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Side-by-side financial comparison of EnerSys (ENS) 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 $919.1M, roughly 1.6× EnerSys). EnerSys runs the higher net margin — 9.8% vs -13.6%, a 23.4% gap on every dollar of revenue. On growth, EnerSys posted the faster year-over-year revenue change (1.4% vs -5.3%). EnerSys produced more free cash flow last quarter ($171.3M vs $96.0M). Over the past eight quarters, EnerSys's revenue compounded faster (0.5% CAGR vs -3.6%).

EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.

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.

ENS vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
1.6× larger
OGN
$1.5B
$919.1M
ENS
Growing faster (revenue YoY)
ENS
ENS
+6.8% gap
ENS
1.4%
-5.3%
OGN
Higher net margin
ENS
ENS
23.4% more per $
ENS
9.8%
-13.6%
OGN
More free cash flow
ENS
ENS
$75.3M more FCF
ENS
$171.3M
$96.0M
OGN
Faster 2-yr revenue CAGR
ENS
ENS
Annualised
ENS
0.5%
-3.6%
OGN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ENS
ENS
OGN
OGN
Revenue
$919.1M
$1.5B
Net Profit
$90.4M
$-205.0M
Gross Margin
30.1%
49.2%
Operating Margin
13.5%
-9.8%
Net Margin
9.8%
-13.6%
Revenue YoY
1.4%
-5.3%
Net Profit YoY
-21.3%
-288.1%
EPS (diluted)
$2.40
$-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
ENS
ENS
OGN
OGN
Q4 25
$919.1M
$1.5B
Q3 25
$951.3M
$1.6B
Q2 25
$893.0M
$1.6B
Q1 25
$974.8M
$1.5B
Q4 24
$906.2M
$1.6B
Q3 24
$883.7M
$1.6B
Q2 24
$852.9M
$1.6B
Q1 24
$910.7M
$1.6B
Net Profit
ENS
ENS
OGN
OGN
Q4 25
$90.4M
$-205.0M
Q3 25
$68.4M
$160.0M
Q2 25
$57.5M
$145.0M
Q1 25
$96.5M
$87.0M
Q4 24
$114.8M
$109.0M
Q3 24
$82.3M
$359.0M
Q2 24
$70.1M
$195.0M
Q1 24
$60.9M
$201.0M
Gross Margin
ENS
ENS
OGN
OGN
Q4 25
30.1%
49.2%
Q3 25
29.1%
53.5%
Q2 25
28.4%
54.8%
Q1 25
31.2%
55.6%
Q4 24
32.9%
56.3%
Q3 24
28.5%
58.3%
Q2 24
27.9%
58.4%
Q1 24
27.9%
59.0%
Operating Margin
ENS
ENS
OGN
OGN
Q4 25
13.5%
-9.8%
Q3 25
9.7%
15.2%
Q2 25
9.7%
14.4%
Q1 25
13.5%
6.7%
Q4 24
15.7%
8.1%
Q3 24
11.2%
13.1%
Q2 24
10.7%
14.6%
Q1 24
8.9%
14.5%
Net Margin
ENS
ENS
OGN
OGN
Q4 25
9.8%
-13.6%
Q3 25
7.2%
10.0%
Q2 25
6.4%
9.1%
Q1 25
9.9%
5.8%
Q4 24
12.7%
6.8%
Q3 24
9.3%
22.7%
Q2 24
8.2%
12.1%
Q1 24
6.7%
12.4%
EPS (diluted)
ENS
ENS
OGN
OGN
Q4 25
$2.40
$-0.78
Q3 25
$1.80
$0.61
Q2 25
$1.46
$0.56
Q1 25
$2.39
$0.33
Q4 24
$2.88
$0.42
Q3 24
$2.01
$1.38
Q2 24
$1.71
$0.75
Q1 24
$1.48
$0.78

