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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and BOK FINANCIAL CORP (BOKF). Click either name above to swap in a different company.

BOK FINANCIAL CORP is the larger business by last-quarter revenue ($589.6M vs $388.3M, roughly 1.5× ARMSTRONG WORLD INDUSTRIES INC). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs 16.9%, a 13.2% gap on every dollar of revenue. On growth, BOK FINANCIAL CORP posted the faster year-over-year revenue change (12.7% vs 5.6%). BOK FINANCIAL CORP produced more free cash flow last quarter ($575.2M vs $62.2M). Over the past eight quarters, BOK FINANCIAL CORP's revenue compounded faster (13.8% CAGR vs 9.1%).

Armstrong World Industries, Inc. is an international designer and manufacturer of wall and ceiling building materials based in Lancaster, Pennsylvania. As of 2014, AWI had 3,100 employees and a global manufacturing network of 17 facilities, down from 26, including nine plants dedicated to its WAVE joint venture, in 2012.

BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company headquartered in Tulsa, Oklahoma. Offering a full complement of retail and commercial banking products and services across the American Midwest and Southwest, the company is one of the 50 largest financial services firms in the U.S., and the largest in Oklahoma.

AWI vs BOKF — Head-to-Head

Bigger by revenue
BOKF
BOKF
1.5× larger
BOKF
$589.6M
$388.3M
AWI
Growing faster (revenue YoY)
BOKF
BOKF
+7.1% gap
BOKF
12.7%
5.6%
AWI
Higher net margin
BOKF
BOKF
13.2% more per $
BOKF
30.1%
16.9%
AWI
More free cash flow
BOKF
BOKF
$513.0M more FCF
BOKF
$575.2M
$62.2M
AWI
Faster 2-yr revenue CAGR
BOKF
BOKF
Annualised
BOKF
13.8%
9.1%
AWI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWI
AWI
BOKF
BOKF
Revenue
$388.3M
$589.6M
Net Profit
$65.5M
$177.3M
Gross Margin
39.8%
Operating Margin
23.7%
38.8%
Net Margin
16.9%
30.1%
Revenue YoY
5.6%
12.7%
Net Profit YoY
5.3%
30.2%
EPS (diluted)
$1.51
$2.90

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
AWI
AWI
BOKF
BOKF
Q4 25
$388.3M
$589.6M
Q3 25
$425.2M
$548.4M
Q2 25
$424.6M
$535.3M
Q1 25
$382.7M
$502.3M
Q4 24
$367.7M
$523.1M
Q3 24
$386.6M
$516.3M
Q2 24
$365.1M
$555.7M
Q1 24
$326.3M
$455.3M
Net Profit
AWI
AWI
BOKF
BOKF
Q4 25
$65.5M
$177.3M
Q3 25
$86.3M
$140.9M
Q2 25
$87.8M
$140.0M
Q1 25
$69.1M
$119.8M
Q4 24
$62.2M
$136.2M
Q3 24
$76.9M
$140.0M
Q2 24
$65.9M
$163.7M
Q1 24
$59.9M
$83.7M
Gross Margin
AWI
AWI
BOKF
BOKF
Q4 25
39.8%
Q3 25
42.0%
Q2 25
41.4%
Q1 25
39.2%
Q4 24
39.1%
Q3 24
42.4%
Q2 24
40.9%
Q1 24
38.1%
Operating Margin
AWI
AWI
BOKF
BOKF
Q4 25
23.7%
38.8%
Q3 25
27.6%
32.2%
Q2 25
29.0%
33.8%
Q1 25
25.7%
30.8%
Q4 24
22.3%
33.5%
Q3 24
28.8%
33.6%
Q2 24
26.0%
38.0%
Q1 24
26.4%
23.5%
Net Margin
AWI
AWI
BOKF
BOKF
Q4 25
16.9%
30.1%
Q3 25
20.3%
25.7%
Q2 25
20.7%
26.2%
Q1 25
18.1%
23.8%
Q4 24
16.9%
26.0%
Q3 24
19.9%
27.1%
Q2 24
18.0%
29.5%
Q1 24
18.4%
18.4%
EPS (diluted)
AWI
AWI
BOKF
BOKF
Q4 25
$1.51
$2.90
Q3 25
$1.98
$2.22
Q2 25
$2.01
$2.19
Q1 25
$1.58
$1.86
Q4 24
$1.41
$2.13
Q3 24
$1.75
$2.18
Q2 24
$1.50
$2.54
Q1 24
$1.36
$1.29

