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Side-by-side financial comparison of WINNEBAGO INDUSTRIES INC (WGO) 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 $702.7M, roughly 1.3× WINNEBAGO INDUSTRIES INC). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 0.8%, a 28.7% gap on every dollar of revenue. On growth, WINNEBAGO INDUSTRIES INC posted the faster year-over-year revenue change (12.3% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $19.8M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -4.5%).

Winnebago Industries, Inc. is an American manufacturer of motorhomes, a type of recreational vehicle (RV). In 2018, the company expanded into motorboat manufacturing with the acquisition of Chris-Craft Corporation. Winnebago has also manufactured light-to-medium utility vehicles as well as other products. The company is named after Winnebago County, Iowa, where it used to be headquartered. The county is named after the Native American tribe who have historically lived in the area. During the ...

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.

WGO vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.3× larger
ZION
$891.0M
$702.7M
WGO
Growing faster (revenue YoY)
WGO
WGO
+3.7% gap
WGO
12.3%
8.7%
ZION
Higher net margin
ZION
ZION
28.7% more per $
ZION
29.5%
0.8%
WGO
More free cash flow
ZION
ZION
$932.2M more FCF
ZION
$952.0M
$19.8M
WGO
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-4.5%
WGO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
WGO
WGO
ZION
ZION
Revenue
$702.7M
$891.0M
Net Profit
$5.5M
$263.0M
Gross Margin
12.7%
Operating Margin
2.0%
Net Margin
0.8%
29.5%
Revenue YoY
12.3%
8.7%
Net Profit YoY
205.8%
21.8%
EPS (diluted)
$0.19
$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
WGO
WGO
ZION
ZION
Q4 25
$702.7M
$891.0M
Q3 25
$861.0M
Q2 25
$775.1M
$838.0M
Q1 25
$795.0M
Q4 24
$625.6M
$820.0M
Q3 24
$720.9M
$792.0M
Q2 24
$786.0M
$777.0M
Q1 24
$703.6M
$742.0M
Net Profit
WGO
WGO
ZION
ZION
Q4 25
$5.5M
$263.0M
Q3 25
$222.0M
Q2 25
$17.6M
$244.0M
Q1 25
$170.0M
Q4 24
$-5.2M
$216.0M
Q3 24
$-29.1M
$214.0M
Q2 24
$29.0M
$201.0M
Q1 24
$-12.7M
$153.0M
Gross Margin
WGO
WGO
ZION
ZION
Q4 25
12.7%
Q3 25
Q2 25
13.7%
Q1 25
Q4 24
12.3%
Q3 24
13.1%
Q2 24
15.0%
Q1 24
15.0%
Operating Margin
WGO
WGO
ZION
ZION
Q4 25
2.0%
Q3 25
Q2 25
3.9%
Q1 25
Q4 24
-0.1%
Q3 24
-2.5%
Q2 24
5.5%
Q1 24
5.0%
Net Margin
WGO
WGO
ZION
ZION
Q4 25
0.8%
29.5%
Q3 25
25.8%
Q2 25
2.3%
29.1%
Q1 25
21.4%
Q4 24
-0.8%
26.3%
Q3 24
-4.0%
27.0%
Q2 24
3.7%
25.9%
Q1 24
-1.8%
20.6%
EPS (diluted)
WGO
WGO
ZION
ZION
Q4 25
$0.19
$1.77
Q3 25
$1.48
Q2 25
$0.62
$1.63
Q1 25
$1.13
Q4 24
$-0.18
$1.34
Q3 24
$-0.87
$1.37
Q2 24
$0.96
$1.28
Q1 24
$-0.43
$0.96

