Medical - Instruments & Supplies
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ALC vs HSIC
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Distribution
ALC vs HSIC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Distribution |
| Market Cap | $31.13B | $8.09B |
| Revenue (TTM) | $10.58B | $13.18B |
| Net Income (TTM) | $815M | $398M |
| Gross Margin | 54.9% | 29.1% |
| Operating Margin | 12.3% | 5.8% |
| Forward P/E | 18.8x | 13.3x |
| Total Debt | $5.25B | $3.69B |
| Cash & Equiv. | $1.53B | $156M |
ALC vs HSIC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Alcon Inc. (ALC) | 100 | 100.5 | +0.5% |
| Henry Schein, Inc. (HSIC) | 100 | 116.1 | +16.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ALC vs HSIC
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 and growth exposure.
- Dividend streak 5 yrs, beta 0.80, yield 0.5%
- Rev growth 4.9%, EPS growth -3.4%, 3Y rev CAGR 6.1%
- 13.0% 10Y total return vs HSIC's 5.3%
HSIC carries the broadest edge in this set and is the clearest fit for defensive.
- Beta 0.73, current ratio 1.38x
- Lower P/E (13.3x vs 18.8x)
- Beta 0.73 vs ALC's 0.80
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.9% revenue growth vs HSIC's 4.0% | |
| Value | Lower P/E (13.3x vs 18.8x) | |
| Quality / Margins | 7.7% margin vs HSIC's 3.0% | |
| Stability / Safety | Beta 0.73 vs ALC's 0.80 | |
| Dividends | 0.5% yield; 5-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +5.9% vs ALC's -32.6% | |
| Efficiency (ROA) | 3.6% ROA vs ALC's 2.6%, ROIC 7.1% vs 4.0% |
ALC vs HSIC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ALC vs HSIC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ALC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HSIC and ALC operate at a comparable scale, with $13.2B and $10.6B in trailing revenue. Profitability is closely matched — net margins range from 7.7% (ALC) to 3.0% (HSIC).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $10.6B | $13.2B |
| EBITDAEarnings before interest/tax | $2.2B | $1.1B |
| Net IncomeAfter-tax profit | $815M | $398M |
| Free Cash FlowCash after capex | $1.7B | $561M |
| Gross MarginGross profit ÷ Revenue | +54.9% | +29.1% |
| Operating MarginEBIT ÷ Revenue | +12.3% | +5.8% |
| Net MarginNet income ÷ Revenue | +7.7% | +3.0% |
| FCF MarginFCF ÷ Revenue | +16.1% | +4.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.3% | +7.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -45.7% | +14.9% |
Valuation Metrics
HSIC leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 21.6x trailing earnings, HSIC trades at a 33% valuation discount to ALC's 32.3x P/E. On an enterprise value basis, HSIC's 10.9x EV/EBITDA is more attractive than ALC's 13.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $31.1B | $8.1B |
| Enterprise ValueMkt cap + debt − cash | $34.9B | $11.6B |
| Trailing P/EPrice ÷ TTM EPS | 32.26x | 21.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.77x | 13.26x |
| PEG RatioP/E ÷ EPS growth rate | — | 6.84x |
| EV / EBITDAEnterprise value multiple | 13.66x | 10.87x |
| Price / SalesMarket cap ÷ Revenue | 2.99x | 0.61x |
| Price / BookPrice ÷ Book value/share | 1.44x | 1.79x |
| Price / FCFMarket cap ÷ FCF | 18.02x | 14.12x |
Profitability & Efficiency
HSIC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
HSIC delivers a 8.2% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $4 for ALC. ALC carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to HSIC's 0.77x. On the Piotroski fundamental quality scale (0–9), ALC scores 6/9 vs HSIC's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.7% | +8.2% |
| ROA (TTM)Return on assets | +2.6% | +3.6% |
| ROICReturn on invested capital | +4.0% | +7.1% |
| ROCEReturn on capital employed | +4.8% | +9.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.24x | 0.77x |
| Net DebtTotal debt minus cash | $3.7B | $3.5B |
| Cash & Equiv.Liquid assets | $1.5B | $156M |
| Total DebtShort + long-term debt | $5.2B | $3.7B |
| Interest CoverageEBIT ÷ Interest expense | 8.23x | 4.59x |
Total Returns (Dividends Reinvested)
HSIC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ALC five years ago would be worth $9,333 today (with dividends reinvested), compared to $8,746 for HSIC. Over the past 12 months, HSIC leads with a +5.9% total return vs ALC's -32.6%. The 3-year compound annual growth rate (CAGR) favors HSIC at -4.0% vs ALC's -4.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -17.4% | -8.2% |
