OGE Energy Corporation (OGE) vs TXNM Energy, Inc. (TXNM)

OGE Energy Corporation and TXNM Energy, Inc. are both Utilities Regulated Electric companies. OGE Energy Corporation is the larger, with a market value of $9.2B against $6.4B — 1.4× the size. OGE Energy Corporation trades at the lower P/E: 19.6× against 32.3×. TXNM Energy, Inc. grew revenue faster over the last twelve months: 9.97% against 0.63%. OGE Energy Corporation has the higher net margin (14.4% vs 8.77%) and the higher return on invested capital (4.53% vs 3.44%). Both pay a dividend; OGE Energy Corporation yields more (5.16% vs 4.18%). Across the 22 metrics below, OGE Energy Corporation leads on 19 and TXNM Energy, Inc. on 3.

Valuation

Metric OGE TXNM Utilities Regulated Electric median
P/E 19.57 32.33 18.84
P/S 2.86 2.91 2.52
P/B 1.86 1.81 1.63
Price to free cash flow 33.75 n/m 36.22
EV/EBITDA 11.26 11.93 11.82
EV/Sales 4.67 5.33 4.58
Earnings yield 5.11% 3.09% 5.30%
Free cash flow yield 2.96% (7.72%) (5.06%)

Profitability

Metric OGE TXNM Utilities Regulated Electric median
Gross margin 62.01% 63.86% 66.28%
Operating margin 24.24% 22.24% 21.79%
Net margin 14.43% 8.77% 12.94%
Free cash flow margin 8.48% (22.47%) (11.51%)
Return on equity 9.70% 5.74% 9.75%
Return on assets 3.25% 1.62% 2.75%
Return on invested capital 4.53% 3.44% 3.87%

Growth

Metric OGE TXNM Utilities Regulated Electric median
Revenue growth (TTM) 0.63% 9.97% 7.43%
EPS growth (last fiscal year) 5.94% (44.57%) —
Revenue growth, 5-year CAGR 8.96% 7.29% 6.75%
Net income growth, 5-year CAGR 0.00% (2.61%) 6.44%

Health

Metric OGE TXNM Utilities Regulated Electric median
Debt to equity 1.17 1.50 1.53
Current ratio 0.77 0.56 0.81
Net debt to EBITDA 4.16 5.84 5.25

Dividend

Metric OGE TXNM Utilities Regulated Electric median
Dividend yield 5.16% 4.18% 4.33%
Payout ratio 0.94 0.52 0.66

Size

Metric OGE TXNM Utilities Regulated Electric median
Market cap 9.15b 6.41b 22.90b

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