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 30 h ago 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

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

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$737M	$50M	54.3%	15.4%	-$91M	$5.9B	$200000
Dec '25	$702M	$69M	59.2%	19.7%	$83M	$5.7B	$200000
Sep '25	$1.0B	$231M	62.2%	33.2%	$168M	$5.8B	$300000
Jun '25	$720M	$108M	63.7%	25.9%	$65M	$5.9B	$500000
Mar '25	$741M	$63M	56.3%	18.0%	-$234M	$5.9B	$27M
Dec '24	$745M	$102M	59.7%	24.5%	-$167M	$5.5B	$600000
Sep '24	$945M	$219M	63.0%	33.1%	$103M	$5.3B	$10M
Jun '24	$644M	$102M	69.9%	27.3%	-$70M	$5.3B	$100000
Mar '24	$583M	$19M	60.1%	12.7%	-$144M	$5.1B	$4M
Dec '23	$551M	$48M	64.5%	17.5%	$12M	$4.8B	$200000
Sep '23	$923M	$242M	63.8%	35.9%	$116M	$4.8B	$3M
Jun '23	$589M	$88M	69.1%	24.8%	$39M	$4.8B	$300000
Mar '23	$545M	$38M	63.2%	14.0%	-$114M	$5.0B	$307M
Dec '22	$685M	$50M	50.4%	13.4%	-$176M	$4.5B	$88M
Sep '22	$1.3B	$263M	46.1%	25.4%	$520M	$4.5B	$456M
Jun '22	$791M	$73M	50.3%	19.8%	-$282M	$5.0B	$5M
Mar '22	$578M	$280M	55.8%	14.4%	-$161M	$5.2B	$0
Dec '21	$555M	—	54.8%	14.6%	-$57M	$5.0B	$0
Sep '21	$848M	$253M	61.1%	33.6%	$87M	$4.9B	$2M
Jun '21	$565M	$113M	64.6%	22.9%	-$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× (Jun '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 3.2× (Jun '26).
The dividend yield has fallen from 4.2% (Mar '23) to 3.4% (Jun '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?

As of Jun '26, Oge Energy Corp. traded at a price-to-earnings ratio of about 21.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.