OGN Organon & Co. Common Stock
About Organon & Co. Common Stock Company overview from Wikipedia
Organon & Co. is an American pharmaceutical company originally founded in Oss, The Netherlands and now 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.
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Organon & Co. is an American pharmaceutical company originally founded in Oss, The Netherlands and now 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.
History
Organon was founded in 1923 as a partnership between Professor Ernst Laqueur, a physiologist/endocrinologist of the University of Amsterdam, and Saal van Zwanenberg who owned a slaughterhouse, Zwanenbergs Slachterije en Fabrieken, in Oss in Northern Brabant. The company's first product was insulin in 1923. In the 1930s it manufactured estrogens, in particular estrone under the trade name Menformon.
In 1948, Organon acquired the Newhouse research site in Scotland, United Kingdom. The production of cortisone was initiated in 1953.
In 1962, the company bought the stock of the Nederlandsche Cocaïnefabriek, and the company name was changed to Koninklijke Zwanenberg-Organon (KZO). It merged with the fibre producer AKU in 1969 to become AKZO, later Akzo Nobel. Organon was the human health care business unit of Akzo Nobel. In 2004, Organon acquired active-pharmaceutical-ingredient producer Diosynth.
Organon was initially located in West Orange, New Jersey. In November 2007, Schering-Plough acquired Organon BioSciences and the veterinary pharmaceutical company Intervet from Akzo Nobel. Schering-Plough transferred Organon to its headquarters in Jersey City, New Jersey. Two years later, Schering-Plough merged with Merck & Co., known as Merck Sharp & Dohme or MSD outside the United States and Canada.
In May 2020, Merck & Co. announced that Organon & Co. would be the name of "the pending spin-off of its women’s health, legacy products, and biosimilars businesses, which the company says is on track to be completed by the end of the first half in 2021." Merck completed the spinoff and Organon & Co. became a publicly traded company on June 3, 2021. A copy of the Information Statement sent to Merck shareholders was filed with the U.S. SEC on April 20, 2021, in a Form 10-12B/A, Exhibit 99.1
In November 2021, the business announced it would acquire Forendo Pharma and its lead compound, a potentially first-in-class oral 17β-hydroxysteroid dehydrogenase type 1 inhibitor.
In April 2026, India based Sun Pharma acquired Organon & Co. at $11.75 billion.
Products
Organon's products are divided into three main categories: women's health (27% of revenue), biosimilars (8% of revenue), and established brands (64% of revenue). Women's health products are mainly contraceptives such as Nexplanon, a three-year reversible contraceptive implant, and fertility drugs such as Puregon, a follicle-stimulating hormone drug.
Biosimilars provide treatment for oncology and immunology at potentially lower cost than other FDA approved treatments. Organon makes the biosimilar Hadlima which it compares to Humira. Their established brands are heavily reliant on sales outside the United States of drugs with generic competition. The cardiovascular products such as Vytorin make a combined 24% of the company revenue.(Revenue figures are from 2022.)
Research compounds
During its period of independent operation, Organon developed a large number of compounds which were never adopted for medical use, but continue to be used for a variety of scientific research. Notable compounds include:
Org 12962
Org 20599
Org 21465
Org 25435
Org 25935
Org 26576
Org 27569
Org 28312
Org 28611
Org 37684
Medicaid fraud
In 2007, whistleblower lawsuits were filed against Organon in federal courts in Massachusetts and Texas. Organon was accused of selling its anti-depression medication Remeron at a discount to nursing home pharmacies in order to encourage use, yet filing claims to Medicaid for reimbursement at the full, undiscounted price. Organon agreed to settle the case for $31 million in October 2014.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
OGN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
OGN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Aug. 14, 2026 | $0.0200 |
| May 11, 2026 | $0.0200 |
| Feb. 23, 2026 | $0.0200 |
| Nov. 20, 2025 | $0.0200 |
| Aug. 15, 2025 | $0.0200 |
| May 12, 2025 | $0.0200 |
| Feb. 24, 2025 | $0.2800 |
| Nov. 12, 2024 | $0.2800 |
| Aug. 16, 2024 | $0.2800 |
| May 10, 2024 | $0.2800 |
| Feb. 23, 2024 | $0.2800 |
| Nov. 10, 2023 | $0.2800 |
