What is Organon's net debt?

Organon (OGN) reported net debt of $7.45B in Q1 2026.

How has Organon's net debt changed year-over-year?

Organon's net debt decreased by 11.4% year-over-year, from $8.41B to $7.45B.

What is the long-term trend for Organon's net debt?

Over 5 years (2020 to 2025), Organon's net debt has grown at a 236.7% compound annual growth rate (CAGR), from $19M to $8.23B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Organon OGN Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$1.5B-3.5%

Gross profit$783.0M-6.9%

Net income$146.0M+67.8%

EPS (diluted)$0.55+66.7%

Balance sheet

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Cash & equivalents$1.1B+104%

Total debt$8.6B-4.3%

Total equity$903.0M+66.6%

Total assets$13.0B-1.2%

Cash flow

See full

Operating cash flow$225.0M+200%

CapEx$37.0M+15.6%

Free cash flow$188.0M+337%

Valuation

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Market cap$3.53B-59.4%

Profitability

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Gross margin52.8%-4.4pp

Net margin8%-12.3pp

FCF margin11.1%-1.3pp

Returns & leverage

See full

Return on equity71.6%—

Debt / equity9.5×-7.0×

Current ratio2×+0.3×

Where this comes from

Calculated from Organon’s reported figures.

$8.6Btotal debt−$1.1Bcash and equivalents=$7.45B

The official record: Organon’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Organon's net debt?: Organon (OGN) reported net debt of $7.45B in Q1 2026.
How has Organon's net debt changed year-over-year?: Organon's net debt decreased by 11.4% year-over-year, from $8.41B to $7.45B.
What is the long-term trend for Organon's net debt?: Over 5 years (2020 to 2025), Organon's net debt has grown at a 236.7% compound annual growth rate (CAGR), from $19M to $8.23B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.