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Side-by-side financial comparison of Legence Corp. (LGN) 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 $708.0M, roughly 1.3× Legence Corp.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -0.1%, a 29.6% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $137.4M).

Legence Corp is a leading sustainable building and decarbonization solution provider. It delivers energy efficiency optimization, building automation design, renewable energy integration, and low-carbon retrofit services for commercial, industrial, and institutional clients, with core operations across North America to help customers cut costs and reduce carbon footprints.

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.

LGN vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.3× larger
ZION
$891.0M
$708.0M
LGN
Growing faster (revenue YoY)
LGN
LGN
+17.6% gap
LGN
26.2%
8.7%
ZION
Higher net margin
ZION
ZION
29.6% more per $
ZION
29.5%
-0.1%
LGN
More free cash flow
ZION
ZION
$814.6M more FCF
ZION
$952.0M
$137.4M
LGN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LGN
LGN
ZION
ZION
Revenue
$708.0M
$891.0M
Net Profit
$-576.0K
$263.0M
Gross Margin
20.9%
Operating Margin
5.3%
Net Margin
-0.1%
29.5%
Revenue YoY
26.2%
8.7%
Net Profit YoY
46.8%
21.8%
EPS (diluted)
$-0.02
$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
LGN
LGN
ZION
ZION
Q4 25
$891.0M
Q3 25
$708.0M
$861.0M
Q2 25
$838.0M
Q1 25
$795.0M
Q4 24
$820.0M
Q3 24
$560.8M
$792.0M
Q2 24
$777.0M
Q1 24
$742.0M
Net Profit
LGN
LGN
ZION
ZION
Q4 25
$263.0M
Q3 25
$-576.0K
$222.0M
Q2 25
$244.0M
Q1 25
$170.0M
Q4 24
$216.0M
Q3 24
$-1.1M
$214.0M
Q2 24
$201.0M
Q1 24
$153.0M
Gross Margin
LGN
LGN
ZION
ZION
Q4 25
Q3 25
20.9%
Q2 25
Q1 25
Q4 24
Q3 24
21.1%
Q2 24
Q1 24
Operating Margin
LGN
LGN
ZION
ZION
Q4 25
Q3 25
5.3%
Q2 25
Q1 25
Q4 24
Q3 24
4.8%
Q2 24
Q1 24
Net Margin
LGN
LGN
ZION
ZION
Q4 25
29.5%
Q3 25
-0.1%
25.8%
Q2 25
29.1%
Q1 25
21.4%
Q4 24
26.3%
Q3 24
-0.2%
27.0%
Q2 24
25.9%
Q1 24
20.6%
EPS (diluted)
LGN
LGN
ZION
ZION
Q4 25
$1.77
Q3 25
$-0.02
$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
LGN
LGN
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$176.0M
Total DebtLower is stronger
$812.6M
$1.5B
Stockholders' EquityBook value
$387.9M
$7.2B
Total Assets
$2.6B
$89.0B
Debt / EquityLower = less leverage
2.10×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGN
LGN
ZION
ZION
Q4 25
Q3 25
$176.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
LGN
LGN
ZION
ZION
Q4 25
$1.5B
Q3 25
$812.6M
$1.5B
Q2 25
$970.0M
Q1 25
$964.0M
Q4 24
$950.0M
Q3 24
$548.0M
Q2 24
$546.0M
Q1 24
$544.0M
Stockholders' Equity
LGN
LGN
ZION
ZION
Q4 25
$7.2B
Q3 25
$387.9M
$6.9B
Q2 25
$6.6B
Q1 25
$6.3B
Q4 24
$6.1B
Q3 24
$6.4B
Q2 24
$6.0B
Q1 24
$5.8B
Total Assets
LGN
LGN
ZION
ZION
Q4 25
$89.0B
Q3 25
$2.6B
$88.5B
Q2 25
$88.9B
Q1 25
$88.0B
Q4 24
$88.8B
Q3 24
$87.0B
Q2 24
$87.6B
Q1 24
$87.1B
Debt / Equity
LGN
LGN
ZION
ZION
Q4 25
0.21×
Q3 25
2.10×
0.21×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
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
LGN
LGN
ZION
ZION
Operating Cash FlowLast quarter
$162.1M
$1.1B
Free Cash FlowOCF − Capex
$137.4M
$952.0M
FCF MarginFCF / Revenue
19.4%
106.8%
Capex IntensityCapex / Revenue
3.5%
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGN
LGN
ZION
ZION
Q4 25
$1.1B
Q3 25
$162.1M
$438.0M
Q2 25
$-62.0M
Q1 25
$179.0M
Q4 24
$1.1B
Q3 24
$119.0M
Q2 24
$251.0M
Q1 24
$261.0M
Free Cash Flow
LGN
LGN
ZION
ZION
Q4 25
$952.0M
Q3 25
$137.4M
$413.0M
Q2 25
$-93.0M
Q1 25
$152.0M
Q4 24
$1.1B
Q3 24
$97.0M
Q2 24
$234.0M
Q1 24
$231.0M
FCF Margin
LGN
LGN
ZION
ZION
Q4 25
106.8%
Q3 25
19.4%
48.0%
Q2 25
-11.1%
Q1 25
19.1%
Q4 24
128.2%
Q3 24
12.2%
Q2 24
30.1%
Q1 24
31.1%
Capex Intensity
LGN
LGN
ZION
ZION
Q4 25
13.6%
Q3 25
3.5%
2.9%
Q2 25
3.7%
Q1 25
3.4%
Q4 24
11.8%
Q3 24
2.8%
Q2 24
2.2%
Q1 24
4.0%
Cash Conversion
LGN
LGN
ZION
ZION
Q4 25
4.08×
Q3 25
1.97×
Q2 25
-0.25×
Q1 25
1.05×
Q4 24
5.31×
Q3 24
0.56×
Q2 24
1.25×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LGN
LGN

Installation And Fabrication$408.7M58%
Engineering And Design$110.9M16%
Program And Project Management$101.2M14%
Maintenance And Service$87.1M12%

ZION
ZION

Segment breakdown not available.

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