| Aug. 17, 2023 | $0.2800 |
| May 12, 2023 | $0.2800 |
| Feb. 24, 2023 | $0.2800 |
| Nov. 10, 2022 | $0.2800 |
| Aug. 12, 2022 | $0.2800 |
| May 13, 2022 | $0.2800 |
| Feb. 25, 2022 | $0.2800 |
| Nov. 19, 2021 | $0.2800 |
OGN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 7 53.8%
- Sell 5 38.5%
- Strong Sell 1 7.7%
12-Month Price Target
4 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.85 | $0.93 | -0.08% |
| March 31, 2026 | $0.71 | $0.84 | -0.13% |
| Dec. 31, 2025 | $0.63 | $0.73 | -0.10% |
| Sept. 30, 2025 | $1.01 | $0.95 | 0.06% |
| June 30, 2025 | $1.00 | $0.96 | 0.04% |
| March 31, 2025 | $1.02 | $0.91 | 0.11% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| OGN | $1.87B | 10.0 | -2.9% | 3.0% | 25.2% | 53.3% |
| EWTX | $2.64B | -15.2 | — | — | -30.2% | — |
| INDV | — | 21.9 | 4.3% | 17.0% | -118.3% | 80.2% |
| MANE | — | — | — | — | 82.6% | — |
| ELVN | $915M | -8.4 | — | — | -21.9% | — |
| GPCR | $14.78B | -86.9 | — | — | -12.3% | — |
| MBX | $1.42B | -13.3 | — | — | -29.6% | — |
| ALMS | — | -3.4 | — | -1011.8% | -61.9% | — |
| AMLX | $1.33B | -7.9 | -77.1% | — | -61.2% | — |
| TARS | $3.48B | -51.5 | 146.7% | -14.7% | -19.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.22B | $6.40B | $6.26B | $6.17B | $6.30B | $6.53B | |
| Cost of Revenue | $2.90B | $2.69B | $2.52B | $2.29B | $2.38B | $2.12B | |
| Gross Profit | $3.31B | $3.71B | $3.75B | $3.88B | · | · | |
| R&D Expense | · | · | · | · | $443M | $210M | |
| SG&A Expense | $1.72B | $1.76B | $1.89B | $1.70B | $1.67B | $1.36B | |
| Interest Expense | $504M | $520M | $527M | $422M | $258M | $0 | |
| Pretax Income | $425M | $807M | $673M | $1.12B | $1.53B | $2.75B | |
| Income Tax | $238M | $-57M | $-350M | $205M | $178M | $496M | |
| Net Income | $187M | $864M | $1.02B | $917M | $1.35B | $2.16B | |
| EPS (Basic) | $0.72 | $3.36 | $4.01 | $3.61 | $5.33 | $8.52 | |
| EPS (Diluted) | $0.72 | $3.33 | $3.99 | $3.59 | $5.31 | $8.52 | |
| Shares (Basic) | 259,495,000 | 257,046,000 | 255,239,000 | 254,082,000 | 253,538,000 | 253,516,000 | |
| Shares (Diluted) | 260,764,000 | 259,152,000 | 256,270,000 | 255,169,000 | 254,193,000 | 253,516,000 |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $574M | $675M | $693M | $706M | $737M | $12M | |
| Receivables | $1.33B | $1.36B | $1.74B | $1.48B | $1.38B | $1.04B | |
| Inventory | $1.41B | $1.32B | $1.31B | $1.00B | $915M | $913M | |
| Other Current Assets | $1.03B | $994M | $756M | $747M | $726M | $930M | |
| Current Assets | $4.35B | $4.35B | $4.51B | $3.93B | $3.76B | $3.57B | |
| PP&E (Net) | $1.30B | $1.17B | $1.18B | $1.02B | $973M | $984M | |
| Accum. Depreciation | $1.24B | $1.06B | $1.02B | $902M | $882M | $820M | |
| Goodwill | $4.15B | $4.68B | $4.60B | $4.60B | $4.60B | $4.60B | |
| Intangibles | $1.13B | $1.41B | $533M | $649M | $651M | $503M | |
| Total Assets | $12.87B | $13.10B | $12.06B | $10.96B | $10.68B | $10.11B | |
| Accounts Payable | $952M | $1.15B | $1.31B | $1.13B | $1.38B | $259M | |
| Current Liabilities | $2.39B | $2.72B | $2.92B | $2.51B | $2.60B | $2.67B | |
| Capital Leases | $116M | $112M | $125M | $150M | $184M | $23M | |
| Deferred Tax | $57M | $74M | $47M | $19M | $4M | $128M | |
| Other Non-current Liabilities | $1.01B | $977M | $412M | $411M | $463M | $1.74B | |
| Total Liabilities | $12.12B | $12.63B | $12.13B | $11.85B | · | · | |
| Long-term Debt | $8.64B | $8.88B | $8.76B | $8.91B | $9.13B | $0 | |
| Total Debt | $8.63B | $20M | $8.76B | $8.91B | $9.13B | · | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $0 | |
| Paid-in Capital | · | · | · | · | $0 | $0 | |
| Retained Earnings | $1.11B | $1.01B | $443M | $-331M | $-998M | $0 | |
| AOCI | $-527M | $-649M | $-541M | $-564M | $-513M | $-622M | |
| Stockholders' Equity | $752M | $472M | $-70M | $-892M | $-1.51B | $5.49B | |
| Liabilities + Equity | $12.87B | $13.10B | $12.06B | $10.96B | $10.68B | $10.11B | |
| Shares Outstanding | 260,316,000 | 257,799,000 | 255,626,000 | 254,370,000 | 253,550,000 | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $77M | $105M | $101M | $75M | $59M | $40M | |
| Deferred Tax | $63M | $-160M | $-485M | $-18M | $-288M | $-32M | |
| Amort. of Intangibles | $205M | $145M | $116M | $116M | $103M | $86M | |
| Restructuring | $95M | $31M | $62M | $28M | $3M | $60M | |
| Operating Cash Flow | $700M | $939M | $799M | $858M | $2.16B | $2.28B | |
| CapEx | $162M | $175M | $251M | $196M | $192M | $255M | |
| Investing Cash Flow | $-390M | $-513M | $-260M | $-420M | · | · | |
| Debt Issued | $1.05B | $1.19B | $80M | $0 | $9.47B | $0 | |
