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Side-by-side financial comparison of Organon & Co. (OGN) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.5B, roughly 1.8× Organon & Co.). Molson Coors Beverage Company runs the higher net margin — 5.5% vs -13.6%, a 19.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -5.3%). Organon & Co. produced more free cash flow last quarter ($96.0M vs $-212.9M). Over the past eight quarters, Organon & Co.'s revenue compounded faster (-3.6% CAGR vs -15.8%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

OGN vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.8× larger
TAP
$2.7B
$1.5B
OGN
Growing faster (revenue YoY)
TAP
TAP
+7.4% gap
TAP
2.0%
-5.3%
OGN
Higher net margin
TAP
TAP
19.1% more per $
TAP
5.5%
-13.6%
OGN
More free cash flow
OGN
OGN
$308.9M more FCF
OGN
$96.0M
$-212.9M
TAP
Faster 2-yr revenue CAGR
OGN
OGN
Annualised
OGN
-3.6%
-15.8%
TAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OGN
OGN
TAP
TAP
Revenue
$1.5B
$2.7B
Net Profit
$-205.0M
$150.1M
Gross Margin
49.2%
33.0%
Operating Margin
-9.8%
Net Margin
-13.6%
5.5%
Revenue YoY
-5.3%
2.0%
Net Profit YoY
-288.1%
25.0%
EPS (diluted)
$-0.78
$0.80

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
OGN
OGN
TAP
TAP
Q1 26
$2.7B
Q4 25
$1.5B
$3.1B
Q3 25
$1.6B
$3.5B
Q2 25
$1.6B
$3.7B
Q1 25
$1.5B
$2.7B
Q4 24
$1.6B
$3.2B
Q3 24
$1.6B
$3.6B
Q2 24
$1.6B
$3.8B
Net Profit
OGN
OGN
TAP
TAP
Q1 26
$150.1M
Q4 25
$-205.0M
$238.3M
Q3 25
$160.0M
$-2.9B
Q2 25
$145.0M
$428.7M
Q1 25
$87.0M
$121.0M
Q4 24
$109.0M
$287.8M
Q3 24
$359.0M
$199.8M
Q2 24
$195.0M
$427.0M
Gross Margin
OGN
OGN
TAP
TAP
Q1 26
33.0%
Q4 25
49.2%
31.0%
Q3 25
53.5%
33.7%
Q2 25
54.8%
34.3%
Q1 25
55.6%
31.6%
Q4 24
56.3%
32.0%
Q3 24
58.3%
33.4%
Q2 24
58.4%
34.6%
Operating Margin
OGN
OGN
TAP
TAP
Q1 26
Q4 25
-9.8%
10.4%
Q3 25
15.2%
-98.5%
Q2 25
14.4%
15.6%
Q1 25
6.7%
6.9%
Q4 24
8.1%
12.0%
Q3 24
13.1%
12.5%
Q2 24
14.6%
15.6%
Net Margin
OGN
OGN
TAP
TAP
Q1 26
5.5%
Q4 25
-13.6%
7.6%
Q3 25
10.0%
-84.0%
Q2 25
9.1%
11.5%
Q1 25
5.8%
4.5%
Q4 24
6.8%
8.9%
Q3 24
22.7%
5.5%
Q2 24
12.1%
11.1%
EPS (diluted)
OGN
OGN
TAP
TAP
Q1 26
$0.80
Q4 25
$-0.78
$1.32
Q3 25
$0.61
$-14.79
Q2 25
$0.56
$2.13
Q1 25
$0.33
$0.59
Q4 24
$0.42
$1.39
Q3 24
$1.38
$0.96
Q2 24
$0.75
$2.03

