ORGANON & CO (OGN) reported $6.2B in revenue for fiscal year 2025, down 2.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable revenue is being outweighed by margin compression, with cash flow carrying a still-leveraged balance sheet and softer earnings.
From FY2021 to FY2025, gross margin erosion from62.2% to53.3% suggests the economics of each sale worsened even though revenue stayed broadly flat. With interest expense still about$504M , free cash flow of$538M now matters more than accounting profit because debt service is absorbing much of what operations produce before equity holders see much benefit.
The balance sheet remains liability-heavy: total liabilities of
Short-term funding looks more comfortable, with a current ratio of 1.8x and capital spending of just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ORGANON & CO's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for ORGANON & CO, and counted as zero in the overall score.
ORGANON & CO's revenue declined 2.9% year-over-year, from $6.4B to $6.2B. This contraction results in a growth score of 30/100.
ORGANON & CO has elevated debt relative to equity (D/E of 11.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 4/100, reflecting increased financial risk.
ORGANON & CO's current ratio of 1.82 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.
ORGANON & CO converts 8.7% of revenue into free cash flow ($538.0M). This strong cash generation earns a score of 66/100.
Not available for ORGANON & CO, and counted as zero in the overall score.
ORGANON & CO passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, ORGANON & CO generates $3.74 in operating cash flow ($700.0M OCF vs $187.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
ORGANON & CO generated $6.2B in revenue in fiscal year 2025. This represents a decrease of 2.9% from the prior year.
ORGANON & CO reported $187.0M in net income in fiscal year 2025. This represents a decrease of 78.4% from the prior year.
ORGANON & CO earned $0.72 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 78.4% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
ORGANON & CO generated $538.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 29.6% from the prior year.
ORGANON & CO held $574.0M in cash against $8.6B in long-term debt as of fiscal year 2025.
ORGANON & CO paid $0.34 per share in dividends in fiscal year 2025. This represents a decrease of 69.6% from the prior year.
Margins & Returns
ORGANON & CO's gross margin was 53.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.7 percentage points from the prior year.
ORGANON & CO's net profit margin was 3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.5 percentage points from the prior year.
ORGANON & CO's ROE was 24.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 158.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
ORGANON & CO invested $366.0M in research and development in fiscal year 2025. This represents a decrease of 22.0% from the prior year.
ORGANON & CO invested $162.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.4% from the prior year.
Not reported for fiscal year 2025.
OGN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1B | $6.2B-2.9% | $6.4B+2.2% | $6.3B+1.4% | $6.2B-2.1% | $6.3B-3.5% | $6.5B-16.0% | $7.8B |
| Cost of Revenue | $2.9B | $2.9B+8.0% | $2.7B+6.9% | $2.5B+9.6% | $2.3B-3.7% | $2.4B+12.4% | $2.1B-6.8% | $2.3B |
| Gross Profit | $3.2B | $3.3B-10.8% | $3.7B-0.9% | $3.7B-3.4% | $3.9B-1.1% | $3.9B-11.1% | $4.4B-19.8% | $5.5B |
| R&D Expenses | $358.0M | $366.0M-22.0% | $469.0M-11.2% | $528.0M+12.1% | $471.0M+6.3% | $443.0M+111.0% | $210.0M-4.5% | $220.0M |
| SG&A Expenses | $1.7B | $1.7B-2.2% | $1.8B-7.0% | $1.9B+11.1% | $1.7B+2.2% | $1.7B+23.0% | $1.4B-6.0% | $1.4B |
| Interest Expense | $468.0M | $504.0M-3.1% | $520.0M-1.3% | $527.0M+24.9% | $422.0M+63.6% | $258.0M | $0 | $0 |
| Income Tax | $282.0M | $238.0M+517.5% | -$57.0M+83.7% | -$350.0M-270.7% | $205.0M+15.2% | $178.0M-64.1% | $496.0M+27.2% | $390.0M |
| Net Income | $209.0M | $187.0M-78.4% | $864.0M-15.5% | $1.0B+11.6% | $917.0M-32.1% | $1.4B-37.5% | $2.2B-32.9% | $3.2B |
| EPS (Diluted) | — | $0.72-78.4% | $3.33-16.5% | $3.99+11.1% | $3.59-32.4% | $5.31-37.7% | $8.52-32.9% | $12.69 |
Not reported in any period shown, so not listed: Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
OGN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $12.9B-1.8% | $13.1B+8.6% | $12.1B+10.1% | $11.0B+2.6% | $10.7B+5.7% | $10.1B | N/A |
| Current Assets | $4.4B+0.1% | $4.3B-3.5% | $4.5B+14.7% | $3.9B+4.5% | $3.8B+5.4% | $3.6B | N/A |
| Cash & Equivalents | $574.0M-15.0% | $675.0M-2.6% | $693.0M-1.8% | $706.0M-4.2% | $737.0M+6041.7% | $12.0M | $0 |
| Inventory | $1.4B+6.4% | $1.3B+0.5% | $1.3B+31.1% | $1.0B+9.6% | $915.0M+0.2% | $913.0M | N/A |
| Accounts Receivable | $1.3B-2.0% | $1.4B-22.1% | $1.7B+18.2% | $1.5B+6.7% | $1.4B+33.1% | $1.0B | N/A |
