vs
Side-by-side financial comparison of VIASAT INC (VSAT) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.3× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 2.2%, a 27.4% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 3.0%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 0.3%).
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
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.
VSAT vs ZION — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $891.0M |
| Net Profit | $25.0M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 2.3% | — |
| Net Margin | 2.2% | 29.5% |
| Revenue YoY | 3.0% | 8.7% |
| Net Profit YoY | 115.8% | 21.8% |
| EPS (diluted) | $0.18 | $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 | $1.2B | $891.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $1.2B | $838.0M | ||
| Q1 25 | $1.1B | $795.0M | ||
| Q4 24 | $1.1B | $820.0M | ||
| Q3 24 | $1.1B | $792.0M | ||
| Q2 24 | $1.1B | $777.0M | ||
| Q1 24 | $1.2B | $742.0M |
| Q4 25 | $25.0M | $263.0M | ||
| Q3 25 | $-61.4M | $222.0M | ||
| Q2 25 | $-56.4M | $244.0M | ||
| Q1 25 | $-246.1M | $170.0M | ||
| Q4 24 | $-158.4M | $216.0M | ||
| Q3 24 | $-137.6M | $214.0M | ||
| Q2 24 | $-32.9M | $201.0M | ||
| Q1 24 | $-100.3M | $153.0M |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | -13.4% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | -2.2% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 2.2% | 29.5% | ||
| Q3 25 | -5.4% | 25.8% | ||
| Q2 25 | -4.8% | 29.1% | ||
| Q1 25 | -21.5% | 21.4% | ||
| Q4 24 | -14.1% | 26.3% | ||
| Q3 24 | -12.3% | 27.0% | ||
| Q2 24 | -2.9% | 25.9% | ||
| Q1 24 | -8.7% | 20.6% |
| Q4 25 | $0.18 | $1.77 | ||
| Q3 25 | $-0.45 | $1.48 | ||
| Q2 25 | $-0.43 | $1.63 | ||
| Q1 25 | $-1.92 | $1.13 | ||
| Q4 24 | $-1.23 | $1.34 | ||
| Q3 24 | $-1.07 | $1.37 | ||
| Q2 24 | $-0.26 | $1.28 | ||
| Q1 24 | $-1.14 | $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 | $1.3B | — |
| Total DebtLower is stronger | $6.2B | $1.5B |
| Stockholders' EquityBook value | $4.6B | $7.2B |
| Total Assets | $14.9B | $89.0B |
| Debt / EquityLower = less leverage | 1.37× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $6.2B | $1.5B | ||
| Q3 25 | $6.5B | $1.5B | ||
| Q2 25 | $6.5B | $970.0M | ||
| Q1 25 | $6.5B | $964.0M | ||
| Q4 24 | $6.5B | $950.0M | ||
| Q3 24 | $6.4B | $548.0M | ||
| Q2 24 | $7.1B | $546.0M | ||
| Q1 24 | $7.1B | $544.0M |
| Q4 25 | $4.6B | $7.2B | ||
| Q3 25 | $4.5B | $6.9B | ||
| Q2 25 | $4.6B | $6.6B | ||
| Q1 25 | $4.6B | $6.3B | ||
| Q4 24 | $4.8B | $6.1B | ||
| Q3 24 | $4.9B | $6.4B | ||
| Q2 24 | $5.0B | $6.0B | ||
| Q1 24 | $5.0B | $5.8B |
| Q4 25 | $14.9B | $89.0B | ||
| Q3 25 | $14.8B | $88.5B | ||
| Q2 25 | $14.9B | $88.9B | ||
| Q1 25 | $15.4B | $88.0B | ||
| Q4 24 | $15.6B | $88.8B | ||
| Q3 24 | $17.8B | $87.0B | ||
| Q2 24 | $16.1B | $87.6B | ||
| Q1 24 | $16.3B | $87.1B |
| Q4 25 | 1.37× | 0.21× | ||
| Q3 25 | 1.44× | 0.21× | ||
| Q2 25 | 1.43× | 0.15× | ||
| Q1 25 | 1.43× | 0.15× | ||
| Q4 24 | 1.37× | 0.16× | ||
| Q3 24 | 1.30× | 0.09× | ||
| Q2 24 | 1.42× | 0.09× | ||
| Q1 24 | 1.42× | 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 | $726.9M | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 29.11× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $726.9M | $1.1B | ||
| Q3 25 | $282.2M | $438.0M | ||
| Q2 25 | $258.5M | $-62.0M | ||
| Q1 25 | $298.4M | $179.0M | ||
| Q4 24 | $219.5M | $1.1B | ||
| Q3 24 | $239.2M | $119.0M | ||
| Q2 24 | $151.1M | $251.0M | ||
| Q1 24 | $232.0M | $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 | 29.11× | 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
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
ZION
Segment breakdown not available.
