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Side-by-side financial comparison of Dutch Bros Inc. (BROS) and OGE ENERGY CORP. (OGE). Click either name above to swap in a different company.

OGE ENERGY CORP. is the larger business by last-quarter revenue ($752.6M vs $443.6M, roughly 1.7× Dutch Bros Inc.). OGE ENERGY CORP. runs the higher net margin — 6.7% vs 4.8%, a 1.9% gap on every dollar of revenue. On growth, Dutch Bros Inc. posted the faster year-over-year revenue change (29.4% vs 0.7%). Over the past eight quarters, Dutch Bros Inc.'s revenue compounded faster (27.0% CAGR vs 8.1%).

Dutch Bros Inc., originally written Dutch Bros., is a publicly held drive-through coffee chain in the United States. Founded in 1992 by Dane and Travis Boersma, it is headquartered in Tempe, Arizona, after having been based in Grants Pass, Oregon, for many years prior to 2025. It has company-owned and franchise locations primarily located in the Western United States, although the company has expanded as far east as Orlando, Florida.

Oklahoma Gas & Electric Company is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. It is the leading subsidiary of OGE Energy Corp., with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, in 2021 OGE and CenterP...

BROS vs OGE — Head-to-Head

Bigger by revenue
OGE
OGE
1.7× larger
OGE
$752.6M
$443.6M
BROS
Growing faster (revenue YoY)
BROS
BROS
+28.8% gap
BROS
29.4%
0.7%
OGE
Higher net margin
OGE
OGE
1.9% more per $
OGE
6.7%
4.8%
BROS
Faster 2-yr revenue CAGR
BROS
BROS
Annualised
BROS
27.0%
8.1%
OGE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BROS
BROS
OGE
OGE
Revenue
$443.6M
$752.6M
Net Profit
$21.4M
$50.2M
Gross Margin
24.1%
Operating Margin
7.7%
15.0%
Net Margin
4.8%
6.7%
Revenue YoY
29.4%
0.7%
Net Profit YoY
491.6%
-19.9%
EPS (diluted)
$0.17

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
BROS
BROS
OGE
OGE
Q1 26
$752.6M
Q4 25
$443.6M
$701.7M
Q3 25
$423.6M
$1.0B
Q2 25
$415.8M
$719.7M
Q1 25
$355.2M
$741.1M
Q4 24
$342.8M
$744.7M
Q3 24
$338.2M
$945.2M
Q2 24
$324.9M
$644.1M
Net Profit
BROS
BROS
OGE
OGE
Q1 26
$50.2M
Q4 25
$21.4M
$69.2M
Q3 25
$17.5M
$231.3M
Q2 25
$25.6M
$107.5M
Q1 25
$15.4M
$62.7M
Q4 24
$3.6M
$101.9M
Q3 24
$12.6M
$218.7M
Q2 24
$11.9M
$102.3M
Gross Margin
BROS
BROS
OGE
OGE
Q1 26
Q4 25
24.1%
59.2%
Q3 25
25.2%
62.2%
Q2 25
28.9%
63.7%
Q1 25
25.3%
56.3%
Q4 24
25.7%
59.7%
Q3 24
26.6%
63.0%
Q2 24
27.8%
69.9%
Operating Margin
BROS
BROS
OGE
OGE
Q1 26
15.0%
Q4 25
7.7%
19.7%
Q3 25
9.8%
33.2%
Q2 25
13.1%
25.9%
Q1 25
8.7%
18.0%
Q4 24
4.6%
24.5%
Q3 24
9.6%
33.1%
Q2 24
9.9%
27.3%
Net Margin
BROS
BROS
OGE
OGE
Q1 26
6.7%
Q4 25
4.8%
9.9%
Q3 25
4.1%
22.5%
Q2 25
6.2%
14.9%
Q1 25
4.3%
8.5%
Q4 24
1.1%
13.7%
Q3 24
3.7%
23.1%
Q2 24
3.7%
15.9%
EPS (diluted)
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$0.17
$0.34
Q3 25
$0.14
$1.14
Q2 25
$0.20
$0.53
Q1 25
$0.13
$0.31
Q4 24
$0.03
$0.50
Q3 24
$0.11
$1.09
Q2 24
$0.12
$0.51

