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Side-by-side financial comparison of BXP, Inc. (BXP) and Organon & Co. (OGN). Click either name above to swap in a different company.

Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $872.1M, roughly 1.7× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -13.6%, a 28.9% gap on every dollar of revenue. On growth, BXP, Inc. posted the faster year-over-year revenue change (0.8% vs -5.3%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -3.6%).

BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

BXP vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
1.7× larger
OGN
$1.5B
$872.1M
BXP
Growing faster (revenue YoY)
BXP
BXP
+6.1% gap
BXP
0.8%
-5.3%
OGN
Higher net margin
BXP
BXP
28.9% more per $
BXP
15.3%
-13.6%
OGN
Faster 2-yr revenue CAGR
BXP
BXP
Annualised
BXP
1.3%
-3.6%
OGN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BXP
BXP
OGN
OGN
Revenue
$872.1M
$1.5B
Net Profit
$133.0M
$-205.0M
Gross Margin
49.2%
Operating Margin
-9.8%
Net Margin
15.3%
-13.6%
Revenue YoY
0.8%
-5.3%
Net Profit YoY
53.0%
-288.1%
EPS (diluted)
$1.69
$-0.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BXP
BXP
OGN
OGN
Q1 26
$872.1M
Q4 25
$877.1M
$1.5B
Q3 25
$871.5M
$1.6B
Q2 25
$868.5M
$1.6B
Q1 25
$865.2M
$1.5B
Q4 24
$858.6M
$1.6B
Q3 24
$859.2M
$1.6B
Q2 24
$850.5M
$1.6B
Net Profit
BXP
BXP
OGN
OGN
Q1 26
$133.0M
Q4 25
$248.4M
$-205.0M
Q3 25
$-121.7M
$160.0M
Q2 25
$89.0M
$145.0M
Q1 25
$61.2M
$87.0M
Q4 24
$-228.9M
$109.0M
Q3 24
$83.6M
$359.0M
Q2 24
$79.6M
$195.0M
Gross Margin
BXP
BXP
OGN
OGN
Q1 26
Q4 25
58.8%
49.2%
Q3 25
59.3%
53.5%
Q2 25
59.2%
54.8%
Q1 25
59.2%
55.6%
Q4 24
59.7%
56.3%
Q3 24
59.5%
58.3%
Q2 24
59.8%
58.4%
Operating Margin
BXP
BXP
OGN
OGN
Q1 26
Q4 25
-9.8%
Q3 25
15.2%
Q2 25
14.4%
Q1 25
6.7%
Q4 24
8.1%
Q3 24
13.1%
Q2 24
14.6%
Net Margin
BXP
BXP
OGN
OGN
Q1 26
15.3%
Q4 25
28.3%
-13.6%
Q3 25
-14.0%
10.0%
Q2 25
10.2%
9.1%
Q1 25
7.1%
5.8%
Q4 24
-26.7%
6.8%
Q3 24
9.7%
22.7%
Q2 24
9.4%
12.1%
EPS (diluted)
BXP
BXP
OGN
OGN
Q1 26
$1.69
Q4 25
$1.56
$-0.78
Q3 25
$-0.77
$0.61
Q2 25
$0.56
$0.56
Q1 25
$0.39
$0.33
Q4 24
$-1.46
$0.42
Q3 24
$0.53
$1.38
Q2 24
$0.51
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BXP
BXP
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$512.8M
$574.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$7.7B
$752.0M
Total Assets
$25.1B
$12.9B
Debt / EquityLower = less leverage
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
OGN
OGN
Q1 26
$512.8M
Q4 25
$1.5B
$574.0M
Q3 25
$861.1M
$672.0M
Q2 25
$447.0M
$599.0M
Q1 25
$398.1M
$547.0M
Q4 24
$1.3B
$675.0M
Q3 24
$1.4B
$763.0M
Q2 24
$685.4M
$704.0M
Total Debt
BXP
BXP
OGN
OGN
Q1 26
Q4 25
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
Q1 25
$9.0B
Q4 24
$8.9B
Q3 24
$8.7B
Q2 24
$8.7B
Stockholders' Equity
BXP
BXP
OGN
OGN
Q1 26
$7.7B
Q4 25
$5.1B
$752.0M
Q3 25
$5.0B
$906.0M
Q2 25
$5.3B
$733.0M
Q1 25
$5.3B
$542.0M
Q4 24
$5.4B
$472.0M
Q3 24
$5.8B
$493.0M
Q2 24
$5.8B
$144.0M
Total Assets
BXP
BXP
OGN
OGN
Q1 26
$25.1B
Q4 25
$26.2B
$12.9B
Q3 25
$26.0B
$13.6B
Q2 25
$25.6B
$13.5B
Q1 25
$25.4B
$13.2B
Q4 24
$26.1B
$13.1B
Q3 24
$26.4B
$12.8B
Q2 24
$25.5B
$12.2B
Debt / Equity
BXP
BXP
OGN
OGN
Q1 26
Q4 25
11.49×
Q3 25
9.74×
Q2 25
12.14×
Q1 25
16.52×
Q4 24
18.81×
Q3 24
17.75×
Q2 24
60.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BXP
BXP
OGN
OGN
Operating Cash FlowLast quarter
$141.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
1.5%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXP
BXP
OGN
OGN
Q1 26
Q4 25
$407.8M
$141.0M
Q3 25
$274.2M
$264.0M
Q2 25
$353.1M
$220.0M
Q1 25
$210.0M
$75.0M
Q4 24
$383.7M
$390.0M
Q3 24
$286.1M
$141.0M
Q2 24
$367.1M
$332.0M
Free Cash Flow
BXP
BXP
OGN
OGN
Q1 26
Q4 25
$362.7M
$96.0M
Q3 25
$231.6M
$218.0M
Q2 25
$281.5M
$181.0M
Q1 25
$152.6M
$43.0M
Q4 24
$312.5M
$335.0M
Q3 24
$234.5M
$99.0M
Q2 24
$332.4M
$300.0M
FCF Margin
BXP
BXP
OGN
OGN
Q1 26
Q4 25
41.4%
6.4%
Q3 25
26.6%
13.6%
Q2 25
32.4%
11.4%
Q1 25
17.6%
2.8%
Q4 24
36.4%
21.0%
Q3 24
27.3%
6.3%
Q2 24
39.1%
18.7%
Capex Intensity
BXP
BXP
OGN
OGN
Q1 26
1.5%
Q4 25
5.1%
3.0%
Q3 25
4.9%
2.9%
Q2 25
8.2%
2.4%
Q1 25
6.6%
2.1%
Q4 24
8.3%
3.5%
Q3 24
6.0%
2.7%
Q2 24
4.1%
2.0%
Cash Conversion
BXP
BXP
OGN
OGN
Q1 26
Q4 25
1.64×
Q3 25
1.65×
Q2 25
3.97×
1.52×
Q1 25
3.43×
0.86×
Q4 24
3.58×
Q3 24
3.42×
0.39×
Q2 24
4.61×
1.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BXP
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

OGN
OGN

Segment breakdown not available.

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