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) Operating margin

Alert me on Operating margin

Alcon's operating margin over the twelve months to 30 June 2026 was 8.73%, down 4.4 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from −7.05% (fiscal 2020) to 14.3% (fiscal 2024); the current reading is higher than 90% of that period. That is above the Medical Instruments & Supplies industry median of 1.97% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.1% (1.18)
FY2024 14.3% 3.27
FY2023 11.0% 3.28
FY2022 7.71% 0.71
FY2021 7.00% 14.05
FY2020 −7.05% (4.56)
FY2019 −2.49% 0.98
FY2018 −3.47% (1.20)
FY2017 −2.27% (2.58)
FY2016 0.31% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 0.39% (10.40)
Mar 2026 10.8% (0.73)
Dec 2025 11.5% (1.18)
Sep 2025 12.7% 3.19
28 more quarters

Against its own ten years

Low −7.05% High 14.3%
Ten-year median 3.66%
Current reading's percentile 59

Operating margin against peers

Company Operating margin
RMD ResMed Inc. compare 33.0%
MDLN Medline Inc. compare 29.7%
WST West Pharmaceutical Services, Inc. compare 23.0%
ALGN Align Technology, Inc. compare 14.9%
COO The Cooper Companies, Inc. compare 12.8%
BDX Becton, Dickinson and Company compare 11.1%
ALC Alcon 8.73%
SOLV Solventum Corporation compare 0.00%
BAX Baxter International Inc. compare −1.90%
Medical Instruments & Supplies industry median 1.97%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on ALC