The market considers the company to be a smaller player with a significant market presence. At current multiples, it trades attractively valued—reflecting market expectations.

Valuation Metrics

Ratios and multiples

Forward P/E

9.53

EV/Revenue (TTM)1.90

Price/FCF (TTM)5.75

Financial Health

Liquidity and leverage

ROE (TTM)16.66%

ROA (TTM)1.35%

The company's financial health appears moderate. High ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.

Valuation Multiples

Current valuation metrics

P/E Ratio8.12

P/B Ratio1.26

P/S Ratio2.57

Quarterly Earnings History

Recent quarterly financial performance and trends

Latest Quarter

Q2 2026

Revenue

$1.14B

Net Income

$453.00M

EPS (Diluted)

$3.05

Quarter	Revenue	Net Income	Gross Profit	EPS (Basic)	EPS (Diluted)	Gross Margin	Net Margin
Q2 2026(Latest)	$1.14B	$453.00M	N/A	$3.05	$3.05	N/A	39.8%
Q1 2026	$849.00M	$233.00M	N/A	$1.56	$1.56	N/A	27.4%
Q4 2025	$891.00M	$263.00M	N/A	$1.76	$1.76	N/A	29.5%
Q3 2025	$861.00M	$222.00M	N/A	$1.48	$1.48	N/A	25.8%
Q2 2025	$838.00M	$244.00M	N/A	$1.63	$1.63	N/A	29.1%

Key Insights:

Revenue increased by 33.9% from previous quarter
Net margin of 39.8% indicates strong profitability
EPS improved by 95.5% quarter-over-quarter

Financial Efficiency

Utilization and collections performance

Asset Turnover 0.04 indicates low efficiency. Receivables Turnover 10.26 and DSO 35.59 reflect good collections. ROIC 11.3% highlights moderate capital returns.

Efficiency Metrics

Asset Turnover0.04

Receivables Turnover10.26

Days Sales Outstanding35.59

ROIC (TTM)11.3%

Profitability & Growth

Margins and earnings power

Revenue (TTM)

$3.76B

9.50% YoY

Profit Margin (TTM)

31.80%

Operating Margin (TTM)

39.26%

Gross Profit (TTM)

$3.76B

Gross Margin 100.00%

Net Income (TTM)

$1.20B

Earnings 20.30% YoY

Efficiency Performance Matrix

4-quadrant analysis of operational efficiency vs profitability

Efficiency vs Profitability Quadrants

High Efficiency
High Margin

High Efficiency
Low Margin

Low Efficiency
High Margin

Low Efficiency
Low Margin

Efficiency Analysis

Asset Turnover

Efficiency:0.04x

Margin:100.0%

Quadrant:Margin-Driven

Receivables Turnover

Efficiency:10.26x

Margin:39.3%

Quadrant:Optimal

Working Capital

Efficiency:N/A

Margin:31.8%

Quadrant:Unknown

Overall Efficiency Score

Mixed efficiency profile requiring targeted improvements

⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.

• Bubble size represents ROIC magnitude

• Green (Optimal): Excellent efficiency-profitability balance

• Blue (Efficiency-Driven): High turnover, room to improve margins

• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency

• Red (Weak Operations): Areas needing improvement on both dimensions

Market Data & Share Structure

Comprehensive valuation metrics and ownership breakdown

Market Data & Capitalization

Market Cap

$9.66B

Mid-cap: Growth potential with moderate risk

Enterprise Value

$7.16B

EV 26% < Market Cap: Net cash position

Next Earnings Date

N/A

Scheduled quarterly results announcement

Share Statistics & Ownership

Shares Outstanding

145.95M

Total shares issued and held by all shareholders

Shares Float

142.51M

98% float - widely available

Institutional Ownership

85.72%

Very high - strong institutional confidence

Insider Ownership

1.28%

Moderate alignment - typical for large-cap

Shares Short

6.40M

4.5% of float - moderate shorting

Implied Shares Outstanding

145.95M

Matches reported shares - consistent data

Profitability Margin Pyramid

Hierarchical view of margin compression from revenue to net income

Margin Hierarchy by Profitability Level

100.0%

Revenue

$3.76B

100.0%

Gross Profit

$3.76B

N/A

EBITDA

31.8%

Net Income

$1.20B

Margin Profile:

