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Side-by-side financial comparison of Natera, Inc. (NTRA) 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 $665.5M, roughly 1.3× Natera, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 7.1%, a 22.4% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $37.8M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 9.6%).
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
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.
NTRA vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $665.5M | $891.0M |
| Net Profit | $47.3M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | -3.4% | — |
| Net Margin | 7.1% | 29.5% |
| Revenue YoY | 39.8% | 8.7% |
| Net Profit YoY | 187.9% | 21.8% |
| EPS (diluted) | $0.36 | $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 | $665.5M | $891.0M | ||
| Q3 25 | $592.2M | $861.0M | ||
| Q2 25 | $546.6M | $838.0M | ||
| Q1 25 | $501.8M | $795.0M | ||
| Q4 24 | $476.1M | $820.0M | ||
| Q3 24 | $439.8M | $792.0M | ||
| Q2 24 | $413.4M | $777.0M | ||
| Q1 24 | $367.7M | $742.0M |
| Q4 25 | $47.3M | $263.0M | ||
| Q3 25 | $-87.5M | $222.0M | ||
| Q2 25 | $-100.9M | $244.0M | ||
| Q1 25 | $-66.9M | $170.0M | ||
| Q4 24 | $-53.8M | $216.0M | ||
| Q3 24 | $-31.6M | $214.0M | ||
| Q2 24 | $-37.5M | $201.0M | ||
| Q1 24 | $-67.6M | $153.0M |
| Q4 25 | -3.4% | — | ||
| Q3 25 | -16.5% | — | ||
| Q2 25 | -20.2% | — | ||
| Q1 25 | -15.8% | — | ||
| Q4 24 | -13.6% | — | ||
| Q3 24 | -8.9% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -20.2% | — |
| Q4 25 | 7.1% | 29.5% | ||
| Q3 25 | -14.8% | 25.8% | ||
| Q2 25 | -18.5% | 29.1% | ||
| Q1 25 | -13.3% | 21.4% | ||
| Q4 24 | -11.3% | 26.3% | ||
| Q3 24 | -7.2% | 27.0% | ||
| Q2 24 | -9.1% | 25.9% | ||
| Q1 24 | -18.4% | 20.6% |
| Q4 25 | $0.36 | $1.77 | ||
| Q3 25 | $-0.64 | $1.48 | ||
| Q2 25 | $-0.74 | $1.63 | ||
| Q1 25 | $-0.50 | $1.13 | ||
| Q4 24 | $-0.41 | $1.34 | ||
| Q3 24 | $-0.26 | $1.37 | ||
| Q2 24 | $-0.30 | $1.28 | ||
| Q1 24 | $-0.56 | $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 | — | — |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $1.7B | $7.2B |
| Total Assets | $2.4B | $89.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $1.0M | — | ||
| Q2 25 | $16.0M | — | ||
| Q1 25 | $17.8M | — | ||
| Q4 24 | $22.7M | — | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $90.3M | — | ||
| Q1 24 | $69.1M | — |
| 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 |
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | $1.3B | $6.9B | ||
| Q2 25 | $1.2B | $6.6B | ||
| Q1 25 | $1.2B | $6.3B | ||
| Q4 24 | $1.2B | $6.1B | ||
| Q3 24 | $878.5M | $6.4B | ||
| Q2 24 | $836.5M | $6.0B | ||
| Q1 24 | $794.1M | $5.8B |
| Q4 25 | $2.4B | $89.0B | ||
| Q3 25 | $1.8B | $88.5B | ||
| Q2 25 | $1.8B | $88.9B | ||
| Q1 25 | $1.7B | $88.0B | ||
| Q4 24 | $1.7B | $88.8B | ||
| Q3 24 | $1.6B | $87.0B | ||
| Q2 24 | $1.5B | $87.6B | ||
| Q1 24 | $1.5B | $87.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.9M | $1.1B |
| Free Cash FlowOCF − Capex | $37.8M | $952.0M |
| FCF MarginFCF / Revenue | 5.7% | 106.8% |
| Capex IntensityCapex / Revenue | 5.4% | 13.6% |
| Cash ConversionOCF / Net Profit | 1.56× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $1.1B | ||
| Q3 25 | $59.4M | $438.0M | ||
| Q2 25 | $37.6M | $-62.0M | ||
| Q1 25 | $44.5M | $179.0M | ||
| Q4 24 | $52.9M | $1.1B | ||
| Q3 24 | $51.8M | $119.0M | ||
| Q2 24 | $4.0M | $251.0M | ||
| Q1 24 | $27.0M | $261.0M |
| Q4 25 | $37.8M | $952.0M | ||
| Q3 25 | $37.0M | $413.0M | ||
| Q2 25 | $11.7M | $-93.0M | ||
| Q1 25 | $22.6M | $152.0M | ||
| Q4 24 | $34.8M | $1.1B | ||
| Q3 24 | $35.5M | $97.0M | ||
| Q2 24 | $-7.7M | $234.0M | ||
| Q1 24 | $6.7M | $231.0M |
| Q4 25 | 5.7% | 106.8% | ||
| Q3 25 | 6.2% | 48.0% | ||
| Q2 25 | 2.1% | -11.1% | ||
| Q1 25 | 4.5% | 19.1% | ||
| Q4 24 | 7.3% | 128.2% | ||
| Q3 24 | 8.1% | 12.2% | ||
| Q2 24 | -1.9% | 30.1% | ||
| Q1 24 | 1.8% | 31.1% |
| Q4 25 | 5.4% | 13.6% | ||
| Q3 25 | 3.8% | 2.9% | ||
| Q2 25 | 4.7% | 3.7% | ||
| Q1 25 | 4.3% | 3.4% | ||
| Q4 24 | 3.8% | 11.8% | ||
| Q3 24 | 3.7% | 2.8% | ||
| Q2 24 | 2.8% | 2.2% | ||
| Q1 24 | 5.5% | 4.0% |
| Q4 25 | 1.56× | 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.
