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Side-by-side financial comparison of ALCON INC (ALC) and DoorDash (DASH). Click either name above to swap in a different company.

DoorDash is the larger business by last-quarter revenue ($4.0B vs $2.6B, roughly 1.5× ALCON INC). ALCON INC runs the higher net margin — 6.8% vs 5.4%, a 1.4% gap on every dollar of revenue. On growth, DoorDash posted the faster year-over-year revenue change (37.7% 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.

DoorDash, Inc. is an American company operating online food ordering and food delivery. It trades under the symbol DASH. With a 56% market share, DoorDash is the largest food delivery platform in the United States. It also has a 60% market share in the convenience delivery category. As of December 31, 2020, the platform was used by 450,000 merchants, 20 million consumers, and had over one million delivery couriers.

ALC vs DASH — Head-to-Head

Bigger by revenue
DASH
DASH
1.5× larger
DASH
$4.0B
$2.6B
ALC
Growing faster (revenue YoY)
DASH
DASH
+33.7% gap
DASH
37.7%
4.0%
ALC
Higher net margin
ALC
ALC
1.4% more per $
ALC
6.8%
5.4%
DASH

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
DASH
DASH
Revenue
$2.6B
$4.0B
Net Profit
$176.0M
$213.0M
Gross Margin
53.5%
Operating Margin
9.5%
3.7%
Net Margin
6.8%
5.4%
Revenue YoY
4.0%
37.7%
Net Profit YoY
-21.1%
51.1%
EPS (diluted)
$0.35
$0.49

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
DASH
DASH
Q4 25
$4.0B
Q3 25
$3.4B
Q2 25
$2.6B
$3.3B
Q1 25
$3.0B
Q4 24
$2.9B
Q3 24
$2.7B
Q2 24
$2.5B
$2.6B
Q1 24
$2.5B
Net Profit
ALC
ALC
DASH
DASH
Q4 25
$213.0M
Q3 25
$244.0M
Q2 25
$176.0M
$285.0M
Q1 25
$193.0M
Q4 24
$141.0M
Q3 24
$162.0M
Q2 24
$223.0M
$-157.0M
Q1 24
$-23.0M
Gross Margin
ALC
ALC
DASH
DASH
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
Q3 24
Q2 24
55.0%
Q1 24
Operating Margin
ALC
ALC
DASH
DASH
Q4 25
3.7%
Q3 25
7.5%
Q2 25
9.5%
5.0%
Q1 25
5.1%
Q4 24
4.1%
Q3 24
4.0%
Q2 24
12.7%
-7.6%
Q1 24
-2.4%
Net Margin
ALC
ALC
DASH
DASH
Q4 25
5.4%
Q3 25
7.1%
Q2 25
6.8%
8.7%
Q1 25
6.4%
Q4 24
4.9%
Q3 24
6.0%
Q2 24
8.9%
-6.0%
Q1 24
-0.9%
EPS (diluted)
ALC
ALC
DASH
DASH
Q4 25
$0.49
Q3 25
$0.55
Q2 25
$0.35
$0.65
Q1 25
$0.44
Q4 24
$0.35
Q3 24
$0.38
Q2 24
$0.45
$-0.38
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
DASH
DASH
Cash + ST InvestmentsLiquidity on hand
$1.4B
$4.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$22.1B
$10.0B
Total Assets
$31.4B
$19.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
DASH
DASH
Q4 25
$4.4B
Q3 25
$3.3B
Q2 25
$1.4B
$3.9B
Q1 25
$4.5B
Q4 24
$4.0B
Q3 24
$3.7B
Q2 24
$1.4B
$3.4B
Q1 24
$3.1B
Stockholders' Equity
ALC
ALC
DASH
DASH
Q4 25
$10.0B
Q3 25
$9.5B
Q2 25
$22.1B
$8.9B
Q1 25
$8.4B
Q4 24
$7.8B
Q3 24
$7.6B
Q2 24
$20.9B
$7.2B
Q1 24
$7.0B
Total Assets
ALC
ALC
DASH
DASH
Q4 25
$19.7B
Q3 25
$18.0B
Q2 25
$31.4B
$16.9B
Q1 25
$13.6B
Q4 24
$12.8B
Q3 24
$12.3B
Q2 24
$29.7B
$11.8B
Q1 24
$11.4B

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
DASH
DASH
Operating Cash FlowLast quarter
$421.0M
Free Cash FlowOCF − Capex
$367.0M
FCF MarginFCF / Revenue
9.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
DASH
DASH
Q4 25
$421.0M
Q3 25
$871.0M
Q2 25
$504.0M
Q1 25
$635.0M
Q4 24
$518.0M
Q3 24
$531.0M
Q2 24
$530.0M
Q1 24
$553.0M
Free Cash Flow
ALC
ALC
DASH
DASH
Q4 25
$367.0M
Q3 25
$808.0M
Q2 25
$438.0M
Q1 25
$561.0M
Q4 24
$486.0M
Q3 24
$499.0M
Q2 24
$507.0M
Q1 24
$536.0M
FCF Margin
ALC
ALC
DASH
DASH
Q4 25
9.3%
Q3 25
23.4%
Q2 25
13.3%
Q1 25
18.5%
Q4 24
16.9%
Q3 24
18.4%
Q2 24
19.3%
Q1 24
21.3%
Capex Intensity
ALC
ALC
DASH
DASH
Q4 25
1.4%
Q3 25
1.8%
Q2 25
2.0%
Q1 25
2.4%
Q4 24
1.1%
Q3 24
1.2%
Q2 24
0.9%
Q1 24
0.7%
Cash Conversion
ALC
ALC
DASH
DASH
Q4 25
1.98×
Q3 25
3.57×
Q2 25
1.77×
Q1 25
3.29×
Q4 24
3.67×
Q3 24
3.28×
Q2 24
Q1 24

Financial Flow Comparison

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

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