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

75.07 1.48 −1.93%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Alcon (ALC) trades at a price to free cash flow of 23.3×. Over the past ten years it has ranged from 0.0× (June 2018) to 595× (April 2022); the current reading is higher than 20% of that period. That is in line with the Medical Instruments & Supplies industry median of 23.5× and above the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 24.1× (19.22%)
FY2024 29.8× (57.83%)
FY2023 70.7× (1.51%)
FY2022 71.8× (72.24%)
FY2021 259× 110.09%
FY2020 123× 8.80%
FY2019 113× 118.50%
FY2018 51.8× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 20.5× (10.93%)
Mar 2026 23.0× (4.55%)
Dec 2025 24.1× (9.18%)
Sep 2025 26.5× (14.12%)
28 more quarters

Against its own ten years

Low 0.0× High 595×
Ten-year median 69.9×
Current reading's percentile 20

Price to free cash flow against peers

Company Price to free cash flow
SOLV Solventum Corporation compare n/m
MDLN Medline Inc. compare 11.3×
BAX Baxter International Inc. compare 11.6×
ALGN Align Technology, Inc. compare 16.8×
COO The Cooper Companies, Inc. compare 18.1×
BDX Becton, Dickinson and Company compare 18.3×
RMD ResMed Inc. compare 21.5×
ALC Alcon 23.3×
WST West Pharmaceutical Services, Inc. compare 61.5×
Medical Instruments & Supplies industry median 23.5×
Healthcare sector median 21.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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