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Side-by-side financial comparison of PACS Group, Inc. (PACS) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
PACS Group, 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 4.4%, a 25.1% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 8.7%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 9.6%).
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.
PACS vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $891.0M |
| Net Profit | $59.7M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 7.0% | — |
| Net Margin | 4.4% | 29.5% |
| Revenue YoY | 18.4% | 8.7% |
| Net Profit YoY | 3022.5% | 21.8% |
| EPS (diluted) | $0.42 | $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 | $1.4B | $891.0M | ||
| Q3 25 | $1.3B | $861.0M | ||
| Q2 25 | $1.3B | $838.0M | ||
| Q1 25 | $1.3B | $795.0M | ||
| Q4 24 | $1.1B | $820.0M | ||
| Q3 24 | $1.0B | $792.0M | ||
| Q2 24 | $981.4M | $777.0M | ||
| Q1 24 | $934.3M | $742.0M |
| Q4 25 | $59.7M | $263.0M | ||
| Q3 25 | $52.4M | $222.0M | ||
| Q2 25 | $51.0M | $244.0M | ||
| Q1 25 | $28.5M | $170.0M | ||
| Q4 24 | $1.9M | $216.0M | ||
| Q3 24 | $15.6M | $214.0M | ||
| Q2 24 | $-10.9M | $201.0M | ||
| Q1 24 | $49.1M | $153.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 8.6% | — |
| Q4 25 | 4.4% | 29.5% | ||
| Q3 25 | 3.9% | 25.8% | ||
| Q2 25 | 3.9% | 29.1% | ||
| Q1 25 | 2.2% | 21.4% | ||
| Q4 24 | 0.2% | 26.3% | ||
| Q3 24 | 1.5% | 27.0% | ||
| Q2 24 | -1.1% | 25.9% | ||
| Q1 24 | 5.3% | 20.6% |
| Q4 25 | $0.42 | $1.77 | ||
| Q3 25 | $0.32 | $1.48 | ||
| Q2 25 | $0.31 | $1.63 | ||
| Q1 25 | $0.17 | $1.13 | ||
| Q4 24 | $-0.03 | $1.34 | ||
| Q3 24 | $0.10 | $1.37 | ||
| Q2 24 | $-0.07 | $1.28 | ||
| Q1 24 | $0.38 | $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 | $197.0M | — |
| Total DebtLower is stronger | $353.2M | $1.5B |
| Stockholders' EquityBook value | $946.8M | $7.2B |
| Total Assets | $5.6B | $89.0B |
| Debt / EquityLower = less leverage | 0.37× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $197.0M | — | ||
| Q3 25 | $355.7M | — | ||
| Q2 25 | $294.2M | — | ||
| Q1 25 | $287.5M | — | ||
| Q4 24 | $157.7M | — | ||
| Q3 24 | $49.5M | — | ||
| Q2 24 | $73.4M | — | ||
| Q1 24 | $81.2M | — |
| Q4 25 | $353.2M | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | $411.9M | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | $946.8M | $7.2B | ||
| Q3 25 | $871.3M | $6.9B | ||
| Q2 25 | $806.8M | $6.6B | ||
| Q1 25 | $750.2M | $6.3B | ||
| Q4 24 | $709.6M | $6.1B | ||
| Q3 24 | $660.0M | $6.4B | ||
| Q2 24 | $572.1M | $6.0B | ||
| Q1 24 | $128.0M | $5.8B |
| Q4 25 | $5.6B | $89.0B | ||
| Q3 25 | $5.6B | $88.5B | ||
| Q2 25 | $5.5B | $88.9B | ||
| Q1 25 | $5.5B | $88.0B | ||
| Q4 24 | $5.2B | $88.8B | ||
| Q3 24 | $4.5B | $87.0B | ||
| Q2 24 | $3.9B | $87.6B | ||
| Q1 24 | $3.9B | $87.1B |
| Q4 25 | 0.37× | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 0.58× | 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 | $-3.4M | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | -0.06× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.4M | $1.1B | ||
| Q3 25 | $204.8M | $438.0M | ||
| Q2 25 | $52.6M | $-62.0M | ||
| Q1 25 | $150.2M | $179.0M | ||
| Q4 24 | $64.6M | $1.1B | ||
| Q3 24 | $209.2M | $119.0M | ||
| Q2 24 | $34.8M | $251.0M | ||
| Q1 24 | $58.8M | $261.0M |
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $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 |
| Q4 25 | — | 106.8% | ||
| Q3 25 | — | 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% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 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% |
| Q4 25 | -0.06× | 4.08× | ||
| Q3 25 | 3.91× | 1.97× | ||
| Q2 25 | 1.03× | -0.25× | ||
| Q1 25 | 5.28× | 1.05× | ||
| Q4 24 | 33.78× | 5.31× | ||
| Q3 24 | 13.39× | 0.56× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | 1.20× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
