MDU Resources Group vs OGE Energy
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KIRA’s take AI analyst
I put MDU Resources Group and OGE Energy side by side, using each one’s latest annual report. Here is what stands out:
- OGE Energy is the larger business, with $3.3B of revenue in fiscal 2025 against $1.9B for MDU Resources Group, about 1.7 times as much.
- OGE Energy grew revenue faster (9.2%, against 6.7%).
- OGE Energy kept more of each dollar of sales as operating profit (24.5% operating margin, against 15.5%).
- OGE Energy turned more of its sales into free cash flow (2.5% FCF margin, against −15.8%).
- OGE Energy earned a higher return on the capital invested in it (6.5%, against 5.1%).
- Investors pay more for each dollar of OGE Energy’s earnings: a P/E of 21.6x against 20.4x for MDU Resources Group.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
MDU Resources Group
MDU
1/10
Share count change
OGE Energy
OGE
9/10
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | MDU FY25 | OGE FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.1B | $10.0B |
| Revenue | $1.9B | $3.3B |
| Free cash flow | −$297M | $82.7M |
| Net income | $190M | $471M |
| Growth | ||
| Revenue growth | 6.7% | 9.2% |
| 5-year growth | −19.5% | 9.0% |
| Share count change | 0.3% | 0.6% |
| Profitability | ||
| Gross margin | — | 61.4% |
| Operating margin | 15.5% | 24.5% |
| Net margin | 10.2% | 14.4% |
| FCF margin | −15.8% | 2.5% |
| Return on capital | 5.1% | 6.5% |
| Return on equity | 7.0% | 9.8% |
| Balance sheet | ||
| Net debt | $2.6B | $5.7B |
| Net debt / EBITDA | 5.3x | 4.2x |
| Dividends and buybacks | $108M | $342M |
| Valuation & quality | ||
| P/E | 20.4x | 21.6x |
| Piotroski F-score | 4 | 6 |
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.