| 1-Year ReturnPast 12 months | -32.6% | +5.9% |
| 3-Year ReturnCumulative with dividends | -12.9% | -11.7% |
| 5-Year ReturnCumulative with dividends | -6.7% | -12.5% |
| 10-Year ReturnCumulative with dividends | +13.0% | +5.3% |
| CAGR (3Y)Annualised 3-year return | -4.5% | -4.0% |
Risk & Volatility
HSIC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HSIC is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than ALC's 0.80 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HSIC currently trades 79.0% from its 52-week high vs ALC's 65.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.80x | 0.73x |
| 52-Week HighHighest price in past year | $97.14 | $89.29 |
| 52-Week LowLowest price in past year | $63.84 | $61.95 |
| % of 52W HighCurrent price vs 52-week peak | +65.8% | +79.0% |
| RSI (14)Momentum oscillator 0–100 | 25.6 | 39.1 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 1.2M |
Analyst Outlook
ALC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates ALC as "Buy" and HSIC as "Hold". Consensus price targets imply 46.2% upside for ALC (target: $93) vs 22.6% for HSIC (target: $86). ALC is the only dividend payer here at 0.52% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $93.36 | $86.43 |
| # AnalystsCovering analysts | 26 | 32 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — |
| Dividend StreakConsecutive years of raises | 5 | 1 |
| Dividend / ShareAnnual DPS | $0.33 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | +10.5% |
HSIC leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). ALC leads in 2 (Income & Cash Flow, Analyst Outlook).
ALC vs HSIC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ALC or HSIC a better buy right now?
For growth investors, Alcon Inc.
(ALC) is the stronger pick with 4. 9% revenue growth year-over-year, versus 4. 0% for Henry Schein, Inc. (HSIC). Henry Schein, Inc. (HSIC) offers the better valuation at 21. 6x trailing P/E (13. 3x 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 HSIC?
On trailing P/E, Henry Schein, Inc.
(HSIC) is the cheapest at 21. 6x versus Alcon Inc. at 32. 3x. On forward P/E, Henry Schein, Inc. is actually cheaper at 13. 3x.
03Which is the better long-term investment — ALC or HSIC?
Over the past 5 years, Alcon Inc.
(ALC) delivered a total return of -6. 7%, compared to -12. 5% for Henry Schein, Inc. (HSIC). Over 10 years, the gap is even starker: ALC returned +13. 0% versus HSIC's +5. 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 HSIC?
By beta (market sensitivity over 5 years), Henry Schein, Inc.
(HSIC) is the lower-risk stock at 0. 73β versus Alcon Inc. 's 0. 80β — meaning ALC is approximately 10% more volatile than HSIC relative to the S&P 500. On balance sheet safety, Alcon Inc. (ALC) carries a lower debt/equity ratio of 24% versus 77% for Henry Schein, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ALC or HSIC?
By revenue growth (latest reported year), Alcon Inc.
(ALC) is pulling ahead at 4. 9% versus 4. 0% for Henry Schein, Inc. (HSIC). On earnings-per-share growth, the picture is similar: Henry Schein, Inc. grew EPS 7. 2% year-over-year, compared to -3. 4% for Alcon Inc.. Over a 3-year CAGR, ALC leads at 6. 1% 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 HSIC?
Alcon Inc.
(ALC) is the more profitable company, earning 9. 4% net margin versus 3. 0% for Henry Schein, Inc. — meaning it keeps 9. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ALC leads at 13. 1% versus 5. 7% for HSIC. At the gross margin level — before operating expenses — ALC leads at 55. 2%, 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 HSIC more undervalued right now?
On forward earnings alone, Henry Schein, Inc.
(HSIC) trades at 13. 3x forward P/E versus 18. 8x for Alcon Inc. — 5. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ALC: 46. 2% to $93. 36.
08Which pays a better dividend — ALC or HSIC?
In this comparison, ALC (0.
5% yield) pays a dividend. HSIC does not pay a meaningful dividend and should not be held primarily for income.
09Is ALC or HSIC 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. 80), 0. 5% yield). Both have compounded well over 10 years (ALC: +13. 0%, HSIC: +5. 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 HSIC?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
ALC pays a dividend while HSIC does 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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