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Organon & Co.
NYSE: OGN Healthcare Pharma 🔎 Screen
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$3.6B
Market Cap
10.0
P/E
1.45
PEG
4.1%
ROCE
30.6%
ROE
11.47
D/E
13.3%
OPM
0.0%
% from 52W High
83
α RS
🔍 OGN is showing a sector-leadership setup because Sector RRG has Health Care in the Leading quadrant with the trail still rolling over, it matches 2 of 37 tracked screener presets, and RS Rating is 83. Net: Broad signal stack, not a recommendation. ? RRG Conviction RS Rating
Sources
Health Care in Leading quadrant · Conviction 2/37 · RS Rating 83
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🌏 Global Investor Returns
Currency-adjusted total returns for OGN including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Organon & Co. develops and delivers women health solutions through prescription therapies and medical devices in the United States, Europe, Canada, Japan, rest of the Asia Pacific, China, Latin America, the Middle East, Russia, Africa, and internationally.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding OGN
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 238.0K $1.4M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Mixed ~ Volatile 4 quarters Full tone analysis in Intelligence →
📊 MIXED Organon delivered $6.2B revenue and $1.9B adjusted EBITDA in 2025.
Revenue & Profitability
Full year 2025 revenue was $6.2 billion, down 3% on both a reported and ex-FX basis. Non-GAAP adjusted net income was $954 million, or $3.66 per diluted share, compared to $1,065 million or $4.11 per share in 2024. Fourth quarter 2025 net loss was $205 million, or $0.79 per diluted share, including a $301 million goodwill impairment. Adjusted EBITDA for 2025 was $1.9 billion.
Outlook
Management expects 2026 revenue and adjusted EBITDA to be very much in line with 2025, approximately $6.2 billion and $1.9 billion respectively. They foresee headwinds from U.S. policy-related access restrictions on Nexplanon, a volume dip from the transition to the five-year label, and a competitive fertility market. Offsetting tailwinds include ex-US Nexplanon growth and biosimilar contributions.
Growth Drivers
Key growth drivers include Vtama (expected 20-25% growth in 2026), Emgality, biosimilars HADLIMA and Denosumab, and ex-US Nexplanon expansion, particularly in Latin America. The five-year Nexplanon label is expected to broaden the addressable market. Biosimilars are forecast to deliver flat to modest growth in 2026.
Balance Sheet & CapEx
Capital expenditure is expected to increase in 2026 due to manufacturing separation activities, with costs for such activities around $100 million. Free cash flow in 2026 is expected to resemble the $960 million delivered in 2025. R&D spend is limited to supporting marketed products, and no AI or specific infrastructure investments were discussed.
Margins
Adjusted gross margin was 60.1% for full year 2025, down from 61.6% in 2024, driven by pricing pressure. For 2026, gross margin is expected to decline another 75-100 basis points mainly due to higher COGS from foreign exchange on inventory. Adjusted EBITDA margin was 30.7% in 2025, flat year-over-year. SG&A is guided at mid-20% of sales and R&D at mid-single-digit percent of sales. Q1 2026 margin is expected to be the lowest, resembling Q4 2025.
Key Risks
Key risks include U.S. policy-related access restrictions affecting Nexplanon sales, a volume headwind from the five-year label transition (loss of reinsertions), gross margin compression from pricing and FX, and a more competitive fertility market. Net leverage stood at 4.3x at year-end 2025. An ongoing audit committee investigation regarding certain sales practices was noted but not discussed in detail.
Generated by AI · Q4 2025 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q4 2025 Q4 2025 2026-02-12
Revenue and adjusted EBITDA for 2025 were $6.2B and $1.9B, respectively, with biosimilars and new product launches offsetting headwinds from loss of exclusivity and policy changes. 2026 guidance is flat, with continued cost discipline, margin pressure, and deleveraging focus.
Q3 2025 Q3 2025 2025-11-10
Q3 2025 revenue reached $1.6B with a 32.3% adjusted EBITDA margin, but full-year guidance was lowered due to U.S. policy headwinds and respiratory declines. Remediation for improper Nexplanon sales practices is complete, and the JADA divestiture will support deleveraging.
Q2 2025 Q2 2025 2025-08-05
Second quarter revenue was $1.6B, down 1% at constant currency, with strong adjusted EBITDA and robust free cash flow. Guidance for full-year revenue and margins was raised, driven by growth in fertility, biosimilars, and VTAMA, while capital allocation focused on debt reduction.
Q1 2025 Q1 2025 2025-05-01
Q1 2025 results met expectations with strong growth from Nexplanon and VTAMA. Guidance for revenue and margins is affirmed, with a focus on deleveraging and capital redeployment from dividends to debt reduction. Limited tariff exposure and ongoing restructuring support future growth.
Q4 2024 Q4 2024 2025-02-13
2024 saw 3% constant currency revenue growth to $6.4B and margin expansion, with Nexplanon and Vtama as key drivers. 2025 guidance anticipates flat constant currency revenue, $200M in OpEx savings, and stable EBITDA margins despite Atozet LOE and FX headwinds.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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