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Side-by-side financial comparison of BOK FINANCIAL CORP (BOKF) and ECARX Holdings Inc. (ECX). Click either name above to swap in a different company.

BOK FINANCIAL CORP is the larger business by last-quarter revenue ($589.6M vs $323.3M, roughly 1.8× ECARX Holdings Inc.). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs -21.4%, a 51.4% gap on every dollar of revenue. On growth, BOK FINANCIAL CORP posted the faster year-over-year revenue change (12.7% vs 6.5%). BOK FINANCIAL CORP produced more free cash flow last quarter ($575.2M vs $-86.5M).

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.

ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.

BOKF vs ECX — Head-to-Head

Bigger by revenue
BOKF
BOKF
1.8× larger
BOKF
$589.6M
$323.3M
ECX
Growing faster (revenue YoY)
BOKF
BOKF
+6.2% gap
BOKF
12.7%
6.5%
ECX
Higher net margin
BOKF
BOKF
51.4% more per $
BOKF
30.1%
-21.4%
ECX
More free cash flow
BOKF
BOKF
$661.7M more FCF
BOKF
$575.2M
$-86.5M
ECX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BOKF
BOKF
ECX
ECX
Revenue
$589.6M
$323.3M
Net Profit
$177.3M
$-69.1M
Gross Margin
15.5%
Operating Margin
38.8%
-20.2%
Net Margin
30.1%
-21.4%
Revenue YoY
12.7%
6.5%
Net Profit YoY
30.2%
12.8%
EPS (diluted)
$2.90
$-0.20

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
BOKF
BOKF
ECX
ECX
Q4 25
$589.6M
Q3 25
$548.4M
Q2 25
$535.3M
$323.3M
Q1 25
$502.3M
Q4 24
$523.1M
Q3 24
$516.3M
Q2 24
$555.7M
$303.5M
Q1 24
$455.3M
Net Profit
BOKF
BOKF
ECX
ECX
Q4 25
$177.3M
Q3 25
$140.9M
Q2 25
$140.0M
$-69.1M
Q1 25
$119.8M
Q4 24
$136.2M
Q3 24
$140.0M
Q2 24
$163.7M
$-79.2M
Q1 24
$83.7M
Gross Margin
BOKF
BOKF
ECX
ECX
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
BOKF
BOKF
ECX
ECX
Q4 25
38.8%
Q3 25
32.2%
Q2 25
33.8%
-20.2%
Q1 25
30.8%
Q4 24
33.5%
Q3 24
33.6%
Q2 24
38.0%
-22.2%
Q1 24
23.5%
Net Margin
BOKF
BOKF
ECX
ECX
Q4 25
30.1%
Q3 25
25.7%
Q2 25
26.2%
-21.4%
Q1 25
23.8%
Q4 24
26.0%
Q3 24
27.1%
Q2 24
29.5%
-26.1%
Q1 24
18.4%
EPS (diluted)
BOKF
BOKF
ECX
ECX
Q4 25
$2.90
Q3 25
$2.22
Q2 25
$2.19
$-0.20
Q1 25
$1.86
Q4 24
$2.13
Q3 24
$2.18
Q2 24
$2.54
$-0.23
Q1 24
$1.29

Balance Sheet & Financial Strength

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

Metric
BOKF
BOKF
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$86.2M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$5.9B
$-293.7M
Total Assets
$52.2B
$494.9M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOKF
BOKF
ECX
ECX
Q4 25
Q3 25
Q2 25
$86.2M
Q1 25
Q4 24
Q3 24
Q2 24
$108.4M
Q1 24
Total Debt
BOKF
BOKF
ECX
ECX
Q4 25
$4.6B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOKF
BOKF
ECX
ECX
Q4 25
$5.9B
Q3 25
$6.0B
Q2 25
$5.9B
$-293.7M
Q1 25
$5.8B
Q4 24
$5.5B
Q3 24
$5.6B
Q2 24
$5.2B
$-198.5M
Q1 24
$5.1B
Total Assets
BOKF
BOKF
ECX
ECX
Q4 25
$52.2B
Q3 25
$50.2B
Q2 25
$51.0B
$494.9M
Q1 25
$50.5B
Q4 24
$49.7B
Q3 24
$50.1B
Q2 24
$50.4B
$555.0M
Q1 24
$50.2B
Debt / Equity
BOKF
BOKF
ECX
ECX
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
BOKF
BOKF
ECX
ECX
Operating Cash FlowLast quarter
$739.6M
$-82.0M
Free Cash FlowOCF − Capex
$575.2M
$-86.5M
FCF MarginFCF / Revenue
97.6%
-26.7%
Capex IntensityCapex / Revenue
27.9%
1.4%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOKF
BOKF
ECX
ECX
Q4 25
$739.6M
Q3 25
$867.8M
Q2 25
$89.4M
$-82.0M
Q1 25
$20.3M
Q4 24
$1.4B
Q3 24
$246.7M
Q2 24
$463.5M
$-57.1M
Q1 24
$179.2M
Free Cash Flow
BOKF
BOKF
ECX
ECX
Q4 25
$575.2M
Q3 25
$838.5M
Q2 25
$60.8M
$-86.5M
Q1 25
$-28.0M
Q4 24
$1.3B
Q3 24
$209.5M
Q2 24
$417.2M
$-64.9M
Q1 24
$138.3M
FCF Margin
BOKF
BOKF
ECX
ECX
Q4 25
97.6%
Q3 25
152.9%
Q2 25
11.4%
-26.7%
Q1 25
-5.6%
Q4 24
240.7%
Q3 24
40.6%
Q2 24
75.1%
-21.4%
Q1 24
30.4%
Capex Intensity
BOKF
BOKF
ECX
ECX
Q4 25
27.9%
Q3 25
5.3%
Q2 25
5.3%
1.4%
Q1 25
9.6%
Q4 24
32.8%
Q3 24
7.2%
Q2 24
8.3%
2.6%
Q1 24
9.0%
Cash Conversion
BOKF
BOKF
ECX
ECX
Q4 25
4.17×
Q3 25
6.16×
Q2 25
0.64×
Q1 25
0.17×
Q4 24
10.51×
Q3 24
1.76×
Q2 24
2.83×
Q1 24
2.14×

Financial Flow Comparison

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

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