1.4B
$861.0M
Q2 25
$1.3B
$838.0M
Q1 25
$1.3B
$795.0M
Q4 24
$1.3B
$820.0M
Q3 24
$1.4B
$792.0M
Q2 24
$1.4B
$777.0M
Q1 24
$1.4B
$742.0M
Net Profit
IMKTA
IMKTA
ZION
ZION
Q4 25
$28.1M
$263.0M
Q3 25
$25.7M
$222.0M
Q2 25
$26.2M
$244.0M
Q1 25
$15.1M
$170.0M
Q4 24
$16.6M
$216.0M
Q3 24
$-1.5M
$214.0M
Q2 24
$31.7M
$201.0M
Q1 24
$31.9M
$153.0M
Gross Margin
IMKTA
IMKTA
ZION
ZION
Q4 25
24.4%
Q3 25
24.5%
Q2 25
24.3%
Q1 25
23.4%
Q4 24
23.4%
Q3 24
21.4%
Q2 24
23.7%
Q1 24
23.5%
Operating Margin
IMKTA
IMKTA
ZION
ZION
Q4 25
2.9%
Q3 25
2.6%
Q2 25
2.8%
Q1 25
1.6%
Q4 24
1.8%
Q3 24
-0.1%
Q2 24
3.2%
Q1 24
3.3%
Net Margin
IMKTA
IMKTA
ZION
ZION
Q4 25
2.0%
29.5%
Q3 25
1.9%
25.8%
Q2 25
1.9%
29.1%
Q1 25
1.1%
21.4%
Q4 24
1.3%
26.3%
Q3 24
-0.1%
27.0%
Q2 24
2.3%
25.9%
Q1 24
2.3%
20.6%
EPS (diluted)
IMKTA
IMKTA
ZION
ZION
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
Q1 24
$0.96

Balance Sheet & Financial Strength

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

Metric
IMKTA
IMKTA
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.6B
$7.2B
Total Assets
$2.6B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Total Debt
IMKTA
IMKTA
ZION
ZION
Q4 25
$1.5B
Q3 25
$514.8M
$1.5B
Q2 25
$970.0M
Q1 25
$964.0M
Q4 24
$950.0M
Q3 24
$532.6M
$548.0M
Q2 24
$546.0M
Q1 24
$544.0M
Stockholders' Equity
IMKTA
IMKTA
ZION
ZION
Q4 25
$1.6B
$7.2B
Q3 25
$1.6B
$6.9B
Q2 25
$1.6B
$6.6B
Q1 25
$1.6B
$6.3B
Q4 24
$1.6B
$6.1B
Q3 24
$1.5B
$6.4B
Q2 24
$1.6B
$6.0B
Q1 24
$1.5B
$5.8B
Total Assets
IMKTA
IMKTA
ZION
ZION
Q4 25
$2.6B
$89.0B
Q3 25
$2.6B
$88.5B
Q2 25
$2.5B
$88.9B
Q1 25
$2.5B
$88.0B
Q4 24
$2.5B
$88.8B
Q3 24
$2.5B
$87.0B
Q2 24
$2.5B
$87.6B
Q1 24
$2.5B
$87.1B
Debt / Equity
IMKTA
IMKTA
ZION
ZION
Q4 25
0.21×
Q3 25
0.32×
0.21×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.34×
0.09×
Q2 24
0.09×
Q1 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
IMKTA
IMKTA
ZION
ZION
Operating Cash FlowLast quarter
$38.4M
$1.1B
Free Cash FlowOCF − Capex
$2.1M
$952.0M
FCF MarginFCF / Revenue
0.1%
106.8%
Capex IntensityCapex / Revenue
2.6%
13.6%
Cash ConversionOCF / Net Profit
1.37×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$123.1M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMKTA
IMKTA
ZION
ZION
Q4 25
$38.4M
$1.1B
Q3 25
$59.9M
$438.0M
Q2 25
$74.8M
$-62.0M
Q1 25
$63.1M
$179.0M
Q4 24
$-43.6M
$1.1B
Q3 24
$73.3M
$119.0M
Q2 24
$103.3M
$251.0M
Q1 24
$70.4M
$261.0M
Free Cash Flow
IMKTA
IMKTA
ZION
ZION
Q4 25
$2.1M
$952.0M
Q3 25
$36.8M
$413.0M
Q2 25
$45.4M
$-93.0M
Q1 25
$38.9M
$152.0M
Q4 24
$-81.4M
$1.1B
Q3 24
$5.4M
$97.0M
Q2 24
$58.6M
$234.0M
Q1 24
$35.3M
$231.0M
FCF Margin
IMKTA
IMKTA
ZION
ZION
Q4 25
0.1%
106.8%
Q3 25
2.7%
48.0%
Q2 25
3.4%
-11.1%
Q1 25
2.9%
19.1%
Q4 24
-6.3%
128.2%
Q3 24
0.4%
12.2%
Q2 24
4.2%
30.1%
Q1 24
2.6%
31.1%
Capex Intensity
IMKTA
IMKTA
ZION
ZION
Q4 25
2.6%
13.6%
Q3 25
1.7%
2.9%
Q2 25
2.2%
3.7%
Q1 25
1.8%
3.4%
Q4 24
2.9%
11.8%
Q3 24
4.9%
2.8%
Q2 24
3.2%
2.2%
Q1 24
2.6%
4.0%
Cash Conversion
IMKTA
IMKTA
ZION
ZION
Q4 25
1.37×
4.08×
Q3 25
2.33×
1.97×
Q2 25
2.85×
-0.25×
Q1 25
4.17×
1.05×
Q4 24
-2.63×
5.31×
Q3 24
0.56×
Q2 24
3.26×
1.25×
Q1 24
2.21×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IMKTA
IMKTA

Grocery$502.1M37%
Perishables$359.7M26%
Non Foods$305.5M22%
Gasoline$152.1M11%
Other$53.6M4%

ZION
ZION

Segment breakdown not available.

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