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Side-by-side financial comparison of CONDUENT Inc (CNDT) 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 $770.0M, roughly 2.0× CONDUENT Inc). CONDUENT Inc runs the higher net margin — -4.3% vs -13.6%, a 9.3% gap on every dollar of revenue. On growth, CONDUENT Inc posted the faster year-over-year revenue change (-3.8% vs -5.3%). Organon & Co. produced more free cash flow last quarter ($96.0M vs $24.0M). Over the past eight quarters, Organon & Co.'s revenue compounded faster (-3.6% CAGR vs -8.6%).

Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.

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.

CNDT vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
2.0× larger
OGN
$1.5B
$770.0M
CNDT
Growing faster (revenue YoY)
CNDT
CNDT
+1.6% gap
CNDT
-3.8%
-5.3%
OGN
Higher net margin
CNDT
CNDT
9.3% more per $
CNDT
-4.3%
-13.6%
OGN
More free cash flow
OGN
OGN
$72.0M more FCF
OGN
$96.0M
$24.0M
CNDT
Faster 2-yr revenue CAGR
OGN
OGN
Annualised
OGN
-3.6%
-8.6%
CNDT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNDT
CNDT
OGN
OGN
Revenue
$770.0M
$1.5B
Net Profit
$-33.0M
$-205.0M
Gross Margin
19.0%
49.2%
Operating Margin
-3.6%
-9.8%
Net Margin
-4.3%
-13.6%
Revenue YoY
-3.8%
-5.3%
Net Profit YoY
-175.0%
-288.1%
EPS (diluted)
$-0.25
$-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
CNDT
CNDT
OGN
OGN
Q4 25
$770.0M
$1.5B
Q3 25
$767.0M
$1.6B
Q2 25
$754.0M
$1.6B
Q1 25
$751.0M
$1.5B
Q4 24
$800.0M
$1.6B
Q3 24
$807.0M
$1.6B
Q2 24
$828.0M
$1.6B
Q1 24
$921.0M
$1.6B
Net Profit
CNDT
CNDT
OGN
OGN
Q4 25
$-33.0M
$-205.0M
Q3 25
$-46.0M
$160.0M
Q2 25
$-40.0M
$145.0M
Q1 25
$-51.0M
$87.0M
Q4 24
$-12.0M
$109.0M
Q3 24
$123.0M
$359.0M
Q2 24
$216.0M
$195.0M
Q1 24
$99.0M
$201.0M
Gross Margin
CNDT
CNDT
OGN
OGN
Q4 25
19.0%
49.2%
Q3 25
17.7%
53.5%
Q2 25
18.2%
54.8%
Q1 25
17.7%
55.6%
Q4 24
17.3%
56.3%
Q3 24
18.7%
58.3%
Q2 24
18.2%
58.4%
Q1 24
20.2%
59.0%
Operating Margin
CNDT
CNDT
OGN
OGN
Q4 25
-3.6%
-9.8%
Q3 25
-5.0%
15.2%
Q2 25
-5.0%
14.4%
Q1 25
-7.5%
6.7%
Q4 24
-10.3%
8.1%
Q3 24
19.7%
13.1%
Q2 24
36.2%
14.6%
Q1 24
13.8%
14.5%
Net Margin
CNDT
CNDT
OGN
OGN
Q4 25
-4.3%
-13.6%
Q3 25
-6.0%
10.0%
Q2 25
-5.3%
9.1%
Q1 25
-6.8%
5.8%
Q4 24
-1.5%
6.8%
Q3 24
15.2%
22.7%
Q2 24
26.1%
12.1%
Q1 24
10.7%
12.4%
EPS (diluted)
CNDT
CNDT
OGN
OGN
Q4 25
$-0.25
$-0.78
Q3 25
$-0.30
$0.61
Q2 25
$-0.26
$0.56
Q1 25
$-0.33
$0.33
Q4 24
$-0.02
$0.42
Q3 24
$0.72
$1.38
Q2 24
$1.07
$0.75
Q1 24
$0.46
$0.78

