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Bakkt vs Zions Bancorporation, National Association

Zions Bancorporation, National Association is the larger business, with $3.38bn of revenue in fiscal 2025 against $2.34bn for Bakkt (1.4 times as much). Zions Bancorporation, National Association grew faster (8.1% against -32.1%). Zions Bancorporation, National Association kept more of each dollar of sales as profit: a net margin of 26.6% against -4.6%.

Latest fiscal yearBakktBKKT, 2025Zions Bancorporation, National AssociationZION, 2025
Revenue $2.34bn $3.38bn
Revenue growth -32.1% 8.1%
Net income −$107m $899m
Operating margin — —
Net margin -4.6% 26.6%
Return on equity -146.2% 13.5%
Free cash flow −$153m $952m
Cash $27.0m $683m
Total debt $0 $4.58bn
Debt to equity — —
Dividend per share — $1.76
Dividend yield — 2.8%
Share buybacks — $41.0m
Employees 48 9,195
Market value $210m $9.62bn
Price vs our value range — —
Moat score — 78 (Strong)
Insider trades, 12 months 5 buys, 21 sales 1 buys, 21 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.