Alcon vs Intuitive Surgical
Alcon and Intuitive Surgical are similar in size: $10.40bn and $10.06bn of revenue in their latest fiscal years. Intuitive Surgical grew faster (20.5% against 4.9%). Intuitive Surgical kept more of each dollar of sales as profit: a net margin of 28.4% against 9.4%. Intuitive Surgical carries less debt relative to equity (0.0% against 21.5%).
| Latest fiscal year | AlconALC, 2025 | Intuitive SurgicalISRG, 2025 |
|---|---|---|
| Revenue | $10.40bn | $10.06bn |
| Revenue growth | 4.9% | 20.5% |
| Net income | $980m | $2.86bn |
| Operating margin | 13.1% | 29.3% |
| Net margin | 9.4% | 28.4% |
| Return on equity | 4.5% | 16.7% |
| Free cash flow | $1.73bn | $2.49bn |
| Cash | $1.53bn | $3.37bn |
| Total debt | $4.74bn | $0 |
| Debt to equity | 21.5% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 0.5% | — |
| Share buybacks | $676m | $2.30bn |
| Employees | — | 17,021 |
| Market value | $36.00bn | $153.11bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | — | 89 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 84 sales |