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Side-by-side financial comparison of Organon & Co. (OGN) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.5B vs $1.5B, roughly 1.0× Organon & Co.). WATSCO INC runs the higher net margin — 6.1% vs -13.6%, a 19.7% gap on every dollar of revenue. On growth, WATSCO INC posted the faster year-over-year revenue change (0.1% vs -5.3%). Over the past eight quarters, Organon & Co.'s revenue compounded faster (-3.6% CAGR vs -15.3%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
OGN vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.5B |
| Net Profit | $-205.0M | $92.9M |
| Gross Margin | 49.2% | 27.9% |
| Operating Margin | -9.8% | 7.2% |
| Net Margin | -13.6% | 6.1% |
| Revenue YoY | -5.3% | 0.1% |
| Net Profit YoY | -288.1% | -1.7% |
| EPS (diluted) | $-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.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.6B | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $-205.0M | $71.7M | ||
| Q3 25 | $160.0M | $161.6M | ||
| Q2 25 | $145.0M | $183.6M | ||
| Q1 25 | $87.0M | $80.1M | ||
| Q4 24 | $109.0M | $96.8M | ||
| Q3 24 | $359.0M | $171.0M | ||
| Q2 24 | $195.0M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 49.2% | 27.1% | ||
| Q3 25 | 53.5% | 27.5% | ||
| Q2 25 | 54.8% | 29.3% | ||
| Q1 25 | 55.6% | 28.1% | ||
| Q4 24 | 56.3% | 26.7% | ||
| Q3 24 | 58.3% | 26.2% | ||
| Q2 24 | 58.4% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | -9.8% | 6.4% | ||
| Q3 25 | 15.2% | 11.4% | ||
| Q2 25 | 14.4% | 13.2% | ||
| Q1 25 | 6.7% | 7.3% | ||
| Q4 24 | 8.1% | 7.8% | ||
| Q3 24 | 13.1% | 11.6% | ||
| Q2 24 | 14.6% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -13.6% | 4.5% | ||
| Q3 25 | 10.0% | 7.8% | ||
| Q2 25 | 9.1% | 8.9% | ||
| Q1 25 | 5.8% | 5.2% | ||
| Q4 24 | 6.8% | 5.5% | ||
| Q3 24 | 22.7% | 7.9% | ||
| Q2 24 | 12.1% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.78 | $1.82 | ||
| Q3 25 | $0.61 | $3.98 | ||
| Q2 25 | $0.56 | $4.52 | ||
| Q1 25 | $0.33 | $1.93 | ||
| Q4 24 | $0.42 | $2.42 | ||
| Q3 24 | $1.38 | $4.22 | ||
| Q2 24 | $0.75 | $4.49 |
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 | $392.7M |
| Total DebtLower is stronger | $8.6B | — |
| Stockholders' EquityBook value | $752.0M | $3.2B |
| Total Assets | $12.9B | $4.6B |
| Debt / EquityLower = less leverage | 11.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $574.0M | $733.3M | ||
| Q3 25 | $672.0M | $524.3M | ||
| Q2 25 | $599.0M | $293.0M | ||
| Q1 25 | $547.0M | $431.8M | ||
| Q4 24 | $675.0M | $781.9M | ||
| Q3 24 | $763.0M | $550.0M | ||
| Q2 24 | $704.0M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $8.6B | $361.6M | ||
| Q3 25 | $8.8B | $340.8M | ||
| Q2 25 | $8.9B | $338.7M | ||
| Q1 25 | $9.0B | $346.4M | ||
| Q4 24 | $8.9B | $337.2M | ||
| Q3 24 | $8.7B | $321.0M | ||
| Q2 24 | $8.7B | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $752.0M | $2.8B | ||
| Q3 25 | $906.0M | $2.8B | ||
| Q2 25 | $733.0M | $2.8B | ||
| Q1 25 | $542.0M | $2.7B | ||
| Q4 24 | $472.0M | $2.7B | ||
| Q3 24 | $493.0M | $2.7B | ||
| Q2 24 | $144.0M | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $12.9B | $4.4B | ||
| Q3 25 | $13.6B | $4.6B | ||
| Q2 25 | $13.5B | $4.7B | ||
| Q1 25 | $13.2B | $4.5B | ||
| Q4 24 | $13.1B | $4.5B | ||
| Q3 24 | $12.8B | $4.5B | ||
| Q2 24 | $12.2B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 11.49× | 0.13× | ||
| Q3 25 | 9.74× | 0.12× | ||
| Q2 25 | 12.14× | 0.12× | ||
| Q1 25 | 16.52× | 0.13× | ||
| Q4 24 | 18.81× | 0.13× | ||
| Q3 24 | 17.75× | 0.12× | ||
| Q2 24 | 60.11× | 0.12× |
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 | $141.0M | — |
| Free Cash FlowOCF − Capex | $96.0M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $538.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $141.0M | $399.8M | ||
| Q3 25 | $264.0M | $354.9M | ||
| Q2 25 | $220.0M | $-7.4M | ||
| Q1 25 | $75.0M | $-177.6M | ||
| Q4 24 | $390.0M | $378.9M | ||
| Q3 24 | $141.0M | $232.8M | ||
| Q2 24 | $332.0M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $96.0M | $388.5M | ||
| Q3 25 | $218.0M | $346.1M | ||
| Q2 25 | $181.0M | $-14.3M | ||
| Q1 25 | $43.0M | $-185.2M | ||
| Q4 24 | $335.0M | $370.9M | ||
| Q3 24 | $99.0M | $223.0M | ||
| Q2 24 | $300.0M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 24.6% | ||
| Q3 25 | 13.6% | 16.7% | ||
| Q2 25 | 11.4% | -0.7% | ||
| Q1 25 | 2.8% | -12.1% | ||
| Q4 24 | 21.0% | 21.1% | ||
| Q3 24 | 6.3% | 10.3% | ||
| Q2 24 | 18.7% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.7% | ||
| Q3 25 | 2.9% | 0.4% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 2.1% | 0.5% | ||
| Q4 24 | 3.5% | 0.5% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.0% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | 1.65× | 2.20× | ||
| Q2 25 | 1.52× | -0.04× | ||
| Q1 25 | 0.86× | -2.22× | ||
| Q4 24 | 3.58× | 3.91× | ||
| Q3 24 | 0.39× | 1.36× | ||
| Q2 24 | 1.70× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
