Medical - Instruments & Supplies
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4 / 10Stock Comparison
ALC vs HOLX vs BAX vs IDXX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Diagnostics & Research
ALC vs HOLX vs BAX vs IDXX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Diagnostics & Research |
| Market Cap | $31.13B | $16.97B | $9.04B | $45.45B |
| Revenue (TTM) | $10.58B | $4.13B | $11.32B | $4.45B |
| Net Income (TTM) | $815M | $544M | $-1.10B | $1.10B |
| Gross Margin | 54.9% | 52.8% | 30.1% | 62.1% |
| Operating Margin | 12.3% | 17.5% | -2.7% | 31.6% |
| Forward P/E | 18.1x | 17.2x | 9.4x | 38.3x |
| Total Debt | $5.25B | $2.63B | $10.00B | $1.08B |
| Cash & Equiv. | $1.53B | $1.96B | $1.97B | $180M |
ALC vs HOLX vs BAX vs IDXX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Alcon Inc. (ALC) | 100 | 98.5 | -1.5% |
| Hologic, Inc. (HOLX) | 100 | 142.6 | +42.6% |
| Baxter Internationa… (BAX) | 100 | 20.0 | -80.0% |
| IDEXX Laboratories,… (IDXX) | 100 | 181.3 | +81.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ALC vs HOLX vs BAX vs IDXX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ALC is the clearest fit if your priority is income & stability.
- Dividend streak 5 yrs, beta 0.80, yield 0.5%
- 0.5% yield, 5-year raise streak, vs BAX's 3.9%, (2 stocks pay no dividend)
HOLX is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.
- Lower volatility, beta 0.41, Low D/E 52.0%, current ratio 3.75x
- Beta 0.41, current ratio 3.75x
- Beta 0.41 vs BAX's 1.37, lower leverage
- +37.1% vs BAX's -41.8%
BAX is the clearest fit if your priority is value.
- Lower P/E (9.4x vs 38.3x)
IDXX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 10.4%, EPS growth 22.6%, 3Y rev CAGR 8.5%
- 5.6% 10Y total return vs HOLX's 124.3%
- 10.4% revenue growth vs HOLX's 1.7%
- 24.6% margin vs BAX's -9.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 10.4% revenue growth vs HOLX's 1.7% | |
| Value | Lower P/E (9.4x vs 38.3x) | |
| Quality / Margins | 24.6% margin vs BAX's -9.7% | |
| Stability / Safety | Beta 0.41 vs BAX's 1.37, lower leverage | |
| Dividends | 0.5% yield, 5-year raise streak, vs BAX's 3.9%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +37.1% vs BAX's -41.8% | |
| Efficiency (ROA) | 32.6% ROA vs BAX's -5.4%, ROIC 42.5% vs -1.4% |
ALC vs HOLX vs BAX vs IDXX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ALC vs HOLX vs BAX vs IDXX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IDXX leads in 2 of 6 categories
HOLX leads 1 • ALC leads 0 • BAX leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
IDXX leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BAX is the larger business by revenue, generating $11.3B annually — 2.7x HOLX's $4.1B. IDXX is the more profitable business, keeping 24.6% of every revenue dollar as net income compared to BAX's -9.7%. On growth, IDXX holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $10.6B | $4.1B | $11.3B | $4.4B |
| EBITDAEarnings before interest/tax | $2.2B | $974M | $671M | $1.5B |
| Net IncomeAfter-tax profit | $815M | $544M | -$1.1B | $1.1B |
| Free Cash FlowCash after capex | $1.7B | $1000M | $501M | $845M |
| Gross MarginGross profit ÷ Revenue | +54.9% | +52.8% | +30.1% | +62.1% |
| Operating MarginEBIT ÷ Revenue | +12.3% | +17.5% | -2.7% | +31.6% |
| Net MarginNet income ÷ Revenue | +7.7% | +13.2% | -9.7% | +24.6% |
| FCF MarginFCF ÷ Revenue | +16.1% | +24.2% | +4.4% | +19.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.3% | +2.5% | +2.9% | +14.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -45.7% | -9.2% | -112.0% | +16.6% |
Valuation Metrics
Evenly matched — ALC and BAX each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 30.5x trailing earnings, HOLX trades at a 30% valuation discount to IDXX's 43.7x P/E. On an enterprise value basis, ALC's 13.7x EV/EBITDA is more attractive than IDXX's 31.6x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $31.1B | $17.0B | $9.0B | $45.4B |
