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Side-by-side financial comparison of BOK FINANCIAL CORP (BOKF) and SPX Technologies, Inc. (SPXC). Click either name above to swap in a different company.
BOK FINANCIAL CORP is the larger business by last-quarter revenue ($589.6M vs $566.8M, roughly 1.0× SPX Technologies, Inc.). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs 10.6%, a 19.5% gap on every dollar of revenue. On growth, SPX Technologies, Inc. posted the faster year-over-year revenue change (22.0% vs 12.7%). BOK FINANCIAL CORP produced more free cash flow last quarter ($575.2M vs $11.3M). Over the past eight quarters, BOK FINANCIAL CORP's revenue compounded faster (13.8% CAGR vs 6.3%).
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.
SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...
BOKF vs SPXC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $589.6M | $566.8M |
| Net Profit | $177.3M | $59.9M |
| Gross Margin | — | — |
| Operating Margin | 38.8% | 15.5% |
| Net Margin | 30.1% | 10.6% |
| Revenue YoY | 12.7% | 22.0% |
| Net Profit YoY | 30.2% | 17.0% |
| 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.
| Q1 26 | — | $566.8M | ||
| Q4 25 | $589.6M | $637.3M | ||
| Q3 25 | $548.4M | $592.8M | ||
| Q2 25 | $535.3M | $552.4M | ||
| Q1 25 | $502.3M | $482.6M | ||
| Q4 24 | $523.1M | $533.7M | ||
| Q3 24 | $516.3M | $483.7M | ||
| Q2 24 | $555.7M | $501.3M |
| Q1 26 | — | $59.9M | ||
| Q4 25 | $177.3M | $77.9M | ||
| Q3 25 | $140.9M | $62.7M | ||
| Q2 25 | $140.0M | $52.2M | ||
| Q1 25 | $119.8M | $51.2M | ||
| Q4 24 | $136.2M | $57.1M | ||
| Q3 24 | $140.0M | $50.2M | ||
| Q2 24 | $163.7M | $44.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.8% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.4% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 40.9% | ||
| Q2 24 | — | 40.1% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 38.8% | 15.7% | ||
| Q3 25 | 32.2% | 16.4% | ||
| Q2 25 | 33.8% | 15.7% | ||
| Q1 25 | 30.8% | 13.8% | ||
| Q4 24 | 33.5% | 16.9% | ||
| Q3 24 | 33.6% | 16.3% | ||
| Q2 24 | 38.0% | 14.9% |
| Q1 26 | — | 10.6% | ||
| Q4 25 | 30.1% | 12.2% | ||
| Q3 25 | 25.7% | 10.6% | ||
| Q2 25 | 26.2% | 9.4% | ||
| Q1 25 | 23.8% | 10.6% | ||
| Q4 24 | 26.0% | 10.7% | ||
| Q3 24 | 27.1% | 10.4% | ||
| Q2 24 | 29.5% | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.90 | $1.56 | ||
| Q3 25 | $2.22 | $1.28 | ||
| Q2 25 | $2.19 | $1.10 | ||
| Q1 25 | $1.86 | $1.09 | ||
| Q4 24 | $2.13 | $1.21 | ||
| Q3 24 | $2.18 | $1.06 | ||
| Q2 24 | $2.54 | $0.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $156.5M |
| Total DebtLower is stronger | $4.6B | $667.3M |
| Stockholders' EquityBook value | $5.9B | $2.3B |
| Total Assets | $52.2B | $3.9B |
| Debt / EquityLower = less leverage | 0.78× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.5M | ||
| Q4 25 | — | $364.0M | ||
| Q3 25 | — | $229.4M | ||
| Q2 25 | — | $132.8M | ||
| Q1 25 | — | $177.8M | ||
| Q4 24 | — | $156.9M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $128.1M |
| Q1 26 | — | $667.3M | ||
| Q4 25 | $4.6B | $496.7M | ||
| Q3 25 | — | $499.8M | ||
| Q2 25 | — | $950.3M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | $4.5B | $577.0M | ||
| Q3 24 | — | $665.2M | ||
| Q2 24 | — | $509.9M |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.9B | $2.2B | ||
| Q3 25 | $6.0B | $2.1B | ||
| Q2 25 | $5.9B | $1.5B | ||
| Q1 25 | $5.8B | $1.4B | ||
| Q4 24 | $5.5B | $1.4B | ||
| Q3 24 | $5.6B | $1.4B | ||
| Q2 24 | $5.2B | $1.3B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $52.2B | $3.6B | ||
| Q3 25 | $50.2B | $3.4B | ||
| Q2 25 | $51.0B | $3.3B | ||
| Q1 25 | $50.5B | $3.1B | ||
| Q4 24 | $49.7B | $2.7B | ||
| Q3 24 | $50.1B | $2.8B | ||
| Q2 24 | $50.4B | $2.8B |
| Q1 26 | — | 0.29× | ||
| Q4 25 | 0.78× | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.80× | 0.42× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.40× |
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 | — |
| Free Cash FlowOCF − Capex | $575.2M | $11.3M |
| FCF MarginFCF / Revenue | 97.6% | 2.0% |
| Capex IntensityCapex / Revenue | 27.9% | 3.3% |
| Cash ConversionOCF / Net Profit | 4.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $268.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $739.6M | $195.2M | ||
| Q3 25 | $867.8M | $106.5M | ||
| Q2 25 | $89.4M | $42.5M | ||
| Q1 25 | $20.3M | $-10.9M | ||
| Q4 24 | $1.4B | $166.5M | ||
| Q3 24 | $246.7M | $51.4M | ||
| Q2 24 | $463.5M | $57.5M |
| Q1 26 | — | $11.3M | ||
| Q4 25 | $575.2M | $126.7M | ||
| Q3 25 | $838.5M | $96.1M | ||
| Q2 25 | $60.8M | $34.8M | ||
| Q1 25 | $-28.0M | $-16.4M | ||
| Q4 24 | $1.3B | $156.7M | ||
| Q3 24 | $209.5M | $43.5M | ||
| Q2 24 | $417.2M | $47.1M |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 97.6% | 19.9% | ||
| Q3 25 | 152.9% | 16.2% | ||
| Q2 25 | 11.4% | 6.3% | ||
| Q1 25 | -5.6% | -3.4% | ||
| Q4 24 | 240.7% | 29.4% | ||
| Q3 24 | 40.6% | 9.0% | ||
| Q2 24 | 75.1% | 9.4% |
| Q1 26 | — | 3.3% | ||
| Q4 25 | 27.9% | 10.7% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 5.3% | 1.4% | ||
| Q1 25 | 9.6% | 1.1% | ||
| Q4 24 | 32.8% | 1.8% | ||
| Q3 24 | 7.2% | 1.6% | ||
| Q2 24 | 8.3% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.17× | 2.51× | ||
| Q3 25 | 6.16× | 1.70× | ||
| Q2 25 | 0.64× | 0.81× | ||
| Q1 25 | 0.17× | -0.21× | ||
| Q4 24 | 10.51× | 2.92× | ||
| Q3 24 | 1.76× | 1.02× | ||
| Q2 24 | 2.83× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
