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Organon & Co.

EDGAR
OGN Current report (8-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about USD 6.216B, using the latest reported figures. The previous period, 2024, was about USD 6.403B.

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Watchlist

Latest quarter

Revenue

1.57 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 1574000000 USD Source

Net margin

10.42%

2026 Q3 · %

Exact inputs and evidence
  • Net Income: 164000000 USD Source
  • Revenue: 1574000000 USD Source

Operating cash flow

370 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 702000000 USD Source
  • Operating Cash Flow: 332000000 USD Source

Free cash flow

326 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 702000000 USD Source
  • Operating Cash Flow: 332000000 USD Source
  • Capital Expenditure: 123000000 USD Source
  • Capital Expenditure: 79000000 USD Source
Cash and cash equivalents
1.46 billion USD Source
Exact value

1455000000 USD

Long-term debt including current maturities
8.55 billion USD Source
Exact value

8554000000 USD

Shares outstanding
263 million shares Source
Exact value

262622000 shares

Reported share-count change

1.02% · 2.64 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 259983000 shares · 2025-09-30· Source
  • 262622000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

6.1 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 6216000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 4709000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 1460000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 1558000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 1574000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

213 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 187000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 392000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 146000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 108000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 164000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

843 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 700000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 559000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 225000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 332000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 225000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 702000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 332000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

168 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 162000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 117000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 79000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 123000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 79000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

675 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 700000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 559000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 225000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 332000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 225000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 702000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 332000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 162000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 117000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 79000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 123000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 79000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 5 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 5 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -2.9%

    Prior period

    USD 6.4 billion

    –

    Current period

    USD 6.22 billion

    –

    Exact inputs and evidence

    6216000000 − 6403000000 = -187000000 USD

    6403000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    6216000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -78.4%

    Prior period

    USD 864 million

    –

    Current period

    USD 187 million

    –

    Exact inputs and evidence

    187000000 − 864000000 = -677000000 USD

    864000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    187000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -25.5%

    Prior period

    USD 939 million

    –

    Current period

    USD 700 million

    –

    Exact inputs and evidence

    700000000 − 939000000 = -239000000 USD

    939000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    700000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    -7.4%

    Prior period

    USD 175 million

    –

    Current period

    USD 162 million

    –

    Exact inputs and evidence

    162000000 − 175000000 = -13000000 USD

    175000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    162000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 6.22 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 187 million 3% of revenue

Cash

  • Operating cash flow USD 700 million 11% of revenue
  • Capital expenditure USD 162 million 2.6% of revenue
  • Free cash flow Derived USD 538 million 8.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-317777000000 UnavailableUnavailableUnavailable3218000000 2928000000 Derived
Source
2020 2020-01-01 – 2020-12-316532000000 UnavailableUnavailableUnavailable2160000000 2029000000 Derived
Source
2021 2021-01-01 – 2021-12-316304000000 UnavailableUnavailableUnavailable1351000000 1968000000 Derived
Source
2022 2022-01-01 – 2022-12-316174000000 UnavailableUnavailableUnavailable917000000 662000000 Derived
Source
2023 2023-01-01 – 2023-12-316263000000 UnavailableUnavailableUnavailable1023000000 548000000 Derived
Source
2024 2024-01-01 – 2024-12-316403000000 UnavailableUnavailableUnavailable864000000 764000000 Derived
Source
2025 2025-01-01 – 2025-12-316216000000 UnavailableUnavailableUnavailable187000000 538000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 6.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.4B6.3B4.2B2.1B0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue7777000000
2020Revenue6532000000
2021Revenue6304000000
2022Revenue6174000000
2023Revenue6263000000
2024Revenue6403000000
2025Revenue6216000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-2.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.7%-1.6%-6.9%-12.2%-17.5%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-16%
2021Year over year-3.5%
2022Year over year-2.1%
2023Year over year1.4%
2024Year over year2.2%
2025Year over year-2.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 3% 2025
Free cash flow margin 8.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%34%22%11%0%2019-12-312022-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2019Net margin41.4%
2020Net margin33.1%
2021Net margin21.4%
2022Net margin14.9%
2023Net margin16.3%
2024Net margin13.5%
2025Net margin3%
2019Free cash flow margin37.6%
2020Free cash flow margin31.1%
2021Free cash flow margin31.2%
2022Free cash flow margin10.7%
2023Free cash flow margin8.7%
2024Free cash flow margin11.9%
2025Free cash flow margin8.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 700M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.3B2.4B1.6B815.4M0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow3020000000
2020Operating cash flow2284000000
2021Operating cash flow2160000000
2022Operating cash flow858000000
2023Operating cash flow799000000
2024Operating cash flow939000000
2025Operating cash flow700000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 538M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.2B2.4B1.6B790.6M0.0201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow2928000000
2020Free cash flow2029000000
2021Free cash flow1968000000
2022Free cash flow662000000
2023Free cash flow548000000
2024Free cash flow764000000
2025Free cash flow538000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

94.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.117%88%58%29%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022Liabilities / assets108.1%
2023Liabilities / assets100.6%
2024Liabilities / assets96.4%
2025Liabilities / assets94.2%

Current assets to current liabilities

Current assets divided by current liabilities.