| Net Debt Issued | $-458M | $-11M | $-258M | $-108M | $9.36B | · | |
| Dividends Paid | $88M | $297M | $294M | $290M | $145M | $0 | |
| Financing Cash Flow | $-561M | $-368M | $-569M | $-433M | · | · | |
| Net Change in Cash | $-101M | $-18M | $-13M | $-31M | $667M | $-249M | |
| Taxes Paid | $287M | · | · | · | · | · | |
| Free Cash Flow | $538M | $764M | $548M | $662M | $1.97B | · | |
| Levered FCF | $316M | $207M | $-253M | $317M | $1.74B | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3% | 58.0% | · | · | · | · | |
| Net Margin | 3.0% | 13.5% | 16.3% | 14.8% | 21.4% | · | |
| Pretax Margin | 6.8% | 12.6% | 10.8% | 18.2% | 24.2% | · | |
| ROA | 1.4% | · | 8.9% | 8.5% | 13.0% | · | |
| ROE | 25.2% | · | -310.5% | -93.7% | -86.4% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | · | 1.5 | 1.6 | 1.4 | · | |
| Quick Ratio | 0.8 | · | 0.8 | 0.9 | 0.8 | · | |
| Debt / Equity | 11.5 | · | -125.1 | -10.0 | -6.1 | · | |
| LT Debt / Equity | 11.5 | · | -125.0 | -10.0 | -6.1 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | 0.6 | 0.6 | · | |
| Inventory Turnover | 2.1 | · | 2.2 | 2.4 | 2.6 | · | |
| Receivables Turnover | 4.6 | · | 3.9 | 4.3 | 5.2 | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -2.9% | 2.2% | 1.4% | -2.1% | -3.5% | · | |
| Revenue CAGR 3Y | 0.23% | 0.52% | -1.4% | · | · | · | |
| Revenue CAGR 5Y | -0.99% | · | · | · | · | · | |
| EPS YoY | -78.4% | -16.5% | 11.1% | -32.4% | -37.7% | · | |
| EPS CAGR 3Y | -41.5% | -14.4% | -22.3% | · | · | · | |
| EPS CAGR 5Y | -39.0% | · | · | · | · | · | |
| Net Income YoY | -78.4% | -15.5% | 11.6% | -32.1% | -37.5% | · | |
| Net Income CAGR 3Y | -41.1% | -13.8% | -22.1% | · | · | · | |
| Net Income CAGR 5Y | -38.7% | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.22B | $6.40B | $6.26B | $6.17B | $6.30B | · | |
| Net Income TTM | $187M | $864M | $1.02B | $917M | $1.35B | · | |
| Market Cap | $1.87B | · | $3.69B | $7.10B | $7.72B | · | |
| Enterprise Value | $9.92B | · | $11.75B | $15.31B | $16.12B | · | |
| P/E | 10.0 | 4.5 | 3.6 | 7.8 | 5.7 | · | |
| P/S | 0.3 | · | 0.6 | 1.2 | 1.2 | · | |
| P/B | 2.5 | · | -52.7 | -8.0 | -5.1 | · | |
| P / Cash Flow | 2.7 | · | 4.6 | 8.3 | 3.6 | · | |
| P / FCF | 3.5 | · | 6.7 | 10.7 | 3.9 | · | |
| EV / FCF | 18.4 | · | 21.4 | 23.1 | 8.2 | · | |
| EV / Revenue | 1.6 | · | 1.9 | 2.5 | 2.6 | · | |
| Dividend Yield | 4.7% | · | 8.0% | 4.1% | 1.9% | · | |
| Earnings Yield | 10.0% | 22.3% | 27.7% | 12.8% | 17.4% | · | |
| Payout Ratio | 47.1% | 34.4% | 28.7% | 31.6% | 10.7% | · | |
| Annual Payout | $88M | $297M | $294M | $290M | $145M | · |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.46B | $1.51B | $1.60B | $1.59B | $1.51B | $1.59B | $1.58B | $1.61B | $1.62B | $1.60B | $1.52B | $1.61B | $1.54B | $1.49B | $1.54B | |
| Cost of Revenue | $711M | $677M | $766M | $745M | $720M | $672M | $696M | $659M | $668M | $665M | $683M | $612M | $640M | $580M | $594M | $551M | |
| Gross Profit | $847M | $783M | $741M | $857M | $874M | $841M | $896M | $923M | $939M | $957M | $915M | $907M | $968M | · | · | · | |
| SG&A Expense | $434M | $424M | $433M | $415M | $453M | $420M | $470M | $422M | $437M | $431M | $469M | $538M | $451M | $435M | $470M | $440M | |
| Interest Expense | $108M | $111M | $121M | $128M | $131M | $124M | $132M | $126M | $131M | $131M | $129M | $134M | $132M | $132M | $119M | $108M | |
| Pretax Income | $183M | $213M | $-148M | $243M | $229M | $101M | $129M | $207M | $235M | $236M | $104M | $80M | $254M | $235M | $111M | $282M | |
| Income Tax | $75M | $67M | $57M | $83M | $84M | $14M | $20M | $-152M | $40M | $35M | $-442M | $22M | $12M | $58M | $3M | $55M | |
| Net Income | $108M | $146M | $-205M | $160M | $145M | $87M | $109M | $359M | $195M | $201M | $546M | $58M | $242M | $177M | $108M | $227M | |
| EPS (Basic) | $0.41 | $0.56 | $-0.79 | $0.61 | $0.56 | $0.34 | $0.43 | $1.39 | $0.76 | $0.78 | $2.13 | $0.23 | $0.95 | $0.70 | $0.43 | $0.89 | |
| EPS (Diluted) | $0.40 | $0.55 | $-0.78 | $0.61 | $0.56 | $0.33 | $0.42 | $1.38 | $0.75 | $0.78 | $2.12 | $0.23 | $0.95 | $0.69 | $0.42 | $0.89 | |
| Shares (Basic) | 262,611,000 | 260,370,000 | -518,281,000 | 259,975,000 | 259,939,000 | 257,862,000 | -513,435,000 | 257,498,000 | 257,288,000 | 255,695,000 | -510,082,000 | 255,588,000 | 255,341,000 | 254,392,000 | -507,867,000 | 254,348,000 | |
| Shares (Diluted) | 270,449,000 | 262,896,000 | -521,046,000 | 260,653,000 | 260,156,000 | 261,001,000 | -517,565,000 | 259,757,000 | 258,598,000 | 258,362,000 | -512,202,000 | 256,349,000 | 255,953,000 | 256,170,000 | -510,106,000 | 255,067,000 |
