ALC financial statements
The full income statement, balance sheet, and cash-flow statement for Alcon Inc. (ALC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 10.4B+4.9% | 9.91B+4.8% | 9.46B+8.5% | 8.72B+5.1% | 8.29B+21.3% | |
| 5.75B+4.2% | 5.51B+5.1% | 5.25B+10.5% | 4.75B+2.1% | 4.65B+58.2% | ||
| Cost of revenue | 4.59B+6.1% | 4.33B+4.5% | 4.14B+5.9% | 3.91B+9.3% | 3.58B-6.6% | |
| Research & development | 990M+13.0% | 876M+5.8% | 828M+17.9% | 702M-16.6% | 842M+25.1% | |
| Operating income | 1.36B-3.8% | 1.41B+36.0% | 1.04B+54.6% | 672M+15.9% | 580M+220.3% | |
| Pre-tax income | 1.16B-7.6% | 1.26B+51.0% | 832M+79.7% | 463M+10.8% | 418M+165.8% | |
| Income tax | 180M-24.4% | 238M+267.6% | -142M-210.9% | 128M+204.8% | 42.0M+140.4% | |
| 980M-3.7% | 1.02B+4.5% | 974M+190.7% | 335M-10.9% | 376M+170.8% | ||
| Net income to common | 980M-3.7% | 1.02B+4.5% | 974M | — | — | |
| $1.98-3.4% | $2.05+4.6% | $1.96+188.2% | $0.68-10.5% | $0.76+169.7% | ||
| EPS (basic) | $1.99-3.4% | $2.06+4.0% | $1.98+191.2% | $0.68-11.7% | $0.77+170.6% | |
| Weighted-avg shares (basic) | 493M-0.2% | 494M+0.3% | 493M+0.3% | 491M+0.3% | 490M+0.2% | |
| Weighted-avg shares (diluted) | 496M-0.3% | 498M+0.2% | 497M+0.4% | 494M+0.2% | 493M+0.9% | |
| Dividends per share | $0.34+30.1% | $0.26+11.7% | $0.24+14.0% | $0.21+92.5% | $0.11 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.45B+2.2% | 6.31B+11.7% | 5.65B+8.7% | 5.19B-3.6% | 5.39B+8.0% | ||
| Cash & equivalents | 1.53B-8.9% | 1.68B+53.2% | 1.09B+11.6% | 980M-37.8% | 1.57B+1.2% | |
| Inventory | 2.39B+5.4% | 2.27B-2.3% | 2.32B+10.1% | 2.11B+11.1% | 1.90B+15.5% | |
| 31.6B+4.0% | 30.3B+2.5% | 29.6B+1.5% | 29.2B+4.2% | 28.0B+1.4% | ||
| Property, plant & equipment | 4.77B+8.8% | 4.39B+0.5% | 4.37B+8.5% | 4.03B+8.5% | 3.71B+8.4% | |
| Goodwill | 9.26B+3.5% | 8.95B+0.2% | 8.93B+0.0% | 8.93B+0.2% | 8.90B+0.0% | |
| Total non-current assets | 25.1B+4.4% | 24.0B+0.3% | 24.0B-0.0% | 24.0B+6.0% | 22.6B+0.0% | |
| Total current liabilities | 3.05B+33.8% | 2.28B-5.0% | 2.40B-12.4% | 2.74B+10.8% | 2.47B+9.5% | |
| 9.52B+8.3% | 8.79B-2.2% | 8.99B-5.2% | 9.49B+8.5% | 8.74B-0.4% | ||
| Long-term debt | 4.16B-8.3% | 4.54B-3.0% | 4.68B+3.0% | 4.54B+14.5% | 3.97B+0.4% | |
| 22.0B+2.2% | 21.6B+4.5% | 20.6B+4.8% | 19.7B+2.2% | 19.3B+2.3% | ||
| Total equity incl. non-controlling | 22.0B+2.2% | 21.6B+4.5% | 20.6B+4.8% | 19.7B+2.2% | 19.3B+2.3% | |
| Common shares issued | 500M+0.0% | 500M+0.0% | 500M+0.0% | 500M+0.0% | 500M+0.0% | |
| Shares outstanding (cover) | 487M-1.5% | 495M+0.3% | 493M+0.6% | 490M+0.0% | 490M+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 2.27B+9.3% | 2.08B+49.6% | 1.39B+14.1% | 1.22B-9.5% | 1.34B+63.4% | |
| Capital expenditure | 543M+14.8% | 473M-28.1% | 658M+3.5% | 636M-9.1% | 700M+46.1% | |
| Free cash flow | 1.73B+7.7% | 1.60B+119.7% | 730M+25.6% | 581M-9.9% | 645M+87.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 59.0M+0.0% | 59.0M-14.5% | 69.0M-97.3% | 2.59B | 0.00 | |
| Long-term debt repaid | 112M+138.3% | 47.0M+38.2% | 34.0M-98.5% | 2.27B | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 682M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 168M+28.2% | 131M+12.0% | 117M+14.7% | 102M+92.5% | 53.0M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 38.4B-8.5% | 42.0B+9.7% | 38.3B+14.0% | 33.6B-21.3% | 42.7B+32.3% | |
| P/E | 39.2×-5.0% | 41.2×-63.9% | 114.3×+27.9% | 89.3×-21.3% | 113.6× | |
| P/S | 3.7×-12.8% | 4.2×-3.5% | 4.4×+8.4% | 4.1×-21.3% | 5.1×+9.0% | |
| P/B | 1.7×-10.5% | 1.9×+0.1% | 1.9×+11.5% | 1.7×-21.3% | 2.2×+29.3% | |
| P/FCF | 22.2×-15.1% | 26.2×-60.3% | 65.9×+26.5% | 52.1×-21.3% | 66.2×-29.5% | |
| Earnings yield | 2.6%+5.2% | 2.4%+177.1% | 0.88%-21.8% | 1.1%+27.1% | 0.88% | |
| FCF yield | 4.5%+17.8% | 3.8%+151.7% | 1.5%-21.0% | 1.9%+27.1% | 1.5%+41.8% | |
| Dividend yield | 0.44%+40.2% | 0.31%+2.8% | 0.30%+0.0% | 0.30%+144.6% | 0.12% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: ALC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ALC filings on SEC EDGAR → Not investment advice.