OGE Energy Corporation (OGE)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,247,100	1,129,800	1,137,900	1,106,300	1,107,000	1,144,400	1,143,100	1,146,400	1,140,600	1,122,000	1,072,900	1,046,900	1,006,700	1,017,200	984,700	978,900	1,777,300	2,039,400	2,075,800	2,062,700
Revenue (ttm)	US$ in thousands	2,985,300	2,791,500	2,771,500	2,713,900	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900
Gross profit margin		41.77%	40.47%	41.06%	40.76%	41.39%	40.59%	36.35%	34.29%	33.79%	34.58%	37.80%	40.07%	27.55%	28.59%	29.00%	29.47%	83.74%	96.68%	95.98%	94.93%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,247,100K ÷ $2,985,300K
= 41.77%

The gross profit margin of OGE Energy Corporation has shown fluctuations over the periods mentioned. It started at a high of 94.93% in March 2020, steadily increasing to a peak of 96.68% by September 2020. However, there was a significant drop in December 2020 to 83.74%, suggesting a decrease in profitability. Subsequently, the margin declined sharply to around 29% in the first half of 2021, indicating a period of lower profitability for the company.

There was a slight improvement in the gross profit margin in the following quarters but remained relatively low until March 2022 when it increased to 40.07%. The margin continued to fluctuate around the 30-40% range through 2022 and into 2023. There was a notable increase in the margin in the latter half of 2023, reaching 41.39% by December 2023, showing improved profitability.

The trend of increasing gross profit margin continued into 2024, with the margin reaching a high of 41.77% by December 2024. Overall, while there were fluctuations in the gross profit margin of OGE Energy Corporation, the trend indicates a general improvement in profitability from 2022 onwards, with the company ending 2024 on a higher note compared to previous periods.