Balance Sheet 24
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.13B | $1.12B | $574M | $672M | $599M | $547M | $675M | $763M | $704M | $575M | · | $414M | $326M | $459M | · | $499M | |
| Receivables | $1.49B | $1.38B | $1.33B | $1.48B | $1.48B | $1.46B | $1.36B | $1.69B | $1.62B | $1.55B | · | $1.65B | $1.67B | $1.45B | · | $1.44B | |
| Inventory | $1.35B | $1.37B | $1.41B | $1.49B | $1.45B | $1.36B | $1.32B | $1.38B | $1.29B | $1.26B | · | $1.19B | $1.20B | $1.12B | · | $879M | |
| Other Current Assets | $1.14B | $1.06B | $1.03B | $1.06B | $1.08B | $1.00B | $994M | $925M | $901M | $811M | · | $802M | $761M | $755M | · | $774M | |
| Current Assets | $5.11B | $4.93B | $4.35B | $4.70B | $4.62B | $4.37B | $4.35B | $4.76B | $4.51B | $4.20B | · | $4.05B | $3.96B | $3.78B | · | $3.59B | |
| PP&E (Net) | $1.28B | $1.28B | $1.30B | $1.29B | $1.27B | $1.20B | $1.17B | $1.20B | $1.16B | $1.18B | · | $1.10B | $1.11B | $1.05B | · | $906M | |
| Accum. Depreciation | · | · | $1.24B | · | · | · | $1.06B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $4.15B | $4.15B | $4.15B | $4.68B | $4.68B | $4.68B | $4.68B | $4.60B | $4.60B | $4.60B | $4.60B | $4.60B | $4.60B | $4.60B | · | $4.60B | |
| Intangibles | $1.11B | $1.10B | $1.13B | $1.34B | $1.36B | $1.42B | $1.41B | $763M | $684M | $718M | · | $561M | $592M | $621M | · | $670M | |
| Total Assets | $13.18B | $13.00B | $12.87B | $13.55B | $13.50B | $13.16B | $13.10B | $12.75B | $12.15B | $11.89B | · | $11.01B | $10.98B | $10.76B | · | $10.44B | |
| Accounts Payable | $1.05B | $983M | $952M | $1.07B | $1.07B | $1.01B | $1.15B | $1.09B | $1.24B | $955M | · | $1.07B | $1.11B | $996M | · | $1.03B | |
| Current Liabilities | $2.62B | $2.50B | $2.39B | $2.68B | $2.80B | $2.62B | $2.72B | $2.79B | $2.75B | $2.54B | · | $2.49B | $2.39B | $2.35B | · | $2.33B | |
| Capital Leases | · | · | $116M | · | · | · | $112M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $51M | $56M | $57M | $62M | $69M | $69M | $74M | $56M | $60M | $44M | · | $43M | $32M | $30M | · | $43M | |
| Other Non-current Liabilities | $1.03B | $984M | $1.01B | $1.12B | $1.12B | $994M | $977M | $674M | $548M | $549M | · | $421M | $393M | $421M | · | $441M | |
| Total Liabilities | $12.17B | $12.09B | $12.12B | $12.65B | $12.77B | $12.61B | $12.63B | $12.26B | $12.01B | $11.84B | · | $11.60B | $11.53B | · | · | · | |
| Long-term Debt | $8.55B | $8.57B | $8.64B | $8.83B | $8.90B | $8.96B | $8.88B | $8.75B | $8.66B | $8.71B | · | $8.65B | $8.73B | $8.71B | · | $8.70B | |
| Total Debt | $8.48B | $8.55B | · | $8.78B | · | · | · | $8.75B | $8.66B | $8.71B | · | $8.65B | $8.73B | $8.71B | · | $8.70B | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | |
| Retained Earnings | $1.35B | $1.25B | $1.11B | $1.32B | $1.16B | $1.03B | $1.01B | $975M | $690M | $573M | · | $-16M | $-25M | $-206M | · | $-383M | |
| AOCI | $-548M | $-539M | $-527M | $-574M | $-572M | $-617M | $-649M | $-571M | $-612M | $-577M | · | $-576M | $-533M | $-534M | · | $-686M | |
| Stockholders' Equity | $1.01B | $903M | $752M | $906M | $733M | $542M | $472M | $493M | $144M | $48M | $-70M | $-589M | $-555M | $-737M | $-892M | $-1.07B | |
| Liabilities + Equity | $13.18B | $13.00B | $12.87B | $13.55B | $13.50B | $13.16B | $13.10B | $12.75B | $12.15B | $11.89B | · | $11.01B | $10.98B | $10.76B | · | $10.44B | |
| Shares Outstanding | 262,609,000 | 262,649,000 | 260,316,000 | 259,983,000 | 259,965,000 | 257,950,000 | 257,799,000 | 257,539,000 | 257,473,000 | 255,847,000 | · | 255,606,000 | 255,568,000 | 254,432,000 | · | 254,364,000 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $25M | $19M | $7M | $24M | $22M | $24M | $26M | $25M | $28M | $26M | $27M | $27M | $25M | $22M | $23M | $18M | |
| Deferred Tax | $16M | $3M | $30M | $40M | $10M | $-17M | $10M | $-196M | $21M | $5M | $-489M | $8M | $-7M | $3M | $0 | $-9M | |
| Restructuring | $0 | $31M | $7M | $0 | $2M | $86M | $8M | $0 | $0 | $23M | $58M | $0 | $0 | $4M | $17M | $11M | |
| Operating Cash Flow | $107M | $225M | $141M | $264M | $220M | $75M | $390M | $141M | $332M | $76M | $397M | $261M | $27M | $114M | $267M | $317M | |
| CapEx | $42M | $37M | $45M | $46M | $39M | $32M | $55M | $42M | $32M | $46M | $79M | $55M | $71M | $46M | $63M | $55M | |
| Investing Cash Flow | $-76M | $386M | $-65M | $-115M | $-38M | $-172M | $-296M | $-75M | $-46M | $-96M | $-81M | $-55M | $-70M | $-54M | $-61M | $-213M | |
| Debt Issued | $0 | $0 | $325M | $300M | $340M | $90M | $150M | $0 | $1.04B | $0 | $0 | $0 | · | · | · | $0 | |
