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

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $891.0M, roughly 1.2× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 13.4%, a 16.2% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 8.7%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 1.5%).

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

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.

LNT vs ZION — Head-to-Head

Bigger by revenue
LNT
LNT
1.2× larger
LNT
$1.1B
$891.0M
ZION
Growing faster (revenue YoY)
LNT
LNT
+0.4% gap
LNT
9.0%
8.7%
ZION
Higher net margin
ZION
ZION
16.2% more per $
ZION
29.5%
13.4%
LNT
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LNT
LNT
ZION
ZION
Revenue
$1.1B
$891.0M
Net Profit
$142.0M
$263.0M
Gross Margin
85.9%
Operating Margin
18.4%
Net Margin
13.4%
29.5%
Revenue YoY
9.0%
8.7%
Net Profit YoY
-5.3%
21.8%
EPS (diluted)
$0.54
$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
LNT
LNT
ZION
ZION
Q4 25
$1.1B
$891.0M
Q3 25
$1.2B
$861.0M
Q2 25
$961.0M
$838.0M
Q1 25
$1.1B
$795.0M
Q4 24
$975.0M
$820.0M
Q3 24
$1.1B
$792.0M
Q2 24
$894.0M
$777.0M
Q1 24
$1.0B
$742.0M
Net Profit
LNT
LNT
ZION
ZION
Q4 25
$142.0M
$263.0M
Q3 25
$281.0M
$222.0M
Q2 25
$174.0M
$244.0M
Q1 25
$213.0M
$170.0M
Q4 24
$150.0M
$216.0M
Q3 24
$295.0M
$214.0M
Q2 24
$87.0M
$201.0M
Q1 24
$158.0M
$153.0M
Gross Margin
LNT
LNT
ZION
ZION
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
LNT
LNT
ZION
ZION
Q4 25
18.4%
Q3 25
28.8%
Q2 25
23.2%
Q1 25
22.8%
Q4 24
22.7%
Q3 24
29.0%
Q2 24
14.5%
Q1 24
21.5%
Net Margin
LNT
LNT
ZION
ZION
Q4 25
13.4%
29.5%
Q3 25
23.2%
25.8%
Q2 25
18.1%
29.1%
Q1 25
18.9%
21.4%
Q4 24
15.4%
26.3%
Q3 24
27.3%
27.0%
Q2 24
9.7%
25.9%
Q1 24
15.3%
20.6%
EPS (diluted)
LNT
LNT
ZION
ZION
Q4 25
$0.54
$1.77
Q3 25
$1.09
$1.48
Q2 25
$0.68
$1.63
Q1 25
$0.83
$1.13
Q4 24
$0.58
$1.34
Q3 24
$1.15
$1.37
Q2 24
$0.34
$1.28
Q1 24
$0.62
$0.96

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$556.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$7.3B
$7.2B
Total Assets
$25.0B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
ZION
ZION
Q4 25
$556.0M
Q3 25
$753.0M
Q2 25
$329.0M
Q1 25
$25.0M
Q4 24
$81.0M
Q3 24
$827.0M
Q2 24
$92.0M
Q1 24
$32.0M
Total Debt
LNT
LNT
ZION
ZION
Q4 25
$1.5B
Q3 25
$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
LNT
LNT
ZION
ZION
Q4 25
$7.3B
$7.2B
Q3 25
$7.3B
$6.9B
Q2 25
$7.1B
$6.6B
Q1 25
$7.1B
$6.3B
Q4 24
$7.0B
$6.1B
Q3 24
$7.0B
$6.4B
Q2 24
$6.8B
$6.0B
Q1 24
$6.8B
$5.8B
Total Assets
LNT
LNT
ZION
ZION
Q4 25
$25.0B
$89.0B
Q3 25
$24.6B
$88.5B
Q2 25
$23.8B
$88.9B
Q1 25
$22.9B
$88.0B
Q4 24
$22.7B
$88.8B
Q3 24
$22.8B
$87.0B
Q2 24
$21.8B
$87.6B
Q1 24
$21.2B
$87.1B
Debt / Equity
LNT
LNT
ZION
ZION
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×
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
LNT
LNT
ZION
ZION
Operating Cash FlowLast quarter
$269.0M
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
1.89×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
ZION
ZION
Q4 25
$269.0M
$1.1B
Q3 25
$408.0M
$438.0M
Q2 25
$243.0M
$-62.0M
Q1 25
$249.0M
$179.0M
Q4 24
$254.0M
$1.1B
Q3 24
$351.0M
$119.0M
Q2 24
$255.0M
$251.0M
Q1 24
$307.0M
$261.0M
Free Cash Flow
LNT
LNT
ZION
ZION
Q4 25
$952.0M
Q3 25
$-103.0M
$413.0M
Q2 25
$-179.0M
$-93.0M
Q1 25
$-305.0M
$152.0M
Q4 24
$1.1B
Q3 24
$-59.0M
$97.0M
Q2 24
$-137.0M
$234.0M
Q1 24
$-171.0M
$231.0M
FCF Margin
LNT
LNT
ZION
ZION
Q4 25
106.8%
Q3 25
-8.5%
48.0%
Q2 25
-18.6%
-11.1%
Q1 25
-27.0%
19.1%
Q4 24
128.2%
Q3 24
-5.5%
12.2%
Q2 24
-15.3%
30.1%
Q1 24
-16.6%
31.1%
Capex Intensity
LNT
LNT
ZION
ZION
Q4 25
13.6%
Q3 25
42.2%
2.9%
Q2 25
43.9%
3.7%
Q1 25
49.1%
3.4%
Q4 24
11.8%
Q3 24
37.9%
2.8%
Q2 24
43.8%
2.2%
Q1 24
46.4%
4.0%
Cash Conversion
LNT
LNT
ZION
ZION
Q4 25
1.89×
4.08×
Q3 25
1.45×
1.97×
Q2 25
1.40×
-0.25×
Q1 25
1.17×
1.05×
Q4 24
1.69×
5.31×
Q3 24
1.19×
0.56×
Q2 24
2.93×
1.25×
Q1 24
1.94×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

ZION
ZION

Segment breakdown not available.

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