The Filing Desk

OGE Energy vs Pinnacle West Capital

OGE Energy OGE · Pinnacle West Capital PNW · Multi-Utilities

Pinnacle West Capital reported revenue of $5.3 billion in fiscal 2025, 1.6 times OGE Energy's $3.3 billion in fiscal 2025. OGE Energy's revenue grew 9.2% in its latest year, and Pinnacle West Capital's grew 4.2%. OGE Energy had an operating margin of 24.5%, against 20.0% at Pinnacle West Capital. Free cash flow was $83 million at OGE Energy and −$820 million at Pinnacle West Capital.

Side by side

OGE EnergyPinnacle West Capital
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$3.3B$5.3B
Revenue growth9.2%4.2%
Revenue growth a year, last 5 years9.0%8.3%
Gross margin61.4%—
Operating margin24.5%20.0%
Net margin14.4%11.8%
Free cash flow$83M−$820M
Free cash flow margin2.5%−15.3%
Return on capital6.5%5.4%
Net debt to EBITDA4.2x5.2x
Dividends and buybacks$342M$423M
Change in diluted share count0.6%4.9%
Last close$48.46$105.34
P/E at the last close21.6×20.2×
Insider trades, last 12 monthsbought $500,056, sold $945,254sold $930,938
Piotroski F-score6 of 93 of 8
Amounts in each company's own currency, US$ 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
OGE EnergyPinnacle West Capital
Operating margin
Percent of revenue
OGE EnergyPinnacle West Capital
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
OGE EnergyPinnacle West Capital

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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 OGE Energy and Pinnacle West Capital pages.