| Goodwill | $4.2B-11.3% | $4.7B+1.7% | $4.6B0.0% | $4.6B0.0% | $4.6B0.0% | $4.6B | N/A |
| Total Liabilities | $12.1B-4.1% | $12.6B+4.1% | $12.1B+2.4% | $11.8B-2.8% | $12.2B+163.7% | $4.6B | N/A |
| Current Liabilities | $2.4B-12.1% | $2.7B-6.9% | $2.9B+16.2% | $2.5B-3.3% | $2.6B-2.8% | $2.7B | N/A |
| Long-Term Debt | $8.6B-2.6% | $8.9B+1.2% | $8.8B-1.7% | $8.9B-2.4% | $9.1B | $0 | N/A |
| Total Equity | $752.0M+59.3% | $472.0M+774.3% | -$70.0M+92.2% | -$892.0M+40.8% | -$1.5B-127.5% | $5.5B-22.0% | $7.0B |
| Retained Earnings | $1.1B+9.8% | $1.0B+128.0% | $443.0M+233.8% | -$331.0M+66.8% | -$998.0M | $0 | N/A |
OGN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $737.0M | $700.0M-25.5% | $939.0M+17.5% | $799.0M-6.9% | $858.0M-60.3% | $2.2B-5.4% | $2.3B-24.4% | $3.0B |
| Capital Expenditures | $170.0M | $162.0M-7.4% | $175.0M-30.3% | $251.0M+28.1% | $196.0M+2.1% | $192.0M-24.7% | $255.0M+177.2% | $92.0M |
| Free Cash Flow | $567.0M | $538.0M-29.6% | $764.0M+39.4% | $548.0M-17.2% | $662.0M-66.4% | $2.0B-3.0% | $2.0B-30.7% | $2.9B |
| Investing Cash Flow | $130.0M | -$390.0M+24.0% | -$513.0M-97.3% | -$260.0M+38.1% | -$420.0M | N/A | N/A | N/A |
| Financing Cash Flow | -$313.0M | -$561.0M-52.4% | -$368.0M+35.3% | -$569.0M-31.4% | -$433.0M | N/A | N/A | N/A |
| Dividends Paid | $18.0M | $88.0M-70.4% | $297.0M+1.0% | $294.0M+1.4% | $290.0M+100.0% | $145.0M | $0 | $0 |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
OGN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3%-4.7pp | 58.0%-1.8pp | 59.8%-3.0pp | 62.8%+0.6pp | 62.2%-5.3pp | 67.6%-3.2pp | 70.8% |
| Net Margin | 3.0%-10.5pp | 13.5%-2.8pp | 16.3%+1.5pp | 14.8%-6.6pp | 21.4%-11.6pp | 33.1%-8.3pp | 41.4% |
| Return on Equity | 24.9%-158.2pp | 183.1% | N/A | N/A | N/A | 39.4%-6.4pp | 45.7% |
| Return on Assets | 1.5%-5.1pp | 6.6%-1.9pp | 8.5%+0.1pp | 8.4%-4.3pp | 12.7%-8.7pp | 21.4% | N/A |
| Current Ratio | 1.82+0.2x | 1.60+0.1x | 1.540.0x | 1.56+0.1x | 1.45+0.1x | 1.33 | N/A |
| Debt-to-Equity | 11.47-7.3x | 18.77 | N/A | N/A | N/A | 0.00 | N/A |
| FCF Margin | 8.7%-3.3pp | 11.9%+3.2pp | 8.8%-2.0pp | 10.7%-20.5pp | 31.2%+0.2pp | 31.1%-6.6pp | 37.6% |
Not reported in any period shown, so not listed: Operating Margin.
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Where ORGANON & CO Ranks
Frequently Asked Questions
What is ORGANON & CO's annual revenue?
ORGANON & CO (OGN) reported $6.2B in total revenue for fiscal year 2025. This represents a -2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ORGANON & CO's revenue growing?
ORGANON & CO (OGN) revenue declined by 2.9% year-over-year, from $6.4B to $6.2B in fiscal year 2025.
Is ORGANON & CO profitable?
Yes, ORGANON & CO (OGN) reported a net income of $187.0M in fiscal year 2025, with a net profit margin of 3.0%.
How much debt does ORGANON & CO have?
As of fiscal year 2025, ORGANON & CO (OGN) had $574.0M in cash and equivalents against $8.6B in long-term debt.
What is ORGANON & CO's gross margin?
ORGANON & CO (OGN) had a gross margin of 53.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ORGANON & CO's net profit margin?
ORGANON & CO (OGN) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does ORGANON & CO pay dividends?
Yes, ORGANON & CO (OGN) paid $0.34 per share in dividends during fiscal year 2025.
What is ORGANON & CO's return on equity (ROE)?
ORGANON & CO (OGN) has a return on equity of 24.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ORGANON & CO's free cash flow?
ORGANON & CO (OGN) generated $538.0M in free cash flow during fiscal year 2025. This represents a -29.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ORGANON & CO's operating cash flow?
ORGANON & CO (OGN) generated $700.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are ORGANON & CO's total assets?
ORGANON & CO (OGN) had $12.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are ORGANON & CO's capital expenditures?
ORGANON & CO (OGN) invested $162.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ORGANON & CO spend on research and development?
ORGANON & CO (OGN) invested $366.0M in research and development during fiscal year 2025.
What is ORGANON & CO's current ratio?
ORGANON & CO (OGN) had a current ratio of 1.82 as of fiscal year 2025, which is generally considered healthy.
What is ORGANON & CO's debt-to-equity ratio?
ORGANON & CO (OGN) had a debt-to-equity ratio of 11.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ORGANON & CO's return on assets (ROA)?
ORGANON & CO (OGN) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ORGANON & CO's Piotroski F-Score?
ORGANON & CO (OGN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ORGANON & CO's earnings high quality?
ORGANON & CO (OGN) has an earnings quality ratio of 3.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is ORGANON & CO?
ORGANON & CO (OGN) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.