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

OGE ENERGY CORP. is the larger business by last-quarter revenue ($752.6M vs $375.3M, roughly 2.0× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 6.7%, a 18.3% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 0.7%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% 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...

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

OGE vs RGLD — Head-to-Head

Bigger by revenue
OGE
OGE
2.0× larger
OGE
$752.6M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+84.6% gap
RGLD
85.3%
0.7%
OGE
Higher net margin
RGLD
RGLD
18.3% more per $
RGLD
24.9%
6.7%
OGE
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
8.1%
OGE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OGE
OGE
RGLD
RGLD
Revenue
$752.6M
$375.3M
Net Profit
$50.2M
$93.6M
Gross Margin
64.6%
Operating Margin
15.0%
56.2%
Net Margin
6.7%
24.9%
Revenue YoY
0.7%
85.3%
Net Profit YoY
-19.9%
-12.8%
EPS (diluted)
$1.04

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
RGLD
RGLD
Q1 26
$752.6M
Q4 25
$701.7M
$375.3M
Q3 25
$1.0B
$252.1M
Q2 25
$719.7M
$209.6M
Q1 25
$741.1M
$193.4M
Q4 24
$744.7M
$202.6M
Q3 24
$945.2M
$193.8M
Q2 24
$644.1M
$174.1M
Net Profit
OGE
OGE
RGLD
RGLD
Q1 26
$50.2M
Q4 25
$69.2M
$93.6M
Q3 25
$231.3M
$126.8M
Q2 25
$107.5M
$132.3M
Q1 25
$62.7M
$113.5M
Q4 24
$101.9M
$107.4M
Q3 24
$218.7M
$96.2M
Q2 24
$102.3M
$81.2M
Gross Margin
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
59.2%
64.6%
Q3 25
62.2%
73.6%
Q2 25
63.7%
72.6%
Q1 25
56.3%
69.4%
Q4 24
59.7%
70.3%
Q3 24
63.0%
66.6%
Q2 24
69.9%
64.7%
Operating Margin
OGE
OGE
RGLD
RGLD
Q1 26
15.0%
Q4 25
19.7%
56.2%
Q3 25
33.2%
64.4%
Q2 25
25.9%
67.7%
Q1 25
18.0%
63.6%
Q4 24
24.5%
65.9%
Q3 24
33.1%
61.3%
Q2 24
27.3%
58.6%
Net Margin
OGE
OGE
RGLD
RGLD
Q1 26
6.7%
Q4 25
9.9%
24.9%
Q3 25
22.5%
50.3%
Q2 25
14.9%
63.1%
Q1 25
8.5%
58.7%
Q4 24
13.7%
53.0%
Q3 24
23.1%
49.7%
Q2 24
15.9%
46.6%
EPS (diluted)
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$0.34
$1.04
Q3 25
$1.14
$1.92
Q2 25
$0.53
$2.01
Q1 25
$0.31
$1.72
Q4 24
$0.50
$1.63
Q3 24
$1.09
$1.46
Q2 24
$0.51
$1.23

Balance Sheet & Financial Strength

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

Metric
OGE
OGE
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$233.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.2B
Total Assets
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$200.0K
$233.7M
Q3 25
$300.0K
$172.8M
Q2 25
$500.0K
$248.2M
Q1 25
$26.9M
$240.8M
Q4 24
$600.0K
$195.5M
Q3 24
$9.9M
$127.9M
Q2 24
$100.0K
$74.2M
Total Debt
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$5.4B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
$0
Q2 24
$50.0M
Stockholders' Equity
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$5.0B
$7.2B
Q3 25
$4.8B
$3.4B
Q2 25
$4.6B
$3.3B
Q1 25
$4.6B
$3.2B
Q4 24
$4.6B
$3.1B
Q3 24
$4.6B
$3.0B
Q2 24
$4.5B
$3.0B
Total Assets
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$14.4B
$9.5B
Q3 25
$14.3B
$4.5B
Q2 25
$14.1B
$3.6B
Q1 25
$14.0B
$3.5B
Q4 24
$13.7B
$3.4B
Q3 24
$13.5B
$3.3B
Q2 24
$13.2B
$3.3B
Debt / Equity
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
1.08×
Q3 25
Q2 25
Q1 25
Q4 24
1.09×
Q3 24
0.00×
Q2 24
0.02×

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
RGLD
RGLD
Operating Cash FlowLast quarter
$241.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
$384.8M
$241.7M
Q3 25
$397.8M
$174.0M
Q2 25
$338.6M
$152.8M
Q1 25
$15.9M
$136.4M
Q4 24
$129.6M
$141.1M
Q3 24
$347.1M
$136.7M
Q2 24
$253.1M
$113.5M
Free Cash Flow
OGE
OGE
RGLD
RGLD
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
OGE
OGE
RGLD
RGLD
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
OGE
OGE
RGLD
RGLD
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
OGE
OGE
RGLD
RGLD
Q1 26
Q4 25
5.56×
2.58×
Q3 25
1.72×
1.37×
Q2 25
3.15×
1.15×
Q1 25
0.25×
1.20×
Q4 24
1.27×
1.31×
Q3 24
1.59×
1.42×
Q2 24
2.47×
1.40×

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%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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