1.82× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.97×1.47×0.98×0.49×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities1.33×
2021Current assets / current liabilities1.45×
2022Current assets / current liabilities1.56×
2023Current assets / current liabilities1.54×
2024Current assets / current liabilities1.6×
2025Current assets / current liabilities1.82×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
USD 3.22 billion
Exact value

Exact value: 3218000000 USD

2019-01-01 – 2019-12-31: 3218000000 USD Inspect Net Income Open source
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USD 3.02 billion
Exact value

Exact value: 3020000000 USD

2019-01-01 – 2019-12-31: 3020000000 USD Inspect Operating Cash Flow Open source
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USD 92 million
Exact value

Exact value: 92000000 USD

2019-01-01 – 2019-12-31: 92000000 USD Inspect Capital Expenditure Open source
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USD 2.93 billion
Calculation and evidence

3020000000 − 92000000 USD

Exact free cash flow: 2928000000 USD

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2020 2020-01-01 – 2020-12-31
USD 2.16 billion
Exact value

Exact value: 2160000000 USD

2020-01-01 – 2020-12-31: 2160000000 USD Inspect Net Income Open source
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USD 2.28 billion
Exact value

Exact value: 2284000000 USD

2020-01-01 – 2020-12-31: 2284000000 USD Inspect Operating Cash Flow Open source
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USD 255 million
Exact value

Exact value: 255000000 USD

2020-01-01 – 2020-12-31: 255000000 USD Inspect Capital Expenditure Open source
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USD 2.03 billion
Calculation and evidence

2284000000 − 255000000 USD

Exact free cash flow: 2029000000 USD

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2021 2021-01-01 – 2021-12-31
USD 1.35 billion
Exact value

Exact value: 1351000000 USD

2021-01-01 – 2021-12-31: 1351000000 USD Inspect Net Income Open source
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USD 2.16 billion
Exact value

Exact value: 2160000000 USD

2021-01-01 – 2021-12-31: 2160000000 USD Inspect Operating Cash Flow Open source
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USD 192 million
Exact value

Exact value: 192000000 USD

2021-01-01 – 2021-12-31: 192000000 USD Inspect Capital Expenditure Open source
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USD 1.97 billion
Calculation and evidence

2160000000 − 192000000 USD

Exact free cash flow: 1968000000 USD

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2022 2022-01-01 – 2022-12-31
USD 917 million
Exact value

Exact value: 917000000 USD

2022-01-01 – 2022-12-31: 917000000 USD Inspect Net Income Open source
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USD 858 million
Exact value

Exact value: 858000000 USD

2022-01-01 – 2022-12-31: 858000000 USD Inspect Operating Cash Flow Open source
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USD 196 million
Exact value

Exact value: 196000000 USD

2022-01-01 – 2022-12-31: 196000000 USD Inspect Capital Expenditure Open source
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USD 662 million
Calculation and evidence

858000000 − 196000000 USD

Exact free cash flow: 662000000 USD

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2023 2023-01-01 – 2023-12-31
USD 1.02 billion
Exact value

Exact value: 1023000000 USD

2023-01-01 – 2023-12-31: 1023000000 USD Inspect Net Income Open source
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USD 799 million
Exact value

Exact value: 799000000 USD

2023-01-01 – 2023-12-31: 799000000 USD Inspect Operating Cash Flow Open source
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USD 251 million
Exact value

Exact value: 251000000 USD

2023-01-01 – 2023-12-31: 251000000 USD Inspect Capital Expenditure Open source
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USD 548 million
Calculation and evidence

799000000 − 251000000 USD

Exact free cash flow: 548000000 USD

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2024 2024-01-01 – 2024-12-31
USD 864 million
Exact value

Exact value: 864000000 USD

2024-01-01 – 2024-12-31: 864000000 USD Inspect Net Income Open source
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USD 939 million
Exact value

Exact value: 939000000 USD

2024-01-01 – 2024-12-31: 939000000 USD Inspect Operating Cash Flow Open source
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USD 175 million
Exact value

Exact value: 175000000 USD

2024-01-01 – 2024-12-31: 175000000 USD Inspect Capital Expenditure Open source
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USD 764 million
Calculation and evidence

939000000 − 175000000 USD

Exact free cash flow: 764000000 USD

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2025 2025-01-01 – 2025-12-31
USD 187 million
Exact value

Exact value: 187000000 USD

2025-01-01 – 2025-12-31: 187000000 USD Inspect Net Income Open source
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USD 700 million
Exact value

Exact value: 700000000 USD

2025-01-01 – 2025-12-31: 700000000 USD Inspect Operating Cash Flow Open source
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USD 162 million
Exact value

Exact value: 162000000 USD

2025-01-01 – 2025-12-31: 162000000 USD Inspect Capital Expenditure Open source
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USD 538 million
Calculation and evidence

700000000 − 162000000 USD

Exact free cash flow: 538000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

31 filings · 2,048 latest values · 2,048 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001821825, 1821825, OGN, edgar:1821825

Also known as Organon & Co., Organon & Co, Organon & Co., Organon & Co.