OGE Energy Corporation (OGE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,247,100 | 1,107,000 | 1,140,600 | 1,006,700 | 204,500 |
| Revenue | US$ in thousands | 2,985,300 | 2,674,300 | 3,375,700 | 3,653,700 | 2,122,300 |
| Gross profit margin | 41.77% | 41.39% | 33.79% | 27.55% | 9.64% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,247,100K ÷ $2,985,300K
= 41.77%
Based on the data provided, OGE Energy Corporation's gross profit margin has shown a notable upward trend over the last five years, from 9.64% as of December 31, 2020, to 41.77% as of December 31, 2024. This signifies an improvement in the company's ability to generate profit from its core operations after accounting for the cost of goods sold.
The steady increase in the gross profit margin indicates improved efficiency in managing production costs and pricing strategies. It suggests that OGE Energy Corporation has been successful in controlling direct costs related to the production of goods and services, thereby enhancing overall profitability.
The significant growth in the gross profit margin over the period reflects positively on the company's operational performance and financial health. It indicates that OGE Energy Corporation has been able to increase the profitability of its core business activities, which is a favorable trend for investors and stakeholders.
Peer comparison
Dec 31, 2024