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

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $1.7B, roughly 1.5× Snap Inc). ALCON INC runs the higher net margin — 6.8% vs 2.6%, a 4.1% gap on every dollar of revenue. On growth, Snap Inc posted the faster year-over-year revenue change (10.2% 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.

Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.

ALC vs SNAP — Head-to-Head

Bigger by revenue
ALC
ALC
1.5× larger
ALC
$2.6B
$1.7B
SNAP
Growing faster (revenue YoY)
SNAP
SNAP
+6.2% gap
SNAP
10.2%
4.0%
ALC
Higher net margin
ALC
ALC
4.1% more per $
ALC
6.8%
2.6%
SNAP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
SNAP
SNAP
Revenue
$2.6B
$1.7B
Net Profit
$176.0M
$45.2M
Gross Margin
53.5%
59.1%
Operating Margin
9.5%
2.9%
Net Margin
6.8%
2.6%
Revenue YoY
4.0%
10.2%
Net Profit YoY
-21.1%
396.7%
EPS (diluted)
$0.35
$0.03

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
SNAP
SNAP
Q4 25
$1.7B
Q3 25
$1.5B
Q2 25
$2.6B
$1.3B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$2.5B
$1.2B
Q1 24
$1.2B
Net Profit
ALC
ALC
SNAP
SNAP
Q4 25
$45.2M
Q3 25
$-103.5M
Q2 25
$176.0M
$-262.6M
Q1 25
$-139.6M
Q4 24
$9.1M
Q3 24
$-153.2M
Q2 24
$223.0M
$-248.6M
Q1 24
$-305.1M
Gross Margin
ALC
ALC
SNAP
SNAP
Q4 25
59.1%
Q3 25
55.3%
Q2 25
53.5%
51.4%
Q1 25
53.1%
Q4 24
56.9%
Q3 24
53.5%
Q2 24
55.0%
52.4%
Q1 24
51.9%
Operating Margin
ALC
ALC
SNAP
SNAP
Q4 25
2.9%
Q3 25
-8.5%
Q2 25
9.5%
-19.3%
Q1 25
-14.2%
Q4 24
-1.7%
Q3 24
-12.6%
Q2 24
12.7%
-20.5%
Q1 24
-27.9%
Net Margin
ALC
ALC
SNAP
SNAP
Q4 25
2.6%
Q3 25
-6.9%
Q2 25
6.8%
-19.5%
Q1 25
-10.2%
Q4 24
0.6%
Q3 24
-11.2%
Q2 24
8.9%
-20.1%
Q1 24
-25.5%
EPS (diluted)
ALC
ALC
SNAP
SNAP
Q4 25
$0.03
Q3 25
$-0.06
Q2 25
$0.35
$-0.16
Q1 25
$-0.08
Q4 24
$0.01
Q3 24
$-0.09
Q2 24
$0.45
$-0.15
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
SNAP
SNAP
Cash + ST InvestmentsLiquidity on hand
$1.4B
$2.9B
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$22.1B
$2.3B
Total Assets
$31.4B
$7.7B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
SNAP
SNAP
Q4 25
$2.9B
Q3 25
$3.0B
Q2 25
$1.4B
$2.9B
Q1 25
$3.2B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$1.4B
$3.1B
Q1 24
$2.9B
Total Debt
ALC
ALC
SNAP
SNAP
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.6B
Q1 24
$3.3B
Stockholders' Equity
ALC
ALC
SNAP
SNAP
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
$22.1B
$2.1B
Q1 25
$2.3B
Q4 24
$2.5B
Q3 24
$2.2B
Q2 24
$20.9B
$2.1B
Q1 24
$2.1B
Total Assets
ALC
ALC
SNAP
SNAP
Q4 25
$7.7B
Q3 25
$7.6B
Q2 25
$31.4B
$7.4B
Q1 25
$7.6B
Q4 24
$7.9B
Q3 24
$7.6B
Q2 24
$29.7B
$7.4B
Q1 24
$7.2B
Debt / Equity
ALC
ALC
SNAP
SNAP
Q4 25
1.55×
Q3 25
1.59×
Q2 25
1.73×
Q1 25
1.56×
Q4 24
1.49×
Q3 24
1.65×
Q2 24
1.76×
Q1 24
1.55×

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
SNAP
SNAP
Operating Cash FlowLast quarter
$269.6M
Free Cash FlowOCF − Capex
$205.6M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
5.96×
TTM Free Cash FlowTrailing 4 quarters
$437.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
SNAP
SNAP
Q4 25
$269.6M
Q3 25
$146.5M
Q2 25
$88.5M
Q1 25
$151.6M
Q4 24
$230.6M
Q3 24
$115.9M
Q2 24
$-21.4M
Q1 24
$88.4M
Free Cash Flow
ALC
ALC
SNAP
SNAP
Q4 25
$205.6M
Q3 25
$93.4M
Q2 25
$23.8M
Q1 25
$114.4M
Q4 24
$182.4M
Q3 24
$71.8M
Q2 24
$-73.4M
Q1 24
$37.9M
FCF Margin
ALC
ALC
SNAP
SNAP
Q4 25
12.0%
Q3 25
6.2%
Q2 25
1.8%
Q1 25
8.4%
Q4 24
11.7%
Q3 24
5.2%
Q2 24
-5.9%
Q1 24
3.2%
Capex Intensity
ALC
ALC
SNAP
SNAP
Q4 25
3.7%
Q3 25
3.5%
Q2 25
4.8%
Q1 25
2.7%
Q4 24
3.1%
Q3 24
3.2%
Q2 24
4.2%
Q1 24
4.2%
Cash Conversion
ALC
ALC
SNAP
SNAP
Q4 25
5.96×
Q3 25
Q2 25
Q1 25
Q4 24
25.34×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

SNAP
SNAP

Advertising Revenue$1.5B86%
Other Revenue$231.9M14%

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