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Side-by-side financial comparison of M&T Bank (MTB) and Organon & Co. (OGN). Click either name above to swap in a different company.
M&T Bank is the larger business by last-quarter revenue ($2.5B vs $1.5B, roughly 1.6× Organon & Co.). M&T Bank runs the higher net margin — 30.7% vs -13.6%, a 44.3% gap on every dollar of revenue. On growth, M&T Bank posted the faster year-over-year revenue change (3.8% vs -5.3%). Over the past eight quarters, M&T Bank's revenue compounded faster (4.6% CAGR vs -3.6%).
M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.
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.
MTB vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.5B |
| Net Profit | $759.0M | $-205.0M |
| Gross Margin | — | 49.2% |
| Operating Margin | 39.2% | -9.8% |
| Net Margin | 30.7% | -13.6% |
| Revenue YoY | 3.8% | -5.3% |
| Net Profit YoY | 11.5% | -288.1% |
| EPS (diluted) | $4.62 | $-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 | $2.5B | $1.5B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $759.0M | $-205.0M | ||
| Q3 25 | $792.0M | $160.0M | ||
| Q2 25 | $716.0M | $145.0M | ||
| Q1 25 | $584.0M | $87.0M | ||
| Q4 24 | $681.0M | $109.0M | ||
| Q3 24 | $721.0M | $359.0M | ||
| Q2 24 | $655.0M | $195.0M | ||
| Q1 24 | $531.0M | $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 | 39.2% | -9.8% | ||
| Q3 25 | 40.8% | 15.2% | ||
| Q2 25 | 39.0% | 14.4% | ||
| Q1 25 | 33.0% | 6.7% | ||
| Q4 24 | 37.0% | 8.1% | ||
| Q3 24 | 39.0% | 13.1% | ||
| Q2 24 | 37.1% | 14.6% | ||
| Q1 24 | 29.4% | 14.5% |
| Q4 25 | 30.7% | -13.6% | ||
| Q3 25 | 31.5% | 10.0% | ||
| Q2 25 | 29.9% | 9.1% | ||
| Q1 25 | 25.3% | 5.8% | ||
| Q4 24 | 28.6% | 6.8% | ||
| Q3 24 | 30.9% | 22.7% | ||
| Q2 24 | 28.5% | 12.1% | ||
| Q1 24 | 23.5% | 12.4% |
| Q4 25 | $4.62 | $-0.78 | ||
| Q3 25 | $4.82 | $0.61 | ||
| Q2 25 | $4.24 | $0.56 | ||
| Q1 25 | $3.32 | $0.33 | ||
| Q4 24 | $3.87 | $0.42 | ||
| Q3 24 | $4.02 | $1.38 | ||
| Q2 24 | $3.73 | $0.75 | ||
| Q1 24 | $3.02 | $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 | — | $574.0M |
| Total DebtLower is stronger | $10.9B | $8.6B |
| Stockholders' EquityBook value | $29.2B | $752.0M |
| Total Assets | $213.5B | $12.9B |
| Debt / EquityLower = less leverage | 0.37× | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $574.0M | ||
| Q3 25 | — | $672.0M | ||
| Q2 25 | — | $599.0M | ||
| Q1 25 | — | $547.0M | ||
| Q4 24 | — | $675.0M | ||
| Q3 24 | — | $763.0M | ||
| Q2 24 | — | $704.0M | ||
| Q1 24 | — | $575.0M |
| Q4 25 | $10.9B | $8.6B | ||
| Q3 25 | $12.9B | $8.8B | ||
| Q2 25 | $12.4B | $8.9B | ||
| Q1 25 | $10.5B | $9.0B | ||
| Q4 24 | $12.6B | $8.9B | ||
| Q3 24 | $11.6B | $8.7B | ||
| Q2 24 | $11.3B | $8.7B | ||
| Q1 24 | $11.4B | $8.7B |
| Q4 25 | $29.2B | $752.0M | ||
| Q3 25 | $28.7B | $906.0M | ||
| Q2 25 | $28.5B | $733.0M | ||
| Q1 25 | $29.0B | $542.0M | ||
| Q4 24 | $29.0B | $472.0M | ||
| Q3 24 | $28.9B | $493.0M | ||
| Q2 24 | $28.4B | $144.0M | ||
| Q1 24 | $27.2B | $48.0M |
| Q4 25 | $213.5B | $12.9B | ||
| Q3 25 | $211.3B | $13.6B | ||
| Q2 25 | $211.6B | $13.5B | ||
| Q1 25 | $210.3B | $13.2B | ||
| Q4 24 | $208.1B | $13.1B | ||
| Q3 24 | $211.8B | $12.8B | ||
| Q2 24 | $208.9B | $12.2B | ||
| Q1 24 | $215.1B | $11.9B |
| Q4 25 | 0.37× | 11.49× | ||
| Q3 25 | 0.45× | 9.74× | ||
| Q2 25 | 0.43× | 12.14× | ||
| Q1 25 | 0.36× | 16.52× | ||
| Q4 24 | 0.43× | 18.81× | ||
| Q3 24 | 0.40× | 17.75× | ||
| Q2 24 | 0.40× | 60.11× | ||
| Q1 24 | 0.42× | 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 | $3.0B | $141.0M |
| Free Cash FlowOCF − Capex | — | $96.0M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 3.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $141.0M | ||
| Q3 25 | $1.0B | $264.0M | ||
| Q2 25 | $844.0M | $220.0M | ||
| Q1 25 | $635.0M | $75.0M | ||
| Q4 24 | $3.6B | $390.0M | ||
| Q3 24 | $-28.0M | $141.0M | ||
| Q2 24 | $1.4B | $332.0M | ||
| Q1 24 | $608.0M | $76.0M |
| Q4 25 | — | $96.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $181.0M | ||
| Q1 25 | — | $43.0M | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $99.0M | ||
| Q2 24 | — | $300.0M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.26× | 1.65× | ||
| Q2 25 | 1.18× | 1.52× | ||
| Q1 25 | 1.09× | 0.86× | ||
| Q4 24 | 5.30× | 3.58× | ||
| Q3 24 | -0.04× | 0.39× | ||
| Q2 24 | 2.07× | 1.70× | ||
| Q1 24 | 1.15× | 0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
