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Side-by-side financial comparison of TIC Solutions, Inc. (TIC) 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 $508.3M, roughly 1.8× TIC Solutions, Inc.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -9.3%, a 38.8% gap on every dollar of revenue. ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $37.1M).
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.
TIC vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $508.3M | $891.0M |
| Net Profit | $-47.2M | $263.0M |
| Gross Margin | 35.2% | — |
| Operating Margin | -3.8% | — |
| Net Margin | -9.3% | 29.5% |
| Revenue YoY | — | 8.7% |
| Net Profit YoY | — | 21.8% |
| EPS (diluted) | — | $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 | $508.3M | $891.0M | ||
| Q3 25 | $473.9M | $861.0M | ||
| Q2 25 | $313.9M | $838.0M | ||
| Q1 25 | $234.2M | $795.0M | ||
| Q4 24 | — | $820.0M | ||
| Q3 24 | — | $792.0M | ||
| Q2 24 | — | $777.0M | ||
| Q1 24 | — | $742.0M |
| Q4 25 | $-47.2M | $263.0M | ||
| Q3 25 | $-13.9M | $222.0M | ||
| Q2 25 | $-233.0K | $244.0M | ||
| Q1 25 | $-25.8M | $170.0M | ||
| Q4 24 | — | $216.0M | ||
| Q3 24 | — | $214.0M | ||
| Q2 24 | — | $201.0M | ||
| Q1 24 | — | $153.0M |
| Q4 25 | 35.2% | — | ||
| Q3 25 | 32.2% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -3.8% | — | ||
| Q3 25 | -1.4% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -9.3% | 29.5% | ||
| Q3 25 | -2.9% | 25.8% | ||
| Q2 25 | -0.1% | 29.1% | ||
| Q1 25 | -11.0% | 21.4% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 25.9% | ||
| Q1 24 | — | 20.6% |
| Q4 25 | — | $1.77 | ||
| Q3 25 | $-0.08 | $1.48 | ||
| Q2 25 | — | $1.63 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.34 | ||
| Q3 24 | — | $1.37 | ||
| Q2 24 | — | $1.28 | ||
| Q1 24 | — | $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 | $439.5M | — |
| Total DebtLower is stronger | $1.6B | $1.5B |
| Stockholders' EquityBook value | $2.2B | $7.2B |
| Total Assets | $4.4B | $89.0B |
| Debt / EquityLower = less leverage | 0.74× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $439.5M | — | ||
| Q3 25 | $164.4M | — | ||
| Q2 25 | $130.1M | — | ||
| Q1 25 | $155.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $751.3M | $970.0M | ||
| Q1 25 | $752.4M | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | $2.2B | $7.2B | ||
| Q3 25 | $2.0B | $6.9B | ||
| Q2 25 | $1.2B | $6.6B | ||
| Q1 25 | $1.1B | $6.3B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $5.8B |
| Q4 25 | $4.4B | $89.0B | ||
| Q3 25 | $4.2B | $88.5B | ||
| Q2 25 | $2.2B | $88.9B | ||
| Q1 25 | $2.2B | $88.0B | ||
| Q4 24 | — | $88.8B | ||
| Q3 24 | — | $87.0B | ||
| Q2 24 | — | $87.6B | ||
| Q1 24 | — | $87.1B |
| Q4 25 | 0.74× | 0.21× | ||
| Q3 25 | 0.83× | 0.21× | ||
| Q2 25 | 0.64× | 0.15× | ||
| Q1 25 | 0.67× | 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 | $49.7M | $1.1B |
| Free Cash FlowOCF − Capex | $37.1M | $952.0M |
| FCF MarginFCF / Revenue | 7.3% | 106.8% |
| Capex IntensityCapex / Revenue | 2.5% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $61.3M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $1.1B | ||
| Q3 25 | $19.0M | $438.0M | ||
| Q2 25 | $-6.5M | $-62.0M | ||
| Q1 25 | $32.8M | $179.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $119.0M | ||
| Q2 24 | — | $251.0M | ||
| Q1 24 | — | $261.0M |
| Q4 25 | $37.1M | $952.0M | ||
| Q3 25 | $10.3M | $413.0M | ||
| Q2 25 | $-14.5M | $-93.0M | ||
| Q1 25 | $28.3M | $152.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $231.0M |
| Q4 25 | 7.3% | 106.8% | ||
| Q3 25 | 2.2% | 48.0% | ||
| Q2 25 | -4.6% | -11.1% | ||
| Q1 25 | 12.1% | 19.1% | ||
| Q4 24 | — | 128.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 30.1% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | 2.5% | 13.6% | ||
| Q3 25 | 1.8% | 2.9% | ||
| Q2 25 | 2.6% | 3.7% | ||
| Q1 25 | 1.9% | 3.4% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 4.0% |
| 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 | — | 1.25× | ||
| Q1 24 | — | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
ZION
Segment breakdown not available.