| Enterprise ValueMkt cap + debt − cash | $34.9B | $17.6B | $17.1B | $46.3B |
| Trailing P/EPrice ÷ TTM EPS | 32.26x | 30.53x | -10.01x | 43.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.14x | 17.21x | 9.37x | 38.29x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 3.06x |
| EV / EBITDAEnterprise value multiple | 13.66x | 17.39x | 25.37x | 31.60x |
| Price / SalesMarket cap ÷ Revenue | 2.99x | 4.14x | 0.80x | 10.56x |
| Price / BookPrice ÷ Book value/share | 1.44x | 3.43x | 1.47x | 28.75x |
| Price / FCFMarket cap ÷ FCF | 18.02x | 18.44x | 27.99x | 43.14x |
Profitability & Efficiency
IDXX leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
IDXX delivers a 70.9% return on equity — every $100 of shareholder capital generates $71 in annual profit, vs $-16 for BAX. ALC carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to BAX's 1.64x. On the Piotroski fundamental quality scale (0–9), HOLX scores 7/9 vs BAX's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +3.7% | +11.0% | -16.5% | +70.9% |
| ROA (TTM)Return on assets | +2.6% | +6.1% | -5.4% | +32.6% |
| ROICReturn on invested capital | +4.0% | +9.4% | -1.4% | +42.5% |
| ROCEReturn on capital employed | +4.8% | +8.8% | -1.7% | +61.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.24x | 0.52x | 1.64x | 0.67x |
| Net DebtTotal debt minus cash | $3.7B | $667M | $8.0B | $897M |
| Cash & Equiv.Liquid assets | $1.5B | $2.0B | $2.0B | $180M |
| Total DebtShort + long-term debt | $5.2B | $2.6B | $10.0B | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | 8.23x | 8.00x | -0.83x | 35.55x |
Total Returns (Dividends Reinvested)
Evenly matched — HOLX and IDXX each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HOLX five years ago would be worth $11,582 today (with dividends reinvested), compared to $2,566 for BAX. Over the past 12 months, HOLX leads with a +37.1% total return vs BAX's -41.8%. The 3-year compound annual growth rate (CAGR) favors IDXX at 5.6% vs BAX's -24.1% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -17.4% | +1.9% | -10.2% | -14.6% |
| 1-Year ReturnPast 12 months | -32.6% | +37.1% | -41.8% | +17.6% |
| 3-Year ReturnCumulative with dividends | -12.9% | -8.5% | -56.3% | +17.9% |
| 5-Year ReturnCumulative with dividends | -6.7% | +15.8% | -74.3% | +5.1% |
| 10-Year ReturnCumulative with dividends | +13.0% | +124.3% | -42.4% | +556.2% |
| CAGR (3Y)Annualised 3-year return | -4.5% | -2.9% | -24.1% | +5.6% |
Risk & Volatility
HOLX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HOLX is the less volatile stock with a 0.41 beta — it tends to amplify market swings less than BAX's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HOLX currently trades 100.0% from its 52-week high vs BAX's 53.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 0.45x | 1.38x | 1.36x |
| 52-Week HighHighest price in past year | $97.14 | $76.04 | $32.68 | $769.98 |
| 52-Week LowLowest price in past year | $63.84 | $52.81 | $15.73 | $471.74 |
| % of 52W HighCurrent price vs 52-week peak | +65.8% | +100.0% | +53.6% | +74.3% |
| RSI (14)Momentum oscillator 0–100 | 25.6 | 69.1 | 44.0 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 10.0M | 8.7M | 533K |
Analyst Outlook
Evenly matched — ALC and BAX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ALC as "Buy", HOLX as "Hold", BAX as "Hold", IDXX as "Buy". Consensus price targets imply 35.5% upside for ALC (target: $87) vs 3.9% for HOLX (target: $79). For income investors, BAX offers the higher dividend yield at 3.87% vs ALC's 0.52%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $86.52 | $79.00 | $20.00 | $747.50 |
| # AnalystsCovering analysts | 26 | 42 | 36 | 22 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — | +3.9% | — |
| Dividend StreakConsecutive years of raises | 5 | — | 0 | — |
| Dividend / ShareAnnual DPS | $0.33 | — | $0.68 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | +4.4% | 0.0% | +2.7% |
IDXX leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HOLX leads in 1 (Risk & Volatility). 3 tied.