| Net Debt Issued | · | $-32M | · | · | · | · | · | · | · | $-2M | · | · | · | $-252M | · | · | |
| Dividends Paid | $6M | $5M | $4M | $3M | $10M | $71M | $74M | $74M | $79M | $70M | $73M | $74M | $74M | $73M | $73M | $74M | |
| Financing Cash Flow | $-12M | $-38M | $-187M | $-76M | $-223M | $-75M | $-82M | $-78M | $-134M | $-74M | $-77M | $-78M | $-88M | $-326M | $-82M | $-77M | |
| Net Change in Cash | $16M | $542M | $-98M | $73M | $52M | $-128M | $-88M | $59M | $129M | $-118M | $279M | $88M | $-133M | $-247M | $207M | $-46M | |
| Free Cash Flow | · | $188M | · | · | · | · | · | · | · | $30M | · | · | · | $68M | · | · | |
| Levered FCF | · | $112M | · | · | · | · | · | · | · | $-82M | · | · | · | $-31M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.4% | 53.6% | · | 53.5% | · | · | · | 58.3% | 58.4% | · | · | · | · | · | · | · | |
| Net Margin | 6.9% | 10.0% | · | 10.0% | · | · | · | 22.7% | 12.1% | 12.4% | · | 3.8% | 15.0% | 11.5% | · | 14.8% | |
| Pretax Margin | 11.8% | 14.6% | · | 15.2% | · | · | · | 13.1% | 14.6% | 14.5% | · | 5.3% | 15.8% | 15.3% | · | 18.4% | |
| ROA | 0.81% | 1.1% | · | 1.2% | · | · | · | 3.0% | 1.7% | 1.8% | · | 0.54% | 2.2% | 1.7% | · | 2.1% | |
| ROE | 12.4% | 20.2% | · | 22.9% | · | · | · | -747.9% | -94.9% | -58.4% | · | -7.0% | -28.6% | -17.8% | · | -16.9% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 2.0 | · | 1.8 | · | · | · | 1.7 | 1.6 | 1.6 | · | 1.6 | 1.7 | 1.6 | · | 1.5 | |
| Quick Ratio | 1.0 | 1.0 | · | 0.8 | · | · | · | 0.9 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | |
| Debt / Equity | 8.4 | 9.5 | · | 9.7 | · | · | · | 17.7 | 60.1 | 181.5 | · | -14.7 | -15.7 | -11.8 | · | -8.2 | |
| LT Debt / Equity | 8.4 | 9.5 | · | 9.7 | · | · | · | 17.7 | 60.0 | 181.4 | · | -14.7 | -15.7 | -11.8 | · | -8.2 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | · | · | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 0.5 | 0.5 | · | 0.5 | · | · | · | 0.5 | 0.5 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Receivables Turnover | 1.0 | 1.0 | · | 1.0 | · | · | · | 0.9 | 1.0 | 1.1 | · | 1.0 | 1.0 | 1.1 | · | 1.0 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.21B | $6.17B | · | $6.29B | $6.30B | $6.32B | · | $6.33B | $6.36B | $6.29B | · | $6.20B | $6.27B | $6.23B | · | $6.29B | |
| Net Income TTM | $559M | $538M | · | $751M | $786M | $842M | · | $813M | $696M | $678M | · | $704M | $880M | $986M | · | $1.13B | |
| Market Cap | $3.56B | $1.57B | · | $2.78B | · | · | · | $4.93B | $5.33B | $4.81B | · | $4.44B | $5.32B | $5.98B | · | $5.95B | |
| Enterprise Value | $10.90B | $9.01B | · | $10.89B | · | · | · | $12.91B | $13.28B | $12.95B | · | $12.68B | $13.72B | $14.24B | · | $14.15B | |
| P/E | 6.4 | 2.9 | · | 3.7 | 3.2 | 4.6 | · | 6.1 | 7.6 | 7.1 | · | 6.3 | 6.0 | 6.1 | · | 5.3 | |
| P/S | 0.6 | 0.3 | · | 0.4 | · | · | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.8 | 1.0 | · | 0.9 | |
| P/B | 3.5 | 1.7 | · | 3.1 | · | · | · | 10.0 | 37.0 | 100.2 | · | -7.5 | -9.6 | -8.1 | · | -5.6 | |
| P / Cash Flow | · | 7.0 | · | · | · | · | · | · | · | 63.3 | · | · | · | 52.5 | · | · | |
| P / FCF | · | 8.4 | · | · | · | · | · | · | · | 160.3 | · | · | · | 88.0 | · | · | |
| EV / FCF | · | 47.9 | · | · | · | · | · | · | · | 431.6 | · | · | · | 209.4 | · | · | |
| EV / Revenue | 1.8 | 1.5 | · | 1.7 | · | · | · | 2.0 | 2.1 | 2.1 | · | 2.0 | 2.2 | 2.3 | · | 2.3 | |
| Earnings Yield | 15.7% | 34.2% | · | 27.0% | 31.2% | 21.8% | · | 16.4% | 13.1% | 14.1% | · | 15.9% | 16.6% | 16.4% | · | 19.0% | |
| Payout Ratio | · | 3.4% | · | · | · | · | · | · | · | 34.8% | · | · | · | 41.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $6.22B | $6.40B | $6.26B | $6.17B | $6.30B |
| Gross Margin % | 53.3% | 58.0% | — | — | — |
| Net Income | $187M | $864M | $1.02B | $917M | $1.35B |
| Diluted EPS | $0.72 | $3.33 | $3.99 | $3.59 | $5.31 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 11.5 | — | -125.1 | -10.0 | -6.1 |
| Current Ratio | 1.8 | — | 1.5 | 1.6 | 1.4 |
| Quick Ratio | 0.8 | — | 0.8 | 0.9 | 0.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $538M | $764M | $548M | $662M | $1.97B |
Latest News Recent headlines mentioning this company
- Organon & Co. (OGN) Soars to 52-Week High on $11.75-Billion Sun Merger
- Sun Pharma Joins the Big Table With Organon Acquisition
- Sun Pharma to acquire Organon in $11.75 billion deal
- Sun Pharmaceutical To Buy Organon For $11.75 Bln
- Indian drugmaker Sun Pharma to buy U.S. firm Organon in $11.75 billion deal
- Organon (OGN) Takeover Bid Climbs to $13B, Shares Soar 30.9%
