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Side-by-side financial comparison of OGE ENERGY CORP. (OGE) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.

BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $752.6M, roughly 1.0× OGE ENERGY CORP.). OGE ENERGY CORP. runs the higher net margin — 6.7% vs 6.3%, a 0.4% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 0.7%). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 8.1%).

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...

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

OGE vs OWL — Head-to-Head

Bigger by revenue
OWL
OWL
1.0× larger
OWL
$755.6M
$752.6M
OGE
Growing faster (revenue YoY)
OWL
OWL
+19.0% gap
OWL
19.7%
0.7%
OGE
Higher net margin
OGE
OGE
0.4% more per $
OGE
6.7%
6.3%
OWL
Faster 2-yr revenue CAGR
OWL
OWL
Annualised
OWL
21.3%
8.1%
OGE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OGE
OGE
OWL
OWL
Revenue
$752.6M
$755.6M
Net Profit
$50.2M
$47.7M
Gross Margin
Operating Margin
15.0%
22.2%
Net Margin
6.7%
6.3%
Revenue YoY
0.7%
19.7%
Net Profit YoY
-19.9%
129.8%
EPS (diluted)
$0.07

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
OGE
OGE
OWL
OWL
Q1 26
$752.6M
Q4 25
$701.7M
$755.6M
Q3 25
$1.0B
$728.0M
Q2 25
$719.7M
$703.1M
Q1 25
$741.1M
$683.5M
Q4 24
$744.7M
$631.4M
Q3 24
$945.2M
$600.9M
Q2 24
$644.1M
$549.8M
Net Profit
OGE
OGE
OWL
OWL
Q1 26
$50.2M
Q4 25
$69.2M
$47.7M
Q3 25
$231.3M
$6.3M
Q2 25
$107.5M
$17.4M
Q1 25
$62.7M
$7.4M
Q4 24
$101.9M
$20.7M
Q3 24
$218.7M
$29.8M
Q2 24
$102.3M
$33.9M
Gross Margin
OGE
OGE
OWL
OWL
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
OGE
OGE
OWL
OWL
Q1 26
15.0%
Q4 25
19.7%
22.2%
Q3 25
33.2%
7.6%
Q2 25
25.9%
12.0%
Q1 25
18.0%
5.9%
Q4 24
24.5%
11.7%
Q3 24
33.1%
18.7%
Q2 24
27.3%
28.4%
Net Margin
OGE
OGE
OWL
OWL
Q1 26
6.7%
Q4 25
9.9%
6.3%
Q3 25
22.5%
0.9%
Q2 25
14.9%
2.5%
Q1 25
8.5%
1.1%
Q4 24
13.7%
3.3%
Q3 24
23.1%
5.0%
Q2 24
15.9%
6.2%
EPS (diluted)
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$0.34
$0.07
Q3 25
$1.14
$0.01
Q2 25
$0.53
$0.02
Q1 25
$0.31
$0.00
Q4 24
$0.50
$0.06
Q3 24
$1.09
$0.04
Q2 24
$0.51
$0.06

Balance Sheet & Financial Strength

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

Metric
OGE
OGE
OWL
OWL
Cash + ST InvestmentsLiquidity on hand
$194.5M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$2.2B
Total Assets
$12.5B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$200.0K
$194.5M
Q3 25
$300.0K
$137.3M
Q2 25
$500.0K
$117.6M
Q1 25
$26.9M
$97.6M
Q4 24
$600.0K
$152.1M
Q3 24
$9.9M
$115.9M
Q2 24
$100.0K
$436.8M
Total Debt
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$5.4B
$3.3B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$5.1B
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Stockholders' Equity
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$5.0B
$2.2B
Q3 25
$4.8B
$2.3B
Q2 25
$4.6B
$2.4B
Q1 25
$4.6B
$2.3B
Q4 24
$4.6B
$2.1B
Q3 24
$4.6B
$2.0B
Q2 24
$4.5B
$1.7B
Total Assets
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$14.4B
$12.5B
Q3 25
$14.3B
$12.5B
Q2 25
$14.1B
$12.3B
Q1 25
$14.0B
$12.3B
Q4 24
$13.7B
$11.0B
Q3 24
$13.5B
$10.8B
Q2 24
$13.2B
$9.7B
Debt / Equity
OGE
OGE
OWL
OWL
Q1 26
Q4 25
1.08×
1.51×
Q3 25
1.41×
Q2 25
1.38×
Q1 25
1.37×
Q4 24
1.09×
1.22×
Q3 24
1.27×
Q2 24
1.41×

Cash Flow & Capital Efficiency

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

Metric
OGE
OGE
OWL
OWL
Operating Cash FlowLast quarter
$382.9M
Free Cash FlowOCF − Capex
$359.1M
FCF MarginFCF / Revenue
47.5%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
8.03×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$384.8M
$382.9M
Q3 25
$397.8M
$433.1M
Q2 25
$338.6M
$422.5M
Q1 25
$15.9M
$17.6M
Q4 24
$129.6M
$324.0M
Q3 24
$347.1M
$326.0M
Q2 24
$253.1M
$302.3M
Free Cash Flow
OGE
OGE
OWL
OWL
Q1 26
Q4 25
$83.1M
$359.1M
Q3 25
$168.3M
$422.5M
Q2 25
$64.9M
$412.5M
Q1 25
$-233.6M
$4.2M
Q4 24
$-167.0M
$310.1M
Q3 24
$103.0M
$314.8M
Q2 24
$-70.2M
$269.4M
FCF Margin
OGE
OGE
OWL
OWL
Q1 26
Q4 25
11.8%
47.5%
Q3 25
16.4%
58.0%
Q2 25
9.0%
58.7%
Q1 25
-31.5%
0.6%
Q4 24
-22.4%
49.1%
Q3 24
10.9%
52.4%
Q2 24
-10.9%
49.0%
Capex Intensity
OGE
OGE
OWL
OWL
Q1 26
Q4 25
43.0%
3.1%
Q3 25
22.3%
1.5%
Q2 25
38.0%
1.4%
Q1 25
33.7%
2.0%
Q4 24
39.8%
2.2%
Q3 24
25.8%
1.9%
Q2 24
50.2%
6.0%
Cash Conversion
OGE
OGE
OWL
OWL
Q1 26
Q4 25
5.56×
8.03×
Q3 25
1.72×
68.64×
Q2 25
3.15×
24.25×
Q1 25
0.25×
2.37×
Q4 24
1.27×
15.62×
Q3 24
1.59×
10.94×
Q2 24
2.47×
8.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

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