ALC vs HOLX vs BAX vs IDXX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ALC or HOLX or BAX or IDXX a better buy right now?
For growth investors, IDEXX Laboratories, Inc.
(IDXX) is the stronger pick with 10. 4% revenue growth year-over-year, versus 1. 7% for Hologic, Inc. (HOLX). Hologic, Inc. (HOLX) offers the better valuation at 30. 5x trailing P/E (17. 2x forward), making it the more compelling value choice. Analysts rate Alcon Inc. (ALC) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ALC or HOLX or BAX or IDXX?
On trailing P/E, Hologic, Inc.
(HOLX) is the cheapest at 30. 5x versus IDEXX Laboratories, Inc. at 43. 7x. On forward P/E, Baxter International Inc. is actually cheaper at 9. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — ALC or HOLX or BAX or IDXX?
Over the past 5 years, Hologic, Inc.
(HOLX) delivered a total return of +15. 8%, compared to -74. 3% for Baxter International Inc. (BAX). Over 10 years, the gap is even starker: IDXX returned +542. 3% versus BAX's -41. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ALC or HOLX or BAX or IDXX?
By beta (market sensitivity over 5 years), Hologic, Inc.
(HOLX) is the lower-risk stock at 0. 45β versus Baxter International Inc. 's 1. 38β — meaning BAX is approximately 205% more volatile than HOLX relative to the S&P 500. On balance sheet safety, Alcon Inc. (ALC) carries a lower debt/equity ratio of 24% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ALC or HOLX or BAX or IDXX?
By revenue growth (latest reported year), IDEXX Laboratories, Inc.
(IDXX) is pulling ahead at 10. 4% versus 1. 7% for Hologic, Inc. (HOLX). On earnings-per-share growth, the picture is similar: IDEXX Laboratories, Inc. grew EPS 22. 6% year-over-year, compared to -37. 8% for Baxter International Inc.. Over a 3-year CAGR, IDXX leads at 8. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ALC or HOLX or BAX or IDXX?
IDEXX Laboratories, Inc.
(IDXX) is the more profitable company, earning 24. 6% net margin versus -8. 5% for Baxter International Inc. — meaning it keeps 24. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IDXX leads at 31. 6% versus -2. 7% for BAX. At the gross margin level — before operating expenses — IDXX leads at 61. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ALC or HOLX or BAX or IDXX more undervalued right now?
On forward earnings alone, Baxter International Inc.
(BAX) trades at 9. 4x forward P/E versus 38. 3x for IDEXX Laboratories, Inc. — 28. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ALC: 35. 5% to $86. 52.
08Which pays a better dividend — ALC or HOLX or BAX or IDXX?
In this comparison, BAX (3.
9% yield), ALC (0. 5% yield) pay a dividend. HOLX, IDXX do not pay a meaningful dividend and should not be held primarily for income.
09Is ALC or HOLX or BAX or IDXX better for a retirement portfolio?
For long-horizon retirement investors, Alcon Inc.
(ALC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68), 0. 5% yield). Both have compounded well over 10 years (ALC: +11. 4%, IDXX: +542. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ALC and HOLX and BAX and IDXX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ALC is a mid-cap quality compounder stock; HOLX is a mid-cap quality compounder stock; BAX is a small-cap income-oriented stock; IDXX is a mid-cap quality compounder stock. ALC, BAX pay a dividend while HOLX, IDXX do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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