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Side-by-side financial comparison of TreeHouse Foods, Inc. (THS) 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 $840.3M, roughly 1.1× TreeHouse Foods, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -31.6%, a 61.1% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 0.1%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -3.9%).

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

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.

THS vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.1× larger
ZION
$891.0M
$840.3M
THS
Growing faster (revenue YoY)
ZION
ZION
+8.5% gap
ZION
8.7%
0.1%
THS
Higher net margin
ZION
ZION
61.1% more per $
ZION
29.5%
-31.6%
THS
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-3.9%
THS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
THS
THS
ZION
ZION
Revenue
$840.3M
$891.0M
Net Profit
$-265.8M
$263.0M
Gross Margin
18.8%
Operating Margin
-30.2%
Net Margin
-31.6%
29.5%
Revenue YoY
0.1%
8.7%
Net Profit YoY
-7717.6%
21.8%
EPS (diluted)
$-5.26
$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
THS
THS
ZION
ZION
Q4 25
$891.0M
Q3 25
$840.3M
$861.0M
Q2 25
$798.0M
$838.0M
Q1 25
$792.0M
$795.0M
Q4 24
$905.7M
$820.0M
Q3 24
$839.1M
$792.0M
Q2 24
$788.5M
$777.0M
Q1 24
$820.7M
$742.0M
Net Profit
THS
THS
ZION
ZION
Q4 25
$263.0M
Q3 25
$-265.8M
$222.0M
Q2 25
$-2.9M
$244.0M
Q1 25
$-31.8M
$170.0M
Q4 24
$58.7M
$216.0M
Q3 24
$-3.4M
$214.0M
Q2 24
$-16.7M
$201.0M
Q1 24
$-11.7M
$153.0M
Gross Margin
THS
THS
ZION
ZION
Q4 25
Q3 25
18.8%
Q2 25
17.4%
Q1 25
14.5%
Q4 24
19.5%
Q3 24
15.6%
Q2 24
16.3%
Q1 24
13.6%
Operating Margin
THS
THS
ZION
ZION
Q4 25
Q3 25
-30.2%
Q2 25
3.4%
Q1 25
-0.7%
Q4 24
8.9%
Q3 24
3.8%
Q2 24
-0.5%
Q1 24
-0.6%
Net Margin
THS
THS
ZION
ZION
Q4 25
29.5%
Q3 25
-31.6%
25.8%
Q2 25
-0.4%
29.1%
Q1 25
-4.0%
21.4%
Q4 24
6.5%
26.3%
Q3 24
-0.4%
27.0%
Q2 24
-2.1%
25.9%
Q1 24
-1.4%
20.6%
EPS (diluted)
THS
THS
ZION
ZION
Q4 25
$1.77
Q3 25
$-5.26
$1.48
Q2 25
$-0.06
$1.63
Q1 25
$-0.63
$1.13
Q4 24
$1.12
$1.34
Q3 24
$-0.07
$1.37
Q2 24
$-0.32
$1.28
Q1 24
$-0.22
$0.96

Balance Sheet & Financial Strength

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

Metric
THS
THS
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$21.0M
Total DebtLower is stronger
$1.5B
$1.5B
Stockholders' EquityBook value
$1.3B
$7.2B
Total Assets
$3.8B
$89.0B
Debt / EquityLower = less leverage
1.18×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THS
THS
ZION
ZION
Q4 25
Q3 25
$21.0M
Q2 25
$17.1M
Q1 25
$16.4M
Q4 24
$289.6M
Q3 24
$102.0M
Q2 24
$105.8M
Q1 24
$191.8M
Total Debt
THS
THS
ZION
ZION
Q4 25
$1.5B
Q3 25
$1.5B
$1.5B
Q2 25
$1.5B
$970.0M
Q1 25
$1.4B
$964.0M
Q4 24
$1.4B
$950.0M
Q3 24
$1.4B
$548.0M
Q2 24
$1.4B
$546.0M
Q1 24
$1.4B
$544.0M
Stockholders' Equity
THS
THS
ZION
ZION
Q4 25
$7.2B
Q3 25
$1.3B
$6.9B
Q2 25
$1.5B
$6.6B
Q1 25
$1.5B
$6.3B
Q4 24
$1.5B
$6.1B
Q3 24
$1.6B
$6.4B
Q2 24
$1.6B
$6.0B
Q1 24
$1.6B
$5.8B
Total Assets
THS
THS
ZION
ZION
Q4 25
$89.0B
Q3 25
$3.8B
$88.5B
Q2 25
$4.0B
$88.9B
Q1 25
$3.9B
$88.0B
Q4 24
$4.0B
$88.8B
Q3 24
$4.0B
$87.0B
Q2 24
$3.9B
$87.6B
Q1 24
$4.0B
$87.1B
Debt / Equity
THS
THS
ZION
ZION
Q4 25
0.21×
Q3 25
1.18×
0.21×
Q2 25
0.98×
0.15×
Q1 25
0.93×
0.15×
Q4 24
0.90×
0.16×
Q3 24
0.90×
0.09×
Q2 24
0.90×
0.09×
Q1 24
0.87×
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
THS
THS
ZION
ZION
Operating Cash FlowLast quarter
$38.2M
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THS
THS
ZION
ZION
Q4 25
$1.1B
Q3 25
$38.2M
$438.0M
Q2 25
$-47.2M
$-62.0M
Q1 25
$-53.5M
$179.0M
Q4 24
$296.2M
$1.1B
Q3 24
$41.4M
$119.0M
Q2 24
$-19.4M
$251.0M
Q1 24
$-52.4M
$261.0M
Free Cash Flow
THS
THS
ZION
ZION
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
$-42.2M
$234.0M
Q1 24
$-80.7M
$231.0M
FCF Margin
THS
THS
ZION
ZION
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
-5.4%
30.1%
Q1 24
-9.8%
31.1%
Capex Intensity
THS
THS
ZION
ZION
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
2.9%
2.2%
Q1 24
3.4%
4.0%
Cash Conversion
THS
THS
ZION
ZION
Q4 25
4.08×
Q3 25
1.97×
Q2 25
-0.25×
Q1 25
1.05×
Q4 24
5.05×
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.

Revenue Breakdown by Segment

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

ZION
ZION

Segment breakdown not available.

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