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

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $2.1B, roughly 1.2× Owens Corning). ALCON INC runs the higher net margin — 6.8% vs -13.9%, a 20.7% gap on every dollar of revenue. On growth, ALCON INC posted the faster year-over-year revenue change (4.0% vs -24.6%).

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.

Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther is the...

ALC vs OC — Head-to-Head

Bigger by revenue
ALC
ALC
1.2× larger
ALC
$2.6B
$2.1B
OC
Growing faster (revenue YoY)
ALC
ALC
+28.6% gap
ALC
4.0%
-24.6%
OC
Higher net margin
ALC
ALC
20.7% more per $
ALC
6.8%
-13.9%
OC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
OC
OC
Revenue
$2.6B
$2.1B
Net Profit
$176.0M
$-298.0M
Gross Margin
53.5%
23.2%
Operating Margin
9.5%
-10.5%
Net Margin
6.8%
-13.9%
Revenue YoY
4.0%
-24.6%
Net Profit YoY
-21.1%
-15.5%
EPS (diluted)
$0.35
$-3.47

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
OC
OC
Q4 25
$2.1B
Q3 25
$2.7B
Q2 25
$2.6B
$2.7B
Q1 25
$2.5B
Q4 24
$2.8B
Q3 24
$3.0B
Q2 24
$2.5B
$2.8B
Q1 24
$2.3B
Net Profit
ALC
ALC
OC
OC
Q4 25
$-298.0M
Q3 25
$-494.0M
Q2 25
$176.0M
$363.0M
Q1 25
$-93.0M
Q4 24
$-258.0M
Q3 24
$321.0M
Q2 24
$223.0M
$285.0M
Q1 24
$299.0M
Gross Margin
ALC
ALC
OC
OC
Q4 25
23.2%
Q3 25
28.2%
Q2 25
53.5%
31.2%
Q1 25
28.7%
Q4 24
28.1%
Q3 24
29.8%
Q2 24
55.0%
31.1%
Q1 24
29.6%
Operating Margin
ALC
ALC
OC
OC
Q4 25
-10.5%
Q3 25
-12.2%
Q2 25
9.5%
18.4%
Q1 25
16.1%
Q4 24
-8.5%
Q3 24
16.7%
Q2 24
12.7%
16.4%
Q1 24
17.5%
Net Margin
ALC
ALC
OC
OC
Q4 25
-13.9%
Q3 25
-18.4%
Q2 25
6.8%
13.2%
Q1 25
-3.7%
Q4 24
-9.1%
Q3 24
10.5%
Q2 24
8.9%
10.2%
Q1 24
13.0%
EPS (diluted)
ALC
ALC
OC
OC
Q4 25
$-3.47
Q3 25
$-5.92
Q2 25
$0.35
$4.25
Q1 25
$-1.08
Q4 24
$-2.92
Q3 24
$3.65
Q2 24
$0.45
$3.24
Q1 24
$3.40

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
OC
OC
Cash + ST InvestmentsLiquidity on hand
$1.4B
$345.0M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$22.1B
$3.9B
Total Assets
$31.4B
$13.0B
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
OC
OC
Q4 25
$345.0M
Q3 25
$286.0M
Q2 25
$1.4B
$230.0M
Q1 25
$400.0M
Q4 24
$361.0M
Q3 24
$499.0M
Q2 24
$1.4B
$254.0M
Q1 24
$1.3B
Total Debt
ALC
ALC
OC
OC
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.1B
Q1 25
$5.0B
Q4 24
$5.1B
Q3 24
$5.0B
Q2 24
$5.0B
Q1 24
$2.6B
Stockholders' Equity
ALC
ALC
OC
OC
Q4 25
$3.9B
Q3 25
$4.4B
Q2 25
$22.1B
$5.2B
Q1 25
$4.9B
Q4 24
$5.1B
Q3 24
$5.6B
Q2 24
$20.9B
$5.5B
Q1 24
$5.2B
Total Assets
ALC
ALC
OC
OC
Q4 25
$13.0B
Q3 25
$13.5B
Q2 25
$31.4B
$14.5B
Q1 25
$14.3B
Q4 24
$14.1B
Q3 24
$15.1B
Q2 24
$29.7B
$15.0B
Q1 24
$11.3B
Debt / Equity
ALC
ALC
OC
OC
Q4 25
1.22×
Q3 25
1.06×
Q2 25
0.98×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
0.89×
Q2 24
0.92×
Q1 24
0.51×

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
OC
OC
Operating Cash FlowLast quarter
$590.0M
Free Cash FlowOCF − Capex
$333.0M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
12.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$962.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
OC
OC
Q4 25
$590.0M
Q3 25
$918.0M
Q2 25
$327.0M
Q1 25
$-49.0M
Q4 24
$676.0M
Q3 24
$699.0M
Q2 24
$493.0M
Q1 24
$24.0M
Free Cash Flow
ALC
ALC
OC
OC
Q4 25
$333.0M
Q3 25
$752.0M
Q2 25
$129.0M
Q1 25
$-252.0M
Q4 24
$479.0M
Q3 24
$558.0M
Q2 24
$336.0M
Q1 24
$-128.0M
FCF Margin
ALC
ALC
OC
OC
Q4 25
15.5%
Q3 25
28.0%
Q2 25
4.7%
Q1 25
-10.0%
Q4 24
16.9%
Q3 24
18.3%
Q2 24
12.0%
Q1 24
-5.6%
Capex Intensity
ALC
ALC
OC
OC
Q4 25
12.0%
Q3 25
6.2%
Q2 25
7.2%
Q1 25
8.0%
Q4 24
6.9%
Q3 24
4.6%
Q2 24
5.6%
Q1 24
6.6%
Cash Conversion
ALC
ALC
OC
OC
Q4 25
Q3 25
Q2 25
0.90×
Q1 25
Q4 24
Q3 24
2.18×
Q2 24
1.73×
Q1 24
0.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

OC
OC

Insulation$724.0M34%
Residential$625.0M29%
Doors$427.0M20%
Discontinued Operations Disposed Of By Sale$299.0M14%
Commercial And Industrial Sector$101.0M5%

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