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

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $1.8B, roughly 1.4× Iron Mountain). ALCON INC runs the higher net margin — 6.8% vs 5.1%, a 1.7% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% 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.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

ALC vs IRM — Head-to-Head

Bigger by revenue
ALC
ALC
1.4× larger
ALC
$2.6B
$1.8B
IRM
Growing faster (revenue YoY)
IRM
IRM
+12.6% gap
IRM
16.6%
4.0%
ALC
Higher net margin
ALC
ALC
1.7% more per $
ALC
6.8%
5.1%
IRM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
IRM
IRM
Revenue
$2.6B
$1.8B
Net Profit
$176.0M
$93.1M
Gross Margin
53.5%
Operating Margin
9.5%
18.5%
Net Margin
6.8%
5.1%
Revenue YoY
4.0%
16.6%
Net Profit YoY
-21.1%
-11.9%
EPS (diluted)
$0.35
$0.31

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
IRM
IRM
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$2.6B
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$2.5B
$1.5B
Q1 24
$1.5B
Net Profit
ALC
ALC
IRM
IRM
Q4 25
$93.1M
Q3 25
$86.2M
Q2 25
$176.0M
$-43.3M
Q1 25
$16.2M
Q4 24
$105.7M
Q3 24
$-33.7M
Q2 24
$223.0M
$34.6M
Q1 24
$77.0M
Gross Margin
ALC
ALC
IRM
IRM
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
Q3 24
Q2 24
55.0%
Q1 24
Operating Margin
ALC
ALC
IRM
IRM
Q4 25
18.5%
Q3 25
17.6%
Q2 25
9.5%
15.2%
Q1 25
16.0%
Q4 24
17.9%
Q3 24
16.1%
Q2 24
12.7%
15.0%
Q1 24
16.6%
Net Margin
ALC
ALC
IRM
IRM
Q4 25
5.1%
Q3 25
4.9%
Q2 25
6.8%
-2.5%
Q1 25
1.0%
Q4 24
6.7%
Q3 24
-2.2%
Q2 24
8.9%
2.3%
Q1 24
5.2%
EPS (diluted)
ALC
ALC
IRM
IRM
Q4 25
$0.31
Q3 25
$0.28
Q2 25
$0.35
$-0.15
Q1 25
$0.05
Q4 24
$0.35
Q3 24
$-0.11
Q2 24
$0.45
$0.12
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$1.4B
$158.5M
Total DebtLower is stronger
$16.2B
Stockholders' EquityBook value
$22.1B
$-981.0M
Total Assets
$31.4B
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
IRM
IRM
Q4 25
$158.5M
Q3 25
Q2 25
$1.4B
Q1 25
Q4 24
$155.7M
Q3 24
Q2 24
$1.4B
Q1 24
Total Debt
ALC
ALC
IRM
IRM
Q4 25
$16.2B
Q3 25
$15.5B
Q2 25
$14.8B
Q1 25
$14.2B
Q4 24
$13.0B
Q3 24
$13.2B
Q2 24
$12.8B
Q1 24
$12.6B
Stockholders' Equity
ALC
ALC
IRM
IRM
Q4 25
$-981.0M
Q3 25
$-882.0M
Q2 25
$22.1B
$-767.4M
Q1 25
$-698.5M
Q4 24
$-503.1M
Q3 24
$-259.0M
Q2 24
$20.9B
$-132.9M
Q1 24
$18.5M
Total Assets
ALC
ALC
IRM
IRM
Q4 25
$21.1B
Q3 25
$20.6B
Q2 25
$31.4B
$20.2B
Q1 25
$19.4B
Q4 24
$18.7B
Q3 24
$18.5B
Q2 24
$29.7B
$18.0B
Q1 24
$17.8B
Debt / Equity
ALC
ALC
IRM
IRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
679.18×

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
IRM
IRM
Operating Cash FlowLast quarter
$500.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
28.0%
Cash ConversionOCF / Net Profit
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
IRM
IRM
Q4 25
$500.0M
Q3 25
$267.6M
Q2 25
$375.1M
Q1 25
$197.3M
Q4 24
$431.6M
Q3 24
$252.9M
Q2 24
$382.2M
Q1 24
$130.0M
Free Cash Flow
ALC
ALC
IRM
IRM
Q4 25
$-16.2M
Q3 25
$-256.3M
Q2 25
$-181.6M
Q1 25
$-477.5M
Q4 24
$-186.0M
Q3 24
$-143.2M
Q2 24
$-14.6M
Q1 24
$-251.1M
FCF Margin
ALC
ALC
IRM
IRM
Q4 25
-0.9%
Q3 25
-14.6%
Q2 25
-10.6%
Q1 25
-30.0%
Q4 24
-11.8%
Q3 24
-9.2%
Q2 24
-1.0%
Q1 24
-17.0%
Capex Intensity
ALC
ALC
IRM
IRM
Q4 25
28.0%
Q3 25
29.9%
Q2 25
32.5%
Q1 25
42.4%
Q4 24
39.1%
Q3 24
25.4%
Q2 24
25.9%
Q1 24
25.8%
Cash Conversion
ALC
ALC
IRM
IRM
Q4 25
5.37×
Q3 25
3.10×
Q2 25
Q1 25
12.15×
Q4 24
4.08×
Q3 24
Q2 24
11.04×
Q1 24
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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