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Side-by-side financial comparison of TKO Group Holdings (TKO) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $891.0M, roughly 1.2× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -0.2%, a 29.7% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 8.7%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs 9.6%).
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
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.
TKO vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $891.0M |
| Net Profit | $-2.4M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | -0.2% | 29.5% |
| Revenue YoY | 61.6% | 8.7% |
| Net Profit YoY | -107.7% | 21.8% |
| EPS (diluted) | $-0.07 | $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 | $1.0B | $891.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $1.3B | $838.0M | ||
| Q1 25 | $1.3B | $795.0M | ||
| Q4 24 | $642.2M | $820.0M | ||
| Q3 24 | $681.3M | $792.0M | ||
| Q2 24 | $851.2M | $777.0M | ||
| Q1 24 | $629.7M | $742.0M |
| Q4 25 | $-2.4M | $263.0M | ||
| Q3 25 | $41.0M | $222.0M | ||
| Q2 25 | $98.4M | $244.0M | ||
| Q1 25 | $58.4M | $170.0M | ||
| Q4 24 | $31.0M | $216.0M | ||
| Q3 24 | $23.1M | $214.0M | ||
| Q2 24 | $59.1M | $201.0M | ||
| Q1 24 | $-103.8M | $153.0M |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | -33.4% | — |
| Q4 25 | -0.2% | 29.5% | ||
| Q3 25 | 3.7% | 25.8% | ||
| Q2 25 | 7.5% | 29.1% | ||
| Q1 25 | 4.6% | 21.4% | ||
| Q4 24 | 4.8% | 26.3% | ||
| Q3 24 | 3.4% | 27.0% | ||
| Q2 24 | 6.9% | 25.9% | ||
| Q1 24 | -16.5% | 20.6% |
| Q4 25 | $-0.07 | $1.77 | ||
| Q3 25 | $0.47 | $1.48 | ||
| Q2 25 | $1.17 | $1.63 | ||
| Q1 25 | $0.69 | $1.13 | ||
| Q4 24 | $0.28 | $1.34 | ||
| Q3 24 | $0.28 | $1.37 | ||
| Q2 24 | $0.72 | $1.28 | ||
| Q1 24 | $-1.26 | $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 | $831.1M | — |
| Total DebtLower is stronger | $3.8B | $1.5B |
| Stockholders' EquityBook value | $3.7B | $7.2B |
| Total Assets | $15.5B | $89.0B |
| Debt / EquityLower = less leverage | 1.01× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | — | ||
| Q3 25 | $861.4M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $470.9M | — | ||
| Q4 24 | $525.6M | — | ||
| Q3 24 | $457.4M | — | ||
| Q2 24 | $277.5M | — | ||
| Q1 24 | $245.8M | — |
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.7B | $1.5B | ||
| Q2 25 | $2.7B | $970.0M | ||
| Q1 25 | $2.8B | $964.0M | ||
| Q4 24 | $2.8B | $950.0M | ||
| Q3 24 | $2.7B | $548.0M | ||
| Q2 24 | $2.7B | $546.0M | ||
| Q1 24 | $2.7B | $544.0M |
| Q4 25 | $3.7B | $7.2B | ||
| Q3 25 | $3.8B | $6.9B | ||
| Q2 25 | $4.3B | $6.6B | ||
| Q1 25 | $4.2B | $6.3B | ||
| Q4 24 | $4.1B | $6.1B | ||
| Q3 24 | $4.0B | $6.4B | ||
| Q2 24 | $4.0B | $6.0B | ||
| Q1 24 | $4.0B | $5.8B |
| Q4 25 | $15.5B | $89.0B | ||
| Q3 25 | $15.5B | $88.5B | ||
| Q2 25 | $15.3B | $88.9B | ||
| Q1 25 | $15.0B | $88.0B | ||
| Q4 24 | $12.7B | $88.8B | ||
| Q3 24 | $12.8B | $87.0B | ||
| Q2 24 | $12.7B | $87.6B | ||
| Q1 24 | $12.7B | $87.1B |
| Q4 25 | 1.01× | 0.21× | ||
| Q3 25 | 0.98× | 0.21× | ||
| Q2 25 | 0.64× | 0.15× | ||
| Q1 25 | 0.66× | 0.15× | ||
| Q4 24 | 0.67× | 0.16× | ||
| Q3 24 | 0.67× | 0.09× | ||
| Q2 24 | 0.68× | 0.09× | ||
| Q1 24 | 0.68× | 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 | $309.9M | $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.
| Q4 25 | $309.9M | $1.1B | ||
| Q3 25 | $416.8M | $438.0M | ||
| Q2 25 | $396.2M | $-62.0M | ||
| Q1 25 | $162.8M | $179.0M | ||
| Q4 24 | $56.8M | $1.1B | ||
| Q3 24 | $236.5M | $119.0M | ||
| Q2 24 | $230.7M | $251.0M | ||
| Q1 24 | $59.3M | $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 | — | 4.08× | ||
| Q3 25 | 10.16× | 1.97× | ||
| Q2 25 | 4.03× | -0.25× | ||
| Q1 25 | 2.79× | 1.05× | ||
| Q4 24 | 1.83× | 5.31× | ||
| Q3 24 | 10.22× | 0.56× | ||
| Q2 24 | 3.90× | 1.25× | ||
| Q1 24 | — | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
ZION
Segment breakdown not available.
