Alcon (ALC) vs Baxter International Inc. (BAX)
- Alcon ALC 66.18 −0.60%
- Baxter International Inc. BAX 25.33 −1.67%
Alcon and Baxter International Inc. are both Medical Instruments & Supplies companies. Alcon is the larger, with a market value of $32.1B against $13.3B — 2.4× the size. Baxter International Inc. has negative trailing earnings, so its P/E is not meaningful; Alcon trades at 50.5×. 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; Alcon yields more (0.53% vs 0.16%). Across the 21 metrics below, Alcon leads on 17 and Baxter International Inc. on 4.
Valuation
Profitability
| Metric | ALC | BAX | Medical Instruments & Supplies median |
|---|---|---|---|
| Gross margin | 56.85% | 30.08% | 54.29% |
| Operating margin | 8.73% | (2.39%) | 1.07% |
| Net margin | 5.92% | (9.27%) | (1.61%) |
| Free cash flow margin | 14.68% | 7.11% | 1.08% |
| Return on equity | 2.94% | (15.78%) | (1.32%) |
| 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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