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Stocks · Health care · Ophthalmic Goods

ALCON INC

ALC Clue Score68
United States Fiscal year ends December CIK 0001167379
$64.35 +0.37% Close, 12 Oct 2026
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Price $64.35 −17.42% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 9 Apr 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue6.79Operating income−0.08Net income0.26EPS, diluted0.52Fiscal year 2018Revenue7.15 +5.3%Operating income−0.25Net income−0.23 −188.7%EPS, diluted−0.46 −188.5%Fiscal year 2019Revenue7.51 +5.0%Operating income−0.19Net income−0.66EPS, diluted−1.34Fiscal year 2020Revenue6.83 −9.0%Operating income−0.48Net income−0.53EPS, diluted−1.09Fiscal year 2021Revenue8.29 +21.3%Operating income0.58Net income0.38EPS, diluted0.76Fiscal year 2022Revenue8.72 +5.1%Operating income0.67Net income0.34 −10.9%EPS, diluted0.68 −10.5%Fiscal year 2023Revenue9.46 +8.5%Operating income1.04Net income0.97 +190.7%EPS, diluted1.96 +188.2%Fiscal year 2024Revenue9.91 +4.8%Operating income1.41Net income1.02 +4.5%EPS, diluted2.05 +4.6%Fiscal year 2025Revenue10.40 +4.9%Operating income1.36Net income0.98 −3.7%EPS, diluted1.98 −3.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.79 7.15 7.51 6.83 8.29 8.72 9.46 9.91 10.40
Growth +5.3% +5.0% −9.0% +21.3% +5.1% +8.5% +4.8% +4.9%
Operating income −0.08 −0.25 −0.19 −0.48 0.58 0.67 1.04 1.41 1.36
Net income 0.26 −0.23 −0.66 −0.53 0.38 0.34 0.97 1.02 0.98
Growth −188.7% −10.9% +190.7% +4.5% −3.7%
EPS, diluted 0.52 −0.46 −1.34 −1.09 0.76 0.68 1.96 2.05 1.98
Growth −188.5% −10.5% +188.2% +4.6% −3.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin47.2%Operating margin−1.1%Net margin3.8%Free cash flow margin11.8%Fiscal year 2018Gross margin44.6%Operating margin−3.5%Net margin−3.2%Free cash flow margin8.6%Fiscal year 2019Gross margin48.8%Operating margin−2.5%Net margin−8.7%Free cash flow margin4.9%Fiscal year 2020Gross margin43.0%Operating margin−7.1%Net margin−7.8%Free cash flow margin5.0%Fiscal year 2021Gross margin56.1%Operating margin7.0%Net margin4.5%Free cash flow margin7.8%Fiscal year 2022Gross margin54.5%Operating margin7.7%Net margin3.8%Free cash flow margin6.7%Fiscal year 2023Gross margin55.5%Operating margin11.0%Net margin10.3%Free cash flow margin7.7%Fiscal year 2024Gross margin55.6%Operating margin14.3%Net margin10.3%Free cash flow margin16.2%Fiscal year 2025Gross margin55.2%Operating margin13.1%Net margin9.4%Free cash flow margin16.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 47.2% 44.6% 48.8% 43.0% 56.1% 54.5% 55.5% 55.6% 55.2%
Operating margin −1.1% −3.5% −2.5% −7.1% 7.0% 7.7% 11.0% 14.3% 13.1%
Net margin 3.8% −3.2% −8.7% −7.8% 4.5% 3.8% 10.3% 10.3% 9.4%
Free cash flow margin 11.8% 8.6% 4.9% 5.0% 7.8% 6.7% 7.7% 16.2% 16.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow1.22Capital expenditure−0.42Free cash flow0.80Fiscal year 2018Operating cash flow1.14Capital expenditure−0.52Free cash flow0.62 −23.3%Fiscal year 2019Operating cash flow0.92Capital expenditure−0.55Free cash flow0.37 −40.4%Dividends paid0.00Fiscal year 2020Operating cash flow0.82Capital expenditure−0.48Free cash flow0.34 −6.3%Dividends paid0.00Fiscal year 2021Operating cash flow1.35Capital expenditure−0.70Free cash flow0.65 +87.5%Dividends paid−0.05Fiscal year 2022Operating cash flow1.22Capital expenditure−0.64Free cash flow0.58 −9.9%Dividends paid−0.10Fiscal year 2023Operating cash flow1.39Capital expenditure−0.66Free cash flow0.73 +25.6%Buybacks0.00Dividends paid−0.12Fiscal year 2024Operating cash flow2.08Capital expenditure−0.47Free cash flow1.60 +119.7%Buybacks0.00Dividends paid−0.13Fiscal year 2025Operating cash flow2.27Capital expenditure−0.54Free cash flow1.73 +7.7%Buybacks−0.68Dividends paid−0.17
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.22 1.14 0.92 0.82 1.35 1.22 1.39 2.08 2.27
Capital expenditure −0.42 −0.52 −0.55 −0.48 −0.70 −0.64 −0.66 −0.47 −0.54
Free cash flow 0.80 0.62 0.37 0.34 0.65 0.58 0.73 1.60 1.73
Growth −23.3% −40.4% −6.3% +87.5% −9.9% +25.6% +119.7% +7.7%
Buybacks n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.68
Dividends paid n/a n/a 0.00 0.00 −0.05 −0.10 −0.12 −0.13 −0.17

