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Side-by-side financial comparison of Essex Property Trust (ESS) 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 $479.6M, roughly 1.6× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 6.7%, a 11.2% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 0.7%). Over the past eight quarters, OGE ENERGY CORP.'s revenue compounded faster (8.1% CAGR vs 6.0%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

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...

ESS vs OGE — Head-to-Head

Bigger by revenue
OGE
OGE
1.6× larger
OGE
$752.6M
$479.6M
ESS
Growing faster (revenue YoY)
ESS
ESS
+4.9% gap
ESS
5.5%
0.7%
OGE
Higher net margin
ESS
ESS
11.2% more per $
ESS
17.9%
6.7%
OGE
Faster 2-yr revenue CAGR
OGE
OGE
Annualised
OGE
8.1%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
OGE
OGE
Revenue
$479.6M
$752.6M
Net Profit
$85.7M
$50.2M
Gross Margin
70.0%
Operating Margin
31.7%
15.0%
Net Margin
17.9%
6.7%
Revenue YoY
5.5%
0.7%
Net Profit YoY
-71.6%
-19.9%
EPS (diluted)
$1.24

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
ESS
ESS
OGE
OGE
Q1 26
$752.6M
Q4 25
$479.6M
$701.7M
Q3 25
$473.3M
$1.0B
Q2 25
$469.8M
$719.7M
Q1 25
$464.6M
$741.1M
Q4 24
$454.5M
$744.7M
Q3 24
$450.7M
$945.2M
Q2 24
$442.4M
$644.1M
Net Profit
ESS
ESS
OGE
OGE
Q1 26
$50.2M
Q4 25
$85.7M
$69.2M
Q3 25
$172.7M
$231.3M
Q2 25
$231.5M
$107.5M
Q1 25
$212.8M
$62.7M
Q4 24
$301.7M
$101.9M
Q3 24
$125.5M
$218.7M
Q2 24
$99.0M
$102.3M
Gross Margin
ESS
ESS
OGE
OGE
Q1 26
Q4 25
70.0%
59.2%
Q3 25
69.2%
62.2%
Q2 25
70.7%
63.7%
Q1 25
69.6%
56.3%
Q4 24
70.0%
59.7%
Q3 24
69.5%
63.0%
Q2 24
70.8%
69.9%
Operating Margin
ESS
ESS
OGE
OGE
Q1 26
15.0%
Q4 25
31.7%
19.7%
Q3 25
44.5%
33.2%
Q2 25
59.5%
25.9%
Q1 25
55.3%
18.0%
Q4 24
67.0%
24.5%
Q3 24
28.6%
33.1%
Q2 24
31.1%
27.3%
Net Margin
ESS
ESS
OGE
OGE
Q1 26
6.7%
Q4 25
17.9%
9.9%
Q3 25
36.5%
22.5%
Q2 25
49.3%
14.9%
Q1 25
45.8%
8.5%
Q4 24
66.4%
13.7%
Q3 24
27.8%
23.1%
Q2 24
22.4%
15.9%
EPS (diluted)
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$1.24
$0.34
Q3 25
$2.56
$1.14
Q2 25
$3.44
$0.53
Q1 25
$3.16
$0.31
Q4 24
$4.00
$0.50
Q3 24
$1.84
$1.09
Q2 24
$1.45
$0.51

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
OGE
OGE
Cash + ST InvestmentsLiquidity on hand
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
Total Assets
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$76.2M
$200.0K
Q3 25
$66.0M
$300.0K
Q2 25
$58.7M
$500.0K
Q1 25
$98.7M
$26.9M
Q4 24
$66.8M
$600.0K
Q3 24
$71.3M
$9.9M
Q2 24
$55.2M
$100.0K
Total Debt
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$5.4B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$5.1B
Q3 24
$6.4B
Q2 24
$6.2B
Stockholders' Equity
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$5.5B
$5.0B
Q3 25
$5.6B
$4.8B
Q2 25
$5.6B
$4.6B
Q1 25
$5.6B
$4.6B
Q4 24
$5.5B
$4.6B
Q3 24
$5.4B
$4.6B
Q2 24
$5.5B
$4.5B
Total Assets
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$13.2B
$14.4B
Q3 25
$13.2B
$14.3B
Q2 25
$13.2B
$14.1B
Q1 25
$13.2B
$14.0B
Q4 24
$12.9B
$13.7B
Q3 24
$12.6B
$13.5B
Q2 24
$12.5B
$13.2B
Debt / Equity
ESS
ESS
OGE
OGE
Q1 26
Q4 25
1.08×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
1.09×
Q3 24
1.18×
Q2 24
1.13×

Cash Flow & Capital Efficiency

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

Metric
ESS
ESS
OGE
OGE
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$1.1B
$384.8M
Q3 25
$342.6M
$397.8M
Q2 25
$216.1M
$338.6M
Q1 25
$281.5M
$15.9M
Q4 24
$1.1B
$129.6M
Q3 24
$316.2M
$347.1M
Q2 24
$218.9M
$253.1M
Free Cash Flow
ESS
ESS
OGE
OGE
Q1 26
Q4 25
$83.1M
Q3 25
$168.3M
Q2 25
$64.9M
Q1 25
$-233.6M
Q4 24
$-167.0M
Q3 24
$103.0M
Q2 24
$-70.2M
FCF Margin
ESS
ESS
OGE
OGE
Q1 26
Q4 25
11.8%
Q3 25
16.4%
Q2 25
9.0%
Q1 25
-31.5%
Q4 24
-22.4%
Q3 24
10.9%
Q2 24
-10.9%
Capex Intensity
ESS
ESS
OGE
OGE
Q1 26
Q4 25
43.0%
Q3 25
22.3%
Q2 25
38.0%
Q1 25
33.7%
Q4 24
39.8%
Q3 24
25.8%
Q2 24
50.2%
Cash Conversion
ESS
ESS
OGE
OGE
Q1 26
Q4 25
12.53×
5.56×
Q3 25
1.98×
1.72×
Q2 25
0.93×
3.15×
Q1 25
1.32×
0.25×
Q4 24
3.54×
1.27×
Q3 24
2.52×
1.59×
Q2 24
2.21×
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

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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