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Side-by-side financial comparison of OGE ENERGY CORP. (OGE) and West Pharmaceutical Services (WST). Click either name above to swap in a different company.

West Pharmaceutical Services is the larger business by last-quarter revenue ($805.0M vs $752.6M, roughly 1.1× OGE ENERGY CORP.). West Pharmaceutical Services runs the higher net margin — 16.4% vs 6.7%, a 9.7% gap on every dollar of revenue. On growth, West Pharmaceutical Services posted the faster year-over-year revenue change (7.5% vs 0.7%). Over the past eight quarters, OGE ENERGY CORP.'s revenue compounded faster (8.1% CAGR vs 7.6%).

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...

West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. Founded in 1923 by Herman O. West and J.R. Wike of Philadelphia, the company is headquartered in Exton, Pennsylvania. In its early years of development, West produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin.

OGE vs WST — Head-to-Head

Bigger by revenue
WST
WST
1.1× larger
WST
$805.0M
$752.6M
OGE
Growing faster (revenue YoY)
WST
WST
+6.8% gap
WST
7.5%
0.7%
OGE
Higher net margin
WST
WST
9.7% more per $
WST
16.4%
6.7%
OGE
Faster 2-yr revenue CAGR
OGE
OGE
Annualised
OGE
8.1%
7.6%
WST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OGE
OGE
WST
WST
Revenue
$752.6M
$805.0M
Net Profit
$50.2M
$132.1M
Gross Margin
37.8%
Operating Margin
15.0%
19.5%
Net Margin
6.7%
16.4%
Revenue YoY
0.7%
7.5%
Net Profit YoY
-19.9%
1.5%
EPS (diluted)
$1.82

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
WST
WST
Q1 26
$752.6M
Q4 25
$701.7M
$805.0M
Q3 25
$1.0B
$804.6M
Q2 25
$719.7M
$766.5M
Q1 25
$741.1M
$698.0M
Q4 24
$744.7M
$748.8M
Q3 24
$945.2M
$746.9M
Q2 24
$644.1M
$702.1M
Net Profit
OGE
OGE
WST
WST
Q1 26
$50.2M
Q4 25
$69.2M
$132.1M
Q3 25
$231.3M
$140.0M
Q2 25
$107.5M
$131.8M
Q1 25
$62.7M
$89.8M
Q4 24
$101.9M
$130.1M
Q3 24
$218.7M
$136.0M
Q2 24
$102.3M
$111.3M
Gross Margin
OGE
OGE
WST
WST
Q1 26
Q4 25
59.2%
37.8%
Q3 25
62.2%
36.6%
Q2 25
63.7%
35.7%
Q1 25
56.3%
33.2%
Q4 24
59.7%
36.5%
Q3 24
63.0%
35.4%
Q2 24
69.9%
32.8%
Operating Margin
OGE
OGE
WST
WST
Q1 26
15.0%
Q4 25
19.7%
19.5%
Q3 25
33.2%
20.8%
Q2 25
25.9%
20.1%
Q1 25
18.0%
15.3%
Q4 24
24.5%
21.3%
Q3 24
33.1%
21.6%
Q2 24
27.3%
18.0%
Net Margin
OGE
OGE
WST
WST
Q1 26
6.7%
Q4 25
9.9%
16.4%
Q3 25
22.5%
17.4%
Q2 25
14.9%
17.2%
Q1 25
8.5%
12.9%
Q4 24
13.7%
17.4%
Q3 24
23.1%
18.2%
Q2 24
15.9%
15.9%
EPS (diluted)
OGE
OGE
WST
WST
Q1 26
Q4 25
$0.34
$1.82
Q3 25
$1.14
$1.92
Q2 25
$0.53
$1.82
Q1 25
$0.31
$1.23
Q4 24
$0.50
$1.78
Q3 24
$1.09
$1.85
Q2 24
$0.51
$1.51

