OGE Energy Corp. (OGE) Stock Analysis
Utilities · Utilities - Regulated Electric · NYSE
OGE Energy Corp. (OGE) posted $3.19B in revenue for fiscal 2025 (up 6.9% year over year), at a 14.8% net margin, and has compounded revenue about 8.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on OGE Energy Corp.
OGE Energy Corp. has grown revenue from $2.26B to $3.19B over the last 10 fiscal years, compounding about 8.5% a year. The most recent year was up 6.9%, so growth has cooled from its longer-run pace.
Net margin sits at 14.8% on a 60.5% gross margin. It carries about $5.66B of total debt.
At today's valuation the market is pricing in roughly 32.4% annual free-cash-flow growth — versus the 5.8% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from OGE Energy Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
OGE Energy Corp. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.26B | $2.26B | $2.27B | $2.23B | $2.12B | $3.65B | $3.38B | $2.67B | $2.99B | $3.19B |
| Gross profit | $1.38B | $1.36B | $1.38B | $1.44B | $1.48B | $1.53B | $1.71B | $1.76B | $1.91B | $1.93B |
| Net income | $338.20M | $619.00M | $425.50M | $433.60M | $-173.70M | $737.30M | $665.70M | $416.80M | $441.50M | $470.70M |
| Net margin | 15.0% | 27.4% | 18.7% | 19.4% | -8.2% | 20.2% | 19.7% | 15.6% | 14.8% | 14.8% |
Source: OGE Energy Corp. SEC filings (10-K). 18 years of history available in the interactive view.
OGE Energy Corp.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 44.6% while revenue rose 6.9% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Net margin shrinkingNet margin fell from 19.7% to 14.8% over ~3 years — profitability is compressing.
What growth is priced into OGE stock?
At today's market cap of $9.84B, OGE Energy Corp. is priced for free-cash-flow growth of about 32.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $82.70M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.8%/yr over the last five fiscal years and revenue 8.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of OGE Energy Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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OGE Energy Corp. financial history by metric
Compare OGE Energy Corp. with peers
About OGE Energy Corp.
OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. The company also provides retail electric services to approximately 913,000 customers that covers a service area of approximately 30,000 square miles. Additionally, it offers bill payment and electric construction services for residential and business sectors. OGE Energy Corp. was founded in 1902 and is based in Oklahoma City, Oklahoma.
OGE Energy Corp. — frequently asked questions
What is OGE Energy Corp.'s revenue?
OGE Energy Corp. (OGE) reported revenue of $3.19B for fiscal year 2025, up 6.9% from the prior year, according to its SEC filings.
Is OGE Energy Corp. profitable?
Yes. OGE earned net income of $470.70M in fiscal 2025, a net margin of 14.8%.
What is OGE's P/E ratio?
OGE Energy Corp. trades at a price-to-earnings ratio of about 21.2 based on the latest data in our nightly-refreshed cache.
How fast is OGE Energy Corp. growing?
OGE's revenue grew at roughly 8.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does OGE Energy Corp. have?
As of fiscal year 2025, OGE carried roughly $5.66B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is OGE Energy Corp.'s gross margin?
OGE's gross margin was 60.5% in fiscal 2025 — gross profit of $1.93B on revenue of $3.19B.
What is OGE Energy Corp.'s market cap?
OGE Energy Corp. (OGE) has a market capitalization of about $9.84B, based on the latest data in our nightly-refreshed cache.
When does OGE Energy Corp.'s fiscal year end?
OGE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into OGE stock?
At today's market cap of $9.84B, OGE Energy Corp. is priced for free-cash-flow growth of about 32.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $82.70M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.8%/yr over the last five fiscal years and revenue 8.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from OGE Energy Corp.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.