OGE Energy Corporation (OGE)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	520,600	473,000	789,300	878,500	-301,100
Revenue	US$ in thousands	2,985,300	2,674,300	3,375,700	3,653,700	2,122,300
Pretax margin		17.44%	17.69%	23.38%	24.04%	-14.19%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $520,600K ÷ $2,985,300K
= 17.44%

The pretax margin of OGE Energy Corporation has shown fluctuations over the past five years. In December 2020, the company reported a negative pretax margin of -14.19%, indicating that its expenses exceeded its revenues before accounting for taxes. However, there was a significant improvement in the following year, with the pretax margin increasing to 24.04% by December 2021.

In the subsequent years, OGE Energy Corporation maintained relatively stable pretax margins around the 23% mark in December 2022 and December 2023. This suggests that the company was able to effectively manage its costs and generate profits before taxes consistently during this period.

By December 2024, the pretax margin of OGE Energy Corporation decreased slightly to 17.44%. Although this indicates a modest decline in profitability compared to the previous year, the company still maintained a healthy margin above the negative threshold seen in 2020.

Overall, the trend in OGE Energy Corporation's pretax margin demonstrates a mix of challenges and successes in managing its operating expenses and generating profits before accounting for taxes over the five-year period.