Revenue— 100.0% margin (Top line revenue generation)

Gross Profit— 100.0% margin (Revenue minus cost of goods sold)

EBITDA— N/A% margin (Earnings before interest, taxes, depreciation, and amortization)

Net Income— 31.8% margin (Bottom line profitability after all expenses)

Margin Analysis

Total Revenue

Amount:$3.76B

Margin:100.0%

Top line revenue generation

Gross Profit

Amount:$3.76B

Margin:100.0%

Revenue minus cost of goods sold

EBITDA

Amount:N/A

Margin:N/A

Earnings before interest, taxes, depreciation, and amortization

Net Income

Amount:$1.20B

Margin:31.8%

Bottom line profitability after all expenses

Margin Quality Assessment

Excellent margin structure with strong bottom-line profitability

• Larger circles represent higher dollar amounts

• Margin percentages show profitability at each level

• Blue: Revenue base

• Green: Gross profitability

• Yellow: Operating performance

• Red: Net profitability

Operating Cash & Liquidity

Core cash generation and short-term solvency

Cash Flow Analysis

Operating Cash Flow (TTM)

$1.80B

Cash from core operations

Free Cash Flow (TTM)

$1.68B

Available after capex

Financial Position & Liquidity

Current Ratio

—

Quick Ratio

—

Net Cash

$2.50B

Net creditor

Total Cash

$5.76B

Balance sheet cash

Total Debt

$3.26B

Outstanding borrowings

Cash Conversion Cycle

Working capital efficiency measurement

Days Sales Outstanding

35.6

days to collect payment

Insufficient cash cycle data.

Ownership & Shareholder Sentiment

Insider, institutional, and short interest positions

Insider Ownership

1.28%

Moderate stake

Institutional Ownership

85.72%

Majority backing

Short % of Float

5.14%

Notable short

Short Ratio (Days)

4.2d

days to cover

Ownership structure shows limited insider stake and institutional majority backing.

Dividends & Shareholder Returns

Policy stance and implications

The company maintains a very sustainable dividend policy with a payout ratio of 22.9% (FCF coverage: 6.3x). Strong cash flow coverage supporting attractive shareholder yield with ample room for sustainability.

Payout Ratio

22.93%

Trailing Dividend Rate

1.83

Trailing Dividend Yield

2.76%

5 Year Avg Dividend Yield

3.19%

Forward Annual Dividend Rate

1.92

Forward Annual Dividend Yield

2.90%

Ex-Dividend Date

08/13/2026

Last Split

05/15/1997 (4.00)

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Zions Bancorporation, National Association(ZION)Fundamental Analysis & FinancialsNASDAQ

Valuation, growth, margins and balance sheet

Valuation Snapshot

Valuation Metrics

Financial Health

Valuation Multiples

Quarterly Earnings History

Financial Efficiency

Efficiency Metrics

Profitability & Growth

Efficiency Performance Matrix

Efficiency vs Profitability Quadrants

Efficiency Analysis

Asset Turnover

Receivables Turnover

Working Capital

Overall Efficiency Score

Market Data & Share Structure

Market Data & Capitalization

Share Statistics & Ownership

Profitability Margin Pyramid

Margin Hierarchy by Profitability Level

Margin Analysis

Total Revenue

Gross Profit

EBITDA

Net Income

Margin Quality Assessment

Operating Cash & Liquidity

Cash Flow Analysis

Financial Position & Liquidity

Cash Conversion Cycle

Ownership & Shareholder Sentiment

Dividends & Shareholder Returns

Explore More Analysis for ZION

Stock Analyzer Report

DCF Fair Value Calculator

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Insights & Resources

Zions Bancorporation, National Association(ZION)Fundamental Analysis & Financials
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