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

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $32.6M, roughly 79.6× RxSight, Inc.). ALCON INC runs the higher net margin — 6.8% vs -28.1%, a 34.8% gap on every dollar of revenue. On growth, ALCON INC posted the faster year-over-year revenue change (4.0% vs -18.9%).

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.

RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.

ALC vs RXST — Head-to-Head

Bigger by revenue
ALC
ALC
79.6× larger
ALC
$2.6B
$32.6M
RXST
Growing faster (revenue YoY)
ALC
ALC
+22.9% gap
ALC
4.0%
-18.9%
RXST
Higher net margin
ALC
ALC
34.8% more per $
ALC
6.8%
-28.1%
RXST

Income Statement — Q2 2025 vs Q4 2025

Metric
ALC
ALC
RXST
RXST
Revenue
$2.6B
$32.6M
Net Profit
$176.0M
$-9.2M
Gross Margin
53.5%
77.5%
Operating Margin
9.5%
-34.8%
Net Margin
6.8%
-28.1%
Revenue YoY
4.0%
-18.9%
Net Profit YoY
-21.1%
-54.1%
EPS (diluted)
$0.35
$-0.22

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
RXST
RXST
Q4 25
$32.6M
Q3 25
$30.3M
Q2 25
$2.6B
$33.6M
Q1 25
$37.9M
Q4 24
$40.2M
Q3 24
$35.3M
Q2 24
$2.5B
$34.9M
Q1 24
$29.5M
Net Profit
ALC
ALC
RXST
RXST
Q4 25
$-9.2M
Q3 25
$-9.8M
Q2 25
$176.0M
$-11.8M
Q1 25
$-8.2M
Q4 24
$-5.9M
Q3 24
$-6.3M
Q2 24
$223.0M
$-6.1M
Q1 24
$-9.1M
Gross Margin
ALC
ALC
RXST
RXST
Q4 25
77.5%
Q3 25
79.9%
Q2 25
53.5%
74.9%
Q1 25
74.8%
Q4 24
71.6%
Q3 24
71.4%
Q2 24
55.0%
69.5%
Q1 24
70.1%
Operating Margin
ALC
ALC
RXST
RXST
Q4 25
-34.8%
Q3 25
-40.1%
Q2 25
9.5%
-41.6%
Q1 25
-28.2%
Q4 24
-21.5%
Q3 24
-26.1%
Q2 24
12.7%
-23.9%
Q1 24
-36.2%
Net Margin
ALC
ALC
RXST
RXST
Q4 25
-28.1%
Q3 25
-32.4%
Q2 25
6.8%
-35.0%
Q1 25
-21.6%
Q4 24
-14.8%
Q3 24
-17.9%
Q2 24
8.9%
-17.4%
Q1 24
-30.8%
EPS (diluted)
ALC
ALC
RXST
RXST
Q4 25
$-0.22
Q3 25
$-0.24
Q2 25
$0.35
$-0.29
Q1 25
$-0.20
Q4 24
$-0.14
Q3 24
$-0.16
Q2 24
$0.45
$-0.16
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
RXST
RXST
Cash + ST InvestmentsLiquidity on hand
$1.4B
$228.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.1B
$275.7M
Total Assets
$31.4B
$311.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
RXST
RXST
Q4 25
$228.1M
Q3 25
$227.5M
Q2 25
$1.4B
$227.5M
Q1 25
$229.3M
Q4 24
$237.2M
Q3 24
$237.1M
Q2 24
$1.4B
$233.3M
Q1 24
$125.4M
Stockholders' Equity
ALC
ALC
RXST
RXST
Q4 25
$275.7M
Q3 25
$276.0M
Q2 25
$22.1B
$278.0M
Q1 25
$279.3M
Q4 24
$281.2M
Q3 24
$277.3M
Q2 24
$20.9B
$275.2M
Q1 24
$163.9M
Total Assets
ALC
ALC
RXST
RXST
Q4 25
$311.8M
Q3 25
$308.5M
Q2 25
$31.4B
$309.0M
Q1 25
$313.0M
Q4 24
$318.6M
Q3 24
$310.5M
Q2 24
$29.7B
$305.5M
Q1 24
$183.2M

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
RXST
RXST
Operating Cash FlowLast quarter
$-1.1M
Free Cash FlowOCF − Capex
$-2.3M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
RXST
RXST
Q4 25
$-1.1M
Q3 25
$-1.2M
Q2 25
$-4.4M
Q1 25
$-8.8M
Q4 24
$-4.3M
Q3 24
$650.0K
Q2 24
$-4.0M
Q1 24
$-9.3M
Free Cash Flow
ALC
ALC
RXST
RXST
Q4 25
$-2.3M
Q3 25
$-1.8M
Q2 25
$-5.9M
Q1 25
$-9.4M
Q4 24
$-5.1M
Q3 24
$-453.0K
Q2 24
$-5.5M
Q1 24
$-11.3M
FCF Margin
ALC
ALC
RXST
RXST
Q4 25
-6.9%
Q3 25
-5.8%
Q2 25
-17.6%
Q1 25
-24.8%
Q4 24
-12.7%
Q3 24
-1.3%
Q2 24
-15.9%
Q1 24
-38.2%
Capex Intensity
ALC
ALC
RXST
RXST
Q4 25
3.5%
Q3 25
1.9%
Q2 25
4.6%
Q1 25
1.5%
Q4 24
2.1%
Q3 24
3.1%
Q2 24
4.4%
Q1 24
6.7%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

RXST
RXST

Rxlal$28.2M86%
LDD$3.0M9%
Service Warranty Service Contracts And Accessories$1.5M4%

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