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.17Shareholders’ equity23.03Fiscal year 2018Cash0.23Total debt0.00Net cash (debt)0.23Shareholders’ equity22.64Debt to equity0.00Fiscal year 2019Cash0.82Total debt3.22Net cash (debt)−2.40Shareholders’ equity19.30Debt to equity0.17Fiscal year 2020Cash1.56Total debt3.95Net cash (debt)−2.39Shareholders’ equity18.82Debt to equity0.21Fiscal year 2021Cash1.58Total debt3.97Net cash (debt)−2.39Shareholders’ equity19.26Debt to equity0.21Fiscal year 2022Cash0.98Total debt4.54Net cash (debt)−3.56Shareholders’ equity19.68Debt to equity0.23Fiscal year 2023Cash1.09Total debt4.68Net cash (debt)−3.58Shareholders’ equity20.62Debt to equity0.23Fiscal year 2024Cash1.68Total debt4.54Net cash (debt)−2.86Shareholders’ equity21.55Debt to equity0.21Fiscal year 2025Cash1.53Total debt4.16Net cash (debt)−2.64Shareholders’ equity22.03Debt to equity0.19
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.17 0.23 0.82 1.56 1.58 0.98 1.09 1.68 1.53
Total debt n/a 0.00 3.22 3.95 3.97 4.54 4.68 4.54 4.16
Net cash (debt) n/a 0.23 −2.40 −2.39 −2.39 −3.56 −3.58 −2.86 −2.64
Shareholders’ equity 23.03 22.64 19.30 18.82 19.26 19.68 20.62 21.55 22.03
Debt to equity n/a 0.00 0.17 0.21 0.21 0.23 0.23 0.21 0.19

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
6.79 7.15 7.51 6.83 8.29 8.72 9.46 9.91 10.40
Growth +5.3% +5.0% −9.0% +21.3% +5.1% +8.5% +4.8% +4.9%
3.59 3.96 3.72 3.83 3.58 3.91 4.14 4.33 4.59
3.20 3.19 3.66 2.94 4.65 4.75 5.25 5.51 5.75
Growth −0.4% +14.7% −19.7% +58.2% +2.1% +10.5% +5.1% +4.2%
0.58 0.59 0.66 0.67 0.84 0.70 0.83 0.88 0.99
2.60 2.80 2.85 2.69 3.08 3.07 3.21 3.25 3.45
−0.08 −0.25 −0.19 −0.48 0.58 0.67 1.04 1.41 1.36
Growth +15.9% +54.6% +36.0% −3.8%
−0.13 −0.30 −0.33 −0.64 0.42 0.46 0.83 1.26 1.16
−0.38 −0.07 0.32 −0.10 0.04 0.13 −0.14 0.24 0.18
0.26 −0.23 −0.66 −0.53 0.38 0.34 0.97 1.02 0.98
Growth −188.7% −10.9% +190.7% +4.5% −3.7%
Per share
0.52 −0.46 −1.34 −1.09 0.77 0.68 1.98 2.06 1.99
0.52 −0.46 −1.34 −1.09 0.76 0.68 1.96 2.05 1.98
Growth −188.5% −10.5% +188.2% +4.6% −3.4%
488.2 488.2 488.2 489.0 490.0 491.4 493.0 494.4 493.2
488.2 488.2 488.2 489.0 493.4 494.4 496.5 497.5 496.2
Growth +0.0% +0.0% +0.2% +0.9% +0.2% +0.4% +0.2% −0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.8% a year over five years.
  • The diluted share count rose 1.5% in five years, which is dilution.
  • Operating margin is up 20.1 points on five years ago, at 13.1%.
  • A net loss in 3 of 9 years on file.