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

BOK FINANCIAL CORP is the larger business by last-quarter revenue ($589.6M vs $310.0M, roughly 1.9× MediaAlpha, Inc.). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs 4.5%, a 25.5% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 12.7%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs 13.8%).

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.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

BOKF vs MAX — Head-to-Head

Bigger by revenue
BOKF
BOKF
1.9× larger
BOKF
$589.6M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+4.6% gap
MAX
17.3%
12.7%
BOKF
Higher net margin
BOKF
BOKF
25.5% more per $
BOKF
30.1%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
13.8%
BOKF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BOKF
BOKF
MAX
MAX
Revenue
$589.6M
$310.0M
Net Profit
$177.3M
$14.0M
Gross Margin
15.1%
Operating Margin
38.8%
7.2%
Net Margin
30.1%
4.5%
Revenue YoY
12.7%
17.3%
Net Profit YoY
30.2%
701.8%
EPS (diluted)
$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
BOKF
BOKF
MAX
MAX
Q1 26
$310.0M
Q4 25
$589.6M
$291.2M
Q3 25
$548.4M
$306.5M
Q2 25
$535.3M
$251.6M
Q1 25
$502.3M
$264.3M
Q4 24
$523.1M
$300.6M
Q3 24
$516.3M
$259.1M
Q2 24
$555.7M
$178.3M
Net Profit
BOKF
BOKF
MAX
MAX
Q1 26
$14.0M
Q4 25
$177.3M
$31.4M
Q3 25
$140.9M
$14.9M
Q2 25
$140.0M
$-18.7M
Q1 25
$119.8M
$-1.9M
Q4 24
$136.2M
$4.6M
Q3 24
$140.0M
$9.5M
Q2 24
$163.7M
$3.6M
Gross Margin
BOKF
BOKF
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
BOKF
BOKF
MAX
MAX
Q1 26
7.2%
Q4 25
38.8%
7.7%
Q3 25
32.2%
6.4%
Q2 25
33.8%
-8.0%
Q1 25
30.8%
0.0%
Q4 24
33.5%
6.1%
Q3 24
33.6%
6.0%
Q2 24
38.0%
3.6%
Net Margin
BOKF
BOKF
MAX
MAX
Q1 26
4.5%
Q4 25
30.1%
10.8%
Q3 25
25.7%
4.9%
Q2 25
26.2%
-7.4%
Q1 25
23.8%
-0.7%
Q4 24
26.0%
1.5%
Q3 24
27.1%
3.7%
Q2 24
29.5%
2.0%
EPS (diluted)
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
$2.90
$0.50
Q3 25
$2.22
$0.26
Q2 25
$2.19
$-0.33
Q1 25
$1.86
$-0.04
Q4 24
$2.13
$0.09
Q3 24
$2.18
$0.17
Q2 24
$2.54
$0.07

Balance Sheet & Financial Strength

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

Metric
BOKF
BOKF
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$26.1M
Total DebtLower is stronger
$4.6B
$163.5M
Stockholders' EquityBook value
$5.9B
Total Assets
$52.2B
$367.7M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOKF
BOKF
MAX
MAX
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
BOKF
BOKF
MAX
MAX
Q1 26
$163.5M
Q4 25
$4.6B
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$4.5B
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
$5.9B
$4.2M
Q3 25
$6.0B
$-29.8M
Q2 25
$5.9B
$-3.8M
Q1 25
$5.8B
$7.9M
Q4 24
$5.5B
$2.4M
Q3 24
$5.6B
$-8.4M
Q2 24
$5.2B
$-24.4M
Total Assets
BOKF
BOKF
MAX
MAX
Q1 26
$367.7M
Q4 25
$52.2B
$383.8M
Q3 25
$50.2B
$266.2M
Q2 25
$51.0B
$249.4M
Q1 25
$50.5B
$240.0M
Q4 24
$49.7B
$262.4M
Q3 24
$50.1B
$236.1M
Q2 24
$50.4B
$198.2M
Debt / Equity
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
0.78×
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
0.80×
68.31×
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
BOKF
BOKF
MAX
MAX
Operating Cash FlowLast quarter
$739.6M
Free Cash FlowOCF − Capex
$575.2M
FCF MarginFCF / Revenue
97.6%
Capex IntensityCapex / Revenue
27.9%
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
MAX
MAX
Q1 26
Q4 25
$739.6M
$-7.4M
Q3 25
$867.8M
$23.6M
Q2 25
$89.4M
$25.7M
Q1 25
$20.3M
$23.7M
Q4 24
$1.4B
$14.5M
Q3 24
$246.7M
$8.1M
Q2 24
$463.5M
$21.6M
Free Cash Flow
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
$575.2M
$-7.5M
Q3 25
$838.5M
$23.6M
Q2 25
$60.8M
$25.5M
Q1 25
$-28.0M
$23.6M
Q4 24
$1.3B
$14.5M
Q3 24
$209.5M
$8.0M
Q2 24
$417.2M
$21.5M
FCF Margin
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
97.6%
-2.6%
Q3 25
152.9%
7.7%
Q2 25
11.4%
10.2%
Q1 25
-5.6%
8.9%
Q4 24
240.7%
4.8%
Q3 24
40.6%
3.1%
Q2 24
75.1%
12.0%
Capex Intensity
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
27.9%
0.0%
Q3 25
5.3%
0.0%
Q2 25
5.3%
0.1%
Q1 25
9.6%
0.0%
Q4 24
32.8%
0.0%
Q3 24
7.2%
0.0%
Q2 24
8.3%
0.1%
Cash Conversion
BOKF
BOKF
MAX
MAX
Q1 26
Q4 25
4.17×
-0.24×
Q3 25
6.16×
1.58×
Q2 25
0.64×
Q1 25
0.17×
Q4 24
10.51×
3.13×
Q3 24
1.76×
0.85×
Q2 24
2.83×
5.97×

Financial Flow Comparison

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

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