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

Wabtec is the larger business by last-quarter revenue ($3.0B vs $1.5B, roughly 2.0× Organon & Co.). Wabtec runs the higher net margin — 12.3% vs -13.6%, a 25.9% gap on every dollar of revenue. On growth, Wabtec posted the faster year-over-year revenue change (13.0% vs -5.3%). Over the past eight quarters, Wabtec's revenue compounded faster (5.6% CAGR vs -3.6%).

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.

Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower in 1999. It is headquartered in Pittsburgh, Pennsylvania.

OGN vs WAB — Head-to-Head

Bigger by revenue
WAB
WAB
2.0× larger
WAB
$3.0B
$1.5B
OGN
Growing faster (revenue YoY)
WAB
WAB
+18.4% gap
WAB
13.0%
-5.3%
OGN
Higher net margin
WAB
WAB
25.9% more per $
WAB
12.3%
-13.6%
OGN
Faster 2-yr revenue CAGR
WAB
WAB
Annualised
WAB
5.6%
-3.6%
OGN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OGN
OGN
WAB
WAB
Revenue
$1.5B
$3.0B
Net Profit
$-205.0M
$363.0M
Gross Margin
49.2%
36.0%
Operating Margin
-9.8%
17.5%
Net Margin
-13.6%
12.3%
Revenue YoY
-5.3%
13.0%
Net Profit YoY
-288.1%
11.0%
EPS (diluted)
$-0.78
$2.12

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
WAB
WAB
Q1 26
$3.0B
Q4 25
$1.5B
$3.0B
Q3 25
$1.6B
$2.9B
Q2 25
$1.6B
$2.7B
Q1 25
$1.5B
$2.6B
Q4 24
$1.6B
$2.6B
Q3 24
$1.6B
$2.7B
Q2 24
$1.6B
$2.6B
Net Profit
OGN
OGN
WAB
WAB
Q1 26
$363.0M
Q4 25
$-205.0M
$202.0M
Q3 25
$160.0M
$310.0M
Q2 25
$145.0M
$336.0M
Q1 25
$87.0M
$322.0M
Q4 24
$109.0M
$212.0M
Q3 24
$359.0M
$283.0M
Q2 24
$195.0M
$289.0M
Gross Margin
OGN
OGN
WAB
WAB
Q1 26
36.0%
Q4 25
49.2%
32.6%
Q3 25
53.5%
34.7%
Q2 25
54.8%
34.7%
Q1 25
55.6%
34.5%
Q4 24
56.3%
30.9%
Q3 24
58.3%
33.0%
Q2 24
58.4%
33.1%
Operating Margin
OGN
OGN
WAB
WAB
Q1 26
17.5%
Q4 25
-9.8%
12.0%
Q3 25
15.2%
17.0%
Q2 25
14.4%
17.4%
Q1 25
6.7%
18.2%
Q4 24
8.1%
12.9%
Q3 24
13.1%
16.3%
Q2 24
14.6%
16.3%
Net Margin
OGN
OGN
WAB
WAB
Q1 26
12.3%
Q4 25
-13.6%
6.8%
Q3 25
10.0%
10.7%
Q2 25
9.1%
12.4%
Q1 25
5.8%
12.3%
Q4 24
6.8%
8.2%
Q3 24
22.7%
10.6%
Q2 24
12.1%
10.9%
EPS (diluted)
OGN
OGN
WAB
WAB
Q1 26
$2.12
Q4 25
$-0.78
$1.18
Q3 25
$0.61
$1.81
Q2 25
$0.56
$1.96
Q1 25
$0.33
$1.88
Q4 24
$0.42
$1.24
Q3 24
$1.38
$1.63
Q2 24
$0.75
$1.64

Balance Sheet & Financial Strength

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

Metric
OGN
OGN
WAB
WAB
Cash + ST InvestmentsLiquidity on hand
$574.0M
Total DebtLower is stronger
$8.6B
$4.7B
Stockholders' EquityBook value
$752.0M
$11.1B
Total Assets
$12.9B
$23.2B
Debt / EquityLower = less leverage
11.49×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGN
OGN
WAB
WAB
Q1 26
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
Total Debt
OGN
OGN
WAB
WAB
Q1 26
$4.7B
Q4 25
$8.6B
$5.5B
Q3 25
$8.8B
$5.3B
Q2 25
$8.9B
$4.8B
Q1 25
$9.0B
$4.0B
Q4 24
$8.9B
$4.0B
Q3 24
$8.7B
$4.0B
Q2 24
$8.7B
$4.0B
Stockholders' Equity
OGN
OGN
WAB
WAB
Q1 26
$11.1B
Q4 25
$752.0M
$11.1B
Q3 25
$906.0M
$11.0B
Q2 25
$733.0M
$10.8B
Q1 25
$542.0M
$10.4B
Q4 24
$472.0M
$10.1B
Q3 24
$493.0M
$10.3B
Q2 24
$144.0M
$10.5B
Total Assets
OGN
OGN
WAB
WAB
Q1 26
$23.2B
Q4 25
$12.9B
$22.1B
Q3 25
$13.6B
$21.5B
Q2 25
$13.5B
$20.4B
Q1 25
$13.2B
$19.1B
Q4 24
$13.1B
$18.7B
Q3 24
$12.8B
$18.6B
Q2 24
$12.2B
$18.9B
Debt / Equity
OGN
OGN
WAB
WAB
Q1 26
0.42×
Q4 25
11.49×
0.50×
Q3 25
9.74×
0.48×
Q2 25
12.14×
0.44×
Q1 25
16.52×
0.39×
Q4 24
18.81×
0.39×
Q3 24
17.75×
0.39×
Q2 24
60.11×
0.38×

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
WAB
WAB
Operating Cash FlowLast quarter
$141.0M
$199.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGN
OGN
WAB
WAB
Q1 26
$199.0M
Q4 25
$141.0M
$992.0M
Q3 25
$264.0M
$367.0M
Q2 25
$220.0M
$209.0M
Q1 25
$75.0M
$191.0M
Q4 24
$390.0M
$723.0M
Q3 24
$141.0M
$542.0M
Q2 24
$332.0M
$235.0M
Free Cash Flow
OGN
OGN
WAB
WAB
Q1 26
Q4 25
$96.0M
$870.0M
Q3 25
$218.0M
$312.0M
Q2 25
$181.0M
$170.0M
Q1 25
$43.0M
$147.0M
Q4 24
$335.0M
$639.0M
Q3 24
$99.0M
$496.0M
Q2 24
$300.0M
$189.0M
FCF Margin
OGN
OGN
WAB
WAB
Q1 26
Q4 25
6.4%
29.3%
Q3 25
13.6%
10.8%
Q2 25
11.4%
6.3%
Q1 25
2.8%
5.6%
Q4 24
21.0%
24.7%
Q3 24
6.3%
18.6%
Q2 24
18.7%
7.1%
Capex Intensity
OGN
OGN
WAB
WAB
Q1 26
Q4 25
3.0%
4.1%
Q3 25
2.9%
1.9%
Q2 25
2.4%
1.4%
Q1 25
2.1%
1.7%
Q4 24
3.5%
3.3%
Q3 24
2.7%
1.7%
Q2 24
2.0%
1.7%
Cash Conversion
OGN
OGN
WAB
WAB
Q1 26
0.55×
Q4 25
4.91×
Q3 25
1.65×
1.18×
Q2 25
1.52×
0.62×
Q1 25
0.86×
0.59×
Q4 24
3.58×
3.41×
Q3 24
0.39×
1.92×
Q2 24
1.70×
0.81×

Financial Flow Comparison

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

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