Last 33 quarters of trend data · Healthcare · Medical - Instruments & Supplies
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Alcon Inc.'s quarterly P/E stands at 49.6x, up 46.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 46.5% YoY to 14.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 32.26 | 49.57 | 44.78 | 38.81 | 63.06 | 33.90 | 37.23 | 47.20 | 49.49 | 41.65 | 22.45 | 46.99 | 60.37 |
| — | +46.2% | +20.3% | -17.8% | +27.4% | -18.6% | +65.9% | +0.5% | -18.0% | -17.3% | — | -25.7% | +3.7% | |
| P/S Ratio | 2.99 | 3.48 | 3.57 | 3.53 | 4.23 | 4.78 | 4.22 | 5.07 | 4.43 | 4.21 | 4.10 | 4.11 | 4.20 |
| — | -27.2% | -15.4% | -30.4% | -4.5% | +13.6% | +3.0% | +23.6% | +5.5% | +13.2% | +5.5% | +22.1% | +7.8% | |
| P/B Ratio | 1.44 | 1.66 | 1.76 | 1.67 | 1.99 | 2.15 | 1.96 | 2.33 | 2.11 | 1.99 | 1.87 | 1.90 | 2.04 |
| — | -22.7% | -10.1% | -28.1% | -6.1% | +8.1% | +4.9% | +22.6% | +3.5% | +12.6% | +9.1% | +29.6% | +15.6% | |
| P/FCF | 18.02 | 33.75 | 19.84 | 17.15 | 27.27 | 42.51 | 33.71 | 20.31 | 27.00 | 52.22 | 88.05 | 26.28 | 99.10 |
| — | -20.6% | -41.2% | -15.6% | +1.0% | -18.6% | -61.7% | -22.7% | -72.8% | — | -6.0% | -37.2% | +214.4% | |
| EV / EBITDA | 13.66 | 14.74 | 18.65 | 15.35 | 47.80 | 27.57 | 28.77 | 21.52 | 19.07 | 17.27 | 49.51 | 18.30 | 19.90 |
| — | -46.5% | -35.2% | -28.7% | +150.6% | +59.6% | -41.9% | +17.6% | -4.2% | +0.7% | +78.1% | +5.1% | +10.1% | |
| EV / EBIT | 25.63 | 24.73 | 40.26 | 30.45 | 47.80 | 27.57 | 28.77 | 40.18 | 36.36 | 30.75 | 49.51 | 36.09 | 43.24 |
| — | -10.3% | +40.0% | -24.2% | +31.5% | -10.4% | -41.9% | +11.3% | -15.9% | -17.5% | -3.6% | -89.3% | -18.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Alcon Inc.'s operating margin was 15.5% in Q1 2026, up 4.0 pp QoQ and down 3.4 pp YoY. The trailing four-quarter average of 12.3% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.2% | 56.4% | 54.2% | 55.8% | 53.5% | 55.9% | 55.4% | 55.9% | 55.0% | 56.2% | 54.8% | 55.3% | 56.3% |
| — | +0.8% | -2.1% | -0.2% | -2.9% | -0.5% | +0.9% | +0.9% | -2.2% | +1.3% | +1.8% | +1.6% | +3.6% | |
| Operating Margin | 13.1% | 15.5% | 11.5% | 12.7% | 9.5% | 18.9% | 15.8% | 13.5% | 12.7% | 15.0% | 8.8% | 12.6% | 11.1% |
| — | -18.2% | -27.1% | -6.1% | -25.3% | +26.5% | +78.5% | +7.5% | +14.3% | +31.3% | +814.2% | +31.3% | +23.6% | |
| Net Margin | 9.4% | 7.0% | 8.0% | 9.1% | 6.8% | 14.2% | 11.4% | 10.7% | 8.9% | 10.1% | 18.2% | 8.8% | 7.0% |
| — | -50.6% | -29.7% | -15.4% | -24.1% | +40.3% | -37.5% | +22.4% | +28.0% | +36.3% | +506.3% | +61.6% | +4.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 0.8% | 1.0% | 1.1% | 0.8% | 1.6% | 1.3% | 1.2% | 1.1% | 1.2% | 2.1% | 1.0% | 0.9% |
| — | -47.9% | -25.6% | -13.7% | -25.3% | +34.2% | -36.9% | +22.0% | +25.5% | +35.8% | +524.8% | +72.1% | +12.1% | |
| ROA | 3.2% | 0.6% | 0.7% | 0.8% | 0.6% | 1.1% | 0.9% | 0.9% | 0.8% | 0.8% | 1.4% | 0.7% | 0.6% |
| — | -48.7% | -26.4% | -13.9% | -25.0% | +36.1% | -35.4% | +25.6% | +30.0% | +40.8% | +525.7% | +66.9% | +8.5% | |
| ROIC | 4.0% | 1.2% | 0.9% | 1.0% | 0.7% | 1.4% | 1.2% | 1.0% | 1.0% | 1.1% | 0.6% | 0.9% | 0.8% |
| — | -13.7% | -23.2% | -4.2% | -25.8% | +23.7% | +85.7% | +10.9% | +15.3% | +32.8% | +844.7% | +34.5% | +27.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Alcon Inc.'s Debt/EBITDA ratio is 7.7x, down from 9.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 18.4% YoY to 2.20x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 |
| — | +0.8% | -0.1% | -1.0% | -2.4% | -3.4% | -4.5% | -5.5% | -5.1% | -5.2% | -3.1% | +15.0% | +14.3% | |
| Debt / EBITDA | 2.06 | 7.67 | 9.20 | 7.90 | 21.00 | 11.22 | 12.94 | 8.26 | 8.09 | 7.75 | 23.92 | 8.83 | 9.00 |
| — | -31.6% | -28.9% | -4.4% | +159.6% | +44.7% | -45.9% | -6.4% | -10.1% | -13.3% | +60.5% | -6.5% | +7.7% | |
| Current Ratio | 2.12 | 2.20 | 2.12 | 2.12 | 2.60 | 2.70 | 2.77 | 2.57 | 2.56 | 2.51 | 2.35 | 2.21 | 2.16 |
| — | -18.4% | -23.6% | -17.7% | +1.7% | +7.5% | +17.6% | +16.2% | +18.4% | +22.4% | +24.1% | +0.1% | -0.1% | |
| Quick Ratio | 1.33 | 1.39 | 1.33 | 1.30 | 1.61 | 1.66 | 1.77 | 1.60 | 1.56 | 1.49 | 1.39 | 1.29 | 1.22 |
| — | -16.0% | -25.0% | -18.7% | +3.3% | +11.2% | +28.0% | +24.6% | +28.3% | +24.5% | +23.1% | -4.7% | -6.7% | |
| Interest Coverage | — | 8.06 | — | 6.55 | 4.90 | 9.30 | 8.27 | 6.78 | 6.60 | 8.18 | 4.34 | 6.23 | 5.44 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 33 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying ALC stock.
Alcon Inc.'s current P/E is 32.3x. The average P/E over the last 4 quarters is 49.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Alcon Inc.'s current operating margin is 13.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Alcon Inc.'s business trajectory between earnings reports.