ALC

Alcon
D

ALC

Arincen77/100B

If you had invested in Alcon ago, it would be worth $1,305 today, against $2,646 in SPY and $3,428 in QQQ.

ArincenArincen ScoreBeta

77/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Alcon key facts

Style
Blend stock · 5.3/10Growth 5.3 · Value 3.3 · Dividend 1.0
Day range
74.040 – 75.230
52-week range
61.835 – 87.640
Market capitalization
36.22B USD
P/E
57.64
PEG ratio
2.38
EPS
1.30
Div Yield
0.48%
EPS growth forecast (FY2026)
+14.5%
Volume
111,282
Beta
0.73
Sector
Healthcare
Industry
Medical - Specialties
CEO
David J. Endicott
Employees
25K
Website
alcon.com
IPO date
9 Apr 2019

Alcon earnings

Next earnings · Q3 FY2026
EPS estimate
0.89 USD
Revenue estimate
2.68B USD
Last quarter · Q2 FY2026
EPS0.84Beat +9.1%Revenue2.79BBeat +2.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20260.94——+20.58%2.84B——+7.90%
Q3 FY20260.89——+12.66%2.68B——+2.68%
Q2 FY20260.770.84+9.09%+10.53%2.72B2.79B+2.54%+7.48%
Q1 FY20260.800.85+6.25%+16.44%2.64B2.65B+0.42%+7.30%
Q4 FY20250.790.78-1.27%+8.33%2.69B2.64B-1.87%+5.35%
Q3 FY20250.770.79+2.60%-2.47%2.71B2.61B-3.58%+6.52%
Q2 FY20250.710.76+7.04%+2.70%2.65B2.60B-2.06%+3.38%
Q1 FY20250.760.73-3.95%-6.41%2.63B2.47B-5.84%+0.57%

Alcon analyst forecast

12-month price target
77.22 USD
+3.06%

Analysts' 1-year price targets range from 35.00 to 98.00, with an average of 77.22.

Past year
1-year forecast
Strong sellStrong buy
Buy
11 ratings
Strong buy
0
Buy
7
Hold
3
Sell
1
Strong sell
0

12-month price target

Highest target98.00
Average target77.22
Lowest target35.00
Current price74.93

Alcon valuation

Price to earnings ratio (TTM)
57.64
Forward P/E (FY2026)
21.39
Price to sales (TTM)
3.35
Price to book
1.68
EV / EBITDA (TTM)
14.47

Capital structure

Market capitalization
36.22B USD
+
Total debt
5.30B USD
−
Cash and short-term investments
1.46B USD
=
Enterprise value
40.06B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)16.78————
FY2027 (est.)18.9416.78———
FY2026 (est.)21.3918.94———
Now (TTM)57.6419.273.351.6814.47
FY202539.6027.733.751.7717.12
FY202441.2127.734.231.9516.98
FY202339.4526.124.071.8718.98
FY2022100.8124.423.861.7121.71
FY2021113.1438.455.152.2225.93

Alcon against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Centene, GE HealthCare Technologies, Biogen, Revolution Medicines, Medline, and Zoetis, the US Healthcare companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median57.6
    35.7131.3
  • Gross marginBelow its median55.2%
    54.5%56.1%
    Against its peers: 4 of 7Peers' median 55.2%
  • Operating marginAbove its median13.1%
    7.0%14.3%
    Against its peers: 4 of 7Peers' median 10.6%
  • Net marginAt its median9.4%
    3.8%10.3%
    Against its peers: 4 of 7Peers' median 7.1%
  • Return on equityAt its median4.4%
    1.7%4.7%
    Against its peers: 5 of 7Peers' median 8.9%
  • Free cash flow marginHighest in 5 years15.5%
    2.0%15.5%
    Against its peers: 3 of 7Peers' median 5.9%
  • Revenue growthBelow its median4.9%
    4.8%21.3%
    Against its peers: 3 of 7Peers' median 3.6%
  • EPS growthBelow its median-3.4%
    -10.5%188.2%
    Against its peers: 3 of 6Peers' median -5.9%
  • Debt to EBITDABelow its median2.10×
    1.92×2.91×
    Against its peers: 1 of 5Peers' median 2.50×
  • Current ratioBelow its median2.12
    1.902.77
    Against its peers: 5 of 7Peers' median 2.85

