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Side-by-side financial comparison of ALCON INC (ALC) and Academy Sports & Outdoors, Inc. (ASO). Click either name above to swap in a different company.

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $1.4B, roughly 1.9× Academy Sports & Outdoors, Inc.). ALCON INC runs the higher net margin — 6.8% vs 5.2%, a 1.6% gap on every dollar of revenue. On growth, ALCON INC posted the faster year-over-year revenue change (4.0% vs 3.0%).

Alcon Inc. is a Swiss-American pharmaceutical and medical device company specializing in eye care products. Alcon is incorporated in the Canton of Fribourg, Switzerland, and its global headquarters are located in Geneva, but its main operational base is in Fort Worth, Texas, United States, where it employs about 4,500 people.

Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.

ALC vs ASO — Head-to-Head

Bigger by revenue
ALC
ALC
1.9× larger
ALC
$2.6B
$1.4B
ASO
Growing faster (revenue YoY)
ALC
ALC
+1.0% gap
ALC
4.0%
3.0%
ASO
Higher net margin
ALC
ALC
1.6% more per $
ALC
6.8%
5.2%
ASO

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
ALC
ALC
ASO
ASO
Revenue
$2.6B
$1.4B
Net Profit
$176.0M
$71.6M
Gross Margin
53.5%
35.7%
Operating Margin
9.5%
7.3%
Net Margin
6.8%
5.2%
Revenue YoY
4.0%
3.0%
Net Profit YoY
-21.1%
8.8%
EPS (diluted)
$0.35
$1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALC
ALC
ASO
ASO
Q4 25
$1.4B
Q3 25
$1.6B
Q2 25
$2.6B
$1.4B
Q1 25
$1.7B
Q4 24
$1.3B
Q3 24
$1.5B
Q2 24
$2.5B
$1.4B
Q1 24
$1.8B
Net Profit
ALC
ALC
ASO
ASO
Q4 25
$71.6M
Q3 25
$125.4M
Q2 25
$176.0M
$46.1M
Q1 25
$133.6M
Q4 24
$65.8M
Q3 24
$142.6M
Q2 24
$223.0M
$76.5M
Q1 24
$168.2M
Gross Margin
ALC
ALC
ASO
ASO
Q4 25
35.7%
Q3 25
36.0%
Q2 25
53.5%
34.0%
Q1 25
32.2%
Q4 24
34.0%
Q3 24
36.1%
Q2 24
55.0%
33.4%
Q1 24
33.3%
Operating Margin
ALC
ALC
ASO
ASO
Q4 25
7.3%
Q3 25
10.8%
Q2 25
9.5%
5.1%
Q1 25
9.2%
Q4 24
6.8%
Q3 24
12.3%
Q2 24
12.7%
7.5%
Q1 24
11.4%
Net Margin
ALC
ALC
ASO
ASO
Q4 25
5.2%
Q3 25
7.8%
Q2 25
6.8%
3.4%
Q1 25
8.0%
Q4 24
4.9%
Q3 24
9.2%
Q2 24
8.9%
5.6%
Q1 24
9.4%
EPS (diluted)
ALC
ALC
ASO
ASO
Q4 25
$1.05
Q3 25
$1.85
Q2 25
$0.35
$0.68
Q1 25
$1.85
Q4 24
$0.92
Q3 24
$1.95
Q2 24
$0.45
$1.01
Q1 24
$2.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALC
ALC
ASO
ASO
Cash + ST InvestmentsLiquidity on hand
$1.4B
$289.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.1B
$2.1B
Total Assets
$31.4B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
ASO
ASO
Q4 25
$289.5M
Q3 25
$300.9M
Q2 25
$1.4B
$285.1M
Q1 25
$288.9M
Q4 24
$296.0M
Q3 24
$324.6M
Q2 24
$1.4B
$378.1M
Q1 24
$347.9M
Stockholders' Equity
ALC
ALC
ASO
ASO
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$22.1B
$1.9B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$20.9B
$1.9B
Q1 24
$2.0B
Total Assets
ALC
ALC
ASO
ASO
Q4 25
$5.4B
Q3 25
$5.3B
Q2 25
$31.4B
$5.2B
Q1 25
$4.9B
Q4 24
$5.1B
Q3 24
$4.9B
Q2 24
$29.7B
$4.9B
Q1 24
$4.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALC
ALC
ASO
ASO
Operating Cash FlowLast quarter
$49.0M
Free Cash FlowOCF − Capex
$-13.6M
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$191.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
ASO
ASO
Q4 25
$49.0M
Q3 25
$78.6M
Q2 25
$157.5M
Q1 25
$140.2M
Q4 24
$96.9M
Q3 24
$91.3M
Q2 24
$199.7M
Q1 24
$234.7M
Free Cash Flow
ALC
ALC
ASO
ASO
Q4 25
$-13.6M
Q3 25
$21.8M
Q2 25
$106.6M
Q1 25
$76.4M
Q4 24
$34.4M
Q3 24
$50.1M
Q2 24
$167.4M
Q1 24
$178.9M
FCF Margin
ALC
ALC
ASO
ASO
Q4 25
-1.0%
Q3 25
1.4%
Q2 25
7.9%
Q1 25
4.6%
Q4 24
2.6%
Q3 24
3.2%
Q2 24
12.3%
Q1 24
10.0%
Capex Intensity
ALC
ALC
ASO
ASO
Q4 25
4.5%
Q3 25
3.5%
Q2 25
3.8%
Q1 25
3.8%
Q4 24
4.6%
Q3 24
2.7%
Q2 24
2.4%
Q1 24
3.1%
Cash Conversion
ALC
ALC
ASO
ASO
Q4 25
0.68×
Q3 25
0.63×
Q2 25
3.42×
Q1 25
1.05×
Q4 24
1.47×
Q3 24
0.64×
Q2 24
2.61×
Q1 24
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

ASO
ASO

Outdoors$445.1M32%
Apparel$349.8M25%
Footwear$292.4M21%
Sports And Recreation$288.7M21%
Other$7.6M1%

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