Stocktoria

Alcon Inc. ALC.SW

CH · SIX Swiss Exchange · XSWX · stock · Healthcare · website

Alcon Inc. statistics & valuation

Market cap$28.8B
P / E29.3×
P / S2.8×
P / B1.3×
P / FCF17.9×
Dividend yield0.58%
Net margin9.4%
Return on equity4.5%
FCF margin15.5%
Net debt$509.0M
Enterprise value$35.9B
Earnings yield EBIT/EV4.6%
Return on capital4.8%
Graham number -24.3%$45.04

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($45.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.80% 10.30% 10.30% 9.40% 2022202320242025
Gross margin (%)
54.50% 55.50% 55.60% 55.20% 2022202320242025
Operating margin (%)
7.70% 11.00% 14.30% 13.10% 2022202320242025
Return on equity (%)
1.70% 4.70% 4.70% 4.50% 2022202320242025
Shares outstanding
483.4M 483.4M 483.4M 483.4M 2022202320242025
Net debt ($)
$4.09B $4.04B -$1.18B $509.0M 2022202320242025
Share buybacks ($)
$0 $0 $676.0M 2022202320242025
Return on assets (%)
1.10% 3.30% 3.40% 3.10% 2022202320242025
Free cash flow margin (%)
5.40% 5.70% 14.20% 15.50% 2022202320242025
Debt / equity (×)
0.26× 0.25× 0.02× 0.02× 2022202320242025
EPS ($)
$0.68 $1.96 $2.05 $1.98 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Alcon Inc. trades at about 30× earnings — below its 10-year norm (10-year range 31.5×–101×, median 40.8×).

30× 101×

Shaded band = 10-year range (31.5×–101×); dot = today's 30×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin55.2%55.6%55.5%54.5%
Operating margin13.1%14.3%11.0%7.7%
Net margin9.4%10.3%10.3%3.8%
FCF margin15.5%14.2%5.7%5.4%
Return on assets3.1%3.4%3.3%1.1%
Return on equity4.5%4.7%4.7%1.7%
Debt / equity—0.21×0.23×0.23×
Current ratio2.122.772.351.90

Computed from company filings · CH · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.