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Side-by-side financial comparison of BOK FINANCIAL CORP (BOKF) and First Solar (FSLR). Click either name above to swap in a different company.
First Solar is the larger business by last-quarter revenue ($1.0B vs $589.6M, roughly 1.8× BOK FINANCIAL CORP). First Solar runs the higher net margin — 33.2% vs 30.1%, a 3.1% gap on every dollar of revenue. On growth, First Solar posted the faster year-over-year revenue change (23.6% vs 12.7%). Over the past eight quarters, BOK FINANCIAL CORP's revenue compounded faster (13.8% CAGR vs 1.7%).
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.
First Solar, Inc. is a publicly traded American manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. In 1999 it was purchased by True North Partners, LLC, which rebranded it as First Solar, Inc. It provides end-of-life panel recycling at each of its manufacturing facilities.
BOKF vs FSLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $589.6M | $1.0B |
| Net Profit | $177.3M | $346.6M |
| Gross Margin | — | 46.6% |
| Operating Margin | 38.8% | 33.1% |
| Net Margin | 30.1% | 33.2% |
| Revenue YoY | 12.7% | 23.6% |
| Net Profit YoY | 30.2% | 65.4% |
| EPS (diluted) | $2.90 | $3.22 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $589.6M | $1.7B | ||
| Q3 25 | $548.4M | $1.6B | ||
| Q2 25 | $535.3M | $1.1B | ||
| Q1 25 | $502.3M | $844.6M | ||
| Q4 24 | $523.1M | $1.5B | ||
| Q3 24 | $516.3M | $887.7M | ||
| Q2 24 | $555.7M | $1.0B |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $177.3M | $520.9M | ||
| Q3 25 | $140.9M | $455.9M | ||
| Q2 25 | $140.0M | $341.9M | ||
| Q1 25 | $119.8M | $209.5M | ||
| Q4 24 | $136.2M | $393.1M | ||
| Q3 24 | $140.0M | $313.0M | ||
| Q2 24 | $163.7M | $349.4M |
| Q1 26 | — | 46.6% | ||
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 49.4% |
| Q1 26 | — | 33.1% | ||
| Q4 25 | 38.8% | 32.6% | ||
| Q3 25 | 32.2% | 29.2% | ||
| Q2 25 | 33.8% | 33.0% | ||
| Q1 25 | 30.8% | 26.2% | ||
| Q4 24 | 33.5% | 30.2% | ||
| Q3 24 | 33.6% | 36.3% | ||
| Q2 24 | 38.0% | 36.9% |
| Q1 26 | — | 33.2% | ||
| Q4 25 | 30.1% | 31.0% | ||
| Q3 25 | 25.7% | 28.6% | ||
| Q2 25 | 26.2% | 31.2% | ||
| Q1 25 | 23.8% | 24.8% | ||
| Q4 24 | 26.0% | 26.0% | ||
| Q3 24 | 27.1% | 35.3% | ||
| Q2 24 | 29.5% | 34.6% |
| Q1 26 | — | $3.22 | ||
| Q4 25 | $2.90 | $4.84 | ||
| Q3 25 | $2.22 | $4.24 | ||
| Q2 25 | $2.19 | $3.18 | ||
| Q1 25 | $1.86 | $1.95 | ||
| Q4 24 | $2.13 | $3.66 | ||
| Q3 24 | $2.18 | $2.91 | ||
| Q2 24 | $2.54 | $3.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.4B |
| Total DebtLower is stronger | $4.6B | $425.8M |
| Stockholders' EquityBook value | $5.9B | $9.9B |
| Total Assets | $52.2B | $13.4B |
| Debt / EquityLower = less leverage | 0.78× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $837.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $425.8M | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $5.9B | $9.5B | ||
| Q3 25 | $6.0B | $9.0B | ||
| Q2 25 | $5.9B | $8.5B | ||
| Q1 25 | $5.8B | $8.2B | ||
| Q4 24 | $5.5B | $8.0B | ||
| Q3 24 | $5.6B | $7.6B | ||
| Q2 24 | $5.2B | $7.3B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $52.2B | $13.3B | ||
| Q3 25 | $50.2B | $13.5B | ||
| Q2 25 | $51.0B | $12.9B | ||
| Q1 25 | $50.5B | $12.1B | ||
| Q4 24 | $49.7B | $12.1B | ||
| Q3 24 | $50.1B | $11.4B | ||
| Q2 24 | $50.4B | $11.0B |
| Q1 26 | — | 0.04× | ||
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $739.6M | $-214.9M |
| Free Cash FlowOCF − Capex | $575.2M | — |
| FCF MarginFCF / Revenue | 97.6% | — |
| Capex IntensityCapex / Revenue | 27.9% | — |
| Cash ConversionOCF / Net Profit | 4.17× | -0.62× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-214.9M | ||
| Q4 25 | $739.6M | $1.2B | ||
| Q3 25 | $867.8M | $1.3B | ||
| Q2 25 | $89.4M | $149.6M | ||
| Q1 25 | $20.3M | $-608.0M | ||
| Q4 24 | $1.4B | $811.0M | ||
| Q3 24 | $246.7M | $-53.7M | ||
| Q2 24 | $463.5M | $193.0M |
| Q1 26 | — | — | ||
| Q4 25 | $575.2M | $1.1B | ||
| Q3 25 | $838.5M | $1.1B | ||
| Q2 25 | $60.8M | $-138.6M | ||
| Q1 25 | $-28.0M | $-813.9M | ||
| Q4 24 | $1.3B | $497.5M | ||
| Q3 24 | $209.5M | $-487.7M | ||
| Q2 24 | $417.2M | $-172.1M |
| Q1 26 | — | — | ||
| Q4 25 | 97.6% | 63.6% | ||
| Q3 25 | 152.9% | 67.1% | ||
| Q2 25 | 11.4% | -12.6% | ||
| Q1 25 | -5.6% | -96.4% | ||
| Q4 24 | 240.7% | 32.9% | ||
| Q3 24 | 40.6% | -54.9% | ||
| Q2 24 | 75.1% | -17.0% |
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 10.2% | ||
| Q3 25 | 5.3% | 12.8% | ||
| Q2 25 | 5.3% | 26.3% | ||
| Q1 25 | 9.6% | 24.4% | ||
| Q4 24 | 32.8% | 20.7% | ||
| Q3 24 | 7.2% | 48.9% | ||
| Q2 24 | 8.3% | 36.1% |
| Q1 26 | — | -0.62× | ||
| Q4 25 | 4.17× | 2.38× | ||
| Q3 25 | 6.16× | 2.79× | ||
| Q2 25 | 0.64× | 0.44× | ||
| Q1 25 | 0.17× | -2.90× | ||
| Q4 24 | 10.51× | 2.06× | ||
| Q3 24 | 1.76× | -0.17× | ||
| Q2 24 | 2.83× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