- Why Organon (OGN) Drew Buyout Buzz After a Sharp Repricing
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Institutional owners (13F) 712 filers · $2.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 129 (+40 vs prior Q) | 84 (-5 vs prior Q) | 111 (-20 vs prior Q) | 182 (-14 vs prior Q) | +54.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $249,324,446 | 34,773,284 | 10.61% | Shares |
| Pentwater Capital Management LP | $245,074,000 | 18,100,000 | 10.43% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $204,888,878 | 15,132,118 | 8.72% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $161,259,572 | 11,909,865 | 6.86% | Shares |
| STATE STREET CORP | $130,787,883 | 9,659,371 | 5.57% | Shares |
| GOLDMAN SACHS GROUP INC | $61,746,029 | 4,560,268 | 2.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $55,514,404 | 4,098,808 | 2.36% | Shares |
| AQR Arbitrage LLC | $52,384,779 | 3,880,354 | 2.23% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $50,668,860 | 3,742,161 | 2.16% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $46,811,327 | 3,457,262 | 1.99% | Shares |
| MILLENNIUM MANAGEMENT LLC | $46,610,502 | 3,442,430 | 1.98% | Shares |
| FIRST TRUST ADVISORS LP | $41,966,777 | 3,099,481 | 1.79% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $37,487,311 | 2,768,635 | 1.60% | Shares |
| Man Group plc | $37,147,762 | 2,743,557 | 1.58% | Shares |
| KAHN BROTHERS GROUP INC | $36,158,881 | 2,670,523 | 1.54% | Shares |
| Balyasny Asset Management L.P. | $29,742,533 | 2,196,642 | 1.27% | Shares |
| Kryger Capital LLC | $29,147,463 | 2,152,693 | 1.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $28,480,479 | 4,754,671 | 1.21% | Shares |
| Allianz Asset Management GmbH | $28,345,435 | 2,093,459 | 1.21% | Shares |
| Bank of New York Mellon Corp | $23,825,228 | 1,759,618 | 1.01% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $22,483,062 | 1,660,492 | 0.96% | Shares |
| Parallax Volatility Advisers, L.P. | $21,691,080 | 1,602,000 | 0.92% | Put option |
| Capula Management Ltd | $20,494,564 | 1,513,631 | 0.87% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $19,642,478 | 1,450,700 | 0.84% | Call option |
| TIG Advisors, LLC | $18,959,832 | 1,400,283 | 0.81% | Shares |
| WATER ISLAND CAPITAL LLC | $18,616,133 | 1,374,899 | 0.79% | Shares |
| ALPINE ASSOCIATES MANAGEMENT INC. | $18,214,455 | 1,345,233 | 0.78% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $17,109,198 | 1,263,604 | 0.73% | Shares |
| Westchester Capital Management, LLC | $16,872,370 | 1,246,113 | 0.72% | Shares |
| Gotham Asset Management, LLC | $13,977,518 | 1,032,313 | 0.60% | Shares |
| Cerity Partners LLC | $12,936,564 | 955,433 | 0.55% | Shares |
| GABELLI FUNDS LLC | $12,929,481 | 954,910 | 0.55% | Shares |
| Polar Asset Management Partners Inc. | $12,860,373 | 949,806 | 0.55% | Shares |
| TWO SIGMA ADVISERS, LP | $12,452,856 | 1,736,800 | 0.53% | Shares |
| GFS Advisors, LLC | $12,304,334 | 1,267 | 0.52% | Shares |
| Public Sector Pension Investment Board | $12,215,720 | 902,195 | 0.52% | Shares |
| Magnetar Financial LLC | $11,548,835 | 852,942 | 0.49% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $11,337,110 | 837,305 | 0.48% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,173,208 | 825,200 | 0.48% | Put option |
| Advisors Asset Management, Inc. | $10,539,921 | 706,429 | 0.45% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $10,063,876 | 743,270 | 0.43% | Shares |
| TOKIO MARINE ASSET MANAGEMENT CO LTD | $9,533,514 | 704,100 | 0.41% | Shares |
| P SCHOENFELD ASSET MANAGEMENT LP | $9,036,596 | 667,400 | 0.38% | Shares |
| AMERIPRISE FINANCIAL INC | $8,656,339 | 639,316 | 0.37% | Shares |
| Sagefield Capital LP | $8,189,168 | 604,813 | 0.35% | Shares |
| Balyasny Asset Management L.P. | $8,124,000 | 600,000 | 0.35% | Call option |
| CREDIT INDUSTRIEL ET COMMERCIAL | $7,920,142 | 584,944 | 0.34% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $7,785,502 | 575,000 | 0.33% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,681,377 | 567,310 | 0.33% | Shares |
| Centiva Capital, LP | $7,511,992 | 554,800 | 0.32% | Shares |
| GABELLI & Co INVESTMENT ADVISERS, INC. | $7,429,398 | 548,700 | 0.32% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $7,289,774 | 538,388 | 0.31% | Shares |
| Swiss National Bank | $7,128,472 | 526,475 | 0.30% | Shares |
| Lombard Odier Asset Management (USA) Corp | $7,108,500 | 525,000 | 0.30% | Call option |
| WINTON GROUP Ltd | $6,903,531 | 509,862 | 0.29% | Shares |
