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Side-by-side financial comparison of ALCON INC (ALC) and Rocket Companies, Inc. (RKT). Click either name above to swap in a different company.

Rocket Companies, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.6B, roughly 1.0× ALCON INC). ALCON INC runs the higher net margin — 6.8% vs 2.5%, a 4.3% gap on every dollar of revenue. On growth, Rocket Companies, Inc. posted the faster year-over-year revenue change (52.2% 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.

Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage. Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.

ALC vs RKT — Head-to-Head

Bigger by revenue
RKT
RKT
1.0× larger
RKT
$2.7B
$2.6B
ALC
Growing faster (revenue YoY)
RKT
RKT
+48.1% gap
RKT
52.2%
4.0%
ALC
Higher net margin
ALC
ALC
4.3% more per $
ALC
6.8%
2.5%
RKT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
RKT
RKT
Revenue
$2.6B
$2.7B
Net Profit
$176.0M
$68.0M
Gross Margin
53.5%
Operating Margin
9.5%
6.3%
Net Margin
6.8%
2.5%
Revenue YoY
4.0%
52.2%
Net Profit YoY
-21.1%
100.8%
EPS (diluted)
$0.35
$0.10

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
RKT
RKT
Q4 25
$2.7B
Q3 25
$1.6B
Q2 25
$2.6B
$1.4B
Q1 25
$1.0B
Q4 24
$1.8B
Q3 24
$646.9M
Q2 24
$2.5B
$1.3B
Q1 24
$1.4B
Net Profit
ALC
ALC
RKT
RKT
Q4 25
$68.0M
Q3 25
$-123.9M
Q2 25
$176.0M
$-1.8M
Q1 25
$-10.4M
Q4 24
$33.9M
Q3 24
$-22.0M
Q2 24
$223.0M
$1.3M
Q1 24
$16.2M
Gross Margin
ALC
ALC
RKT
RKT
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
58.9%
Q3 24
-8.4%
Q2 24
55.0%
47.4%
Q1 24
51.2%
Operating Margin
ALC
ALC
RKT
RKT
Q4 25
6.3%
Q3 25
-11.5%
Q2 25
9.5%
1.8%
Q1 25
-21.5%
Q4 24
38.1%
Q3 24
-76.9%
Q2 24
12.7%
14.8%
Q1 24
21.6%
Net Margin
ALC
ALC
RKT
RKT
Q4 25
2.5%
Q3 25
-7.7%
Q2 25
6.8%
-0.1%
Q1 25
-1.0%
Q4 24
1.9%
Q3 24
-3.4%
Q2 24
8.9%
0.1%
Q1 24
1.2%
EPS (diluted)
ALC
ALC
RKT
RKT
Q4 25
$0.10
Q3 25
$-0.06
Q2 25
$0.35
$-0.01
Q1 25
$-0.08
Q4 24
$0.28
Q3 24
$-0.19
Q2 24
$0.45
$0.01
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
RKT
RKT
Cash + ST InvestmentsLiquidity on hand
$1.4B
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$22.1B
$22.9B
Total Assets
$31.4B
$60.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
RKT
RKT
Q4 25
$2.7B
Q3 25
$5.8B
Q2 25
$1.4B
$5.1B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.4B
$1.3B
Q1 24
$861.4M
Stockholders' Equity
ALC
ALC
RKT
RKT
Q4 25
$22.9B
Q3 25
$8.9B
Q2 25
$22.1B
$7.4B
Q1 25
$8.6B
Q4 24
$9.0B
Q3 24
$8.4B
Q2 24
$20.9B
$8.8B
Q1 24
$8.6B
Total Assets
ALC
ALC
RKT
RKT
Q4 25
$60.7B
Q3 25
$33.6B
Q2 25
$31.4B
$30.4B
Q1 25
$25.3B
Q4 24
$24.5B
Q3 24
$25.1B
Q2 24
$29.7B
$23.6B
Q1 24
$22.2B

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
RKT
RKT
Operating Cash FlowLast quarter
$-1.2B
Free Cash FlowOCF − Capex
$-1.3B
FCF MarginFCF / Revenue
-47.2%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
-18.08×
TTM Free Cash FlowTrailing 4 quarters
$-4.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
RKT
RKT
Q4 25
$-1.2B
Q3 25
$-50.3M
Q2 25
$-1.9B
Q1 25
$-797.0M
Q4 24
$1.8B
Q3 24
$-1.3B
Q2 24
$-122.3M
Q1 24
$-3.0B
Free Cash Flow
ALC
ALC
RKT
RKT
Q4 25
$-1.3B
Q3 25
$-71.8M
Q2 25
$-1.9B
Q1 25
$-811.0M
Q4 24
$1.8B
Q3 24
$-1.4B
Q2 24
$-138.3M
Q1 24
$-3.0B
FCF Margin
ALC
ALC
RKT
RKT
Q4 25
-47.2%
Q3 25
-4.5%
Q2 25
-137.2%
Q1 25
-78.2%
Q4 24
103.1%
Q3 24
-209.6%
Q2 24
-10.6%
Q1 24
-218.7%
Capex Intensity
ALC
ALC
RKT
RKT
Q4 25
1.5%
Q3 25
1.3%
Q2 25
1.1%
Q1 25
1.4%
Q4 24
1.1%
Q3 24
2.9%
Q2 24
1.2%
Q1 24
1.0%
Cash Conversion
ALC
ALC
RKT
RKT
Q4 25
-18.08×
Q3 25
Q2 25
Q1 25
Q4 24
54.42×
Q3 24
Q2 24
-94.46×
Q1 24
-185.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

RKT
RKT

Other$1.4B51%
Direct To Customer Segment$945.8M35%
Partner Network Segment$216.7M8%
Subscription Revenue$91.3M3%
Closing Fees$47.1M2%
Appraisal Revenue$10.7M0%

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