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Side-by-side financial comparison of BOK FINANCIAL CORP (BOKF) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

BOK FINANCIAL CORP is the larger business by last-quarter revenue ($589.6M vs $321.1M, roughly 1.8× MADRIGAL PHARMACEUTICALS, INC.). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs -18.2%, a 48.3% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 12.7%). BOK FINANCIAL CORP produced more free cash flow last quarter ($575.2M vs $-133.8M).

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.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

BOKF vs MDGL — Head-to-Head

Bigger by revenue
BOKF
BOKF
1.8× larger
BOKF
$589.6M
$321.1M
MDGL
Growing faster (revenue YoY)
MDGL
MDGL
+198.1% gap
MDGL
210.8%
12.7%
BOKF
Higher net margin
BOKF
BOKF
48.3% more per $
BOKF
30.1%
-18.2%
MDGL
More free cash flow
BOKF
BOKF
$709.1M more FCF
BOKF
$575.2M
$-133.8M
MDGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOKF
BOKF
MDGL
MDGL
Revenue
$589.6M
$321.1M
Net Profit
$177.3M
$-58.6M
Gross Margin
Operating Margin
38.8%
-18.6%
Net Margin
30.1%
-18.2%
Revenue YoY
12.7%
210.8%
Net Profit YoY
30.2%
1.4%
EPS (diluted)
$2.90
$-2.55

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
MDGL
MDGL
Q4 25
$589.6M
$321.1M
Q3 25
$548.4M
$287.3M
Q2 25
$535.3M
$212.8M
Q1 25
$502.3M
$137.3M
Q4 24
$523.1M
$103.3M
Q3 24
$516.3M
$62.2M
Q2 24
$555.7M
Q1 24
$455.3M
$0
Net Profit
BOKF
BOKF
MDGL
MDGL
Q4 25
$177.3M
$-58.6M
Q3 25
$140.9M
$-114.2M
Q2 25
$140.0M
$-42.3M
Q1 25
$119.8M
$-73.2M
Q4 24
$136.2M
$-59.4M
Q3 24
$140.0M
$-107.0M
Q2 24
$163.7M
Q1 24
$83.7M
$-147.5M
Gross Margin
BOKF
BOKF
MDGL
MDGL
Q4 25
Q3 25
Q2 25
Q1 25
96.7%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BOKF
BOKF
MDGL
MDGL
Q4 25
38.8%
-18.6%
Q3 25
32.2%
-39.7%
Q2 25
33.8%
-22.2%
Q1 25
30.8%
-57.8%
Q4 24
33.5%
-64.8%
Q3 24
33.6%
-187.1%
Q2 24
38.0%
Q1 24
23.5%
Net Margin
BOKF
BOKF
MDGL
MDGL
Q4 25
30.1%
-18.2%
Q3 25
25.7%
-39.8%
Q2 25
26.2%
-19.9%
Q1 25
23.8%
-53.4%
Q4 24
26.0%
-57.5%
Q3 24
27.1%
-172.0%
Q2 24
29.5%
Q1 24
18.4%
EPS (diluted)
BOKF
BOKF
MDGL
MDGL
Q4 25
$2.90
$-2.55
Q3 25
$2.22
$-5.08
Q2 25
$2.19
$-1.90
Q1 25
$1.86
$-3.32
Q4 24
$2.13
$-2.50
Q3 24
$2.18
$-4.92
Q2 24
$2.54
Q1 24
$1.29
$-7.38

Balance Sheet & Financial Strength

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

Metric
BOKF
BOKF
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$198.7M
Total DebtLower is stronger
$4.6B
$339.9M
Stockholders' EquityBook value
$5.9B
$602.7M
Total Assets
$52.2B
$1.3B
Debt / EquityLower = less leverage
0.78×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOKF
BOKF
MDGL
MDGL
Q4 25
$198.7M
Q3 25
$295.7M
Q2 25
$186.2M
Q1 25
$183.6M
Q4 24
$100.0M
Q3 24
$232.7M
Q2 24
Q1 24
$622.5M
Total Debt
BOKF
BOKF
MDGL
MDGL
Q4 25
$4.6B
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$4.5B
$117.6M
Q3 24
$117.1M
Q2 24
Q1 24
$116.1M
Stockholders' Equity
BOKF
BOKF
MDGL
MDGL
Q4 25
$5.9B
$602.7M
Q3 25
$6.0B
$625.7M
Q2 25
$5.9B
$696.0M
Q1 25
$5.8B
$710.6M
Q4 24
$5.5B
$754.4M
Q3 24
$5.6B
$777.2M
Q2 24
$5.2B
Q1 24
$5.1B
$850.8M
Total Assets
BOKF
BOKF
MDGL
MDGL
Q4 25
$52.2B
$1.3B
Q3 25
$50.2B
$1.4B
Q2 25
$51.0B
$1.0B
Q1 25
$50.5B
$996.6M
Q4 24
$49.7B
$1.0B
Q3 24
$50.1B
$1.1B
Q2 24
$50.4B
Q1 24
$50.2B
$1.1B
Debt / Equity
BOKF
BOKF
MDGL
MDGL
Q4 25
0.78×
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.80×
0.16×
Q3 24
0.15×
Q2 24
Q1 24
0.14×

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
MDGL
MDGL
Operating Cash FlowLast quarter
$739.6M
$-133.5M
Free Cash FlowOCF − Capex
$575.2M
$-133.8M
FCF MarginFCF / Revenue
97.6%
-41.7%
Capex IntensityCapex / Revenue
27.9%
0.1%
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
MDGL
MDGL
Q4 25
$739.6M
$-133.5M
Q3 25
$867.8M
$79.8M
Q2 25
$89.4M
$-47.1M
Q1 25
$20.3M
$-88.9M
Q4 24
$1.4B
$-104.5M
Q3 24
$246.7M
$-67.0M
Q2 24
$463.5M
Q1 24
$179.2M
$-149.2M
Free Cash Flow
BOKF
BOKF
MDGL
MDGL
Q4 25
$575.2M
$-133.8M
Q3 25
$838.5M
$79.0M
Q2 25
$60.8M
Q1 25
$-28.0M
Q4 24
$1.3B
$-104.7M
Q3 24
$209.5M
$-67.8M
Q2 24
$417.2M
Q1 24
$138.3M
$-149.5M
FCF Margin
BOKF
BOKF
MDGL
MDGL
Q4 25
97.6%
-41.7%
Q3 25
152.9%
27.5%
Q2 25
11.4%
Q1 25
-5.6%
Q4 24
240.7%
-101.3%
Q3 24
40.6%
-109.0%
Q2 24
75.1%
Q1 24
30.4%
Capex Intensity
BOKF
BOKF
MDGL
MDGL
Q4 25
27.9%
0.1%
Q3 25
5.3%
0.3%
Q2 25
5.3%
0.0%
Q1 25
9.6%
0.0%
Q4 24
32.8%
0.2%
Q3 24
7.2%
1.3%
Q2 24
8.3%
Q1 24
9.0%
Cash Conversion
BOKF
BOKF
MDGL
MDGL
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.

Revenue Breakdown by Segment

BOKF
BOKF

Segment breakdown not available.

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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