Balance Sheet & Financial Strength

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

Metric
WGO
WGO
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$181.7M
Total DebtLower is stronger
$541.0M
$1.5B
Stockholders' EquityBook value
$1.2B
$7.2B
Total Assets
$2.1B
$89.0B
Debt / EquityLower = less leverage
0.44×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WGO
WGO
ZION
ZION
Q4 25
$181.7M
Q3 25
Q2 25
$10.5M
Q1 25
Q4 24
$262.5M
Q3 24
$330.9M
Q2 24
$318.1M
Q1 24
$265.7M
Total Debt
WGO
WGO
ZION
ZION
Q4 25
$541.0M
$1.5B
Q3 25
$1.5B
Q2 25
$539.9M
$970.0M
Q1 25
$964.0M
Q4 24
$637.7M
$950.0M
Q3 24
$637.1M
$548.0M
Q2 24
$636.4M
$546.0M
Q1 24
$694.8M
$544.0M
Stockholders' Equity
WGO
WGO
ZION
ZION
Q4 25
$1.2B
$7.2B
Q3 25
$6.9B
Q2 25
$1.2B
$6.6B
Q1 25
$6.3B
Q4 24
$1.2B
$6.1B
Q3 24
$1.3B
$6.4B
Q2 24
$1.3B
$6.0B
Q1 24
$1.3B
$5.8B
Total Assets
WGO
WGO
ZION
ZION
Q4 25
$2.1B
$89.0B
Q3 25
$88.5B
Q2 25
$2.1B
$88.9B
Q1 25
$88.0B
Q4 24
$2.3B
$88.8B
Q3 24
$2.4B
$87.0B
Q2 24
$2.4B
$87.6B
Q1 24
$2.4B
$87.1B
Debt / Equity
WGO
WGO
ZION
ZION
Q4 25
0.44×
0.21×
Q3 25
0.21×
Q2 25
0.44×
0.15×
Q1 25
0.15×
Q4 24
0.51×
0.16×
Q3 24
0.50×
0.09×
Q2 24
0.48×
0.09×
Q1 24
0.52×
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
WGO
WGO
ZION
ZION
Operating Cash FlowLast quarter
$25.4M
$1.1B
Free Cash FlowOCF − Capex
$19.8M
$952.0M
FCF MarginFCF / Revenue
2.8%
106.8%
Capex IntensityCapex / Revenue
0.8%
13.6%
Cash ConversionOCF / Net Profit
4.62×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$-32.4M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WGO
WGO
ZION
ZION
Q4 25
$25.4M
$1.1B
Q3 25
$438.0M
Q2 25
$-35.8M
$-62.0M
Q1 25
$179.0M
Q4 24
$-16.7M
$1.1B
Q3 24
$40.7M
$119.0M
Q2 24
$99.4M
$251.0M
Q1 24
$25.2M
$261.0M
Free Cash Flow
WGO
WGO
ZION
ZION
Q4 25
$19.8M
$952.0M
Q3 25
$413.0M
Q2 25
$-55.0M
$-93.0M
Q1 25
$152.0M
Q4 24
$-26.7M
$1.1B
Q3 24
$29.5M
$97.0M
Q2 24
$88.4M
$234.0M
Q1 24
$14.2M
$231.0M
FCF Margin
WGO
WGO
ZION
ZION
Q4 25
2.8%
106.8%
Q3 25
48.0%
Q2 25
-7.1%
-11.1%
Q1 25
19.1%
Q4 24
-4.3%
128.2%
Q3 24
4.1%
12.2%
Q2 24
11.2%
30.1%
Q1 24
2.0%
31.1%
Capex Intensity
WGO
WGO
ZION
ZION
Q4 25
0.8%
13.6%
Q3 25
2.9%
Q2 25
2.5%
3.7%
Q1 25
3.4%
Q4 24
1.6%
11.8%
Q3 24
1.6%
2.8%
Q2 24
1.4%
2.2%
Q1 24
1.6%
4.0%
Cash Conversion
WGO
WGO
ZION
ZION
Q4 25
4.62×
4.08×
Q3 25
1.97×
Q2 25
-2.03×
-0.25×
Q1 25
1.05×
Q4 24
5.31×
Q3 24
0.56×
Q2 24
3.43×
1.25×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

WGO
WGO

Travel Trailer$139.2M20%
Class C And Other$131.0M19%
Fifth Wheel$116.0M17%
Class A$97.4M14%
Marine Segment$79.2M11%
Class B$76.3M11%
Other$56.4M8%

ZION
ZION

Segment breakdown not available.

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