Financials · ALC

Alcon Inc. (ALC) financials

For fiscal 2025 (ended Dec 31, 2025), Alcon Inc. reported $10.40B of revenue and $980.00M of net income.

Revenue, FY2025
$10.40B
Revenue growth, YoY
+4.9%
Net income, FY2025
$980.00M
Net income growth, YoY
-3.7%
Net margin
9.4%
Free cash flow, FY2025
$1.73B
EPS, diluted, FY2025
$1.98
EPS growth, YoY
-3.4%
Cash
$1.53B
Total debt
$4.74B
P/E
38.21
P/S
3.60
Market cap
$37.45B
Annual revenue$10.40B
FY2010FY2025
Annual net income$980.00M
FY2010FY2025
Annual free cash flow$1.73B
FY2010FY2025

ALC revenue and earnings growth

ALC revenueFY2025$10.40B

FY YoY
+4.9%
5Y CAGR
+8.8%

ALC revenue was $10.40B for fiscal 2025 (ended Dec 31, 2025), up 4.9% from fiscal 2024. Compound annual growth was +8.8% over 5 years. It rose in 7 of the last 8 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

ALC net incomeFY2025$980.00M

FY YoY
-3.7%

ALC net income was $980.00M for fiscal 2025 (ended Dec 31, 2025), down 3.7% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

ALC EPSFY2025$1.98

FY YoY
-3.4%

ALC diluted EPS was $1.98 for fiscal 2025 (ended Dec 31, 2025), down 3.4% from fiscal 2024.

ALC free cash flowFY2025$1.73B

FY YoY
+7.7%
5Y CAGR
+38.1%

ALC free cash flow was $1.73B for fiscal 2025 (ended Dec 31, 2025), up 7.7% from fiscal 2024. Compound annual growth was +38.1% over 5 years. It rose in 4 of the last 8 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2010
Revenue$10.40B$9.91B$9.46B$8.72B$8.29B$6.83B$7.51B$7.15B$6.79B$7.18B
Cost of revenue$4.59B$4.33B$4.14B$3.91B$3.58B$3.83B$3.72B$3.96B$3.59B$1.68B
Gross profit$5.75B$5.51B$5.25B$4.75B$4.65B$2.94B$3.66B$3.19B$3.20B$5.50B
Research and development$990.00M$876.00M$828.00M$702.00M$842.00M$673.00M$656.00M$587.00M$584.00M$747.00M
Selling, general and admin$3.45B$3.25B$3.21B$3.07B$3.08B$2.69B$2.85B$2.80B$2.60B-
Operating income$1.36B$1.41B$1.04B$672.00M$580.00M-$482.00M-$187.00M-$248.00M-$77.00M$2.48B
Interest expense$204.00M$192.00M$189.00M$134.00M$120.00M$124.00M$113.00M$24.00M$27.00M$9.00M
Pre-tax income$1.16B$1.26B$832.00M$463.00M$418.00M-$635.00M-$332.00M-$300.00M-$127.00M$2.53B
Income tax$180.00M$238.00M-$142.00M$128.00M$42.00M-$104.00M$324.00M-$73.00M-$383.00M$317.00M
Net income$980.00M$1.02B$974.00M$335.00M$376.00M-$531.00M-$656.00M-$227.00M$256.00M$2.21B
EPS, basic$1.99$2.06$1.98$0.68$0.77-$1.09-$1.34-$0.46$0.52$7.34
EPS, diluted$1.98$2.05$1.96$0.68$0.76-$1.09-$1.34-$0.46$0.52$7.27
Diluted shares496.2M497.5M496.5M494.4M493.4M489.0M488.2M488.2M488.2M304.1M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2010
Cash and equivalents$1.53B$1.68B$1.09B$980.00M$1.57B$1.56B$822.00M$227.00M$172.00M$2.52B
Short-term investments$1.00M$1.00M$7.00M$0$0$12.00M$33.00M$31.00M-$889.00M
Receivables---------$1.48B
Inventory$2.39B$2.27B$2.32B$2.11B$1.90B$1.64B$1.50B$1.44B-$693.00M
Current assets$6.45B$6.31B$5.65B$5.19B$5.39B$4.99B$4.24B$3.40B-$6.07B
Goodwill$9.26B$8.95B$8.93B$8.93B$8.90B$8.90B$8.90B$8.90B-$833.00M
Total assets$31.55B$30.35B$29.61B$29.16B$28.00B$27.60B$27.66B$27.06B-$10.07B
Current liabilities$3.05B$2.28B$2.40B$2.74B$2.47B$2.26B$2.30B$1.89B-$1.79B
Short-term debt$575.00M$105.00M$63.00M$107.00M$114.00M$169.00M$261.00M$47.00M-$62.00M
Long-term debt$4.16B$4.54B$4.68B$4.54B$3.97B$3.95B$3.22B$0-$0
Total debt$4.74B$4.64B$4.74B$4.65B$4.08B$4.12B$3.48B$47.00M-$62.00M
Total liabilities$9.52B$8.79B$8.99B$9.49B$8.74B$8.78B$8.35B$4.42B-$2.82B
Shareholders' equity$22.03B$21.55B$20.62B$19.68B$19.26B$18.82B$19.30B$22.64B$23.03B$7.25B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2010
Operating cash flow$2.27B$2.08B$1.39B$1.22B$1.34B$823.00M$920.00M$1.14B$1.22B$2.38B
Capital expenditures$543.00M$473.00M$658.00M$636.00M$700.00M$479.00M$553.00M$524.00M$415.00M$309.00M
Free cash flow$1.73B$1.60B$730.00M$581.00M$645.00M$344.00M$367.00M$616.00M$803.00M$2.07B
Investing cash flow-$1.34B-$1.17B-$1.09B-$1.86B-$1.20B-$572.00M-$1.01B-$1.00B-$679.00M-$1.71B
Financing cash flow-$1.12B-$322.00M-$211.00M-$8.00M-$123.00M$466.00M$659.00M-$78.00M-$539.00M-$1.15B
Dividends paid$166.00M$130.00M$116.00M$100.00M$54.00M$0$0--$1.04B
Share repurchases$676.00M$0$0------$33.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2010
Revenue growth, YoY4.9%4.8%8.5%5.1%21.3%-9.0%5.0%5.3%-10.5%
Net income growth, YoY-3.7%4.5%190.7%-10.9%-----10.1%
EPS growth, YoY-3.4%4.6%188.2%-10.5%-----9.2%
Gross margin55.2%55.6%55.5%54.5%56.1%43.0%48.8%44.6%47.2%76.7%
Operating margin13.1%14.3%11.0%7.7%7.0%-7.1%-2.5%-3.5%-1.1%34.5%
Net margin9.4%10.3%10.3%3.8%4.5%-7.8%-8.7%-3.2%3.8%30.8%
Free cash flow margin16.6%16.2%7.7%6.7%7.8%5.0%4.9%8.6%11.8%28.8%
Return on equity4.4%4.7%4.7%1.7%2.0%-2.8%-3.4%-1.0%1.1%30.5%
Return on assets3.1%3.4%3.3%1.1%1.3%-1.9%-2.4%-0.8%-21.9%
Current ratio2.122.772.351.902.182.211.841.80-3.39
Debt to equity0.210.220.230.240.210.220.180.00-0.01

