vs
Side-by-side financial comparison of ALCON INC (ALC) and AXIS CAPITAL HOLDINGS LTD (AXS). Click either name above to swap in a different company.
ALCON INC is the larger business by last-quarter revenue ($2.6B vs $1.6B, roughly 1.6× AXIS CAPITAL HOLDINGS LTD). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs 6.8%, a 8.7% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs 4.0%).
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.
AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore. The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance. The reinsurance services include property, professional lines, credit and bond, and others.
ALC vs AXS — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.6B |
| Net Profit | $176.0M | $254.8M |
| Gross Margin | 53.5% | — |
| Operating Margin | 9.5% | 15.6% |
| Net Margin | 6.8% | 15.5% |
| Revenue YoY | 4.0% | 8.0% |
| Net Profit YoY | -21.1% | 31.3% |
| EPS (diluted) | $0.35 | — |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | — | $254.8M | ||
| Q4 25 | — | $289.6M | ||
| Q3 25 | — | $301.9M | ||
| Q2 25 | $176.0M | $223.4M | ||
| Q1 25 | — | $194.1M | ||
| Q4 24 | — | $293.6M | ||
| Q3 24 | — | $180.7M | ||
| Q2 24 | $223.0M | $212.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 53.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 55.0% | — |
| Q1 26 | — | 15.6% | ||
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | 9.5% | 17.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | 12.7% | 17.4% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | 6.8% | 13.7% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | 8.9% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.63 | ||
| Q3 25 | — | $3.74 | ||
| Q2 25 | $0.35 | $2.72 | ||
| Q1 25 | — | $2.26 | ||
| Q4 24 | — | $3.38 | ||
| Q3 24 | — | $2.04 | ||
| Q2 24 | $0.45 | $2.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $862.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.1B | $6.4B |
| Total Assets | $31.4B | $35.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $862.5M | ||
| Q4 25 | — | $820.3M | ||
| Q3 25 | — | $825.9M | ||
| Q2 25 | $1.4B | $852.1M | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $981.0M | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | $22.1B | $6.2B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | $20.9B | $5.7B |
| Q1 26 | — | $35.6B | ||
| Q4 25 | — | $34.5B | ||
| Q3 25 | — | $34.3B | ||
| Q2 25 | $31.4B | $34.2B | ||
| Q1 25 | — | $33.2B | ||
| Q4 24 | — | $32.5B | ||
| Q3 24 | — | $32.7B | ||
| Q2 24 | $29.7B | $32.1B |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