Balance Sheet & Financial Strength

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

Metric
CNDT
CNDT
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$233.0M
$574.0M
Total DebtLower is stronger
$665.0M
$8.6B
Stockholders' EquityBook value
$685.0M
$752.0M
Total Assets
$2.4B
$12.9B
Debt / EquityLower = less leverage
0.97×
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNDT
CNDT
OGN
OGN
Q4 25
$233.0M
$574.0M
Q3 25
$248.0M
$672.0M
Q2 25
$275.0M
$599.0M
Q1 25
$277.0M
$547.0M
Q4 24
$366.0M
$675.0M
Q3 24
$393.0M
$763.0M
Q2 24
$300.0M
$704.0M
Q1 24
$415.0M
$575.0M
Total Debt
CNDT
CNDT
OGN
OGN
Q4 25
$665.0M
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
Q1 25
$9.0B
Q4 24
$615.0M
$8.9B
Q3 24
$8.7B
Q2 24
$8.7B
Q1 24
$8.7B
Stockholders' Equity
CNDT
CNDT
OGN
OGN
Q4 25
$685.0M
$752.0M
Q3 25
$717.0M
$906.0M
Q2 25
$777.0M
$733.0M
Q1 25
$800.0M
$542.0M
Q4 24
$839.0M
$472.0M
Q3 24
$877.0M
$493.0M
Q2 24
$751.0M
$144.0M
Q1 24
$701.0M
$48.0M
Total Assets
CNDT
CNDT
OGN
OGN
Q4 25
$2.4B
$12.9B
Q3 25
$2.5B
$13.6B
Q2 25
$2.5B
$13.5B
Q1 25
$2.5B
$13.2B
Q4 24
$2.6B
$13.1B
Q3 24
$2.8B
$12.8B
Q2 24
$2.8B
$12.2B
Q1 24
$3.1B
$11.9B
Debt / Equity
CNDT
CNDT
OGN
OGN
Q4 25
0.97×
11.49×
Q3 25
9.74×
Q2 25
12.14×
Q1 25
16.52×
Q4 24
0.73×
18.81×
Q3 24
17.75×
Q2 24
60.11×
Q1 24
181.54×

Cash Flow & Capital Efficiency

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

Metric
CNDT
CNDT
OGN
OGN
Operating Cash FlowLast quarter
$39.0M
$141.0M
Free Cash FlowOCF − Capex
$24.0M
$96.0M
FCF MarginFCF / Revenue
3.1%
6.4%
Capex IntensityCapex / Revenue
1.9%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-132.0M
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNDT
CNDT
OGN
OGN
Q4 25
$39.0M
$141.0M
Q3 25
$-39.0M
$264.0M
Q2 25
$-15.0M
$220.0M
Q1 25
$-58.0M
$75.0M
Q4 24
$41.0M
$390.0M
Q3 24
$-13.0M
$141.0M
Q2 24
$-41.0M
$332.0M
Q1 24
$-37.0M
$76.0M
Free Cash Flow
CNDT
CNDT
OGN
OGN
Q4 25
$24.0M
$96.0M
Q3 25
$-54.0M
$218.0M
Q2 25
$-30.0M
$181.0M
Q1 25
$-72.0M
$43.0M
Q4 24
$30.0M
$335.0M
Q3 24
$-21.0M
$99.0M
Q2 24
$-59.0M
$300.0M
Q1 24
$-50.0M
$30.0M
FCF Margin
CNDT
CNDT
OGN
OGN
Q4 25
3.1%
6.4%
Q3 25
-7.0%
13.6%
Q2 25
-4.0%
11.4%
Q1 25
-9.6%
2.8%
Q4 24
3.8%
21.0%
Q3 24
-2.6%
6.3%
Q2 24
-7.1%
18.7%
Q1 24
-5.4%
1.8%
Capex Intensity
CNDT
CNDT
OGN
OGN
Q4 25
1.9%
3.0%
Q3 25
2.0%
2.9%
Q2 25
2.0%
2.4%
Q1 25
1.9%
2.1%
Q4 24
1.4%
3.5%
Q3 24
1.0%
2.7%
Q2 24
2.2%
2.0%
Q1 24
1.4%
2.8%
Cash Conversion
CNDT
CNDT
OGN
OGN
Q4 25
Q3 25
1.65×
Q2 25
1.52×
Q1 25
0.86×
Q4 24
3.58×
Q3 24
-0.11×
0.39×
Q2 24
-0.19×
1.70×
Q1 24
-0.37×
0.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNDT
CNDT

Government Segment$230.0M30%
Integrated Digital Solutions$134.0M17%
Customer Experience Management$127.0M16%
B Paa S$116.0M15%
Government Services Solutions$93.0M12%
Transferred At Point In Time$36.0M5%
Other$34.0M4%

OGN
OGN

Segment breakdown not available.

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