Source: XBRL data Alcon Inc. files with the SEC, latest filing dated Feb 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ALC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ALC$10.40B+4.9%$980.00M9.4%$37.45B
COO$4.24B+4.7%$570.30M13.5%$11.86B
BLCO$5.42B+8.9%-$111.00M-2.0%$7.15B
WRBY$934.66M+9.9%$7.47M0.8%$3.15B
EYE$2.03B+7.8%$50.29M2.5%$1.41B
STAA$328.27M+42.4%$530.0K0.2%$1.27B
RXST$121.83M-14.3%-$53.36M-43.8%$190.1M
LUCY$3.41M+72.5%-$7.69M-225.3%$7.2M

ALC FAQ

9 questions
  • What is ALC revenue?
    Alcon Inc. (ALC) reported $10.40B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 4.9% from the year before.
  • Is ALC profitable?
    Yes. Alcon Inc. earned $980.00M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 9.4%.
  • How much cash and debt does ALC have?
    Alcon Inc. reported $1.53B in cash and cash equivalents and $4.74B of debt on its most recent balance sheet in SEC filings.
  • How fast is ALC revenue growing?
    Alcon Inc.'s revenue changed +4.9% in fiscal 2025, to $10.40B. Its compound annual growth rate was +8.8% over 5 years.
  • What is ALC gross margin?
    Alcon Inc.'s gross profit was $5.75B on $10.40B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 55.2%.
  • What is ALC free cash flow?
    Alcon Inc. generated $1.73B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $2.27B less capital expenditures.
  • What is ALC earnings per share?
    Diluted earnings per share were $1.98 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did ALC last report financial results?
    The latest statements here come from Alcon Inc.'s 20-F filed on Feb 24, 2026, covering the period ended Dec 31, 2025.
  • Where does this ALC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Alcon Inc. files with the SEC. It is provided for information only and is not investment advice.