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Alcon growth and profitability

Revenue (TTM)
10.81B USD
Net income (TTM)
639.33M USD
Gross margin
56.45%
Operating margin
9.87%
Net margin
5.92%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202510.40B+4.94%980.00M-3.73%55.24%13.08%9.42%2.50B-6.76%
FY20249.91B+4.82%1.02B+4.52%55.61%14.26%10.27%2.68B+19.36%
FY20239.46B+8.47%974.00M+190.75%55.49%10.99%10.30%2.24B+28.88%
FY20228.72B+5.14%335.00M-10.90%54.47%7.71%3.84%1.74B-1.06%
FY20218.29B+21.34%376.00M—56.11%7.00%4.54%1.76B+62.73%

Alcon revenue breakdown

By region

FY2025
International Geographic Areas: 35.4%United States: 29.1%Other Countries: 27.6%Japan: 3.8%China: 3.6%Switzerland: 0.4%35.4%International Geographic Areas29.1%United States27.6%Other Countries3.8%Japan3.6%China
RegionRevenueShare of revenueChange on the year
International Geographic Areas5.66B35.4%+6.3%
United States4.66B29.1%+3.2%
Other Countries4.41B27.6%+6.8%
Japan609.00M3.8%+9.9%
China570.00M3.6%+1.8%
Switzerland71.00M0.4%-10.1%

How Alcon makes its money

Revenue10.40B 100.0%
Cost of revenue4.66B 44.8%
Gross profit5.75B 55.2%
Research and development990.00M 9.5%
Selling and administration3.45B 33.2%
Operating income1.36B 13.1%
Tax180.00M 1.7%
Other expense200.00M 1.9%
Net income980.00M 9.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Alcon dividends

Annual dividend
0.36 USD
Dividend yield (indicated)
0.48%
Payout ratio
27.64%
Years of dividend growth
5
Frequency
Annual
Last payment
0.36 USD
Last ex-dividend date
6 May 2026
Last payment date
7 May 2026

Dividends per share

Year20252024202320222021
Dividends per share0.330.260.240.210.11

Alcon financial health

Cash and short-term investments
1.46B USD
Total debt
5.30B USD
Net cash
-3.84B USD
Free cash flow (TTM)
1.68B USD
Current ratio
2.09
Debt to equity
0.25
Piotroski score
8 / 9
Altman Z-score
2.95

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.61B5.25B1.61B
FY20241.83B5.14B1.41B
FY20231.10B5.14B537.00M
FY2022980.00M5.07B472.00M
FY20211.58B4.48B165.00M

Alcon ownership

Institutions
49.42%
Institutional holders
671 (-19)
Free float
99.68%

Who owns the shares

Institutions 49.4% Others 50.6%
As of 30 Jun 2026

Shares free to trade

Free float 481.83M shares ·99.7% Closely held 1.57M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025494.95M496.20M-0.26%
FY2024494.40M497.50M+0.20%
FY2023493.00M496.50M+0.42%
FY2022491.40M494.40M+0.20%
FY2021490.00M493.40M+0.90%

Source: Financial Modeling Prep

Title: Alcon

Sector: Healthcare
Industry: Medical - Specialties
Alcon is one of the leading visioncare companies in the world. Following nine years as a Novartis subsidiary, it was spun off as a public company in April 2019. Alcon operates in two segments: visioncare and surgical. Visioncare comprises contact lenses, lenscare solutions, and a suite of ocular health products. With brands like Dailies, Total1, and Air Optix, Alcon controls about one fourth of the US contact lens market. Surgical comprises intraocular lenses, ophthalmic surgical equipment, and consumables used during surgeries. Its main products include Centurion, a phacoemulsification device used during cataract surgeries, and a portfolio of IOLs including PanOptix and Vivity. Alcon has one of the largest installed bases of eye surgical equipment in the world.

Common questions about Alcon stock

Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Never invest money you cannot afford to lose, and carefully assess the suitability of complex products such as CFDs and derivatives in light of your financial situation. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Arincen would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.

Arincen and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Arincen and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Arincen may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 - Arincen L.L.C-FZ - License No. 2420098.01. All Rights Reserved.