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

Alert me on Free cash flow

Alcon's free cash flow for fiscal 2025 was $1.6B, up 14.6% from $1.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.6B. Over the past ten years it has ranged from $165.0M (fiscal 2021) to $1.6B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 4 consecutive fiscal years. Alcon ranks 4th of 51 Medical Instruments & Supplies companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $1.6B 14.64%
FY2024 $1.4B 162.01%
FY2023 $537.0M 13.77%
FY2022 $472.0M 186.06%
FY2021 $165.0M (37.02%)
FY2020 $262.0M 7.38%
FY2019 $244.0M (42.99%)
FY2018 $428.0M (65.02%)
FY2017 $1.2B 1.71%
FY2016 $1.2B —

Quarterly newest first

Period Free cash flow Change
Jun 2026 $370.0M 63.00%
Mar 2026 $227.0M (50.33%)
Dec 2025 $457.0M (15.37%)
Sep 2025 $540.0M 45.16%
29 more quarters

Against its own ten years

Low $165.0M High $1.6B
Ten-year median $504.5M
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

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

The full definition of Free cash flow →

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