| FIRST MANHATTAN CO. LLC. | $6,832,920 | 504,647 | 0.29% | Shares |
| New York Life Investment Management LLC | $6,812,204 | 503,117 | 0.29% | Shares |
| Balyasny Asset Management L.P. | $6,770,000 | 500,000 | 0.29% | Put option |
| Schonfeld Strategic Advisors LLC | $6,770,000 | 500,000 | 0.29% | Put option |
| Verition Fund Management LLC | $6,742,866 | 497,996 | 0.29% | Shares |
| RHUMBLINE ADVISERS | $6,723,428 | 496,563 | 0.29% | Shares |
| Verition Fund Management LLC | $6,469,412 | 477,800 | 0.28% | Call option |
| Alberta Investment Management Corp | $6,093,000 | 450,000 | 0.26% | Shares |
| Carmignac Gestion | $6,074,125 | 448,606 | 0.26% | Shares |
| Legal & General Group Plc | $5,757,412 | 425,215 | 0.25% | Shares |
| Quantinno Capital Management LP | $5,711,049 | 421,790 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,680,558 | 419,539 | 0.24% | Shares |
| First Trust Capital Management L.P. | $5,293,314 | 390,939 | 0.23% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $5,290,687 | 390,745 | 0.23% | Shares |
| Squarepoint Ops LLC | $5,283,741 | 390,232 | 0.22% | Shares |
| NORGES BANK | $5,067,359 | 374,251 | 0.22% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $4,764,225 | 351,863 | 0.20% | Shares |
| BlackRock, Inc. | $4,666,344 | 344,634 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $4,662,621 | 344,359 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $4,598,184 | 339,600 | 0.20% | Put option |
| Maven Securities LTD | $4,525,068 | 334,200 | 0.19% | Shares |
| Foundry Partners, LLC | $4,501,530 | 302,319 | 0.19% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $4,276,717 | 315,858 | 0.18% | Shares |
| FMR LLC | $4,072,981 | 300,811 | 0.17% | Shares |
| D. E. Shaw & Co., Inc. | $3,939,653 | 290,964 | 0.17% | Shares |
| CM Management, LLC | $3,723,500 | 275,000 | 0.16% | Shares |
| SECTOR GAMMA AS | $3,666,375 | 270,781 | 0.16% | Shares |
| LMR Partners LLP | $3,655,800 | 270,000 | 0.16% | Shares |
| Parallax Volatility Advisers, L.P. | $3,452,700 | 255,000 | 0.15% | Call option |
| Centiva Capital, LP | $3,385,000 | 250,000 | 0.14% | Put option |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,360,723 | 248,207 | 0.14% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $3,310,530 | 244,500 | 0.14% | Call option |
| TWO SIGMA INVESTMENTS, LP | $3,268,448 | 241,392 | 0.14% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,239,607 | 239,262 | 0.14% | Shares |
| PDT Partners, LLC | $3,117,924 | 230,275 | 0.13% | Shares |
| 180 WEALTH ADVISORS, LLC | $3,065,226 | 226,383 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,963,744 | 218,888 | 0.13% | Shares |
| Kintayl Capital LP | $2,909,069 | 214,850 | 0.12% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $2,815,169 | 207,915 | 0.12% | Shares |
| M&G PLC | $2,575,622 | 183,973 | 0.11% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $2,535,663 | 187,272 | 0.11% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $2,484,224 | 183,473 | 0.11% | Shares |
| Douglas Lane & Associates, LLC | $2,446,180 | 180,663 | 0.10% | Shares |
| Howard Capital Management, LLC | $2,422,672 | 178,927 | 0.10% | Shares |
| JANE STREET GROUP, LLC | $2,411,474 | 178,100 | 0.10% | Call option |
Company insiders 27 insiders · 12 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kevin Ali | Chief Executive Officer | May 4, 2023 M | 50,619 | 0 | 0 | $0 |
| Matthew M Walsh | Chief Financial Officer | Aug. 5, 2023 M | 52,411 | 0 | 0 | $0 |
| Kathryn Dimarco | Corporate Controller | Feb. 9, 2024 M | 8,648 | 0 | 0 | $0 |
| Rachel A Stahler | Chief Information Officer | Aug. 5, 2023 M | 31,781 | 0 | 0 | $0 |
| Kirke Weaver | Gen. Counsel & Corp. Secy. | May 4, 2023 M | 12,461 | 0 | 0 | $0 |
| Susanne Fiedler | Chief Commercial Officer | May 4, 2023 M | 25,191 | 0 | 0 | $0 |
| Vittorio Nisita | Head of Global Business Svcs | May 4, 2023 M | 10,886 | 0 | 0 | $0 |
| Sandra Milligan | Head of Research & Development | May 4, 2023 M | 28,599 | 0 | 0 | $0 |
| Joseph T. Morrissey Jr. | Head of Manufacturing | May 4, 2023 M | 21,016 | 0 | 0 | $0 |
| Aaron Falcione | Chief Human Resources Officer | May 4, 2023 M | 14,762 | 0 | 0 | $0 |
| Geralyn S Ritter | Head of Ext. Affairs and ESG | May 4, 2023 M | 10,755 | 0 | 0 | $0 |
| Deborah H Telman | EVP GC & Corporate Secretary | May 4, 2022 M | 7,688 | 0 | 0 | $0 |
