The Filing Desk

MDU Resources Group vs OGE Energy

MDU Resources Group MDU · OGE Energy OGE · Multi-Utilities

OGE Energy reported revenue of $3.3 billion in fiscal 2025, 1.7 times MDU Resources Group's $1.9 billion in fiscal 2025. MDU Resources Group's revenue grew 6.7% in its latest year, and OGE Energy's grew 9.2%. MDU Resources Group had an operating margin of 15.5%, against 24.5% at OGE Energy. Free cash flow was −$297 million at MDU Resources Group and $83 million at OGE Energy.

Side by side

MDU Resources GroupOGE Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$3.3B
Revenue growth6.7%9.2%
Revenue growth a year, last 5 years−19.5%9.0%
Gross margin—61.4%
Operating margin15.5%24.5%
Net margin10.2%14.4%
Free cash flow−$297M$83M
Free cash flow margin−15.8%2.5%
Return on capital5.1%6.5%
Net debt to EBITDA5.3x4.2x
Dividends and buybacks$108M$342M
Change in diluted share count0.3%0.6%
Last close$19.39$48.46
P/E at the last close20.4×21.6×
Insider trades, last 12 monthsbought $104,250, sold $0bought $500,056, sold $945,254
Piotroski F-score4 of 86 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
MDU Resources GroupOGE Energy
Operating margin
Percent of revenue
MDU Resources GroupOGE Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MDU Resources GroupOGE Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MDU Resources Group and OGE Energy pages.