Alcon (ALC) vs Baxter International Inc. (BAX)
Alcon and Baxter International Inc. are both Medical Instruments & Supplies companies. Alcon is the larger, with a market value of $30.9B against $12.2B — 2.5× the size. Baxter International Inc. has negative trailing earnings, so its P/E is not meaningful; Alcon trades at 49.2×. Alcon grew revenue faster over the last twelve months: 8.34% against 5.36%. Alcon has the higher net margin (5.92% vs −9.27%) and the higher return on invested capital (2.38% vs −1.27%). Both pay a dividend; Baxter International Inc. yields more (2.60% vs 0.36%). Across the 21 metrics below, Alcon leads on 16 and Baxter International Inc. on 5.
Valuation
Profitability
| Metric | ALC | BAX | Medical Instruments & Supplies median |
|---|---|---|---|
| Gross margin | 56.85% | 30.08% | 54.62% |
| Operating margin | 8.73% | (2.39%) | 1.64% |
| Net margin | 5.92% | (9.27%) | 0.00% |
| Free cash flow margin | 14.68% | 7.11% | 1.61% |
| Return on equity | 2.94% | (15.78%) | 0.00% |
| Return on assets | 2.06% | (5.21%) | 0.00% |
| Return on invested capital | 2.38% | (1.27%) | 0.00% |
Growth
Health
Dividend
Size
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