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Side-by-side financial comparison of Microchip Technology (MCHP) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.3× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 5.3%, a 24.2% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $318.9M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -5.4%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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.
MCHP vs ZION — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $891.0M |
| Net Profit | $62.7M | $263.0M |
| Gross Margin | 59.6% | — |
| Operating Margin | 12.8% | — |
| Net Margin | 5.3% | 29.5% |
| Revenue YoY | 15.6% | 8.7% |
| Net Profit YoY | 217.0% | 21.8% |
| EPS (diluted) | $0.06 | $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 | $1.2B | $891.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $1.1B | $838.0M | ||
| Q1 25 | $970.5M | $795.0M | ||
| Q4 24 | $1.0B | $820.0M | ||
| Q3 24 | $1.2B | $792.0M | ||
| Q2 24 | $1.2B | $777.0M | ||
| Q1 24 | $1.3B | $742.0M |
| Q4 25 | $62.7M | $263.0M | ||
| Q3 25 | $41.7M | $222.0M | ||
| Q2 25 | $-18.6M | $244.0M | ||
| Q1 25 | $-154.6M | $170.0M | ||
| Q4 24 | $-53.6M | $216.0M | ||
| Q3 24 | $78.4M | $214.0M | ||
| Q2 24 | $129.3M | $201.0M | ||
| Q1 24 | $154.7M | $153.0M |
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | — | ||
| Q1 24 | 59.6% | — |
| Q4 25 | 12.8% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -10.3% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 17.7% | — | ||
| Q1 24 | 19.1% | — |
| Q4 25 | 5.3% | 29.5% | ||
| Q3 25 | 3.7% | 25.8% | ||
| Q2 25 | -1.7% | 29.1% | ||
| Q1 25 | -15.9% | 21.4% | ||
| Q4 24 | -5.2% | 26.3% | ||
| Q3 24 | 6.7% | 27.0% | ||
| Q2 24 | 10.4% | 25.9% | ||
| Q1 24 | 11.7% | 20.6% |
| Q4 25 | $0.06 | $1.77 | ||
| Q3 25 | $0.03 | $1.48 | ||
| Q2 25 | $-0.09 | $1.63 | ||
| Q1 25 | $-0.29 | $1.13 | ||
| Q4 24 | $-0.10 | $1.34 | ||
| Q3 24 | $0.14 | $1.37 | ||
| Q2 24 | $0.24 | $1.28 | ||
| Q1 24 | $0.29 | $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 | $250.7M | — |
| Total DebtLower is stronger | $5.4B | $1.5B |
| Stockholders' EquityBook value | $6.6B | $7.2B |
| Total Assets | $14.3B | $89.0B |
| Debt / EquityLower = less leverage | 0.82× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.7M | — | ||
| Q3 25 | $236.8M | — | ||
| Q2 25 | $566.5M | — | ||
| Q1 25 | $771.7M | — | ||
| Q4 24 | $586.0M | — | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $315.1M | — | ||
| Q1 24 | $319.7M | — |
| Q4 25 | $5.4B | $1.5B | ||
| Q3 25 | $5.4B | $1.5B | ||
| Q2 25 | $5.5B | $970.0M | ||
| Q1 25 | $5.6B | $964.0M | ||
| Q4 24 | $6.7B | $950.0M | ||
| Q3 24 | $6.4B | $548.0M | ||
| Q2 24 | $6.2B | $546.0M | ||
| Q1 24 | $6.0B | $544.0M |
| Q4 25 | $6.6B | $7.2B | ||
| Q3 25 | $6.7B | $6.9B | ||
| Q2 25 | $6.9B | $6.6B | ||
| Q1 25 | $7.1B | $6.3B | ||
| Q4 24 | $6.0B | $6.1B | ||
| Q3 24 | $6.3B | $6.4B | ||
| Q2 24 | $6.4B | $6.0B | ||
| Q1 24 | $6.7B | $5.8B |
| Q4 25 | $14.3B | $89.0B | ||
| Q3 25 | $14.5B | $88.5B | ||
| Q2 25 | $15.0B | $88.9B | ||
| Q1 25 | $15.4B | $88.0B | ||
| Q4 24 | $15.6B | $88.8B | ||
| Q3 24 | $15.6B | $87.0B | ||
| Q2 24 | $15.8B | $87.6B | ||
| Q1 24 | $15.9B | $87.1B |
| Q4 25 | 0.82× | 0.21× | ||
| Q3 25 | 0.80× | 0.21× | ||
| Q2 25 | 0.80× | 0.15× | ||
| Q1 25 | 0.80× | 0.15× | ||
| Q4 24 | 1.12× | 0.16× | ||
| Q3 24 | 1.02× | 0.09× | ||
| Q2 24 | 0.96× | 0.09× | ||
| Q1 24 | 0.90× | 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 | $341.4M | $1.1B |
| Free Cash FlowOCF − Capex | $318.9M | $952.0M |
| FCF MarginFCF / Revenue | 26.9% | 106.8% |
| Capex IntensityCapex / Revenue | 1.9% | 13.6% |
| Cash ConversionOCF / Net Profit | 5.44× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.4M | $1.1B | ||
| Q3 25 | $88.1M | $438.0M | ||
| Q2 25 | $275.6M | $-62.0M | ||
| Q1 25 | $205.9M | $179.0M | ||
| Q4 24 | $271.5M | $1.1B | ||
| Q3 24 | $43.6M | $119.0M | ||
| Q2 24 | $377.1M | $251.0M | ||
| Q1 24 | $430.0M | $261.0M |
| Q4 25 | $318.9M | $952.0M | ||
| Q3 25 | $51.6M | $413.0M | ||
| Q2 25 | $257.7M | $-93.0M | ||
| Q1 25 | $191.7M | $152.0M | ||
| Q4 24 | $253.4M | $1.1B | ||
| Q3 24 | $22.8M | $97.0M | ||
| Q2 24 | $304.2M | $234.0M | ||
| Q1 24 | $389.9M | $231.0M |
| Q4 25 | 26.9% | 106.8% | ||
| Q3 25 | 4.5% | 48.0% | ||
| Q2 25 | 24.0% | -11.1% | ||
| Q1 25 | 19.8% | 19.1% | ||
| Q4 24 | 24.7% | 128.2% | ||
| Q3 24 | 2.0% | 12.2% | ||
| Q2 24 | 24.5% | 30.1% | ||
| Q1 24 | 29.4% | 31.1% |
| Q4 25 | 1.9% | 13.6% | ||
| Q3 25 | 3.2% | 2.9% | ||
| Q2 25 | 1.7% | 3.7% | ||
| Q1 25 | 1.5% | 3.4% | ||
| Q4 24 | 1.8% | 11.8% | ||
| Q3 24 | 1.8% | 2.8% | ||
| Q2 24 | 5.9% | 2.2% | ||
| Q1 24 | 3.0% | 4.0% |
| Q4 25 | 5.44× | 4.08× | ||
| Q3 25 | 2.11× | 1.97× | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 0.56× | 0.56× | ||
| Q2 24 | 2.92× | 1.25× | ||
| Q1 24 | 2.78× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
ZION
Segment breakdown not available.
