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Side-by-side financial comparison of OGE ENERGY CORP. (OGE) and Transocean Ltd. (RIG). Click either name above to swap in a different company.

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $752.6M, roughly 1.4× OGE ENERGY CORP.). OGE ENERGY CORP. runs the higher net margin — 6.7% vs 2.4%, a 4.3% gap on every dollar of revenue. On growth, Transocean Ltd. posted the faster year-over-year revenue change (9.6% vs 0.7%). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% 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...

Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.

OGE vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.4× larger
RIG
$1.0B
$752.6M
OGE
Growing faster (revenue YoY)
RIG
RIG
+8.9% gap
RIG
9.6%
0.7%
OGE
Higher net margin
OGE
OGE
4.3% more per $
OGE
6.7%
2.4%
RIG
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
8.1%
OGE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OGE
OGE
RIG
RIG
Revenue
$752.6M
$1.0B
Net Profit
$50.2M
$25.0M
Gross Margin
42.0%
Operating Margin
15.0%
23.0%
Net Margin
6.7%
2.4%
Revenue YoY
0.7%
9.6%
Net Profit YoY
-19.9%
257.1%
EPS (diluted)
$0.13

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
RIG
RIG
Q1 26
$752.6M
Q4 25
$701.7M
$1.0B
Q3 25
$1.0B
$1.0B
Q2 25
$719.7M
$988.0M
Q1 25
$741.1M
$906.0M
Q4 24
$744.7M
$952.0M
Q3 24
$945.2M
$948.0M
Q2 24
$644.1M
$861.0M
Net Profit
OGE
OGE
RIG
RIG
Q1 26
$50.2M
Q4 25
$69.2M
$25.0M
Q3 25
$231.3M
$-1.9B
Q2 25
$107.5M
$-938.0M
Q1 25
$62.7M
$-79.0M
Q4 24
$101.9M
$7.0M
Q3 24
$218.7M
$-494.0M
Q2 24
$102.3M
$-123.0M
Gross Margin
OGE
OGE
RIG
RIG
Q1 26
Q4 25
59.2%
42.0%
Q3 25
62.2%
43.2%
Q2 25
63.7%
39.4%
Q1 25
56.3%
31.8%
Q4 24
59.7%
39.2%
Q3 24
63.0%
40.6%
Q2 24
69.9%
38.0%
Operating Margin
OGE
OGE
RIG
RIG
Q1 26
15.0%
Q4 25
19.7%
23.0%
Q3 25
33.2%
-163.1%
Q2 25
25.9%
-97.6%
Q1 25
18.0%
7.1%
Q4 24
24.5%
13.7%
Q3 24
33.1%
-51.2%
Q2 24
27.3%
-6.9%
Net Margin
OGE
OGE
RIG
RIG
Q1 26
6.7%
Q4 25
9.9%
2.4%
Q3 25
22.5%
-187.1%
Q2 25
14.9%
-94.9%
Q1 25
8.5%
-8.7%
Q4 24
13.7%
0.7%
Q3 24
23.1%
-52.1%
Q2 24
15.9%
-14.3%
EPS (diluted)
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$0.34
$0.13
Q3 25
$1.14
$-2.00
Q2 25
$0.53
$-1.06
Q1 25
$0.31
$-0.11
Q4 24
$0.50
$-0.14
Q3 24
$1.09
$-0.58
Q2 24
$0.51
$-0.15

Balance Sheet & Financial Strength

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

Metric
OGE
OGE
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$8.1B
Total Assets
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$200.0K
$620.0M
Q3 25
$300.0K
$833.0M
Q2 25
$500.0K
$377.0M
Q1 25
$26.9M
$263.0M
Q4 24
$600.0K
$560.0M
Q3 24
$9.9M
$435.0M
Q2 24
$100.0K
$475.0M
Total Debt
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$5.4B
$5.2B
Q3 25
$4.8B
Q2 25
$5.9B
Q1 25
$5.9B
Q4 24
$5.1B
$6.2B
Q3 24
$6.5B
Q2 24
$6.8B
Stockholders' Equity
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$5.0B
$8.1B
Q3 25
$4.8B
$8.1B
Q2 25
$4.6B
$9.4B
Q1 25
$4.6B
$10.2B
Q4 24
$4.6B
$10.3B
Q3 24
$4.6B
$10.2B
Q2 24
$4.5B
$10.7B
Total Assets
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$14.4B
$15.6B
Q3 25
$14.3B
$16.2B
Q2 25
$14.1B
$17.8B
Q1 25
$14.0B
$19.0B
Q4 24
$13.7B
$19.4B
Q3 24
$13.5B
$19.5B
Q2 24
$13.2B
$20.3B
Debt / Equity
OGE
OGE
RIG
RIG
Q1 26
Q4 25
1.08×
0.64×
Q3 25
0.60×
Q2 25
0.63×
Q1 25
0.58×
Q4 24
1.09×
0.60×
Q3 24
0.64×
Q2 24
0.63×

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
RIG
RIG
Operating Cash FlowLast quarter
$349.0M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
13.96×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$384.8M
$349.0M
Q3 25
$397.8M
$246.0M
Q2 25
$338.6M
$128.0M
Q1 25
$15.9M
$26.0M
Q4 24
$129.6M
$206.0M
Q3 24
$347.1M
$194.0M
Q2 24
$253.1M
$133.0M
Free Cash Flow
OGE
OGE
RIG
RIG
Q1 26
Q4 25
$83.1M
$321.0M
Q3 25
$168.3M
$235.0M
Q2 25
$64.9M
$104.0M
Q1 25
$-233.6M
$-34.0M
Q4 24
$-167.0M
$177.0M
Q3 24
$103.0M
$136.0M
Q2 24
$-70.2M
$49.0M
FCF Margin
OGE
OGE
RIG
RIG
Q1 26
Q4 25
11.8%
30.8%
Q3 25
16.4%
22.9%
Q2 25
9.0%
10.5%
Q1 25
-31.5%
-3.8%
Q4 24
-22.4%
18.6%
Q3 24
10.9%
14.3%
Q2 24
-10.9%
5.7%
Capex Intensity
OGE
OGE
RIG
RIG
Q1 26
Q4 25
43.0%
2.7%
Q3 25
22.3%
1.1%
Q2 25
38.0%
2.4%
Q1 25
33.7%
6.6%
Q4 24
39.8%
3.0%
Q3 24
25.8%
6.1%
Q2 24
50.2%
9.8%
Cash Conversion
OGE
OGE
RIG
RIG
Q1 26
Q4 25
5.56×
13.96×
Q3 25
1.72×
Q2 25
3.15×
Q1 25
0.25×
Q4 24
1.27×
29.43×
Q3 24
1.59×
Q2 24
2.47×

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%

RIG
RIG

Ultra Deepwater Floaters$433.0M42%
BR$236.0M23%
Other Geographical$211.0M20%
Harsh Environment Floaters$163.0M16%

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