OGE Energy vs Pinnacle West Capital
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KIRA’s take AI analyst
I put OGE Energy and Pinnacle West Capital side by side, using each one’s latest annual report. Here is what stands out:
- Pinnacle West Capital is the larger business, with $5.3B of revenue in fiscal 2025 against $3.3B for OGE Energy, about 1.6 times as much.
- OGE Energy grew revenue faster (9.2%, against 4.2%).
- OGE Energy kept more of each dollar of sales as operating profit (24.5% operating margin, against 20.0%).
- OGE Energy turned more of its sales into free cash flow (2.5% FCF margin, against −15.4%).
- OGE Energy earned a higher return on the capital invested in it (6.5%, against 5.4%).
- Investors pay more for each dollar of OGE Energy’s earnings: a P/E of 21.6x against 20.2x for Pinnacle West Capital.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
OGE Energy
OGE
10/10
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Pinnacle West Capital
PNW
0/10
Side by side
Best in the row
| Latest fiscal year | OGE FY25 | PNW FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.0B | $13.1B |
| Revenue | $3.3B | $5.3B |
| Free cash flow | $82.7M | −$820M |
| Net income | $471M | $632M |
| Growth | ||
| Revenue growth | 9.2% | 4.2% |
| 5-year growth | 9.0% | 8.3% |
| Share count change | 0.6% | 4.9% |
| Profitability | ||
| Gross margin | 61.4% | — |
| Operating margin | 24.5% | 20.0% |
| Net margin | 14.4% | 11.8% |
| FCF margin | 2.5% | −15.4% |
| Return on capital | 6.5% | 5.4% |
| Return on equity | 9.8% | 9.2% |
| Balance sheet | ||
| Net debt | $5.7B | $10.6B |
| Net debt / EBITDA | 4.2x | 5.2x |
| Dividends and buybacks | $342M | $423M |
| Valuation & quality | ||
| P/E | 21.6x | 20.2x |
| Piotroski F-score | 6 | 3 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.