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Side-by-side financial comparison of Rackspace Technology, Inc. (RXT) 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 $682.8M, roughly 1.3× Rackspace Technology, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -4.8%, a 34.3% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -0.4%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $56.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -0.6%).

Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Reston, Virginia, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, Toronto and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shangh...

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.

RXT vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.3× larger
ZION
$891.0M
$682.8M
RXT
Growing faster (revenue YoY)
ZION
ZION
+9.1% gap
ZION
8.7%
-0.4%
RXT
Higher net margin
ZION
ZION
34.3% more per $
ZION
29.5%
-4.8%
RXT
More free cash flow
ZION
ZION
$896.0M more FCF
ZION
$952.0M
$56.0M
RXT
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-0.6%
RXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RXT
RXT
ZION
ZION
Revenue
$682.8M
$891.0M
Net Profit
$-32.7M
$263.0M
Gross Margin
17.6%
Operating Margin
-0.5%
Net Margin
-4.8%
29.5%
Revenue YoY
-0.4%
8.7%
Net Profit YoY
41.6%
21.8%
EPS (diluted)
$-0.13
$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
RXT
RXT
ZION
ZION
Q4 25
$682.8M
$891.0M
Q3 25
$671.2M
$861.0M
Q2 25
$666.3M
$838.0M
Q1 25
$665.4M
$795.0M
Q4 24
$685.6M
$820.0M
Q3 24
$675.8M
$792.0M
Q2 24
$684.9M
$777.0M
Q1 24
$690.8M
$742.0M
Net Profit
RXT
RXT
ZION
ZION
Q4 25
$-32.7M
$263.0M
Q3 25
$-67.1M
$222.0M
Q2 25
$-54.5M
$244.0M
Q1 25
$-71.5M
$170.0M
Q4 24
$-56.0M
$216.0M
Q3 24
$-186.6M
$214.0M
Q2 24
$25.0M
$201.0M
Q1 24
$-640.6M
$153.0M
Gross Margin
RXT
RXT
ZION
ZION
Q4 25
17.6%
Q3 25
19.4%
Q2 25
19.4%
Q1 25
19.1%
Q4 24
19.2%
Q3 24
20.3%
Q2 24
19.2%
Q1 24
19.2%
Operating Margin
RXT
RXT
ZION
ZION
Q4 25
-0.5%
Q3 25
-5.1%
Q2 25
-3.8%
Q1 25
-5.8%
Q4 24
-4.2%
Q3 24
-25.7%
Q2 24
-7.9%
Q1 24
-94.5%
Net Margin
RXT
RXT
ZION
ZION
Q4 25
-4.8%
29.5%
Q3 25
-10.0%
25.8%
Q2 25
-8.2%
29.1%
Q1 25
-10.7%
21.4%
Q4 24
-8.2%
26.3%
Q3 24
-27.6%
27.0%
Q2 24
3.7%
25.9%
Q1 24
-92.7%
20.6%
EPS (diluted)
RXT
RXT
ZION
ZION
Q4 25
$-0.13
$1.77
Q3 25
$-0.28
$1.48
Q2 25
$-0.23
$1.63
Q1 25
$-0.31
$1.13
Q4 24
$-0.20
$1.34
Q3 24
$-0.82
$1.37
Q2 24
$0.11
$1.28
Q1 24
$-2.91
$0.96

Balance Sheet & Financial Strength

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

Metric
RXT
RXT
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$105.8M
Total DebtLower is stronger
$2.7B
$1.5B
Stockholders' EquityBook value
$-1.2B
$7.2B
Total Assets
$2.8B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RXT
RXT
ZION
ZION
Q4 25
$105.8M
Q3 25
$99.5M
Q2 25
$103.9M
Q1 25
$128.0M
Q4 24
$144.0M
Q3 24
$157.1M
Q2 24
$190.2M
Q1 24
$282.6M
Total Debt
RXT
RXT
ZION
ZION
Q4 25
$2.7B
$1.5B
Q3 25
$2.8B
$1.5B
Q2 25
$2.8B
$970.0M
Q1 25
$2.8B
$964.0M
Q4 24
$2.8B
$950.0M
Q3 24
$2.8B
$548.0M
Q2 24
$2.9B
$546.0M
Q1 24
$3.0B
$544.0M
Stockholders' Equity
RXT
RXT
ZION
ZION
Q4 25
$-1.2B
$7.2B
Q3 25
$-1.2B
$6.9B
Q2 25
$-1.1B
$6.6B
Q1 25
$-1.1B
$6.3B
Q4 24
$-1.0B
$6.1B
Q3 24
$-949.7M
$6.4B
Q2 24
$-756.2M
$6.0B
Q1 24
$-787.2M
$5.8B
Total Assets
RXT
RXT
ZION
ZION
Q4 25
$2.8B
$89.0B
Q3 25
$2.8B
$88.5B
Q2 25
$2.9B
$88.9B
Q1 25
$3.0B
$88.0B
Q4 24
$3.1B
$88.8B
Q3 24
$3.1B
$87.0B
Q2 24
$3.4B
$87.6B
Q1 24
$3.5B
$87.1B
Debt / Equity
RXT
RXT
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
RXT
RXT
ZION
ZION
Operating Cash FlowLast quarter
$59.7M
$1.1B
Free Cash FlowOCF − Capex
$56.0M
$952.0M
FCF MarginFCF / Revenue
8.2%
106.8%
Capex IntensityCapex / Revenue
0.5%
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$90.6M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RXT
RXT
ZION
ZION
Q4 25
$59.7M
$1.1B
Q3 25
$70.7M
$438.0M
Q2 25
$8.4M
$-62.0M
Q1 25
$12.6M
$179.0M
Q4 24
$54.3M
$1.1B
Q3 24
$51.8M
$119.0M
Q2 24
$24.1M
$251.0M
Q1 24
$-90.3M
$261.0M
Free Cash Flow
RXT
RXT
ZION
ZION
Q4 25
$56.0M
$952.0M
Q3 25
$42.7M
$413.0M
Q2 25
$-12.4M
$-93.0M
Q1 25
$4.3M
$152.0M
Q4 24
$34.4M
$1.1B
Q3 24
$27.3M
$97.0M
Q2 24
$-14.5M
$234.0M
Q1 24
$-118.4M
$231.0M
FCF Margin
RXT
RXT
ZION
ZION
Q4 25
8.2%
106.8%
Q3 25
6.4%
48.0%
Q2 25
-1.9%
-11.1%
Q1 25
0.6%
19.1%
Q4 24
5.0%
128.2%
Q3 24
4.0%
12.2%
Q2 24
-2.1%
30.1%
Q1 24
-17.1%
31.1%
Capex Intensity
RXT
RXT
ZION
ZION
Q4 25
0.5%
13.6%
Q3 25
4.2%
2.9%
Q2 25
3.1%
3.7%
Q1 25
1.2%
3.4%
Q4 24
2.9%
11.8%
Q3 24
3.6%
2.8%
Q2 24
5.6%
2.2%
Q1 24
4.1%
4.0%
Cash Conversion
RXT
RXT
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
0.96×
1.25×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RXT
RXT

Public Cloud Services Segment$442.2M65%
Private Cloud Service Segment$240.6M35%

ZION
ZION

Segment breakdown not available.

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