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

Eversource Energy is the larger business by last-quarter revenue ($3.4B vs $2.6B, roughly 1.3× ALCON INC). Eversource Energy runs the higher net margin — 12.6% vs 6.8%, a 5.8% gap on every dollar of revenue. On growth, Eversource Energy posted the faster year-over-year revenue change (13.4% 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.

Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Springfield, Massachusetts with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.

ALC vs ES — Head-to-Head

Bigger by revenue
ES
ES
1.3× larger
ES
$3.4B
$2.6B
ALC
Growing faster (revenue YoY)
ES
ES
+9.4% gap
ES
13.4%
4.0%
ALC
Higher net margin
ES
ES
5.8% more per $
ES
12.6%
6.8%
ALC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
ES
ES
Revenue
$2.6B
$3.4B
Net Profit
$176.0M
$423.2M
Gross Margin
53.5%
Operating Margin
9.5%
21.1%
Net Margin
6.8%
12.6%
Revenue YoY
4.0%
13.4%
Net Profit YoY
-21.1%
468.8%
EPS (diluted)
$0.35
$1.11

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
ES
ES
Q4 25
$3.4B
Q3 25
$3.2B
Q2 25
$2.6B
$2.8B
Q1 25
$4.1B
Q4 24
$3.0B
Q3 24
$3.1B
Q2 24
$2.5B
$2.5B
Q1 24
$3.3B
Net Profit
ALC
ALC
ES
ES
Q4 25
$423.2M
Q3 25
$369.4M
Q2 25
$176.0M
$354.6M
Q1 25
$552.7M
Q4 24
$74.4M
Q3 24
$-116.2M
Q2 24
$223.0M
$337.2M
Q1 24
$523.7M
Gross Margin
ALC
ALC
ES
ES
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
Q3 24
Q2 24
55.0%
Q1 24
Operating Margin
ALC
ALC
ES
ES
Q4 25
21.1%
Q3 25
21.4%
Q2 25
9.5%
23.4%
Q1 25
22.5%
Q4 24
11.7%
Q3 24
20.0%
Q2 24
12.7%
23.8%
Q1 24
25.4%
Net Margin
ALC
ALC
ES
ES
Q4 25
12.6%
Q3 25
11.5%
Q2 25
6.8%
12.5%
Q1 25
13.4%
Q4 24
2.5%
Q3 24
-3.8%
Q2 24
8.9%
13.3%
Q1 24
15.7%
EPS (diluted)
ALC
ALC
ES
ES
Q4 25
$1.11
Q3 25
$0.99
Q2 25
$0.35
$0.96
Q1 25
$1.50
Q4 24
$0.16
Q3 24
$-0.33
Q2 24
$0.45
$0.95
Q1 24
$1.49

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
ES
ES
Cash + ST InvestmentsLiquidity on hand
$1.4B
$135.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.1B
$16.2B
Total Assets
$31.4B
$63.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
ES
ES
Q4 25
$135.4M
Q3 25
$259.3M
Q2 25
$1.4B
$343.7M
Q1 25
$111.4M
Q4 24
$26.7M
Q3 24
$97.9M
Q2 24
$1.4B
Q1 24
Stockholders' Equity
ALC
ALC
ES
ES
Q4 25
$16.2B
Q3 25
$16.0B
Q2 25
$22.1B
$15.7B
Q1 25
$15.3B
Q4 24
$15.0B
Q3 24
$15.0B
Q2 24
$20.9B
$14.8B
Q1 24
$14.5B
Total Assets
ALC
ALC
ES
ES
Q4 25
$63.8B
Q3 25
$61.7B
Q2 25
$31.4B
$61.0B
Q1 25
$60.2B
Q4 24
$59.6B
Q3 24
$58.6B
Q2 24
$29.7B
$58.4B
Q1 24
$57.3B

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
ES
ES
Operating Cash FlowLast quarter
$916.1M
Free Cash FlowOCF − Capex
$-67.3M
FCF MarginFCF / Revenue
-2.0%
Capex IntensityCapex / Revenue
29.2%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$-45.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
ES
ES
Q4 25
$916.1M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$642.1M
Q3 24
$555.6M
Q2 24
$670.7M
Q1 24
$291.3M
Free Cash Flow
ALC
ALC
ES
ES
Q4 25
$-67.3M
Q3 25
$-26.3M
Q2 25
$15.3M
Q1 25
$33.2M
Q4 24
$-546.5M
Q3 24
$-515.4M
Q2 24
$-400.8M
Q1 24
$-858.1M
FCF Margin
ALC
ALC
ES
ES
Q4 25
-2.0%
Q3 25
-0.8%
Q2 25
0.5%
Q1 25
0.8%
Q4 24
-18.4%
Q3 24
-16.8%
Q2 24
-15.8%
Q1 24
-25.7%
Capex Intensity
ALC
ALC
ES
ES
Q4 25
29.2%
Q3 25
35.0%
Q2 25
36.7%
Q1 25
24.5%
Q4 24
40.0%
Q3 24
35.0%
Q2 24
42.3%
Q1 24
34.5%
Cash Conversion
ALC
ALC
ES
ES
Q4 25
2.16×
Q3 25
2.98×
Q2 25
2.98×
Q1 25
1.88×
Q4 24
8.63×
Q3 24
Q2 24
1.99×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

ES
ES

Residential$1.2B35%
Commercial$789.0M23%
Eversource Electric Transmission$573.8M17%
Wholesale Transmission Revenue$570.0M17%
Industrial$102.6M3%
Water Distribution Segment$58.4M2%
Eversource Water$56.3M2%
Other Revenue Adjustmentsfrom Contractswith Customers$25.9M1%

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