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Side-by-side financial comparison of MetLife (MET) 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 $600.0M, roughly 1.3× MetLife). MetLife runs the higher net margin — 134.8% vs 6.7%, a 128.2% gap on every dollar of revenue. On growth, MetLife posted the faster year-over-year revenue change (7.9% vs 0.7%). Over the past eight quarters, OGE ENERGY CORP.'s revenue compounded faster (8.1% CAGR vs 2.0%).

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

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...

MET vs OGE — Head-to-Head

Bigger by revenue
OGE
OGE
1.3× larger
OGE
$752.6M
$600.0M
MET
Growing faster (revenue YoY)
MET
MET
+7.3% gap
MET
7.9%
0.7%
OGE
Higher net margin
MET
MET
128.2% more per $
MET
134.8%
6.7%
OGE
Faster 2-yr revenue CAGR
OGE
OGE
Annualised
OGE
8.1%
2.0%
MET

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MET
MET
OGE
OGE
Revenue
$600.0M
$752.6M
Net Profit
$809.0M
$50.2M
Gross Margin
Operating Margin
15.0%
Net Margin
134.8%
6.7%
Revenue YoY
7.9%
0.7%
Net Profit YoY
-36.3%
-19.9%
EPS (diluted)
$1.18

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
MET
MET
OGE
OGE
Q1 26
$752.6M
Q4 25
$600.0M
$701.7M
Q3 25
$621.0M
$1.0B
Q2 25
$604.0M
$719.7M
Q1 25
$611.0M
$741.1M
Q4 24
$556.0M
$744.7M
Q3 24
$554.0M
$945.2M
Q2 24
$558.0M
$644.1M
Net Profit
MET
MET
OGE
OGE
Q1 26
$50.2M
Q4 25
$809.0M
$69.2M
Q3 25
$896.0M
$231.3M
Q2 25
$729.0M
$107.5M
Q1 25
$945.0M
$62.7M
Q4 24
$1.3B
$101.9M
Q3 24
$1.3B
$218.7M
Q2 24
$946.0M
$102.3M
Gross Margin
MET
MET
OGE
OGE
Q1 26
Q4 25
59.2%
Q3 25
62.2%
Q2 25
63.7%
Q1 25
56.3%
Q4 24
59.7%
Q3 24
63.0%
Q2 24
69.9%
Operating Margin
MET
MET
OGE
OGE
Q1 26
15.0%
Q4 25
19.7%
Q3 25
33.2%
Q2 25
25.9%
Q1 25
18.0%
Q4 24
24.5%
Q3 24
33.1%
Q2 24
27.3%
Net Margin
MET
MET
OGE
OGE
Q1 26
6.7%
Q4 25
134.8%
9.9%
Q3 25
144.3%
22.5%
Q2 25
120.7%
14.9%
Q1 25
154.7%
8.5%
Q4 24
228.6%
13.7%
Q3 24
242.2%
23.1%
Q2 24
169.5%
15.9%
EPS (diluted)
MET
MET
OGE
OGE
Q1 26
Q4 25
$1.18
$0.34
Q3 25
$1.22
$1.14
Q2 25
$1.03
$0.53
Q1 25
$1.28
$0.31
Q4 24
$1.75
$0.50
Q3 24
$1.81
$1.09
Q2 24
$1.28
$0.51

Balance Sheet & Financial Strength

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

Metric
MET
MET
OGE
OGE
Cash + ST InvestmentsLiquidity on hand
$25.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4B
Total Assets
$745.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MET
MET
OGE
OGE
Q1 26
Q4 25
$25.6B
$200.0K
Q3 25
$26.2B
$300.0K
Q2 25
$27.5B
$500.0K
Q1 25
$26.9B
$26.9M
Q4 24
$25.2B
$600.0K
Q3 24
$26.4B
$9.9M
Q2 24
$24.6B
$100.0K
Total Debt
MET
MET
OGE
OGE
Q1 26
Q4 25
$5.4B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Stockholders' Equity
MET
MET
OGE
OGE
Q1 26
Q4 25
$28.4B
$5.0B
Q3 25
$28.9B
$4.8B
Q2 25
$27.7B
$4.6B
Q1 25
$27.5B
$4.6B
Q4 24
$27.4B
$4.6B
Q3 24
$30.9B
$4.6B
Q2 24
$27.3B
$4.5B
Total Assets
MET
MET
OGE
OGE
Q1 26
Q4 25
$745.2B
$14.4B
Q3 25
$719.7B
$14.3B
Q2 25
$702.5B
$14.1B
Q1 25
$688.3B
$14.0B
Q4 24
$677.5B
$13.7B
Q3 24
$705.0B
$13.5B
Q2 24
$675.7B
$13.2B
Debt / Equity
MET
MET
OGE
OGE
Q1 26
Q4 25
1.08×
Q3 25
Q2 25
Q1 25
Q4 24
1.09×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MET
MET
OGE
OGE
Operating Cash FlowLast quarter
$7.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
8.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MET
MET
OGE
OGE
Q1 26
Q4 25
$7.1B
$384.8M
Q3 25
$3.6B
$397.8M
Q2 25
$2.2B
$338.6M
Q1 25
$4.3B
$15.9M
Q4 24
$4.6B
$129.6M
Q3 24
$4.2B
$347.1M
Q2 24
$3.5B
$253.1M
Free Cash Flow
MET
MET
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
MET
MET
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
MET
MET
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
MET
MET
OGE
OGE
Q1 26
Q4 25
8.75×
5.56×
Q3 25
3.98×
1.72×
Q2 25
3.00×
3.15×
Q1 25
4.51×
0.25×
Q4 24
3.63×
1.27×
Q3 24
3.11×
1.59×
Q2 24
3.69×
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MET
MET

Other$165.0M28%
Prepaidlegalplansandadministrativeonlycontracts$158.0M26%
Vision Fee For Service Arrangements$140.0M23%
Administrative Service$76.0M13%
Distribution Service$36.0M6%
Feebasedinvestmentmanagementservices$25.0M4%

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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