Balance Sheet & Financial Strength

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

Metric
AWI
AWI
BOKF
BOKF
Cash + ST InvestmentsLiquidity on hand
$112.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$900.7M
$5.9B
Total Assets
$1.9B
$52.2B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
BOKF
BOKF
Q4 25
$112.7M
Q3 25
$90.1M
Q2 25
$81.1M
Q1 25
$82.8M
Q4 24
$79.3M
Q3 24
$73.7M
Q2 24
$73.6M
Q1 24
$69.6M
Total Debt
AWI
AWI
BOKF
BOKF
Q4 25
$4.6B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWI
AWI
BOKF
BOKF
Q4 25
$900.7M
$5.9B
Q3 25
$889.2M
$6.0B
Q2 25
$837.8M
$5.9B
Q1 25
$793.4M
$5.8B
Q4 24
$757.1M
$5.5B
Q3 24
$717.0M
$5.6B
Q2 24
$669.0M
$5.2B
Q1 24
$626.8M
$5.1B
Total Assets
AWI
AWI
BOKF
BOKF
Q4 25
$1.9B
$52.2B
Q3 25
$1.9B
$50.2B
Q2 25
$1.9B
$51.0B
Q1 25
$1.9B
$50.5B
Q4 24
$1.8B
$49.7B
Q3 24
$1.8B
$50.1B
Q2 24
$1.8B
$50.4B
Q1 24
$1.7B
$50.2B
Debt / Equity
AWI
AWI
BOKF
BOKF
Q4 25
0.78×
Q3 25
Q2 25
Q1 25
Q4 24
0.80×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWI
AWI
BOKF
BOKF
Operating Cash FlowLast quarter
$110.0M
$739.6M
Free Cash FlowOCF − Capex
$62.2M
$575.2M
FCF MarginFCF / Revenue
16.0%
97.6%
Capex IntensityCapex / Revenue
12.3%
27.9%
Cash ConversionOCF / Net Profit
1.68×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$246.1M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWI
AWI
BOKF
BOKF
Q4 25
$110.0M
$739.6M
Q3 25
$122.9M
$867.8M
Q2 25
$81.6M
$89.4M
Q1 25
$41.0M
$20.3M
Q4 24
$86.6M
$1.4B
Q3 24
$96.5M
$246.7M
Q2 24
$57.3M
$463.5M
Q1 24
$26.4M
$179.2M
Free Cash Flow
AWI
AWI
BOKF
BOKF
Q4 25
$62.2M
$575.2M
Q3 25
$100.3M
$838.5M
Q2 25
$61.7M
$60.8M
Q1 25
$21.9M
$-28.0M
Q4 24
$57.8M
$1.3B
Q3 24
$77.1M
$209.5M
Q2 24
$37.4M
$417.2M
Q1 24
$11.7M
$138.3M
FCF Margin
AWI
AWI
BOKF
BOKF
Q4 25
16.0%
97.6%
Q3 25
23.6%
152.9%
Q2 25
14.5%
11.4%
Q1 25
5.7%
-5.6%
Q4 24
15.7%
240.7%
Q3 24
19.9%
40.6%
Q2 24
10.2%
75.1%
Q1 24
3.6%
30.4%
Capex Intensity
AWI
AWI
BOKF
BOKF
Q4 25
12.3%
27.9%
Q3 25
5.3%
5.3%
Q2 25
4.7%
5.3%
Q1 25
5.0%
9.6%
Q4 24
7.8%
32.8%
Q3 24
5.0%
7.2%
Q2 24
5.5%
8.3%
Q1 24
4.5%
9.0%
Cash Conversion
AWI
AWI
BOKF
BOKF
Q4 25
1.68×
4.17×
Q3 25
1.42×
6.16×
Q2 25
0.93×
0.64×
Q1 25
0.59×
0.17×
Q4 24
1.39×
10.51×
Q3 24
1.25×
1.76×
Q2 24
0.87×
2.83×
Q1 24
0.44×
2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AWI
AWI

Distributors$183.0M47%
Architectural Specialties$143.7M37%
Home Centers$27.2M7%
Retailers And Other$21.7M6%
Direct Customers$12.7M3%

BOKF
BOKF

Segment breakdown not available.

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