OGE Energy Corporation (OGE)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	416,800	665,700	737,300	-173,700	433,600
Revenue	US$ in thousands	2,674,300	3,375,700	3,653,700	2,122,300	2,231,600
Net profit margin		15.59%	19.72%	20.18%	-8.18%	19.43%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $416,800K ÷ $2,674,300K
= 15.59%

The net profit margin of Oge Energy Corp. has shown variability over the past five years. In 2023, the net profit margin stood at 15.59%, reflecting a decline from the previous year's figure of 19.72%. The company experienced a significant drop in net profit margin in 2020, where it reported a negative figure of -8.18%, indicating a loss during that period. However, there was a strong recovery in 2021 when the net profit margin improved to 20.18%.

Overall, the company's net profit margin has displayed fluctuations, with the most recent year (2023) showing a downward trend. These variations may be attributed to changes in expenses, revenues, or other factors affecting the profitability of Oge Energy Corp. It is essential for stakeholders to closely monitor the company's financial performance and underlying factors influencing its net profit margin to understand its financial health and sustainability.