Alcon

ALC Healthcare Medical Instruments & Supplies

Alcon’s revenue for fiscal 2025 (year ended December 2025) was $10.4 billion, up 4.94% from fiscal 2024.

Revenue
+8.74%
EPS
−100.0%
Free cash flow
−0.54%
Total debt
−0.55%

Quarter to June 2026, against a year earlier

76.45 0.86 −1.11%
Market cap
$36.9B
P/E
58.4×
Fwd P/E
44.5×
Dividend yield
0.46%
F-score
6/9
Altman Z
n/a
Beneish M
−2.56
Dividend safety
66/100

Alcon (ALC) Free cash flow margin

Alert me on Free cash flow margin

Alcon's free cash flow margin over the twelve months to 30 June 2026 was 14.7%, down 0.8 percentage points from fiscal 2025 (15.5%). Over the past ten years it has ranged from 1.99% (fiscal 2021) to 18.9% (fiscal 2016); the current reading is higher than 80% of that period. That is above the Medical Instruments & Supplies industry median of 2.36% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 15.5% 1.31
FY2024 14.2% 8.52
FY2023 5.68% 0.27
FY2022 5.41% 3.42
FY2021 1.99% (1.84)
FY2020 3.83% 0.58
FY2019 3.25% (2.73)
FY2018 5.98% (11.96)
FY2017 17.9% (0.94)
FY2016 18.9% —

Against its own ten years

Low 1.99% High 18.9%
Ten-year median 5.83%
Current reading's percentile 80

Free cash flow margin against peers

Company Free cash flow margin
RMD ResMed Inc. compare 27.7%
ALGN Align Technology, Inc. compare 18.0%
COO The Cooper Companies, Inc. compare 16.0%
BDX Becton, Dickinson and Company compare 15.4%
ALC Alcon 14.7%
WST West Pharmaceutical Services, Inc. compare 13.4%
MDLN Medline Inc. compare 10.1%
BAX Baxter International Inc. compare 9.79%
SOLV Solventum Corporation compare 0.00%
Medical Instruments & Supplies industry median 2.36%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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