| Deborah R Leone | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Philip Ozuah | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Ramona Sequeira | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Alan Ezekowitz | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Cynthia M Patton | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Helene D Gayle | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Shalini Sharp | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Robert Essner | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| LAZARUS ROCHELLE B | Director | June 12, 2026 A | — | 0 | 0 | $0 |
| Martha E Mcgarry | Director | June 9, 2023 A | — | 0 | 0 | $0 |
| Ma. Fatima Francisco | Director | June 9, 2023 A | 3,000 | 0 | 0 | $0 |
| Grace Puma Whiteford | Director | June 9, 2023 A | — | 0 | 0 | $0 |
| COX CARRIE SMITH | Director | June 9, 2023 A | — | 0 | 0 | $0 |
| Ferreira Juan Camilo Arjona | — | Aug. 11, 2026 M | 37,432 | 0 | 0 | $0 |
| Juliana Papa Drinane | — | Aug. 5, 2026 S | 18,475 | 0 | 1 | $-200,307 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 80 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXH · First Trust Exchange-Traded AlphaDE… | 3.83% | 2,527,212 NS | April 30, 2026 | N-PORT |
| PILL · Direxion Shares ETF Trust | 2.77% | 26,958 NS | April 30, 2026 | N-PORT |
| MRGR · ProShares Trust | 2.37% | 28,200 NS | May 31, 2026 | N-PORT |
| ARB · AltShares Trust | 2.29% | 177,141 NS | May 31, 2026 | N-PORT |
| EVNT · AltShares Trust | 2.18% | 20,000 NS | May 31, 2026 | N-PORT |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 1.96% | 14,560,000 | Aug. 8, 2026 | Daily |
| HAPS · Harbor ETF Trust | 1.94% | 230,183 NS | April 30, 2026 | N-PORT |
| PSCH · Invesco Exchange-Traded Fund Trust … | 1.81% | 227,905 SH | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 1.13% | 46,579 NS | April 30, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 1.05% | 236,734 SH | Aug. 8, 2026 | Daily |
| SCOW · Pacer Funds Trust | 0.84% | 980 NS | April 30, 2026 | N-PORT |
| IHE · iShares Trust | 0.79% | 938,448 SH | Aug. 8, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.77% | 106,712 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.39% | 596,075 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.38% | 2,339,389 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.38% | 557,221 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.38% | 346,769 NS | April 30, 2026 | N-PORT |
| XJR · iShares Trust | 0.22% | 31,031 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.22% | 41,375 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.22% | 455,160 NS | May 31, 2026 | N-PORT |
| IJR · iShares Trust | 0.19% | 16,016,203 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.19% | 918,178 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 95,518 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.17% | 301,242 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.16% | 16,600 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.15% | 3,111 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.11% | 57,567 SH | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 33,146 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.09% | 55,689 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.08% | 3,815,685 SH | Aug. 8, 2026 | Daily |
| VGHY · VANGUARD FIXED INCOME SECURITIES FU… | 0.08% | 250,000 PA | Aug. 8, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 42,884 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.07% | 1,249,402 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.06% | 667,484 NS | April 30, 2026 | N-PORT |
| IYH · iShares Trust | 0.06% | 155,876 SH | Aug. 8, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.05% | 118,299 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.05% | 11,623 SH | Aug. 8, 2026 | Daily |
| FNDX · SCHWAB STRATEGIC TRUST | 0.05% | 1,032,932 NS | May 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 17,841 NS | April 30, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.05% | 11,189 NS | April 30, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.05% | 781,843 SH | Aug. 8, 2026 | Daily |
| FNDB · SCHWAB STRATEGIC TRUST | 0.05% | 48,654 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.05% | 132,225 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 100,848 SH | Aug. 8, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 310,954 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 3,015,036 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 6,025,121 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.03% | 396,461 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.03% | 50,820 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 15,813 SH | Aug. 8, 2026 | Daily |