Balance Sheet & Financial Strength

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

Metric
ENS
ENS
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$450.1M
$574.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$1.9B
$752.0M
Total Assets
$4.0B
$12.9B
Debt / EquityLower = less leverage
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENS
ENS
OGN
OGN
Q4 25
$450.1M
$574.0M
Q3 25
$388.6M
$672.0M
Q2 25
$346.7M
$599.0M
Q1 25
$343.1M
$547.0M
Q4 24
$463.2M
$675.0M
Q3 24
$407.9M
$763.0M
Q2 24
$344.1M
$704.0M
Q1 24
$333.3M
$575.0M
Total Debt
ENS
ENS
OGN
OGN
Q4 25
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
Q1 25
$1.1B
$9.0B
Q4 24
$8.9B
Q3 24
$8.7B
Q2 24
$8.7B
Q1 24
$802.0M
$8.7B
Stockholders' Equity
ENS
ENS
OGN
OGN
Q4 25
$1.9B
$752.0M
Q3 25
$1.9B
$906.0M
Q2 25
$1.9B
$733.0M
Q1 25
$1.9B
$542.0M
Q4 24
$1.8B
$472.0M
Q3 24
$1.8B
$493.0M
Q2 24
$1.8B
$144.0M
Q1 24
$1.8B
$48.0M
Total Assets
ENS
ENS
OGN
OGN
Q4 25
$4.0B
$12.9B
Q3 25
$4.1B
$13.6B
Q2 25
$4.1B
$13.5B
Q1 25
$4.0B
$13.2B
Q4 24
$4.0B
$13.1B
Q3 24
$4.0B
$12.8B
Q2 24
$3.6B
$12.2B
Q1 24
$3.5B
$11.9B
Debt / Equity
ENS
ENS
OGN
OGN
Q4 25
11.49×
Q3 25
9.74×
Q2 25
12.14×
Q1 25
0.57×
16.52×
Q4 24
18.81×
Q3 24
17.75×
Q2 24
60.11×
Q1 24
0.46×
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
ENS
ENS
OGN
OGN
Operating Cash FlowLast quarter
$184.6M
$141.0M
Free Cash FlowOCF − Capex
$171.3M
$96.0M
FCF MarginFCF / Revenue
18.6%
6.4%
Capex IntensityCapex / Revenue
1.4%
3.0%
Cash ConversionOCF / Net Profit
2.04×
TTM Free Cash FlowTrailing 4 quarters
$441.3M
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENS
ENS
OGN
OGN
Q4 25
$184.6M
$141.0M
Q3 25
$218.0M
$264.0M
Q2 25
$968.0K
$220.0M
Q1 25
$135.2M
$75.0M
Q4 24
$81.1M
$390.0M
Q3 24
$33.6M
$141.0M
Q2 24
$10.4M
$332.0M
Q1 24
$76.0M
Free Cash Flow
ENS
ENS
OGN
OGN
Q4 25
$171.3M
$96.0M
Q3 25
$197.1M
$218.0M
Q2 25
$-32.1M
$181.0M
Q1 25
$104.9M
$43.0M
Q4 24
$56.8M
$335.0M
Q3 24
$3.3M
$99.0M
Q2 24
$-25.7M
$300.0M
Q1 24
$30.0M
FCF Margin
ENS
ENS
OGN
OGN
Q4 25
18.6%
6.4%
Q3 25
20.7%
13.6%
Q2 25
-3.6%
11.4%
Q1 25
10.8%
2.8%
Q4 24
6.3%
21.0%
Q3 24
0.4%
6.3%
Q2 24
-3.0%
18.7%
Q1 24
1.8%
Capex Intensity
ENS
ENS
OGN
OGN
Q4 25
1.4%
3.0%
Q3 25
2.2%
2.9%
Q2 25
3.7%
2.4%
Q1 25
3.1%
2.1%
Q4 24
2.7%
3.5%
Q3 24
3.4%
2.7%
Q2 24
4.2%
2.0%
Q1 24
2.8%
Cash Conversion
ENS
ENS
OGN
OGN
Q4 25
2.04×
Q3 25
3.19×
1.65×
Q2 25
0.02×
1.52×
Q1 25
1.40×
0.86×
Q4 24
0.71×
3.58×
Q3 24
0.41×
0.39×
Q2 24
0.15×
1.70×
Q1 24
0.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENS
ENS

Energy Systems$399.5M43%
Motive Power$352.0M38%
Services$92.6M10%
Transferred Over Time$38.2M4%
Other$36.8M4%

OGN
OGN

Segment breakdown not available.

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