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

Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $788.1M, roughly 1.9× Zscaler, Inc.). Organon & Co. runs the higher net margin — 10.0% vs -1.5%, a 11.5% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -3.5%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -4.7%).

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.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

OGN vs ZS — Head-to-Head

Bigger by revenue
OGN
OGN
1.9× larger
OGN
$1.5B
$788.1M
ZS
Growing faster (revenue YoY)
ZS
ZS
+29.0% gap
ZS
25.5%
-3.5%
OGN
Higher net margin
OGN
OGN
11.5% more per $
OGN
10.0%
-1.5%
ZS
Faster 2-yr revenue CAGR
ZS
ZS
Annualised
ZS
22.5%
-4.7%
OGN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
OGN
OGN
ZS
ZS
Revenue
$1.5B
$788.1M
Net Profit
$146.0M
$-11.6M
Gross Margin
53.6%
76.6%
Operating Margin
-4.6%
Net Margin
10.0%
-1.5%
Revenue YoY
-3.5%
25.5%
Net Profit YoY
67.8%
3.6%
EPS (diluted)
$0.55
$-0.07

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
ZS
ZS
Q1 26
$1.5B
Q4 25
$1.5B
$788.1M
Q3 25
$1.6B
$719.2M
Q2 25
$1.6B
$678.0M
Q1 25
$1.5B
$647.9M
Q4 24
$1.6B
$628.0M
Q3 24
$1.6B
$592.9M
Q2 24
$1.6B
$553.2M
Net Profit
OGN
OGN
ZS
ZS
Q1 26
$146.0M
Q4 25
$-205.0M
$-11.6M
Q3 25
$160.0M
$-17.6M
Q2 25
$145.0M
$-4.1M
Q1 25
$87.0M
$-7.7M
Q4 24
$109.0M
$-12.1M
Q3 24
$359.0M
$-14.9M
Q2 24
$195.0M
$19.1M
Gross Margin
OGN
OGN
ZS
ZS
Q1 26
53.6%
Q4 25
49.2%
76.6%
Q3 25
53.5%
76.1%
Q2 25
54.8%
77.0%
Q1 25
55.6%
77.1%
Q4 24
56.3%
77.5%
Q3 24
58.3%
78.0%
Q2 24
58.4%
78.6%
Operating Margin
OGN
OGN
ZS
ZS
Q1 26
Q4 25
-9.8%
-4.6%
Q3 25
15.2%
-4.5%
Q2 25
14.4%
-3.7%
Q1 25
6.7%
-6.2%
Q4 24
8.1%
-4.9%
Q3 24
13.1%
-4.5%
Q2 24
14.6%
-0.5%
Net Margin
OGN
OGN
ZS
ZS
Q1 26
10.0%
Q4 25
-13.6%
-1.5%
Q3 25
10.0%
-2.4%
Q2 25
9.1%
-0.6%
Q1 25
5.8%
-1.2%
Q4 24
6.8%
-1.9%
Q3 24
22.7%
-2.5%
Q2 24
12.1%
3.5%
EPS (diluted)
OGN
OGN
ZS
ZS
Q1 26
$0.55
Q4 25
$-0.78
$-0.07
Q3 25
$0.61
$-0.11
Q2 25
$0.56
$-0.03
Q1 25
$0.33
$-0.05
Q4 24
$0.42
$-0.08
Q3 24
$1.38
$-0.09
Q2 24
$0.75
$0.12

Balance Sheet & Financial Strength

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

Metric
OGN
OGN
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
Total Assets
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$574.0M
$1.3B
Q3 25
$672.0M
$2.4B
Q2 25
$599.0M
$2.0B
Q1 25
$547.0M
$1.8B
Q4 24
$675.0M
$1.6B
Q3 24
$763.0M
$1.4B
Q2 24
$704.0M
$1.3B
Total Debt
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
$1.1B
Q1 25
$9.0B
$1.1B
Q4 24
$8.9B
$1.1B
Q3 24
$8.7B
$1.1B
Q2 24
$8.7B
$1.1B
Stockholders' Equity
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$752.0M
$2.0B
Q3 25
$906.0M
$1.8B
Q2 25
$733.0M
$1.8B
Q1 25
$542.0M
$1.6B
Q4 24
$472.0M
$1.4B
Q3 24
$493.0M
$1.3B
Q2 24
$144.0M
$1.1B
Total Assets
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$12.9B
$6.5B
Q3 25
$13.6B
$6.4B
Q2 25
$13.5B
$5.3B
Q1 25
$13.2B
$5.0B
Q4 24
$13.1B
$4.7B
Q3 24
$12.8B
$4.7B
Q2 24
$12.2B
$4.2B
Debt / Equity
OGN
OGN
ZS
ZS
Q1 26
Q4 25
11.49×
Q3 25
9.74×
Q2 25
12.14×
0.64×
Q1 25
16.52×
0.71×
Q4 24
18.81×
0.80×
Q3 24
17.75×
0.90×
Q2 24
60.11×
1.04×

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
ZS
ZS
Operating Cash FlowLast quarter
$448.3M
Free Cash FlowOCF − Capex
$431.0M
FCF MarginFCF / Revenue
54.7%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$141.0M
$448.3M
Q3 25
$264.0M
$250.6M
Q2 25
$220.0M
$211.1M
Q1 25
$75.0M
$179.4M
Q4 24
$390.0M
$331.3M
Q3 24
$141.0M
$203.6M
Q2 24
$332.0M
$173.4M
Free Cash Flow
OGN
OGN
ZS
ZS
Q1 26
Q4 25
$96.0M
$431.0M
Q3 25
$218.0M
$190.6M
Q2 25
$181.0M
$138.9M
Q1 25
$43.0M
$164.4M
Q4 24
$335.0M
$314.3M
Q3 24
$99.0M
$154.2M
Q2 24
$300.0M
$137.8M
FCF Margin
OGN
OGN
ZS
ZS
Q1 26
Q4 25
6.4%
54.7%
Q3 25
13.6%
26.5%
Q2 25
11.4%
20.5%
Q1 25
2.8%
25.4%
Q4 24
21.0%
50.1%
Q3 24
6.3%
26.0%
Q2 24
18.7%
24.9%
Capex Intensity
OGN
OGN
ZS
ZS
Q1 26
Q4 25
3.0%
2.2%
Q3 25
2.9%
8.3%
Q2 25
2.4%
10.6%
Q1 25
2.1%
2.3%
Q4 24
3.5%
2.7%
Q3 24
2.7%
8.3%
Q2 24
2.0%
6.4%
Cash Conversion
OGN
OGN
ZS
ZS
Q1 26
Q4 25
Q3 25
1.65×
Q2 25
1.52×
Q1 25
0.86×
Q4 24
3.58×
Q3 24
0.39×
Q2 24
1.70×
9.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OGN
OGN

Established Brands$880.0M60%
Women’s Health$389.0M27%
Biosimilars$173.0M12%

ZS
ZS

Segment breakdown not available.

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