OGE Financials Oge Energy Corp.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 31, 2026, 11:18 UTC Overview →

Growth & profitability

Revenue has grown 9.0% per year over the past 5 years.
Net income has grown slower than revenue (-10.6% vs 9.0% per year).
Operating margin has been roughly flat, at 25.1% in the latest year.
Free cash flow has grown 5.8% per year over the past 5 years.

Financial health

Total debt ($5.7B) exceeds cash ($200000); net debt is $5.7B.
Total debt has grown in line with revenue (9.5% vs 9.0% per year).
Operating income covered interest expense 3.0× in the latest year, down from 3.3× 5 years ago.
Total debt is 4.2× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 72.6% of earnings and 413.4% of free cash flow.
The dividend has grown 1.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.2B	$471M	60.5%	25.1%	9.5%	3.3%	$83M	$5.7B	$200000
2024	$2.9B	$442M	63.1%	25.6%	9.5%	3.2%	-$278M	$5.5B	$600000
2023	$2.6B	$417M	65.0%	24.9%	9.2%	3.3%	$54M	$4.8B	$200000
2022	$3.3B	$666M	49.7%	19.7%	15.1%	5.3%	-$99M	$4.5B	$88M
2021	$3.6B	$737M	40.7%	15.2%	18.2%	5.8%	-$1.0B	$5.0B	$0
2020	$2.1B	—	68.9%	25.2%	0.0%	0.0%	$62M	$3.6B	$1M
2019	$2.2B	—	63.8%	23.2%	0.0%	0.0%	$46M	$3.3B	$0
2018	$2.2B	—	59.6%	22.1%	0.0%	0.0%	$378M	$3.1B	$94M
2017	$0	—	—	—	0.0%	0.0%	-$40M	$3.2B	$14M
2016	$0	$338M	—	—	9.8%	3.4%	-$15M	$2.9B	$300000
2015	—	$271M	—	—	8.2%	2.8%	$319M	$2.7B	$75M
2014	—	$396M	—	—	12.2%	4.2%	$152M	$2.9B	$6M
2013	—	$388M	—	—	12.8%	4.2%	-$367M	$2.8B	$7M
2012	—	$355M	—	—	12.8%	3.6%	-$105M	$3.3B	$2M
2011	—	$343M	—	—	13.4%	3.9%	-$437M	$3.0B	$5M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$737M	$50M	54.3%	15.4%	1.0%	0.3%	-$91M	$5.9B	$200000
Dec '25	$702M	$69M	59.2%	19.7%	1.4%	0.5%	$83M	$5.7B	$200000
Sep '25	$1.0B	$231M	62.2%	33.2%	4.8%	1.6%	$168M	$5.8B	$300000
Jun '25	$720M	$108M	63.7%	25.9%	2.3%	0.8%	$65M	$5.9B	$500000
Mar '25	$741M	$63M	56.3%	18.0%	1.4%	0.4%	-$234M	$5.9B	$27M
Dec '24	$745M	$102M	59.7%	24.5%	2.2%	0.7%	-$167M	$5.5B	$600000
Sep '24	$945M	$219M	63.0%	33.1%	4.7%	1.6%	$103M	$5.3B	$10M
Jun '24	$644M	$102M	69.9%	27.3%	2.3%	0.8%	-$70M	$5.3B	$100000
Mar '24	$583M	$19M	60.1%	12.7%	0.4%	0.1%	-$144M	$5.1B	$4M
Dec '23	$551M	$48M	64.5%	17.5%	1.1%	0.4%	$12M	$4.8B	$200000
Sep '23	$923M	$242M	63.8%	35.9%	5.3%	1.9%	$116M	$4.8B	$3M
Jun '23	$589M	$88M	69.1%	24.8%	2.0%	0.7%	$39M	$4.8B	$300000
Mar '23	$545M	$38M	63.2%	14.0%	0.9%	0.3%	-$114M	$5.0B	$307M
Dec '22	$685M	$50M	50.4%	13.4%	1.1%	0.4%	-$176M	$4.5B	$88M
Sep '22	$1.3B	$263M	46.1%	25.4%	5.9%	2.1%	$520M	$4.5B	$456M
Jun '22	$791M	$73M	50.3%	19.8%	1.7%	0.6%	-$282M	$5.0B	$5M
Mar '22	$578M	$280M	55.8%	14.4%	6.6%	2.1%	-$161M	$5.2B	$0
Dec '21	$555M	—	54.8%	14.6%	0.0%	0.0%	-$57M	$5.0B	$0
Sep '21	$848M	$253M	61.1%	33.6%	6.6%	2.1%	$87M	$4.9B	$2M
Jun '21	$565M	$113M	64.6%	22.9%	3.1%	0.9%	-$23M	$4.9B	$0

Valuation over time

How the market has priced OGE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 11.7× (Mar '23) to 21.5× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 3.2× (Nov '26).
The dividend yield has fallen from 4.2% (Mar '23) to 3.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is OGE growing its revenue and profit?

Over the past 5 years, Oge Energy Corp.'s revenue has grown 9.0% per year, and net income declined 10.6% per year. These are computed facts, not advice.

How much debt does OGE have?

As of FY2025, Oge Energy Corp. reported $5.7B of total debt against $200000 of cash; operating income covered interest expense 3.0×.

What is OGE's profit margin?

In FY2025, gross margin was 60.5%, operating margin 25.1%, and net margin 14.8%.

What is OGE's P/E ratio?

Oge Energy Corp.'s P/E (TTM) is 22.13 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OGE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.