Balance Sheet & Financial Strength

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

Metric
BROS
BROS
OGE
OGE
Cash + ST InvestmentsLiquidity on hand
$269.4M
Total DebtLower is stronger
$202.5M
Stockholders' EquityBook value
$680.8M
Total Assets
$3.0B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$269.4M
$200.0K
Q3 25
$267.2M
$300.0K
Q2 25
$254.4M
$500.0K
Q1 25
$316.4M
$26.9M
Q4 24
$293.4M
$600.0K
Q3 24
$281.1M
$9.9M
Q2 24
$260.9M
$100.0K
Total Debt
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$202.5M
$5.4B
Q3 25
$202.3M
Q2 25
$203.3M
Q1 25
$284.2M
Q4 24
$238.0M
$5.1B
Q3 24
$241.2M
Q2 24
$244.3M
Stockholders' Equity
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$680.8M
$5.0B
Q3 25
$656.6M
$4.8B
Q2 25
$636.2M
$4.6B
Q1 25
$599.1M
$4.6B
Q4 24
$537.4M
$4.6B
Q3 24
$523.1M
$4.6B
Q2 24
$509.1M
$4.5B
Total Assets
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$3.0B
$14.4B
Q3 25
$2.9B
$14.3B
Q2 25
$2.8B
$14.1B
Q1 25
$2.8B
$14.0B
Q4 24
$2.5B
$13.7B
Q3 24
$2.4B
$13.5B
Q2 24
$2.4B
$13.2B
Debt / Equity
BROS
BROS
OGE
OGE
Q1 26
Q4 25
0.30×
1.08×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.47×
Q4 24
0.44×
1.09×
Q3 24
0.46×
Q2 24
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BROS
BROS
OGE
OGE
Operating Cash FlowLast quarter
$79.6M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
1.9%
Capex IntensityCapex / Revenue
16.0%
Cash ConversionOCF / Net Profit
3.73×
TTM Free Cash FlowTrailing 4 quarters
$54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$79.6M
$384.8M
Q3 25
$89.1M
$397.8M
Q2 25
$89.9M
$338.6M
Q1 25
$36.9M
$15.9M
Q4 24
$62.2M
$129.6M
Q3 24
$83.5M
$347.1M
Q2 24
$59.5M
$253.1M
Free Cash Flow
BROS
BROS
OGE
OGE
Q1 26
Q4 25
$8.5M
$83.1M
Q3 25
$18.9M
$168.3M
Q2 25
$35.7M
$64.9M
Q1 25
$-8.7M
$-233.6M
Q4 24
$19.5M
$-167.0M
Q3 24
$26.4M
$103.0M
Q2 24
$-4.9M
$-70.2M
FCF Margin
BROS
BROS
OGE
OGE
Q1 26
Q4 25
1.9%
11.8%
Q3 25
4.5%
16.4%
Q2 25
8.6%
9.0%
Q1 25
-2.4%
-31.5%
Q4 24
5.7%
-22.4%
Q3 24
7.8%
10.9%
Q2 24
-1.5%
-10.9%
Capex Intensity
BROS
BROS
OGE
OGE
Q1 26
Q4 25
16.0%
43.0%
Q3 25
16.6%
22.3%
Q2 25
13.0%
38.0%
Q1 25
12.8%
33.7%
Q4 24
12.5%
39.8%
Q3 24
16.9%
25.8%
Q2 24
19.8%
50.2%
Cash Conversion
BROS
BROS
OGE
OGE
Q1 26
Q4 25
3.73×
5.56×
Q3 25
5.09×
1.72×
Q2 25
3.51×
3.15×
Q1 25
2.40×
0.25×
Q4 24
17.23×
1.27×
Q3 24
6.60×
1.59×
Q2 24
4.99×
2.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BROS
BROS

Company Operated Shops$409.6M92%
Franchise Fees$32.3M7%
Other$1.8M0%

OGE
OGE

Residential$260.4M35%
Commercial$212.0M28%
Public authorities and street light$61.9M8%
Industrial$60.7M8%
Oilfield$58.4M8%
Integrated market$47.3M6%
Transmission$40.7M5%

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