Balance Sheet & Financial Strength

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

Metric
OGE
OGE
WST
WST
Cash + ST InvestmentsLiquidity on hand
$791.3M
Total DebtLower is stronger
$202.8M
Stockholders' EquityBook value
$3.2B
Total Assets
$4.3B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGE
OGE
WST
WST
Q1 26
Q4 25
$200.0K
$791.3M
Q3 25
$300.0K
$628.5M
Q2 25
$500.0K
$509.7M
Q1 25
$26.9M
$404.2M
Q4 24
$600.0K
$484.6M
Q3 24
$9.9M
$490.9M
Q2 24
$100.0K
$446.2M
Total Debt
OGE
OGE
WST
WST
Q1 26
Q4 25
$5.4B
$202.8M
Q3 25
$202.7M
Q2 25
$202.6M
Q1 25
$202.6M
Q4 24
$5.1B
$202.6M
Q3 24
$202.6M
Q2 24
$205.8M
Stockholders' Equity
OGE
OGE
WST
WST
Q1 26
Q4 25
$5.0B
$3.2B
Q3 25
$4.8B
$3.1B
Q2 25
$4.6B
$2.9B
Q1 25
$4.6B
$2.7B
Q4 24
$4.6B
$2.7B
Q3 24
$4.6B
$2.8B
Q2 24
$4.5B
$2.6B
Total Assets
OGE
OGE
WST
WST
Q1 26
Q4 25
$14.4B
$4.3B
Q3 25
$14.3B
$4.1B
Q2 25
$14.1B
$4.0B
Q1 25
$14.0B
$3.6B
Q4 24
$13.7B
$3.6B
Q3 24
$13.5B
$3.7B
Q2 24
$13.2B
$3.5B
Debt / Equity
OGE
OGE
WST
WST
Q1 26
Q4 25
1.08×
0.06×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.08×
Q4 24
1.09×
0.08×
Q3 24
0.07×
Q2 24
0.08×

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
WST
WST
Operating Cash FlowLast quarter
$251.1M
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
21.7%
Capex IntensityCapex / Revenue
9.5%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$468.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGE
OGE
WST
WST
Q1 26
Q4 25
$384.8M
$251.1M
Q3 25
$397.8M
$197.2M
Q2 25
$338.6M
$177.1M
Q1 25
$15.9M
$129.4M
Q4 24
$129.6M
$190.1M
Q3 24
$347.1M
$180.1M
Q2 24
$253.1M
$165.0M
Free Cash Flow
OGE
OGE
WST
WST
Q1 26
Q4 25
$83.1M
$175.0M
Q3 25
$168.3M
$133.9M
Q2 25
$64.9M
$101.9M
Q1 25
$-233.6M
$58.1M
Q4 24
$-167.0M
$85.2M
Q3 24
$103.0M
$98.8M
Q2 24
$-70.2M
$64.8M
FCF Margin
OGE
OGE
WST
WST
Q1 26
Q4 25
11.8%
21.7%
Q3 25
16.4%
16.6%
Q2 25
9.0%
13.3%
Q1 25
-31.5%
8.3%
Q4 24
-22.4%
11.4%
Q3 24
10.9%
13.2%
Q2 24
-10.9%
9.2%
Capex Intensity
OGE
OGE
WST
WST
Q1 26
Q4 25
43.0%
9.5%
Q3 25
22.3%
7.9%
Q2 25
38.0%
9.8%
Q1 25
33.7%
10.2%
Q4 24
39.8%
14.0%
Q3 24
25.8%
10.9%
Q2 24
50.2%
14.3%
Cash Conversion
OGE
OGE
WST
WST
Q1 26
Q4 25
5.56×
1.90×
Q3 25
1.72×
1.41×
Q2 25
3.15×
1.34×
Q1 25
0.25×
1.44×
Q4 24
1.27×
1.46×
Q3 24
1.59×
1.32×
Q2 24
2.47×
1.48×

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%

WST
WST

Proprietary Products$661.8M82%
Contract Manufactured Products$143.2M18%
Affiliated Entity$3.3M0%

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