Balance Sheet & Financial Strength

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

Metric
OGN
OGN
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$574.0M
$382.6M
Total DebtLower is stronger
$8.6B
$3.8B
Stockholders' EquityBook value
$752.0M
$10.3B
Total Assets
$12.9B
$22.4B
Debt / EquityLower = less leverage
11.49×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGN
OGN
TAP
TAP
Q1 26
$382.6M
Q4 25
$574.0M
$896.5M
Q3 25
$672.0M
$950.2M
Q2 25
$599.0M
$613.8M
Q1 25
$547.0M
$412.7M
Q4 24
$675.0M
$969.3M
Q3 24
$763.0M
$1.0B
Q2 24
$704.0M
$1.6B
Total Debt
OGN
OGN
TAP
TAP
Q1 26
$3.8B
Q4 25
$8.6B
$6.3B
Q3 25
$8.8B
$6.3B
Q2 25
$8.9B
$6.3B
Q1 25
$9.0B
$6.2B
Q4 24
$8.9B
$6.1B
Q3 24
$8.7B
$6.2B
Q2 24
$8.7B
$7.0B
Stockholders' Equity
OGN
OGN
TAP
TAP
Q1 26
$10.3B
Q4 25
$752.0M
$10.2B
Q3 25
$906.0M
$10.3B
Q2 25
$733.0M
$13.4B
Q1 25
$542.0M
$13.1B
Q4 24
$472.0M
$13.1B
Q3 24
$493.0M
$13.3B
Q2 24
$144.0M
$13.2B
Total Assets
OGN
OGN
TAP
TAP
Q1 26
$22.4B
Q4 25
$12.9B
$22.7B
Q3 25
$13.6B
$22.9B
Q2 25
$13.5B
$26.8B
Q1 25
$13.2B
$25.9B
Q4 24
$13.1B
$26.1B
Q3 24
$12.8B
$26.6B
Q2 24
$12.2B
$27.4B
Debt / Equity
OGN
OGN
TAP
TAP
Q1 26
0.38×
Q4 25
11.49×
0.61×
Q3 25
9.74×
0.61×
Q2 25
12.14×
0.47×
Q1 25
16.52×
0.47×
Q4 24
18.81×
0.47×
Q3 24
17.75×
0.47×
Q2 24
60.11×
0.53×

Cash Flow & Capital Efficiency

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

Metric
OGN
OGN
TAP
TAP
Operating Cash FlowLast quarter
$141.0M
Free Cash FlowOCF − Capex
$96.0M
$-212.9M
FCF MarginFCF / Revenue
6.4%
-7.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$538.0M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGN
OGN
TAP
TAP
Q1 26
Q4 25
$141.0M
$540.7M
Q3 25
$264.0M
$616.1M
Q2 25
$220.0M
$718.3M
Q1 25
$75.0M
$-90.7M
Q4 24
$390.0M
$494.5M
Q3 24
$141.0M
$521.2M
Q2 24
$332.0M
$869.2M
Free Cash Flow
OGN
OGN
TAP
TAP
Q1 26
$-212.9M
Q4 25
$96.0M
$357.8M
Q3 25
$218.0M
$483.0M
Q2 25
$181.0M
$555.0M
Q1 25
$43.0M
$-328.0M
Q4 24
$335.0M
$383.4M
Q3 24
$99.0M
$350.4M
Q2 24
$300.0M
$691.7M
FCF Margin
OGN
OGN
TAP
TAP
Q1 26
-7.8%
Q4 25
6.4%
11.4%
Q3 25
13.6%
13.9%
Q2 25
11.4%
14.8%
Q1 25
2.8%
-12.2%
Q4 24
21.0%
11.8%
Q3 24
6.3%
9.7%
Q2 24
18.7%
18.0%
Capex Intensity
OGN
OGN
TAP
TAP
Q1 26
Q4 25
3.0%
5.9%
Q3 25
2.9%
3.8%
Q2 25
2.4%
4.4%
Q1 25
2.1%
8.8%
Q4 24
3.5%
3.4%
Q3 24
2.7%
4.7%
Q2 24
2.0%
4.6%
Cash Conversion
OGN
OGN
TAP
TAP
Q1 26
Q4 25
2.27×
Q3 25
1.65×
Q2 25
1.52×
1.68×
Q1 25
0.86×
-0.75×
Q4 24
3.58×
1.72×
Q3 24
0.39×
2.61×
Q2 24
1.70×
2.04×

Financial Flow Comparison

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

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