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

KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× Organon & Co.). KeyCorp runs the higher net margin — 25.4% vs -13.6%, a 39.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -5.3%). KeyCorp produced more free cash flow last quarter ($2.1B vs $96.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs -3.6%).

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

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.

KEY vs OGN — Head-to-Head

Bigger by revenue
KEY
KEY
1.3× larger
KEY
$2.0B
$1.5B
OGN
Growing faster (revenue YoY)
KEY
KEY
+137.1% gap
KEY
131.8%
-5.3%
OGN
Higher net margin
KEY
KEY
39.0% more per $
KEY
25.4%
-13.6%
OGN
More free cash flow
KEY
KEY
$2.0B more FCF
KEY
$2.1B
$96.0M
OGN
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
14.4%
-3.6%
OGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KEY
KEY
OGN
OGN
Revenue
$2.0B
$1.5B
Net Profit
$510.0M
$-205.0M
Gross Margin
49.2%
Operating Margin
32.3%
-9.8%
Net Margin
25.4%
-13.6%
Revenue YoY
131.8%
-5.3%
Net Profit YoY
309.0%
-288.1%
EPS (diluted)
$0.43
$-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
KEY
KEY
OGN
OGN
Q4 25
$2.0B
$1.5B
Q3 25
$1.9B
$1.6B
Q2 25
$1.8B
$1.6B
Q1 25
$1.8B
$1.5B
Q4 24
$865.0M
$1.6B
Q3 24
$695.0M
$1.6B
Q2 24
$1.5B
$1.6B
Q1 24
$1.5B
$1.6B
Net Profit
KEY
KEY
OGN
OGN
Q4 25
$510.0M
$-205.0M
Q3 25
$489.0M
$160.0M
Q2 25
$425.0M
$145.0M
Q1 25
$405.0M
$87.0M
Q4 24
$-244.0M
$109.0M
Q3 24
$-410.0M
$359.0M
Q2 24
$274.0M
$195.0M
Q1 24
$219.0M
$201.0M
Gross Margin
KEY
KEY
OGN
OGN
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%
Operating Margin
KEY
KEY
OGN
OGN
Q4 25
32.3%
-9.8%
Q3 25
31.8%
15.2%
Q2 25
29.3%
14.4%
Q1 25
29.0%
6.7%
Q4 24
-92.6%
8.1%
Q3 24
-72.8%
13.1%
Q2 24
22.0%
14.6%
Q1 24
18.1%
14.5%
Net Margin
KEY
KEY
OGN
OGN
Q4 25
25.4%
-13.6%
Q3 25
25.8%
10.0%
Q2 25
23.1%
9.1%
Q1 25
22.8%
5.8%
Q4 24
-54.7%
6.8%
Q3 24
-59.0%
22.7%
Q2 24
18.0%
12.1%
Q1 24
14.3%
12.4%
EPS (diluted)
KEY
KEY
OGN
OGN
Q4 25
$0.43
$-0.78
Q3 25
$0.41
$0.61
Q2 25
$0.35
$0.56
Q1 25
$0.33
$0.33
Q4 24
$-0.30
$0.42
Q3 24
$-0.47
$1.38
Q2 24
$0.25
$0.75
Q1 24
$0.20
$0.78

