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Side-by-side financial comparison of Orion S.A. (OEC) 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 $411.7M, roughly 1.8× Orion S.A.). On growth, OGE ENERGY CORP. posted the faster year-over-year revenue change (0.7% vs -5.2%). Over the past eight quarters, OGE ENERGY CORP.'s revenue compounded faster (8.1% CAGR vs -9.5%).

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

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...

OEC vs OGE — Head-to-Head

Bigger by revenue
OGE
OGE
1.8× larger
OGE
$752.6M
$411.7M
OEC
Growing faster (revenue YoY)
OGE
OGE
+5.8% gap
OGE
0.7%
-5.2%
OEC
Faster 2-yr revenue CAGR
OGE
OGE
Annualised
OGE
8.1%
-9.5%
OEC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OEC
OEC
OGE
OGE
Revenue
$411.7M
$752.6M
Net Profit
$50.2M
Gross Margin
18.9%
Operating Margin
4.3%
15.0%
Net Margin
6.7%
Revenue YoY
-5.2%
0.7%
Net Profit YoY
-19.9%
EPS (diluted)
$-0.36

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
OEC
OEC
OGE
OGE
Q1 26
$752.6M
Q4 25
$411.7M
$701.7M
Q3 25
$450.9M
$1.0B
Q2 25
$466.4M
$719.7M
Q1 25
$477.7M
$741.1M
Q4 24
$434.2M
$744.7M
Q3 24
$463.4M
$945.2M
Q2 24
$477.0M
$644.1M
Net Profit
OEC
OEC
OGE
OGE
Q1 26
$50.2M
Q4 25
$69.2M
Q3 25
$-67.1M
$231.3M
Q2 25
$9.0M
$107.5M
Q1 25
$9.1M
$62.7M
Q4 24
$101.9M
Q3 24
$-20.2M
$218.7M
Q2 24
$20.5M
$102.3M
Gross Margin
OEC
OEC
OGE
OGE
Q1 26
Q4 25
18.9%
59.2%
Q3 25
19.0%
62.2%
Q2 25
21.1%
63.7%
Q1 25
20.5%
56.3%
Q4 24
20.6%
59.7%
Q3 24
23.2%
63.0%
Q2 24
23.0%
69.9%
Operating Margin
OEC
OEC
OGE
OGE
Q1 26
15.0%
Q4 25
4.3%
19.7%
Q3 25
-11.9%
33.2%
Q2 25
6.9%
25.9%
Q1 25
6.5%
18.0%
Q4 24
5.4%
24.5%
Q3 24
-3.3%
33.1%
Q2 24
8.7%
27.3%
Net Margin
OEC
OEC
OGE
OGE
Q1 26
6.7%
Q4 25
9.9%
Q3 25
-14.9%
22.5%
Q2 25
1.9%
14.9%
Q1 25
1.9%
8.5%
Q4 24
13.7%
Q3 24
-4.4%
23.1%
Q2 24
4.3%
15.9%
EPS (diluted)
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$-0.36
$0.34
Q3 25
$-1.20
$1.14
Q2 25
$0.16
$0.53
Q1 25
$0.16
$0.31
Q4 24
$0.31
$0.50
Q3 24
$-0.35
$1.09
Q2 24
$0.35
$0.51

Balance Sheet & Financial Strength

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

Metric
OEC
OEC
OGE
OGE
Cash + ST InvestmentsLiquidity on hand
$60.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$384.6M
Total Assets
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$60.7M
$200.0K
Q3 25
$51.3M
$300.0K
Q2 25
$42.6M
$500.0K
Q1 25
$37.5M
$26.9M
Q4 24
$44.2M
$600.0K
Q3 24
$53.2M
$9.9M
Q2 24
$34.2M
$100.0K
Total Debt
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$5.4B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Stockholders' Equity
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$384.6M
$5.0B
Q3 25
$401.8M
$4.8B
Q2 25
$466.5M
$4.6B
Q1 25
$466.1M
$4.6B
Q4 24
$474.9M
$4.6B
Q3 24
$476.3M
$4.6B
Q2 24
$503.9M
$4.5B
Total Assets
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$1.9B
$14.4B
Q3 25
$2.0B
$14.3B
Q2 25
$2.0B
$14.1B
Q1 25
$2.0B
$14.0B
Q4 24
$1.9B
$13.7B
Q3 24
$2.0B
$13.5B
Q2 24
$1.9B
$13.2B
Debt / Equity
OEC
OEC
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
OEC
OEC
OGE
OGE
Operating Cash FlowLast quarter
$92.9M
Free Cash FlowOCF − Capex
$44.2M
FCF MarginFCF / Revenue
10.7%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$92.9M
$384.8M
Q3 25
$68.8M
$397.8M
Q2 25
$53.7M
$338.6M
Q1 25
$400.0K
$15.9M
Q4 24
$94.5M
$129.6M
Q3 24
$-30.9M
$347.1M
Q2 24
$29.3M
$253.1M
Free Cash Flow
OEC
OEC
OGE
OGE
Q1 26
Q4 25
$44.2M
$83.1M
Q3 25
$27.9M
$168.3M
Q2 25
$11.5M
$64.9M
Q1 25
$-28.8M
$-233.6M
Q4 24
$23.5M
$-167.0M
Q3 24
$-78.8M
$103.0M
Q2 24
$-25.4M
$-70.2M
FCF Margin
OEC
OEC
OGE
OGE
Q1 26
Q4 25
10.7%
11.8%
Q3 25
6.2%
16.4%
Q2 25
2.5%
9.0%
Q1 25
-6.0%
-31.5%
Q4 24
5.4%
-22.4%
Q3 24
-17.0%
10.9%
Q2 24
-5.3%
-10.9%
Capex Intensity
OEC
OEC
OGE
OGE
Q1 26
Q4 25
11.8%
43.0%
Q3 25
9.1%
22.3%
Q2 25
9.0%
38.0%
Q1 25
6.1%
33.7%
Q4 24
16.4%
39.8%
Q3 24
10.3%
25.8%
Q2 24
11.5%
50.2%
Cash Conversion
OEC
OEC
OGE
OGE
Q1 26
Q4 25
5.56×
Q3 25
1.72×
Q2 25
5.97×
3.15×
Q1 25
0.04×
0.25×
Q4 24
1.27×
Q3 24
1.59×
Q2 24
1.43×
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OEC
OEC

Rubber$272.0M66%
Specialties$139.7M34%

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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