vs
Side-by-side financial comparison of Corpay (CPAY) 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 $1.2B, roughly 1.2× Corpay). Corpay runs the higher net margin — 21.2% vs -13.6%, a 34.8% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs -5.3%). Corpay produced more free cash flow last quarter ($760.3M vs $96.0M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs -3.6%).
Corpay, Inc., headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments.
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.
CPAY vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $264.5M | $-205.0M |
| Gross Margin | — | 49.2% |
| Operating Margin | 45.2% | -9.8% |
| Net Margin | 21.2% | -13.6% |
| Revenue YoY | 20.7% | -5.3% |
| Net Profit YoY | 7.5% | -288.1% |
| EPS (diluted) | $3.74 | $-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.
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $975.7M | $1.6B | ||
| Q1 24 | $935.3M | $1.6B |
| Q4 25 | $264.5M | $-205.0M | ||
| Q3 25 | $277.9M | $160.0M | ||
| Q2 25 | $284.2M | $145.0M | ||
| Q1 25 | $243.2M | $87.0M | ||
| Q4 24 | $246.0M | $109.0M | ||
| Q3 24 | $276.4M | $359.0M | ||
| Q2 24 | $251.6M | $195.0M | ||
| Q1 24 | $229.8M | $201.0M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 54.8% | ||
| Q1 25 | — | 55.6% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.4% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | 45.2% | -9.8% | ||
| Q3 25 | 44.6% | 15.2% | ||
| Q2 25 | 43.5% | 14.4% | ||
| Q1 25 | 42.5% | 6.7% | ||
| Q4 24 | 47.2% | 8.1% | ||
| Q3 24 | 45.5% | 13.1% | ||
| Q2 24 | 44.4% | 14.6% | ||
| Q1 24 | 42.5% | 14.5% |
| Q4 25 | 21.2% | -13.6% | ||
| Q3 25 | 23.7% | 10.0% | ||
| Q2 25 | 25.8% | 9.1% | ||
| Q1 25 | 24.2% | 5.8% | ||
| Q4 24 | 23.8% | 6.8% | ||
| Q3 24 | 26.9% | 22.7% | ||
| Q2 24 | 25.8% | 12.1% | ||
| Q1 24 | 24.6% | 12.4% |
| Q4 25 | $3.74 | $-0.78 | ||
| Q3 25 | $3.91 | $0.61 | ||
| Q2 25 | $3.98 | $0.56 | ||
| Q1 25 | $3.40 | $0.33 | ||
| Q4 24 | $3.43 | $0.42 | ||
| Q3 24 | $3.90 | $1.38 | ||
| Q2 24 | $3.52 | $0.75 | ||
| Q1 24 | $3.12 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $574.0M |
| Total DebtLower is stronger | $10.0B | $8.6B |
| Stockholders' EquityBook value | $3.9B | $752.0M |
| Total Assets | $26.4B | $12.9B |
| Debt / EquityLower = less leverage | 2.58× | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $574.0M | ||
| Q3 25 | $2.0B | $672.0M | ||
| Q2 25 | $2.2B | $599.0M | ||
| Q1 25 | $1.6B | $547.0M | ||
| Q4 24 | $1.6B | $675.0M | ||
| Q3 24 | $1.3B | $763.0M | ||
| Q2 24 | $1.4B | $704.0M | ||
| Q1 24 | $1.3B | $575.0M |
| Q4 25 | $10.0B | $8.6B | ||
| Q3 25 | $8.1B | $8.8B | ||
| Q2 25 | $8.1B | $8.9B | ||
| Q1 25 | $8.2B | $9.0B | ||
| Q4 24 | $8.0B | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $3.9B | $752.0M | ||
| Q3 25 | $4.1B | $906.0M | ||
| Q2 25 | $3.9B | $733.0M | ||
| Q1 25 | $3.5B | $542.0M | ||
| Q4 24 | $3.1B | $472.0M | ||
| Q3 24 | $3.1B | $493.0M | ||
| Q2 24 | $2.8B | $144.0M | ||
| Q1 24 | $3.3B | $48.0M |
| Q4 25 | $26.4B | $12.9B | ||
| Q3 25 | $19.7B | $13.6B | ||
| Q2 25 | $20.4B | $13.5B | ||
| Q1 25 | $18.5B | $13.2B | ||
| Q4 24 | $18.0B | $13.1B | ||
| Q3 24 | $17.6B | $12.8B | ||
| Q2 24 | $16.2B | $12.2B | ||
| Q1 24 | $15.8B | $11.9B |
| Q4 25 | 2.58× | 11.49× | ||
| Q3 25 | 1.99× | 9.74× | ||
| Q2 25 | 2.07× | 12.14× | ||
| Q1 25 | 2.37× | 16.52× | ||
| Q4 24 | 2.56× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $812.7M | $141.0M |
| Free Cash FlowOCF − Capex | $760.3M | $96.0M |
| FCF MarginFCF / Revenue | 60.9% | 6.4% |
| Capex IntensityCapex / Revenue | 4.2% | 3.0% |
| Cash ConversionOCF / Net Profit | 3.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $141.0M | ||
| Q3 25 | $-378.9M | $264.0M | ||
| Q2 25 | $1.1B | $220.0M | ||
| Q1 25 | $-74.2M | $75.0M | ||
| Q4 24 | $648.7M | $390.0M | ||
| Q3 24 | $400.8M | $141.0M | ||
| Q2 24 | $540.9M | $332.0M | ||
| Q1 24 | $350.2M | $76.0M |
| Q4 25 | $760.3M | $96.0M | ||
| Q3 25 | $-429.8M | $218.0M | ||
| Q2 25 | $1.1B | $181.0M | ||
| Q1 25 | $-118.9M | $43.0M | ||
| Q4 24 | $604.6M | $335.0M | ||
| Q3 24 | $355.0M | $99.0M | ||
| Q2 24 | $496.8M | $300.0M | ||
| Q1 24 | $309.0M | $30.0M |
| Q4 25 | 60.9% | 6.4% | ||
| Q3 25 | -36.7% | 13.6% | ||
| Q2 25 | 98.7% | 11.4% | ||
| Q1 25 | -11.8% | 2.8% | ||
| Q4 24 | 58.4% | 21.0% | ||
| Q3 24 | 34.5% | 6.3% | ||
| Q2 24 | 50.9% | 18.7% | ||
| Q1 24 | 33.0% | 1.8% |
| Q4 25 | 4.2% | 3.0% | ||
| Q3 25 | 4.3% | 2.9% | ||
| Q2 25 | 4.8% | 2.4% | ||
| Q1 25 | 4.5% | 2.1% | ||
| Q4 24 | 4.3% | 3.5% | ||
| Q3 24 | 4.4% | 2.7% | ||
| Q2 24 | 4.5% | 2.0% | ||
| Q1 24 | 4.4% | 2.8% |
| Q4 25 | 3.07× | — | ||
| Q3 25 | -1.36× | 1.65× | ||
| Q2 25 | 4.01× | 1.52× | ||
| Q1 25 | -0.30× | 0.86× | ||
| Q4 24 | 2.64× | 3.58× | ||
| Q3 24 | 1.45× | 0.39× | ||
| Q2 24 | 2.15× | 1.70× | ||
| Q1 24 | 1.52× | 0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
OGN
Segment breakdown not available.