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$10.2B
$574.0M
Total DebtLower is stronger
$9.9B
$8.6B
Stockholders' EquityBook value
$20.4B
$752.0M
Total Assets
$184.4B
$12.9B
Debt / EquityLower = less leverage
0.49×
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
OGN
OGN
Q4 25
$10.2B
$574.0M
Q3 25
$13.3B
$672.0M
Q2 25
$11.6B
$599.0M
Q1 25
$15.3B
$547.0M
Q4 24
$17.5B
$675.0M
Q3 24
$22.8B
$763.0M
Q2 24
$15.5B
$704.0M
Q1 24
$13.2B
$575.0M
Total Debt
KEY
KEY
OGN
OGN
Q4 25
$9.9B
$8.6B
Q3 25
$10.9B
$8.8B
Q2 25
$12.1B
$8.9B
Q1 25
$12.4B
$9.0B
Q4 24
$12.1B
$8.9B
Q3 24
$15.7B
$8.7B
Q2 24
$16.9B
$8.7B
Q1 24
$20.8B
$8.7B
Stockholders' Equity
KEY
KEY
OGN
OGN
Q4 25
$20.4B
$752.0M
Q3 25
$20.1B
$906.0M
Q2 25
$19.5B
$733.0M
Q1 25
$19.0B
$542.0M
Q4 24
$18.2B
$472.0M
Q3 24
$16.9B
$493.0M
Q2 24
$14.8B
$144.0M
Q1 24
$14.5B
$48.0M
Total Assets
KEY
KEY
OGN
OGN
Q4 25
$184.4B
$12.9B
Q3 25
$187.4B
$13.6B
Q2 25
$185.5B
$13.5B
Q1 25
$188.7B
$13.2B
Q4 24
$187.2B
$13.1B
Q3 24
$189.8B
$12.8B
Q2 24
$187.4B
$12.2B
Q1 24
$187.5B
$11.9B
Debt / Equity
KEY
KEY
OGN
OGN
Q4 25
0.49×
11.49×
Q3 25
0.54×
9.74×
Q2 25
0.62×
12.14×
Q1 25
0.65×
16.52×
Q4 24
0.67×
18.81×
Q3 24
0.93×
17.75×
Q2 24
1.14×
60.11×
Q1 24
1.43×
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
KEY
KEY
OGN
OGN
Operating Cash FlowLast quarter
$2.2B
$141.0M
Free Cash FlowOCF − Capex
$2.1B
$96.0M
FCF MarginFCF / Revenue
104.8%
6.4%
Capex IntensityCapex / Revenue
5.3%
3.0%
Cash ConversionOCF / Net Profit
4.33×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
OGN
OGN
Q4 25
$2.2B
$141.0M
Q3 25
$396.0M
$264.0M
Q2 25
$1.2B
$220.0M
Q1 25
$-140.0M
$75.0M
Q4 24
$664.0M
$390.0M
Q3 24
$-1.2B
$141.0M
Q2 24
$-217.0M
$332.0M
Q1 24
$359.0M
$76.0M
Free Cash Flow
KEY
KEY
OGN
OGN
Q4 25
$2.1B
$96.0M
Q3 25
$367.0M
$218.0M
Q2 25
$1.2B
$181.0M
Q1 25
$-150.0M
$43.0M
Q4 24
$599.0M
$335.0M
Q3 24
$-1.2B
$99.0M
Q2 24
$-230.0M
$300.0M
Q1 24
$347.0M
$30.0M
FCF Margin
KEY
KEY
OGN
OGN
Q4 25
104.8%
6.4%
Q3 25
19.4%
13.6%
Q2 25
65.8%
11.4%
Q1 25
-8.5%
2.8%
Q4 24
69.2%
21.0%
Q3 24
-175.8%
6.3%
Q2 24
-15.1%
18.7%
Q1 24
22.6%
1.8%
Capex Intensity
KEY
KEY
OGN
OGN
Q4 25
5.3%
3.0%
Q3 25
1.5%
2.9%
Q2 25
1.3%
2.4%
Q1 25
0.6%
2.1%
Q4 24
7.5%
3.5%
Q3 24
2.4%
2.7%
Q2 24
0.9%
2.0%
Q1 24
0.8%
2.8%
Cash Conversion
KEY
KEY
OGN
OGN
Q4 25
4.33×
Q3 25
0.81×
1.65×
Q2 25
2.90×
1.52×
Q1 25
-0.35×
0.86×
Q4 24
3.58×
Q3 24
0.39×
Q2 24
-0.79×
1.70×
Q1 24
1.64×
0.38×

Financial Flow Comparison

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

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